Chestnut Street Exchange Fund (CHNTX) N-PX Annual report of proxy voting record

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   811-02631  

                             Chestnut Street Exchange Fund                            

(Exact name of registrant as specified in charter)

301 Bellevue Parkway

                                  Wilmington, DE 19809                                    

(Address of principal executive offices) (Zip code)

Robert Amweg

Chestnut Street Exchange Fund

301 Bellevue Parkway

                                  Wilmington, DE 19809                                    

(Name and address of agent for service)

Registrant’s telephone number, including area code:  (610) 558-1750

Date of fiscal year end:  December 31

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 (§§ 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. § 3507.

PROXY VOTING RECORD

FOR PERIOD JULY 1, 2016 TO JUNE 30, 2017

Company Name	Ticker	Primary Security ID	Meeting Date	Proposal Number	Proposal Text	Proponent	Vote Instruction	Vote Against Management
3M Company	MMM	88579Y101	09-May-17	1a	Elect Director Sondra L. Barbour	Management	For	No
				1b	Elect Director Thomas “Tony” K. Brown	Management	For	No
				1c	Elect Director Vance D. Coffman	Management	For	No
				1d	Elect Director David B. Dillon	Management	For	No
				1e	Elect Director Michael L. Eskew	Management	For	No
				1f	Elect Director Herbert L. Henkel	Management	For	No
				1g	Elect Director Muhtar Kent	Management	For	No
				1h	Elect Director Edward M. Liddy	Management	For	No
				1i	Elect Director Gregory R. Page	Management	For	No
				1j	Elect Director Inge G. Thulin	Management	For	No
				1k	Elect Director Patricia A. Woertz	Management	For	No
				2	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Adopt Holy Land Principles	Share Holder	Against	No
Abbott Laboratories	ABT	002824100	28-Apr-17	1.1	Elect Director Robert J. Alpern	Management	For	No
				1.10	Elect Director Glenn F. Tilton	Management	For	No
				1.11	Elect Director Miles D. White	Management	For	No
				1.2	Elect Director Roxanne S. Austin	Management	For	No
				1.3	Elect Director Sally E. Blount	Management	For	No
				1.4	Elect Director Edward M. Liddy	Management	For	No
				1.5	Elect Director Nancy McKinstry	Management	For	No
				1.6	Elect Director Phebe N. Novakovic	Management	For	No
				1.7	Elect Director William A. Osborn	Management	For	No
				1.8	Elect Director Samuel C. Scott, III	Management	For	No
				1.9	Elect Director Daniel J. Starks	Management	For	No
				2	Ratify Ernst & Young LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Approve Omnibus Stock Plan	Management	For	No
				6	Amend Nonqualified Employee Stock Purchase Plan	Management	For	No
				7	Require Independent Board Chairman	Share Holder	Against	No
AbbVie Inc.	ABBV	00287Y109	05-May-17	1.1	Elect Director Robert J. Alpern	Management	For	No
				1.2	Elect Director Edward M. Liddy	Management	For	No
				1.3	Elect Director Melody B. Meyer	Management	For	No
				1.4	Elect Director Frederick H. Waddell	Management	For	No
				2	Ratify Ernst & Young LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Declassify the Board of Directors	Management	For	No
				5	Report on Lobbying Payments and Policy	Share Holder	Against	No
				6	Require Independent Board Chairman	Share Holder	Against	No
Air Products and Chemicals, Inc.	APD	009158106	26-Jan-17	1a	Elect Director Susan K. Carter	Management	For	No
				1b	Elect Director Charles I. Cogut	Management	For	No
				1c	Elect Director Seifollah (Seifi) Ghasemi	Management	For	No
				1d	Elect Director Chadwick C. Deaton	Management	For	No
				1e	Elect Director David H. Y. Ho	Management	For	No
				1f	Elect Director Margaret G. McGlynn	Management	For	No
				1g	Elect Director Edward L. Monser	Management	For	No
				1h	Elect Director Matthew H. Paull	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Ratify KPMG LLP as Auditors	Management	For	No
Alexion Pharmaceuticals, Inc.	ALXN	015351109	10-May-17	1.1	Elect Director Felix J. Baker	Management	For	No
				1.10	Elect Director Ann M. Veneman	Management	For	No
				1.2	Elect Director David R. Brennan	Management	For	No
				1.3	Elect Director M. Michele Burns	Management	Against	Yes
				1.4	Elect Director Christopher J. Coughlin	Management	For	No
				1.5	Elect Director Ludwig N. Hantson	Management	For	No
				1.6	Elect Director John T. Mollen	Management	For	No
				1.7	Elect Director R. Douglas Norby	Management	For	No
				1.8	Elect Director Alvin S. Parven	Management	For	No
				1.9	Elect Director Andreas Rummelt	Management	For	No
				2	Approve Omnibus Stock Plan	Management	For	No
				3	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				4	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				5	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				6	Provide For Confidential Running Vote Tallies On Executive Pay Matters	Share Holder	Against	No
Alphabet Inc.	GOOGL	02079K305	07-Jun-17	1.1	Elect Director Larry Page	Management	For	No
				1.10	Elect Director Paul S. Otellini	Management	For	No
				1.11	Elect Director K. Ram Shriram	Management	For	No
				1.12	Elect Director Shirley M. Tilghman	Management	For	No
				1.2	Elect Director Sergey Brin	Management	For	No
				1.3	Elect Director Eric E. Schmidt	Management	For	No
				1.4	Elect Director L. John Doerr	Management	For	No
				1.5	Elect Director Roger W. Ferguson, Jr.	Management	For	No
				1.6	Elect Director Diane B. Greene	Management	For	No
				1.7	Elect Director John L. Hennessy	Management	For	No
				1.8	Elect Director Ann Mather	Management	Withhold	Yes
				1.9	Elect Director Alan R. Mulally	Management	For	No
				10	Report on Charitable Contributions	Share Holder	Against	No
				11	Adopt Holy Land Principles	Share Holder	Against	No
				12	Report on Fake News	Share Holder	Against	No
				2	Ratify Ernst & Young LLP as Auditors	Management	For	No
				3	Amend Omnibus Stock Plan	Management	For	No
				4	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	Against	Yes
				5	Advisory Vote on Say on Pay Frequency	Management	Three Years	No
				6	Approve Recapitalization Plan for all Stock to Have One-vote per Share	Share Holder	For	Yes
				7	Report on Lobbying Payments and Policy	Share Holder	Against	No
				8	Report on Political Contributions	Share Holder	Against	No
				9	Report on Gender Pay Gap	Share Holder	Against	No

Altria Group, Inc.	MO	02209S103	18-May-17	1.1	Elect Director Gerald L. Baliles	Management	For	No
				1.10	Elect Director Nabil Y. Sakkab	Management	For	No
				1.11	Elect Director Virginia E. Shanks	Management	For	No
				1.2	Elect Director Martin J. Barrington	Management	For	No
				1.3	Elect Director John T. Casteen, III	Management	For	No
				1.4	Elect Director Dinyar S. Devitre	Management	For	No
				1.5	Elect Director Thomas F. Farrell, II	Management	For	No
				1.6	Elect Director Debra J. Kelly-Ennis	Management	For	No
				1.7	Elect Director W. Leo Kiely, III	Management	For	No
				1.8	Elect Director Kathryn B. McQuade	Management	For	No
				1.9	Elect Director George Munoz	Management	For	No
				2	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Cease Tobacco-Related Advertising	Share Holder	Against	No
American Express Company	AXP	025816109	01-May-17	1a	Elect Director Charlene Barshefsky	Management	For	No
				1b	Elect Director John J. Brennan	Management	For	No
				1c	Elect Director Ursula M. Burns	Management	For	No
				1d	Elect Director Kenneth I. Chenault	Management	For	No
				1e	Elect Director Peter Chernin	Management	For	No
				1f	Elect Director Ralph de la Vega	Management	For	No
				1g	Elect Director Anne L. Lauvergeon	Management	For	No
				1h	Elect Director Michael O. Leavitt	Management	For	No
				1i	Elect Director Theodore J. Leonsis	Management	For	No
				1j	Elect Director Richard C. Levin	Management	For	No
				1k	Elect Director Samuel J. Palmisano	Management	For	No
				1l	Elect Director Daniel L. Vasella	Management	For	No
				1m	Elect Director Robert D. Walter	Management	For	No
				1n	Elect Director Ronald A. Williams	Management	For	No
				2	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Provide Right to Act by Written Consent	Share Holder	Against	No
				6	Report on Gender Pay Gap	Share Holder	Against	No
Ameriprise Financial, Inc.	AMP	03076C106	26-Apr-17	1a	Elect Director James M. Cracchiolo	Management	For	No
				1b	Elect Director Dianne Neal Blixt	Management	For	No
				1c	Elect Director Amy DiGeso	Management	For	No
				1d	Elect Director Lon R. Greenberg	Management	For	No
				1e	Elect Director Siri S. Marshall	Management	For	No
				1f	Elect Director Jeffrey Noddle	Management	For	No
				1g	Elect Director H. Jay Sarles	Management	For	No
				1h	Elect Director Robert F. Sharpe, Jr.	Management	For	No
				1i	Elect Director Christopher J. Williams	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
Apple Inc.	AAPL	037833100	28-Feb-17	1.1	Elect Director James Bell	Management	For	No
				1.2	Elect Director Tim Cook	Management	For	No
				1.3	Elect Director Al Gore	Management	For	No
				1.4	Elect Director Bob Iger	Management	For	No
				1.5	Elect Director Andrea Jung	Management	For	No
				1.6	Elect Director Art Levinson	Management	For	No
				1.7	Elect Director Ron Sugar	Management	For	No
				1.8	Elect Director Sue Wagner	Management	For	No
				2	Ratify Ernst & Young LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Disclose Charitable Contributions	Share Holder	Against	No
				6	Adopt Policy to Increase Diversity of Senior Management and Board of Directors	Share Holder	Against	No
				7	Proxy Access Amendments	Share Holder	Against	No
				8	Engage Outside Independent Experts for Compensation Reforms	Share Holder	Against	No
				9	Adopt Share Retention Policy For Senior Executives	Share Holder	Against	No

Bank of America Corporation	BAC	060505104	26-Apr-17	1a	Elect Director Sharon L. Allen	Management	For	No
				1b	Elect Director Susan S. Bies	Management	For	No
				1c	Elect Director Jack O. Bovender, Jr.	Management	For	No
				1d	Elect Director Frank P. Bramble, Sr.	Management	For	No
				1e	Elect Director Pierre J.P. de Weck	Management	For	No
				1f	Elect Director Arnold W. Donald	Management	For	No
				1g	Elect Director Linda P. Hudson	Management	For	No
				1h	Elect Director Monica C. Lozano	Management	For	No
				1i	Elect Director Thomas J. May	Management	For	No
				1j	Elect Director Brian T. Moynihan	Management	For	No
				1k	Elect Director Lionel L. Nowell, III	Management	For	No
				1l	Elect Director Michael D. White	Management	For	No
				1m	Elect Director Thomas D. Woods	Management	For	No
				1n	Elect Director R. David Yost	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				5	Amend the General Clawback Policy	Share Holder	Against	No
				6	Non-core banking operations	Share Holder	Against	No
				7	Require Independent Board Chairman	Share Holder	Against	No
				8	Report on Gender Pay Gap	Share Holder	Against	No
Cabot Corporation	CBT	127055101	09-Mar-17	1.1	Elect Director Juan Enriquez	Management	For	No
				1.2	Elect Director William C. Kirby	Management	For	No
				1.3	Elect Director Patrick M. Prevost	Management	For	No
				1.4	Elect Director Sean D. Keohane	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Approve Omnibus Stock Plan	Management	For	No
				5	Ratify Deloitte & Touche LLP as Auditors	Management	For	No
Check Point Software Technologies Ltd.	CHKP	M22465104	07-Jun-17	1.1	Reelect Gil Shwed as Director Until the End of the Next Annual General Meeting	Management	For	No
				1.2	Reelect Marius Nacht as Director Until the End of the Next Annual General Meeting	Management	For	No
				1.3	Reelect Jerry Ungerman as Director Until the End of the Next Annual General Meeting	Management	For	No
				1.4	Reelect Dan Propper as Director Until the End of the Next Annual General Meeting	Management	For	No
				1.5	Reelect David Rubner as Director Until the End of the Next Annual General Meeting	Management	For	No
				1.6	Reelect Tal Shavit as Director Until the End of the Next Annual General Meeting	Management	For	No
				2.1	Reelect Irwin Federman as External Director for a Three-Year Period	Management	For	No
				2.2	Reelect Ray Rothrock as External Director for a Three-Year Period	Management	For	No
				3	Reappoint Kost, Forer, Gabbay & Kasierer as Auditors and Authorize Board to Fix Their Remuneration	Management	For	No
				4	Approve Employment Terms of Gil Shwed, CEO	Management	Against	Yes
				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	Management	Against	No
Cisco Systems, Inc.	CSCO	17275R102	12-Dec-16	1a	Elect Director Carol A. Bartz	Management	For	No
				1b	Elect Director M. Michele Burns	Management	Against	Yes
				1c	Elect Director Michael D. Capellas	Management	For	No
				1d	Elect Director John T. Chambers	Management	For	No
				1e	Elect Director Amy L. Chang	Management	For	No
				1f	Elect Director John L. Hennessy	Management	For	No
				1g	Elect Director Kristina M. Johnson	Management	For	No
				1h	Elect Director Roderick C. McGeary	Management	For	No
				1i	Elect Director Charles H. Robbins	Management	For	No
				1j	Elect Director Arun Sarin	Management	For	No
				1k	Elect Director Steven M. West	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				4	Report on Lobbying Payments and Policy	Share Holder	Against	No
				5	Report on Arab and non-Arab Employees using EEO-1 Categories	Share Holder	Against	No
				6	Establish Board Committee on Operations in Israeli Settlements	Share Holder	Against	No
Comcast Corporation	CMCSA	20030N101	08-Jun-17	1.1	Elect Director Kenneth J. Bacon	Management	For	No
				1.10	Elect Director Johnathan A. Rodgers	Management	For	No
				1.2	Elect Director Madeline S. Bell	Management	For	No
				1.3	Elect Director Sheldon M. Bonovitz	Management	For	No
				1.4	Elect Director Edward D. Breen	Management	For	No
				1.5	Elect Director Gerald L. Hassell	Management	For	No
				1.6	Elect Director Jeffrey A. Honickman	Management	For	No
				1.7	Elect Director Asuka Nakahara	Management	For	No
				1.8	Elect Director David C. Novak	Management	For	No
				1.9	Elect Director Brian L. Roberts	Management	For	No
				2	Ratify Deloitte & Touche LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Report on Lobbying Payments and Policy	Share Holder	Against	No
				6	Approve Recapitalization Plan for all Stock to Have One-vote per Share	Share Holder	For	Yes
Emerson Electric Co.	EMR	291011104	07-Feb-17	1.1	Elect Director D.N. Farr	Management	For	No
				1.2	Elect Director W.R. Johnson	Management	For	No
				1.3	Elect Director M.S. Levatich	Management	For	No
				1.4	Elect Director J.W. Prueher	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Ratify KPMG LLP as Auditors	Management	For	No
				5	Require Independent Board Chairman	Share Holder	Against	No
				6	Report on Political Contributions	Share Holder	Against	No
				7	Report on Lobbying Payments and Policy	Share Holder	Against	No
				8	Adopt Quantitative Company-wide GHG Goals	Share Holder	Against	No

Exxon Mobil Corporation	XOM	30231G102	31-May-17	1.1	Elect Director Susan K. Avery	Management	For	No
				1.10	Elect Director William C. Weldon	Management	For	No
				1.11	Elect Director Darren W. Woods	Management	For	No
				1.2	Elect Director Michael J. Boskin	Management	For	No
				1.3	Elect Director Angela F. Braly	Management	For	No
				1.4	Elect Director Ursula M. Burns	Management	For	No
				1.5	Elect Director Henrietta H. Fore	Management	For	No
				1.6	Elect Director Kenneth C. Frazier	Management	Withhold	Yes
				1.7	Elect Director Douglas R. Oberhelman	Management	For	No
				1.8	Elect Director Samuel J. Palmisano	Management	For	No
				1.9	Elect Director Steven S. Reinemund	Management	Withhold	Yes
				10	Report on Lobbying Payments and Policy	Share Holder	Against	No
				11	Increase Return of Capital to Shareholders in Light of Climate Change Risks	Share Holder	Against	No
				12	Report on Climate Change Policies	Share Holder	For	Yes
				13	Report on Methane Emissions	Share Holder	Against	No
				2	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Require Independent Board Chairman	Share Holder	Against	No
				6	Require a Majority Vote for the Election of Directors	Share Holder	Against	No
				7	Amend Bylaws -- Call Special Meetings	Share Holder	Against	No
				8	Amend Bylaws to Prohibit Precatory Proposals	Share Holder	Against	No
				9	Disclose Percentage of Females at Each Percentile of Compensation	Share Holder	Against	No
General Electric Company	GE	369604103	26-Apr-17	1	Elect Director Sebastien M. Bazin	Management	For	No
				10	Elect Director Robert W. Lane	Management	For	No
				11	Elect Director Risa Lavizzo-Mourey	Management	For	No
				12	Elect Director Rochelle B. Lazarus	Management	For	No
				13	Elect Director Lowell C. McAdam	Management	For	No
				14	Elect Director Steven M. Mollenkopf	Management	For	No
				15	Elect Director James J. Mulva	Management	For	No
				16	Elect Director James E. Rohr	Management	For	No
				17	Elect Director Mary L. Schapiro	Management	For	No
				18	Elect Director James S. Tisch	Management	For	No
				19	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				2	Elect Director W. Geoffrey Beattie	Management	For	No
				20	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				21	Amend Omnibus Stock Plan	Management	For	No
				22	Approve Material Terms of Senior Officer Performance Goals	Management	For	No
				23	Ratify KPMG LLP as Auditors	Management	For	No
				24	Report on Lobbying Payments and Policy	Share Holder	Against	No
				25	Require Independent Board Chairman	Share Holder	Against	No
				26	Restore or Provide for Cumulative Voting	Share Holder	Against	No
				27	Report on Charitable Contributions	Share Holder	Against	No
				3	Elect Director John J. Brennan	Management	For	No
				4	Elect Director Francisco D’Souza	Management	For	No
				5	Elect Director Marijn E. Dekkers	Management	For	No
				6	Elect Director Peter B. Henry	Management	For	No
				7	Elect Director Susan J. Hockfield	Management	For	No
				8	Elect Director Jeffrey R. Immelt	Management	For	No
				9	Elect Director Andrea Jung	Management	For	No
Intel Corporation	INTC	458140100	18-May-17	1a	Elect Director Charlene Barshefsky	Management	For	No
				1b	Elect Director Aneel Bhusri	Management	For	No
				1c	Elect Director Andy D. Bryant	Management	For	No
				1d	Elect Director Reed E. Hundt	Management	For	No
				1e	Elect Director Omar Ishrak	Management	For	No
				1f	Elect Director Brian M. Krzanich	Management	For	No
				1g	Elect Director Tsu-Jae King Liu	Management	For	No
				1h	Elect Director David S. Pottruck	Management	For	No
				1i	Elect Director Gregory D. Smith	Management	For	No
				1j	Elect Director Frank D. Yeary	Management	For	No
				1k	Elect Director David B. Yoffie	Management	For	No
				2	Ratify Ernst & Young LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Amend Omnibus Stock Plan	Management	For	No
				5	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				6	Political Contributions Disclosure	Share Holder	Against	No
				7	Provide Vote Counting to Exclude Abstentions	Share Holder	Against	No
Johnson & Johnson	JNJ	478160104	27-Apr-17	1a	Elect Director Mary C. Beckerle	Management	For	No
				1b	Elect Director D. Scott Davis	Management	For	No
				1c	Elect Director Ian E. L. Davis	Management	For	No
				1d	Elect Director Alex Gorsky	Management	For	No
				1e	Elect Director Mark B. McClellan	Management	For	No
				1f	Elect Director Anne M. Mulcahy	Management	For	No
				1g	Elect Director William D. Perez	Management	For	No
				1h	Elect Director Charles Prince	Management	For	No
				1i	Elect Director A. Eugene Washington	Management	For	No
				1j	Elect Director Ronald A. Williams	Management	For	No
				2	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Amend Omnibus Stock Plan	Management	For	No
				5	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				6	Require Independent Board Chairman	Share Holder	Against	No

JPMorgan Chase & Co.	JPM	46625H100	16-May-17	10	Reduce Ownership Threshold for Shareholders to Call a Special Meeting	Share Holder	Against	No
				1a	Elect Director Linda B. Bammann	Management	For	No
				1b	Elect Director James A. Bell	Management	For	No
				1c	Elect Director Crandall C. Bowles	Management	For	No
				1d	Elect Director Stephen B. Burke	Management	For	No
				1e	Elect Director Todd A. Combs	Management	For	No
				1f	Elect Director James S. Crown	Management	For	No
				1g	Elect Director James Dimon	Management	For	No
				1h	Elect Director Timothy P. Flynn	Management	For	No
				1i	Elect Director Laban P. Jackson, Jr.	Management	For	No
				1j	Elect Director Michael A. Neal	Management	For	No
				1k	Elect Director Lee R. Raymond	Management	For	No
				1l	Elect Director William C. Weldon	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	One Year	No
				5	Require Independent Board Chairman	Share Holder	Against	No
				6	Prohibit Accelerated Vesting of Awards to Pursue Government Service	Share Holder	Against	No
				7	Clawback Amendment	Share Holder	Against	No
				8	Report on Gender Pay Gap	Share Holder	Against	No
				9	Provide Vote Counting to Exclude Abstentions	Share Holder	Against	No
Kohl’s Corporation	KSS	500255104	10-May-17	1a	Elect Director Peter Boneparth	Management	For	No
				1b	Elect Director Steven A. Burd	Management	For	No
				1c	Elect Director Kevin Mansell	Management	For	No
				1d	Elect Director Jonas Prising	Management	For	No
				1e	Elect Director John E. Schlifske	Management	For	No
				1f	Elect Director Adrianne Shapira	Management	For	No
				1g	Elect Director Frank V. Sica	Management	For	No
				1h	Elect Director Stephanie A. Streeter	Management	For	No
				1i	Elect Director Nina G. Vaca	Management	For	No
				1j	Elect Director Stephen E. Watson	Management	For	No
				2	Ratify Ernst & Young LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Approve Omnibus Stock Plan	Management	For	No
				6	Require Independent Board Chairman	Share Holder	Against	No
Merck & Co., Inc.	MRK	58933Y105	23-May-17	1a	Elect Director Leslie A. Brun	Management	For	No
				1b	Elect Director Thomas R. Cech	Management	For	No
				1c	Elect Director Pamela J. Craig	Management	For	No
				1d	Elect Director Kenneth C. Frazier	Management	For	No
				1e	Elect Director Thomas H. Glocer	Management	For	No
				1f	Elect Director Rochelle B. Lazarus	Management	For	No
				1g	Elect Director John H. Noseworthy	Management	For	No
				1h	Elect Director Carlos E. Represas	Management	For	No
				1i	Elect Director Paul B. Rothman	Management	For	No
				1j	Elect Director Patricia F. Russo	Management	Against	Yes
				1k	Elect Director Craig B. Thompson	Management	For	No
				1l	Elect Director Wendell P. Weeks	Management	For	No
				1m	Elect Director Peter C. Wendell	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				5	Require Independent Board Chairman	Share Holder	Against	No
				6	Adopt Holy Land Principles	Share Holder	Against	No
				7	Report on Risks of Doing Business in Conflict-Affected Areas	Share Holder	Against	No
				8	Report on Board Oversight of Product Safety and Quality	Share Holder	Against	No
Microsoft Corporation	MSFT	594918104	30-Nov-16	1.1	Elect Director William H. Gates, lll	Management	For	No
				1.10	Elect Director John W. Thompson	Management	For	No
				1.11	Elect Director Padmasree Warrior	Management	For	No
				1.2	Elect Director Teri L. List-Stoll	Management	For	No
				1.3	Elect Director G. Mason Morfit	Management	For	No
				1.4	Elect Director Satya Nadella	Management	For	No
				1.5	Elect Director Charles H. Noski	Management	For	No
				1.6	Elect Director Helmut Panke	Management	For	No
				1.7	Elect Director Sandra E. Peterson	Management	For	No
				1.8	Elect Director Charles W. Scharf	Management	For	No
				1.9	Elect Director John W. Stanton	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Ratify Deloitte & Touche LLP as Auditors	Management	For	No
				4	Amend Right to Call Special Meeting	Management	For	No
				5	Amend Omnibus Stock Plan	Management	For	No
				6	Proxy Access	Share Holder	Against	No

Mondelez International, Inc.	MDLZ	609207105	17-May-17	1a	Elect Director Lewis W.K. Booth	Management	For	No
				1b	Elect Director Charles E. Bunch	Management	For	No
				1c	Elect Director Lois D. Juliber	Management	For	No
				1d	Elect Director Mark D. Ketchum	Management	For	No
				1e	Elect Director Jorge S. Mesquita	Management	For	No
				1f	Elect Director Joseph Neubauer	Management	For	No
				1g	Elect Director Nelson Peltz	Management	For	No
				1h	Elect Director Fredric G. Reynolds	Management	For	No
				1i	Elect Director Irene B. Rosenfeld	Management	For	No
				1j	Elect Director Christiana S. Shi	Management	For	No
				1k	Elect Director Patrick T. Siewert	Management	For	No
				1l	Elect Director Ruth J. Simmons	Management	For	No
				1m	Elect Director Jean-Francois M. L. van Boxmeer	Management	For	No
				2	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Assess Environmental Impact of Non-Recyclable Packaging	Share Holder	Against	No
				6	Create a Committee to Prepare a Report Regarding the Impact of Plant Closures on Communities and Alternatives	Share Holder	Against	No
Moody’s Corporation	MCO	615369105	25-Apr-17	1.1	Elect Director Basil L. Anderson	Management	For	No
				1.2	Elect Director Jorge A. Bermudez	Management	For	No
				1.3	Elect Director Darrell Duffie	Management	For	No
				1.4	Elect Director Kathryn M. Hill	Management	For	No
				1.5	Elect Director Ewald Kist	Management	For	No
				1.6	Elect Director Raymond W. McDaniel, Jr.	Management	For	No
				1.7	Elect Director Henry A. McKinnell, Jr.	Management	For	No
				1.8	Elect Director Leslie F. Seidman	Management	For	No
				1.9	Elect Director Bruce Van Saun	Management	For	No
				2	Ratify KPMG LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
Oracle Corporation	ORCL	68389X105	16-Nov-16	1.1	Elect Director Jeffrey S. Berg	Management	For	No
				1.10	Elect Director Mark V. Hurd	Management	For	No
				1.11	Elect Director Renee J. James	Management	For	No
				1.12	Elect Director Leon E. Panetta	Management	For	No
				1.13	Elect Director Naomi O. Seligman	Management	Withhold	Yes
				1.2	Elect Director H. Raymond Bingham	Management	For	No
				1.3	Elect Director Michael J. Boskin	Management	For	No
				1.4	Elect Director Safra A. Catz	Management	For	No
				1.5	Elect Director Bruce R. Chizen	Management	For	No
				1.6	Elect Director George H. Conrades	Management	Withhold	Yes
				1.7	Elect Director Lawrence J. Ellison	Management	For	No
				1.8	Elect Director Hector Garcia-Molina	Management	For	No
				1.9	Elect Director Jeffrey O. Henley	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	Against	Yes
				3	Ratify Ernst & Young LLP as Auditors	Management	For	No
				4	Report on Lobbying Payments and Policy	Share Holder	Against	No
Pepsico, Inc.	PEP	713448108	03-May-17	1a	Elect Director Shona L. Brown	Management	For	No
				1b	Elect Director George W. Buckley	Management	For	No
				1c	Elect Director Cesar Conde	Management	For	No
				1d	Elect Director Ian M. Cook	Management	For	No
				1e	Elect Director Dina Dublon	Management	For	No
				1f	Elect Director Rona A. Fairhead	Management	For	No
				1g	Elect Director Richard W. Fisher	Management	For	No
				1h	Elect Director William R. Johnson	Management	For	No
				1i	Elect Director Indra K. Nooyi	Management	For	No
				1j	Elect Director David C. Page	Management	For	No
				1k	Elect Director Robert C. Pohlad	Management	For	No
				1l	Elect Director Daniel Vasella	Management	For	No
				1m	Elect Director Darren Walker	Management	For	No
				1n	Elect Director Alberto Weisser	Management	For	No
				2	Ratify KPMG LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Report on Plans to Minimize Pesticides’ Impact on Pollinators	Share Holder	Against	No
				6	Adopt Holy Land Principles	Share Holder	Against	No
Philip Morris International Inc.	PM	718172109	03-May-17	1.1	Elect Director Harold Brown	Management	For	No
				1.10	Elect Director Lucio A. Noto	Management	For	No
				1.11	Elect Director Frederik Paulsen	Management	For	No
				1.12	Elect Director Robert B. Polet	Management	For	No
				1.13	Elect Director Stephen M. Wolf	Management	For	No
				1.2	Elect Director Andre Calantzopoulos	Management	For	No
				1.3	Elect Director Louis C. Camilleri	Management	For	No
				1.4	Elect Director Massimo Ferragamo	Management	For	No
				1.5	Elect Director Werner Geissler	Management	For	No
				1.6	Elect Director Jennifer Li	Management	For	No
				1.7	Elect Director Jun Makihara	Management	For	No
				1.8	Elect Director Sergio Marchionne	Management	For	No
				1.9	Elect Director Kalpana Morparia	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Approve Restricted Stock Plan	Management	For	No
				5	Approve Non-Employee Director Restricted Stock Plan	Management	For	No
				6	Ratify PricewaterhouseCoopers SA as Auditors	Management	For	No
				7	Establish a Board Committee on Human Rights	Share Holder	Against	No
				8	Participate in OECD Mediation for Human Rights Violations	Share Holder	Against	No

Schlumberger Limited	SLB	806857108	05-Apr-17	1a	Elect Director Peter L.S. Currie	Management	For	No
				1b	Elect Director Miguel M. Galuccio	Management	For	No
				1c	Elect Director V. Maureen Kempston Darkes	Management	Against	Yes
				1d	Elect Director Paal Kibsgaard	Management	For	No
				1e	Elect Director Nikolay Kudryavtsev	Management	For	No
				1f	Elect Director Helge Lund	Management	For	No
				1g	Elect Director Michael E. Marks	Management	For	No
				1h	Elect Director Indra K. Nooyi	Management	For	No
				1i	Elect Director Lubna S. Olayan	Management	For	No
				1j	Elect Director Leo Rafael Reif	Management	For	No
				1k	Elect Director Tore I. Sandvold	Management	For	No
				1l	Elect Director Henri Seydoux	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Adopt and Approve Financials and Dividends	Management	For	No
				5	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				6	Approve Omnibus Stock Plan	Management	For	No
				7	Amend Employee Stock Purchase Plan	Management	For	No
Shire plc	SHP	G8124V108	25-Apr-17	1	Accept Financial Statements and Statutory Reports	Management	For	No
				10	Re-elect Susan Kilsby as Director	Management	For	No
				11	Re-elect Sara Mathew as Director	Management	For	No
				12	Re-elect Anne Minto as Director	Management	For	No
				13	Re-elect Flemming Ornskov as Director	Management	For	No
				14	Re-elect Jeffrey Poulton as Director	Management	For	No
				15	Elect Albert Stroucken as Director	Management	For	No
				16	Reappoint Deloitte LLP as Auditors	Management	For	No
				17	Authorise the Audit, Compliance & Risk Committee to Fix Remuneration of Auditors	Management	For	No
				18	Authorise Issue of Equity with Pre-emptive Rights	Management	For	No
				19	Authorise Issue of Equity without Pre-emptive Rights	Management	For	No
				2	Approve Remuneration Report	Management	For	No
				20	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	Management	For	No
				21	Authorise Market Purchase of Ordinary Shares	Management	For	No
				22	Adopt New Articles of Association	Management	For	No
				23	Authorise the Company to Call General Meeting with Two Weeks’ Notice	Management	For	No
				3	Re-elect Dominic Blakemore as Director	Management	For	No
				4	Re-elect Olivier Bohuon as Director	Management	For	No
				5	Re-elect William Burns as Director	Management	For	No
				6	Elect Ian Clark as Director	Management	For	No
				7	Elect Gail Fosler as Director	Management	For	No
				8	Re-elect Steven Gillis as Director	Management	For	No
				9	Re-elect David Ginsburg as Director	Management	For	No
The Home Depot, Inc.	HD	437076102	18-May-17	1a	Elect Director Gerard J. Arpey	Management	For	No
				1b	Elect Director Ari Bousbib	Management	For	No
				1c	Elect Director Jeffery H. Boyd	Management	For	No
				1d	Elect Director Gregory D. Brenneman	Management	For	No
				1e	Elect Director J. Frank Brown	Management	For	No
				1f	Elect Director Albert P. Carey	Management	For	No
				1g	Elect Director Armando Codina	Management	For	No
				1h	Elect Director Helena B. Foulkes	Management	For	No
				1i	Elect Director Linda R. Gooden	Management	For	No
				1j	Elect Director Wayne M. Hewett	Management	For	No
				1k	Elect Director Karen L. Katen	Management	For	No
				1l	Elect Director Craig A. Menear	Management	For	No
				1m	Elect Director Mark Vadon	Management	For	No
				2	Ratify KPMG LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Prepare Employment Diversity Report and Report on Diversity Policies	Share Holder	Against	No
				6	Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote	Share Holder	Against	No
				7	Amend Articles/Bylaws/Charter - Call Special Meetings	Share Holder	Against	No
The Kraft Heinz Company	KHC	500754106	19-Apr-17	1a	Elect Director Gregory E. Abel	Management	For	No
				1b	Elect Director Alexandre Behring	Management	For	No
				1c	Elect Director Warren E. Buffett	Management	For	No
				1d	Elect Director John T. Cahill	Management	For	No
				1e	Elect Director Tracy Britt Cool	Management	For	No
				1f	Elect Director Feroz Dewan	Management	For	No
				1g	Elect Director Jeanne P. Jackson	Management	For	No
				1h	Elect Director Jorge Paulo Lemann	Management	For	No
				1i	Elect Director Mackey J. McDonald	Management	For	No
				1j	Elect Director John C. Pope	Management	For	No
				1k	Elect Director Marcel Herrmann Telles	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				4	Report on Sustainability	Share Holder	Against	No
				5	Assess Environmental Impact of Non-Recyclable Packaging	Share Holder	Against	No
				6	Report on Supply Chain Impact on Deforestation	Share Holder	Against	No

The Procter & Gamble Company	PG	742718109	11-Oct-16	1a	Elect Director Francis S. Blake	Management	For	No
				1b	Elect Director Angela F. Braly	Management	For	No
				1c	Elect Director Kenneth I. Chenault	Management	For	No
				1d	Elect Director Scott D. Cook	Management	For	No
				1e	Elect Director Terry J. Lundgren	Management	For	No
				1f	Elect Director W. James McNerney, Jr.	Management	For	No
				1g	Elect Director David S. Taylor	Management	For	No
				1h	Elect Director Margaret C. Whitman	Management	For	No
				1i	Elect Director Patricia A. Woertz	Management	For	No
				1j	Elect Director Ernesto Zedillo	Management	For	No
				2	Ratify Deloitte & Touche LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Report on Consistency Between Corporate Values and Political Activities	Share Holder	Against	No
				5	Report on Application of Company Non-Discrimination Policies in States with Pro-Discrimination Laws	Share Holder	Against	No
The Walt Disney Company	DIS	254687106	08-Mar-17	1a	Elect Director Susan E. Arnold	Management	For	No
				1b	Elect Director John S. Chen	Management	For	No
				1c	Elect Director Jack Dorsey	Management	For	No
				1d	Elect Director Robert A. Iger	Management	For	No
				1e	Elect Director Maria Elena Lagomasino	Management	For	No
				1f	Elect Director Fred H. Langhammer	Management	For	No
				1g	Elect Director Aylwin B. Lewis	Management	For	No
				1h	Elect Director Robert W. Matschullat	Management	For	No
				1i	Elect Director Mark G. Parker	Management	For	No
				1j	Elect Director Sheryl K. Sandberg	Management	For	No
				1k	Elect Director Orin C. Smith	Management	For	No
				2	Ratify PricewaterhouseCoopers LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Report on Lobbying Payments and Policy	Share Holder	Against	No
				6	Proxy Access Bylaw Amendment	Share Holder	Against	No
Union Pacific Corporation	UNP	907818108	11-May-17	1a	Elect Director Andrew H. Card, Jr.	Management	For	No
				1b	Elect Director Erroll B. Davis, Jr.	Management	For	No
				1c	Elect Director David B. Dillon	Management	For	No
				1d	Elect Director Lance M. Fritz	Management	For	No
				1e	Elect Director Deborah C. Hopkins	Management	For	No
				1f	Elect Director Jane H. Lute	Management	For	No
				1g	Elect Director Michael R. McCarthy	Management	For	No
				1h	Elect Director Michael W. McConnell	Management	For	No
				1i	Elect Director Thomas F. McLarty, III	Management	For	No
				1j	Elect Director Steven R. Rogel	Management	For	No
				1k	Elect Director Jose H. Villarreal	Management	For	No
				2	Ratify Deloitte & Touche LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Require Independent Board Chairman	Share Holder	Against	No
Verizon Communications Inc.	VZ	92343V104	04-May-17	1.1	Elect Director Shellye L. Archambeau	Management	For	No
				1.10	Elect Director Kathryn A. Tesija	Management	For	No
				1.11	Elect Director Gregory D. Wasson	Management	For	No
				1.12	Elect Director Gregory G. Weaver	Management	For	No
				1.2	Elect Director Mark T. Bertolini	Management	For	No
				1.3	Elect Director Richard L. Carrion	Management	For	No
				1.4	Elect Director Melanie L. Healey	Management	For	No
				1.5	Elect Director M. Frances Keeth	Management	For	No
				1.6	Elect Director Karl-Ludwig Kley	Management	For	No
				1.7	Elect Director Lowell C. McAdam	Management	For	No
				1.8	Elect Director Clarence Otis, Jr.	Management	For	No
				1.9	Elect Director Rodney E. Slater	Management	For	No
				10	Stock Retention/Holding Period	Share Holder	Against	No
				11	Limit Matching Contributions to Executive Retirement Plans	Share Holder	Against	No
				2	Ratify Ernst & Young LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				5	Approve Omnibus Stock Plan	Management	For	No
				6	Establish Board Committee on Human Rights	Share Holder	Against	No
				7	Report on Feasibility of Adopting GHG Emissions Targets	Share Holder	Against	No
				8	Amend Bylaws - Call Special Meetings	Share Holder	Against	No
				9	Amend Clawback Policy	Share Holder	Against	No
Versum Materials, Inc.	VSM	92532W103	21-Mar-17	1.1	Elect Director Seifi Ghasemi	Management	For	No
				1.2	Elect Director Guillermo Novo	Management	For	No
				1.3	Elect Director Jacques Croisetiere	Management	For	No
				1.4	Elect Director Yi Hyon Paik	Management	For	No
				1.5	Elect Director Thomas J. Riordan	Management	For	No
				1.6	Elect Director Susan C. Schnabel	Management	For	No
				1.7	Elect Director Alejandro D. Wolff	Management	For	No
				2	Ratify KPMG LLP as Auditors	Management	For	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				4	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
Wal-Mart Stores, Inc.	WMT	931142103	02-Jun-17	1a	Elect Director James I. Cash, Jr.	Management	For	No
				1b	Elect Director Timothy P. Flynn	Management	For	No
				1c	Elect Director Carla A. Harris	Management	For	No
				1d	Elect Director Thomas W. Horton	Management	For	No
				1e	Elect Director Marissa A. Mayer	Management	Against	Yes
				1f	Elect Director C. Douglas McMillon	Management	For	No
				1g	Elect Director Gregory B. Penner	Management	For	No
				1h	Elect Director Steven S Reinemund	Management	Against	Yes
				1i	Elect Director Kevin Y. Systrom	Management	Against	Yes
				1j	Elect Director S. Robson Walton	Management	Against	Yes
				1k	Elect Director Steuart L. Walton	Management	For	No
				2	Advisory Vote on Say on Pay Frequency	Management	One Year	No
				3	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	Against	Yes
				4	Ratify Ernst & Young LLP as Auditors	Management	For	No
				5	Require Independent Board Chairman	Share Holder	For	Yes
				6	Provide Proxy Access Right	Share Holder	For	Yes
				7	Require Independent Director Nominee with Environmental Experience	Share Holder	Against	No

Wells Fargo & Company	WFC	949746101	25-Apr-17	10	Adopt Global Policy Regarding the Rights of Indigenous People	Share Holder	Against	No
				1a	Elect Director John D. Baker, II	Management	For	No
				1b	Elect Director John S. Chen	Management	For	No
				1c	Elect Director Lloyd H. Dean	Management	Against	Yes
				1d	Elect Director Elizabeth A. Duke	Management	Against	Yes
				1e	Elect Director Enrique Hernandez, Jr.	Management	Against	Yes
				1f	Elect Director Donald M. James	Management	For	No
				1g	Elect Director Cynthia H. Milligan	Management	Against	Yes
				1h	Elect Director Karen B. Peetz	Management	For	No
				1i	Elect Director Federico F. Peña	Management	Against	Yes
				1j	Elect Director James H. Quigley	Management	Against	Yes
				1k	Elect Director Stephen W. Sanger	Management	Against	Yes
				1l	Elect Director Ronald L. Sargent	Management	For	No
				1m	Elect Director Timothy J. Sloan	Management	For	No
				1n	Elect Director Susan G. Swenson	Management	For	No
				1o	Elect Director Suzanne M. Vautrinot	Management	For	No
				2	Advisory Vote to Ratify Named Executive Officers’ Compensation	Management	For	No
				3	Advisory Vote on Say on Pay Frequency	Management	Three Years	Yes
				4	Ratify KPMG LLP as Auditors	Management	For	No
				5	Review and Report on Business Standards	Share Holder	Against	No
				6	Provide for Cumulative Voting	Share Holder	Against	No
				7	Report on Divesting Non-Core Business	Share Holder	Against	No
				8	Report on Gender Pay Gap	Share Holder	Against	No
				9	Report on Lobbying Payments and Policy	Share Holder	Against	No

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                               Chestnut Street Exchange Fund                                                                       

By (Signature and Title)*     /s/Robert Amweg                                                        

Robert Amweg, President & Chief Compliance Officer

(principal executive officer)

Date            8/22/17                                                                                      

*Print the name and title of each signing officer under his or her signature.