FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
INVESTMENT COMPANY ACT FILE NUMBER: 811-02614
EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER: Fidelity Exchange Fund
82 DEVONSHIRE STREET, BOSTON, MA 02109
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)(ZIP CODE)
SCOTT C. GOEBEL, SECRETARY, 82 DEVONSHIRE STREET, BOSTON, MA 02109
(NAME AND ADDRESS OF AGENT FOR SERVICE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 617-563-7000
DATE OF FISCAL YEAR END: 12/31
DATE OF REPORTING PERIOD: 07/01/2010 - 06/30/2011
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, THERE UNTO DULY AUTHORIZED.
Fidelity Exchange Fund
BY: /s/KENNETH B. ROBINS*
KENNETH B. ROBINS, TREASURER
DATE: 08/16/2011 02:33:36 PM
*BY: /s/ MARK LUNDVALL
MARK LUNDVALL, VICE PRESIDENT, FIDELITY MANAGEMENT & RESEARCH COMPANY, PURSUANT TO A POWER OF ATTORNEY DATED JUNE 1, 2009 AND FILED HEREWITH.
VOTE SUMMARY REPORT
FIDELITY EXCHANGE FUND
07/01/2010 - 06/30/2011
Note: The Security ID will be the CUSIP (Committee on Uniform Securities Identification Procedures) when available. When CUSIP is not available, an alternate identifier, e.g., CINS, will be provided.
3M COMPANY MEETING DATE: MAY 10, 2011 | ||||
TICKER: MMM SECURITY ID: 88579Y101 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Linda G. Alvarado | Management | For | For |
2 | Elect Director George W. Buckley | Management | For | For |
3 | Elect Director Vance D. Coffman | Management | For | For |
4 | Elect Director Michael L. Eskew | Management | For | For |
5 | Elect Director W. James Farrell | Management | For | For |
6 | Elect Director Herbert L. Henkel | Management | For | For |
7 | Elect Director Edward M. Liddy | Management | For | For |
8 | Elect Director Robert S. Morrison | Management | For | For |
9 | Elect Director Aulana L. Peters | Management | For | For |
10 | Elect Director Robert J. Ulrich | Management | For | For |
11 | Ratify Auditors | Management | For | For |
12 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
13 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
14 | Report on Political Contributions | Shareholder | Against | Abstain |
AGILENT TECHNOLOGIES, INC. MEETING DATE: MAR 01, 2011 | ||||
TICKER: A SECURITY ID: 00846U101 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Heidi Fields | Management | For | For |
2 | Elect Director David M. Lawrence | Management | For | For |
3 | Elect Director A. Barry Rand | Management | For | For |
4 | Ratify Auditors | Management | For | For |
5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
6 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
AIR PRODUCTS AND CHEMICALS, INC. MEETING DATE: JAN 27, 2011 | ||||
TICKER: APD SECURITY ID: 009158106 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Chadwick C. Deaton | Management | For | For |
1.2 | Elect Director Michael J. Donahue | Management | For | For |
1.3 | Elect Director Ursula O. Fairbairn | Management | For | For |
1.4 | Elect Director Lawrence S. Smith | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Advisory Vote on Say on Pay Frequency | Management | Three Years | One Year |
5 | Approve Executive Incentive Bonus Plan | Management | For | For |
ALTRIA GROUP, INC. MEETING DATE: MAY 19, 2011 | ||||
TICKER: MO SECURITY ID: 02209S103 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Elizabeth E. Bailey | Management | For | For |
2 | Elect Director Gerald L. Baliles | Management | For | For |
3 | Elect Director John T. Casteen III | Management | For | For |
4 | Elect Director Dinyar S. Devitre | Management | For | For |
5 | Elect Director Thomas F. Farrell II | Management | For | For |
6 | Elect Director Thomas W. Jones | Management | For | For |
7 | Elect Director George Munoz | Management | For | For |
8 | Elect Director Nabil Y. Sakkab | Management | For | For |
9 | Elect Director Michael E. Szymanczyk | Management | For | For |
10 | Ratify Auditors | Management | For | For |
11 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
12 | Advisory Vote on Say on Pay Frequency | Management | None | One Year |
13 | Cease Production of Flavored Tobacco Products | Shareholder | Against | Against |
AMERICAN EXPRESS COMPANY MEETING DATE: MAY 02, 2011 | ||||
TICKER: AXP SECURITY ID: 025816109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Daniel F. Akerson | Management | For | For |
1.2 | Elect Director Charlene Barshefsky | Management | For | For |
1.3 | Elect Director Ursula M. Burns | Management | For | For |
1.4 | Elect Director Kenneth I. Chenault | Management | For | For |
1.5 | Elect Director Peter Chernin | Management | For | For |
1.6 | Elect Director Theodore J. Leonsis | Management | For | For |
1.7 | Director Jan Leschly | Management | For | For |
1.8 | Director Richard C. Levin | Management | For | For |
1.9 | Director Richard A. McGinn | Management | For | For |
1.10 | Director Edward D. Miller | Management | For | For |
1.11 | Director Steven S. Reinemund | Management | For | For |
1.12 | Director Robert D. Walter | Management | For | For |
1.13 | Director Ronald A. Williams | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
5 | Provide for Cumulative Voting | Shareholder | Against | Against |
6 | Amend Bylaws-- Call Special Meetings | Shareholder | Against | Against |
AMERIPRISE FINANCIAL, INC. MEETING DATE: APR 27, 2011 | ||||
TICKER: AMP SECURITY ID: 03076C106 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Siri S. Marshall | Management | For | For |
2 | Elect Director W. Walker Lewis | Management | For | For |
3 | Elect Director William H. Turner | Management | For | For |
4 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
5 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
6 | Ratify Auditors | Management | For | For |
BECTON, DICKINSON AND COMPANY MEETING DATE: FEB 01, 2011 | ||||
TICKER: BDX SECURITY ID: 075887109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Basil L. Anderson | Management | For | For |
1.2 | Elect Director Henry P. Becton, Jr. | Management | For | For |
1.3 | Elect Director Edward F. Degraan | Management | For | For |
1.4 | Elect Director C.M. Fraser-Liggett | Management | For | For |
1.5 | Elect Director Christopher Jones | Management | For | For |
1.6 | Elect Director Marshall O. Larsen | Management | For | For |
1.7 | Elect Director Edward J. Ludwig | Management | For | For |
1.8 | Elect Director Adel A.F. Mahmoud | Management | For | For |
1.9 | Elect Director Gary A. Mecklenburg | Management | For | For |
1.10 | Elect Director Cathy E. Minehan | Management | For | For |
1.11 | Elect Director James F. Orr | Management | For | For |
1.12 | Elect Director Willard J. Overlock, Jr | Management | For | For |
1.13 | Elect Director Bertram L. Scott | Management | For | For |
1.14 | Elect Director Alfred Sommer | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Advisory Vote on Say on Pay Frequency | Management | None | One Year |
5 | Amend Articles/Bylaws/Charter -- Call Special Meetings | Shareholder | Against | Against |
6 | Provide for Cumulative Voting | Shareholder | Against | Against |
BERKSHIRE HATHAWAY INC. MEETING DATE: APR 30, 2011 | ||||
TICKER: BRK.B SECURITY ID: 084670702 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Warren E. Buffett | Management | For | For |
1.2 | Elect Director Charles T. Munger | Management | For | For |
1.3 | Elect Director Howard G. Buffett | Management | For | For |
1.4 | Elect Director Stephen B. Burke | Management | For | For |
1.5 | Elect Director Susan L. Decker | Management | For | For |
1.6 | Elect Director William H. Gates III | Management | For | For |
1.7 | Elect Director David S. Gottesman | Management | For | For |
1.8 | Elect Director Charlotte Guyman | Management | For | For |
1.9 | Elect Director Donald R. Keough | Management | For | Withhold |
1.10 | Elect Director Thomas S. Murphy | Management | For | For |
1.11 | Elect Director Ronald L. Olson | Management | For | For |
1.12 | Elect Director Walter Scott, Jr. | 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 | Adopt Quantitative GHG Goals for Products and Operations | Shareholder | Against | Abstain |
BRISTOL-MYERS SQUIBB COMPANY MEETING DATE: MAY 03, 2011 | ||||
TICKER: BMY SECURITY ID: 110122108 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director L. Andreotti | Management | For | For |
2 | Elect Director L.B. Campbell | Management | For | For |
3 | Elect Director J.M. Cornelius | Management | For | For |
4 | Elect Director L.J. Freeh | Management | For | For |
5 | Elect Director L.H. Glimcher | Management | For | For |
6 | Elect Director M. Grobstein | Management | For | For |
7 | Elect Director L. Johansson | Management | For | For |
8 | Elect Director A.J. Lacy | Management | For | For |
9 | Elect Director V.L. Sato | Management | For | For |
10 | Elect Director E. Sigal | Management | For | For |
11 | Elect Director T.D. West, Jr. | Management | For | For |
12 | Elect Director R.S. Williams | Management | For | For |
13 | Ratify Auditors | Management | For | For |
14 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
15 | Advisory Vote on Say on Pay Frequency | Management | Three Years | One Year |
16 | Increase Disclosure of Executive Compensation | Shareholder | Against | Against |
17 | Provide Right to Act by Written Consent | Shareholder | Against | Against |
18 | Adopt Policy to Restrain Pharmaceutical Price Increases | Shareholder | Against | Against |
CHEVRON CORPORATION MEETING DATE: MAY 25, 2011 | ||||
TICKER: CVX SECURITY ID: 166764100 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director L.F. Deily | Management | For | For |
2 | Elect Director R.E. Denham | Management | For | For |
3 | Elect Director R.J. Eaton | Management | For | For |
4 | Elect Director C. Hagel | Management | For | For |
5 | Elect Director E. Hernandez | Management | For | For |
6 | Elect Director G.L. Kirkland | Management | For | For |
7 | Elect Director D.B. Rice | Management | For | For |
8 | Elect Director K.W. Sharer | Management | For | For |
9 | Elect Director C.R. Shoemate | Management | For | For |
10 | Elect Director J.G. Stumpf | Management | For | For |
11 | Elect Director R.D. Sugar | Management | For | For |
12 | Elect Director C. Ware | Management | For | For |
13 | Elect Director J.S. Watson | Management | For | For |
14 | Ratify Auditors | Management | For | For |
15 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
16 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
17 | Request Director Nominee with Environmental Qualifications | Shareholder | Against | Against |
18 | Amend Bylaws to Establish a Board Committee on Human Rights | Shareholder | Against | Abstain |
19 | Include Sustainability as a Performance Measure for Senior Executive Compensation | Shareholder | Against | Against |
20 | Adopt Guidelines for Country Selection | Shareholder | Against | Abstain |
21 | Report on Financial Risks of Climate Change | Shareholder | Against | Abstain |
22 | Report on Environmental Impacts of Natural Gas Fracturing | Shareholder | Against | Abstain |
23 | Report on Offshore Oil Wells and Spill Mitigation Measures | Shareholder | Against | Abstain |
CME GROUP INC. MEETING DATE: JUN 08, 2011 | ||||
TICKER: CME SECURITY ID: 12572Q105 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Craig S. Donohue | Management | For | For |
1.2 | Elect Director Timothy S. Bitsberger | Management | For | For |
1.3 | Elect Director Jackie M. Clegg | Management | For | For |
1.4 | Elect Director James A. Donaldson | Management | For | For |
1.5 | Elect Director J. Dennis Hastert | Management | For | For |
1.6 | Elect Director William P. Miller II | Management | For | For |
1.7 | Elect Director Terry L. Savage | Management | For | For |
1.8 | Elect Director Christopher Stewart | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
COACH, INC. MEETING DATE: NOV 03, 2010 | ||||
TICKER: COH SECURITY ID: 189754104 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Lew Frankfort | Management | For | For |
1.2 | Elect Director Susan Kropf | Management | For | For |
1.3 | Elect Director Gary Loveman | Management | For | For |
1.4 | Elect Director Ivan Menezes | Management | For | For |
1.5 | Elect Director Irene Miller | Management | For | For |
1.6 | Elect Director Michael Murphy | Management | For | For |
1.7 | Elect Director Jide Zeitlin | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Approve Omnibus Stock Plan | Management | For | Against |
4 | Adopt Policy on Ending Use of Animal Fur in Products | Shareholder | Against | Abstain |
DIRECTV MEETING DATE: APR 28, 2011 | ||||
TICKER: DTV SECURITY ID: 25490A101 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director David B. Dillon | Management | For | For |
1.2 | Elect Director Samuel A. DiPiazza, Jr. | Management | For | For |
1.3 | Elect Director Lorrie M. Norrington | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Reduce Authorized Class B Shares, Eliminate Class C Common Stock and Deletion of Rights to Call Special Meetings to Certain Stockholders | Management | For | For |
4 | Declassify the Board of Directors | Management | For | For |
5 | Adopt Majority Voting for Uncontested Election of Directors | Management | For | For |
6 | Provide Right to Call Special Meeting | Management | For | For |
7 | Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes | Management | For | For |
8 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
9 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
EXXON MOBIL CORPORATION MEETING DATE: MAY 25, 2011 | ||||
TICKER: XOM SECURITY ID: 30231G102 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director M.J. Boskin | Management | For | For |
1.2 | Elect Director P. Brabeck-Letmathe | Management | For | For |
1.3 | Elect Director L.R. Faulkner | Management | For | For |
1.4 | Elect Director J.S. Fishman | Management | For | For |
1.5 | Elect Director K.C. Frazier | Management | For | For |
1.6 | Elect Director W.W. George | Management | For | For |
1.7 | Elect Director M.C. Nelson | Management | For | For |
1.8 | Elect Director S.J. Palmisano | Management | For | For |
1.9 | Elect Director S.S. Reinemund | Management | For | For |
1.10 | Elect Director R.W. Tillerson | Management | For | For |
1.11 | Elect Director E.E. Whitacre, Jr. | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Advisory Vote on Say on Pay Frequency | Management | Three Years | One Year |
5 | Require Independent Board Chairman | Shareholder | Against | Against |
6 | Report on Political Contributions | Shareholder | Against | Abstain |
7 | Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity | Shareholder | Against | Against |
8 | Adopt Policy on Human Right to Water | Shareholder | Against | Abstain |
9 | Report on Environmental Impact of Oil Sands Operations in Canada | Shareholder | Against | Abstain |
10 | Report on Environmental Impacts of Natural Gas Fracturing | Shareholder | Against | Abstain |
11 | Report on Energy Technologies Development | Shareholder | Against | Abstain |
12 | Adopt Quantitative GHG Goals for Products and Operations | Shareholder | Against | Abstain |
GENERAL ELECTRIC COMPANY MEETING DATE: APR 27, 2011 | ||||
TICKER: GE SECURITY ID: 369604103 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director W. Geoffrey Beattie | Management | For | For |
2 | Elect Director James I. Cash, Jr. | Management | For | For |
3 | Elect Director Ann M. Fudge | Management | For | For |
4 | Elect Director Susan Hockfield | Management | For | For |
5 | Elect Director Jeffrey R. Immelt | Management | For | For |
6 | Elect Director Andrea Jung | Management | For | For |
7 | Elect Director Alan G. Lafley | Management | For | For |
8 | Elect Director Robert W. Lane | Management | For | For |
9 | Elect Director Ralph S. Larsen | Management | For | For |
10 | Elect Director Rochelle B. Lazarus | Management | For | For |
11 | Elect Director James J. Mulva | Management | For | For |
12 | Elect Director Sam Nunn | Management | For | For |
13 | Elect Director Roger S. Penske | Management | For | For |
14 | Elect Director Robert J. Swieringa | Management | For | For |
15 | Elect Director James S. Tisch | Management | For | For |
16 | Elect Director Douglas A. Warner III | Management | For | For |
17 | Ratify Auditors | Management | For | For |
18 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
19 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
20 | Provide for Cumulative Voting | Shareholder | Against | Against |
21 | Performance-Based Equity Awards | Shareholder | Against | Against |
22 | Withdraw Stock Options Granted to Executive Officers | Shareholder | Against | Against |
23 | Report on Climate Change Business Risk | Shareholder | Against | Abstain |
24 | Report on Animal Testing and Plans for Reduction | Shareholder | Against | Abstain |
HEWLETT-PACKARD COMPANY MEETING DATE: MAR 23, 2011 | ||||
TICKER: HPQ SECURITY ID: 428236103 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director M. L. Andreessen | Management | For | For |
2 | Elect Director L. Apotheker | Management | For | For |
3 | Elect Director L.T. Babbio, Jr. | Management | For | For |
4 | Elect Director S.M. Baldauf | Management | For | For |
5 | Elect Director S. Banerji | Management | For | For |
6 | Elect Director R.L. Gupta | Management | For | For |
7 | Elect Director J.H. Hammergren | Management | For | For |
8 | Elect Director R.J. Lane | Management | For | For |
9 | Elect Director G.M. Reiner | Management | For | For |
10 | Elect Director P.F. Russo | Management | For | For |
11 | Elect Director D. Senequier | Management | For | For |
12 | Elect Director G.K. Thompson | Management | For | For |
13 | Elect Director M.C. Whitman | Management | For | For |
14 | Ratify Auditors | Management | For | For |
15 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
16 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
17 | Approve Qualified Employee Stock Purchase Plan | Management | For | For |
18 | Amend Executive Incentive Bonus Plan | Management | For | For |
INTERNATIONAL BUSINESS MACHINES CORPORATION MEETING DATE: APR 26, 2011 | ||||
TICKER: IBM SECURITY ID: 459200101 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director A. J. P. Belda | Management | For | For |
2 | Elect Director W. R. Brody | Management | For | For |
3 | Elect Director K. I. Chenault | Management | For | For |
4 | Elect Director M. L. Eskew | Management | For | For |
5 | Elect Director S. A. Jackson | Management | For | For |
6 | Elect Director A. N. Liveris | Management | For | For |
7 | Elect Director W. J. McNerney, Jr. | Management | For | For |
8 | Elect Director J. W. Owens | Management | For | For |
9 | Elect Director S. J. Palmisano | Management | For | For |
10 | Elect Director J. E. Spero | Management | For | For |
11 | Elect Director S. Taurel | Management | For | For |
12 | Elect Director L. H. Zambrano | Management | For | For |
13 | Ratify Auditors | Management | For | For |
14 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
15 | Advisory Vote on Say on Pay Frequency | Management | Three Years | One Year |
16 | Provide for Cumulative Voting | Shareholder | Against | Against |
17 | Report on Political Contributions | Shareholder | Against | Abstain |
18 | Report on Lobbying Expenses | Shareholder | Against | Abstain |
JOHNSON & JOHNSON MEETING DATE: APR 28, 2011 | ||||
TICKER: JNJ SECURITY ID: 478160104 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Mary Sue Coleman | Management | For | For |
2 | Elect Director James G. Cullen | Management | For | For |
3 | Elect Director Ian E.L. Davis | Management | For | For |
4 | Elect Director Michael M.e. Johns | Management | For | For |
5 | Elect Director Susan L. Lindquist | Management | For | For |
6 | Elect Director Anne M. Mulcahy | Management | For | For |
7 | Elect Director Leo F. Mullin | Management | For | For |
8 | Elect Director William D. Perez | Management | For | For |
9 | Elect Director Charles Prince | Management | For | For |
10 | Elect Director David Satcher | Management | For | For |
11 | Elect Director William C. Weldon | Management | For | For |
12 | Ratify Auditors | Management | For | For |
13 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
14 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
15 | Adopt Policy to Restrain Pharmaceutical Price Increases | Shareholder | Against | Against |
16 | Amend EEO Policy to Prohibit Discrimination Based on Applicant's Health Status | Shareholder | Against | Abstain |
17 | Adopt Animal-Free Training Methods | Shareholder | Against | Abstain |
JPMORGAN CHASE & CO. MEETING DATE: MAY 17, 2011 | ||||
TICKER: JPM SECURITY ID: 46625H100 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Crandall C. Bowles | Management | For | For |
2 | Elect Director Stephen B. Burke | Management | For | For |
3 | Elect Director David M. Cote | Management | For | For |
4 | Elect Director James S. Crown | Management | For | For |
5 | Elect Director James Dimon | Management | For | For |
6 | Elect Director Ellen V. Futter | Management | For | For |
7 | Elect Director William H. Gray, III | Management | For | For |
8 | Elect Director Laban P. Jackson, Jr. | Management | For | For |
9 | Elect Director David C. Novak | Management | For | For |
10 | Elect Director Lee R. Raymond | Management | For | For |
11 | Elect Director William C. Weldon | Management | For | For |
12 | Ratify Auditors | Management | For | For |
13 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
14 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
15 | Amend Omnibus Stock Plan | Management | For | For |
16 | Affirm Political Non-Partisanship | Shareholder | Against | Abstain |
17 | Provide Right to Act by Written Consent | Shareholder | Against | Against |
18 | Report on Loan Modifications | Shareholder | Against | Against |
19 | Report on Political Contributions | Shareholder | Against | Abstain |
20 | Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity | Shareholder | Against | Abstain |
21 | Require Independent Board Chairman | Shareholder | Against | Against |
JUNIPER NETWORKS, INC. MEETING DATE: MAY 18, 2011 | ||||
TICKER: JNPR SECURITY ID: 48203R104 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Mary B. Cranston | Management | For | For |
1.2 | Elect Director Kevin R. Johnson | Management | For | For |
1.3 | Elect Director J. Michael Lawrie | Management | For | For |
1.4 | Elect Director David Schlotterbeck | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Approve Executive Incentive Bonus Plan | Management | For | For |
4 | Amend Omnibus Stock Plan | Management | For | For |
5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
6 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
7 | Declassify the Board of Directors | Shareholder | None | For |
MCDONALD'S CORPORATION MEETING DATE: MAY 19, 2011 | ||||
TICKER: MCD SECURITY ID: 580135101 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Susan E. Arnold | Management | For | For |
2 | Elect Director Richard H. Lenny | Management | For | For |
3 | Elect Director Cary D. McMillan | Management | For | For |
4 | Elect Director Sheila A. Penrose | Management | For | For |
5 | Elect Director James A. Skinner | Management | For | For |
6 | Ratify Auditors | Management | For | For |
7 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
8 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
9 | Reduce Supermajority Vote Requirement for Transactions With Interested Shareholders | Management | For | For |
10 | Reduce Supermajority Vote Requirement Relating to the Board of Directors | Management | For | For |
11 | Reduce Supermajority Vote Requirement for Shareholder Action | Management | For | For |
12 | Declassify the Board of Directors | Shareholder | Against | For |
13 | Require Suppliers to Adopt CAK | Shareholder | Against | Abstain |
14 | Report on Policy Responses to Children's Health Concerns and Fast Food | Shareholder | Against | Abstain |
15 | Report on Beverage Container Environmental Strategy | Shareholder | Against | Abstain |
MERCK & CO., INC. MEETING DATE: MAY 24, 2011 | ||||
TICKER: MRK SECURITY ID: 58933Y105 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Leslie A. Brun | Management | For | For |
2 | Elect Director Thomas R. Cech | Management | For | For |
3 | Elect Director Richard T. Clark | Management | For | For |
4 | Elect Director Kenneth C. Frazier | Management | For | For |
5 | Elect Director Thomas H. Glocer | Management | For | For |
6 | Elect Director Steven F. Goldstone | Management | For | For |
7 | Elect Director William B. Harrison. Jr. | Management | For | For |
8 | Elect Director Harry R. Jacobson | Management | For | For |
9 | Elect Director William N. Kelley | Management | For | For |
10 | Elect Director C. Robert Kidder | Management | For | For |
11 | Elect Director Rochelle B. Lazarus | Management | For | Against |
12 | Elect Director Carlos E. Represas | Management | For | For |
13 | Elect Director Patricia F. Russo | Management | For | For |
14 | Elect Director Thomas E. Shenk | Management | For | For |
15 | Elect Director Anne M. Tatlock | Management | For | For |
16 | Elect Director Craig B. Thompson | Management | For | For |
17 | Elect Director Wendell P. Weeks | Management | For | For |
18 | Elect Director Peter C. Wendell | Management | For | For |
19 | Ratify Auditors | Management | For | For |
20 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
21 | Advisory Vote on Say on Pay Frequency | Management | Three Years | One Year |
MICROSOFT CORPORATION MEETING DATE: NOV 16, 2010 | ||||
TICKER: MSFT SECURITY ID: 594918104 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Steven A. Ballmer | Management | For | For |
2 | Elect Director Dina Dublon | Management | For | For |
3 | Elect Director William H. Gates III | Management | For | For |
4 | Elect Director Raymond V. Gilmartin | Management | For | For |
5 | Elect Director Reed Hastings | Management | For | For |
6 | Elect Director Maria M. Klawe | Management | For | For |
7 | Elect Director David F. Marquardt | Management | For | For |
8 | Elect Director Charles H. Noski | Management | For | For |
9 | Elect Director Helmut Panke | Management | For | For |
10 | Ratify Auditors | Management | For | For |
11 | Amend Bylaws to Establish a Board Committee on Environmental Sustainability | Shareholder | Against | Abstain |
MOTOROLA MOBILITY HOLDINGS, INC. MEETING DATE: MAY 09, 2011 | ||||
TICKER: MMI SECURITY ID: 620097105 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Sanjay K. Jha | Management | For | For |
2 | Elect Director Jon E. Barfield | Management | For | For |
3 | Elect Director William R. Hambrecht | Management | For | For |
4 | Elect Director Jeanne P. Jackson | Management | For | For |
5 | Elect Director Keith A. Meister | Management | For | For |
6 | Elect Director Thomas J. Meredith | Management | For | For |
7 | Elect Director Daniel A. Ninivaggi | Management | For | For |
8 | Elect Director James R. Stengel | Management | For | For |
9 | Elect Director Anthony J. Vinciquerra | Management | For | For |
10 | Elect Director Andrew J. Viterbi | Management | For | For |
11 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
12 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
13 | Ratify Auditors | Management | For | For |
MOTOROLA SOLUTIONS, INC. MEETING DATE: MAY 02, 2011 | ||||
TICKER: MSI SECURITY ID: 620076307 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Gregory Q. Brown | Management | For | For |
2 | Elect Director William J. Bratton | Management | For | For |
3 | Elect Director David W. Dorman | Management | For | For |
4 | Elect Director Michael V. Hayden | Management | For | For |
5 | Elect Director Vincent J. Intrieri | Management | For | For |
6 | Elect Director Judy C. Lewent | Management | For | For |
7 | Elect Director Samuel C. Scott III | Management | For | For |
8 | Elect Director John A. White | Management | For | For |
9 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
10 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
11 | Amend Omnibus Stock Plan | Management | For | For |
12 | Ratify Auditors | Management | For | For |
13 | Amend Human Rights Policies | Shareholder | Against | Abstain |
MOTOROLA, INC. MEETING DATE: NOV 29, 2010 | ||||
TICKER: MSI SECURITY ID: 620076109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Approve Reverse Stock Split | Management | For | For |
2 | Amend Certificate of Incorporation to Effect Reverse Stock Split and Reduce Proportionately the Number of Common Shares | Management | For | For |
PFIZER INC. MEETING DATE: APR 28, 2011 | ||||
TICKER: PFE SECURITY ID: 717081103 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Dennis A. Ausiello | Management | For | For |
2 | Elect Director Michael S. Brown | Management | For | For |
3 | Elect Director M. Anthony Burns | Management | For | For |
4 | Elect Director W. Don Cornwell | Management | For | For |
5 | Elect Director Frances D. Fergusson | Management | For | For |
6 | Elect Director William H. Gray III | Management | For | For |
7 | Elect Director Constance J. Horner | Management | For | For |
8 | Elect Director James M. Kilts | Management | For | For |
9 | Elect Director George A. Lorch | Management | For | For |
10 | Elect Director John P. Mascotte | Management | For | For |
11 | Elect Director Suzanne Nora Johnson | Management | For | For |
12 | Elect Director Ian C. Read | Management | For | For |
13 | Elect Director Stephen W. Sanger | Management | For | For |
14 | Ratify Auditors | Management | For | For |
15 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
16 | Advisory Vote on Say on Pay Frequency | Management | Two Years | One Year |
17 | Publish Political Contributions | Shareholder | Against | Abstain |
18 | Report on Public Policy Advocacy Process | Shareholder | Against | Abstain |
19 | Adopt Policy to Restrain Pharmaceutical Price Increases | Shareholder | Against | Against |
20 | Provide Right to Act by Written Consent | Shareholder | Against | Against |
21 | Amend Articles/Bylaws/Charter -- Call Special Meetings | Shareholder | Against | Against |
22 | Report on Animal Testing and Plans for Reduction | Shareholder | Against | Abstain |
PHILIP MORRIS INTERNATIONAL INC. MEETING DATE: MAY 11, 2011 | ||||
TICKER: PM SECURITY ID: 718172109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Harold Brown | Management | For | For |
2 | Elect Director Mathis Cabiallavetta | Management | For | For |
3 | Elect Director Louis C. Camilleri | Management | For | For |
4 | Elect Director J. Dudley Fishburn | Management | For | For |
5 | Elect Director Jennifer Li | Management | For | For |
6 | Elect Director Graham Mackay | Management | For | For |
7 | Elect Director Sergio Marchionne | Management | For | For |
8 | Elect Director Lucio A. Noto | Management | For | For |
9 | Elect Director Carlos Slim Helu | Management | For | For |
10 | Elect Director Stephen M. Wolf | Management | For | For |
11 | Ratify Auditors | Management | For | For |
12 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
13 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
14 | Report on Effect of Marketing Practices on the Poor | Shareholder | Against | Abstain |
15 | Require Independent Board Chairman | Shareholder | Against | Against |
RAYTHEON COMPANY MEETING DATE: MAY 26, 2011 | ||||
TICKER: RTN SECURITY ID: 755111507 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Vernon E. Clark | Management | For | For |
2 | Elect Director John M. Deutch | Management | For | For |
3 | Elect Director Stephen J. Hadley | Management | For | For |
4 | Elect Director Frederic M. Poses | Management | For | For |
5 | Elect Director Michael C. Ruettgers | Management | For | For |
6 | Elect Director Ronald L. Skates | Management | For | For |
7 | Elect Director William R. Spivey | Management | For | For |
8 | Elect Director Linda G. Stuntz | Management | For | For |
9 | Elect Director William H. Swanson | Management | For | For |
10 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
11 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
12 | Ratify Auditors | Management | For | For |
13 | Provide Right to Act by Written Consent | Shareholder | Against | Against |
14 | Stock Retention/Holding Period | Shareholder | Against | Against |
15 | Report on Lobbying Contributions and Expenses | Shareholder | Against | Abstain |
16 | Submit SERP to Shareholder Vote | Shareholder | Against | Against |
SCHLUMBERGER LIMITED MEETING DATE: APR 06, 2011 | ||||
TICKER: SLB SECURITY ID: 806857108 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Philippe Camus | Management | For | For |
1.2 | Elect Director Peter L.S. Currie | Management | For | For |
1.3 | Elect Director Andrew Gould | Management | For | For |
1.4 | Elect Director Tony Isaac | Management | For | For |
1.5 | Elect Director K. Vaman Kamath | Management | For | For |
1.6 | Elect Director Nikolay Kudryavtsev | Management | For | For |
1.7 | Elect Director Adrian Lajous | Management | For | For |
1.8 | Elect Director Michael E. Marks | Management | For | For |
1.9 | Elect Director Elizabeth Moler | Management | For | For |
1.10 | Elect Director Leo Rafael Reif | Management | For | For |
1.11 | Elect Director Tore I. Sandvold | Management | For | For |
1.12 | Elect Director Henri Seydoux | Management | For | For |
1.13 | Elect Director Paal Kibsgaard | Management | For | For |
1.14 | Elect Director Lubna S. Olayan | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Advisory Vote on Say on Pay Frequency | Management | Two Years | One Year |
4 | Increase Authorized Common Stock | Management | For | Against |
5 | Adopt Plurality Voting for Contested Election of Directors | Management | For | For |
6 | Adopt and Approve Financials and Dividends | Management | For | For |
7 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
SPX CORPORATION MEETING DATE: MAY 05, 2011 | ||||
TICKER: SPW SECURITY ID: 784635104 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director J. Kermit Campbell | Management | For | For |
2 | Elect Director Emerson U. Fullwood | Management | For | For |
3 | Elect Director Michael J. Mancuso | Management | For | For |
4 | Elect Director Terry S. Lisenby | Management | For | For |
5 | Amend Omnibus Stock Plan | Management | For | Against |
6 | Amend Executive Incentive Bonus Plan | Management | For | For |
7 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
8 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
9 | Ratify Auditors | Management | For | For |
STANLEY BLACK & DECKER, INC. MEETING DATE: APR 19, 2011 | ||||
TICKER: SWK SECURITY ID: 854502101 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director George W. Buckley | Management | For | Withhold |
1.2 | Elect Director Carlos M. Cardoso | Management | For | Withhold |
1.3 | Elect Director Robert B. Coutts | Management | For | Withhold |
1.4 | Elect Director Manuel A. Fernandez | Management | For | Withhold |
1.5 | Elect Director Marianne M. Parrs | Management | For | Withhold |
2 | Ratify 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 | Three Years | One Year |
THE COCA-COLA COMPANY MEETING DATE: APR 27, 2011 | ||||
TICKER: KO SECURITY ID: 191216100 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Herbert A. Allen | Management | For | For |
2 | Elect Director Ronald W. Allen | Management | For | For |
3 | Elect Director Howard G. Buffett | Management | For | For |
4 | Elect Director Barry Diller | Management | For | For |
5 | Elect Director Evan G. Greenberg | Management | For | For |
6 | Elect Director Alexis M. Herman | Management | For | For |
7 | Elect Director Muhtar Kent | Management | For | For |
8 | Elect Director Donald R. Keough | Management | For | For |
9 | Elect Director Maria Elena Lagomasino | Management | For | For |
10 | Elect Director Donald F. McHenry | Management | For | For |
11 | Elect Director Sam Nunn | Management | For | For |
12 | Elect Director James D. Robinson III | Management | For | For |
13 | Elect Director Peter V. Ueberroth | Management | For | For |
14 | Elect Director Jacob Wallenberg | Management | For | For |
15 | Elect Director James B. Williams | Management | For | For |
16 | Ratify Auditors | Management | For | For |
17 | Amend Executive Incentive Bonus Plan | Management | For | For |
18 | Amend Restricted Stock Plan | Management | For | For |
19 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
20 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
21 | Publish Report on Chemical Bisphenol-A (BPA) | Shareholder | Against | Abstain |
THE PROCTER & GAMBLE COMPANY MEETING DATE: OCT 12, 2010 | ||||
TICKER: PG SECURITY ID: 742718109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Angela F. Braly | Management | For | For |
2 | Elect Director Kenneth I. Chenault | Management | For | For |
3 | Elect Director Scott D. Cook | Management | For | For |
4 | Elect Director Rajat K. Gupta | Management | For | For |
5 | Elect Director Robert A. Mcdonald | Management | For | For |
6 | Elect Director W. James Mcnerney, Jr. | Management | For | For |
7 | Elect Director Johnathan A. Rodgers | Management | For | For |
8 | Elect Director Mary A. Wilderotter | Management | For | For |
9 | Elect Director Patricia A. Woertz | Management | For | For |
10 | Elect Director Ernesto Zedillo | Management | For | For |
11 | Ratify Auditors | Management | For | For |
12 | Provide for Cumulative Voting | Shareholder | Against | Against |
THE WALT DISNEY COMPANY MEETING DATE: MAR 23, 2011 | ||||
TICKER: DIS SECURITY ID: 254687106 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Susan E. Arnold | Management | For | For |
2 | Elect Director John E. Bryson | Management | For | For |
3 | Elect Director John S. Chen | Management | For | For |
4 | Elect Director Judith L. Estrin | Management | For | For |
5 | Elect Director Robert A. Iger | Management | For | For |
6 | Elect Director Steven P. Jobs | Management | For | For |
7 | Elect Director Fred H. Langhammer | Management | For | For |
8 | Elect Director Aylwin B. Lewis | Management | For | For |
9 | Elect Director Monica C. Lozano | Management | For | For |
10 | Elect Director Robert W. Matschullat | Management | For | For |
11 | Elect Director John E. Pepper, Jr. | Management | For | For |
12 | Elect Director Sheryl Sandberg | Management | For | For |
13 | Elect Director Orin C. Smith | Management | For | For |
14 | Ratify Auditors | Management | For | For |
15 | Approve Omnibus Stock Plan | Management | For | Against |
16 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
17 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
18 | Prohibit Retesting Performance Goals | Shareholder | Against | Against |
UNION PACIFIC CORPORATION MEETING DATE: MAY 05, 2011 | ||||
TICKER: UNP SECURITY ID: 907818108 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Andrew H. Card, Jr. | Management | For | For |
1.2 | Elect Director Erroll B. Davis, Jr. | Management | For | For |
1.3 | Elect Director Thomas J. Donohue | Management | For | For |
1.4 | Elect Director Archie W. Dunham | Management | For | For |
1.5 | Elect Director Judith Richards Hope | Management | For | For |
1.6 | Elect Director Charles C. Krulak | Management | For | For |
1.7 | Elect Director Michael R. McCarthy | Management | For | For |
1.8 | Elect Director Michael W. McConnell | Management | For | For |
1.9 | Elect Director Thomas F. McLarty III | Management | For | For |
1.10 | Elect Director Steven R. Rogel | Management | For | For |
1.11 | Elect Director Jose H. Villarreal | Management | For | For |
1.12 | Elect Director James R. Young | Management | For | For |
2 | Ratify Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
5a | Reduce Supermajority Vote Requirement Relating to Preference Rights of Preferred Stock | Management | For | For |
5b | Reduce Supermajority Vote Requirement Relating to Removal of Directors | Management | For | For |
5c | Reduce Supermajority Vote Requirement Relating to Amendments to Authorized Capital Stock | Management | For | For |
6 | Require Independent Board Chairman | Shareholder | Against | Against |
UNITED TECHNOLOGIES CORPORATION MEETING DATE: APR 13, 2011 | ||||
TICKER: UTX SECURITY ID: 913017109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Louis R. Chenevert | Management | For | For |
2 | Elect Director John V. Faraci | Management | For | For |
3 | Elect Director Jean-Pierre Garnier | Management | For | For |
4 | Elect Director Jamie S. Gorelick | Management | For | For |
5 | Elect Director Edward A. Kangas | Management | For | For |
6 | Elect Director Ellen J. Kullman | Management | For | For |
7 | Elect Director Charles R. Lee | Management | For | For |
8 | Elect Director Richard D. McCormick | Management | For | For |
9 | Elect Director Harold McGraw III | Management | For | For |
10 | Elect Director Richard B. Myers | Management | For | For |
11 | Elect Director H. Patrick Swygert | Management | For | For |
12 | Elect Director Andre Villeneuve | Management | For | For |
13 | Elect Director Christine Todd Whitman | Management | For | For |
14 | Ratify Auditors | Management | For | For |
15 | Amend Omnibus Stock Plan | Management | For | For |
16 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
17 | Advisory Vote on Say on Pay Frequency | Management | None | One Year |
18 | Stock Retention/Holding Period | Shareholder | Against | Against |
WASTE MANAGEMENT, INC. MEETING DATE: MAY 13, 2011 | ||||
TICKER: WM SECURITY ID: 94106L109 | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Pastora San Juan Cafferty | Management | For | For |
2 | Elect Director Frank M. Clark, Jr. | Management | For | For |
3 | Elect Director Patrick W. Gross | Management | For | For |
4 | Elect Director John C. Pope | Management | For | For |
5 | Elect Director W. Robert Reum | Management | For | For |
6 | Elect Director Steven G. Rothmeier | Management | For | For |
7 | Elect Director David P. Steiner | Management | For | For |
8 | Elect Director Thomas H. Weidemeyer | Management | For | For |
9 | Ratify Auditors | Management | For | For |
10 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
11 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
12 | Provide Right to Call Special Meeting | Management | For | For |
POWER OF ATTORNEY
I, the undersigned Treasurer of the following investment companies:
Fidelity Advisor Series I Fidelity Advisor Series VII Fidelity Advisor Series VIII Fidelity Beacon Street Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Commonwealth Trust Fidelity Concord Street Trust Fidelity Congress Street Fund Fidelity Contrafund Fidelity Covington Trust Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Exchange Fund Fidelity Financial Trust | Fidelity Hanover Street Trust Fidelity Hastings Street Trust Fidelity Investment Trust Fidelity Magellan Fund Fidelity Mt. Vernon Street Trust Fidelity Puritan Trust Fidelity Securities Fund Fidelity Select Portfolios Fidelity Summer Street Trust Fidelity Trend Fund Variable Insurance Products Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV |
in addition to any other investment company for which Fidelity Management & Research Company or an affiliate acts as investment adviser and for which the undersigned individual serves as Treasurer (collectively, the "Funds"), hereby constitute and appoint Mark Lundvall and Jay Burke my true and lawful attorney-in-fact, each of them singly, with full power of substitution, and with full power to sign for me and in my name in the appropriate capacity, all Reports of the Proxy Voting Records of the Funds on Form N-PX under the Investment Company Act of 1940, as amended (the "Act"), or any successor thereto, and any supplements or other instruments in connection therewith, and generally do all such things in my name and behalf in connection therewith as said attorney-in-fact deems necessary or appropriate to cause such Form to be completed and filed in accordance with the Act and all related requirements of the Securities and Exchange Commission. I hereby ratify and confirm all that said attorney-in-fact or his substitute may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after June 1, 2009.
WITNESS my hand on this 1st day of June 2009.
/s/Kenneth B. Robins
Kenneth B. Robins
Treasurer