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 85016
(Address of principal executive offices) (Zip code)
Paul F. Leone
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, 2021 – June 30, 2022
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. |
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? |
RBC Bearings Inc | ROLL | 75524B104 | 09/07/21 | Election of Directors | Issuer | Yes | For | With |
RBC Bearings Inc | ROLL | 75524B104 | 09/07/21 | Radify Auditors | Issuer | Yes | For | With |
RBC Bearings Inc | ROLL | 75524B104 | 09/07/21 | Executive Compensation | Issuer | Yes | For | With |
The Clorox Company | CLX | 189054109 | 11/16/21 | Election of Directors | Issuer | Yes | For | With |
The Clorox Company | CLX | 189054109 | 11/16/21 | Radify Auditors | Issuer | Yes | For | With |
The Clorox Company | CLX | 189054109 | 11/16/21 | Executive Compensation | Issuer | Yes | For | With |
The Clorox Company | CLX | 189054109 | 11/16/21 | Stock incentive plan | Issuer | Yes | For | With |
The Clorox Company | CLX | 198054109 | 11/16/21 | Non- managment employees on Director nominee candidate lists | Shareholder | Yes | Against | With |
Bottomline Techologies Inc | EPAY | 101388106 | 11/18/21 | Election of Directors | Issuer | Yes | For | With |
Bottomline Techologies Inc | EPAY | 101388106 | 11/18/21 | Radify Auditors | Issuer | Yes | For | With |
Bottomline Techologies Inc | EPAY | 101388106 | 11/18/21 | Executive Compensation | Issuer | Yes | For | With |
ResMed Inc | RMD | 761152107 | 11/18/21 | Election of Directors | Issuer | Yes | For | With |
ResMed Inc | RMD | 761152107 | 11/18/21 | Radify Auditors | Issuer | Yes | For | With |
ResMed Inc | RMD | 761152107 | 11/18/21 | Executive Compensation | Issuer | Yes | For | With |
FactSet Research Systems Inc | FDS | 303075105 | 12/16/21 | Election of Directors | Issuer | Yes | For | With |
FactSet Research Systems Inc | FDS | 303075105 | 12/16/21 | Radify Auditors | Issuer | Yes | For | With |
FactSet Research Systems Inc | FDS | 303075105 | 12/16/21 | Executive Compensation | Issuer | Yes | For | With |
FactSet Research Systems Inc | FDS | 303075105 | 12/16/21 | Stockholder proposal on proxy access | Shareholder | Yes | Against | With |
The Scotts Miracle- Gro Company | SMG | 810186106 | 01/24/22 | Election of Directors | Issuer | Yes | For | With |
The Scotts Miracle- Gro Company | SMG | 810186106 | 01/24/22 | Radify Auditors | Issuer | Yes | For | With |
The Scotts Miracle- Gro Company | SMG | 810186106 | 01/24/22 | Executive Compensation | Issuer | Yes | For | With |
The Scotts Miracle- Gro Company | SMG | 810186106 | 01/24/22 | Increase max number of common shares available for grant participants | Issuer | Yes | For | With |
Bottomline Technologies | EPAY | 101388106 | 03/08/22 | Radify Auditors | Issuer | Yes | For | With |
Bottomline Technologies | EPAY | 101388106 | 03/08/22 | Executive Compensation | Issuer | Yes | For | With |
Bottomline Technologies | EPAY | 101388106 | 03/08/22 | Non- binding, advisory vote, compensation connected to the merger | Issuer | Yes | For | With |
Silicon Laboratories Inc | SLAB | 826919102 | 04/21/22 | Election of Directors | Issuer | Yes | For | With |
Silicon Laboratories Inc | SLAB | 826919102 | 04/21/22 | Radify Auditors | Issuer | Yes | For | With |
Silicon Laboratories Inc | SLAB | 826919102 | 04/21/22 | Executive Compensation | Issuer | Yes | For | With |
Valmont Industries Inc | VMI | 920253101 | 04/26/22 | Election of Directors | Issuer | Yes | For | With |
Valmont Industries Inc | VMI | 920253101 | 04/26/22 | Radify Auditors | Issuer | Yes | For | With |
Valmont Industries Inc | VMI | 920253101 | 04/26/22 | Executive Compensation | Issuer | Yes | For | With |
Valmont Industries Inc | VMI | 920253101 | 04/26/22 | Valmont 2022 Stock Plan | Issuer | Yes | For | With |
Expeditors Int'l of Washington Inc | EXPD | 302130109 | 05/03/22 | Election of Directors | Issuer | Yes | For | With |
Expeditors Int'l of Washington Inc | EXPD | 302130109 | 05/03/22 | Radify Auditors | Issuer | Yes | For | With |
Expeditors Int'l of Washington Inc | EXPD | 302130109 | 05/03/22 | Executive Compensation | Issuer | Yes | For | With |
Expeditors Int'l of Washington Inc | EXPD | 302130109 | 05/03/22 | Poltical Spending Disclosure | Shareholder | Yes | Against | With |
Church & Dwight Company Inc | CHD | 171340102 | 04/28/22 | Election of Directors | Issuer | No | ||
Church & Dwight Company Inc | CHD | 171340102 | 04/28/22 | Radify Auditors | Issuer | No | ||
Church & Dwight Company Inc | CHD | 171340102 | 04/28/22 | Equity Compensation Plan | Issuer | No | ||
Church & Dwight Company Inc | CHD | 171340102 | 04/28/22 | Special Shareholder Meeting Improvement | Shareholder | No | ||
Teleflex Inc | TFX | 879369106 | 04/29/22 | Election of Directors | Issuer | No | ||
Teleflex Inc | TFX | 879369106 | 04/29/22 | Executive Compensation | Issuer | No | ||
Teleflex Inc | TFX | 879369106 | 04/29/22 | Radify Auditors | Issuer | No | ||
Teleflex Inc | TFX | 879369106 | 04/29/22 | Declassify the Board of Directors, if properly presented | Shareholder | No | ||
UTz Brands Inc | UTZ | 918090101 | 05/05/22 | Election of Directors | Issuer | Yes | For | With |
UTz Brands Inc | UTZ | 918090101 | 05/05/22 | Radify Auditors | Issuer | Yes | For | With |
UTz Brands Inc | UTZ | 918090101 | 05/05/22 | Executive Compensation | Issuer | Yes | For | With |
YETI Holdings Inc | YETI | 98585X104 | 05/05/22 | Election of Directors | Issuer | Yes | For | With |
YETI Holdings Inc | YETI | 98585X104 | 05/05/22 | Radify Auditors | Issuer | Yes | For | With |
YETI Holdings Inc | YETI | 98585X104 | 05/05/22 | Executive Compensation | Issuer | Yes | For | With |
T. Rowe Price Group, Inc. | TROW | 74144T108 | 05/09/22 | Election of Directors | Issuer | Yes | For | With |
T. Rowe Price Group, Inc. | TROW | 74144T108 | 05/09/22 | Radify Auditors | Issuer | Yes | For | With |
T. Rowe Price Group, Inc. | TROW | 74144T108 | 05/09/22 | Executive Compensation | Issuer | Yes | For | With |
ANSYS Inc | ANSS | 03662Q105 | 05/12/22 | Election of Directors | Issuer | Yes | For | With |
ANSYS Inc | ANSS | 03662Q105 | 05/12/22 | Radify Auditors | Issuer | Yes | For | With |
ANSYS Inc | ANSS | 03662Q105 | 05/12/22 | Executive Compensation | Issuer | Yes | For | With |
ANSYS Inc | ANSS | 03662Q105 | 05/12/22 | Employee Stock Purchase Plan | Issuer | Yes | For | With |
ANSYS Inc | ANSS | 03662Q105 | 05/12/22 | Approval of Amendment | Issuer | Yes | For | With |
ANSYS Inc | ANSS | 03662Q105 | 05/12/22 | Stockholder proposal requesting the snnual election of directors | Shareholder | Yes | Against | With |
O'Reilly Automotive Inc | ORLY | 67103H107 | 05/12/22 | Election of Directors | Issuer | Yes | For | With |
O'Reilly Automotive Inc | ORLY | 67103H107 | 05/12/22 | Radify Auditors | Issuer | Yes | For | With |
O'Reilly Automotive Inc | ORLY | 67103H107 | 05/12/22 | Executive Compensation | Issuer | Yes | For | With |
O'Reilly Automotive Inc | ORLY | 67103H107 | 05/12/22 | Shareholder proposal entitled special shareholder meeting improvment | Shareholder | Yes | Against | With |
Quidel Corporation | QDEL | 74838J101 | 05/16/22 | Election of Directors | Issuer | Yes | For | With |
Quidel Corporation | QDEL | 74838J101 | 05/16/22 | Radify Auditors | Issuer | Yes | For | With |
Quidel Corporation | QDEL | 74838J101 | 05/16/22 | Executive Compensation | Issuer | Yes | For | With |
Trimble Inc | TRMB | 896239100 | 05/25/22 | Election of Directors | Issuer | Yes | For | With |
Trimble Inc | TRMB | 896239100 | 05/25/22 | Radify Auditors | Issuer | Yes | For | With |
Trimble Inc | TRMB | 896239100 | 05/25/22 | Executive Compensation | Issuer | Yes | For | With |
AMETEK Inc | AME | 031100100 | 05/05/22 | Election of Directors | Issuer | Yes | For | With |
AMETEK Inc | AME | 031100100 | 05/05/22 | Radify Auditors | Issuer | Yes | For | With |
AMETEK Inc | AME | 031100100 | 05/05/22 | Executive Compensation | Issuer | Yes | For | With |
Mettler- Toledo International Inc | MTD | 592688105 | 05/05/22 | Election of Directors | Issuer | Yes | For | With |
Mettler- Toledo International Inc | MTD | 592688105 | 05/05/22 | Radify Auditors | Issuer | Yes | For | With |
Mettler- Toledo International Inc | MTD | 592688105 | 05/05/22 | Executive Compensation | Issuer | Yes | For | With |
YETI Holdings Inc | YETI | 98585X104 | 05/05/22 | Election of Directors | Issuer | Yes | For | With |
YETI Holdings Inc | YETI | 98585X104 | 05/05/22 | Executive Compensation | Issuer | Yes | For | With |
YETI Holdings Inc | YETI | 98585X104 | 05/05/22 | Radify Auditors | Issuer | Yes | For | With |
Ecolab Inc | ECL | 278865100 | 05/05/22 | Election of Directors | Issuer | No | ||
Ecolab Inc | ECL | 278865100 | 05/05/22 | Radify Auditors | Issuer | No | ||
Ecolab Inc | ECL | 278865100 | 05/05/22 | Executive Compensation | Issuer | No | ||
Ecolab Inc | ECL | 278865100 | 05/05/22 | Special meeting ownership threshold, if properly presented | Shareholder | No | ||
IDEX Corporation | IEX | 45167R104 | 05/06/22 | Election of Directors | Issuer | No | ||
IDEX Corporation | IEX | 45167R104 | 05/06/22 | Executive Compensation | Issuer | No | ||
IDEX Corporation | IEX | 45167R104 | 05/06/22 | Radify Auditors | Issuer | No | ||
NXP Semiconductors NV | NXPI | N6596X109 | 06/01/22 | Election of Directors | Issuer | Yes | For | With |
NXP Semiconductors NV | NXPI | N6596X109 | 06/01/22 | Radify Auditors | Issuer | Yes | For | With |
NXP Semiconductors NV | NXPI | N6596X109 | 06/01/22 | Executive Compensation | Issuer | Yes | For | With |
NXP Semiconductors NV | NXPI | N6596X109 | 06/01/22 | Amendment of Articles of Association | Issuer | Yes | For | With |
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CoStar Group Inc | CSGP | 22160N109 | 06/09/22 | Election of Directors | Issuer | Yes | For | With |
CoStar Group Inc | CSGP | 22160N109 | 06/09/22 | Radify Auditors | Issuer | Yes | For | With |
CoStar Group Inc | CSGP | 22160N109 | 06/09/22 | Executive Compensation | Issuer | Yes | For | With |
CoStar Group Inc | CSGP | 22160N109 | 06/09/22 | Stockholder right to call a special meeting | Shareholder | Yes | Against | with |
Pegasystems Inc | PEGA | 705573103 | 06/21/22 | Election of Directors | Issuer | Yes | For | With |
Pegasystems Inc | PEGA | 705573103 | 06/21/22 | Radify Auditors | Issuer | Yes | For | With |
Pegasystems Inc | PEGA | 705573103 | 06/21/22 | Executive Compensation | Issuer | Yes | For | With |
Pegasystems Inc | PEGA | 705573103 | 06/21/22 | Simple majority voting | Shareholder | Yes | Against | With |
Informatica Inc | INFA | 45674M101 | 06/14/22 | Election of Directors | Issuer | Yes | For | With |
Informatica Inc | INFA | 45674M101 | 06/14/22 | Radify Auditors | Issuer | Yes | For | With |
Informatica Inc | INFA | 45674M101 | 06/14/22 | Executive Compensation | Issuer | Yes | For | With |
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 25, 2022_____
* Print the name and title of each signing officer under his or her signature.