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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number | 811-22359 |
Papp Investment Trust |
(Exact name of registrant as specified in charter) |
2201 E. Camelback Road, Suite 227B Phoenix, Arizona | 45246 |
(Address of principal executive offices) | (Zip code) |
Carol Highsmith, Esq.
225 Pictoria Drive, Suite 450 Cincinnati, Ohio 45246 |
(Name and address of agent for service) |
Registrant's telephone number, including area code: | (602) 956-0980 |
Date of fiscal year end: | November 30 | |
Date of reporting period: | July 1, 2016 – June 30, 2017 |
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.
ITEM 1. PROXY VOTING RECORD.
Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:
(a) | The name of the issuer of the portfolio security; |
(b) | The exchange ticker symbol of the portfolio security; |
(c) | The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security; |
(d) | The shareholder meeting date; |
(e) | A brief identification of the matter voted on; |
(f) | Whether the matter was proposed by the issuer or by a security holder; |
(g) | Whether the registrant cast its vote on the matter; |
(h) | How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and |
(i) | Whether the registrant cast its vote for or against management. |
SIGNATURES
[See General Instruction F]
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.
(Registrant) Papp Investment Trust
By (Signature and Title)* | /s/ Harry A. Papp | ||
Harry A. Papp, President | |||
Date | August 10, 2017 |
* Print the name and title of each signing officer under his or her signature.
Papp Small & Mid-Cap Growth Fund
Proxy Voting Record
July 1, 2016 - June 30, 2017
Issuer Name | Ticker Symbol | CUSIP | Shareholder Meeting Date | Brief Identification of the Matter Voted On | Proposed by Issuer or Security Holder? | Did the Fund Vote? | How did the Fund Cast its Vote? For, Against, Abstain | Did the Fund vote With or Against Management? |
FEI Company | FEIC | 30241L109 | 08/30/16 | Approve the merger | Issuer | Yes | For | With |
Approve the adoption of any proposal | Issuer | Yes | For | With | ||||
Apporove executive compensation | Issuer | Yes | For | With | ||||
Linear Technology Corp. | LLTC | 535678106 | 10/18/16 | Approve the merger | Issuer | Yes | For | With |
Approve executive compensation | Issuer | Yes | For | With | ||||
Ratify auditors | Issuer | Yes | For | With | ||||
ResMed, Inc. | RMD | 761152107 | 11/16/16 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
The Clorox Company | CLX | 189054109 | 11/16/16 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve Threshold of special meeting | Security Holder | Yes | Against | With | ||||
PAREXEL International Corp. | PRXL | 699462107 | 12/08/16 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
Factset Research Systems, Inc. | FDS | 303075105 | 12/20/16 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
NXP Semiconductors N.V. | NXPI | N6596X109 | 01/27/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve asset sales | Issuer | Yes | For | With | ||||
Amend NXP's articles of association | Issuer | Yes | For | With | ||||
Varian Medical Systems, Inc. | VAR | 92220P105 | 02/09/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
C. R. Bard, Inc. | BCR | 067383109' | 04/19/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify the appointment of KPMG LLP | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve Say-On-Pay frequency of shareholder votes | Issuer | Yes | For | With | ||||
Silicon Laboratories, Inc. | SLAB | 826919102 | 04/20/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve Amendements to the 2009 stock incentice plan | Issuer | Yes | For | With | ||||
IDEX Corp. | IEX | 45167R104 | 04/26/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
T. Rowe Price Group, Inc. | TROW | 74144T108 | 04/26/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve the restated 1986 employees stock purchase plan | Issuer | Yes | For | With | ||||
Proposa; for a report on voting by our funds and on matters realted to climate change and exectutive compensation | Security Holder | Yes | Against | With | ||||
Treehouse Foods, Inc. | THS | 89469A104 | 04/27/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve Amendment of equity and incentive plan | Issuer | Yes | For | With | ||||
Expeditors International of Washington, Inc. | EXPD | 302130109 | 05/02/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve 2017 Omnibus Incentive Plan | Issuer | Yes | For | With | ||||
Link Executive compensation to sustainanility performance | Security Holder | Yes | Against | With | ||||
Trimble Navigation Ltd. | TRMB | 896239100 | 05/02/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
Appriove amendments to employee stock purchase plan | Issuer | Yes | For | With | ||||
Church & Dwight Co., Inc. | CHD | 171340102 | 05/04/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Reincorporation Proposals | Issuer | Yes | For | With | ||||
Ecolab, Inc. | ECL | 278865100 | 05/04/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Mettler-Toledo International, Inc. | MTD | 592688105 | 05/04/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
AMETEK Inc. | AME | 031100100 | 05/09/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
O'Reilly Automotive, Inc. | ORLY | 67103H107 | 05/09/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
Tractor Supply Company | TSCO | 892356106 | 05/09/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Wabtec Corporation | WAB | 929740108 | 05/10/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve stock incentive plan | Issuer | Yes | For | With | ||||
MEDNAX , Inc. | MD | 58502B106 | 05/11/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Proposal tp re-approve performance goals under incentive compensation plan | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Pioneer Natural Resources | PXD | 723787107 | 05/18/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
ANSYS, Inc. | ANSS | 03662Q105 | 05/01/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Williams- Sonoma, Inc. | WSM | 969904101 | 05/31/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Ratify Auditors | Issuer | Yes | For | With | ||||
Pra Health Sciences, Inc. | PRAH | 69354M108 | 06/01/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve Employee Stock Purchase Plan | Issuer | Yes | For | With | ||||
Costar Group, Inc. | CSGP | 22160N109 | 06/06/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Pegasystems, Inc. | PEGA | 705573103 | 06/21/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Criteo S.A. | CRTO | 226718104 | 06/28/17 | Electing the Board of Directors | Issuer | Yes | For | With |
Ratify Auditors | Issuer | Yes | For | With | ||||
Approve Executive Compensation | Issuer | Yes | For | With | ||||
Approve Statutory financial statements | Issuer | Yes | For | With | ||||
Employee Stock Ownership Plans | Issuer | Yes | For | With |