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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-09527
DCM SERIES TRUST
________________________________________________________________________
(Exact name of registrant as specified in charter)
7 Wells Avenue, Newton, MA 02459
(Address of principal executive offices) (Zip code)
Emile R. Molineaux, General Counsel
Gemini Fund Services, LLC
150 Motor Parkway
Hauppauge, New York 11788
________________________________________________________________________
(Name and address of agent for service)
Registrant's telephone number, including area code: (617) 527-0033
Date of fiscal year end: September 30
Date of reporting period: July 1, 2004 - June 30, 2005
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 there under (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control n umber. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. SEC 2451 (4-03) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
ITEM 1. PROXY VOTING RECORD: (see attached chart)
Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30, 2005 with respect to which the Registrant was entitled to vote:
(a). The name of the issuer of the portfolio security;
(b). The exchange ticker symbol of the portfolio security;
(c). The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;
(d). The shareholder meeting date;
(e). A brief identification of the matter voted on;
(f). Whether the matter was proposed by the issuer or by a security holder;
(g). Whether the Registrant cast its vote on the matter;
(h). How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and
(i). Whether the Registrant cast its vote for or against management.
SIGNATURES
[See General Instruction F]
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) DCM SERIES TRUST
By (Signature and Title)* /S/ Mark A. Derby
Mark A. Derby, President & Co-Chairman
Date November 29, 2005
* Print the name and title of each signing officer under his or her signature.
THE DCM SERIES TRUST: DCM FUND |
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Investment Company Act file number: 811-09527 |
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July 1, 2004 - June 30, 2005 |
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Security Issuer
| Exchange Ticker | Cusip | Meeting Date | Subject Matter | Issuer or Shdr Proposal | Vote Cast | How | For or Against Mgmt.Recommendation |
BERKSHIRE HATHAWAY INC. | BRKB | 84610207 | 30-Apr-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) PROPOSED AMENDMENT OF THE CORP'S RESTATED CERTIFICATE OF INCORPORATION THAT WOULD ADD TO THE VOTING RIGHTS OF HOLDERS OR CLASS B COMMON STOCK IN CERTAIN SITUATIONS. | ISSUER | Yes | For | For | |
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| 3) PROPOSED AMENDMENT OF THE CORP'S RESTATED CERTIFICATION OF INCORPORATION THAT WOULD CLARIFY THE RIGHTS OF HOLDERS OF CLASS B COMMON STOCK IN A STOCK SPLIT OR STOCK DIVIDEND. | ISSUER | Yes | For | For |
CENDANT CORPORATION | CD | 151313103 | 26-Apr-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For* | For* |
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| 2) TO VERIFY AND APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2005. | ISSUER | Yes | For | For | |
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| 3) TO APPROVE AN AMENDMENT TO THE CEDANT AMENDED AND RESTATED 1999 NON-EMPLOYEE DIRECTORS DEFERRED COMPENSATION PLAN. | ISSUER | Yes | For | For | |
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| 4) TO APPROVE THE CEDANT 2005 UK SHARE INCENTIVE PLAN. | ISSUER | Yes | For | For | |
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| 5) STOCKHOLDER PROPOSAL REGARDING CHIEF EXECUTIVE OFFICER COMPENSATION. | SHAREHOLDER | Yes | Against | For | |
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| 6) STOCKHOLDER PROPOSAL REGARDING SEVERANCE AGREEMENTS. | SHAREHOLDER | Yes | Against | For |
CITIGROUP, INC. | C | 172967101 | 19-Apr-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS CITIGROUPS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005. | ISSUER | Yes | For | For | |
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| 3) PROPOSAL TO APPROVE THE AMENDED AND RESTATED CITIGROUP 1999 STOCK INCENTIVE PLAN. THE BOARD OF DIRECTORS RECOMMENDS A VOTE AGAINST PROPOSALS 4-10. | ISSUER | Yes | For | For | |
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| 4) STOCKHOLDER PROPOSAL REQUESTING A CURB ON EXECUTIVE COMPENSATION. NO FUTURE STOCK OPTION GRANTS AND NO RENEWALS OR EXTENSIONS OF OPTION PLANS. | SHAREHOLDER | Yes | Against | For | |
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| 5) STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS. | SHAREHOLDER | Yes | For | Against | |
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| 6) STOCKHOLDER PROPOSAL REQUESTING THAT THE CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT DUTIES, TITLES OR RESPONSIBILITIES. | SHAREHOLDER | Yes | Against | For | |
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| 7) STOCKHOLDER PROPOSAL REQUESTING THAT CEO COMPENSATION BE LIMITED TO NO MORE THAN 100 TIMES THE AVERAGE COMPENSATION PAID TO THE COMPANY'S NON-MANAGERIAL WORKERS UNLESS PRIOR STOCKHOLDER APPROVAL IS GRANTED. | SHAREHOLDER | Yes | Against | For | |
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| 8) STOCKHOLDER PROPOSAL REQUESTING ELECTION OF DIRECTOR NOMINEES BY A MAJORITY OF VOTES CAST. | SHAREHOLDER | Yes | Against | For | |
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| 9) STOCKHOLDER PROPOSAL REQUESTING A BY-LAW AMENDMENT PROHIBITING THE PAYMENT OF NON-DEDUCTIBLE COMPENSATION TO ANY OFFICER UNLESS PROR STOCKHOLDER APPROVAL IS GRANTED. | SHAREHOLDER | Yes | Against | For | |
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| 10) STOCKHOLDER PROPOSAL REQUESTING THAT A SIMPLE MAJORITY OF VOTE APPLY ON EACH ISSUE THAT CAN BE SUBJECT TO A SHAREHOLDER VOTE. | SHAREHOLDER | Yes | Against | For |
COCA-COLA FEMSA, S.A. DE C.V. | KOF | 191241108 | 8-Mar-05 | 4) ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS AND EXAMINERS FOR THE FISCAL YEAR, AND RESOLUTION WITH RESPECT TO THEIR RENUMERATION. | ISSUER | No** | NA | NA |
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| 6) SPECIAL APPROVAL OF THE SERIES "L" SHARHEOLDERS NOT TO CANCEL THE 98'684,857 SERIES "L" SHARES, ISSUED BY THE GENERAL EXTRAORDINARY MEETING DATED AS OF DECEMBER 20, 2002, WHICH WERE NOT SUBSCRIBED BY THE SERIES 'L' HOLDERS IN EXERCISE OF THEIR PRE-EMPTIVE RIGHTS, AS MORE FULLY DESCRIBED IN THE AGENDA. | ISSUER | No** | NA | NA |
CONOCOPHILLIPS | COP | 20825C104 | 5-May-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) RATIFICATION OF APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2005. | ISSUER | Yes | For | For | |
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| 3) COMPENSATION LIMITATIONS | SHAREHOLDER | Yes | Against | For | |
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| 4) DIRECTOR ELECTION VOTE STANDARD | SHAREHOLDER | Yes | Against | For |
D.R. HORTON, INC. | DHI | 23331A | 27-Jan-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) AMENDMENT TO THE D.R. HORTON, INC. 1991 STOCK INCENTIVE PLAN. | ISSUER | Yes | For | For | |
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| 3) IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON OTHER BUSINESS PROPERLY BROUGHT BEFORE THE MEETING OR ANY ADJOURNMENT. | ISSUER | Yes | For | For |
GANNETT CO., INC. | GCI | 364730101 | 14-Apr-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) PROPOSAL TO RATIFY ERNST & YOUNG LLP AS THE COMPANY'S AUDITORS. | ISSUER | Yes | For | For | |
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| 3) SHAREHOLDER PROPOSAL CONCERNING PERFORMANCE-BASED OPTIONS. | SHAREHOLDER | Yes | Against | For | |
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| 4) SHAREHOLDER PROPOSAL CONCERNING ELECTION MAJORITY VOTE STANDARD. | SHAREHOLDER | Yes | Against | For |
H&R BLOCK, INC. | HRB | 937671105 | 8-Sep-04 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) THE APPROVAL OF AN AMENDMENT TO THE COMPANY'S ARTICLES OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK, WITHOUT PAR VALUE, FROM 500,000,000 TO 800,000,000 SHARES. | ISSUER | Yes | For | For | |
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| 3) THE APPROVAL OF AN AMENDMENT TO THE 1989 STOCK OPTION PLAN FOR OUTSIDE DIRECTORS TO EXTEND THE PLAN FOR FIVE YEARS, SUCH THAT IT WILL TERMINATE, UNLESS FURTHER EXTENDED, ON DECEMBER 5, 2009. | ISSUER | Yes | For | For | |
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| 4) THE APPROVAL OF AMENDMENTS TO THE 1999 STOCK OPTION PLAN FOR SEASONAL EMPLOYEES TO (I) EXTEND THE PLAN FOR TWO YEATS, SUCH THAT IT WILL TERMINATE, UNLESS FURTHER EXTENDED, ON DECEMBER 31, 2006 AND (II) INCREASE THE AGGREGATE NUMBER OF SHARES OF COMMON STOCK ISSUABLE UNDER THE PLAN FROM 20,000,000 TO 23,000,000. | ISSUER | Yes | For | For | |
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| 5) RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT ACCOUNTANTS FOR THE YEAR ENDING APRIL 30, 2005. | ISSUER | Yes | For | For |
HILB, ROGAL AND HOBBS COMPANY | HRH | 431294107 | 3-May-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) RATIFICATION OF THE APPOINTMENT ERNST & YOUNG LLP AS INDEPENDENT AUDITORS OF THE COMPANY'S 2005 FINANCIAL STATEMENTS. | ISSUER | Yes | For | For |
JOHNSON CONTROLS, INC. | JCI | 478366107 | 26-Jan-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) APPROVAL OF PRICEWATERHOUSECOOPERS AS INDEPENDENT AUDITORS FOR 2005. | ISSUER | Yes | For | For |
KINDER MORGAN, INC. | KMI | 49455P101 | 10-May-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) BOARD PROPOSAL TO AMEND OUR RESTATED ARTICLES OF INCORPORATION TO INCREASE OUR AUTHORIZED COMMON STOCK, PAR VALUE $5.00 PER SHARE, FROM 150,000,000 SHARES TO 300,000,000 SHARES. | ISSUER | Yes | For | For | |
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| 3) BOARD PROPOSAL TO APPROVE OUR 2005 ANNUAL INCENTIVE PLAN. | ISSUER | Yes | For | For | |
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| 4) BOARD PROPOSAL TO APPROVE OUR NON-EMPLOYEE DIRECTORS STOCK AWARDS PLAN. | ISSUER | Yes | For | For | |
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| 5) BOARD PROPOSAL TO RATIFY AND APPROVE THE SELECTION O PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTANT FIRM FOR 2005. | ISSUER | Yes | For | For |
NUVEEN PREFERED & CONVERTIBLE INCOME | JQC | 67073D201 | 17-Nov-04 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | No | NA | NA |
PFIZER INC. | PFE | 717081 | 28-Apr-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) A PROPOSAL TO APPROVE THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2004. | ISSUER | Yes | For | For | |
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| 3) SHAREHOLDER PROPOSAL RELATING TO TERM LIMITS FOR DIRECTORS. | SHAREHOLDER | Yes | Against | For | |
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| 4) SHAREHOLDER PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER PRODUCTS. | SHAREHOLDER | Yes | Against | For | |
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| 5) SHAREHOLDER PROPOSAL RELATING TO IMPORTATION OF PRESCRIPTION DRUGS. | SHAREHOLDER | Yes | Against | For | |
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| 6) SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS. | SHAREHOLDER | Yes | Against | For | |
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| 7) SHAREHOLDER PROPOSAL RELATING TO PRODUCT AVAILABILITY IN CANADA. | SHAREHOLDER | Yes | Against | For | |
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| 8) SHAREHOLDER PROPOSAL RELATING TO THE SEPARATION OF THE ROLES OF CHAIR AND CEO AND ACCESS TO PHARMACEUTICAL PRODUCTS. | SHAREHOLDER | Yes | Against | For |
PIMCO HIGH INCOME FUND | PHK | 7220014206 | 9-Sep-04 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
RENT-A-CENTER, INC. | RCII | 76009N100 | 18-May-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
THE BYSIS GROUP, INC. | BSG | 55472104 | 11-Nov-04 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) THE PROPOSAL TO APPROVE THE COMPANY'S 2005 EMPLOYEE STOCK PURCHASE PLAN. | ISSUER | Yes | For | For | |
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| 3) THE PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AUDITORS OF THE COMPANY FOR THE FISCAL YEAR ENDING JUNE 30, 2005. | ISSUER | Yes | For | For |
THE HOME DEPOT, INC. | HD | 437076102 | 26-May-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) COMPANY PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2005. | ISSUER | Yes | For | For | |
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| 3) COMPANY PROPOSAL TO AMEND THE SIXTH ARTICLE OF THE COMPANY'S CERTIFICATE OF INCORPORATION. | ISSUER | Yes | For | For | |
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| 4) COMPANY PROPOSAL TO APPROVE THE HOME DEPOT, INC. 2005 OMNIBUS STOCK INCENTIVE PLAN. | ISSUER | Yes | For | For | |
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| 5) STOCKHOLDER PROPOSAL REGARDING EMPLOYMENT DIVERSITY REPORT DISCLOSURE. | SHAREHOLDER | Yes | Against | For | |
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| 6) STOCKHOLDER PROPOSAL REGARDING METHOD OF VOTING. | SHAREHOLDER | Yes | Against | For | |
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| 7) STOCKHOLDER PROPOSAL REGARDING NONDEDUCTIBLE COMPENSATION. | SHAREHOLDER | Yes | Against | For | |
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| 8) STOCKHOLDER PROPOSAL REGARDING FUTURE SEVERANCE AGREEMENTS. | SHAREHOLDER | Yes | Against | For | |
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| 9) STOCKHOLDER PROPOSAL REGARDING PERFORMANCE AND TIME-BASED RESTRICTED SHARES. | SHAREHOLDER | Yes | Against | For | |
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| 10) STOCKHOLDER PROPOSAL REGARDING PERFORMANCE-BASED OPTIONS. | SHAREHOLDER | Yes | Against | For | |
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| 11) STOCKHOLDER PROPOSAL REGARDING POLITICAL NONPARTISANSHIP. | SHAREHOLDER | Yes | Against | For |
WASHINGTON MUTUAL, INC. | WAMUO | 939322 | 19-Apr-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR 2005 | ISSUER | Yes | For | For |
WELLS FARGO & COMPANY | WFC | 949746 | 26-Apr-05 | 1) ANNUAL DIRECTOR ELECTIONS | ISSUER | Yes | For | For |
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| 2) PROPOSAL TO APPROVE THE COMPANY'S AMENDED AND RESTATED LONG-TERM INCENTIVE COMPENSATION PLAN. | ISSUER | Yes | For | For | |
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| 3) PROPOSAL TO RATIFY APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2005. | ISSUER | Yes | For | For | |
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| 4) STOCKHOLDER PROPOSAL REGARDING PAYDAY LENDING. | SHAREHOLDER | Yes | Against | For | |
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| 5) STOCKHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND PREDATORY LENDING. | SHAREHOLDER | Yes | Against | For | |
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| 6) STOCKHOLDER PROPOSAL REGARDING PERFORMANCE SHARES. | SHAREHOLDER | Yes | Against | For | |
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| 7) STOCKHOLDER PROPOSAL REGARDING CHIEF EXECUTIVE OFFICER COMPENSATION. | SHAREHOLDER | Yes | Against | For | |
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| 8) STOCKHOLDER PROPOSAL REGARDING SEPARATION OF BOARD CHAIR AND CEO POSITIONS. | SHAREHOLDER | Yes | Against | For |
* - IN THE CASE OF CEDENT CORPORATION'S ANNUAL DIRECTORS ELECTIONS, THERE WAS ONE EXCEPTION MADE FOR DIRECTOR ROBERT E. NEDERLANDER | ||||||||
(THE VOTE WAS WITHHELD AND AGAINST MANAGEMENT). | ||||||||
** - SHAREHOLDERS HOLDING KOF ADS HAVE LIMITED VOTING RIGHTS. | ||||||||