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: 811-10085
Hillman Capital Management Investment Trust
(Exact name of registrant as specified in charter)
116 South Franklin Street, Post Office Box 69, Rocky Mount, North Carolina 27802
(Address of principal executive offices) (Zip code)
A. Vason Hamrick
116 South Franklin Street, Post Office Box 69, Rocky Mount, North Carolina 27802
(Name and address of agent for service)
Registrant's telephone number, including area code: 252-972-9922
Date of fiscal year end: September 30
Date of reporting period: July 1, 2011 - June 30, 2012
PROXY VOTING RECORDS
HILLMAN FOCUSED ADVANTAGE FUND
| | ORACLE CORPORATION | | | | | | | | | | |
| | Security | | | 68389X105 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | ORCL | | | | | Meeting Date | | | 12-Oct-2011 |
| | ISIN | | | | US68389X1054 | | | | | Agenda | | | | 933499813 - Management |
| | Record Date | | | 15-Aug-2011 | | | | | Holding Recon Date | | | 15-Aug-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 11-Oct-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1 | DIRECTOR | | | | | | Management | | | | |
| | | | 1 | JEFFREY S. BERG | | | | | For | | For | |
| | | | 2 | H. RAYMOND BINGHAM | | | | For | | For | |
| | | | 3 | MICHAEL J. BOSKIN | | | | For | | For | |
| | | | 4 | SAFRA A. CATZ | | | | | | For | | For | |
| | | | 5 | BRUCE R. CHIZEN | | | | | For | | For | |
| | | | 6 | GEORGE H. CONRADES | | | | For | | For | |
| | | | 7 | LAWRENCE J. ELLISON | | | | For | | For | |
| | | | 8 | HECTOR GARCIA-MOLINA | | | | For | | For | |
| | | | 9 | JEFFREY O. HENLEY | | | | For | | For | |
| | | | 10 | MARK V. HURD | | | | | | For | | For | |
| | | | 11 | DONALD L. LUCAS | | | | | For | | For | |
| | | | 12 | NAOMI O. SELIGMAN | | | | For | | For | |
| | 2 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | For | | For | |
| | 3 | ADVISORY VOTE ON THE FREQUENCY OF FUTURE VOTES RELATING TO EXECUTIVE COMPENSATION. | Management | 1 Year | | | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 4 | PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG AS THE INDEPENDENT PUBLIC ACCOUNTING FIRM FOR FISCAL 2012. | Management | For | | For | |
| | 5 | ACT ON A STOCKHOLDER PROPOSAL REGARDING EQUITY RETENTION. | Shareholder | | Against | | For | |
| | MICROSOFT CORPORATION | | | | | | | | | |
| | Security | | | 594918104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | MSFT | | | | | Meeting Date | | | 15-Nov-2011 |
| | ISIN | | | | US5949181045 | | | | | Agenda | | | | 933510706 - Management |
| | Record Date | | | 02-Sep-2011 | | | | | Holding Recon Date | | | 02-Sep-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 14-Nov-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1 | ELECTION OF DIRECTOR: STEVEN A. BALLMER | Management | For | | For | |
| | 2 | ELECTION OF DIRECTOR: DINA DUBLON | | Management | For | | For | |
| | 3 | ELECTION OF DIRECTOR: WILLIAM H. GATES III | Management | For | | For | |
| | 4 | ELECTION OF DIRECTOR: RAYMOND V. GILMARTIN | Management | For | | For | |
| | 5 | ELECTION OF DIRECTOR: REED HASTINGS | | Management | For | | For | |
| | 6 | ELECTION OF DIRECTOR: MARIA M. KLAWE | | Management | For | | For | |
| | 7 | ELECTION OF DIRECTOR: DAVID F. MARQUARDT | Management | For | | For | |
| | 8 | ELECTION OF DIRECTOR: CHARLES H. NOSKI | | Management | For | | For | |
| | 9 | ELECTION OF DIRECTOR: HELMUT PANKE | | Management | For | | For | |
| | 10 | ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION. | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 11 | ADVISORY VOTE ON FREQUENCY OF ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION. | Management | 1 Year | | For | |
| | 12 | RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITOR. | Management | For | | For | |
| | 13 | SHAREHOLDER PROPOSAL 1. ESTABLISHMENT OF A BOARD COMMITTEE ON ENVIRONMENTAL SUSTAINABILITY. | Shareholder | | Against | | For | |
| | CISCO SYSTEMS, INC. | | | | | | | | | | |
| | Security | | | 17275R102 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | CSCO | | | | | Meeting Date | | | 07-Dec-2011 |
| | ISIN | | | | US17275R1023 | | | | Agenda | | | | 933516885 - Management |
| | Record Date | | | 10-Oct-2011 | | | | | Holding Recon Date | | | 10-Oct-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 06-Dec-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: CAROL A. BARTZ | | Management | For | | For | |
| | 1B | ELECTION OF DIRECTOR: M. MICHELE BURNS | Management | For | | For | |
| | 1C | ELECTION OF DIRECTOR: MICHAEL D. CAPELLAS | Management | For | | For | |
| | 1D | ELECTION OF DIRECTOR: LARRY R. CARTER | | Management | For | | For | |
| | 1E | ELECTION OF DIRECTOR: JOHN T. CHAMBERS | Management | For | | For | |
| | 1F | ELECTION OF DIRECTOR: BRIAN L. HALLA | | Management | For | | For | |
| | 1G | ELECTION OF DIRECTOR: DR. JOHN L. HENNESSY | Management | For | | For | |
| | 1H | ELECTION OF DIRECTOR: RICHARD M. KOVACEVICH | Management | For | | For | |
| | 1I | ELECTION OF DIRECTOR: RODERICK C. MCGEARY | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 1J | ELECTION OF DIRECTOR: ARUN SARIN | | Management | For | | For | |
| | 1K | ELECTION OF DIRECTOR: STEVEN M. WEST | | Management | For | | For | |
| | 1L | ELECTION OF DIRECTOR: JERRY YANG | | Management | For | | For | |
| | 2 | APPROVAL OF AMENDMENT AND RESTATEMENT OF THE CISCO 2005 STOCK INCENTIVE PLAN. | Management | For | | For | |
| | 3 | APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION. | Management | For | | For | |
| | 4 | RECOMMENDATION, ON AN ADVISORY BASIS, ON THE FREQUENCY OF EXECUTIVE COMPENSATION VOTES. | Management | 1 Year | | For | |
| | 5 | RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS CISCO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2012. | Management | For | | For | |
| | 6 | APPROVAL TO AMEND CISCO'S BYLAWS TO ESTABLISH A BOARD COMMITTEE ON ENVIRONMENTAL SUSTAINABILITY. | Shareholder | | Against | | For | |
| | 7 | APPROVAL TO REQUIRE THE BOARD TO PUBLISH INTERNET FRAGMENTATION REPORT TO SHAREHOLDERS WITHIN SIX MONTHS. | Shareholder | | For | | Against | |
| | 8 | APPROVAL TO REQUIRE THAT CISCO EXECUTIVES RETAIN A SIGNIFICANT PERCENTAGE OF STOCK UNTIL TWO YEARS FOLLOWING TERMINATION. | Shareholder | | Against | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | APPLE INC. | | | | | | | | | | | | |
| | Security | | | 037833100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | AAPL | | | | | Meeting Date | | | 23-Feb-2012 |
| | ISIN | | | | US0378331005 | | | | | Agenda | | | | 933542474 - Management |
| | Record Date | | | 27-Dec-2011 | | | | | Holding Recon Date | | | 27-Dec-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 22-Feb-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1 | DIRECTOR | | | | | | Management | | | | |
| | | | 1 | WILLIAM V. CAMPBELL | | | | For | | For | |
| | | | 2 | TIMOTHY D. COOK | | | | | For | | For | |
| | | | 3 | MILLARD S. DREXLER | | | | For | | For | |
| | | | 4 | AL GORE | | | | | | For | | For | |
| | | | 5 | ROBERT A. IGER | | | | | For | | For | |
| | | | 6 | ANDREA JUNG | | | | | | For | | For | |
| | | | 7 | ARTHUR D. LEVINSON | | | | For | | For | |
| | | | 8 | RONALD D. SUGAR | | | | | For | | For | |
| | 2 | RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | For | | For | |
| | 3 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | For | | For | |
| | 04 | A SHAREHOLDER PROPOSAL ENTITLED "CONFLICT OF INTEREST REPORT" | Shareholder | | Against | | For | |
| | 05 | A SHAREHOLDER PROPOSAL ENTITLED "SHAREHOLDER SAY ON DIRECTOR PAY" | Shareholder | | Against | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 06 | A SHAREHOLDER PROPOSAL ENTITLED "REPORT ON POLITICAL CONTRIBUTIONS AND EXPENDITURES" | Shareholder | | For | | Against | |
| | 07 | A SHAREHOLDER PROPOSAL ENTITLED "ADOPT A MAJORITY VOTING STANDARD FOR DIRECTOR ELECTIONS" | Shareholder | | For | | Against | |
| | HEWLETT-PACKARD COMPANY | | | | | | | | | |
| | Security | | | 428236103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | HPQ | | | | | Meeting Date | | | 21-Mar-2012 |
| | ISIN | | | | US4282361033 | | | | | Agenda | | | | 933549834 - Management |
| | Record Date | | | 23-Jan-2012 | | | | | Holding Recon Date | | | 23-Jan-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 20-Mar-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: M. L. ANDREESSEN | Management | For | | For | |
| | 1B | ELECTION OF DIRECTOR: S. BANERJI | | Management | For | | For | |
| | 1C | ELECTION OF DIRECTOR: R. L. GUPTA | | Management | For | | For | |
| | 1D | ELECTION OF DIRECTOR: J. H. HAMMERGREN | Management | For | | For | |
| | 1E | ELECTION OF DIRECTOR: R. J. LANE | | Management | For | | For | |
| | 1F | ELECTION OF DIRECTOR: A. M. LIVERMORE | | Management | For | | For | |
| | 1G | ELECTION OF DIRECTOR: G. M. REINER | | Management | For | | For | |
| | 1H | ELECTION OF DIRECTOR: P. F. RUSSO | | Management | For | | For | |
| | 1I | ELECTION OF DIRECTOR: G. K. THOMPSON | | Management | For | | For | |
| | 1J | ELECTION OF DIRECTOR: M. C. WHITMAN | | Management | For | | For | |
| | 1K | ELECTION OF DIRECTOR: R. V. WHITWORTH | | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 2 | RATIFICATION OF THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING OCTOBER 31, 2012. | Management | For | | For | |
| | 3 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | Against | | Against | |
| | 4 | STOCKHOLDER PROPOSAL ENTITLED "EXECUTIVES TO RETAIN SIGNIFICANT STOCK." | Shareholder | | Against | | For | |
| | TEXAS INSTRUMENTS INCORPORATED | | | | | | | |
| | Security | | | 882508104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | TXN | | | | | Meeting Date | | | 19-Apr-2012 |
| | ISIN | | | | US8825081040 | | | | | Agenda | | | | 933556245 - Management |
| | Record Date | | | 21-Feb-2012 | | | | | Holding Recon Date | | | 21-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 18-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: R.W. BABB, JR. | | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: D.A. CARP | | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: C.S. COX | | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: P.H. PATSLEY | | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: R.E. SANCHEZ | | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: W.R. SANDERS | | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: R.J. SIMMONS | | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: R.K. TEMPLETON | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: C.T. WHITMAN | | Management | For | | For | |
| | 2. | BOARD PROPOSAL REGARDING ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION. | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 3. | BOARD PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | For | | For | |
| | E. I. DU PONT DE NEMOURS AND COMPANY | | | | | | | |
| | Security | | | 263534109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | DD | | | | | Meeting Date | | | 25-Apr-2012 |
| | ISIN | | | | US2635341090 | | | | | Agenda | | | | 933562731 - Management |
| | Record Date | | | 29-Feb-2012 | | | | | Holding Recon Date | | | 29-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 24-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: LAMBERTO ANDREOTTI | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: RICHARD H. BROWN | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: ROBERT A. BROWN | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: BERTRAND P. COLLOMB | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: CURTIS J. CRAWFORD | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: ALEXANDER M. CUTLER | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ELEUTHERE I. DU PONT | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: MARILLYN A. HEWSON | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: LOIS D. JULIBER | | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: ELLEN J. KULLMAN | | Management | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: LEE M. THOMAS | | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 2. | ON RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | | For | |
| | 3. | TO APPROVE, BY ADVISORY VOTE, EXECUTIVE COMPENSATION | Management | For | | For | |
| | 4. | ON INDEPENDENT CHAIR | | | | Shareholder | | For | | Against | |
| | 5. | ON EXECUTIVE COMPENSATION REPORT | | Shareholder | | Against | | For | |
| | GENERAL ELECTRIC COMPANY | | | | | | | | | |
| | Security | | | 369604103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | GE | | | | | Meeting Date | | | 25-Apr-2012 |
| | ISIN | | | | US3696041033 | | | | | Agenda | | | | 933564951 - Management |
| | Record Date | | | 27-Feb-2012 | | | | | Holding Recon Date | | | 27-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 24-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | A1 | ELECTION OF DIRECTOR: W. GEOFFREY BEATTIE | Management | For | | For | |
| | A2 | ELECTION OF DIRECTOR: JAMES I. CASH, JR. | | Management | For | | For | |
| | A3 | ELECTION OF DIRECTOR: ANN M. FUDGE | | Management | For | | For | |
| | A4 | ELECTION OF DIRECTOR: SUSAN HOCKFIELD | | Management | For | | For | |
| | A5 | ELECTION OF DIRECTOR: JEFFREY R. IMMELT | Management | For | | For | |
| | A6 | ELECTION OF DIRECTOR: ANDREA JUNG | | Management | For | | For | |
| | A7 | ELECTION OF DIRECTOR: ALAN G. (A.G.) LAFLEY | Management | For | | For | |
| | A8 | ELECTION OF DIRECTOR: ROBERT W. LANE | | Management | For | | For | |
| | A9 | ELECTION OF DIRECTOR: RALPH S. LARSEN | | Management | For | | For | |
| | A10 | ELECTION OF DIRECTOR: ROCHELLE B. LAZARUS | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | A11 | ELECTION OF DIRECTOR: JAMES J. MULVA | | Management | For | | For | |
| | A12 | ELECTION OF DIRECTOR: SAM NUNN | | Management | For | | For | |
| | A13 | ELECTION OF DIRECTOR: ROGER S. PENSKE | | Management | For | | For | |
| | A14 | ELECTION OF DIRECTOR: ROBERT J. SWIERINGA | Management | For | | For | |
| | A15 | ELECTION OF DIRECTOR: JAMES S. TISCH | | Management | For | | For | |
| | A16 | ELECTION OF DIRECTOR: DOUGLAS A. WARNER III | Management | For | | For | |
| | B1 | RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | | For | |
| | B2 | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION | Management | For | | For | |
| | B3 | APPROVAL OF AN AMENDMENT TO THE GE 2007 LONG-TERM INCENTIVE PLAN TO INCREASE THE NUMBER OF AUTHORIZED SHARES | Management | For | | For | |
| | B4 | APPROVAL OF THE MATERIAL TERMS OF SENIOR OFFICER PERFORMANCE GOALS | Management | For | | For | |
| | C1 | CUMULATIVE VOTING | | | | Shareholder | | Against | | For | |
| | C2 | NUCLEAR ACTIVITIES | | | | Shareholder | | Against | | For | |
| | C3 | INDEPENDENT BOARD CHAIRMAN | | Shareholder | | For | | Against | |
| | C4 | SHAREOWNER ACTION BY WRITTEN CONSENT | Shareholder | | For | | Against | |
HILLMAN FOCUSED ADVANTAGE FUND
| | PFIZER INC. | | | | | | | | | | | | |
| | Security | | | 717081103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | PFE | | | | | Meeting Date | | | 26-Apr-2012 |
| | ISIN | | | | US7170811035 | | | | | Agenda | | | | 933560472 - Management |
| | Record Date | | | 28-Feb-2012 | | | | | Holding Recon Date | | | 28-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 25-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: DENNIS A. AUSIELLO | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: M. ANTHONY BURNS | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: W. DON CORNWELL | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: FRANCES D. FERGUSSON | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: WILLIAM H. GRAY, III | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: HELEN H. HOBBS | | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: CONSTANCE J. HORNER | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: JAMES M. KILTS | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: GEORGE A. LORCH | | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: JOHN P. MASCOTTE | Management | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: SUZANNE NORA JOHNSON | Management | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: IAN C. READ | | Management | For | | For | |
| | 1M. | ELECTION OF DIRECTOR: STEPHEN W. SANGER | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 1N. | ELECTION OF DIRECTOR: MARC TESSIER- LAVIGNE | Management | For | | For | |
| | 2. | RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | For | | For | |
| | 3. | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION. | Management | For | | For | |
| | 4. | SHAREHOLDER PROPOSAL REGARDING PUBLICATION OF POLITICAL CONTRIBUTIONS. | Shareholder | | Against | | For | |
| | 5. | SHAREHOLDER PROPOSAL REGARDING ACTION BY WRITTEN CONSENT. | Shareholder | | For | | Against | |
| | 6. | SHAREHOLDER PROPOSAL REGARDING SPECIAL SHAREHOLDER MEETINGS. | Shareholder | | Against | | For | |
| | 7. | SHAREHOLDER PROPOSAL REGARDING ADVISORY VOTE ON DIRECTOR PAY. | Shareholder | | Against | | For | |
| | JOHNSON & JOHNSON | | | | | | | | | | |
| | Security | | | 478160104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | JNJ | | | | | Meeting Date | | | 26-Apr-2012 |
| | ISIN | | | | US4781601046 | | | | | Agenda | | | | 933562301 - Management |
| | Record Date | | | 28-Feb-2012 | | | | | Holding Recon Date | | | 28-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 25-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: MARY SUE COLEMAN | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: JAMES G. CULLEN | | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: IAN E.L. DAVIS | | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: ALEX GORSKY | | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: MICHAEL M.E. JOHNS | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 1F. | ELECTION OF DIRECTOR: SUSAN L. LINDQUIST | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ANNE M. MULCAHY | | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: LEO F. MULLIN | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: WILLIAM D. PEREZ | | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: CHARLES PRINCE | | Management | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: DAVID SATCHER | | Management | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: WILLIAM C. WELDON | Management | For | | For | |
| | 1M. | ELECTION OF DIRECTOR: RONALD A. WILLIAMS | Management | For | | For | |
| | 2. | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | Management | For | | For | |
| | 3. | APPROVAL OF THE COMPANY'S 2012 LONG- TERM INCENTIVE PLAN | Management | Against | | Against | |
| | 4. | RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012 | Management | For | | For | |
| | 5. | SHAREHOLDER PROPOSAL ON INDEPENDENT BOARD CHAIRMAN | Shareholder | | For | | Against | |
| | 6. | SHAREHOLDER PROPOSAL ON BINDING VOTE ON POLITICAL CONTRIBUTIONS | Shareholder | | Against | | For | |
| | 7. | SHAREHOLDER PROPOSAL ON ADOPTING NON-ANIMAL METHODS FOR TRAINING | Shareholder | | Against | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | THE BOEING COMPANY | | | | | | | | | |
| | Security | | | 097023105 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | BA | | | | | Meeting Date | | | 30-Apr-2012 |
| | ISIN | | | | US0970231058 | | | | | Agenda | | | | 933565977 - Management |
| | Record Date | | | 01-Mar-2012 | | | | | Holding Recon Date | | | 01-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 27-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: DAVID L. CALHOUN | | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: ARTHUR D. COLLINS, JR. | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: LINDA Z. COOK | | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: KENNETH M. DUBERSTEIN | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: EDMUND P. GIAMBASTIANI, JR. | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: LAWRENCE W. KELLNER | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: EDWARD M. LIDDY | | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: W. JAMES MCNERNEY, JR. | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: SUSAN C. SCHWAB | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: RONALD A. WILLIAMS | Management | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: MIKE S. ZAFIROVSKI | Management | For | | For | |
| | 2. | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION. | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 3. | RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITOR FOR 2012. | Management | For | | For | |
| | 4. | REPORT ON POLITICAL AND TRADE ASSOCIATION CONTRIBUTIONS. | Shareholder | | For | | Against | |
| | 5. | ACTION BY WRITTEN CONSENT. | | Shareholder | | For | | Against | |
| | 6. | RETENTION OF SIGNIFICANT STOCK BY FORMER EXECUTIVES. | Shareholder | | Against | | For | |
| | 7. | EXTRAORDINARY RETIREMENT BENEFITS. | | Shareholder | | Against | | For | |
| | AMERICAN EXPRESS COMPANY | | | | | | | | | |
| | Security | | | 025816109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | AXP | | | | | Meeting Date | | | 30-Apr-2012 |
| | ISIN | | | | US0258161092 | | | | | Agenda | | | | 933566094 - Management |
| | Record Date | | | 01-Mar-2012 | | | | | Holding Recon Date | | | 01-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 27-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | DIRECTOR | | | | | | Management | | | | |
| | | | 1 | C. BARSHEFSKY | | | | | For | | For | |
| | | | 2 | U.M. BURNS | | | | | | For | | For | |
| | | | 3 | K.I. CHENAULT | | | | | | For | | For | |
| | | | 4 | P. CHERNIN | | | | | | For | | For | |
| | | | 5 | T.J. LEONSIS | | | | | | For | | For | |
| | | | 6 | J. LESCHLY | | | | | | For | | For | |
| | | | 7 | R.C. LEVIN | | | | | | For | | For | |
| | | | 8 | R.A. MCGINN | | | | | | For | | For | |
| | | | 9 | E.D. MILLER | | | | | | For | | For | |
| | | | 10 | S.S REINEMUND | | | | | | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | | | 11 | R.D. WALTER | | | | | | For | | For | |
| | | | 12 | R.A. WILLIAMS | | | | | | For | | For | |
| | 2. | RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | For | | For | |
| | 3. | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION. | Management | For | | For | |
| | 4. | APPROVAL OF PERFORMANCE GOALS AND AWARD LIMITS UNDER 2007 INCENTIVE COMPENSATION PLAN. | Management | For | | For | |
| | 5. | SHAREHOLDER PROPOSAL RELATING TO CUMULATIVE VOTING FOR DIRECTORS. | Shareholder | | Against | | For | |
| | 6. | SHAREHOLDER PROPOSAL RELATING TO SEPARATION OF CHAIRMAN AND CEO ROLES. | Shareholder | | For | | Against | |
| | BANK OF AMERICA CORPORATION | | | | | | | | | |
| | Security | | | 060505104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | BAC | | | | | Meeting Date | | | 09-May-2012 |
| | ISIN | | | | US0605051046 | | | | | Agenda | | | | 933571665 - Management |
| | Record Date | | | 14-Mar-2012 | | | | | Holding Recon Date | | | 14-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 08-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: MUKESH D. AMBANI | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: SUSAN S. BIES | | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: FRANK P. BRAMBLE, SR. | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: VIRGIS W. COLBERT | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 1E. | ELECTION OF DIRECTOR: CHARLES K. GIFFORD | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: CHARLES O. HOLLIDAY, JR. | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: MONICA C. LOZANO | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: THOMAS J. MAY | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: BRIAN T. MOYNIHAN | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: DONALD E. POWELL | Management | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: CHARLES O. ROSSOTTI | Management | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: ROBERT W. SCULLY | Management | For | | For | |
| | 2. | AN ADVISORY (NON-BINDING) "SAY ON PAY" VOTE TO APPROVE EXECUTIVE COMPENSATION. | Management | For | | For | |
| | 3. | RATIFICATION OF THE APPOINTMENT OF THE REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM FOR 2012. | Management | For | | For | |
| | 4. | STOCKHOLDER PROPOSAL - DISCLOSURE OF GOVERNMENT EMPLOYMENT. | Shareholder | | Against | | For | |
| | 5. | STOCKHOLDER PROPOSAL - GRASSROOTS AND OTHER LOBBYING. | Shareholder | | For | | Against | |
| | 6. | STOCKHOLDER PROPOSAL - EXECUTIVES TO RETAIN SIGNIFICANT STOCK. | Shareholder | | Against | | For | |
| | 7. | STOCKHOLDER PROPOSAL - MORTGAGE SERVICING OPERATIONS. | Shareholder | | For | | Against | |
| | 8. | STOCKHOLDER PROPOSAL - PROHIBITION ON POLITICAL SPENDING. | Shareholder | | Against | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | JPMORGAN CHASE & CO. | | | | | | | | | |
| | Security | | | 46625H100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | JPM | | | | | Meeting Date | | | 15-May-2012 |
| | ISIN | | | | US46625H1005 | | | | Agenda | | | | 933581301 - Management |
| | Record Date | | | 16-Mar-2012 | | | | | Holding Recon Date | | | 16-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 14-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: JAMES A. BELL | | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: CRANDALL C. BOWLES | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: STEPHEN B. BURKE | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: DAVID M. COTE | | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: JAMES S. CROWN | | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: JAMES DIMON | | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: TIMOTHY P. FLYNN | | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: ELLEN V. FUTTER | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: LABAN P. JACKSON, JR. | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: LEE R. RAYMOND | | Management | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: WILLIAM C. WELDON | Management | For | | For | |
| | 2. | APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | For | | For | |
| | 3. | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION | Management | For | | For | |
| | 4. | POLITICAL NON-PARTISANSHIP | | | Shareholder | | Against | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 5. | INDEPENDENT DIRECTOR AS CHAIRMAN | | Shareholder | | For | | Against | |
| | 6. | LOAN SERVICING | | | | Shareholder | | Against | | For | |
| | 7. | CORPORATE POLITICAL CONTRIBUTIONS REPORT | Shareholder | | Against | | For | |
| | 8. | GENOCIDE-FREE INVESTING | | | Shareholder | | Against | | For | |
| | 9. | SHAREHOLDER ACTION BY WRITTEN CONSENT | Shareholder | | For | | Against | |
| | 10. | STOCK RETENTION | | | | Shareholder | | Against | | For | |
| | TRANSOCEAN, LTD. | | | | | | | | | | |
| | Security | | | H8817H100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | RIG | | | | | Meeting Date | | | 18-May-2012 |
| | ISIN | | | | CH0048265513 | | | | | Agenda | | | | 933591946 - Management |
| | Record Date | | | 21-Mar-2012 | | | | | Holding Recon Date | | | 21-Mar-2012 |
| | City / | Country | | | / | Switzerland | | | Vote Deadline Date | | | 17-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | APPROVAL OF THE 2011 ANNUAL REPORT, INCLUDING THE CONSOLIDATED FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2011 AND THE STATUTORY FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2011. | Management | For | | For | |
| | 2. | APPROPRIATION OF AVAILABLE EARNINGS FOR FISCAL YEAR 2011. | Management | For | | For | |
| | 3A. | ELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: GLYN BARKER | Management | For | | For | |
| | 3B. | ELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: VANESSA C.L. CHANG | Management | For | | For | |
| | 3C. | ELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: CHAD DEATON | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 3D. | REELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: EDWARD R. MULLER | Management | For | | For | |
| | 3E. | REELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: TAN EK KIA | Management | For | | For | |
| | 4. | APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2012 AND REELECTION OF ERNST & YOUNG LTD., ZURICH, AS THE COMPANY'S AUDITOR FOR A FURTHER ONE- YEAR TERM. | Management | For | | For | |
| | 5. | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | For | | For | |
| | THE WESTERN UNION COMPANY | | | | | | | | | |
| | Security | | | 959802109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | WU | | | | | Meeting Date | | | 23-May-2012 |
| | ISIN | | | | US9598021098 | | | | | Agenda | | | | 933582175 - Management |
| | Record Date | | | 26-Mar-2012 | | | | | Holding Recon Date | | | 26-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 22-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: RICHARD A. GOODMAN | Management | For | | For | |
| | 1B | ELECTION OF DIRECTOR: ROBERTO G. MENDOZA | Management | For | | For | |
| | 1C | ELECTION OF DIRECTOR: MICHAEL A. MILES, JR. | Management | For | | For | |
| | 2 | AMENDMENTS TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ELIMINATE CLASSIFICATION OF THE BOARD OF DIRECTORS | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 3 | RATIFICATION OF SELECTION OF AUDITORS | | Management | For | | For | |
| | 4 | ADVISORY VOTE ON EXECUTIVE COMPENSATION | Management | For | | For | |
| | 5 | APPROVAL OF MATERIAL TERMS OF THE EXPANDED PERFORMANCE MEASURES UNDER THE COMPANY'S 2006 LONG-TERM INCENTIVE PLAN | Management | For | | For | |
| | 6 | STOCKHOLDER PROPOSAL REGARDING STOCKHOLDER PROXY ACCESS | Shareholder | | Against | | For | |
| | 7 | STOCKHOLDER PROPOSAL REGARDING AN ADVISORY VOTE ON POLITICAL CONTRIBUTIONS | Shareholder | | Against | | For | |
| | THE GOLDMAN SACHS GROUP, INC. | | | | | | | | |
| | Security | | | 38141G104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | GS | | | | | Meeting Date | | | 24-May-2012 |
| | ISIN | | | | US38141G1040 | | | | Agenda | | | | 933600125 - Management |
| | Record Date | | | 26-Mar-2012 | | | | | Holding Recon Date | | | 26-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 23-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: LLOYD C. BLANKFEIN | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: M. MICHELE BURNS | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: GARY D. COHN | | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: CLAES DAHLBACK | | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: STEPHEN FRIEDMAN | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: WILLIAM W. GEORGE | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 1G. | ELECTION OF DIRECTOR: JAMES A. JOHNSON | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: LAKSHMI N. MITTAL | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: JAMES J. SCHIRO | | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: DEBORA L. SPAR | | Management | For | | For | |
| | 2. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (SAY ON PAY) | Management | For | | For | |
| | 3. | RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012 | Management | For | | For | |
| | 4. | SHAREHOLDER PROPOSAL REGARDING CUMULATIVE VOTING | Shareholder | | Against | | For | |
| | 5. | SHAREHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND LONG- TERM PERFORMANCE | Shareholder | | Against | | For | |
| | 6. | SHAREHOLDER PROPOSAL REGARDING REPORT ON LOBBYING EXPENDITURES | Shareholder | | Against | | For | |
| | EXXON MOBIL CORPORATION | | | | | | | | | |
| | Security | | | 30231G102 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | XOM | | | | | Meeting Date | | | 30-May-2012 |
| | ISIN | | | | US30231G1022 | | | | Agenda | | | | 933600086 - Management |
| | Record Date | | | 04-Apr-2012 | | | | | Holding Recon Date | | | 04-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 29-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | DIRECTOR | | | | | | Management | | | | |
| | | | 1 | M.J. BOSKIN | | | | | | For | | For | |
| | | | 2 | P. BRABECK-LETMATHE | | | | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | | | 3 | L.R. FAULKNER | | | | | | For | | For | |
| | | | 4 | J.S. FISHMAN | | | | | | For | | For | |
| | | | 5 | H.H. FORE | | | | | | For | | For | |
| | | | 6 | K.C. FRAZIER | | | | | | For | | For | |
| | | | 7 | W.W. GEORGE | | | | | | For | | For | |
| | | | 8 | S.J. PALMISANO | | | | | | For | | For | |
| | | | 9 | S.S REINEMUND | | | | | | For | | For | |
| | | | 10 | R.W. TILLERSON | | | | | | For | | For | |
| | | | 11 | E.E. WHITACRE, JR. | | | | For | | For | |
| | 2. | RATIFICATION OF INDEPENDENT AUDITORS (PAGE 61) | Management | For | | For | |
| | 3. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (PAGE 62) | Management | For | | For | |
| | 4. | INDEPENDENT CHAIRMAN (PAGE 64) | | Shareholder | | For | | Against | |
| | 5. | MAJORITY VOTE FOR DIRECTORS (PAGE 65) | | Shareholder | | For | | Against | |
| | 6. | REPORT ON POLITICAL CONTRIBUTIONS (PAGE 66) | Shareholder | | Against | | For | |
| | 7. | AMENDMENT OF EEO POLICY (PAGE 67) | | Shareholder | | For | | Against | |
| | 8. | REPORT ON NATURAL GAS PRODUCTION (PAGE 69) | Shareholder | | Against | | For | |
| | 9. | GREENHOUSE GAS EMISSIONS GOALS (PAGE 71) | Shareholder | | Against | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | RAYTHEON COMPANY | | | | | | | | | | |
| | Security | | | 755111507 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | RTN | | | | | Meeting Date | | | 31-May-2012 |
| | ISIN | | | | US7551115071 | | | | | Agenda | | | | 933620343 - Management |
| | Record Date | | | 09-Apr-2012 | | | | | Holding Recon Date | | | 09-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 30-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: JAMES E. CARTWRIGHT | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: VERNON E. CLARK | | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: JOHN M. DEUTCH | | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: STEPHEN J. HADLEY | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: FREDERIC M. POSES | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: MICHAEL C. RUETTGERS | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: RONALD L. SKATES | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: WILLIAM R. SPIVEY | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: LINDA G. STUNTZ | | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: WILLIAM H. SWANSON | Management | For | | For | |
| | 2. | ADVISORY VOTE ON EXECUTIVE COMPENSATION | Management | For | | For | |
| | 3. | RATIFICATION OF INDEPENDENT AUDITORS | | Management | For | | For | |
| | 4. | SHAREHOLDER PROPOSAL REGARDING EXECUTIVE STOCK RETENTION | Shareholder | | Against | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 5. | SHAREHOLDER PROPOSAL REGARDING SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS | Shareholder | | Against | | For | |
| | 6. | SHAREHOLDER PROPOSAL REGARDING SHAREHOLDER ACTION BY WRITTEN CONSENT | Shareholder | | For | | Against | |
| | INGERSOLL-RAND PLC | | | | | | | | | | |
| | Security | | | G47791101 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | IR | | | | | Meeting Date | | | 07-Jun-2012 |
| | ISIN | | | | IE00B6330302 | | | | | Agenda | | | | 933612916 - Management |
| | Record Date | | | 09-Apr-2012 | | | | | Holding Recon Date | | | 09-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 06-Jun-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: A.C. BERZIN | | Management | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: J. BRUTON | | Management | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: J.L. COHON | | Management | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: G.D. FORSEE | | Management | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: P.C. GODSOE | | Management | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: E.E. HAGENLOCKER | Management | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: C.J. HORNER | | Management | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: M.W. LAMACH | | Management | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: T.E. MARTIN | | Management | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: R.J. SWIFT | | Management | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: T.L. WHITE | | Management | For | | For | |
| | 2. | ADVISORY APPROVAL OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS | Management | For | | For | |
HILLMAN FOCUSED ADVANTAGE FUND
| | 3. | APPROVAL OF THE APPOINTMENT OF INDEPENDENT AUDITORS AND AUTHORIZATION OF THE AUDIT COMMITTEE TO SET THE AUDITORS' REMUNERATION | Management | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | H.J. HEINZ COMPANY | | | | | | | | | | | |
| | Security | | | 423074103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | HNZ | | | | | Meeting Date | | | 30-Aug-2011 |
| | ISIN | | | | US4230741039 | | | | | Agenda | | | | 933486311 - Management |
| | Record Date | | | 01-Jun-2011 | | | | | Holding Recon Date | | | 01-Jun-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 29-Aug-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: W.R. JOHNSON | | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: C.E. BUNCH | | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: L.S. COLEMAN, JR. | | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: J.G. DROSDICK | | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: E.E. HOLIDAY | | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: C. KENDLE | | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: D.R. O'HARE | | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: N. PELTZ | | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: D.H. REILLEY | | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: L.C. SWANN | | Management | | For | | For | |
| | 1K | ELECTION OF DIRECTOR: T.J. USHER | | Management | | For | | For | |
| | 1L | ELECTION OF DIRECTOR: M.F. WEINSTEIN | | Management | | For | | For | |
| | 02 | RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | | For | | For | |
| | 03 | ADVISORY VOTE ON THE COMPANY'S EXECUTIVE COMPENSATION PROGRAM | Management | | For | | For | |
| | 04 | ADVISORY VOTE ON FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION | Management | | 1 Year | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | ORACLE CORPORATION | | | | | | | | | |
| | Security | | | 68389X105 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | ORCL | | | | | Meeting Date | | | 12-Oct-2011 |
| | ISIN | | | | US68389X1054 | | | | | Agenda | | | | 933499813 - Management |
| | Record Date | | | 15-Aug-2011 | | | | | Holding Recon Date | | | 15-Aug-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 11-Oct-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1 | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | JEFFREY S. BERG | | | | | For | | For | |
| | | | 2 | H. RAYMOND BINGHAM | | | | For | | For | |
| | | | 3 | MICHAEL J. BOSKIN | | | | For | | For | |
| | | | 4 | SAFRA A. CATZ | | | | | | For | | For | |
| | | | 5 | BRUCE R. CHIZEN | | | | | For | | For | |
| | | | 6 | GEORGE H. CONRADES | | | | For | | For | |
| | | | 7 | LAWRENCE J. ELLISON | | | | For | | For | |
| | | | 8 | HECTOR GARCIA-MOLINA | | | | For | | For | |
| | | | 9 | JEFFREY O. HENLEY | | | | For | | For | |
| | | | 10 | MARK V. HURD | | | | | | For | | For | |
| | | | 11 | DONALD L. LUCAS | | | | | For | | For | |
| | | | 12 | NAOMI O. SELIGMAN | | | | For | | For | |
| | 2 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 3 | ADVISORY VOTE ON THE FREQUENCY OF FUTURE VOTES RELATING TO EXECUTIVE COMPENSATION. | Management | | 1 Year | | | |
HILLMAN ADVANTAGE EQUITY FUND
| | 4 | PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG AS THE INDEPENDENT PUBLIC ACCOUNTING FIRM FOR FISCAL 2012. | Management | | For | | For | |
| | 5 | ACT ON A STOCKHOLDER PROPOSAL REGARDING EQUITY RETENTION. | Shareholder | | Against | | For | |
| | MICROSOFT CORPORATION | | | | | | | | | |
| | Security | | | 594918104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | MSFT | | | | | Meeting Date | | | 15-Nov-2011 |
| | ISIN | | | | US5949181045 | | | | | Agenda | | | | 933510706 - Management |
| | Record Date | | | 02-Sep-2011 | | | | | Holding Recon Date | | | 02-Sep-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 14-Nov-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1 | ELECTION OF DIRECTOR: STEVEN A. BALLMER | Management | | For | | For | |
| | 2 | ELECTION OF DIRECTOR: DINA DUBLON | | Management | | For | | For | |
| | 3 | ELECTION OF DIRECTOR: WILLIAM H. GATES III | Management | | For | | For | |
| | 4 | ELECTION OF DIRECTOR: RAYMOND V. GILMARTIN | Management | | For | | For | |
| | 5 | ELECTION OF DIRECTOR: REED HASTINGS | | Management | | For | | For | |
| | 6 | ELECTION OF DIRECTOR: MARIA M. KLAWE | | Management | | For | | For | |
| | 7 | ELECTION OF DIRECTOR: DAVID F. MARQUARDT | Management | | For | | For | |
| | 8 | ELECTION OF DIRECTOR: CHARLES H. NOSKI | | Management | | For | | For | |
| | 9 | ELECTION OF DIRECTOR: HELMUT PANKE | | Management | | For | | For | |
| | 10 | ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 11 | ADVISORY VOTE ON FREQUENCY OF ADVISORY VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION. | Management | | 1 Year | | For | |
| | 12 | RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITOR. | Management | | For | | For | |
| | 13 | SHAREHOLDER PROPOSAL 1. ESTABLISHMENT OF A BOARD COMMITTEE ON ENVIRONMENTAL SUSTAINABILITY. | Shareholder | | Against | | For | |
| | SYSCO CORPORATION | | | | | | | | | | |
| | Security | | | 871829107 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | SYY | | | | | Meeting Date | | | 16-Nov-2011 |
| | ISIN | | | | US8718291078 | | | | | Agenda | | | | 933511998 - Management |
| | Record Date | | | 19-Sep-2011 | | | | | Holding Recon Date | | | 19-Sep-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 15-Nov-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: JUDITH B. CRAVEN, M.D. | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: WILLIAM J. DELANEY | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: LARRY C. GLASSCOCK | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: RICHARD G. TILGHMAN | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 02 | TO APPROVE, BY NON-BINDING VOTE, THE COMPENSATION PAID TO SYSCO'S NAMED EXECUTIVE OFFICERS, AS DISCLOSED PURSUANT TO ITEM 402 OF REGULATION S- K, INCLUDING THE COMPENSATION DISCUSSION AND ANALYSIS, COMPENSATION TABLES AND NARRATIVE DISCUSSION. | Management | | For | | For | |
| | 03 | TO RECOMMEND, BY NON-BINDING VOTE, THE FREQUENCY WITH WHICH SYSCO WILL CONDUCT STOCKHOLDER ADVISORY VOTES ON EXECUTIVE COMPENSATION. | Management | | 1 Year | | For | |
| | 04 | TO APPROVE AN AMENDMENT TO SYSCO'S BYLAWS TO IMPLEMENT A STAGGERED DECLASSIFICATION OF THE BOARD OF DIRECTORS OVER A THREE-YEAR PERIOD BEGINNING WITH THE ELECTION OF THE CLASS II DIRECTORS FOR A ONE-YEAR TERM AT SYSCO'S 2012 ANNUAL MEETING OF STOCKHOLDERS. | Management | | For | | For | |
| | 05 | TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS SYSCO'S INDEPENDENT ACCOUNTANTS FOR FISCAL 2012. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | THE CLOROX COMPANY | | | | | | | | | |
| | Security | | | 189054109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | CLX | | | | | Meeting Date | | | 16-Nov-2011 |
| | ISIN | | | | US1890541097 | | | | | Agenda | | | | 933512712 - Management |
| | Record Date | | | 27-Sep-2011 | | | | | Holding Recon Date | | | 27-Sep-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 15-Nov-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: DANIEL BOGGAN, JR. | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: RICHARD H. CARMONA | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: TULLY M. FRIEDMAN | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: GEORGE J. HARAD | | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: DONALD R. KNAUSS | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: GARY G. MICHAEL | | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: EDWARD A. MUELLER | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: PAMELA THOMAS- GRAHAM | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: CAROLYN M. TICKNOR | Management | | For | | For | |
| | 02 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 03 | ADVISORY VOTE ON THE FREQUENCY OF THE SHAREHOLDER ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | 1 Year | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 04 | RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. | Management | | For | | For | |
| | 05 | STOCKHOLDER PROPOSAL ON INDEPENDENT CHAIRMAN. | Shareholder | | For | | Against | |
| | CAMPBELL SOUP COMPANY | | | | | | | | | |
| | Security | | | 134429109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | CPB | | | | | Meeting Date | | | 17-Nov-2011 |
| | ISIN | | | | US1344291091 | | | | | Agenda | | | | 933510958 - Management |
| | Record Date | | | 19-Sep-2011 | | | | | Holding Recon Date | | | 19-Sep-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 16-Nov-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 01 | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | EDMUND M. CARPENTER | | | | For | | For | |
| | | | 2 | PAUL R. CHARRON | | | | | For | | For | |
| | | | 3 | BENNETT DORRANCE | | | | For | | For | |
| | | | 4 | LAWRENCE C. KARLSON | | | | For | | For | |
| | | | 5 | RANDALL W. LARRIMORE | | | | For | | For | |
| | | | 6 | MARY ALICE D. MALONE | | | | For | | For | |
| | | | 7 | SARA MATHEW | | | | | | For | | For | |
| | | | 8 | DENISE M. MORRISON | | | | For | | For | |
| | | | 9 | WILLIAM D. PEREZ | | | | | For | | For | |
| | | | 10 | CHARLES R. PERRIN | | | | For | | For | |
| | | | 11 | A. BARRY RAND | | | | | | For | | For | |
| | | | 12 | NICK SHREIBER | | | | | | For | | For | |
| | | | 13 | TRACEY T. TRAVIS | | | | | For | | For | |
| | | | 14 | ARCHBOLD D. VAN BEUREN | | | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | | | 15 | LES C. VINNEY | | | | | | For | | For | |
| | | | 16 | CHARLOTTE C. WEBER | | | | For | | For | |
| | 02 | RATIFICATION OF APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. | Management | | For | | For | |
| | 03 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 04 | ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION. | Management | | 1 Year | | For | |
| | CISCO SYSTEMS, INC. | | | | | | | | | | |
| | Security | | | 17275R102 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | CSCO | | | | | Meeting Date | | | 07-Dec-2011 |
| | ISIN | | | | US17275R1023 | | | | Agenda | | | | 933516885 - Management |
| | Record Date | | | 10-Oct-2011 | | | | | Holding Recon Date | | | 10-Oct-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 06-Dec-2011 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: CAROL A. BARTZ | | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: M. MICHELE BURNS | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: MICHAEL D. CAPELLAS | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: LARRY R. CARTER | | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: JOHN T. CHAMBERS | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: BRIAN L. HALLA | | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: DR. JOHN L. HENNESSY | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1H | ELECTION OF DIRECTOR: RICHARD M. KOVACEVICH | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: RODERICK C. MCGEARY | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: ARUN SARIN | | Management | | For | | For | |
| | 1K | ELECTION OF DIRECTOR: STEVEN M. WEST | | Management | | For | | For | |
| | 1L | ELECTION OF DIRECTOR: JERRY YANG | | Management | | For | | For | |
| | 2 | APPROVAL OF AMENDMENT AND RESTATEMENT OF THE CISCO 2005 STOCK INCENTIVE PLAN. | Management | | For | | For | |
| | 3 | APPROVAL, ON AN ADVISORY BASIS, OF EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 4 | RECOMMENDATION, ON AN ADVISORY BASIS, ON THE FREQUENCY OF EXECUTIVE COMPENSATION VOTES. | Management | | 1 Year | | For | |
| | 5 | RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS CISCO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL 2012. | Management | | For | | For | |
| | 6 | APPROVAL TO AMEND CISCO'S BYLAWS TO ESTABLISH A BOARD COMMITTEE ON ENVIRONMENTAL SUSTAINABILITY. | Shareholder | | Against | | For | |
| | 7 | APPROVAL TO REQUIRE THE BOARD TO PUBLISH INTERNET FRAGMENTATION REPORT TO SHAREHOLDERS WITHIN SIX MONTHS. | Shareholder | | For | | Against | |
| | 8 | APPROVAL TO REQUIRE THAT CISCO EXECUTIVES RETAIN A SIGNIFICANT PERCENTAGE OF STOCK UNTIL TWO YEARS FOLLOWING TERMINATION. | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | VISA INC. | | | | | | | | | | | | |
| | Security | | | 92826C839 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | V | | | | | Meeting Date | | | 31-Jan-2012 |
| | ISIN | | | | US92826C8394 | | | | Agenda | | | | 933536205 - Management |
| | Record Date | | | 05-Dec-2011 | | | | | Holding Recon Date | | | 05-Dec-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 30-Jan-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: GARY P. COUGHLAN | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: MARY B. CRANSTON | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: FRANCISCO JAVIER FERNANDEZ-CARBAJAL | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: CATHY E. MINEHAN | | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: SUZANNE NORA JOHNSON | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: DAVID J. PANG | | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: JOSEPH W. SAUNDERS | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: WILLIAM S. SHANAHAN | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: JOHN A. SWAINSON | Management | | For | | For | |
| | 02 | TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 03 | TO APPROVE THE VISA INC. 2007 EQUITY INCENTIVE COMPENSATION PLAN, AS AMENDED AND RESTATED. | Management | | For | | For | |
| | 04 | TO RATIFY THE APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2012. | Management | | For | | For | |
| | BECTON, DICKINSON AND COMPANY | | | | | | | | |
| | Security | | | 075887109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | BDX | | | | | Meeting Date | | | 31-Jan-2012 |
| | ISIN | | | | US0758871091 | | | | | Agenda | | | | 933537411 - Management |
| | Record Date | | | 12-Dec-2011 | | | | | Holding Recon Date | | | 12-Dec-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 30-Jan-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: BASIL L. ANDERSON | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: HENRY P. BECTON, JR. | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: EDWARD F. DEGRAAN | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: VINCENT A. FORLENZA | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: CLAIRE M. FRASER-LIGGETT | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: CHRISTOPHER JONES | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: MARSHALL O. LARSEN | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: EDWARD J. LUDWIG | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1I | ELECTION OF DIRECTOR: ADEL A.F. MAHMOUD | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: GARY A. MECKLENBURG | Management | | For | | For | |
| | 1K | ELECTION OF DIRECTOR: JAMES F. ORR | | Management | | For | | For | |
| | 1L | ELECTION OF DIRECTOR: WILLARD J. OVERLOCK, JR. | Management | | For | | For | |
| | 1M | ELECTION OF DIRECTOR: BERTRAM L. SCOTT | Management | | For | | For | |
| | 1N | ELECTION OF DIRECTOR: ALFRED SOMMER | | Management | | For | | For | |
| | 02 | RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. | Management | | For | | For | |
| | 03 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 04 | CUMULATIVE VOTING. | | | | Shareholder | | Against | | For | |
| | APPLE INC. | | | | | | | | | | | | |
| | Security | | | 037833100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | AAPL | | | | | Meeting Date | | | 23-Feb-2012 |
| | ISIN | | | | US0378331005 | | | | | Agenda | | | | 933542474 - Management |
| | Record Date | | | 27-Dec-2011 | | | | | Holding Recon Date | | | 27-Dec-2011 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 22-Feb-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1 | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | WILLIAM V. CAMPBELL | | | | For | | For | |
| | | | 2 | TIMOTHY D. COOK | | | | | For | | For | |
| | | | 3 | MILLARD S. DREXLER | | | | For | | For | |
| | | | 4 | AL GORE | | | | | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | | | 5 | ROBERT A. IGER | | | | | For | | For | |
| | | | 6 | ANDREA JUNG | | | | | | For | | For | |
| | | | 7 | ARTHUR D. LEVINSON | | | | For | | For | |
| | | | 8 | RONALD D. SUGAR | | | | | For | | For | |
| | 2 | RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | | For | | For | |
| | 3 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 04 | A SHAREHOLDER PROPOSAL ENTITLED "CONFLICT OF INTEREST REPORT" | Shareholder | | Against | | For | |
| | 05 | A SHAREHOLDER PROPOSAL ENTITLED "SHAREHOLDER SAY ON DIRECTOR PAY" | Shareholder | | Against | | For | |
| | 06 | A SHAREHOLDER PROPOSAL ENTITLED "REPORT ON POLITICAL CONTRIBUTIONS AND EXPENDITURES" | Shareholder | | For | | Against | |
| | 07 | A SHAREHOLDER PROPOSAL ENTITLED "ADOPT A MAJORITY VOTING STANDARD FOR DIRECTOR ELECTIONS" | Shareholder | | For | | Against | |
| | THE WALT DISNEY COMPANY | | | | | | | | | |
| | Security | | | 254687106 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | DIS | | | | | Meeting Date | | | 13-Mar-2012 |
| | ISIN | | | | US2546871060 | | | | | Agenda | | | | 933546434 - Management |
| | Record Date | | | 13-Jan-2012 | | | | | Holding Recon Date | | | 13-Jan-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 12-Mar-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: SUSAN E. ARNOLD | | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: JOHN S. CHEN | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1C | ELECTION OF DIRECTOR: JUDITH L. ESTRIN | | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: ROBERT A. IGER | | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: FRED H. LANGHAMMER | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: AYLWIN B. LEWIS | | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: MONICA C. LOZANO | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: SHERYL K. SANDBERG | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: ORIN C. SMITH | | Management | | For | | For | |
| | 02 | TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S REGISTERED PUBLIC ACCOUNTANTS FOR 2012. | Management | | For | | For | |
| | 03 | TO APPROVE AN AMENDMENT TO THE 2011 STOCK INCENTIVE PLAN. | Management | | For | | For | |
| | 04 | TO APPROVE THE ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION. | Management | | Against | | Against | |
| | STARBUCKS CORPORATION | | | | | | | | | |
| | Security | | | 855244109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | SBUX | | | | | Meeting Date | | | 21-Mar-2012 |
| | ISIN | | | | US8552441094 | | | | | Agenda | | | | 933545280 - Management |
| | Record Date | | | 12-Jan-2012 | | | | | Holding Recon Date | | | 12-Jan-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 20-Mar-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: HOWARD SCHULTZ | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1B | ELECTION OF DIRECTOR: WILLIAM W. BRADLEY | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: MELLODY HOBSON | | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: KEVIN R. JOHNSON | | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: OLDEN LEE | | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: JOSHUA COOPER RAMO | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: JAMES G. SHENNAN, JR. | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: CLARA SHIH | | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: JAVIER G. TERUEL | | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: MYRON E. ULLMAN, III | Management | | For | | For | |
| | 1K | ELECTION OF DIRECTOR: CRAIG E. WEATHERUP | Management | | For | | For | |
| | 2 | APPROVAL OF THE ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION | Management | | For | | For | |
| | 3 | APPROVAL OF AN AMENDMENT AND RESTATEMENT OF THE EXECUTIVE MANAGEMENT BONUS PLAN. | Management | | For | | For | |
| | 4 | SELECTION OF DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR ENDING SEPTEMBER 30, 2012 | Management | | For | | For | |
| | 5 | SHAREHOLDER PROPOSAL REGARDING BOARD COMMITTEE ON SUSTAINABILITY | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | HEWLETT-PACKARD COMPANY | | | | | | | | | |
| | Security | | | 428236103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | HPQ | | | | | Meeting Date | | | 21-Mar-2012 |
| | ISIN | | | | US4282361033 | | | | | Agenda | | | | 933549834 - Management |
| | Record Date | | | 23-Jan-2012 | | | | | Holding Recon Date | | | 23-Jan-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 20-Mar-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: M. L. ANDREESSEN | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: S. BANERJI | | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: R. L. GUPTA | | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: J. H. HAMMERGREN | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: R. J. LANE | | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: A. M. LIVERMORE | | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: G. M. REINER | | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: P. F. RUSSO | | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: G. K. THOMPSON | | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: M. C. WHITMAN | | Management | | For | | For | |
| | 1K | ELECTION OF DIRECTOR: R. V. WHITWORTH | | Management | | For | | For | |
| | 2 | RATIFICATION OF THE APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING OCTOBER 31, 2012. | Management | | For | | For | |
| | 3 | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | Against | | Against | |
HILLMAN ADVANTAGE EQUITY FUND
| | 4 | STOCKHOLDER PROPOSAL ENTITLED "EXECUTIVES TO RETAIN SIGNIFICANT STOCK." | Shareholder | | Against | | For | |
| | TEXAS INSTRUMENTS INCORPORATED | | | | | | | |
| | Security | | | 882508104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | TXN | | | | | Meeting Date | | | 19-Apr-2012 |
| | ISIN | | | | US8825081040 | | | | | Agenda | | | | 933556245 - Management |
| | Record Date | | | 21-Feb-2012 | | | | | Holding Recon Date | | | 21-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 18-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: R.W. BABB, JR. | | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: D.A. CARP | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: C.S. COX | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: P.H. PATSLEY | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: R.E. SANCHEZ | | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: W.R. SANDERS | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: R.J. SIMMONS | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: R.K. TEMPLETON | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: C.T. WHITMAN | | Management | | For | | For | |
| | 2. | BOARD PROPOSAL REGARDING ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 3. | BOARD PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | HONEYWELL INTERNATIONAL INC. | | | | | | | | | |
| | Security | | | 438516106 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | HON | | | | | Meeting Date | | | 23-Apr-2012 |
| | ISIN | | | | US4385161066 | | | | | Agenda | | | | 933558631 - Management |
| | Record Date | | | 24-Feb-2012 | | | | | Holding Recon Date | | | 24-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 20-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: GORDON M. BETHUNE | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: KEVIN BURKE | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: JAIME CHICO PARDO | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: DAVID M. COTE | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: D. SCOTT DAVIS | | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: LINNET F. DEILY | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: JUDD GREGG | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: CLIVE R. HOLLICK | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: GEORGE PAZ | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: BRADLEY T. SHEARES | Management | | For | | For | |
| | 2. | APPROVAL OF INDEPENDENT ACCOUNTANTS. | Management | | For | | For | |
| | 3. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 4. | INDEPENDENT BOARD CHAIRMAN. | | Shareholder | | For | | Against | |
| | 5. | POLITICAL CONTRIBUTIONS. | | | | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | WELLS FARGO & COMPANY | | | | | | | | | |
| | Security | | | 949746101 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | WFC | | | | | Meeting Date | | | 24-Apr-2012 |
| | ISIN | | | | US9497461015 | | | | | Agenda | | | | 933560369 - Management |
| | Record Date | | | 24-Feb-2012 | | | | | Holding Recon Date | | | 24-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 23-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A) | ELECTION OF DIRECTOR: JOHN D. BAKER II | | Management | | For | | For | |
| | 1B) | ELECTION OF DIRECTOR: ELAINE L. CHAO | | Management | | For | | For | |
| | 1C) | ELECTION OF DIRECTOR: JOHN S. CHEN | | Management | | For | | For | |
| | 1D) | ELECTION OF DIRECTOR: LLOYD H. DEAN | | Management | | For | | For | |
| | 1E) | ELECTION OF DIRECTOR: SUSAN E. ENGEL | | Management | | For | | For | |
| | 1F) | ELECTION OF DIRECTOR: ENRIQUE HERNANDEZ, JR. | Management | | For | | For | |
| | 1G) | ELECTION OF DIRECTOR: DONALD M. JAMES | | Management | | For | | For | |
| | 1H) | ELECTION OF DIRECTOR: CYNTHIA H. MILLIGAN | Management | | For | | For | |
| | 1I) | ELECTION OF DIRECTOR: NICHOLAS G. MOORE | Management | | For | | For | |
| | 1J) | ELECTION OF DIRECTOR: FEDERICO F. PENA | | Management | | For | | For | |
| | 1K) | ELECTION OF DIRECTOR: PHILIP J. QUIGLEY | | Management | | For | | For | |
| | 1L) | ELECTION OF DIRECTOR: JUDITH M. RUNSTAD | Management | | For | | For | |
| | 1M) | ELECTION OF DIRECTOR: STEPHEN W. SANGER | Management | | For | | For | |
| | 1N) | ELECTION OF DIRECTOR: JOHN G. STUMPF | | Management | | For | | For | |
| | 1O) | ELECTION OF DIRECTOR: SUSAN G. SWENSON | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 2. | PROPOSAL TO APPROVE AN ADVISORY RESOLUTION TO APPROVE THE NAMED EXECUTIVES' COMPENSATION. | Management | | For | | For | |
| | 3. | PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2012. | Management | | For | | For | |
| | 4. | STOCKHOLDER PROPOSAL REGARDING THE ADOPTION OF A POLICY TO REQUIRE AN INDEPENDENT CHAIRMAN. | Shareholder | | For | | Against | |
| | 5. | STOCKHOLDER PROPOSAL TO PROVIDE FOR CUMULATIVE VOTING IN CONTESTED DIRECTOR ELECTIONS. | Shareholder | | For | | Against | |
| | 6. | STOCKHOLDER PROPOSAL TO AMEND THE COMPANY'S BY-LAWS TO ALLOW STOCKHOLDERS TO NOMINATE DIRECTOR CANDIDATES FOR INCLUSION IN THE COMPANY'S PROXY MATERIALS. | Shareholder | | For | | Against | |
| | 7. | STOCKHOLDER PROPOSAL REGARDING AN INVESTIGATION AND REPORT ON INTERNAL CONTROLS FOR MORTGAGE SERVICING OPERATIONS. | Shareholder | | Against | | For | |
| | INTERNATIONAL BUSINESS MACHINES CORP. | | | | | | | |
| | Security | | | 459200101 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | IBM | | | | | Meeting Date | | | 24-Apr-2012 |
| | ISIN | | | | US4592001014 | | | | | Agenda | | | | 933564204 - Management |
| | Record Date | | | 24-Feb-2012 | | | | | Holding Recon Date | | | 24-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 23-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: A. J. P. BELDA | | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: W. R. BRODY | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1C | ELECTION OF DIRECTOR: K. I. CHENAULT | | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: M. L. ESKEW | | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: D. N. FARR | | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: S. A. JACKSON | | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: A. N. LIVERIS | | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: W. J. MCNERNEY, JR. | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: J. W. OWENS | | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: S. J. PALMISANO | | Management | | For | | For | |
| | 1K | ELECTION OF DIRECTOR: V. M. ROMETTY | | Management | | For | | For | |
| | 1L | ELECTION OF DIRECTOR: J. E. SPERO | | Management | | For | | For | |
| | 1M | ELECTION OF DIRECTOR: S. TAUREL | | Management | | For | | For | |
| | 1N | ELECTION OF DIRECTOR: L. H. ZAMBRANO | | Management | | For | | For | |
| | 02 | RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PAGE 71) | Management | | For | | For | |
| | 03 | ADVISORY VOTE ON EXECUTIVE COMPENSATION (PAGE 72) | Management | | For | | For | |
| | 04 | STOCKHOLDER PROPOSAL ON CUMULATIVE VOTING (PAGE 73) | Shareholder | | Against | | For | |
| | 05 | STOCKHOLDER PROPOSAL TO REVIEW POLITICAL CONTRIBUTIONS - TRADE ASSOCIATIONS POLICY (PAGE 74) | Shareholder | | Against | | For | |
| | 06 | STOCKHOLDER PROPOSAL FOR DISCLOSURE OF LOBBYING POLICIES AND PRACTICES (PAGE 75) | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | E. I. DU PONT DE NEMOURS AND COMPANY | | | | | | | |
| | Security | | | 263534109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | DD | | | | | Meeting Date | | | 25-Apr-2012 |
| | ISIN | | | | US2635341090 | | | | | Agenda | | | | 933562731 - Management |
| | Record Date | | | 29-Feb-2012 | | | | | Holding Recon Date | | | 29-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 24-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: LAMBERTO ANDREOTTI | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: RICHARD H. BROWN | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: ROBERT A. BROWN | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: BERTRAND P. COLLOMB | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: CURTIS J. CRAWFORD | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: ALEXANDER M. CUTLER | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ELEUTHERE I. DU PONT | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: MARILLYN A. HEWSON | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: LOIS D. JULIBER | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: ELLEN J. KULLMAN | | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: LEE M. THOMAS | | Management | | For | | For | |
| | 2. | ON RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | | For | | For | |
| | 3. | TO APPROVE, BY ADVISORY VOTE, EXECUTIVE COMPENSATION | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 4. | ON INDEPENDENT CHAIR | | | | Shareholder | | For | | Against | |
| | 5. | ON EXECUTIVE COMPENSATION REPORT | | Shareholder | | Against | | For | |
| | GENERAL ELECTRIC COMPANY | | | | | | | | | |
| | Security | | | 369604103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | GE | | | | | Meeting Date | | | 25-Apr-2012 |
| | ISIN | | | | US3696041033 | | | | | Agenda | | | | 933564951 - Management |
| | Record Date | | | 27-Feb-2012 | | | | | Holding Recon Date | | | 27-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 24-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | A1 | ELECTION OF DIRECTOR: W. GEOFFREY BEATTIE | Management | | For | | For | |
| | A2 | ELECTION OF DIRECTOR: JAMES I. CASH, JR. | | Management | | For | | For | |
| | A3 | ELECTION OF DIRECTOR: ANN M. FUDGE | | Management | | For | | For | |
| | A4 | ELECTION OF DIRECTOR: SUSAN HOCKFIELD | | Management | | For | | For | |
| | A5 | ELECTION OF DIRECTOR: JEFFREY R. IMMELT | Management | | For | | For | |
| | A6 | ELECTION OF DIRECTOR: ANDREA JUNG | | Management | | For | | For | |
| | A7 | ELECTION OF DIRECTOR: ALAN G. (A.G.) LAFLEY | Management | | For | | For | |
| | A8 | ELECTION OF DIRECTOR: ROBERT W. LANE | | Management | | For | | For | |
| | A9 | ELECTION OF DIRECTOR: RALPH S. LARSEN | | Management | | For | | For | |
| | A10 | ELECTION OF DIRECTOR: ROCHELLE B. LAZARUS | Management | | For | | For | |
| | A11 | ELECTION OF DIRECTOR: JAMES J. MULVA | | Management | | For | | For | |
| | A12 | ELECTION OF DIRECTOR: SAM NUNN | | Management | | For | | For | |
| | A13 | ELECTION OF DIRECTOR: ROGER S. PENSKE | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | A14 | ELECTION OF DIRECTOR: ROBERT J. SWIERINGA | Management | | For | | For | |
| | A15 | ELECTION OF DIRECTOR: JAMES S. TISCH | | Management | | For | | For | |
| | A16 | ELECTION OF DIRECTOR: DOUGLAS A. WARNER III | Management | | For | | For | |
| | B1 | RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | | For | | For | |
| | B2 | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION | Management | | For | | For | |
| | B3 | APPROVAL OF AN AMENDMENT TO THE GE 2007 LONG-TERM INCENTIVE PLAN TO INCREASE THE NUMBER OF AUTHORIZED SHARES | Management | | For | | For | |
| | B4 | APPROVAL OF THE MATERIAL TERMS OF SENIOR OFFICER PERFORMANCE GOALS | Management | | For | | For | |
| | C1 | CUMULATIVE VOTING | | | | Shareholder | | Against | | For | |
| | C2 | NUCLEAR ACTIVITIES | | | | Shareholder | | Against | | For | |
| | C3 | INDEPENDENT BOARD CHAIRMAN | | Shareholder | | For | | Against | |
| | C4 | SHAREOWNER ACTION BY WRITTEN CONSENT | Shareholder | | For | | Against | |
| | CORNING INCORPORATED | | | | | | | | | |
| | Security | | | 219350105 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | GLW | | | | | Meeting Date | | | 26-Apr-2012 |
| | ISIN | | | | US2193501051 | | | | | Agenda | | | | 933560446 - Management |
| | Record Date | | | 23-Feb-2012 | | | | | Holding Recon Date | | | 23-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 25-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: JOHN SEELY BROWN | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1B. | ELECTION OF DIRECTOR: STEPHANIE A. BURNS | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: JOHN A. CANNING, JR. | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: RICHARD T. CLARK | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: JAMES B. FLAWS | | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: GORDON GUND | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: KURT M. LANDGRAF | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: DEBORAH D. RIEMAN | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: H. ONNO RUDING | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: MARK S. WRIGHTON | Management | | For | | For | |
| | 2. | APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 3. | RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS CORNING'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | | For | | For | |
| | 4. | APPROVAL OF CORNING INCORPORATED 2012 LONG-TERM INCENTIVE PLAN. | Management | | For | | For | |
| | 5. | AMENDMENT AND RESTATEMENT OF CERTIFICATE OF INCORPORATION TO REMOVE PROVISIONS REQUIRING SUPERMAJORITY VOTE OF SHAREHOLDERS. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | PFIZER INC. | | | | | | | | | | | | |
| | Security | | | 717081103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | PFE | | | | | Meeting Date | | | 26-Apr-2012 |
| | ISIN | | | | US7170811035 | | | | | Agenda | | | | 933560472 - Management |
| | Record Date | | | 28-Feb-2012 | | | | | Holding Recon Date | | | 28-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 25-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: DENNIS A. AUSIELLO | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: M. ANTHONY BURNS | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: W. DON CORNWELL | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: FRANCES D. FERGUSSON | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: WILLIAM H. GRAY, III | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: HELEN H. HOBBS | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: CONSTANCE J. HORNER | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: JAMES M. KILTS | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: GEORGE A. LORCH | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: JOHN P. MASCOTTE | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: SUZANNE NORA JOHNSON | Management | | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: IAN C. READ | | Management | | For | | For | |
| | 1M. | ELECTION OF DIRECTOR: STEPHEN W. SANGER | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1N. | ELECTION OF DIRECTOR: MARC TESSIER- LAVIGNE | Management | | For | | For | |
| | 2. | RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | | For | | For | |
| | 3. | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 4. | SHAREHOLDER PROPOSAL REGARDING PUBLICATION OF POLITICAL CONTRIBUTIONS. | Shareholder | | Against | | For | |
| | 5. | SHAREHOLDER PROPOSAL REGARDING ACTION BY WRITTEN CONSENT. | Shareholder | | For | | Against | |
| | 6. | SHAREHOLDER PROPOSAL REGARDING SPECIAL SHAREHOLDER MEETINGS. | Shareholder | | Against | | For | |
| | 7. | SHAREHOLDER PROPOSAL REGARDING ADVISORY VOTE ON DIRECTOR PAY. | Shareholder | | Against | | For | |
| | JOHNSON & JOHNSON | | | | | | | | | | |
| | Security | | | 478160104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | JNJ | | | | | Meeting Date | | | 26-Apr-2012 |
| | ISIN | | | | US4781601046 | | | | | Agenda | | | | 933562301 - Management |
| | Record Date | | | 28-Feb-2012 | | | | | Holding Recon Date | | | 28-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 25-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: MARY SUE COLEMAN | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: JAMES G. CULLEN | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: IAN E.L. DAVIS | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: ALEX GORSKY | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: MICHAEL M.E. JOHNS | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1F. | ELECTION OF DIRECTOR: SUSAN L. LINDQUIST | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ANNE M. MULCAHY | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: LEO F. MULLIN | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: WILLIAM D. PEREZ | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: CHARLES PRINCE | | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: DAVID SATCHER | | Management | | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: WILLIAM C. WELDON | Management | | For | | For | |
| | 1M. | ELECTION OF DIRECTOR: RONALD A. WILLIAMS | Management | | For | | For | |
| | 2. | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | Management | | For | | For | |
| | 3. | APPROVAL OF THE COMPANY'S 2012 LONG- TERM INCENTIVE PLAN | Management | | Against | | Against | |
| | 4. | RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012 | Management | | For | | For | |
| | 5. | SHAREHOLDER PROPOSAL ON INDEPENDENT BOARD CHAIRMAN | Shareholder | | For | | Against | |
| | 6. | SHAREHOLDER PROPOSAL ON BINDING VOTE ON POLITICAL CONTRIBUTIONS | Shareholder | | Against | | For | |
| | 7. | SHAREHOLDER PROPOSAL ON ADOPTING NON-ANIMAL METHODS FOR TRAINING | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | AT&T INC. | | | | | | | | | | | | |
| | Security | | | 00206R102 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | T | | | | | Meeting Date | | | 27-Apr-2012 |
| | ISIN | | | | US00206R1023 | | | | Agenda | | | | 933559049 - Management |
| | Record Date | | | 28-Feb-2012 | | | | | Holding Recon Date | | | 28-Feb-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 26-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: RANDALL L. STEPHENSON | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: GILBERT F. AMELIO | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: REUBEN V. ANDERSON | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: JAMES H. BLANCHARD | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: JAIME CHICO PARDO | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: JAMES P. KELLY | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: JON C. MADONNA | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: JOHN B. MCCOY | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: JOYCE M. ROCHE | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: MATTHEW K. ROSE | | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: LAURA D'ANDREA TYSON | Management | | For | | For | |
| | 2. | RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS. | Management | | For | | For | |
| | 3. | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 4. | AMEND CERTIFICATE OF INCORPORATION. | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 5. | POLITICAL CONTRIBUTIONS REPORT. | | Shareholder | | For | | Against | |
| | 6. | LIMIT WIRELESS NETWORK MANAGEMENT. | | Shareholder | | Against | | For | |
| | 7. | INDEPENDENT BOARD CHAIRMAN. | | Shareholder | | For | | Against | |
| | THE BOEING COMPANY | | | | | | | | | |
| | Security | | | 097023105 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | BA | | | | | Meeting Date | | | 30-Apr-2012 |
| | ISIN | | | | US0970231058 | | | | | Agenda | | | | 933565977 - Management |
| | Record Date | | | 01-Mar-2012 | | | | | Holding Recon Date | | | 01-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 27-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: DAVID L. CALHOUN | | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: ARTHUR D. COLLINS, JR. | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: LINDA Z. COOK | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: KENNETH M. DUBERSTEIN | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: EDMUND P. GIAMBASTIANI, JR. | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: LAWRENCE W. KELLNER | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: EDWARD M. LIDDY | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: W. JAMES MCNERNEY, JR. | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: SUSAN C. SCHWAB | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: RONALD A. WILLIAMS | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: MIKE S. ZAFIROVSKI | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 2. | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION. | Management | | For | | For | |
| | 3. | RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITOR FOR 2012. | Management | | For | | For | |
| | 4. | REPORT ON POLITICAL AND TRADE ASSOCIATION CONTRIBUTIONS. | Shareholder | | For | | Against | |
| | 5. | ACTION BY WRITTEN CONSENT. | | Shareholder | | For | | Against | |
| | 6. | RETENTION OF SIGNIFICANT STOCK BY FORMER EXECUTIVES. | Shareholder | | Against | | For | |
| | 7. | EXTRAORDINARY RETIREMENT BENEFITS. | | Shareholder | | Against | | For | |
| | AMERICAN EXPRESS COMPANY | | | | | | | | | |
| | Security | | | 025816109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | AXP | | | | | Meeting Date | | | 30-Apr-2012 |
| | ISIN | | | | US0258161092 | | | | | Agenda | | | | 933566094 - Management |
| | Record Date | | | 01-Mar-2012 | | | | | Holding Recon Date | | | 01-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 27-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | C. BARSHEFSKY | | | | | For | | For | |
| | | | 2 | U.M. BURNS | | | | | | For | | For | |
| | | | 3 | K.I. CHENAULT | | | | | | For | | For | |
| | | | 4 | P. CHERNIN | | | | | | For | | For | |
| | | | 5 | T.J. LEONSIS | | | | | | For | | For | |
| | | | 6 | J. LESCHLY | | | | | | For | | For | |
| | | | 7 | R.C. LEVIN | | | | | | For | | For | |
| | | | 8 | R.A. MCGINN | | | | | | For | | For | |
| | | | 9 | E.D. MILLER | | | | | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | | | 10 | S.S REINEMUND | | | | | | For | | For | |
| | | | 11 | R.D. WALTER | | | | | | For | | For | |
| | | | 12 | R.A. WILLIAMS | | | | | | For | | For | |
| | 2. | RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | | For | | For | |
| | 3. | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 4. | APPROVAL OF PERFORMANCE GOALS AND AWARD LIMITS UNDER 2007 INCENTIVE COMPENSATION PLAN. | Management | | For | | For | |
| | 5. | SHAREHOLDER PROPOSAL RELATING TO CUMULATIVE VOTING FOR DIRECTORS. | Shareholder | | Against | | For | |
| | 6. | SHAREHOLDER PROPOSAL RELATING TO SEPARATION OF CHAIRMAN AND CEO ROLES. | Shareholder | | For | | Against | |
| | LABORATORY CORP. OF AMERICA HOLDINGS | | | | | | | |
| | Security | | | 50540R409 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | LH | | | | | Meeting Date | | | 01-May-2012 |
| | ISIN | | | | US50540R4092 | | | | Agenda | | | | 933567034 - Management |
| | Record Date | | | 05-Mar-2012 | | | | | Holding Recon Date | | | 05-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 30-Apr-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: DAVID P. KING | | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: KERRII B. ANDERSON | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: JEAN-LUC BELINGARD | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1D. | ELECTION OF DIRECTOR: N. ANTHONY COLES, JR., M.D., M.P.H. | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: WENDY E. LANE | | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: THOMAS P. MAC MAHON | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ROBERT E. MITTELSTAEDT, JR. | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: ARTHUR H. RUBENSTEIN, MBBCH | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: M. KEITH WEIKEL, PH.D. | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: R. SANDERS WILLIAMS, M.D. | Management | | For | | For | |
| | 2. | TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 3. | TO APPROVE THE LABORATORY CORPORATION OF AMERICA HOLDINGS 2012 OMNIBUS INCENTIVE PLAN. | Management | | For | | For | |
| | 4. | TO APPROVE AN AMENDMENT TO THE LABORATORY CORPORATION OF AMERICA HOLDINGS 1997 EMPLOYEE STOCK PURCHASE PLAN. | Management | | For | | For | |
| | 5. | RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 3M COMPANY | | | | | | | | | | | |
| | Security | | | 88579Y101 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | MMM | | | | | Meeting Date | | | 08-May-2012 |
| | ISIN | | | | US88579Y1010 | | | | | Agenda | | | | 933562185 - Management |
| | Record Date | | | 09-Mar-2012 | | | | | Holding Recon Date | | | 09-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 07-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: LINDA G. ALVARADO | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: VANCE D. COFFMAN | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: MICHAEL L. ESKEW | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: W. JAMES FARRELL | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: HERBERT L. HENKEL | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: EDWARD M. LIDDY | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ROBERT S. MORRISON | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: AULANA L. PETERS | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: INGE G. THULIN | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: ROBERT J. ULRICH | | Management | | For | | For | |
| | 2. | TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS 3M'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. | Management | | For | | For | |
| | 3. | ADVISORY APPROVAL OF EXECUTIVE COMPENSATION. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 4. | TO APPROVE THE 2012 AMENDED AND RESTATED GENERAL EMPLOYEES STOCK PURCHASE PLAN. | Management | | For | | For | |
| | 5. | TO APPROVE THE AMENDED 2008 LONG- TERM INCENTIVE PLAN. | Management | | For | | For | |
| | 6. | STOCKHOLDER PROPOSAL ON LOBBYING. | | Shareholder | | For | | Against | |
| | 7. | STOCKHOLDER PROPOSAL TO PROHIBIT POLITICAL SPENDING FROM CORPORATE TREASURY FUNDS. | Shareholder | | Against | | For | |
| | 8. | STOCKHOLDER PROPOSAL ON INDEPENDENT BOARD CHAIRMAN. | Shareholder | | For | | Against | |
| | BANK OF AMERICA CORPORATION | | | | | | | | | |
| | Security | | | 060505104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | BAC | | | | | Meeting Date | | | 09-May-2012 |
| | ISIN | | | | US0605051046 | | | | | Agenda | | | | 933571665 - Management |
| | Record Date | | | 14-Mar-2012 | | | | | Holding Recon Date | | | 14-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 08-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: MUKESH D. AMBANI | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: SUSAN S. BIES | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: FRANK P. BRAMBLE, SR. | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: VIRGIS W. COLBERT | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: CHARLES K. GIFFORD | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: CHARLES O. HOLLIDAY, JR. | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: MONICA C. LOZANO | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1H. | ELECTION OF DIRECTOR: THOMAS J. MAY | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: BRIAN T. MOYNIHAN | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: DONALD E. POWELL | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: CHARLES O. ROSSOTTI | Management | | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: ROBERT W. SCULLY | Management | | For | | For | |
| | 2. | AN ADVISORY (NON-BINDING) "SAY ON PAY" VOTE TO APPROVE EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 3. | RATIFICATION OF THE APPOINTMENT OF THE REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM FOR 2012. | Management | | For | | For | |
| | 4. | STOCKHOLDER PROPOSAL - DISCLOSURE OF GOVERNMENT EMPLOYMENT. | Shareholder | | Against | | For | |
| | 5. | STOCKHOLDER PROPOSAL - GRASSROOTS AND OTHER LOBBYING. | Shareholder | | For | | Against | |
| | 6. | STOCKHOLDER PROPOSAL - EXECUTIVES TO RETAIN SIGNIFICANT STOCK. | Shareholder | | Against | | For | |
| | 7. | STOCKHOLDER PROPOSAL - MORTGAGE SERVICING OPERATIONS. | Shareholder | | For | | Against | |
| | 8. | STOCKHOLDER PROPOSAL - PROHIBITION ON POLITICAL SPENDING. | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | NUCOR CORPORATION | | | | | | | | | | |
| | Security | | | 670346105 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | NUE | | | | | Meeting Date | | | 10-May-2012 |
| | ISIN | | | | US6703461052 | | | | | Agenda | | | | 933573544 - Management |
| | Record Date | | | 12-Mar-2012 | | | | | Holding Recon Date | | | 12-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 09-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | CLAYTON C. DALEY, JR. | | | | For | | For | |
| | | | 2 | JOHN J. FERRIOLA | | | | | For | | For | |
| | | | 3 | HARVEY B. GANTT | | | | | For | | For | |
| | | | 4 | BERNARD L. KASRIEL | | | | For | | For | |
| | 2. | RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS NUCOR'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2012 | Management | | For | | For | |
| | 3. | STOCKHOLDER PROPOSAL REGARDING MAJORITY VOTE | Shareholder | | For | | Against | |
HILLMAN ADVANTAGE EQUITY FUND
| | JPMORGAN CHASE & CO. | | | | | | | | | |
| | Security | | | 46625H100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | JPM | | | | | Meeting Date | | | 15-May-2012 |
| | ISIN | | | | US46625H1005 | | | | Agenda | | | | 933581301 - Management |
| | Record Date | | | 16-Mar-2012 | | | | | Holding Recon Date | | | 16-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 14-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: JAMES A. BELL | | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: CRANDALL C. BOWLES | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: STEPHEN B. BURKE | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: DAVID M. COTE | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: JAMES S. CROWN | | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: JAMES DIMON | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: TIMOTHY P. FLYNN | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: ELLEN V. FUTTER | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: LABAN P. JACKSON, JR. | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: LEE R. RAYMOND | | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: WILLIAM C. WELDON | Management | | For | | For | |
| | 2. | APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | Management | | For | | For | |
| | 3. | ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION | Management | | For | | For | |
| | 4. | POLITICAL NON-PARTISANSHIP | | | Shareholder | | Against | | For | |
| | 5. | INDEPENDENT DIRECTOR AS CHAIRMAN | | Shareholder | | For | | Against | |
HILLMAN ADVANTAGE EQUITY FUND
| | 6. | LOAN SERVICING | | | | Shareholder | | Against | | For | |
| | 7. | CORPORATE POLITICAL CONTRIBUTIONS REPORT | Shareholder | | Against | | For | |
| | 8. | GENOCIDE-FREE INVESTING | | | Shareholder | | Against | | For | |
| | 9. | SHAREHOLDER ACTION BY WRITTEN CONSENT | Shareholder | | For | | Against | |
| | 10. | STOCK RETENTION | | | | Shareholder | | Against | | For | |
| | INTEL CORPORATION | | | | | | | | | | |
| | Security | | | 458140100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | INTC | | | | | Meeting Date | | | 17-May-2012 |
| | ISIN | | | | US4581401001 | | | | | Agenda | | | | 933577061 - Management |
| | Record Date | | | 19-Mar-2012 | | | | | Holding Recon Date | | | 19-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 16-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: CHARLENE BARSHEFSKY | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: ANDY D. BRYANT | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: SUSAN L. DECKER | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: JOHN J. DONAHOE | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: REED E. HUNDT | | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: PAUL S. OTELLINI | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: JAMES D. PLUMMER | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: DAVID S. POTTRUCK | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: FRANK D. YEARY | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: DAVID B. YOFFIE | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 2. | RATIFICATION OF SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR CURRENT YEAR | Management | | For | | For | |
| | 3. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION | Management | | For | | For | |
| | 4. | STOCKHOLDER PROPOSAL: WHETHER TO HOLD AN ADVISORY VOTE ON POLITICAL CONTRIBUTIONS | Shareholder | | Against | | For | |
| | TRANSOCEAN, LTD. | | | | | | | | | | |
| | Security | | | H8817H100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | RIG | | | | | Meeting Date | | | 18-May-2012 |
| | ISIN | | | | CH0048265513 | | | | | Agenda | | | | 933591946 - Management |
| | Record Date | | | 21-Mar-2012 | | | | | Holding Recon Date | | | 21-Mar-2012 |
| | City / | Country | | | / | Switzerland | | | Vote Deadline Date | | | 17-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | APPROVAL OF THE 2011 ANNUAL REPORT, INCLUDING THE CONSOLIDATED FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2011 AND THE STATUTORY FINANCIAL STATEMENTS OF TRANSOCEAN LTD. FOR FISCAL YEAR 2011. | Management | | For | | For | |
| | 2. | APPROPRIATION OF AVAILABLE EARNINGS FOR FISCAL YEAR 2011. | Management | | For | | For | |
| | 3A. | ELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: GLYN BARKER | Management | | For | | For | |
| | 3B. | ELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: VANESSA C.L. CHANG | Management | | For | | For | |
| | 3C. | ELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: CHAD DEATON | Management | | For | | For | |
| | 3D. | REELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: EDWARD R. MULLER | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 3E. | REELECTION OF CLASS I DIRECTOR FOR THREE-YEAR TERM: TAN EK KIA | Management | | For | | For | |
| | 4. | APPOINTMENT OF ERNST & YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR FISCAL YEAR 2012 AND REELECTION OF ERNST & YOUNG LTD., ZURICH, AS THE COMPANY'S AUDITOR FOR A FURTHER ONE- YEAR TERM. | Management | | For | | For | |
| | 5. | ADVISORY VOTE ON EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | MERCK & CO., INC. | | | | | | | | | | |
| | Security | | | 58933Y105 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | MRK | | | | | Meeting Date | | | 22-May-2012 |
| | ISIN | | | | US58933Y1055 | | | | | Agenda | | | | 933595158 - Management |
| | Record Date | | | 23-Mar-2012 | | | | | Holding Recon Date | | | 23-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 21-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: LESLIE A. BRUN | | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: THOMAS R. CECH | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: KENNETH C. FRAZIER | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: THOMAS H. GLOCER | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: WILLIAM B. HARRISON JR. | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: C. ROBERT KIDDER | | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ROCHELLE B. LAZARUS | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1H. | ELECTION OF DIRECTOR: CARLOS E. REPRESAS | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: PATRICIA F. RUSSO | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: CRAIG B. THOMPSON | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: WENDELL P. WEEKS | Management | | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: PETER C. WENDELL | Management | | For | | For | |
| | 2. | RATIFICATION OF THE APPOINTMENT OF THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012. | Management | | For | | For | |
| | 3. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION. | Management | | For | | For | |
| | 4. | SHAREHOLDER PROPOSAL CONCERNING SHAREHOLDER ACTION BY WRITTEN CONSENT. | Shareholder | | For | | Against | |
| | 5. | SHAREHOLDER PROPOSAL CONCERNING SPECIAL SHAREHOLDER MEETINGS. | Shareholder | | Against | | For | |
| | 6. | SHAREHOLDER PROPOSAL CONCERNING REPORT ON CHARITABLE AND POLITICAL CONTRIBUTIONS. | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | THE WESTERN UNION COMPANY | | | | | | | | | |
| | Security | | | 959802109 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | WU | | | | | Meeting Date | | | 23-May-2012 |
| | ISIN | | | | US9598021098 | | | | | Agenda | | | | 933582175 - Management |
| | Record Date | | | 26-Mar-2012 | | | | | Holding Recon Date | | | 26-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 22-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: RICHARD A. GOODMAN | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: ROBERTO G. MENDOZA | Management | | For | | For | |
| | 1C | ELECTION OF DIRECTOR: MICHAEL A. MILES, JR. | Management | | For | | For | |
| | 2 | AMENDMENTS TO THE COMPANY'S AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ELIMINATE CLASSIFICATION OF THE BOARD OF DIRECTORS | Management | | For | | For | |
| | 3 | RATIFICATION OF SELECTION OF AUDITORS | | Management | | For | | For | |
| | 4 | ADVISORY VOTE ON EXECUTIVE COMPENSATION | Management | | For | | For | |
| | 5 | APPROVAL OF MATERIAL TERMS OF THE EXPANDED PERFORMANCE MEASURES UNDER THE COMPANY'S 2006 LONG-TERM INCENTIVE PLAN | Management | | For | | For | |
| | 6 | STOCKHOLDER PROPOSAL REGARDING STOCKHOLDER PROXY ACCESS | Shareholder | | Against | | For | |
| | 7 | STOCKHOLDER PROPOSAL REGARDING AN ADVISORY VOTE ON POLITICAL CONTRIBUTIONS | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | AMGEN INC. | | | | | | | | | | | | |
| | Security | | | 031162100 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | AMGN | | | | | Meeting Date | | | 23-May-2012 |
| | ISIN | | | | US0311621009 | | | | | Agenda | | | | 933583937 - Management |
| | Record Date | | | 26-Mar-2012 | | | | | Holding Recon Date | | | 26-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 22-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: DR. DAVID BALTIMORE | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: MR. FRANK J. BIONDI, JR. | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: MR. ROBERT A. BRADWAY | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: MR. FRANCOIS DE CARBONNEL | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: DR. VANCE D. COFFMAN | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: DR. REBECCA M. HENDERSON | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: MR. FRANK C. HERRINGER | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: DR. TYLER JACKS | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: DR. GILBERT S. OMENN | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: MS. JUDITH C. PELHAM | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: ADM. J. PAUL REASON, USN (RETIRED) | Management | | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: MR. LEONARD D. SCHAEFFER | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1M. | ELECTION OF DIRECTOR: MR. KEVIN W. SHARER | Management | | For | | For | |
| | 1N. | ELECTION OF DIRECTOR: DR. RONALD D. SUGAR | Management | | For | | For | |
| | 2. | TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. | Management | | For | | For | |
| | 3. | ADVISORY VOTE TO APPROVE OUR EXECUTIVE COMPENSATION. | Management | | Against | | Against | |
| | 4. | TO APPROVE AN AMENDMENT TO OUR RESTATED CERTIFICATE OF INCORPORATION TO AUTHORIZE STOCKHOLDER ACTION BY WRITTEN CONSENT. | Management | | For | | For | |
| | 5A. | STOCKHOLDER PROPOSAL #1 (INDEPENDENT CHAIRMAN OF THE BOARD). | Shareholder | | For | | Against | |
| | 5B. | STOCKHOLDER PROPOSAL #2 (TRANSPARENCY IN ANIMAL USE). | Shareholder | | Against | | For | |
| | 5C. | STOCKHOLDER PROPOSAL #3 (REQUEST FOR DISCLOSURE OF LOBBYING POLICIES AND PRACTICES). | Shareholder | | Against | | For | |
| | 5D. | STOCKHOLDER PROPOSAL #4 (CEO TO SERVE ON A MAXIMUM OF ONE OTHER BOARD). | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | THE GOLDMAN SACHS GROUP, INC. | | | | | | | | |
| | Security | | | 38141G104 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | GS | | | | | Meeting Date | | | 24-May-2012 |
| | ISIN | | | | US38141G1040 | | | | Agenda | | | | 933600125 - Management |
| | Record Date | | | 26-Mar-2012 | | | | | Holding Recon Date | | | 26-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 23-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: LLOYD C. BLANKFEIN | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: M. MICHELE BURNS | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: GARY D. COHN | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: CLAES DAHLBACK | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: STEPHEN FRIEDMAN | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: WILLIAM W. GEORGE | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: JAMES A. JOHNSON | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: LAKSHMI N. MITTAL | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: JAMES J. SCHIRO | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: DEBORA L. SPAR | | Management | | For | | For | |
| | 2. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (SAY ON PAY) | Management | | For | | For | |
| | 3. | RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2012 | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 4. | SHAREHOLDER PROPOSAL REGARDING CUMULATIVE VOTING | Shareholder | | Against | | For | |
| | 5. | SHAREHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND LONG- TERM PERFORMANCE | Shareholder | | Against | | For | |
| | 6. | SHAREHOLDER PROPOSAL REGARDING REPORT ON LOBBYING EXPENDITURES | Shareholder | | Against | | For | |
| | EXXON MOBIL CORPORATION | | | | | | | | | |
| | Security | | | 30231G102 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | XOM | | | | | Meeting Date | | | 30-May-2012 |
| | ISIN | | | | US30231G1022 | | | | Agenda | | | | 933600086 - Management |
| | Record Date | | | 04-Apr-2012 | | | | | Holding Recon Date | | | 04-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 29-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | M.J. BOSKIN | | | | | | For | | For | |
| | | | 2 | P. BRABECK-LETMATHE | | | | For | | For | |
| | | | 3 | L.R. FAULKNER | | | | | | For | | For | |
| | | | 4 | J.S. FISHMAN | | | | | | For | | For | |
| | | | 5 | H.H. FORE | | | | | | For | | For | |
| | | | 6 | K.C. FRAZIER | | | | | | For | | For | |
| | | | 7 | W.W. GEORGE | | | | | | For | | For | |
| | | | 8 | S.J. PALMISANO | | | | | | For | | For | |
| | | | 9 | S.S REINEMUND | | | | | | For | | For | |
| | | | 10 | R.W. TILLERSON | | | | | | For | | For | |
| | | | 11 | E.E. WHITACRE, JR. | | | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 2. | RATIFICATION OF INDEPENDENT AUDITORS (PAGE 61) | Management | | For | | For | |
| | 3. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (PAGE 62) | Management | | For | | For | |
| | 4. | INDEPENDENT CHAIRMAN (PAGE 64) | | Shareholder | | For | | Against | |
| | 5. | MAJORITY VOTE FOR DIRECTORS (PAGE 65) | | Shareholder | | For | | Against | |
| | 6. | REPORT ON POLITICAL CONTRIBUTIONS (PAGE 66) | Shareholder | | Against | | For | |
| | 7. | AMENDMENT OF EEO POLICY (PAGE 67) | | Shareholder | | For | | Against | |
| | 8. | REPORT ON NATURAL GAS PRODUCTION (PAGE 69) | Shareholder | | Against | | For | |
| | 9. | GREENHOUSE GAS EMISSIONS GOALS (PAGE 71) | Shareholder | | Against | | For | |
| | RAYTHEON COMPANY | | | | | | | | | | |
| | Security | | | 755111507 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | RTN | | | | | Meeting Date | | | 31-May-2012 |
| | ISIN | | | | US7551115071 | | | | | Agenda | | | | 933620343 - Management |
| | Record Date | | | 09-Apr-2012 | | | | | Holding Recon Date | | | 09-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 30-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: JAMES E. CARTWRIGHT | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: VERNON E. CLARK | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: JOHN M. DEUTCH | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: STEPHEN J. HADLEY | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: FREDERIC M. POSES | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1F. | ELECTION OF DIRECTOR: MICHAEL C. RUETTGERS | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: RONALD L. SKATES | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: WILLIAM R. SPIVEY | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: LINDA G. STUNTZ | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: WILLIAM H. SWANSON | Management | | For | | For | |
| | 2. | ADVISORY VOTE ON EXECUTIVE COMPENSATION | Management | | For | | For | |
| | 3. | RATIFICATION OF INDEPENDENT AUDITORS | | Management | | For | | For | |
| | 4. | SHAREHOLDER PROPOSAL REGARDING EXECUTIVE STOCK RETENTION | Shareholder | | Against | | For | |
| | 5. | SHAREHOLDER PROPOSAL REGARDING SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS | Shareholder | | Against | | For | |
| | 6. | SHAREHOLDER PROPOSAL REGARDING SHAREHOLDER ACTION BY WRITTEN CONSENT | Shareholder | | For | | Against | |
| | WAL-MART STORES, INC. | | | | | | | | | |
| | Security | | | 931142103 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | WMT | | | | | Meeting Date | | | 01-Jun-2012 |
| | ISIN | | | | US9311421039 | | | | | Agenda | | | | 933607408 - Management |
| | Record Date | | | 04-Apr-2012 | | | | | Holding Recon Date | | | 04-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 31-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A | ELECTION OF DIRECTOR: AIDA M. ALVAREZ | | Management | | For | | For | |
| | 1B | ELECTION OF DIRECTOR: JAMES W. BREYER | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1C | ELECTION OF DIRECTOR: M. MICHELE BURNS | Management | | For | | For | |
| | 1D | ELECTION OF DIRECTOR: JAMES I. CASH, JR. | | Management | | For | | For | |
| | 1E | ELECTION OF DIRECTOR: ROGER C. CORBETT | Management | | For | | For | |
| | 1F | ELECTION OF DIRECTOR: DOUGLAS N. DAFT | | Management | | For | | For | |
| | 1G | ELECTION OF DIRECTOR: MICHAEL T. DUKE | | Management | | For | | For | |
| | 1H | ELECTION OF DIRECTOR: MARISSA A. MAYER | Management | | For | | For | |
| | 1I | ELECTION OF DIRECTOR: GREGORY B. PENNER | Management | | For | | For | |
| | 1J | ELECTION OF DIRECTOR: STEVEN S REINEMUND | Management | | For | | For | |
| | 1K | ELECTION OF DIRECTOR: H. LEE SCOTT, JR. | | Management | | For | | For | |
| | 1L | ELECTION OF DIRECTOR: ARNE M. SORENSON | Management | | For | | For | |
| | 1M | ELECTION OF DIRECTOR: JIM C. WALTON | | Management | | For | | For | |
| | 1N | ELECTION OF DIRECTOR: S. ROBSON WALTON | Management | | For | | For | |
| | 1O | ELECTION OF DIRECTOR: CHRISTOPHER J. WILLIAMS | Management | | For | | For | |
| | 1P | ELECTION OF DIRECTOR: LINDA S. WOLF | | Management | | For | | For | |
| | 02 | RATIFICATION OF ERNST & YOUNG LLP AS INDEPENDENT ACCOUNTANTS | Management | | For | | For | |
| | 03 | ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | Management | | For | | For | |
| | 04 | POLITICAL CONTRIBUTIONS REPORT | | Shareholder | | For | | Against | |
| | 05 | DIRECTOR NOMINATION POLICY | | Shareholder | | Against | | For | |
| | 06 | REPORT REGARDING INCENTIVE COMPENSATION PROGRAMS | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | STAPLES, INC. | | | | | | | | | | | |
| | Security | | | 855030102 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | SPLS | | | | | Meeting Date | | | 04-Jun-2012 |
| | ISIN | | | | US8550301027 | | | | | Agenda | | | | 933614477 - Management |
| | Record Date | | | 09-Apr-2012 | | | | | Holding Recon Date | | | 09-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 01-Jun-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: BASIL L. ANDERSON | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: ARTHUR M. BLANK | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: DREW G. FAUST | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: JUSTIN KING | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: CAROL MEYROWITZ | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: ROWLAND T. MORIARTY | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: ROBERT C. NAKASONE | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: RONALD L. SARGENT | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: ELIZABETH A. SMITH | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: ROBERT E. SULENTIC | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: VIJAY VISHWANATH | Management | | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: PAUL F. WALSH | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 2. | APPROVAL OF AN AMENDMENT TO THE COMPANY'S RESTATED CERTIFICATE OF INCORPORATION TO ALLOW STOCKHOLDER ACTION BY MAJORITY WRITTEN CONSENT. | Management | | For | | For | |
| | 3. | APPROVAL, ON AN ADVISORY BASIS, OF NAMED EXECUTIVE OFFICER COMPENSATION. | Management | | For | | For | |
| | 4. | APPROVAL OF THE COMPANY'S AMENDED AND RESTATED LONG TERM CASH INCENTIVE PLAN. | Management | | For | | For | |
| | 5. | APPROVAL OF THE COMPANY'S AMENDED AND RESTATED EXECUTIVE OFFICER INCENTIVE PLAN. | Management | | For | | For | |
| | 6. | APPROVAL OF THE COMPANY'S 2012 EMPLOYEE STOCK PURCHASE PLAN. | Management | | For | | For | |
| | 7. | RATIFICATION OF THE SELECTION BY THE AUDIT COMMITTEE OF ERNST & YOUNG LLP AS STAPLES' INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE CURRENT FISCAL YEAR. | Management | | For | | For | |
| | 8. | NON-BINDING STOCKHOLDER PROPOSAL REGARDING A REQUIREMENT FOR SENIOR EXECUTIVES TO HOLD 75% NET AFTER-TAX SHARES ACQUIRED THROUGH COMPENSATION PLANS AND PROHIBITION ON HEDGING OF HELD SHARES. | Shareholder | | Against | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | INGERSOLL-RAND PLC | | | | | | | | | | |
| | Security | | | G47791101 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | IR | | | | | Meeting Date | | | 07-Jun-2012 |
| | ISIN | | | | IE00B6330302 | | | | | Agenda | | | | 933612916 - Management |
| | Record Date | | | 09-Apr-2012 | | | | | Holding Recon Date | | | 09-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 06-Jun-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: A.C. BERZIN | | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: J. BRUTON | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: J.L. COHON | | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: G.D. FORSEE | | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: P.C. GODSOE | | Management | | For | | For | |
| | 1F. | ELECTION OF DIRECTOR: E.E. HAGENLOCKER | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: C.J. HORNER | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: M.W. LAMACH | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: T.E. MARTIN | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: R.J. SWIFT | | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: T.L. WHITE | | Management | | For | | For | |
| | 2. | ADVISORY APPROVAL OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS | Management | | For | | For | |
| | 3. | APPROVAL OF THE APPOINTMENT OF INDEPENDENT AUDITORS AND AUTHORIZATION OF THE AUDIT COMMITTEE TO SET THE AUDITORS' REMUNERATION | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | BEST BUY CO., INC. | | | | | | | | | | |
| | Security | | | 086516101 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | BBY | | | | | Meeting Date | | | 21-Jun-2012 |
| | ISIN | | | | US0865161014 | | | | | Agenda | | | | 933631699 - Management |
| | Record Date | | | 23-Apr-2012 | | | | | Holding Recon Date | | | 23-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 20-Jun-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | LISA M. CAPUTO | | | | | | For | | For | |
| | | | 2 | KATHY J. HIGGINS VICTOR | | | | For | | For | |
| | | | 3 | GERARD R. VITTECOQ | | | | For | | For | |
| | 2. | TO RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING FEBRUARY 2, 2013. | Management | | For | | For | |
| | 3. | TO CONDUCT AN ADVISORY VOTE TO APPROVE OUR NAMED EXECUTIVE OFFICER COMPENSATION. | Management | | For | | For | |
| | 4. | TO APPROVE AN INCREASE IN THE AVAILABLE NUMBER OF SHARES UNDER THE BEST BUY CO., INC. 2008 EMPLOYEE STOCK PURCHASE PLAN. | Management | | For | | For | |
| | 5. | TO VOTE ON A SHAREHOLDER PROPOSAL RECOMMENDING DECLASSIFICATION OF OUR BOARD OF DIRECTORS, IF PROPERLY PRESENTED AT THE MEETING. | Shareholder | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | GOOGLE INC. | | | | | | | | | | | |
| | Security | | | 38259P508 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | GOOG | | | | | Meeting Date | | | 21-Jun-2012 |
| | ISIN | | | | US38259P5089 | | | | | Agenda | | | | 933632968 - Management |
| | Record Date | | | 23-Apr-2012 | | | | | Holding Recon Date | | | 23-Apr-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 20-Jun-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1. | DIRECTOR | | | | | | Management | | | | | |
| | | | 1 | LARRY PAGE | | | | | | For | | For | |
| | | | 2 | SERGEY BRIN | | | | | | For | | For | |
| | | | 3 | ERIC E. SCHMIDT | | | | | For | | For | |
| | | | 4 | L. JOHN DOERR | | | | | | For | | For | |
| | | | 5 | DIANE B. GREENE | | | | | For | | For | |
| | | | 6 | JOHN L. HENNESSY | | | | For | | For | |
| | | | 7 | ANN MATHER | | | | | | For | | For | |
| | | | 8 | PAUL S. OTELLINI | | | | | For | | For | |
| | | | 9 | K. RAM SHRIRAM | | | | | For | | For | |
| | | | 10 | SHIRLEY M. TILGHMAN | | | | For | | For | |
| | 2. | THE RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS GOOGLE'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2012. | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 3A. | THE APPROVAL OF THE ADOPTION OF GOOGLE'S FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO GOOGLE'S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO ESTABLISH THE CLASS C CAPITAL STOCK AND TO MAKE CERTAIN CLARIFYING CHANGES. | Management | | Against | | Against | |
| | 3B. | THE APPROVAL OF THE ADOPTION OF GOOGLE'S FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO GOOGLE'S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF CLASS A COMMON STOCK FROM 6 BILLION TO 9 BILLION. | Management | | Against | | Against | |
| | 3C. | THE APPROVAL OF THE ADOPTION OF GOOGLE'S FOURTH AMENDED AND RESTATED CERTIFICATE OF INCORPORATION: THE APPROVAL OF THE ADOPTION OF AMENDMENTS TO GOOGLE'S THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR THE TREATMENT OF SHARES OF CLASS A COMMON STOCK IN A MANNER THAT IS AT LEAST AS FAVORABLE AS THE SHARES OF CLASS B COMMON STOCK. | Management | | Against | | Against | |
| | 4. | THE APPROVAL OF GOOGLE'S 2012 STOCK PLAN. | Management | | Against | | Against | |
HILLMAN ADVANTAGE EQUITY FUND
| | 5. | THE APPROVAL OF GOOGLE'S 2012 INCENTIVE COMPENSATION PLAN FOR EMPLOYEES AND CONSULTANTS OF MOTOROLA MOBILITY. | Management | | Against | | Against | |
| | 6. | A STOCKHOLDER PROPOSAL REGARDING AN ADVISORY VOTE ON POLITICAL CONTRIBUTIONS, IF PROPERLY PRESENTED AT THE MEETING. | Shareholder | | Against | | For | |
| | 7. | A STOCKHOLDER PROPOSAL REGARDING MANDATORY ARBITRATION OF CERTAIN SHAREHOLDER CLAIMS, IF PROPERLY PRESENTED AT THE MEETING. | Shareholder | | Against | | For | |
| | 8. | A STOCKHOLDER PROPOSAL REGARDING EQUAL SHAREHOLDER VOTING, IF PROPERLY PRESENTED AT THE MEETING. | Shareholder | | For | | Against | |
| | THE ALLSTATE CORPORATION | | | | | | | | | |
| | Security | | | 020002101 | | | | | Meeting Type | | | Annual |
| | Ticker Symbol | | | ALL | | | | | Meeting Date | | | 22-May-2012 |
| | ISIN | | | | US0200021014 | | | | | Agenda | | | | 933597479 - Management |
| | Record Date | | | 23-Mar-2012 | | | | | Holding Recon Date | | | 23-Mar-2012 |
| | City / | Country | | | / | United States | | | Vote Deadline Date | | | 21-May-2012 |
| | SEDOL(s) | | | | | | | | Quick Code | | | |
| | | | | | | | | | | | | | | |
| | Item | Proposal | | | | | | Type | | Vote | For/Against Management |
| | 1A. | ELECTION OF DIRECTOR: F. DUANE ACKERMAN | Management | | For | | For | |
| | 1B. | ELECTION OF DIRECTOR: ROBERT D. BEYER | | Management | | For | | For | |
| | 1C. | ELECTION OF DIRECTOR: W. JAMES FARRELL | Management | | For | | For | |
| | 1D. | ELECTION OF DIRECTOR: JACK M. GREENBERG | Management | | For | | For | |
| | 1E. | ELECTION OF DIRECTOR: RONALD T. LEMAY | | Management | | For | | For | |
HILLMAN ADVANTAGE EQUITY FUND
| | 1F. | ELECTION OF DIRECTOR: ANDREA REDMOND | Management | | For | | For | |
| | 1G. | ELECTION OF DIRECTOR: H. JOHN RILEY, JR. | | Management | | For | | For | |
| | 1H. | ELECTION OF DIRECTOR: JOHN W. ROWE | | Management | | For | | For | |
| | 1I. | ELECTION OF DIRECTOR: JOSHUA I. SMITH | | Management | | For | | For | |
| | 1J. | ELECTION OF DIRECTOR: JUDITH A. SPRIESER | Management | | For | | For | |
| | 1K. | ELECTION OF DIRECTOR: MARY ALICE TAYLOR | Management | | For | | For | |
| | 1L. | ELECTION OF DIRECTOR: THOMAS J. WILSON | Management | | For | | For | |
| | 2. | ADVISORY VOTE TO APPROVE THE EXECUTIVE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS. | Management | | For | | For | |
| | 3. | APPROVE THE PROPOSED AMENDMENT TO THE CERTIFICATE OF INCORPORATION GRANTING THE RIGHT TO ACT BY WRITTEN CONSENT. | Management | | For | | For | |
| | 4. | APPROVE THE PROPOSED AMENDMENT TO THE CERTIFICATE OF INCORPORATION GRANTING STOCKHOLDERS OWNING NOT LESS THAN 10% OF THE CORPORATION'S SHARES THE RIGHT TO CALL A SPECIAL MEETING OF STOCKHOLDERS. | Management | | For | | For | |
| | 5. | RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS ALLSTATE'S INDEPENDENT REGISTERED PUBLIC ACCOUNTANT FOR 2012. | Management | | For | | For | |
| | 6. | STOCKHOLDER PROPOSAL ON REPORTING POLITICAL CONTRIBUTIONS. | Shareholder | | Against | | For | |
SIGNATURES
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.
Hillman Capital Management Investment Trust
| By: (Signature and Title) | /s/ Mark A. Hillman |
| | Mark A. Hillman Trustee, President, and Principal Executive Officer |
Date: August 27, 2012
