| ITEM 1. | PROXY VOTING RECORD: |
Attached are the filings for the following funds, each of which is a series of the 360 Funds:
FOUNDRY MICRO CAP FUND
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
SeaChange International, Inc.
Meeting Date: 07/15/2015 | Country: USA | Primary Security ID: 811699107 |
Record Date: 05/20/2015 | Meeting Type: Annual | Ticker: SEAC |
| | Shares Voted: 1,675 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1a | Elect Director Jay Samit | Mgmt | For | For | For |
| 1b | Elect Director Carmine Vona | Mgmt | For | For | For |
| 1c | Elect Director Royce E. Wilson | Mgmt | For | For | For |
| 2 | Approve Qualified Employee Stock Purchase Plan | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
| 4 | Ratify Grant Thornton LLP as Auditors | Mgmt | For | For | For |
Perry Ellis International, Inc.
Meeting Date: 07/17/2015 | Country: USA | Primary Security ID: 288853104 |
Record Date: 05/22/2015 | Meeting Type: Annual | Ticker: PERY |
| | Shares Voted: 495 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Oscar Feldenkreis | Mgmt | For | For | For |
| 1.2 | Elect Director Bruce J. Klatsky | Mgmt | For | For | For |
| 1.3 | Elect Director Michael W. Rayden | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Perry Ellis International, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
| 4 | Ratify PricewaterhouseCoopers LLP as Auditors | Mgmt | For | For | For |
| 5 | Declassify the Board of Directors | SH | None | For | For |
CRA International, Inc.
Meeting Date: 07/22/2015 | Country: USA | Primary Security ID: 12618T105 |
Record Date: 05/13/2015 | Meeting Type: Special | Ticker: CRAI |
| | Shares Voted: 225 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Robert Holthausen | Mgmt | For | For | For |
| 1.2 | Elect Director Nancy Hawthorne | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Omnibus Stock Plan | Mgmt | For | Against | Against |
| 4 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
Columbus McKinnon Corporation
Meeting Date: 07/27/2015 | Country: USA | Primary Security ID: 199333105 |
Record Date: 06/01/2015 | Meeting Type: Annual | Ticker: CMCO |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Columbus McKinnon Corporation | |
| | Shares Voted: 475 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Ernest R. Verebelyi | Mgmt | For | For | For |
| 1.2 | Elect Director Timothy T. Tevens | Mgmt | For | For | For |
| 1.3 | Elect Director Richard H. Fleming | Mgmt | For | For | For |
| 1.4 | Elect Director Stephen Rabinowitz | Mgmt | For | For | For |
| 1.5 | Elect Director Linda A. Goodspeed | Mgmt | For | For | For |
| 1.6 | Elect Director Nicholas T. Pinchuk | Mgmt | For | For | For |
| 1.7 | Elect Director Liam G. McCarthy | Mgmt | For | For | For |
| 1.8 | Elect Director R. Scott Trumbull | Mgmt | For | For | For |
| 1.9 | Elect Director Heath A. Mitts | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 4 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
Silicom Ltd.
Meeting Date: 07/28/2015 | Country: Israel | Primary Security ID: M84116108 |
Record Date: 06/29/2015 | Meeting Type: Annual | Ticker: SILC |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Silicom Ltd. | | |
| | Shares Voted: 80 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1 | Reelect Avi Eizenman and Yeshayahu (Shaike) Orbach as Directors Until the End of the Next Annual General Meeting | Mgmt | For | For | For |
| 2 | Elect Eli Doron as Director Until the End of the Next Annual General Meeting | Mgmt | For | For | For |
| 3 | Grant Avi Eizenman, Chairman, Options to Purchase 13,333 Shares | Mgmt | For | For | For |
| 4 | Grant Yeshayahu (Shaike) Orbach, CEO, Options to Purchase 13,333 Shares | Mgmt | For | For | For |
| 5 | Reappoint Somekh Chaikin as Auditors and Authorize Board to Fix Their Remuneration | Mgmt | For | For | For |
| 6 | Discuss Financial Statements and the Report of the Board for 2014 | Mgmt | | | |
| 7 | Transact Other Business (Non-Voting) | Mgmt | | | |
| A | Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager | Mgmt | None | Refer | Against |
Spok Holdings, Inc.
Meeting Date: 07/29/2015 | Country: USA | Primary Security ID: 84863T106 |
Record Date: 06/03/2015 | Meeting Type: Annual | Ticker: SPOK |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Spok Holdings, Inc. | | |
| | Shares Voted: 490 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director N. Blair Butterfield | Mgmt | For | For | For |
| 1.2 | Elect Director Nicholas A. Gallopo | Mgmt | For | For | For |
| 1.3 | Elect Director Stacia A. Hylton | Mgmt | For | For | For |
| 1.4 | Elect Director Vincent D. Kelly | Mgmt | For | For | For |
| 1.5 | Elect Director Brian O'Reilly | Mgmt | For | For | For |
| 1.6 | Elect Director Matthew Oristano | Mgmt | For | For | For |
| 1.7 | Elect Director Samme L. Thompson | Mgmt | For | For | For |
| 1.8 | Elect Director Royce Yudkoff | Mgmt | For | For | For |
| 2 | Ratify Grant Thornton LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Hill International, Inc.
Meeting Date: 08/07/2015 | Country: USA | Primary Security ID: 431466101 |
Record Date: 04/15/2015 | Meeting Type: Proxy Contest | Ticker: HIL |
| | Shares Voted: 4,640 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| | Management Proxy Card | Mgmt | | | |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Hill International, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Camille S. Andrews | Mgmt | For | Do Not Vote | Do Not Vote |
| 1.2 | Elect Director Brian W. Clymer | Mgmt | For | Do Not Vote | Do Not Vote |
| 2 | Amend Executive Incentive Bonus Plan | Mgmt | For | Do Not Vote | Do Not Vote |
| 3 | Hire Advisor/Maximize Shareholder Value | SH | Against | Do Not Vote | Do Not Vote |
| 4 | Amend Terms of Existing Poison Pill | SH | Against | Do Not Vote | Do Not Vote |
| | Dissident Proxy Card | Mgmt | | | |
| 1.1 | Elect Directors Andrew Dakos | SH | For | For | For |
| 1.2 | Elect Directors Phillip Goldstein | SH | For | For | For |
| 2 | Amend Executive Incentive Bonus Plan | Mgmt | Against | For | For |
| 3 | Hire Advisor/Maximize Shareholder Value | SH | For | For | For |
| 4 | Amend Terms of Existing Poison Pill | SH | For | For | For |
Black Box Corporation
Meeting Date: 08/11/2015 | Country: USA | Primary Security ID: 091826107 |
Record Date: 06/15/2015 | Meeting Type: Annual | Ticker: BBOX |
| | Shares Voted: 620 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Richard L. Crouch | Mgmt | For | For | For |
| 1.2 | Elect Director Richard C. Elias | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Black Box Corporation
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.3 | Elect Director Thomas W. Golonski | Mgmt | For | For | For |
| 1.4 | Elect Director Thomas G. Greig | Mgmt | For | For | For |
| 1.5 | Elect Director John S. Heller | Mgmt | For | For | For |
| 1.6 | Elect Director William H. Hernandez | Mgmt | For | For | For |
| 1.7 | Elect Director Michael McAndrew | Mgmt | For | For | For |
| 1.8 | Elect Director Joel T. Trammell | Mgmt | For | For | For |
| 2 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Destination XL Group, Inc.
Meeting Date: 08/13/2015 | Country: USA | Primary Security ID: 25065K104 |
Record Date: 06/25/2015 | Meeting Type: Annual | Ticker: DXLG |
| | Shares Voted: 2,675 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Seymour Holtzman | Mgmt | For | For | For |
| 1.2 | Elect Director David A. Levin | Mgmt | For | For | For |
| 1.3 | Elect Director Alan S. Bernikow | Mgmt | For | For | For |
| 1.4 | Elect Director Jesse Choper | Mgmt | For | For | For |
| 1.5 | Elect Director John E. Kyees | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Destination XL Group, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.6 | Elect Director Willem Mesdag | Mgmt | For | For | For |
| 1.7 | Elect Director Ward K. Mooney | Mgmt | For | For | For |
| 1.8 | Elect Director George T. Porter, Jr. | Mgmt | For | For | For |
| 1.9 | Elect Director Mitchell S. Presser | Mgmt | For | For | For |
| 1.10 | Elect Director Ivy Ross | Mgmt | For | For | For |
| 2 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 4 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
American Software, Inc.
Meeting Date: 08/17/2015 | Country: USA | Primary Security ID: 029683109 |
Record Date: 07/02/2015 | Meeting Type: Annual | Ticker: AMSWA |
| | Shares Voted: 1,670 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director W. Dennis Hogue | Mgmt | For | For | For |
| 1.2 | Elect Director John J. Jarvis | Mgmt | For | For | For |
| 1.3 | Elect Director James B. Miller, Jr. | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Stock Option Plan | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
American Software, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 4 | Amend Stock Option Plan | Mgmt | For | For | For |
| 5 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Electro Scientific Industries, Inc.
Meeting Date: 08/18/2015 | Country: USA | Primary Security ID: 285229100 |
Record Date: 06/15/2015 | Meeting Type: Annual | Ticker: ESIO |
| | Shares Voted: 1,700 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director John Medica | Mgmt | For | For | For |
| 1.2 | Elect Director Raymond A. Link | Mgmt | For | For | For |
| 1.3 | Elect Director Laurence E. Cramer | Mgmt | For | For | For |
| 1.4 | Elect Director David Nierenberg | Mgmt | For | For | For |
| 1.5 | Elect Director Richard H. Wills | Mgmt | For | For | For |
| 2 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
IXYS Corporation
Meeting Date: 08/28/2015 | Country: USA | Primary Security ID: 46600W106 |
Record Date: 07/02/2015 | Meeting Type: Annual | Ticker: IXYS |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| IXYS Corporation |
| | Shares Voted: 995 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Donald L. Feucht | Mgmt | For | For | For |
| 1.2 | Elect Director Samuel Kory | Mgmt | For | For | For |
| 1.3 | Elect Director S. Joon Lee | Mgmt | For | For | For |
| 1.4 | Elect Director Timothy A. Richardson | Mgmt | For | For | For |
| 1.5 | Elect Director Uzi Sasson | Mgmt | For | For | For |
| 1.6 | Elect Director James M. Thorburn | Mgmt | For | For | For |
| 1.7 | Elect Director Kenneth D. Wong | Mgmt | For | For | For |
| 1.8 | Elect Director Nathan Zommer | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
CECO Environmental Corp.
Meeting Date: 09/02/2015 | Country: USA | Primary Security ID: 125141101 |
Record Date: 07/30/2015 | Meeting Type: Special | Ticker: CECE |
| | Shares Voted: 1,500 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1 | Issue Shares in Connection with Merger | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
CECO Environmental Corp.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 2 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
| 3 | Adjourn Meeting | Mgmt | For | For | For |
Daktronics, Inc.
Meeting Date: 09/02/2015 | Country: USA | Primary Security ID: 234264109 |
Record Date: 06/29/2015 | Meeting Type: Annual | Ticker: DAKT |
| | Shares Voted: 1,155 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Byron J. Anderson | Mgmt | For | For | For |
| 1.2 | Elect Director Reece A. Kurtenbach | Mgmt | For | For | For |
| 1.3 | Elect Director John P. Friel | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 4 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
Independence Realty Trust, Inc.
Meeting Date: 09/15/2015 | Country: USA | Primary Security ID: 45378A106 |
Record Date: 07/08/2015 | Meeting Type: Special | Ticker: IRT |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Independence Realty Trust, Inc. |
| | Shares Voted: 2,105 |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1 | Issue Shares in Connection with Merger | Mgmt | For | For | For |
| 2 | Adjourn Meeting | Mgmt | For | For | For |
Westell Technologies, Inc.
Meeting Date: 09/16/2015 | Country: USA | Primary Security ID: 957541105 |
Record Date: 07/21/2015 | Meeting Type: Annual | Ticker: WSTL |
| | Shares Voted: 4,100 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director J. Thomas Gruenwald | Mgmt | For | For | For |
| 1.2 | Elect Director Fared Adib | Mgmt | For | For | For |
| 1.3 | Elect Director Jeannie H. Diefenderfer | Mgmt | For | For | For |
| 1.4 | Elect Director Robert W. Foskett | Mgmt | For | Withhold | Withhold |
| 1.5 | Elect Director Dennis O. Harris | Mgmt | For | For | For |
| 1.6 | Elect Director Martin D. Hernandez | Mgmt | For | For | For |
| 1.7 | Elect Director Eileen A. Kamerick | Mgmt | For | For | For |
| 1.8 | Elect Director Robert C. Penny, III | Mgmt | For | Withhold | Withhold |
| 2 | Approve Omnibus Stock Plan | Mgmt | For | Against | Against |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Westell Technologies, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 3 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Saratoga Investment Corp.
Meeting Date: 09/30/2015 | Country: USA | Primary Security ID: 80349A208 |
Record Date: 08/12/2015 | Meeting Type: Annual | Ticker: SAR |
| | Shares Voted: 570 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Christian L. Oberbeck | Mgmt | For | For | For |
| 1.2 | Approve Issuance of Shares Below Net Asset Value (NAV) | Mgmt | For | For | For |
| 1.3 | Adjourn Meeting | Mgmt | For | For | For |
Ruby Tuesday, Inc.
Meeting Date: 10/07/2015 | Country: USA | Primary Security ID: 781182100 |
Record Date: 08/17/2015 | Meeting Type: Annual | Ticker: RT |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Ruby Tuesday, Inc.
Proposal
Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1a | Elect Director F. Lane Cardwell, Jr. | Mgmt | For | For | For |
| 1b | Elect Director Kevin T. Clayton | Mgmt | For | For | For |
| 1c | Elect Director Jeffrey J. O'Neill | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
| 4 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
| 5 | Approve Executive Incentive Bonus Plan | Mgmt | For | For | For |
Concurrent Computer Corporation
Meeting Date: 10/27/2015 | Country: USA | Primary Security ID: 206710402 |
Record Date: 08/31/2015 | Meeting Type: Annual | Ticker: CCUR |
| | Shares Voted: 1,875 | |
Proposal
Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Charles Blackmon | Mgmt | For | For | For |
| 1.2 | Elect Director Derek J. Elder | Mgmt | For | For | For |
| 1.3 | Elect Director Larry L. Enterline | Mgmt | For | For | For |
| 1.4 | Elect Director C. Shelton James | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Concurrent Computer Corporation
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.5 | Elect Director Steve G. Nussrallah | Mgmt | For | For | For |
| 1.6 | Elect Director Robert M. Pons | Mgmt | For | For | For |
| 1.7 | Elect Director Dilip Singh | Mgmt | For | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
GAIN Capital Holdings, Inc.
Meeting Date: 11/30/2015 | Country: USA | Primary Security ID: 36268W100 |
Record Date: 10/08/2015 | Meeting Type: Annual | Ticker: GCAP |
| | Shares Voted: 2,165 | |
Proposal
Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Christopher Sugden | Mgmt | For | Against | Against |
| 2 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
| 3 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
HomeTrust Bancshares, Inc.
Meeting Date: 11/30/2015 | Country: USA | Primary Security ID: 437872104 |
Record Date: 09/25/2015 | Meeting Type: Annual | Ticker: HTBI |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
HomeTrust Bancshares, Inc.
Proposal
Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Sidney A. Biesecker | Mgmt | For | Withhold | Withhold |
| 1.2 | Elect Director Robert G. Dinsmore, Jr. | Mgmt | For | For | For |
| 1.3 | Elect Director Larry S. McDevitt | Mgmt | For | Withhold | Withhold |
| 1.4 | Elect Director Peggy C. Melville | Mgmt | For | For | For |
| 2 | Amendment of Tax Benefits Preservation Plan | Mgmt | For | For | For |
| 3 | Ratify Dixon Hughes Goodman LLP as Auditors | Mgmt | For | For | For |
Evolution Petroleum Corporation
Meeting Date: 12/03/2015 | Country: USA | Primary Security ID: 30049A107 |
Record Date: 10/12/2015 | Meeting Type: Annual | Ticker: EPM |
| | Shares Voted: 750 | |
Proposal
Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Edward J. DiPaolo | Mgmt | For | For | For |
| 1.2 | Elect Director William E. Dozier | Mgmt | For | For | For |
| 1.3 | Elect Director Robert S. Herlin | Mgmt | For | For | For |
| 1.4 | Elect Director Kelly W. Loyd | Mgmt | For | For | For |
| 1.5 | Elect Director Gene G. Stoever | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Evolution Petroleum Corporation
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 2 | Ratify Hein & Associates LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Celadon Group, Inc.
Meeting Date: 12/11/2015 | Country: USA | Primary Security ID: 150838100 |
Record Date: 10/13/2015 | Meeting Type: Annual | Ticker: CGI |
| | Shares Voted: 1,205 | |
Proposal
Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Stephen Russell - RESIGNED | Mgmt | | | |
| 1.2 | Elect Director Catherine Langham | Mgmt | For | Withhold | Withhold |
| 1.3 | Elect Director Michael Miller | Mgmt | For | Withhold | Withhold |
| 1.4 | Elect Director Paul Will | Mgmt | For | For | For |
| 1.5 | Elect Director Robert Long | Mgmt | For | Withhold | Withhold |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
Xcerra Corporation
Meeting Date: 12/16/2015 | Country: USA | Primary Security ID: 98400J108 |
Record Date: 10/22/2015 | Meeting Type: Annual | Ticker: XCRA |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Xcerra Corporation |
| | Shares Voted: 2,740 |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Roger W. Blethen | Mgmt | For | For | For |
| 1.2 | Elect Director Roger J. Maggs | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
| 3 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
| 4 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
Meeting Date: 01/07/2016 | Country: Canada | Primary Security ID: 302046107 |
Record Date: 11/09/2015 | Meeting Type: Annual | Ticker: EXF |
| | Shares Voted: 1,815 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Pierre-Paul Allard | Mgmt | For | For | For |
| 1.2 | Elect Director François Côté | Mgmt | For | For | For |
| 1.3 | Elect Director Darryl Edwards | Mgmt | For | For | For |
| 1.4 | Elect Director Germain Lamonde | Mgmt | For | For | For |
| 1.5 | Elect Director Claude Séguin | Mgmt | For | For | For |
| 1.6 | Elect Director Randy E. Tornes | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
EXFO Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 2 | Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration | Mgmt | For | For | For |
Meta Financial Group, Inc.
Meeting Date: 01/25/2016 | Country: USA | Primary Security ID: 59100U108 |
Record Date: 11/27/2015 | Meeting Type: Annual | Ticker: CASH |
| | Shares Voted: 1,115 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director J. Tyler Haahr | Mgmt | For | For | For |
| 1.2 | Elect Director Bradley C. Hanson | Mgmt | For | For | For |
| 1.3 | Elect Director Elizabeth G. Hoople | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3a | Increase Authorized Common Stock | Mgmt | For | For | For |
| 3b | Authorize a New Class of Common Stock | Mgmt | For | Against | Against |
Insteel Industries, Inc.
Meeting Date: 02/11/2016 | Country: USA | Primary Security ID: 45774W108 |
Record Date: 12/11/2015 | Meeting Type: Annual | Ticker: IIIN |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Insteel Industries, Inc. |
| | Shares Voted: 650 |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Louis E. Hannen | Mgmt | For | For | For |
| 1.2 | Elect Director C. Richard Vaughn | Mgmt | For | For | For |
| 1.3 | Elect Director Joseph A. Rutkowski | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Grant Thornton LLP as Auditors | Mgmt | For | For | For |
MarineMax, Inc.
Meeting Date: 02/18/2016 | Country: USA | Primary Security ID: 567908108 |
Record Date: 12/14/2015 | Meeting Type: Annual | Ticker: HZO |
| | Shares Voted: 3,250 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1a | Elect Director Hilliard M. Eure, III | Mgmt | For | For | For |
| 1b | Elect Director Joseph A. Watters | Mgmt | For | For | For |
| 1c | Elect Director Dean S. Woodman | Mgmt | For | Against | Against |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Executive Incentive Bonus Plan | Mgmt | For | For | For |
| 4 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Haynes International, Inc.
Meeting Date: 03/01/2016 | Country: USA | Primary Security ID: 420877201 |
Record Date: 01/15/2016 | Meeting Type: Annual | Ticker: HAYN |
| | Shares Voted: 955 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1 | Elect Director Donald C. Campion | Mgmt | For | For | For |
| 2 | Elect Director Mark M. Comerford | Mgmt | For | For | For |
| 3 | Elect Director John C. Corey | Mgmt | For | For | For |
| 4 | Elect Director Robert H. Getz | Mgmt | For | For | For |
| 5 | Elect Director Timothy J. McCarthy | Mgmt | For | For | For |
| 6 | Elect Director Michael L. Shor | Mgmt | For | For | For |
| 7 | Elect Director William P. Wall | Mgmt | For | For | For |
| 8 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
| 9 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 10 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
ESSA Bancorp, Inc.
Meeting Date: 03/03/2016 | Country: USA | Primary Security ID: 29667D104 |
Record Date: 01/14/2016 | Meeting Type: Annual | Ticker: ESSA |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
ESSA Bancorp, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Gary S. Olson | Mgmt | For | For | For |
| 1.2 | Elect Director William A. Viechnicki | Mgmt | For | For | For |
| 2 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
| 3 | Ratify S.R. Snodgrass, P.C. as Auditors | Mgmt | For | For | For |
| 4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
First Financial Corporation
Meeting Date: 04/20/2016 | Country: USA | Primary Security ID: 320218100 |
Record Date: 02/26/2016 | Meeting Type: Annual | Ticker: THFF |
| | Shares Voted: 1,545 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director W. Curtis Brighton | Mgmt | For | For | For |
| 1.2 | Elect Director William R. Krieble | Mgmt | For | For | For |
| 1.3 | Elect Director Ronald K. Rich | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
| 3 | Ratify Crowe Horwath LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Capital City Bank Group, Inc.
Meeting Date: 04/26/2016 | Country: USA | Primary Security ID: 139674105 |
Record Date: 02/29/2016 | Meeting Type: Annual | Ticker: CCBG |
| | Shares Voted: 3,095 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Allan G. Bense | Mgmt | For | For | For |
| 1.2 | Elect Director Cader B. Cox, III | Mgmt | For | For | For |
| 1.3 | Elect Director John G. Sample, Jr. | Mgmt | For | For | For |
| 1.4 | Elect Director William G. Smith, Jr. | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
Independent Bank Corporation
Meeting Date: 04/26/2016 | Country: USA | Primary Security ID: 453838609 |
Record Date: 02/26/2016 | Meeting Type: Annual | Ticker: IBCP |
| | Shares Voted: 3,215 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director William J. Boer | Mgmt | For | Withhold | Withhold |
| 1.2 | Elect Director Joan A. Budden | Mgmt | For | For | For |
| 1.3 | Elect Director Charles C. Van Loan | Mgmt | For | Withhold | Withhold |
| 2 | Ratify Crowe Horwath LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Independent Bank Corporation
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
MainSource Financial Group, Inc.
Meeting Date: 04/27/2016 | Country: USA | Primary Security ID: 56062Y102 |
Record Date: 03/07/2016 | Meeting Type: Annual | Ticker: MSFG |
| | Shares Voted: 2,520 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Kathleen L. Bardwell | Mgmt | For | For | For |
| 1.2 | Elect Director William G. Barron | Mgmt | For | For | For |
| 1.3 | Elect Director Vincent A. Berta | Mgmt | For | For | For |
| 1.4 | Elect Director Archie M. Brown, Jr. | Mgmt | For | For | For |
| 1.5 | Elect Director D.J. Hines | Mgmt | For | For | For |
| 1.6 | Elect Director Erin P. Hoeflinger | Mgmt | For | For | For |
| 1.7 | Elect Director Thomas M. O'Brien | Mgmt | For | For | For |
| 1.8 | Elect Director Lawrence R. Rueff | Mgmt | For | For | For |
| 1.9 | Elect Director John G. Seale | Mgmt | For | For | For |
| 1.10 | Elect Director Charles J. Thayer | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Crowe Horwath LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
The First Bancorp, Inc.
Meeting Date: 04/27/2016 | Country: USA | Primary Security ID: 31866P102 |
Record Date: 02/19/2016 | Meeting Type: Annual | Ticker: FNLC |
| | Shares Voted: 1,180 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Katherine M. Boyd | Mgmt | For | For | For |
| 1.2 | Elect Director Robert B. Gregory | Mgmt | For | For | For |
| 1.3 | Elect Director Renee W. Kelly | Mgmt | For | For | For |
| 1.4 | Elect Director Tony C. McKim | Mgmt | For | For | For |
| 1.5 | Elect Director Mark N. Rosborough | Mgmt | For | For | For |
| 1.6 | Elect Director Cornelius J. Russell | Mgmt | For | For | For |
| 1.7 | Elect Director Stuart G. Smith | Mgmt | For | For | For |
| 1.8 | Elect Director David B. Soule, Jr. | Mgmt | For | For | For |
| 1.9 | Elect Director Bruce B. Tindal | Mgmt | For | Withhold | Withhold |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Berry Dunn McNeil & Parker, LLC as Auditors | Mgmt | For | For | For |
Peoples Bancorp Inc.
Meeting Date: 04/28/2016 | Country: USA | Primary Security ID: 709789101 |
Record Date: 03/01/2016 | Meeting Type: Annual | Ticker: PEBO |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Peoples Bancorp Inc. | | |
| | Shares Voted: 2,695 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director S. Craig Beam | Mgmt | For | For | For |
| 1.2 | Elect Director David F. Dierker | Mgmt | For | For | For |
| 1.3 | Elect Director David L. Mead | Mgmt | For | For | For |
| 1.4 | Elect Director Susan D. Rector | Mgmt | For | For | For |
| 1.5 | Elect Director Thomas J. Wolf | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
Sotherly Hotels Inc.
Meeting Date: 04/28/2016 | Country: USA | Primary Security ID: 83600C103 |
Record Date: 03/01/2016 | Meeting Type: Annual | Ticker: SOHO |
| | Shares Voted: 3,170 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director David J. Beatty | Mgmt | For | For | For |
| 1.2 | Elect Director David R. Folsom | Mgmt | For | For | For |
| 1.3 | Elect Director Andrew M. Sims | Mgmt | For | For | For |
| 1.4 | Elect Director Kim E. Sims | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.5 | Elect Director Edward S. Stein | Mgmt | For | For | For |
| 1.6 | Elect Director Herschel J. Walker | Mgmt | For | For | For |
| 1.7 | Elect Director Anthony C. Zinni | Mgmt | For | For | For |
| 2 | Ratify Dixon Hughes Goodman LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
United Community Financial Corp.
Meeting Date: 04/28/2016 | Country: USA | Primary Security ID: 909839102 |
Record Date: 03/04/2016 | Meeting Type: Annual | Ticker: UCFC |
| | Shares Voted: 8,775 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Zahid Afzal | Mgmt | For | For | For |
| 1.2 | Elect Director Patrick W. Bevack | Mgmt | For | For | For |
| 1.3 | Elect Director Scott N. Crewson | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Crowe Horwath LLP as Auditors | Mgmt | For | For | For |
| 4 | Amend Articles of Incorporation | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Digirad Corporation
Meeting Date: 04/29/2016 | Country: USA | Primary Security ID: 253827109 |
Record Date: 03/16/2016 | Meeting Type: Annual | Ticker: DRAD |
| | Shares Voted: 4,785 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Jeffrey E. Eberwein | Mgmt | For | For | For |
| 1.2 | Elect Director Matthew G. Molchan | Mgmt | For | For | For |
| 1.3 | Elect Director Dimitrios J. Angelis | Mgmt | For | For | For |
| 1.4 | Elect Director John W. Climaco | Mgmt | For | For | For |
| 1.5 | Elect Director Charles M. Gillman | Mgmt | For | For | For |
| 1.6 | Elect Director John W. Sayward | Mgmt | For | For | For |
| 1.7 | Elect Director Michael A. Cunnion | Mgmt | For | For | For |
| 2 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Olympic Steel, Inc.
Meeting Date: 04/29/2016 | Country: USA | Primary Security ID: 68162K106 |
Record Date: 03/10/2016 | Meeting Type: Annual | Ticker: ZEUS |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Olympic Steel, Inc. | | |
| | Shares Voted: 5,210 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director David A. Wolfort | Mgmt | For | For | For |
| 1.2 | Elect Director Ralph M. Della Ratta | Mgmt | For | For | For |
| 1.3 | Elect Director Howard L. Goldstein | Mgmt | For | For | For |
| 1.4 | Elect Director Dirk A. Kempthorne | Mgmt | For | For | For |
| 2 | Ratify PricewaterhouseCoopers LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 4 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
Almost Family, Inc.
Meeting Date: 05/02/2016 | Country: USA | Primary Security ID: 020409108 |
Record Date: 03/07/2016 | Meeting Type: Annual | Ticker: AFAM |
| | Shares Voted: 1,110 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director William B. Yarmuth | Mgmt | For | For | For |
| 1.2 | Elect Director Steven B. Bing | Mgmt | For | For | For |
| 1.3 | Elect Director Donald G. McClinton | Mgmt | For | For | For |
| 1.4 | Elect Director Tyree G. Wilburn | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.5 | Elect Director Jonathan D. Goldberg | Mgmt | For | For | For |
| 1.6 | Elect Director W. Earl Reed, III | Mgmt | For | For | For |
| 1.7 | Elect Director Henry M. Altman, Jr. | Mgmt | For | Withhold | Withhold |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Exactech, Inc.
Meeting Date: 05/02/2016 | Country: USA | Primary Security ID: 30064E109 |
Record Date: 03/04/2016 | Meeting Type: Annual | Ticker: EXAC |
| | Shares Voted: 1,225 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director James G. Binch | Mgmt | For | For | For |
| 1.2 | Elect Director William B. Locander | Mgmt | For | For | For |
| 1.3 | Elect Director David W. Petty | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Qualified Employee Stock Purchase Plan | Mgmt | For | For | For |
| 4 | Ratify RSM US LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Ducommun Incorporated
Meeting Date: 05/04/2016 | Country: USA | Primary Security ID: 264147109 |
Record Date: 03/14/2016 | Meeting Type: Annual | Ticker: DCO |
| | Shares Voted: 3,395 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Robert C. Ducommun | Mgmt | For | For | For |
| 1.2 | Elect Director Dean M. Flatt | Mgmt | For | For | For |
| 1.3 | Elect Director Jay L. Haberland | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify PricewaterhouseCoopers LLP as Auditors | Mgmt | For | For | For |
Berkshire Hills Bancorp, Inc.
Meeting Date: 05/05/2016 | Country: USA | Primary Security ID: 084680107 |
Record Date: 03/10/2016 | Meeting Type: Annual | Ticker: BHLB |
| | Shares Voted: 1,550 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director John B. Davies | Mgmt | For | For | For |
| 1.2 | Elect Director Rodney C. Dimock | Mgmt | For | For | For |
| 1.3 | Elect Director Laurie Norton Moffatt | Mgmt | For | For | For |
| 1.4 | Elect Director J. Williar Dunlaevy | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Berkshire Hills Bancorp, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.5 | Elect Director Patrick J. Sheehan | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify PricewaterhouseCoopers LLP as Auditors | Mgmt | For | For | For |
Horizon Bancorp
Meeting Date: 05/05/2016 | Country: USA | Primary Security ID: 440407104 |
| Record Date: 03/04/2016 | Meeting Type: Annual | Ticker: HBNC |
| | Shares Voted: 1,815 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Susan D. Aaron | Mgmt | For | For | For |
| 1.2 | Elect Director Craig M. Dwight | Mgmt | For | For | For |
| 1.3 | Elect Director Larry N. Middleton | Mgmt | For | For | For |
| 1.4 | Elect Director Robert E. Swinehart | Mgmt | For | For | For |
| 2 | Increase Authorized Common Stock | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 4 | Ratify BKD, LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
P. H. Glatfelter Company
| Meeting Date: 05/05/2016 | Country: USA | Primary Security ID: 377316104 |
| Record Date: 03/11/2016 | Meeting Type: Annual | Ticker: GLT |
| | Shares Voted: 1,450 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Bruce Brown | Mgmt | For | For | For |
| 1.2 | Elect Director Kathleen A. Dahlberg | Mgmt | For | For | For |
| 1.3 | Elect Director Nicholas DeBenedictis | Mgmt | For | For | For |
| 1.4 | Elect Director Kevin M. Fogarty | Mgmt | For | For | For |
| 1.5 | Elect Director J. Robert Hall | Mgmt | For | For | For |
| 1.6 | Elect Director Richard C. Ill | Mgmt | For | For | For |
| 1.7 | Elect Director Ronald J. Naples | Mgmt | For | For | For |
| 1.8 | Elect Director Dante C. Parrini | Mgmt | For | For | For |
| 1.9 | Elect Director Lee C. Stewart | Mgmt | For | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Tesco Corporation
Meeting Date: 05/05/2016 | Country: Canada | Primary Security ID: 88157K101 |
| Record Date: 03/11/2016 | Meeting Type: Annual | Ticker: TESO |
Vote Summary Report Reporting Period: 07/01/2015 to 06/30/2016 Location(s): All Locations Institution Account(s): Foundry Micro Cap Value Fund |
| Tesco Corporation |
| Shares Voted: 3,470 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Fernando R. Assing | Mgmt | For | For | For |
| 1.2 | Elect Director John P. Dielwart | Mgmt | For | For | For |
| 1.3 | Elect Director Fred J. Dyment | Mgmt | For | For | For |
| 1.4 | Elect Director Gary L. Kott | Mgmt | For | For | For |
| 1.5 | Elect Director R. Vance Milligan | Mgmt | For | For | For |
| 1.6 | Elect Director Rose M. Robeson | Mgmt | For | For | For |
| 1.7 | Elect Director Elijio V. Serrano | Mgmt | For | For | For |
| 1.8 | Elect Director Michael W. Sutherlin | Mgmt | For | For | For |
| 2 | Approve Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
United Insurance Holdings Corp.
Meeting Date: 05/05/2016 | Country: USA | Primary Security ID: 910710102 |
Record Date: 03/18/2016 | Meeting Type: Annual | Ticker: UIHC |
| | Shares Voted: 2,300 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Kern M. Davis | Mgmt | For | Withhold | Withhold |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
United Insurance Holdings Corp.
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.2 | Elect Director William H. Hood, III | Mgmt | For | Withhold | Withhold |
| 1.3 | Elect Director Sherrill W. Hudson | Mgmt | For | Withhold | Withhold |
| 1.4 | Elect Director Alec L. Poitevint, II | Mgmt | For | Withhold | Withhold |
| 2 | Ratify RSM US LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Sterling Construction Company, Inc.
Meeting Date: 05/06/2016 | Country: USA | Primary Security ID: 859241101 |
| Record Date: 03/08/2016 | Meeting Type: Annual | Ticker: STRL |
| | Shares Voted: 9,050 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Maarten D. Hemsley | Mgmt | For | For | For |
| 1.2 | Elect Director Charles R. Patton | Mgmt | For | For | For |
| 1.3 | Elect Director Richard O. Schaum | Mgmt | For | For | For |
| 1.4 | Elect Director Milton L. Scott | Mgmt | For | For | For |
| 1.5 | Elect Director Paul J. Varello | Mgmt | For | For | For |
| 2 | Ratify Grant Thornton LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Haverty Furniture Companies, Inc.
Meeting Date: 05/09/2016 | Country: USA | Primary Security ID: 419596101 |
| Record Date: 03/11/2016 | Meeting Type: Annual | Ticker: HVT |
| | Shares Voted: 2,200 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director L. Allison Dukes | Mgmt | For | For | For |
| 1.2 | Elect Director Vicki R. Palmer | Mgmt | For | For | For |
| 1.3 | Elect Director Fred L. Schuermann | Mgmt | For | For | For |
| 2 | Ratify Grant Thornton LLP as Auditors | Mgmt | For | For | For |
Meeting Date: 05/10/2016 | Country: USA | Primary Security ID: 573075108 |
| Record Date: 03/14/2016 | Meeting Type: Annual | Ticker: MRTN |
| | Shares Voted: 2,490 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Randolph L. Marten | Mgmt | For | For | For |
| 1.2 | Elect Director Larry B. Hagness | Mgmt | For | For | For |
| 1.3 | Elect Director Thomas J. Winkel | Mgmt | For | For | For |
| 1.4 | Elect Director Jerry M. Bauer | Mgmt | For | For | For |
| 1.5 | Elect Director Robert L. Demorest | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Marten Transport, Ltd.
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.6 | Elect Director G. Larry Owens | Mgmt | For | For | For |
| 1.7 | Elect Director Ronald R. Booth | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Grant Thornton LLP as Auditors | Mgmt | For | For | For |
| 4 | Other Business | Mgmt | For | Against | Against |
Universal Stainless & Alloy Products, Inc.
Meeting Date: 05/10/2016 | Country: USA | Primary Security ID: 913837100 |
| Record Date: 03/24/2016 | Meeting Type: Annual | Ticker: USAP |
| | Shares Voted: 4,115 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Christopher L. Ayers | Mgmt | For | For | For |
| 1.2 | Elect Director Douglas M. Dunn | Mgmt | For | For | For |
| 1.3 | DElect irector M. David Kornblatt | Mgmt | For | For | For |
| 1.4 | Elect Director Dennis M. Oates | Mgmt | For | For | For |
| 1.5 | Elect Director Udi Toledano | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Qualified Employee Stock Purchase Plan | Mgmt | For | For | For |
| 4 | Ratify Schneider Downs & Co., Inc as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
WASHINGTON TRUST BANCORP, INC.
Meeting Date: 05/10/2016 | Country: USA | Primary Security ID: 940610108 |
Record Date: 03/14/2016 | Meeting Type: Annual | Ticker: WASH |
| Shares Voted: 1,125 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Edward O. Handy, III | Mgmt | For | For | For |
| 1.2 | Elect Director Barry G. Hittner | Mgmt | For | For | For |
| 1.3 | Elect Director Katherine W. Hoxsie | Mgmt | For | For | For |
| 1.4 | Elect Director Kathleen E. McKeough | Mgmt | For | For | For |
| 2 | Increase Authorized Common Stock | Mgmt | For | For | For |
| 3 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
| 4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Century Communities, Inc.
Meeting Date: 05/11/2016 | Country: USA | Primary Security ID: 156504300 |
Record Date: 03/28/2016 | Meeting Type: Annual | Ticker: CCS |
| Shares Voted: 3,010 | |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director John P. Box | Mgmt | For | For | For |
| 1.2 | Elect Director Dale Francescon | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Century Communities, Inc.
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.3 | Elect Director Robert J. Francescon | Mgmt | For | For | For |
| 1.4 | Elect Director Keith R. Guericke | Mgmt | For | For | For |
| 1.5 | Elect Director James M. Lippman | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
SI Financial Group, Inc.
Meeting Date: 05/11/2016 | Country: USA | Primary Security ID: 78425V104 |
Record Date: 03/14/2016 | Meeting Type: Annual | Ticker: SIFI |
| Shares Voted: 1,630 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Rheo A. Brouillard | Mgmt | For | For | For |
| 1.2 | Elect Director Roger Engle | Mgmt | For | For | For |
| 1.3 | Elect Director Kevin M. McCarthy | Mgmt | For | For | For |
| 2 | Ratify Wolf & Company, P.C. as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
WCI Communities, Inc.
Meeting Date: 05/11/2016 | Country: USA | Primary Security ID: 92923C807 |
Record Date: 03/22/2016 | Meeting Type: Annual | Ticker: WCIC |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Patrick J. Bartels, Jr. | Mgmt | For | For | For |
| 1.2 | Elect Director Keith E. Bass | Mgmt | For | For | For |
| 1.3 | Elect Director Michelle MacKay | Mgmt | For | For | For |
| 1.4 | Elect Director Darius G. Nevin | Mgmt | For | For | For |
| 1.5 | Elect Director Stephen D. Plavin | Mgmt | For | For | For |
| 1.6 | Elect Director Charles C. Reardon | Mgmt | For | For | For |
| 1.7 | Elect Director Christopher E. Wilson | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
CECO Environmental Corp.
Meeting Date: 05/12/2016 | Country: USA | Primary Security ID: 125141101 |
Record Date: 03/21/2016 | Meeting Type: Annual | Ticker: CECE |
| | Shares Voted: 6,290 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Jason DeZwirek | Mgmt | For | For | For |
| 1.2 | Elect Director Eric M. Goldberg | Mgmt | For | For | For |
| 1.3 | Elect Director Jeffrey Lang | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
CECO Environmental Corp.
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.4 | Elect Director Claudio A. Mannarino | Mgmt | For | For | For |
| 1.5 | Elect Director Jonathan Pollack | Mgmt | For | For | For |
| 1.6 | Elect Director Seth Rudin | Mgmt | For | For | For |
| 1.7 | Elect Director Valerie Gentile Sachs | Mgmt | For | For | For |
| 1.8 | Elect Director Dennis Sadlowski | Mgmt | For | For | For |
| 1.9 | Elect Director Donald A. Wright | Mgmt | For | Withhold | Withhold |
| 2 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Independence Realty Trust, Inc.
Meeting Date: 05/12/2016 | Country: USA | Primary Security ID: 45378A106 |
Record Date: 03/14/2016 | Meeting Type: Annual | Ticker: IRT |
| Shares Voted: 6,170 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Scott F. Schaeffer | Mgmt | For | For | For |
| 1.2 | Elect Director William C. Dunkelberg | Mgmt | For | For | For |
| 1.3 | Elect Director Robert F. McCadden | Mgmt | For | For | For |
| 1.4 | Elect Director Mack D. Pridgen, III | Mgmt | For | For | For |
| 1.5 | Elect Director Richard H. Ross | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Independence Realty Trust, Inc.
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.6 | Elect Director DeForest B. Soaries, Jr. | Mgmt | For | For | For |
| 1.7 | Elect Director Sharon M. Tsao | Mgmt | For | For | For |
| 2 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
| 3 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
Banc of California, Inc.
Meeting Date: 05/13/2016 | Country: USA | Primary Security ID: 05990K106 |
Record Date: 03/24/2016 | Meeting Type: Annual | Ticker: BANC |
| Shares Voted: 3,140 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Steven A. Sugarman | Mgmt | For | For | For |
| 1.2 | Elect Director Jonah F. Schnel | Mgmt | For | For | For |
| 2 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
| 4 | Require a Majority Vote for the Election of Directors | SH | None | For | For |
First Internet Bancorp
Meeting Date: 05/16/2016 | Country: USA | Primary Security ID: 320557101 |
Record Date: 03/22/2016 | Meeting Type: Annual | Ticker: INBK |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| First Internet Bancorp |
| Shares Voted: 1,215 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director David B. Becker | Mgmt | For | For | For |
| 1.2 | Elect Director John K. Keach, Jr. | Mgmt | For | For | For |
| 1.3 | Elect Director David R. Lovejoy | Mgmt | For | For | For |
| 1.4 | Elect Director Ann D. Murtlow | Mgmt | For | For | For |
| 1.5 | Elect Director Ralph R. Whitney, Jr. | Mgmt | For | For | For |
| 1.6 | Elect Director Jerry Williams | Mgmt | For | For | For |
| 1.7 | Elect Director Jean L. Wojtowicz | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify BKD, LLP as Auditors | Mgmt | For | For | For |
Bank of Commerce Holdings
Meeting Date: 05/17/2016 | Country: USA | Primary Security ID: 06424J103 |
Record Date: 03/24/2016 | Meeting Type: Annual | Ticker: BOCH |
| Shares Voted: 2,850 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Orin N. Bennett | Mgmt | For | For | For |
| 1.2 | Elect Director Gary R. Burks | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Bank of Commerce Holdings
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.3 | Elect Director Randall S. Eslick | Mgmt | For | For | For |
| 1.4 | Elect Director Joseph Q. Gibson | Mgmt | For | For | For |
| 1.5 | Elect Director Jon W. Halfhide | Mgmt | For | For | For |
| 1.6 | Elect Director Linda J. Miles | Mgmt | For | For | For |
| 1.7 | Elect Director David H. Scott | Mgmt | For | For | For |
| 1.8 | Elect Director Terence J. Street | Mgmt | For | For | For |
| 1.9 | Elect Director Lyle L. Tullis | Mgmt | For | For | For |
| 2 | Ratify Moss Adams, LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Bar Harbor Bankshares
Meeting Date: 05/17/2016 | Country: USA | Primary Security ID: 066849100 |
Record Date: 03/22/2016 | Meeting Type: Annual | Ticker: BHB |
| Shares Voted: 460 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Matthew L. Caras | Mgmt | For | For | For |
| 1.2 | Elect Director David M. Colter | Mgmt | For | For | For |
| 1.3 | Elect Director Martha T. Dudman | Mgmt | For | For | For |
| 1.4 | Elect Director Lauri E. Fernald | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Bar Harbor Bankshares
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.5 | Elect Director Daina H. Hill | Mgmt | For | For | For |
| 1.6 | Elect Director Clyde H. Lewis | Mgmt | For | For | For |
| 1.7 | Elect Director Constance C. Shea | Mgmt | For | For | For |
| 1.8 | Elect Director Curtis C. Simard | Mgmt | For | For | For |
| 1.9 | Elect Director Kenneth E. Smith | Mgmt | For | For | For |
| 1.10 | Elect Director Scott G. Toothaker | Mgmt | For | For | For |
| 1.11 | Elect Director David B. Woodside | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify RSM US LLP as Auditors | Mgmt | For | For | For |
Cross Country Healthcare, Inc.
Meeting Date: 05/17/2016 | Country: USA | Primary Security ID: 227483104 |
Record Date: 03/24/2016 | Meeting Type: Annual | Ticker: CCRN |
| Shares Voted: 3,420 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director William J. Grubbs | Mgmt | For | For | For |
| 1.2 | Elect Director W. Larry Cash | Mgmt | For | For | For |
| 1.3 | Elect Director Thomas C. Dircks | Mgmt | For | For | For |
| 1.4 | Elect Director Gale Fitzgerald | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Cross Country Healthcare, Inc.
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.5 | Elect Director Richard M. Mastaler | Mgmt | For | For | For |
| 1.6 | Elect Director Mark Perlberg | Mgmt | For | For | For |
| 1.7 | Elect Director Joseph A. Trunfio | Mgmt | For | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
LRAD Corporation
Meeting Date: 05/17/2016 | Country: USA | Primary Security ID: 50213V109 |
Record Date: 03/23/2016 | Meeting Type: Annual | Ticker: LRAD |
| | Shares Voted: 6,075 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Scott L. Anchin | Mgmt | For | For | For |
| 1.2 | Elect Director Thomas R. Brown | Mgmt | For | For | For |
| 1.3 | Elect Director Laura M. Clague | Mgmt | For | For | For |
| 1.4 | Elect Director John G. Coburn | Mgmt | For | For | For |
| 1.5 | Elect Director Daniel H. McCollum | Mgmt | For | For | For |
| 1.6 | Elect Director Richard H. Osgood, III | Mgmt | For | For | For |
| 2 | Ratify Squar Milner LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Aegean Marine Petroleum Network Inc.
Meeting Date: 05/18/2016 | Country: Marshall Isl | Primary Security ID: Y0017S102 |
Record Date: 04/25/2016 | Meeting Type: Annual | Ticker: ANW |
| | Shares Voted: 3,985 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1 | Elect Director Yiannis N. Papanicolaou | Mgmt | For | For | For |
| 2 | Elect Director Konstantinos D. Koutsomitopoulos | Mgmt | For | For | For |
Community Healthcare Trust Incorporated
Meeting Date: 05/18/2016 | Country: USA | Primary Security ID: 20369C106 |
Record Date: 03/25/2016 | Meeting Type: Annual | Ticker: CHCT |
| | Shares Voted: 2,680 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Alan Gardner | Mgmt | For | For | For |
| 1.2 | Elect Director Robert Z. Hensley | Mgmt | For | For | For |
| 1.3 | Elect Director Alfred Lumsdaine | Mgmt | For | For | For |
| 1.4 | Elect Director R. Lawrence Van Horn | Mgmt | For | For | For |
| 1.5 | Elect Director Timothy G. Wallace | Mgmt | For | For | For |
| 2 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Covenant Transportation Group, Inc.
Meeting Date: 05/18/2016 | Country: USA | Primary Security ID: 22284P105 |
Record Date: 03/21/2016 | Meeting Type: Annual | Ticker: CVTI |
| | Shares Voted: 1,920 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director William T. Alt | Mgmt | For | For | For |
| 1.2 | Elect Director Robert E. Bosworth | Mgmt | For | For | For |
| 1.3 | Elect Director Bradley A. Moline | Mgmt | For | For | For |
| 1.4 | Elect Director David R. Parker | Mgmt | For | For | For |
| 1.5 | Elect Director Herbert J. Schmidt | Mgmt | For | For | For |
| 2 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
| 3 | Other Business | Mgmt | For | Withhold | Withhold |
Del Frisco's Restaurant Group, Inc.
Meeting Date: 05/18/2016 | Country: USA | Primary Security ID: 245077102 |
Record Date: 03/31/2016 | Meeting Type: Annual | Ticker: DFRG |
| | Shares Voted: 2,150 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Ian R. Carter | Mgmt | For | For | For |
| 1.2 | Elect Director Richard L. Davis | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Del Frisco's Restaurant Group, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 2 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Gulf Island Fabrication, Inc.
Meeting Date: 05/18/2016 | Country: USA | Primary Security ID: 402307102 |
Record Date: 04/04/2016 | Meeting Type: Annual | Ticker: GIFI |
| | Shares Voted: 2,585 | |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Michael A. Flick | Mgmt | For | For | For |
| 1.2 | Elect Director William E. Chiles | Mgmt | For | For | For |
| 1.3 | Elect Director Murray W. Burns | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 4 | Other Business | Mgmt | For | Against | Against |
Lakeland Bancorp, Inc.
Meeting Date: 05/18/2016 | Country: USA | Primary Security ID: 511637100 |
Record Date: 03/30/2016 | Meeting Type: Annual | Ticker: LBAI |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Lakeland Bancorp, Inc. |
| | Shares Voted: 2,575 |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Thomas J. Marino | Mgmt | For | For | For |
| 1.2 | Elect Director Robert E. McCracken | Mgmt | For | For | For |
| 1.3 | Elect Director Thomas J. Shara | Mgmt | For | For | For |
| 1.4 | Elect Director Stephen R. Tilton, Sr. | Mgmt | For | For | For |
| 1.5 | Elect Director Lawrence R. Inserra, Jr. | Mgmt | For | For | For |
| 2 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Rudolph Technologies, Inc.
Meeting Date: 05/18/2016 | Country: USA | Primary Security ID: 781270103 |
Record Date: 03/31/2016 | Meeting Type: Annual | Ticker: RTEC |
| | Shares Voted: 2,235 | |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Daniel H. Berry | Mgmt | For | For | For |
| 1.2 | Elect Director Thomas G. Greig | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Safeguard Scientifics, Inc.
Meeting Date: 05/18/2016 | Country: USA | Primary Security ID: 786449207 |
Record Date: 03/18/2016 | Meeting Type: Annual | Ticker: SFE |
| | Shares Voted: 2,430 | |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Mara G. Aspinall | Mgmt | For | For | For |
| 1.2 | Elect Director Julie A. Dobson | Mgmt | For | For | For |
| 1.3 | Elect Director Stephen Fisher | Mgmt | For | For | For |
| 1.4 | Elect Director George MacKenzie | Mgmt | For | For | For |
| 1.5 | Elect Director John J. Roberts | Mgmt | For | For | For |
| 1.6 | Elect Director Robert J. Rosenthal | Mgmt | For | For | For |
| 1.7 | Elect Director Stephen T. Zarrilli | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
HCI Group, Inc.
Meeting Date: 05/19/2016 | Country: USA | Primary Security ID: 40416E103 |
Record Date: 04/20/2016 | Meeting Type: Annual | Ticker: HCI |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| HCI Group, Inc. |
| | Shares Voted: 1,200 |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director George Apostolou | Mgmt | For | Withhold | Withhold |
| 1.2 | Elect Director Paresh Patel | Mgmt | For | Withhold | Withhold |
| 1.3 | Elect Director Gregory Politis | Mgmt | For | Withhold | Withhold |
| 2 | Ratify Dixon Hughes Goodman, LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
Monmouth Real Estate Investment Corporation
Meeting Date: 05/19/2016 | Country: USA | Primary Security ID: 609720107 |
Record Date: 03/14/2016 | Meeting Type: Annual | Ticker: MNR |
| | Shares Voted: 2,845 | |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Anna T. Chew | Mgmt | For | Withhold | Withhold |
| 1.2 | Elect Director Daniel D. Cronheim | Mgmt | For | Withhold | Withhold |
| 1.3 | Elect Director Scott L. Robinson | Mgmt | For | Withhold | Withhold |
| 2 | Ratify PKF O'Connor Davies, LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Newpark Resources, Inc.
Meeting Date: 05/19/2016 | Country: USA | Primary Security ID: 651718504 |
Record Date: 03/28/2016 | Meeting Type: Annual | Ticker: NR |
| | Shares Voted: 5,300 | |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director David C. Anderson | Mgmt | For | For | For |
| 1.2 | Elect Director Anthony J. Best | Mgmt | For | For | For |
| 1.3 | Elect Director G. Stephen Finley | Mgmt | For | For | For |
| 1.4 | Elect Director Paul L. Howes | Mgmt | For | For | For |
| 1.5 | Elect Director Roderick A. Larson | Mgmt | For | For | For |
| 1.6 | Elect Director James W. McFarland | Mgmt | For | For | For |
| 1.7 | Elect Director Gary L. Warren | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Omnibus Stock Plan | Mgmt | For | Against | Against |
| 4 | Provide Directors May Be Removed With or Without Cause | Mgmt | For | For | For |
| 5 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
Orion Marine Group, Inc.
Meeting Date: 05/19/2016 | Country: USA | Primary Security ID: 68628V308 |
Record Date: 03/30/2016 | Meeting Type: Annual | Ticker: ORN |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Orion Marine Group, Inc. |
| | Shares Voted: 10,890 |
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1a | Elect Director Austin J. Shanfelter | Mgmt | For | For | For |
| 1b | Elect Director Gene G. Stoever | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Grant Thornton LLP as Auditors | Mgmt | For | For | For |
TravelCenters of America LLC
Meeting Date: 05/19/2016 | Country: USA | Primary Security ID: 894174101 |
Record Date: 02/29/2016 | Meeting Type: Annual | Ticker: TA |
| | Shares Voted: 3,485 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Lisa Harris Jones | Mgmt | For | For | For |
| 1.2 | Elect Director Joseph L. Morea | Mgmt | For | For | For |
| 2 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
| 3 | Ratify RSM US LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Hanmi Financial Corporation
Meeting Date: 05/25/2016 | Country: USA | Primary Security ID: 410495204 |
Record Date: 03/28/2016 | Meeting Type: Annual | Ticker: HAFC |
| | Shares Voted: 2,080 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1a | Elect Director John J. Ahn | Mgmt | For | For | For |
| 1b | Elect Director Christie K. Chu | Mgmt | For | For | For |
| 1c | Elect Director Harry Chung | Mgmt | For | For | For |
| 1d | Elect Director Paul Seon-Hong Kim | Mgmt | For | For | For |
| 1e | Elect Director C. G. Kum | Mgmt | For | For | For |
| 1f | Elect Director Joon Hyung Lee | Mgmt | For | For | For |
| 1g | Elect Director Joseph K. Rho | Mgmt | For | For | For |
| 1h | Elect Director David L. Rosenblum | Mgmt | For | For | For |
| 1i | Elect Director Michael Yang | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Sierra Bancorp
Meeting Date: 05/25/2016 | Country: USA | Primary Security ID: 82620P102 |
Record Date: 03/28/2016 | Meeting Type: Annual | Ticker: BSRR |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Sierra Bancorp | |
| | Shares Voted: 1,705 |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Robert L. Fields | Mgmt | For | For | For |
| 1.2 | Elect Director James C. Holly | Mgmt | For | For | For |
| 1.3 | Elect Director Lynda B. Scearcy | Mgmt | For | For | For |
| 1.4 | Elect Director Morris A. Tharp | Mgmt | For | For | For |
| 2 | Ratify Vavrinek, Trine, Day & Co., LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Spartan Motors, Inc.
Meeting Date: 05/25/2016 | Country: USA | Primary Security ID: 846819100 |
Record Date: 03/28/2016 | Meeting Type: Annual | Ticker: SPAR |
| | Shares Voted: 9,845 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Ronald Harbour | Mgmt | For | For | For |
| 1.2 | Elect Director Richard F. Dauch | Mgmt | For | For | For |
| 1.3 | Elect Director James A. Sharman | Mgmt | For | For | For |
| 2 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
| 3 | Approve Executive Incentive Bonus Plan | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Spartan Motors, Inc.
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 4 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
| 5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Dime Community Bancshares, Inc.
Meeting Date: 05/26/2016 | Country: USA | Primary Security ID: 253922108 |
Record Date: 03/29/2016 | Meeting Type: Annual | Ticker: DCOM |
| | Shares Voted: 2,835 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Vincent F. Palagiano | Mgmt | For | For | For |
| 1.2 | Elect Director Patrick E. Curtin | Mgmt | For | For | For |
| 1.3 | Elect Director Kathleen M. Nelson | Mgmt | For | For | For |
| 1.4 | Elect Director Omer S.J. Williams | Mgmt | For | For | For |
| 2 | Ratify Crowe Horwath LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
HomeStreet, Inc.
Meeting Date: 05/26/2016 | Country: USA | Primary Security ID: 43785V102 |
Record Date: 04/21/2016 | Meeting Type: Annual | Ticker: HMST |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| HomeStreet, Inc. | |
| | Shares Voted: 1,945 |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Mark K. Mason | Mgmt | For | Against | Against |
| 1.2 | Elect Director Victor H. Indiek | Mgmt | For | Against | Against |
| 1.3 | Elect Director Donald R. Voss | Mgmt | For | Against | Against |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
| 3 | Require a Majority Vote for the Election of Directors | SH | For | For | For |
Northrim BanCorp, Inc.
Meeting Date: 05/26/2016 | Country: USA | Primary Security ID: 666762109 |
Record Date: 03/31/2016 | Meeting Type: Annual | Ticker: NRIM |
| | Shares Voted: 680 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Joseph M. Beedle | Mgmt | For | For | For |
| 1.2 | Elect Director Larry S. Cash | Mgmt | For | For | For |
| 1.3 | Elect Director Mark G. Copeland | Mgmt | For | For | For |
| 1.4 | Elect Director Anthony Drabek | Mgmt | For | For | For |
| 1.5 | Elect Director Karl L. Hanneman | Mgmt | For | For | For |
| 1.6 | Elect Director David W. Karp | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Northrim BanCorp, Inc.
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.7 | Elect Director Joseph M. Schierhorn | Mgmt | For | For | For |
| 1.8 | Elect Director David J. McCambridge | Mgmt | For | For | For |
| 1.9 | Elect Director Krystal M. Nelson | Mgmt | For | For | For |
| 1.10 | Elect Director John C. Swalling | Mgmt | For | For | For |
| 1.11 | Elect Director Linda C. Thomas | Mgmt | For | For | For |
| 1.12 | Elect Director David G. Wight | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Moss Adams LLP as Auditors | Mgmt | For | For | For |
Territorial Bancorp Inc.
Meeting Date: 05/26/2016 | Country: USA | Primary Security ID: 88145X108 |
Record Date: 03/31/2016 | Meeting Type: Annual | Ticker: TBNK |
| | Shares Voted: 1,395 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Kirk W. Caldwell | Mgmt | For | For | For |
| 1.2 | Elect Director Francis E. Tanaka | Mgmt | For | For | For |
| 2 | Ratify Moss Adams LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
| 4 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
West Marine, Inc.
Meeting Date: 05/26/2016 | Country: USA | Primary Security ID: 954235107 |
Record Date: 03/28/2016 | Meeting Type: Annual | Ticker: WMAR |
| | Shares Voted: 3,310 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Barbara L. Rambo | Mgmt | For | For | For |
| 1.2 | Elect Director Matthew L. Hyde | Mgmt | For | For | For |
| 1.3 | Elect Director Dennis F. Madsen | Mgmt | For | For | For |
| 1.4 | Elect Director James F. Nordstrom, Jr. | Mgmt | For | For | For |
| 1.5 | Elect Director Robert D. Olsen | Mgmt | For | For | For |
| 1.6 | Elect Director Randolph K. Repass | Mgmt | For | For | For |
| 1.7 | Elect Director Alice M. Richter | Mgmt | For | For | For |
| 1.8 | Elect Director Christiana Shi | Mgmt | For | For | For |
| 2 | Ratify PricewaterhouseCoopers LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 4 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
Kirkland's, Inc.
Meeting Date: 06/01/2016 | Country: USA | Primary Security ID: 497498105 |
Record Date: 04/06/2016 | Meeting Type: Annual | Ticker: KIRK |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Kirkland's, Inc. | |
| | Shares Voted: 3,395 |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Susan S. Lanigan | Mgmt | For | For | For |
| 1.2 | Elect Director W. Michael Madden | Mgmt | For | For | For |
| 1.3 | Elect Director Charlie Pleas, III | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 4 | Amend Qualified Employee Stock Purchase Plan | Mgmt | For | For | For |
Wayside Technology Group, Inc.
Meeting Date: 06/01/2016 | Country: USA | Primary Security ID: 946760105 |
Record Date: 04/05/2016 | Meeting Type: Annual | Ticker: WSTG |
| | Shares Voted: 1,175 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Simon F. Nynens | Mgmt | For | For | For |
| 1.2 | Elect Director F. Duffield Meyercord | Mgmt | For | For | For |
| 1.3 | Elect Director Mike Faith | Mgmt | For | For | For |
| 1.4 | Elect Director Steve DeWindt | Mgmt | For | For | For |
| 1.5 | Elect Director Diana Kurty | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Wayside Technology Group, Inc.
| Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify EisnerAmper LLP as Auditors | Mgmt | For | For | For |
LHC Group, Inc.
Meeting Date: 06/02/2016 | Country: USA | Primary Security ID: 50187A107 |
Record Date: 04/15/2016 | Meeting Type: Annual | Ticker: LHCG |
| | Shares Voted: 825 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director John L. Indest | Mgmt | For | For | For |
| 1.2 | Elect Director Ronald T. Nixon | Mgmt | For | For | For |
| 1.3 | Elect Director W.J. "Billy" Tauzin | Mgmt | For | Withhold | Withhold |
| 1.4 | Elect Director Kenneth E. Thorpe | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Northwest Pipe Company
Meeting Date: 06/02/2016 | Country: USA | Primary Security ID: 667746101 |
Record Date: 04/15/2016 | Meeting Type: Annual | Ticker: NWPX |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Northwest Pipe Company | |
| | Shares Voted: 1,995 |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director James Declusin | Mgmt | For | For | For |
| 1.2 | Elect Director Harry Demorest | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify Moss Adams LLP as Auditors | Mgmt | For | For | For |
Financial Institutions, Inc.
Meeting Date: 06/03/2016 | Country: USA | Primary Security ID: 317585404 |
Record Date: 04/11/2016 | Meeting Type: Proxy Contest | Ticker: FISI |
| | Shares Voted: 1,725 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| | Management Proxy (Blue Card) | Mgmt | | | |
| 1.1 | Elect Director Martin K. Birmingham | Mgmt | For | For | For |
| 1.2 | Elect Director Samuel M. Gullo | Mgmt | For | For | For |
| 1.3 | Elect Director Kim E. VanGelder | Mgmt | For | For | For |
| 1.4 | Elect Director James H. Wyckoff | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Financial Institutions, Inc.
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| | Dissident Proxy (White Card) | Mgmt | | | |
| 1.1 | Elect Directors Johnny Guerry | SH | For | Do Not Vote | Do Not Vote |
| 1.2 | Elect Directors Terrell T. Philen, Jr. | SH | For | Do Not Vote | Do Not Vote |
| 1.3 | Management Nominee Martin K. Birmingham | SH | For | Do Not Vote | Do Not Vote |
| 1.4 | Management Nominee James H. Wyckoff | SH | For | Do Not Vote | Do Not Vote |
| 2 | Ratify KPMG LLP as Auditors | Mgmt | For | Do Not Vote | Do Not Vote |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | Against | Do Not Vote | Do Not Vote |
Systemax Inc.
Meeting Date: 06/06/2016 | Country: USA | Primary Security ID: 871851101 |
Record Date: 04/14/2016 | Meeting Type: Annual | Ticker: SYX |
| | Shares Voted: 2,845 | |
Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Richard Leeds | Mgmt | For | Withhold | Withhold |
| 1.2 | Elect Director Bruce Leeds | Mgmt | For | Withhold | Withhold |
| 1.3 | Elect Director Robert Leeds | Mgmt | For | Withhold | Withhold |
| 1.4 | Elect Director Lawrence Reinhold | Mgmt | For | Withhold | Withhold |
| 1.5 | Elect Director Stacy Dick | Mgmt | For | For | For |
| 1.6 | Elect Director Robert D. Rosenthal | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Systemax Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.7 | Elect Director Marie Adler-Kravecas | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 3 | Approve Termination of Certain Corporate Governance Restrictions | Mgmt | For | Against | Against |
Meeting Date: 06/08/2016 | Country: Israel | Primary Security ID: M84116108 |
Record Date: 05/11/2016 | Meeting Type: Annual | Ticker: SILC |
| | Shares Voted: 1,600 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1 | Reelect Ayelet Aya Hayak as External Director for a Three-Year Period | Mgmt | For | For | For |
| 2 | Reelect Ilan Erez as External Director for a Three-Year Period | Mgmt | For | For | For |
| 3 | Grant Avi Eizenman, Active Chairman, Options to Purchase 13,333 Shares | Mgmt | For | For | For |
| 4 | Grant Yeshayahu ('Shaike') Orbach, CEO, Options to Purchase 13,333 Shares | Mgmt | For | For | For |
| 5 | Approve Compensation Policy for the Directors and Officers of the Company | Mgmt | For | For | For |
| 6 | Approve Annual Cash Bonus Plan for Avi Eizenman, Active Chairman | Mgmt | For | For | For |
| 7 | Approve Annual Cash Bonus Plan for Yeshayahu ('Shaike') Orbach, CEO | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Silicom Ltd.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 8 | Classify the Board of Directors | Mgmt | For | Against | Against |
| 9 | Reelect Avi Eizenman, Yeshayahu ('Shaike') Orbach, and Eli Doron as Directors | Mgmt | For | For | For |
| 10 | Reappoint Somekh Chaikin as Auditors and Authorize Board to Fix Their Remuneration | Mgmt | For | For | For |
| 11 | Discuss Financial Statements and the Report of the Board | Mgmt | | | |
| A | Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager | Mgmt | None | Refer | Against |
Meeting Date: 06/09/2016 | Country: USA | Primary Security ID: 156492100 |
Record Date: 04/11/2016 | Meeting Type: Annual | Ticker: CNTY |
| | Shares Voted: 2,700 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Robert S. Eichberg | Mgmt | For | For | For |
| 1.2 | Elect Director Dinah Corbaci | Mgmt | For | For | For |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | Against | Against |
| 4 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Lifetime Brands, Inc.
Meeting Date: 06/09/2016 | Country: USA | Primary Security ID: 53222Q103 |
Record Date: 04/18/2016 | Meeting Type: Annual | Ticker: LCUT |
| | Shares Voted: 1,695 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Jeffrey Siegel | Mgmt | For | For | For |
| 1.2 | Elect Director Ronald Shiftan | Mgmt | For | For | For |
| 1.3 | Elect Director Craig Phillips | Mgmt | For | For | For |
| 1.4 | Elect Director Michael J. Jeary | Mgmt | For | For | For |
| 1.5 | Elect Director John Koegel | Mgmt | For | For | For |
| 1.6 | Elect Director Cherrie Nanninga | Mgmt | For | For | For |
| 1.7 | Elect Director Dennis E. Reaves | Mgmt | For | For | For |
| 1.8 | Elect Director Michael J. Regan | Mgmt | For | For | For |
| 1.9 | Elect Director Sara Genster Robling | Mgmt | For | For | For |
| 1.10 | Elect Director William U. Westerfield | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 3 | Increase Authorized Common Stock | Mgmt | For | For | For |
Perry Ellis International, Inc.
Meeting Date: 06/09/2016 | Country: USA | Primary Security ID: 288853104 |
Record Date: 04/28/2016 | Meeting Type: Annual | Ticker: PERY |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Perry Ellis International, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director George Feldenkreis | Mgmt | For | For | For |
| 1.2 | Elect Director Jane E. DeFlorio | Mgmt | For | For | For |
| 1.3 | Elect Director Joe Arriola | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Approve Executive Incentive Bonus Plan | Mgmt | For | For | For |
| 4 | Ratify PricewaterhouseCoopers LLP as Auditors | Mgmt | For | For | For |
| 5 | Require Advance Notice for Shareholder Proposals/Nominations | Mgmt | For | Against | Against |
| 6 | Declassify the Board of Directors | Mgmt | For | For | For |
Addus HomeCare Corporation
Meeting Date: 06/15/2016 | Country: USA | Primary Security ID: 006739106 |
Record Date: 04/28/2016 | Meeting Type: Annual | Ticker: ADUS |
| | Shares Voted: 875 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1 | Elect Director Simon A. Bachleda | Mgmt | For | For | For |
| 2 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Pacific Ethanol, Inc.
Meeting Date: 06/16/2016 | Country: USA | Primary Security ID: 69423U305 |
Record Date: 04/20/2016 | Meeting Type: Annual | Ticker: PEIX |
| | Shares Voted: 3,600 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director William L. Jones | Mgmt | For | For | For |
| 1.2 | Elect Director Neil M. Koehler | Mgmt | For | For | For |
| 1.3 | Elect Director Terry L. Stone | Mgmt | For | For | For |
| 1.4 | Elect Director John L. Prince | Mgmt | For | For | For |
| 1.5 | Elect Director Douglas L. Kieta | Mgmt | For | For | For |
| 1.6 | Elect Director Larry D. Layne | Mgmt | For | For | For |
| 1.7 | Elect Director Michael D. Kandris | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Approve Omnibus Stock Plan | Mgmt | For | For | For |
| 4 | Ratify RSM US LLP as Auditors | Mgmt | For | For | For |
Meeting Date: 06/21/2016 | Country: USA | Primary Security ID: 649295102 |
Record Date: 04/25/2016 | Meeting Type: Annual | Ticker: NWY |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| New York & Company, Inc. | | |
| | Shares Voted: 3,660 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Gregory J. Scott | Mgmt | For | For | For |
| 1.2 | Elect Director Bodil M. Arlander | Mgmt | For | For | For |
| 1.3 | Elect Director David H. Edwab | Mgmt | For | For | For |
| 1.4 | Elect Director James O. Egan | Mgmt | For | For | For |
| 1.5 | Elect Director Lori H. Greeley | Mgmt | For | For | For |
| 1.6 | Elect Director Christy Haubegger | Mgmt | For | For | For |
| 1.7 | Elect Director John D. Howard | Mgmt | For | For | For |
| 1.8 | Elect Director Grace Nichols | Mgmt | For | For | For |
| 1.9 | Elect Director Michelle Pearlman | Mgmt | For | For | For |
| 1.10 | Elect Director Arthur E. Reiner | Mgmt | For | For | For |
| 2 | Amend Executive Incentive Bonus Plan | Mgmt | For | For | For |
| 3 | Ratify BDO USA, LLP as Auditors | Mgmt | For | For | For |
Stein Mart, Inc.
Meeting Date: 06/21/2016 | Country: USA | Primary Security ID: 858375108 |
Record Date: 04/14/2016 | Meeting Type: Annual | Ticker: SMRT |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Stein Mart, Inc. | | |
| | Shares Voted: 5,755 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Jay Stein | Mgmt | For | For | For |
| 1.2 | Elect Director John H. Williams, Jr. | Mgmt | For | For | For |
| 1.3 | Elect Director Dawn Robertson | Mgmt | For | For | For |
| 1.4 | Elect Director Irwin Cohen | Mgmt | For | For | For |
| 1.5 | Elect Director Thomas L. Cole | Mgmt | For | For | For |
| 1.6 | Elect Director Timothy Cost | Mgmt | For | For | For |
| 1.7 | Elect Director Lisa Galanti | Mgmt | For | For | For |
| 1.8 | Elect Director Mitchell W. Legler | Mgmt | For | For | For |
| 1.9 | Elect Director Richard L. Sisisky | Mgmt | For | For | For |
| 1.10 | Elect Director Burton M. Tansky | Mgmt | For | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Amend Omnibus Stock Plan | Mgmt | For | For | For |
| 4 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Barrett Business Services, Inc.
Meeting Date: 06/24/2016 | Country: USA | Primary Security ID: 068463108 |
Record Date: 05/09/2016 | Meeting Type: Annual | Ticker: BBSI |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| Barrett Business Services, Inc. |
| | Shares Voted: 985 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Thomas J. Carley | Mgmt | For | For | For |
| 1.2 | Elect Director Michael L. Elich | Mgmt | For | For | For |
| 1.3 | Elect Director James B. Hicks | Mgmt | For | Against | Against |
| 1.4 | Elect Director Roger L. Johnson | Mgmt | For | Against | Against |
| 1.5 | Elect Director Jon L. Justesen | Mgmt | For | For | For |
| 1.6 | Elect Director Anthony Meeker | Mgmt | For | Against | Against |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 3 | Other Business | Mgmt | For | Against | Against |
Harvard Bioscience, Inc.
Meeting Date: 06/24/2016 | Country: USA | Primary Security ID: 416906105 |
Record Date: 05/02/2016 | Meeting Type: Annual | Ticker: HBIO |
| | Shares Voted: 7,525 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director James W. Green | Mgmt | For | For | For |
| 1.2 | Elect Director Bertrand Loy | Mgmt | For | For | For |
| 2 | Ratify KPMG LLP as Auditors | Mgmt | For | For | For |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
Harvard Bioscience, Inc.
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
Hardinge Inc.
Meeting Date: 06/28/2016 | Country: USA | Primary Security ID: 412324303 |
Record Date: 05/12/2016 | Meeting Type: Annual | Ticker: HDNG |
| | Shares Voted: 4,060 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Mitchell I. Quain | Mgmt | For | For | For |
| 1.2 | Elect Director Richard L. Simons | Mgmt | For | For | For |
| 1.3 | Elect Director Benjamin L. Rosenzweig | Mgmt | For | For | For |
| 2 | Ratify Ernst & Young LLP as Auditors | Mgmt | For | For | For |
| 3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Mgmt | For | For | For |
| 4 | Declassify the Board of Directors | SH | None | For | For |
GAIN Capital Holdings, Inc.
Meeting Date: 06/30/2016 | Country: USA | Primary Security ID: 36268W100 |
Record Date: 05/09/2016 | Meeting Type: Annual | Ticker: GCAP |
Vote Summary Report
Reporting Period: 07/01/2015 to 06/30/2016
Location(s): All Locations
Institution Account(s): Foundry Micro Cap Value Fund
| GAIN Capital Holdings, Inc. | |
| | Shares Voted: 6,500 | |
| Proposal Number | Proposal Text | Proponent | Mgmt Rec | Voting Policy Rec | Vote Instruction |
| 1.1 | Elect Director Joseph Schenk | Mgmt | For | Against | Against |
| 1.2 | Elect Director Christopher W. Calhoun | Mgmt | For | Against | Against |
| 2 | Ratify Deloitte & Touche LLP as Auditors | Mgmt | For | For | For |
| 3 | Other Business | Mgmt | For | Against | Against |
Foundry Funds Proxy Voting Report
Reporting Period: 07/01/2014 to 06/30/2015
Institution Account(s): Foundry Micro Cap Value Fund
| By Randy Linscott | /s/ Randy Linscott | |
| President | |
| Date: August 20, 2016 | | |
