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 811-21596
MUNDOVAL FUNDS
(Exact name of registrant as specified in charter)
7855 Ivanhoe Ave., Ste 210, La Jolla, CA 92037
(Address of principal executive offices) (Zip code)
Arthur Q. Johnson
Mundoval Funds
7855 Ivanhoe Ave., Ste 210, La Jolla, CA 92037
(Name and address of agent for service)
Registrant's telephone number, including area code: (858) 454-4837
Date of fiscal year end: December 31
Date of reporting period: July 1, 2019 – June 30, 2020
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking notes.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
ITEM 1. PROXY VOTING RECORD:
Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:
(a). The name of the issuer of the portfolio security;
(b). The exchange ticker symbol of the portfolio security;
(c). The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;
(d). The shareholder meeting date;
(e). A brief identification of the matter voted on;
(f). Whether the matter was proposed by the issuer or by a security holder;
(g). Whether the Registrant cast its vote on the matter;
(h). How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding
election of directors); and
(i). Whether the Registrant cast its vote for or against management.
Account Name: MUNDOVAL FUND | ||||||
Custodian Name: U.S. BANK, N.A. | ||||||
ALPHABET, INC. | ||||||
Ticker Symbol:GOOGL | Cusip Number:02079K305 | |||||
Record Date: 4/7/2020 | Meeting Date: 6/3/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1.01-1.11 | Election of Directors | For | Issuer | For | With | |
10 | A stockholder proposal regarding a report on takedown requests, if properly presented at the meeting. | Against | Stockholder | Against | With | |
11 | A stockholder proposal regarding majority vote for election of directors, if properly presented at the meeting. | Against | Stockholder | Against | With | |
12 | A stockholder proposal regarding a report on gender/racial pay equity, if properly presented at the meeting. | Against | Stockholder | Against | With | |
13 | A stockholder proposal regarding the nomination of human rights and/or civil rights expert to the board, if properly presented at the meeting. | Against | Stockholder | Against | With | |
14 | A stockholder proposal regarding a report on whistleblower policies and practices, if properly presented at the meeting. | Against | Stockholder | Against | With | |
2 | Ratification of the appointment of Ernst & Young LLP as independent registered accounting firm for the fiscal year ending December 31, 2020 | For | Issuer | For | With | |
3 | An amendment to Amended & Restated 2012 Stock Plan to increase the share reserve by 8.5 million shares of Class C capital stock. | For | Issuer | For | With | |
4 | Advisory vote to approve named executive officer compensation. | For | Issuer | For | With | |
5 | Stockholder proposal regarding equal shareholder voting, if properly presented at meeting. | Against | Stockholder | Against | With | |
6 | A stockholder proposal regarding a report on arbitration of employment related claims, if properly presented at meeting. | Against | Stockholder | Against | With | |
7 | A Stockholder proposal regarding the establishment of a human rights risk oversight committee, if properly presented at the meeting. | Against | Stockholder | Against | With | |
8 | A stockholder proposal regarding non-binding vote on amendment of bylaws, if properly presented at the meeting. | Against | Stockholder | Against | With | |
9 | A stockholder proposal regarding a report on sustainability metrics, if properly presented at the meeting. | Against | Stockholder | Against | With | |
ANHEUSER-BUSCH INBEV SA | ||||||
Ticker Symbol:BUD | Cusip Number:03524A108 | |||||
Record Date: 4/15/2020 | Meeting Date: 6/3/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
10 | Filings. | For | Issuer | For | With | |
1A | Revised text of articles of association: Proposed resolution: amending article 24.4 of the articles of association. | For | Issuer | For | With | |
1B | Revised text of articles of association: Proposed resolution: amending article 44 of the articles of association. | For | Issuer | For | With | |
1C | Revised text of articels of association: Proposed respoltion: amending several provisions of the articles of association. | For | Issuer | For | With | |
5 | Approval of statutory annual accounts. | For | Issuer | For | With | |
6 | Discharge to Directors. | For | Issuer | For | With | |
7 | Discharge to statutory auditor. | For | Issuer | For | With | |
8A-K | Appointment of Directors. | For | Issuer | For | With | |
9 | Remuneration policy and remuneration report: Proposed resolution: approving the remuneration report for the financial (see full report). | For | Issuer | For | With | |
APPLE INC. | ||||||
Ticker Symbol:AAPL | Cusip Number:037833100 | |||||
Record Date: 1/2/2020 | Meeting Date: 2/25/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A-G | Election of Directors. | For | Issuer | For | With | |
2 | Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for 2020. | For | Issuer | For | With | |
3 | Advisory vote to approve executive compensation. | For | Issuer | For | With | |
4 | Proposal entitled "Shareholder Proxy Access Amendments". | Against | Stockholder | Against | With | |
5 | Proposal relating to sustainability and executive compensation. | Against | Stockholder | Against | With | |
6 | Proposal relating to policies on freedom of expression. | Against | Stockholder | Against | With | |
BANCO DO BRASIL | ||||||
Ticker Symbol:BDORY | Cusip Number:059578104 | |||||
Record Date: 11/22/2019 | Meeting Date: 11/27/2019 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
I.1-I.2 | Election of Supervisory Board Members. | For | Issuer | For | With | |
II.1-II.3 | Election of Board of Director nominees. | For | Issuer | For | With | |
III. | Decide on Proposed changes to Company Bylaws. | For | Issuer | For | With | |
BANK OF AMERICA | ||||||
Ticker Symbol:BAC | Cusip Number:060505104 | |||||
Record Date: 4/21/2020 | Meeting Date: 4/22/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A-Q | Election of Board of Director Nominees. | For | Issuer | For | With | |
2 | Approval of Executive Compensation (an Advisory, non-binding "Say on Pay" REsolution) | For | Issuer | For | With | |
3 | Ratify appointment of Independent Registered Public Accounting Firm for 2020. | For | Issuer | For | With | |
4 | Make Shareholder Proxy access more accessible. | Against | Stockholder | Against | With | |
5 | Adopt new shareholder right- written consent. | Against | Stockholder | Against | With | |
6 | Report Concerning Gender/Racial Pay Equity. | Against | Stockholder | Against | With | |
7 | Review of Statement of the Purpose of a Corporation and report on recommended changes to Governance documents, policies and practices. | Against | Stockholder | Against | With | |
BAYER AG | ||||||
Ticker Symbol:BAYRY | Cusip Number:072730302 | |||||
Record Date: 4/15/2020 | Meeting Date: 4/28/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1 | Distribution of Profit. | For | Issuer | For | With | |
2 | Ratification of actions of the Board of Management. | For | Issuer | For | With | |
3 | Ratification of actions of Supervisory Board. | For | Issuer | For | With | |
4A-C | Election of Supervisory Board nominees. | For | Issuer | For | With | |
5 | Compensation system for Board of Management. | For | Issuer | For | With | |
6 | Compensation of Supervisory Board. | For | Issuer | For | With | |
7 | Amendment of Articles- Supervisory Board Members' term. | For | Issuer | For | With | |
8 | Election of the auditor (full year, half-year and Q3 2020; Q1 2021. | For | Issuer | For | With | |
BERKSHIRE HATHAWAY INC. | ||||||
Ticker Symbol:BRK.B | Cusip Number:084670702 | |||||
Record Date: 3/4/2020 | Meeting Date: 5/2/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1.1-1.14 | Nomination of Directors | For | Issuer | For | With | |
2 | Non-binding resolution to approve compensation of Company's named executive officers, as described in the 2020 Proxy Statement. | For | Issuer | For | With | |
3 | Non-binding resolution to determine the frequency (whether annual, biennial, or triennial) with which shareholders of the Company shall be entitled to have an advisory vote on executive compensation. | For | Issuer | N/A | With | |
4 | Shareholder Proposal regarding diversity. | Against | Issuer | For | With | |
BIOGEN, INC. | ||||||
Ticker Symbol:BIIB | Cusip Number:09062X103 | |||||
Record Date: 4/6/2020 | Meeting Date: 6/3/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A-1L | Election of Directors for one year term. | For | Issuer | For | With | |
2 | To ratify the selection of PricewaterhouseCoopers LLP as independent public accounting firm for teh fiscal year ending December 31, 2020. | For | Issuer | For | With | |
3 | Say on Pay- To approve an advisory vote on executive compensation. | For | Issuer | For | With | |
BNP PARIBAS | ||||||
Ticker Symbol:BNPQY | Cusip Number:05565A202 | |||||
Record Date: 5/11/2020 | Meeting Date: 5/19/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1 | Approval of parent company Financial Statements for the 2019 financial year. | For | Issuer | For | With | |
18-Nov | Compensation Policy for Directors, Executive Officers & others | For | Issuer | For | With | |
19-23 | Delegation of Authority to the Board of Directors to increase share capital. | For | Issuer | For | With | |
2 | Approval of Consolidated Financial Statements for the 2019 financial year. | For | Issuer | For | With | |
24 | Overall limit on authorizations to issue shares with, without... | For | Issuer | For | With | |
25 | Delegation of authority to the Board of directors to conduct transactions of the Company Savings Plan. | For | Issuer | For | With | |
26 | Authorization of the Board of Directors to reduce share capital by cancelling shares. | For | Issuer | For | With | |
27 | Amendment of the Articles of Association to permit appointment of a Director representing employee shareholders. | For | Issuer | For | With | |
28 | Amendment of the Articles of association to permit the Board of directors to take certain decisions by means of written consultation. | For | Issuer | For | With | |
29 | Simplification and adaptation of the Articles of association. | For | Issuer | For | With | |
3 | Appropriation of Net Income for the 2019 financial year. | For | Issuer | For | With | |
30 | Authority to complete legal formalities. | For | Issuer | For | With | |
4 | Special Report of Statutory Auditors on related party. | For | Issuer | For | With | |
5 | Authorization for Board of Directors to purchase company shares. | For | Issuer | For | With | |
10-Jun | Nomination/Reappointment of Directors. | For | Issuer | For | With | |
BRITISH AMERICAN TOBACCO PLC | ||||||
Ticker Symbol:BTI | Cusip Number:110448107 | |||||
Record Date: 4/27/2020 | Meeting Date: 4/30/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1 | Receipt of 2019 Annual Report & Accounts. | For | Issuer | For | With | |
15 | Renewal of Directors authority to allot shares. | For | Issuer | For | With | |
16 | Renewal of Director's authority to disapply pre-emption rights. | For | Issuer | For | With | |
17 | Authority for the Company to purchase its own shares. | For | Issuer | For | With | |
18 | Approval of British American Tobacco Restricted Share Plan. | For | Issuer | For | With | |
19 | Authority to make donations to political organizations and to incur political expenditure. | For | Issuer | For | With | |
2 | Approval of Directors remuneration repor.t | For | Issuer | For | With | |
20 | Notice period for General Meetings. | For | Issuer | For | With | |
3 | Reappointment of the Auditors. | For | Issuer | For | With | |
4 | Authority for Audit Committee to agree to the Auditor remuneration. | For | Issuer | For | With | |
14-May | Election and Re-election of Directors. | For | Issuer | For | With | |
CITIGROUP INC. | ||||||
Ticker Symbol:C | Cusip Number:172967424 | |||||
Record Date: 2/24/2020 | Meeting Date: 4/21/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1a.-1p. | Proposal to elect 16 Directors. | For | Issuer | For | With | |
2 | Proposal to ratify the selection of KPMG LLP as independent registered public accounting firm. | For | Issuer | For | With | |
3 | Advisory vote to approve Citi's 2019 Executive Compensation. | For | Issuer | For | With | |
4 | Approval of Additional Authorized shares under the Citigroup 2019 Stock Incentive Plan. | For | Issuer | For | With | |
5 | Stockholder proposal requesting an amendment to Citi's proxy access by-law provisions pertaining to the aggregation limit. | Against | Stockholder | Against | With | |
6 | Stockholder proposal requesting that the Board review Citi's governance documents & make recommendations to shareholders on how the "Purpose of a Corporation" signed by Citi's CEO can be fully implemented. | Against | Stockholder | Against | With | |
7 | Stockholder proposal requesting a report disclosing information regarding Citi's lobbying policies & activities. | Against | Stockholder | Against | With | |
DIAGEO PLC | ||||||
Ticker Symbol:DEO | Cusip Number:25243Q205 | |||||
Record Date: 9/5/2019 | Meeting Date: 9/19/2019 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1 | Report & Accounts 2019. | For | Issuer | For | With | |
13 | Re-appointment of Auditor. | For | Issuer | For | With | |
14 | Remuneration of Auditor. | For | Issuer | For | With | |
15 | Authority to make political donations and/or incur political expenditure. | For | Issuer | For | With | |
16 | Authority to allot shares. | For | Issuer | For | With | |
17 | Approval of Irish Sharesave scheme. | For | Issuer | For | With | |
18 | Disapplication of pre-emption rights. | For | Issuer | For | With | |
19 | Authority to purchase own shares. | For | Issuer | For | With | |
2 | Directors' remuneration report 2019. | For | Issuer | For | With | |
20 | Reduced notice of General Meeting other than AGM. | For | Issuer | For | With | |
21 | Adoption and approval of new articles of association. | For | Issuer | For | With | |
3 | Declaration of final dividend. | For | Issuer | For | With | |
12-Apr | Election & Re-Election of Directors. | For | Issuer | For | With | |
FACEBOOK, INC. | ||||||
Ticker Symbol:FB | Cusip Number:30303M102 | |||||
Record Date: 4/3/2020 | Meeting Date: 5/27/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1.01-1.09 | Election of Director nominees. | For | Issuer | For | With | |
10 | A stockholder proposal regarding child exploitation. | Against | Stockholder | Against | With | |
11 | A stockholder proposal regarding median gender/racial pay gap. | Against | Stockholder | Against | With | |
2 | To ratify the appointment of Ernst & Young LLP as Facebook, Inc's independent registered public accounting firm for the fiscal year ending December 31, 2020. | For | Issuer | For | With | |
3 | To approve the Director compensation policy. | For | Issuer | For | With | |
4 | Stockholder proposal regarding the change in stockholder voting. | Against | Stockholder | Against | With | |
5 | Stockholder proposal regarding an independent chair. | Against | Stockholder | Against | With | |
6 | A stockholder proposal regarding majority voting for directors. | Against | Stockholder | Against | With | |
7 | A stockholder proposal regarding political advertising. | Against | Stockholder | Against | With | |
8 | A stockholder proposal regarding human/civil rights expert on Board. | Against | Stockholder | Against | With | |
9 | A stockholder proposal regarding a report on civil and human rights risks. | Against | Stockholder | Against | With | |
MASTERCARD INC. | ||||||
Ticker Symbol:MA | Cusip Number:57636Q104 | |||||
Record Date: 4/20/2020 | Meeting Date: 6/16/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A-1N | Election of Directors. | For | Issuer | For | With | |
2 | Advisory approval of Mastercard's executive compensation. | For | Issuer | For | With | |
3 | Ratification of the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for Mastercard for 2020. | For | Issuer | For | With | |
NIKE, INC. | ||||||
Ticker Symbol:NKE | Cusip Number:654106103 | |||||
Record Date: 7/19/2019 | Meeting Date: 9/19/2019 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1.01-1.03 | Election of Directors. | For | Issuer | For | With | |
2 | To approve executive compensation by an advisory vote. | For | Issuer | For | With | |
3 | To ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm. | For | Issuer | For | With | |
T. ROWE PRICE GROUP, INC. | ||||||
Ticker Symbol:TROW | Cusip Number:74144T108 | |||||
Record Date: 3/11/2020 | Meeting Date: 5/12/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A.-1K. | Election of Directors. | For | Issuer | For | With | |
2 | To approve, by a non-binding advisory vote, the compensation paid by the Company to it's Named Executive Officers. | For | Issuer | For | With | |
3 | Ratification of the appointment of KPMG LLP as independent registered public accounting firm for 2020. | For | Issuer | For | With | |
4 | To approve the 2020 Long Term Incentive Plan | For | Issuer | For | With | |
5 | Stockholder proposal for a report on voting by our funds and portfolios on matters related to climate change. | Against | Stockholder | Against | With | |
TAIWAN SEMICONDUCTOR MFG. CO. LTD. | ||||||
Ticker Symbol:TSM | Cusip Number:874039100 | |||||
Record Date: 4/9/2020 | Meeting Date: 6/9/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1 | To accept 2019 Business Report and Financial Statements. | For | Issuer | For | With | |
2 | To revise the Procedures for Lending Funds to Other Parties. | For | Issuer | For | With | |
3 | Election of Directors. | For | Issuer | For | With | |
TEVA PHARMACEUTICAL INDUSTRIES LTD. | ||||||
Ticker Symbol:TEVA | Cusip Number:881624209 | |||||
Record Date: 4/30/2020 | Meeting Date: 6/9/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A.-1D. | Election of Directors. | For | Issuer | For | With | |
2 | To approve on a non-binding advisory basis, the compensation of Teva's named executive officers. | For | Issuer | For | With | |
3 | To approve Teva's 2020 Long Term Equity Based incentive Plan, substantially in the form attached as Appendix A to the Proxy Statement. | For | Issuer | For | With | |
4 | To approve an amendment to the terms of employment of President & CEO. | For | Issuer | For | With | |
5 | To approve an amendment to Teva's Articles of Association. | For | Issuer | For | With | |
6 | To appoint Kesselman & Kesselman, a member of PricewaterhouseCoopers International Ltd., as Teva's independent registered public accounting firm until Teva's 2021 annual meeting of shareholders. | For | Issuer | For | With | |
THE ESTEE LAUDER COMPANIES | ||||||
Ticker Symbol:EL | Cusip Number:518439104 | |||||
Record Date: 9/16/2020 | Meeting Date: 11/15/2019 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1a.-1f. | Election of Class II Directors. | For | Issuer | For | With | |
2 | Ratification of appointment of KPMG LLP as independent auditors for the 2020 fiscal year. | For | Issuer | For | With | |
3 | Advisory vote to approve executive compensation. | For | Issuer | For | With | |
4 | Approval of Estee Lauder Amended & Restated Fiscal 2002 Share Incentive Plan. | For | Issuer | For | With | |
THE HERSHEY COMPANY | ||||||
Ticker Symbol:HSY | Cusip Number:427866108 | |||||
Record Date: 3/13/2020 | Meeting Date: 5/12/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1.1-1.12 | Election of Directors. | For | Issuer | For | With | |
2 | Ratify the appointment of Ernst & Young LLP as independent auditors for 2020. | For | Issuer | For | With | |
3 | Approve named executive officer compensation on non-binding advisory basis. | For | Issuer | For | With | |
THE TJX COMPANIES, INC. | ||||||
Ticker Symbol:TJX | Cusip Number:872540109 | |||||
Record Date: 4/13/2020 | Meeting Date: 6/9/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A-1K | Election of Directors. | For | Issuer | For | With | |
2 | Ratification of appointment of PricewaterhouseCoopers as TJX's independent registered public accounting firm for fiscal 2021. | For | Issuer | For | With | |
3 | Advisory approval of TJX's executive compensation (the say-on-pay vote). | For | Issuer | For | With | |
4 | Shareholder proposal for a report on the reduction in chemical footprint. | Against | Stockholder | Against | With | |
5 | Shareholder proposal for a report on animal welfare. | Against | Stockholder | Against | With | |
6 | Shareholder proposal for setting target amounts for CEO compensation. | Against | Stockholder | Against | With | |
7 | Shareholder proposal for disclosure regarding excecutive share retention. | Against | Stockholder | Against | With | |
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THE WALT DISNEY COMPANY | ||||||
Ticker Symbol:DIS | Cusip Number:254687106 | |||||
Record Date: 1/13/2020 | Meeting Date: 3/11/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1.a -1.i | Election of Directors. | For | Issuer | For | With | |
2 | To ratify the appointment of PricewaterhouseCoopers LLP as the Company's registered public accountants for fiscal 2020. | For | Issuer | For | With | |
3 | To approve advisory resolution to on executive compensation. | For | Issuer | For | With | |
4 | To approve an amendment to the company's 2011 Stock Incentive Plan. | For | Issuer | For | With | |
5 | Shareholder proposal requesting an annual report disclosing information on the Company's lobbying policies and activities. | Against | Stockholder | Against | With | |
UNILEVER PLC | ||||||
Ticker Symbol:UL | Cusip Number:904767704 | |||||
Record Date: 4/16/2020 | Meeting Date: 4/29/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1 | To receive the Report for Accounts for the year ended December 31, 2019. | For | Issuer | For | With | |
15 | To reappoint KPMG as Auditor of the Company. | For | Issuer | For | With | |
16 | To authorize Directors to fix renumeration of the Auditor. | For | Issuer | For | With | |
17 | To authorize Political Donations and Expenditure. | For | Issuer | For | With | |
18 | To renew authorization to Directors to issue new shares. | For | Issuer | For | With | |
19 | To renew authority for Directors to disapply pre-emption rights. | For | Issuer | For | With | |
2 | To approve Directors Renumeration Report. | For | Issuer | For | With | |
20 | To renew authority to Directors to disapply rights for acquisitions and capital investments. | For | Issuer | For | With | |
21 | To renew the authority to the Company to purchase its own shares. | For | Issuer | For | With | |
22 | To shorten the notice period for General Meetings. | For | Issuer | For | With | |
14-Mar | Re-Election of Directors | For | Issuer | For | With | |
UNITED TECHNOLOGIES | ||||||
Ticker Symbol:UTX | Cusip Number:913017109 | |||||
Record Date: 10/1/2019 | Meeting Date: 10/11/2019 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1 | Approve the issuance of UTC common stock to Raytheon shareholders in connection with the merger contemplated by the Agreement and Plan of Merger, dated as of June 9, 2019, by and among Untied Technologies Corporation, Light Merger Sub Corp. and Raytheon Company. | For | Issuer | For | With | |
2 | Approve the adjournment of the UTC Special Meeting to a later date if necessary or appropriate, to solicit additional proxies in the event there are not sufficient votes at teh time of the UTC special meeting to approve the UTC share issuance proposal. | For | Issuer | For | With | |
UNITED TECHNOLOGIES CORPORATION | ||||||
Ticker Symbol:UTX | Cusip Number:913017109 | |||||
Record Date: 3/3/2020 | Meeting Date: 4/27/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A.-1H. | Election of Directors. | For | Issuer | For | With | |
2 | Advisory vote to approve executive compensation. | For | Issuer | For | With | |
3 | Appoint PricewaterhouseCoopers LLP to serve as Independent Auditor for 2020. | For | Issuer | For | With | |
4 | Shareholder proposal regarding a Simple Majority Vote Requirement. | Abstained | Stockholder | N/A | N/A | |
5 | Shareholder proposal to create a committee to prepare a report regarding the Impact of Plant Closures on Communities and Alternatives to Help Mitigate the Effects. | Against | Stockholder | Against | With | |
VALERO ENERGY CORPORATION | ||||||
Ticker Symbol:VLO | Cusip Number:91913Y100 | |||||
Record Date: 4/4/2020 | Meeting Date: 4/30/2020 | |||||
Proposal # | Proposal | Vote | Author | MRV* | vs. Mgmt | |
1A.-1K. | Election of Directors. | For | Issuer | For | With | |
2 | Ratify the appointment of KPMG LLP as Valero's independent registered public accounting firm for 2020. | For | Issuer | For | With | |
3 | Approve, by non-binding vote, the 2019 compensation of our named executive officers. | For | Issuer | For | With | |
4 | Approve 2020 Omnibus Stock Incentive Plan. | For | Issuer | For | With | |
* Management Recommended Vote |
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.
MUNDOVAL FUNDS
By: /s/Arthur Q. Johnson
Arthur Q. Johnson, President
Date: August 11, 2020