UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
811-23404
Investment Company Act file number
North Capital Funds Trust
(Exact name of registrant as specified by charter)
623 E Fort Union Blvd
Suite 101
Salt Lake City, UT 84047
(Address of principal executive offices) (Zip code)
(Address of principal executive offices) (Zip code)
North Capital Funds Trust
623 E Fort Union Blvd
Suite 101
Salt Lake City, UT 84047
(Name and address of agent for service)
1-888-625-7768
Registrant's telephone number, including area code
Date of fiscal year end: 04/30
Date of reporting period: July 1, 2019 – June 30, 2020
Item 1. Proxy Voting Record.
North Capital Treaury Money Market Fund | |||
Period: 7/17/2019 to 6/30/2020 | |||
There is no proxy voting activity for the fund as the fund did not hold any votable positions during the reporting period. | |||
North Capital Emerging Technology Fund | |||
Period: 8/9/2019 to 4/17/2020 | |||
Company Name | Meeting Date | CUSIP | Ticker |
Apple Inc. | 2/26/2020 | 037833100 | AAPL |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director James Bell | Issuer |
For | For | Election of Director Tim Cook | Issuer |
For | For | Election of Director Al Gore | Issuer |
For | For | Election of Director Andrea Jung | Issuer |
For | For | Election of Director Art Levinson | Issuer |
For | For | Election of Director Ron Sugar | Issuer |
For | For | Election of Director Sue Wagner | Issuer |
For | For | Ratification of the appointment of Ernst & Young LLP as Apple's independent registered public accounting firm for 2020 | Issuer |
For | For | Advisory vote to approve executive compensation | Issuer |
Against | Against | A shareholder proposal entitled "Shareholder Proxy Access Amendments" | Security Holder |
Against | Against | A shareholder proposal relating to sustainability and executive compensation | Security Holder |
Against | Against | A shareholder proposal relating to policies on freedom of expression | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
Adobe Inc. | 4/9/2020 | 00724F101 | ADBE |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Amy Banse | Issuer |
For | For | Election of Director Frank Calderoni | Issuer |
For | For | Election of Director James Daley | Issuer |
For | For | Election of Director Laura Desmond | Issuer |
For | For | Election of Director Charles Geschke | Issuer |
For | For | Election of Director Shantanu Narayen | Issuer |
For | For | Election of Director Kathleen Oberg | Issuer |
For | For | Election of Director Dheeraj Pandey | Issuer |
For | For | Election of Director David Ricks | Issuer |
For | For | Election of Director Daniel Rosensweig | Issuer |
For | For | Election of Director John Warnock | Issuer |
For | For | Approve the 2020 Employee Stock Purchase Plan, which amends and restates the 1997 Employee Stock Purchase Plan | Issuer |
For | For | Ratify the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending November 27, 2020 | Issuer |
For | For | Approve, on an advisory basis, the compensation of the named executive officers. | Issuer |
Against | Against | Consider stockholder proposal regarding gender/racial pay equity | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
Applied Materials, Inc | 3/12/2020 | 038222105 | AMAT |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Judy Bruner | Issuer |
For | For | Election of Director Xun (Eric) Chen | Issuer |
For | For | Election of Director Aart J. de Geus | Issuer |
For | For | Election of Director Gary E. Dickerson | Issuer |
For | For | Election of Director Stephen R. Forrest | Issuer |
For | For | Election of Director Thomas J Iannotti | Issuer |
For | For | Election of Director Alexander A Karsner | Issuer |
For | For | Election of Director Adrianna C. Ma | Issuer |
For | For | Election of Director Yvonne McGill | Issuer |
For | For | Election of Director Scott A McGregor | Issuer |
For | For | Approval, on an advisory basis, of the compensation of Applied Materials' named executive officers for fiscal year 2019 | Issuer |
For | For | Ratification of the appointment of KPMG LLP as Applied Materials' independent registered public accounting firm for fiscal year 2020 | Issuer |
For | For | Approval of an amendment and restatement of Applied Materials' Certificate of Incorporation to allow shareholders to act by written consent | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
Anthem, Inc. | 5/21/2020 | 036752103 | ANTM |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Gail K. Boudreaux | Issuer |
For | For | Election of Director R. Kerry Clark | Issuer |
For | For | Election of Director Robert L Dixon, Jr. | Issuer |
For | For | Advisory vote to approve the compensation of named executive officers | Issuer |
For | For | To ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2020 | Issuer |
Against | Against | Shareholder proposal to allow shareholders owning 10% or more of common stock to call a special meeting of shareholders | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
Aptive PLC | 4/23/2020 | G6095L109 | APTV |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Kevin P Clark | Issuer |
For | For | Election of Director Nancy E. Cooper | Issuer |
For | For | Election of Director Nicholas M Donofrio | Issuer |
For | For | Election of Director Rajiv L Gupta | Issuer |
For | For | Election of Director Joseph L Hooley | Issuer |
For | For | Election of Director Sean O Mahoney | Issuer |
For | For | Election of Director Paul M Meister | Issuer |
For | For | Election of Director Robert K Ortberg | Issuer |
For | For | Election of Director Colin J Parris | Issuer |
For | For | Election of Director Ana G Pinczuk | Issuer |
For | For | Election of Director Lawrence A Zimmerman | Issuer |
For | For | Proposal to re-appoint auditors, ratify independent public accounting firm and authorize the directors to determine the fees paid to the auditors | Issuer |
For | For | Say-on-Pay to approve, by advisory vote, executive compensation | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
Biotelemetry, Inc. | 5/8/2020 | 090672106 | BEAT |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Class I Director until 2023 Annual Meeting Joseph H Capper | Issuer |
For | For | Election of Class I Director until 2023 Annual Meeting Joseph A Frick | Issuer |
For | For | Election of Class I Director until 2023 Annual Meeting Colin Hill | Issuer |
For | For | Advisory resolution to approve of the compensation of the named executive officers | Issuer |
For | For | Approval of the Biotelemetry, Inc. Amended and Restated 2017 Employee Stock Purchase Plan | Issuer |
For | For | Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2020 | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
International Business Machines (IBM) Corp. | 4/28/2020 | 459200101 | IBM |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Thomas Buberl | Issuer |
For | For | Election of Director Michael L Eskew | Issuer |
For | For | Election of Director David N Farr | Issuer |
For | For | Election of Director Alex Gorsky | Issuer |
For | For | Election of Director Michelle J Howard | Issuer |
For | For | Election of Director Arvind Krishna | Issuer |
For | For | Election of Director Andrew N Liveris | Issuer |
For | For | Election of Director F. William McNabb III | Issuer |
For | For | Election of Director Martha E Pollack | Issuer |
For | For | Election of Director Virginia M Rometty | Issuer |
For | For | Election of Director Joseph R. Swedish | Issuer |
For | For | Election of Director Sidney Taurel | Issuer |
For | For | Election of Director Peter R. Voser | Issuer |
For | For | Election of Director Frederick H. Waddell | Issuer |
For | For | Ratification of Appointment of Independent Registered Public Accounting Firm | Issuer |
For | For | Advisory Vote on Executive Compensation | Issuer |
Against | Against | Stockholder proposal on Shareholder Right to Remove Directors | Security Holder |
Against | Against | Stockholder proposal on the Right to Act by Written Consent | Security Holder |
Against | Against | Stockholder Proposal to Have an Independent Board Chairman | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
Intel Corporation | 5/14/2020 | 458140100 | INTC |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director James J Goetz | Issuer |
For | For | Election of Director Alyssa Henry | Issuer |
For | For | Election of Director Omar Ishrak | Issuer |
For | For | Election of Director Risa Lavizzo-Mourey | Issuer |
For | For | Election of Director Tsu-Jae King Liu | Issuer |
For | For | Election of Director Gregory D. Smith | Issuer |
For | For | Election of Director Robert ("Bob") H. Swan | Issuer |
For | For | Election of Director Andrew Wilson | Issuer |
For | For | Election of Director Frank D Yeary | Issuer |
For | For | Ratification of selection of Ernst & Young LLP as independent registered public accounting firm for 2020 | issuer |
For | For | Advisory vote to approve executive compensation of our listed officers | Issuer |
For | For | Approval of amendment and restatement of the 2006 Employee Stock Purchase Plan | Issuer |
Against | Against | Stockholder proposal on whether to allow stockholders to act by written consent, if properly presented at the meeting | Security Holder |
Against | Against | Stockholder proposal requesting a report on the global median gender/racial pay gap, if properly presented at the meeting | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
Intuitive Surgical, Inc. | 4/23/2020 | 46120E602 | ISRG |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Craig H Barratt, Ph.D. | Issuer |
For | For | Election of Director Joseph C Beery | Issuer |
For | For | Election of Director Gary S. Guthart, Ph.D. | Issuer |
For | For | Election of Director Amal M Johnson | Issuer |
For | For | Election of Director Don R. Kania, Ph.D. | Issuer |
For | For | Election of Director Amy L. Ladd, M.D. | Issuer |
For | For | Election of Director Keith R. Leonard, Jr. | Issuer |
For | For | Election of Director Alan J. Levy, Ph.D. | Issuer |
For | For | Election of Director Jami Dover Nachtsheim | Issuer |
For | For | Election of Director Mark J. Rubash | Issuer |
For | For | To approve, by advisory vote, the compensation of the Company's Named Executive Officers | Issuer |
For | For | The ratification of appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2020 | Issuer |
For | For | To approve the Company's Amended and Restated 2010 Incentive Award Plan | Issuer |
For | For | To approve the amendment of the Certificate of Incorporation to adopt simple majority voting provisions | Issuer |
For | For | To approve the amendment of the Certificate of Incorporation to permit stockholders to call a special meeting | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
JP Morgan Chase & Co. | 5/19/2020 | 46625H100 | JPM |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Linda B Bammann | Issuer |
For | For | Election of Director Stephen B Burke | Issuer |
For | For | Election of Director Todd A Combs | Issuer |
For | For | Election of Director James S Crown | Issuer |
For | For | Election of Director James Dimon | Issuer |
For | For | Election of Director Timothy P. Flynn | Issuer |
For | For | Election of Director Mellody Hobson | Issuer |
For | For | Election of Director Michael A. Neal | Issuer |
For | For | Election of Director Lee R. Raymond | Issuer |
For | For | Election of Director Virginia M. Rometty | Issuer |
For | For | Advisory resolution to approve executive compensation | Issuer |
For | For | Ratification of independent registered public accounting firm | Issuer |
Against | Against | Independent board chairman | Security Holder |
Against | Against | Oil and gas company and project financing related to the Arctic and the Canadian oil sands | Security Holder |
Against | Against | Climate change risk reporting | Security Holder |
Against | Against | Amend shareholder written consent provisions | Security Holder |
Against | Against | Charitable contributions disclosure | Security Holder |
Against | Against | Gender/Racial pay equity | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
KLA Corporation | 11/5/2019 | 482480100 | KLAC |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
Abstain | For | Election of Director Edward Barnholt | Issuer |
Abstain | For | Election of Director Robert Calderoni | Issuer |
Abstain | For | Election of Director Jeneanne Hanley | Issuer |
Abstain | For | Election of Director Emiko Higashi | Issuer |
Abstain | For | Election of Director Kevin Kennedy | Issuer |
Abstain | For | Election of Director Gary Moore | Issuer |
Abstain | For | Election of Director Kiran Patel | Issuer |
Abstain | For | Election of Director Victor Peng | Issuer |
Abstain | For | Election of Director Robert Rango | Issuer |
Abstain | For | Election of Director Richard Wallace | Issuer |
Abstain | For | Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending June 30, 2020 | Issuer |
Abstain | For | Approval on a non-binding, advisory basis of the named executive officer compensation | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
Lam Research Corporation | 11/5/2019 | 512807108 | LRCX |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Director Sohail U Ahmed | Issuer |
For | For | Director Timothy M Archer | Issuer |
For | For | Director Eric K Brandt | Issuer |
For | For | Director Michael R Cannon | Issuer |
For | For | Director Youssef A El-Mansy | Issuer |
For | For | Director Catherine P Lego | Issuer |
For | For | Director Bethany J Mayer | Issuer |
For | For | Director Abhijit Y Talwalkar | Issuer |
For | For | Director Lih Shyng (Rick L) Tsai | Issuer |
For | For | Director Leslie F Varon | Issuer |
For | For | Advisory vote to approve the compensation of the named executive officers of Lam Research, or "Say on Pay." | Issuer |
For | For | Ratification of the appointment of the independent registered public accounting firm for fiscal year 2020 | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
MKS Instruments, Inc. | 5/11/2020 | 55306N104 | MKSI |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Director Joseph B Donahue | Issuer |
For | For | Director Janice K Henry | Issuer |
For | For | The approval, on an advisory basis, of executive compensation | Issuer |
For | For | The ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2020 | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
Microsoft Corporation | 12/4/2019 | 594918104 | MSFT |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director William H Gates III | Issuer |
For | For | Election of Director Reid G Hoffman | Issuer |
For | For | Election of Director Hugh F Johnston | Issuer |
For | For | Election of Director Teri L List-Stoll | Issuer |
For | For | Election of Director Satya Nadella | Issuer |
For | For | Election of Director Sandra E Peterson | Issuer |
For | For | Election of Director Penny S Pritzker | Issuer |
For | For | Election of Director Charles W Scharf | Issuer |
For | For | Election of Director Arne M Sorenson | Issuer |
For | For | Election of Director John W Stanton | Issuer |
For | For | Election of Director John W Thompson | Issuer |
For | For | Election of Director Emma Walmsley | Issuer |
For | For | Election of Director Padmasree Warrior | Issuer |
For | For | Advisor vote to approve named executive officer compensation | Issuer |
For | For | Ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2020 | Issuer |
Against | Against | Shareholder proposal report on Employee Representation on Board of Directors | Security Holder |
Against | Against | Shareholder proposal report on Gender Pay Gap | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
Palo Alto Networks, Inc. | 12/9/2019 | 697435105 | PANW |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Class II Director Asheem Chandna | Issuer |
For | For | Election of Class II Director James J Goetz | Issuer |
For | For | Election of Class II Director Mark D McLaughlin | Issuer |
For | For | To ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending July 31, 2020 | Issuer |
For | For | To approve, on an advisory basis, the compensation of the named executive officers | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
Paypal Holdings, Inc. | 5/21/2020 | 70450Y103 | PYPL |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Rodney C. Adkins | Issuer |
For | For | Election of Director Jonathan Christodoro | Issuer |
For | For | Election of Director John J Donahoe | Issuer |
For | For | Election of Director David W Dorman | Issuer |
For | For | Election of Director Belinda J Johnson | Issuer |
For | For | Election of Director Gail J McGovern | Issuer |
For | For | Election of Director Deborah M Messemer | Issuer |
For | For | Election of Director David M Moffett | Issuer |
For | For | Election of Director Ann M Sarnoff | Issuer |
For | For | Election of Director Daniel H Schulman | Issuer |
For | For | Election of Director Frank D Yeary | Issuer |
For | For | Advisory Vote to approve named executive officer compensation | Issuer |
For | For | Ratification of the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2020 | Issuer |
Against | Against | Stockholder proposal stockholder right to act by written consent | Security Holder |
Against | Against | Stockholder proposal human and indigenous peoples' rights | Security Holder |
Company Name | Meeting Date | CUSIP | Ticker |
Rakuten Inc. | 3/27/2020 | 75102W108 | RKUNY |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
Abstain | For | Partial Amendment to the Articles of Incorporation | Issuer |
Abstain | For | Director Hiroshi Mikitani | Issuer |
Abstain | For | Director Masayuki Hosaka | Issuer |
Abstain | For | Director Charles B Baxter | Issuer |
Abstain | For | Director Ken Kutaragi | Issuer |
Abstain | For | Director Sarah J.M. Whitley | Issuer |
Abstain | For | Director Takashi Mitachi | Issuer |
Abstain | For | Director Jun Murai | Issuer |
Abstain | For | Election of Audit & Supervisory Board Member: Katsuyuki Yamaguchi | Issuer |
Abstain | For | Election of Audit & Supervisory Board Member: Yoshiaki Nishikawa (New) | Issuer |
Abstain | For | Revision of Renumeration for Directors (Delivery of Stock Options) | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
Signature Bank | 4/22/2020 | 82669G104 | SBNY |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director Joseph J DePaolo | Issuer |
For | For | Election of Director Barney Frank | Issuer |
For | For | Election of Director Scott A Shay | Issuer |
For | For | To ratify the appointment of KPMG LLP, an independent registered public accounting firm, as the independent auditors for the year ending December 31, 2020 | Issuer |
For | For | Advisory vote on executive compensation | Issuer |
For | For | Approval of the Bank's share repurchase plan | Issuer |
Company Name | Meeting Date | CUSIP | Ticker |
Skyworks Solutions, Inc. | 5/6/2020 | 83088M102 | SWKS |
Vote | MRV | Proposal | Proposed by Issuer or Security Holder |
For | For | Election of Director David J Aldrich | Issuer |
For | For | Election of Director Alan S Batey | Issuer |
For | For | Election of Director Kevin L Beebe | Issuer |
For | For | Election of Director Timothy R Furey | Issuer |
For | For | Election of Director Liam K Griffin | Issuer |
For | For | Election of Director Christine King | Issuer |
For | For | Election of Director David P McGlade | Issuer |
For | For | Election of Director Robert A Schriesheim | Issuer |
For | For | Election of Director Kimberly S Stevenson | Issuer |
For | For | To ratify the selection by the Company's Audit Committee of KPMG LLP as the independent registered public accounting firm for the Company for fiscal year 2020 | Issuer |
For | For | To approve, on an advisory basis, the compensation of the Company's named executive officers, as described in the Company's Proxy Statement | Issuer |
For | For | To approve an amendment to the Company's 2002 Employee Stock Purchase Plan, as Amended | Issuer |
For | For | To approve an amendment to the Company's Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to stockholder approval of a merger or consolidation, disposition of all or substantially all of the Company's assets, or issuance of a substantial amount of the Company's securities. | Issuer |
For | For | To approve an amendment to the Company's Restated Certificate of Incorporation to eliminate the supermajority vote provisions relating to stockholder approval of a business combination with any related person. | Issuer |
For | For | To approve an amendment to the Company's Restated Certificate of Incorporation to eliminate the supermajority vote provision relating to stockholder amendment of charter provisions governing directors. | Issuer |
For | For | To approve an amendment to the Company's Restated Certificate of Incorporation to eliminate the supermajority vote provision relating to stockholder amendment of charter provision governing action by stockholders. | Issuer |
Against | Against | To approve a stockholder proposal regarding a right by stockholders to act by written consent. | Security Holder |
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.
(Registrant) North Capital Funds Trust
By (Signature and Title)* /s/ James Dowd
James Dowd, President of the Trust
Date: 08/18/2020
* Print the name and title of each signing officer under his or her signature.
By (Signature and Title)* /s/ Michael Weaver
Michael Weaver, Secretary of the Trust
Date: 08/18/2020
* Print the name and title of each signing officer under his or her signature.