UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: | 811-22172
|
Exact name of registrant as specified in charter: | World Funds Trust
|
Address of principal executive offices: | 8730 Stony Point Parkway, Suite 205 Richmond, VA 23235 |
Name and address of agent for service: | The Corporation Trust Company 1209 Orange Street Wilmington, DE 19801 |
with a copy to: Practus, LLP 11300 Tomahawk Creek Parkway, Suite 310 Leawood, KS 66211 | |
Registrant's telephone number, including area code: | 800-267-7400 |
Date of fiscal year end: | December 31st |
Date of reporting period: | July 1, 2021 to June 30, 2022 |
Item 1. Proxy Voting Record.
Rule One Fund -------------------------------------------------------------------------------------------------------------------------- ARMADA HOFFLER PROPERTIES, INC. Agenda Number: 935630803 -------------------------------------------------------------------------------------------------------------------------- Security: 04208T108 Meeting Type: Annual Ticker: AHH Meeting Date: 15-Jun-2022 ISIN: US04208T1088 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR George F. Allen Mgmt For For James A. Carroll Mgmt For For James C. Cherry Mgmt For For Louis S. Haddad Mgmt For For Eva S. Hardy Mgmt For For Daniel A. Hoffler Mgmt For For A. Russell Kirk Mgmt For For Dorothy S. McAuliffe Mgmt For For John W. Snow Mgmt For For 2. Ratification of the appointment of Ernst & Young LLP Mgmt For For as our independent registered public accounting firm for our fiscal year ending December 31, 2022. 3. Advisory vote to approve the compensation of our named Mgmt For For executive officers. -------------------------------------------------------------------------------------------------------------------------- BANK OZK Agenda Number: 935575590 -------------------------------------------------------------------------------------------------------------------------- Security: 06417N103 Meeting Type: Annual Ticker: OZK Meeting Date: 16-May-2022 ISIN: US06417N1037 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Director: Nicholas Brown Mgmt For For 1B. Election of Director: Paula Cholmondeley Mgmt For For 1C. Election of Director: Beverly Cole Mgmt For For 1D. Election of Director: Robert East Mgmt For For 1E. Election of Director: Kathleen Franklin Mgmt For For 1F. Election of Director: Jeffrey Gearhart Mgmt For For 1G. Election of Director: George Gleason Mgmt For For 1H. Election of Director: Peter Kenny Mgmt For For 1I. Election of Director: William A. Koefoed, Jr. Mgmt For For 1J. Election of Director: Christopher Orndorff Mgmt For For 1K. Election of Director: Steven Sadoff Mgmt For For 1L. Election of Director: Ross Whipple Mgmt For For 2. To ratify the appointment of PricewaterhouseCoopers Mgmt For For LLP as the Company's independent registered public accounting firm for the year ending December 31, 2022. 3. To approve, on an advisory, non-binding basis, the Mgmt For For compensation of the Company's named executive officers as disclosed in the Proxy Statement. -------------------------------------------------------------------------------------------------------------------------- HUNTINGTON INGALLS INDUSTRIES, INC. Agenda Number: 935572479 -------------------------------------------------------------------------------------------------------------------------- Security: 446413106 Meeting Type: Annual Ticker: HII Meeting Date: 03-May-2022 ISIN: US4464131063 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Director: Philip M. Bilden Mgmt For For 1B. Election of Director: Augustus L. Collins Mgmt For For 1C. Election of Director: Kirkland H. Donald Mgmt For For 1D. Election of Director: Victoria D. Harker Mgmt For For 1E. Election of Director: Frank R. Jimenez Mgmt For For 1F. Election of Director: Christopher D. Kastner Mgmt For For 1G. Election of Director: Anastasia D. Kelly Mgmt For For 1H. Election of Director: Tracy B. McKibben Mgmt For For 1I. Election of Director: Stephanie L. O'Sullivan Mgmt For For 1J. Election of Director: C. Michael Petters Mgmt For For 1K. Election of Director: Thomas C. Schievelbein Mgmt For For 1L. Election of Director: John K. Welch Mgmt For For 1M. Election of Director: Stephen R. Wilson Mgmt For For 2. Approve executive compensation on an advisory basis Mgmt For For 3. Ratify the appointment of Deloitte & Touche LLP as Mgmt For For independent auditors for 2022 4. Approve the Huntington Ingalls Industries, Inc. 2022 Mgmt For For Long-Term Incentive Stock Plan 5. Stockholder proposal to reduce the threshold at which Shr Against For stockholders can require a special meeting of stockholders -------------------------------------------------------------------------------------------------------------------------- SPROUTS FARMERS MARKET, INC. Agenda Number: 935586961 -------------------------------------------------------------------------------------------------------------------------- Security: 85208M102 Meeting Type: Annual Ticker: SFM Meeting Date: 25-May-2022 ISIN: US85208M1027 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1. DIRECTOR Kristen E. Blum Mgmt For For Jack L. Sinclair Mgmt For For 2. To vote on a non-binding advisory resolution to Mgmt For For approve the compensation paid to our named executive officers for fiscal 2021 ("say-on-pay"). 3. To approve the Sprouts Farmers Market, Inc. 2022 Mgmt For For Omnibus Incentive Compensation Plan. 4. To ratify the appointment of PricewaterhouseCoopers Mgmt For For LLP as our independent registered public accounting firm for the fiscal year ending January 1, 2023. -------------------------------------------------------------------------------------------------------------------------- STURM, RUGER & COMPANY, INC. Agenda Number: 935612843 -------------------------------------------------------------------------------------------------------------------------- Security: 864159108 Meeting Type: Annual Ticker: RGR Meeting Date: 01-Jun-2022 ISIN: US8641591081 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1a. Election of Director: John A. Cosentino, Jr. Mgmt For For 1b. Election of Director: Michael O. Fifer Mgmt For For 1c. Election of Director: Sandra S. Froman Mgmt For For 1d. Election of Director: Rebecca S. Halstead Mgmt For For 1e. Election of Director: Christopher J. Killoy Mgmt For For 1f. Election of Director: Terrence G. O'Connor Mgmt For For 1g. Election of Director: Amir P. Rosenthal Mgmt For For 1h. Election of Director: Ronald C. Whitaker Mgmt For For 1i. Election of Director: Phillip C. Widman Mgmt For For 2. The ratification of the appointment of RSM US LLP as Mgmt For For the Independent Auditors of the Company for the 2022 fiscal year. 3. An advisory vote on the compensation of the Company's Mgmt For For Named Executive Officers. 4. A shareholder proposal entitled "Human Rights Impact Shr Against For Assessment." -------------------------------------------------------------------------------------------------------------------------- THE BOEING COMPANY Agenda Number: 935558621 -------------------------------------------------------------------------------------------------------------------------- Security: 097023105 Meeting Type: Annual Ticker: BA Meeting Date: 29-Apr-2022 ISIN: US0970231058 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A. Election of Director: Robert A. Bradway Mgmt For For 1B. Election of Director: David L. Calhoun Mgmt For For 1C. Election of Director: Lynne M. Doughtie Mgmt For For 1D. Election of Director: Lynn J. Good Mgmt For For 1E. Election of Director: Stayce D. Harris Mgmt For For 1F. Election of Director: Akhil Johri Mgmt For For 1G. Election of Director: David L. Joyce Mgmt For For 1H. Election of Director: Lawrence W. Kellner Mgmt For For 1I. Election of Director: Steven M. Mollenkopf Mgmt For For 1J. Election of Director: John M. Richardson Mgmt For For 1K. Election of Director: Ronald A. Williams Mgmt For For 2. Approve, on an Advisory Basis, Named Executive Officer Mgmt For For Compensation. 3. Approve The Boeing Company Global Stock Purchase Plan. Mgmt For For 4. Ratify the Appointment of Deloitte & Touche LLP as Mgmt For For Independent Auditor for 2022. 5. Additional Report on Lobbying Activities. Shr Against For 6. Additional Report on Charitable Contributions. Shr Against For 7. Reduce Threshold to Call Special Meetings from 25% to Shr Against For 10%. 8. Report on Net Zero Indicator. Shr For For * Management position unknown
Vote Summary Brief | ||||||||||||
Type | Meeting Date | Record Date | Cutoff Date | Cusip | Issuer | Shares | ||||||
Special Meeting | 4/28/2022 | 3/14/2022 | 4/27/2022 | 00507V109 | Activision Blizzard, Inc. | 97,000.00 | ||||||
# | Description | MRV | Vote | |||||||||
1. | To adopt the Agreement and Plan of Merger (as it may be amended from time to time), dated as of January 18, 2022 (the "merger agreement"), by and among Activision Blizzard, Inc. ("Activision Blizzard"), Microsoft Corporation and Anchorage Merger Sub Inc., a wholly owned subsidiary of Microsoft Corporation. | For | For | |||||||||
2. | To approve, by means of a non-binding, advisory vote, compensation that will or may become payable to the named executive officers of Activision Blizzard in connection with the merger pursuant to the merger agreement. | For | For | |||||||||
3. | To adjourn the special meeting to a later date or dates, if necessary or appropriate, to allow time to solicit additional proxies if there are insufficient votes to adopt the merger agreement at the time of the special meeting. | For | For | |||||||||
The transaction of such other business as may properly come before the meeting. | N/A | N/A | ||||||||||
Type | Meeting Date | Record Date | Cutoff Date | Cusip | Issuer | Shares | ||||||
Annual Meeting | 6/21/2022 | 4/22/2022 | 6/20/2022 | 00507V109 | Activision Blizzard, Inc. | 97,000.00 | ||||||
# | Description | MRV | Vote | |||||||||
1. | Election of Directors | For | For | |||||||||
1.01 | Reveta Bowers | For | For | |||||||||
1.02 | Kerry Carr | For | For | |||||||||
1.03 | Robert Corti | For | For | |||||||||
1.04 | Brian Kelly | For | For | |||||||||
1.05 | Robert Kotick | For | For | |||||||||
1.06 | Lulu Meservey | For | For | |||||||||
1.07 | Barry Meyer | For | For | |||||||||
1.08 | Robert Morgado | For | For | |||||||||
1.09 | Peter Nolan | For | For | |||||||||
1.10 | Dawn Ostroff | For | For | |||||||||
2. | Advisory vote to approve our executive compensation | For | For | |||||||||
3. | Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm | For | For | |||||||||
4. | Shareholder proposal regarding the nomination of an employee representative director | Against | Against | |||||||||
5. | Shareholder proposal regarding the preparation of a report about the Company’s efforts to prevent abuse, harassment, and discrimination | Against | Against | |||||||||
The transaction of such other business as may properly come before the meeting. | N/A | N/A | ||||||||||
Type | Meeting Date | Record Date | Cutoff Date | Cusip | Issuer | Shares | ||||||
Annual Meeting | 5/3/2022 | 3/4/2022 | 4/29/2022 | 067901108 | Barrick Gold Corporation | 88,426.00 | ||||||
# | Description | MRV | Vote | |||||||||
1. | ELECTION OF DIRECTORS | For | For | |||||||||
1.01 | D. M. Bristow | For | For | |||||||||
1.02 | H. Cai | For | For | |||||||||
1.03 | G. A. Cisneros | For | For | |||||||||
1.04 | C. L. Coleman | For | For | |||||||||
1.05 | J. M. Evans | For | For | |||||||||
1.06 | B. L. Greenspun | For | For | |||||||||
1.07 | J. B. Harvey | For | For | |||||||||
1.08 | A. N. Kabagambe | For | For | |||||||||
1.09 | A. J. Quinn | For | For | |||||||||
1.10 | M. L. Silva | For | For | |||||||||
1.11 | J. L. Thornton | For | For | |||||||||
2. | RESOLUTION APPROVING THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP as the auditor of Barrick and authorizing the directors to fix its remuneration | For | For | |||||||||
3. | ADVISORY RESOLUTION ON APPROACH TO EXECUTIVE COMPENSATION | For | For | |||||||||
Type | Meeting Date | Record Date | Cutoff Date | Cusip | Issuer | Shares | ||||||
Annual Meeting | 6/2/2022 | 4/4/2022 | 6/1/2022 | 64110L106 | Netflix, Inc. | 19,000.00 | ||||||
# | Description | MRV | Vote | |||||||||
1. | To elect four Class II directors to hold office until the 2025 Annual Meeting of Stockholders. | For | For | |||||||||
1.01 | Timothy Haley | For | For | |||||||||
1.02 | Leslie Kilgore | For | For | |||||||||
1.03 | Strive Masiyiwa | For | For | |||||||||
1.04 | Ann Mather | For | For | |||||||||
2. | Management Proposal: Declassification of the Board of Directors. | For | For | |||||||||
3. | Management Proposal: Elimination of Supermajority Voting Provisions. | For | For | |||||||||
4. | Management Proposal: Creation of a New Stockholder Right to Call a Special Meeting. | For | For | |||||||||
5. | Ratification of Appointment of Independent Registered Public Accounting Firm. | For | For | |||||||||
6. | Advisory Approval of Executive Officer Compensation. | For | For | |||||||||
7. | Stockholder Proposal entitled, "Proposal 7 - Simple Majority Vote," if properly presented at the meeting. | Against | Against | |||||||||
8. | Stockholder Proposal entitled, "Proposal 8 - Lobbying Activity Report," if properly presented at the meeting. | Against | Against |
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
World Funds Trust
(Registrant)
By /s/ Karen Shupe
Name: Karen Shupe
Title: Principal Executive Officer
Date: August 25, 2022