UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, DC 20549 |
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FORM N-PX |
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ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY |
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Investment Company Act file number 811-01608 |
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Franklin High Income Trust |
(Exact name of registrant as specified in charter) |
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One Franklin Parkway, San Mateo, CA 94403-1906 |
(Address of principal executive offices) (Zip code) |
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Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906 |
(Name and address of agent for service) |
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Registrant's telephone number, including area code: (650) 312-2000 |
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Date of fiscal year end: 5/31 |
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Date of reporting period: 6/30/2020 |
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Item 1. Proxy Voting Records. |
Franklin High Income Fund
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AMPLIFY ENERGY CORP. | ||||
Ticker: AMPY | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Christopher W. Hamm | Management | For | For |
1b | Elect Director Scott L. Hoffman | Management | For | For |
1c | Elect Director Randal T. Klein | Management | For | For |
1d | Elect Director Evan S. Lederman | Management | For | For |
1e | Elect Director David H. Proman | Management | For | For |
1f | Elect Director Todd R. Snyder | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
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BATTALION OIL CORPORATION | ||||
Ticker: BATL | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Scott H. Germann | Management | For | For |
1.2 | Elect Director Gregory S. Hinds | Management | For | For |
1.3 | Elect Director Richard H. Little | Management | For | For |
1.4 | Elect Director William L. Transier | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Advisory Vote on Say on Pay Frequency | Management | Three Years | One Year |
4 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Against |
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BIRCH PERMIAN HOLDINGS, INC. | ||||
Ticker: | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Jason Cansler | Management | For | For |
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BIRCH PERMIAN HOLDINGS, INC. | ||||
Ticker: | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Jason Cansler | Management | For | For |
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CHAPARRAL ENERGY, INC. | ||||
Ticker: CHAP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Charles Duginski | Management | For | For |
1.2 | Elect Director Marcus C. Rowland | Management | For | For |
1.3 | Elect Director Douglas E. Brooks | Management | For | For |
1.4 | Elect Director Michael J. Kuharski | Management | For | For |
1.5 | Elect Director Samuel E. Langford | Management | For | For |
1.6 | Elect Director Mark "Mac" A. McFarland | Management | For | For |
1.7 | Elect Director Kenneth W. Moore | Management | For | For |
1.8 | Elect Director Gysle R. Shellum | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
3 | Ratify Grant Thornton LLP as Auditors | Management | For | For |
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CHAPARRAL ENERGY, INC. | ||||
Ticker: CHAP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Charles Duginski | Management | For | For |
1.2 | Elect Director Marcus C. Rowland | Management | For | For |
1.3 | Elect Director Douglas E. Brooks | Management | For | For |
1.4 | Elect Director Michael J. Kuharski | Management | For | For |
1.5 | Elect Director Samuel E. Langford | Management | For | For |
1.6 | Elect Director Mark "Mac" A. McFarland | Management | For | For |
1.7 | Elect Director Kenneth W. Moore | Management | For | For |
1.8 | Elect Director Gysle R. Shellum | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
3 | Ratify Grant Thornton LLP as Auditors | Management | For | For |
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GOODRICH PETROLEUM CORPORATION | ||||
Ticker: GDP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Walter G. 'Gil' Goodrich | Management | For | For |
1.2 | Elect Director Robert C. Turnham, Jr. | Management | For | For |
1.3 | Elect Director Timothy D. Leuliette | Management | For | For |
1.4 | Elect Director Ronald F. Coleman | Management | For | For |
1.5 | Elect Director K. Adam Leight | Management | For | For |
1.6 | Elect Director Thomas M. Souers | Management | For | For |
1.7 | Elect Director Jeffrey S. Serota | Management | For | For |
1.8 | Elect Director Edward J. Sondey | Management | For | For |
2 | Ratify Moss Adams LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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GOODRICH PETROLEUM CORPORATION | ||||
Ticker: GDP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Walter G. 'Gil' Goodrich | Management | For | For |
1.2 | Elect Director Robert C. Turnham, Jr. | Management | For | For |
1.3 | Elect Director Timothy D. Leuliette | Management | For | For |
1.4 | Elect Director Ronald F. Coleman | Management | For | For |
1.5 | Elect Director K. Adam Leight | Management | For | For |
1.6 | Elect Director Thomas M. Souers | Management | For | For |
1.7 | Elect Director Jeffrey S. Serota | Management | For | For |
1.8 | Elect Director Edward J. Sondey | Management | For | For |
2 | Ratify Moss Adams LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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MIDSTATES PETROLEUM COMPANY, INC. | ||||
Ticker: MPO | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Issue Shares in Connection with Merger | Management | For | For |
2.1 | Elect Director David J. Sambrooks | Management | For | For |
2.2 | Elect Director Alan J. Carr | Management | For | For |
2.3 | Elect Director Patrice D. Douglas | Management | For | For |
2.4 | Elect Director Neal P. Goldman | Management | For | For |
2.5 | Elect Director Randal T. Klein | Management | For | For |
2.6 | Elect Director Evan S. Lederman | Management | For | For |
2.7 | Elect Director David H. Proman | Management | For | For |
2.8 | Elect Director Todd R. Snyder | Management | For | For |
3 | Bundled Say on Pay/Golden Parachute Advisory Vote | Management | For | Abstain |
4 | Ratify Grant Thornton LLP as Auditors | Management | For | For |
5 | Adjourn Meeting | Management | For | For |
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RIVIERA RESOURCES, INC. | ||||
Ticker: RVRA | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director David B. Rottino | Management | For | For |
1.2 | Elect Director Evan Lederman | Management | For | For |
1.3 | Elect Director Joseph A. Mills | Management | For | For |
1.4 | Elect Director Win Rollins | Management | For | For |
1.5 | Elect Director Thanasi Skafidas | Management | For | For |
2 | Ratify KPMG LLP as Auditors - withdrawn | Management | None | None |
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ROAN RESOURCES, INC. | ||||
Ticker: ROAN | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Approve Merger Agreement | Management | For | For |
2 | Advisory Vote on Golden Parachutes | Management | For | For |
3 | Adjourn Meeting | Management | For | For |
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VERSO CORPORATION | ||||
Ticker: VRS | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
Management Proxy (White Proxy Card) | ||||
1a | Elect Director Robert K. Beckler | Management | For | Did Not Vote |
1b | Elect Director Paula H.J. Cholmondeley | Management | For | Did Not Vote |
1c | Elect Director Randy J. Nebel | Management | For | Did Not Vote |
1d | Elect Director Steven D. Scheiwe | Management | For | Did Not Vote |
1e | Elect Director Jay Shuster | Management | For | Did Not Vote |
1f | Elect Director Adam St. John | Management | For | Did Not Vote |
1g | Elect Director Nancy M. Taylor | Management | For | Did Not Vote |
2 | Approve Sale of Androscoggin Mill | Management | For | Did Not Vote |
3 | Adjourn Meeting | Management | For | Did Not Vote |
4a | Reduce Supermajority Vote Requirement for Removal of Directors | Management | For | Did Not Vote |
4b | Reduce Supermajority Vote Requirement to Amend Bylaws | Management | For | Did Not Vote |
4c | Reduce Supermajority Vote Requirement to Amend Certain Provisions of the Certificate of Incorporation | Management | For | Did Not Vote |
5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Did Not Vote |
6 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Did Not Vote |
7 | Adopt Stockholder Rights Plan | Management | For | Did Not Vote |
8 | Adopt Majority Vote for Election of Directors | Management | None | Did Not Vote |
9 | Repeal Amendments to Verso's Amended and Restated Bylaws Adopted After June 26, 2019 | Shareholder | Against | Did Not Vote |
Proposal No | Proposal | Proposed By | Dissident Recommendation | Vote Cast |
Dissident Proxy (Blue Proxy Card) | ||||
1.1 | Elect Director Sean T. Erwin | Shareholder | For | For |
1.2 | Elect Director Jeffrey E. Kirt | Shareholder | For | Withhold |
1.3 | Elect Director Timothy Lowe | Shareholder | For | Withhold |
1.4 | Management Nominee Robert K. Beckler | Shareholder | For | For |
1.5 | Management Nominee Paula H.J. Cholmondeley | Shareholder | For | For |
1.6 | Management Nominee Randy J. Nebel | Shareholder | For | For |
1.7 | Management Nominee Adam St. John | Shareholder | For | For |
2 | Approve Sale of Androscoggin Mill | Management | None | For |
3 | Adjourn Meeting | Management | None | For |
4a | Reduce Supermajority Vote Requirement for Removal of Directors | Management | For | For |
4b | Reduce Supermajority Vote Requirement to Amend Bylaws | Management | For | For |
4c | Reduce Supermajority Vote Requirement to Amend Certain Provisions of the Certificate of Incorporation | Management | For | For |
5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | None | For |
6 | Ratify Deloitte & Touche LLP as Auditors | Management | None | For |
7 | Adopt Stockholder Rights Plan | Management | None | For |
8 | Adopt Majority Vote for Election of Directors | Management | For | For |
9 | Repeal Amendments to Verso's Amended and Restated Bylaws Adopted After June 26, 2019 | Shareholder | For | For |
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WEATHERFORD INTERNATIONAL PLC | ||||
Ticker: WFTLF | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Thomas R. Bates, Jr. | Management | For | Against |
1b | Elect Director John F. Glick | Management | For | Against |
1c | Elect Director Neal P. Goldman | Management | For | For |
1d | Elect Director Gordon T. Hall | Management | For | Against |
1e | Elect Director Mark A. McCollum | Management | For | For |
1f | Elect Director Jacqueline C. Mutschler | Management | For | For |
1g | Elect Director Charles M. Sledge | Management | For | For |
2 | Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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) Franklin High Income Trust________________________________
By (Signature and Title)* /s/ Matthew T. Hinkle _____
Matthew T. Hinkle,
Chief Executive Officer – Finance and Administration
Date August 26, 2020
* Print the name and title of each signing officer under his or her signature.