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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-21701
Destination Funds | |
Exact name of registrant as specified in charter) | |
Three Ygnacio Center 2001 North Main Street, Suite 270 Walnut Creek, California | 94596 |
(Address of principal executive offices) | (Zip code) |
Wade R. Bridge Ultimus Fund Solutions, LLC 225 Pictoria Drive, Suite 450 Cincinnati, Ohio 45246 | |
(Name and address of agent for service) |
Registrant’s telephone number, including area code: (925) 935-2900
Date of fiscal year end: Aug 31
Date of reporting period: July 1, 2005 - June 30, 2006
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 roles.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control 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.
SEC 2451 (4-03) | Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
ITEM 1. PROXY VOTING RECORD:
Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30 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. |
[See General Instruction F]
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.
* Print the name and title of each signing officer under his or her signature.
(Registrant) | Destination Funds | |
By (Signature and Title)* | /s/ Michael A. Yoshikami | |
Michael A. Yoshikami, President |
Date: August 7, 2006
EXHIBIT A
DESTINATION SELECT EQUITY FUND | ||||||||
7/01/05 to 6/30/06 |
Common Stock Name | Ticker | CUSIP | Shareholder Meeting Date | Agenda Item Description | Issuer/Security Holder | Did Fund Vote? | Vote Cast by Fund | For/Against Management |
Automatic Data Processing | ADP | 053015103 | 5-Nov-05 | No | N/A | |||
Aim Liquid Assets | AIMLIQ | 992699009 | No | N/A | N/A | |||
Baxter Intl Inc | BAX | 071813109 | May 9, 2006 | No | N/A | N/A | ||
Carnival Corp | CCL | 143658300 | April 20, 2006 | Election of Directors | ||||
Elect Mickey Arison | Issuer | Yes | For | For | ||||
Elect Richard Capen Jr | Issuer | Yes | For | For | ||||
Elect Robert Dickinson | Issuer | Yes | Withold | Against | ||||
Elect Arnold Donald | Issuer | Yes | For | For | ||||
Elect Pier Foschi | Issuer | Yes | For | For | ||||
Elect Howard Frank | Issuer | Yes | For | For | ||||
Elect Richard Glasier | Issuer | Yes | For | For | ||||
Elect Baroness Hogg | Issuer | Yes | For | For | ||||
Elect A. Kirk Lanterman | Issuer | Yes | Withold | Against | ||||
Elect Modesto Maidique | Issuer | Yes | For | For | ||||
Elect Sir John Parker | Issuer | Yes | For | For | ||||
Elect Peter Ratcliffe | Issuer | Yes | For | For | ||||
Elect Stuart Subotnik | Issuer | Yes | For | For | ||||
Elect Uzi Zucker | Issuer | Yes | For | For | ||||
Appointment of Auditor | Issuer | Yes | For | For | ||||
Authority to set Auditors Fees | Issuer | Yes | For | For | ||||
Accounts and Reports | Issuer | Yes | For | For | ||||
Directors Remuneration Report | Issuer | Yes | For | For | ||||
Authority to issue shares with Preemptive rights | Issuer | Yes | For | For | ||||
Authority to issue shares w/o preemptive rights | Issuer | Yes | For | For | ||||
Authority to repurchase shares | Issuer | Yes | For | For | ||||
Capital One Finl Corp | COF | 14040H105 | April 27, 2006 | Election of Directors | ||||
Elect Richard Fairbank | Issuer | Yes | For | For | ||||
Elect ER Campbell | Issuer | Yes | For | For | ||||
Elect Stanley Westreich | Issuer | Yes | Withold | Against | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Amendment to the 2004 Stock Incentive Plan | Issuer | Yes | For | For | ||||
Shareholder Proposal Regarding Directo Election Majority Vote Standard | Shareholder | Yes | For | Against | ||||
Costco WHSL Corp | COST | 22160K105 | January 25, 2006 | Election of Directors | ||||
Elect James D Sinegal | Issuer | Yes | For | For | ||||
Elect Jeffrey H Brotman | Issuer | Yes | For | For | ||||
Elect Richard A Galanti | Issuer | Yes | Withold | Against | ||||
Elect Daniel J Givens | Issuer | Yes | For | For | ||||
Amendment to the 2002 Stock Incentive Plan | Issuer | Yes | For | For | ||||
Shareholder Proposal Regarding Repealing a Classified Board | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding Vendor Code of Conduct | Shareholder | Yes | Against | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Disnet Walt Co | DIS | 254687106 | March 10, 2006 | Election of Directors | ||||
Elect John Bryson | Issuer | Yes | For | For | ||||
Elect John Chen | Issuer | Yes | For | For | ||||
Elect Judith Estrin | Issuer | Yes | For | For | ||||
Elect Robert Iger | Issuer | Yes | For | For | ||||
Elect Fred Langammer | Issuer | Yes | For | For | ||||
Elect Aylwin Lewis | Issuer | Yes | For | For | ||||
Elect Monica Lozano | Issuer | Yes | For | For | ||||
Elect Robert Matschullat | Issuer | Yes | For | For | ||||
Elect George Mitchell | Issuer | Yes | Withold | Against | ||||
Elect Leo O'Donovan | Issuer | Yes | For | For | ||||
Elect John Pepper Jr | Issuer | Yes | For | For | ||||
Elect Orin Smith | Issuer | Yes | For | For | ||||
Elect Gary L Wilson | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Shareholder Proposal regarding Greenmail | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding China Labor Standards | Shareholder | Yes | Against | For | ||||
Dreamworks Animation | DWA | 26153C103 | May 10, 2006 | Election of Directors | ||||
Elect Jeffrey Katzenberg | Issuer | Yes | For | For | ||||
Elect Roger Enrico | Issuer | Yes | For | For | ||||
Elect Paul G Allen | Issuer | Yes | For | For | ||||
Elect Karl von der Heyden | Issuer | Yes | Withold | Against | ||||
Elect David Geffen | Issuer | Yes | For | For | ||||
Elect Mellody Hobson | Issuer | Yes | For | For | ||||
Elect Nathan Myhrvold | Issuer | Yes | For | For | ||||
Elect Howard Schultz | Issuer | Yes | For | For | ||||
Elect Margaret Whitman | Issuer | Yes | For | For | ||||
Elect Judson Green | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
First Data Corp | FDC | 319963104 | May 10, 2006 | Election of Directors | ||||
Elect Daniel Burnham | Issuer | Yes | Withold | Against | ||||
Elect Jack Greenberg | Issuer | Yes | For | For | ||||
Elect Courtney Jones | Issuer | Yes | For | For | ||||
Elect Charles Russell | Issuer | Yes | Withold | Against | ||||
Ratification of the election of David Coulter | Issuer | Yes | For | For | ||||
Ratification of the Election of Henry Duques | Issuer | Yes | For | For | ||||
Ratification of the Election of Peter Ellwood | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Fifth Third Bancorp | FITB | 316773100 | March 28, 2006 | Election of Directors | ||||
Elect John Barrett | Issuer | Yes | For | For | ||||
Elect George Schaefer Jr | Issuer | Yes | For | For | ||||
Elect John Shiff Jr | Issuer | Yes | For | For | ||||
Elect Dudley Taft | Issuer | Yes | For | For | ||||
Elimination of Super-Majority Requirement | Issuer | Yes | For | For | ||||
Amendment to Declassify the Board | Issuer | Yes | For | For | ||||
Amendment to the 1993 Stock Purchase Plan | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Gannett Inc | GCI | 364730101 | April 18, 2006 | No | N/A | N/A | ||
General Electric | GE | 369604103 | April 26, 2006 | Election of Directors | ||||
Elect James Cash Jr PhD | Issuer | Yes | Withold | Against | ||||
Elect Sir William Castell | Issuer | Yes | For | For | ||||
Elect Ann Fudge | Issuer | Yes | Withold | Against | ||||
Elect Claudio Gonzalez | Issuer | Yes | Withold | Against | ||||
Elect Jeffrey Immelt | Issuer | Yes | For | For | ||||
Elect Andrea Jung | Issuer | Yes | For | For | ||||
Elect A Lafley | Issuer | Yes | For | For | ||||
Elect Robert Lane | Issuer | Yes | For | For | ||||
Elect Ralph Larsen | Issuer | Yes | For | For | ||||
Elect Rochelle Lazarus | Issuer | Yes | For | For | ||||
Elect Sam Nunn | Issuer | Yes | For | For | ||||
Elect Roger Penske | Issuer | Yes | Withold | Against | ||||
Elect Robert Swieringa | Issuer | Yes | Withold | Against | ||||
Elect Douglas Warner III | Issuer | Yes | Withold | Against | ||||
Elect Robert Wright | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | Against | Against | ||||
Shareholder Proposal Regarding Cumulative Voting | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding Curbing Over-Extended Directors | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding a Retiree Director Nominee | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Independent Board Chairman | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding Director Election Majority Vote Standard | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding a Report on Global Warming Science | Shareholder | Yes | Against | For | ||||
Home Depot | HD | 437076102 | May 25, 2006 | No | N/A | N/A | ||
Johnson & Johnson | JNJ | 478160104 | April 27, 2006 | Election of Directors | ||||
Elect Mary Coleman | Issuer | Yes | For | For | ||||
Elect James Cullen | Issuer | Yes | For | For | ||||
Elect Robert Daretta | Issuer | Yes | Withold | Against | ||||
Elect Michael Johns | Issuer | Yes | For | For | ||||
Elect Ann Jordan | Issuer | Yes | For | For | ||||
Elect Arnold Langbo | Issuer | Yes | For | For | ||||
Elect Susan Lindquist | Issuer | Yes | For | For | ||||
Elect Leo Mullin | Issuer | Yes | For | For | ||||
Elect Christine Poon | Issuer | Yes | For | For | ||||
Elect Charles Prince | Issuer | Yes | Withold | Against | ||||
Elect Steven Reinemund | Issuer | Yes | For | For | ||||
Elect David Satcher MD PhD | Issuer | Yes | For | For | ||||
Elect William Weldon | Issuer | Yes | For | For | ||||
Amendment to Certificate of Incorporation | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Shareholder Proposal Regarding Charitable Contributions | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Majority Vote | Shareholder | Yes | For | Against | ||||
Coca Cola Co | KO | 191216100 | April 19, 2006 | Election of Directors | ||||
Elect Herbert Allen | Issuer | Yes | For | For | ||||
Elect Ronald Allen | Issuer | Yes | For | For | ||||
Elect Kathleen Black | Issuer | Yes | For | For | ||||
Elect Barry Diller | Issuer | Yes | For | For | ||||
Elect E Neville Isdell | Issuer | Yes | For | For | ||||
Elect Donald R Keough | Issuer | Yes | For | For | ||||
Elect Donald McHenry | Issuer | Yes | For | For | ||||
Elect Sam Nunn | Issuer | Yes | Withold | Against | ||||
Elect James Robinson III | Issuer | Yes | For | For | ||||
Elect Peter Ueberroth | Issuer | Yes | For | For | ||||
Elect James William | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Amendment to 1989 Restricted Stock Award Plan | Issuer | Yes | For | For | ||||
Shareholder Proposal Regarding Reviewing Charitable Spending | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Reviewing Energy Efficiency & Renewals | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Performance-Based Restricted Stock | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Sustainability Report | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding an Independent Delegtion of inquiry to Canada | Shareholder | Yes | Against | For | ||||
Microsoft Corp | MSFT | 594918104 | November 9, 2005 | No | N/A | N/A | ||
Pfizer Inc | PFE | 717081103 | April 27, 2006 | Election of Directors | ||||
Elect Michael Brown | Issuer | Yes | For | For | ||||
Elect M Anthony Burns | Issuer | Yes | Withold | Against | ||||
Elect Robert Burt | Issuer | Yes | For | For | ||||
Elect W Don Cornwell | Issuer | Yes | For | For | ||||
Elect William Gray III | Issuer | Yes | For | For | ||||
Elect Constance Horner | Issuer | Yes | For | For | ||||
Elect William Howell | Issuer | Yes | For | For | ||||
Elect Stanley Ikenberry | Issuer | Yes | For | For | ||||
Elect George Lorch | Issuer | Yes | For | For | ||||
Elect Henry McKinell | Issuer | Yes | For | For | ||||
Elect Dana Mead | Issuer | Yes | For | For | ||||
Elect Ruth Simmons | Issuer | Yes | For | For | ||||
Elect William Steere Jr | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Elimination of Supermajority Requirement | Issuer | Yes | For | For | ||||
Shareholder Proposal Regarding Director Term Limits | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Drug Pricing | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Cumulative Voting | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding Independent Board Chairman | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding Reviewing Political Spending or Lobbying | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Animal Welfare | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Animal Welfare | Shareholder | Yes | Against | For | ||||
Proctor & Gamble | PG | 742718109 | October 11, 2005 | No | N/A | N/A | ||
Aramark | RMK | 038521100 | February 7, 2006 | Election of Directors | ||||
Elect Patricia Barron | Issuer | Yes | For | For | ||||
Elect Ronald R Davenport | Issuer | Yes | For | For | ||||
Elect Karl von der Heyden | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Stryker | SYK | 863667101 | April 27, 2006 | Election of Directors | ||||
Elect John Brown | Issuer | Yes | For | For | ||||
Elect Howard Cox Jr | Issuer | Yes | For | For | ||||
Elect Donald Engelman PhD | Issuer | Yes | Withold | Against | ||||
Elect Jerome Grossman MD | Issuer | Yes | For | For | ||||
Elect Steven Macmillan | Issuer | Yes | For | For | ||||
Elect William Parfet | Issuer | Yes | Withold | Against | ||||
Elect Ronda Stryker | Issuer | Yes | For | For | ||||
2006 Long-Term Incentive Plan | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
U S Bancorp | USB | 902973304 | April 18, 2006 | Election of Directors | ||||
Elect Peter Coors | Issuer | Yes | For | For | ||||
Elect Jerry Grundhofer | Issuer | Yes | For | For | ||||
Elect Patrick Stokes | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | Against | For | ||||
2006 Executive Incentive Plan | Issuer | Yes | For | For | ||||
Shareholder Proposal Regarding Declassification of the Board | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding Compensation Committee Report | Shareholder | Yes | For | Against | ||||
Viacom Inc | VIAB | 92553P201 | May 24, 2006 | Election of Directors | ||||
Elect George S Abrams | Issuer | Yes | Withold | Against | ||||
Elect Phillipe P Dauman | Issuer | Yes | For | For | ||||
Elect Thomas E Dooley | Issuer | Yes | For | For | ||||
Elect Thoas E Freston | Issuer | Yes | For | For | ||||
Elect Ellen V Futter | Issuer | Yes | For | For | ||||
Elect Alan C Greenberg | Issuer | Yes | For | For | ||||
Elect Robert K Kraft | Issuer | Yes | For | For | ||||
Elect Charles E Phillips Jr | Issuer | Yes | For | For | ||||
Elect Shari Redstone | Issuer | Yes | For | For | ||||
Elect Sumner M Redstone | Issuer | Yes | For | For | ||||
Elect Frederic V Salerno | Issuer | Yes | Withold | Against | ||||
Elect William Schwartz | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Wal Mart | WMT | 931142103 | June 6, 2006 | Election of Directors | ||||
Elect Aida Alvarez | Issuer | Yes | For | For | ||||
Elect James Breyer | Issuer | Yes | For | For | ||||
Elect M. Michele Burns | Issuer | Yes | For | For | ||||
Elect James Cash Jr | Issuer | Yes | For | For | ||||
Elect Douglas Daft | Issuer | Yes | For | For | ||||
Elect David Glass | Issuer | Yes | For | For | ||||
Elect Roland Hernandez | Issuer | Yes | Withold | Against | ||||
Elect H Lee Scott Jr | Issuer | Yes | For | For | ||||
Elect Jack Shewmaker | Issuer | Yes | For | For | ||||
Elect Jim Walton | Issuer | Yes | For | For | ||||
Elect S Robson Walton | Issuer | Yes | For | For | ||||
Elect Christopher Williams | Issuer | Yes | For | For | ||||
Elect Linda Wolf | Issuer | Yes | For | For | ||||
Ratification of Auditor | Issuer | Yes | For | For | ||||
Shareholder Proposal Regarding Poultry Slaughter | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Political Contributions Report | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Election of Directors by Majority Vote | Shareholder | Yes | For | Against | ||||
Shareholder Proposal Regarding Sustainability Report | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Compensation Disparity | Shareholder | Yes | Against | For | ||||
Shareholder Proposal Regarding Compensation Glass Ceiling | Shareholder | Yes | Against | For | ||||
Wrigley WM Jr | WWY | 982526105 | April 4, 2006 | Election of Directors | ||||
Elect John Bard | Issuer | Yes | For | For | ||||
Elect Howard Bernick | Issuer | Yes | For | For | ||||
Elect Melinda Rich | Issuer | Yes | Withold | Against | ||||
2007 Management Incentive Plan | Issuer | Yes | For | For | ||||
One Time Distribution of Class B Common Stock to all Stockholders | Issuer | Yes | Against | Against | ||||
Approval of an increase in the Automatic Conversion Threshold for Class B Shares | Issuer | Yes | For | For | ||||
Deferment of the Automatic Conversion of Class B Common Stock | Issuer | Yes | Against | Against | ||||
Ratification of Auditor | Issuer | Yes | For | For |