UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-03287
New Alternatives Fund, Inc.
(Exact name of registrant as specified in charter)
150 Broadhollow Road, Suite 306
Melville, New York 11747
(Address of principal executive offices) (Zip code)
David J. Schoenwald, President
New Alternatives Fund, Inc.
150 Broadhollow Road, Suite 306
Melville, New York 11747
(Name and address of agent for service)
Registrant's telephone number, including area code: 631-423-7373
Date of fiscal year end: December 31
Date of reporting period: July 1, 2007 - June 30, 2008
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, 100 F Street, NE, Washington, DC 20549. 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, 2007 TO JUNE 30, 2008
Name of Security: | Renewable Energy Holdings, PLC |
Ticker: | REH.L | Cusip or Sedol Number: | G74906101 | |
Meeting Type: | Annual General | |||
Rec. Date: | 06/04/07 | Meeting Date: | 07/04/07 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Receive, approve and adopt report of Directors and financial statements for the 6 months ended 31 Dec 2006, together with report of Independent Auditors | None | For |
2. | Re-appoint Mr. Alan Burns as a Director, who retires by rotation | None | For |
3. | Re-appoint BDO Stoy Hayward as Auditors | None | For |
4. | Approve that the Company continue to undertake active and passive investment in both proven and innovative Renewable Energy Technologies | None | For |
5. | Authorize Directors, pursuant to Article 3.5 of Articles of Association of the Company, to allot equity securities for cash as if pre-emption provisions in Article 3.5 of Articles of Association of Company did not apply to such allotment up to an aggregate nominal amount of GBP 142,916.67; and Directors may allot relevant securities after the expiry of this authority in pursuance of such an offer or or agreement made prior to such expiry | None | For |
Name of Security: | Pennon Group PLC |
Ticker: | PNN.L | Cusip or Sedol Number: | G8295T213 | |
Meeting Type: | Annual General | |||
Rec. Date: | 06/27/07 | Meeting Date: | 07/26/07 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Receive Directors’ report and the financial statements for YE 31 MAR 2007 | None | For |
2. | Declare a final dividend for YE 31 MAR 2007 | None | For |
3. | Approve Director’s renumeration report for FY 2006/07, contained in annual report 2007 | None | For |
4. | Elect Mr. Christopher Loughlin as a Director | None | For |
5. | Re-elect Mr. Kenneth G. Harvey as a Director | None | For |
6. | Re-elect Mr. Gerard D. Connell XX as a Director | None | For |
7. | Re-appoint PricewaterhouseCoppers LLP as Auditors of Company to hold office until the conclusion of next AGM at which accounts are laid before the Company | None | For |
8. | Authorize Directors to fix renumeration of Auditors | None | For |
9. | Approve and adopt Pennon Group Performance and Co-Investment Plan 2007, as specified; authorize Directors: to do all acts and things necessary or expedient to carry the Plan into effect and to vote and be counted in the quorum on any matter connected with the Plan; and to establish further plans based on PCP | None | For |
S.10 | Amend Articles of Association of Company as specified | None | For |
11. | Authorize Directors to allot relevant securities up to a maximum nominal amount of GBP 30,210.712 | None | For |
S.12 | Authorize the Directors to allot equity securities for cash and for purpose of Paragraph (1) (b) of that Article, the nominal amount is limited to GBP 7,239,461 | None | For |
S.13 | Authorize Company to make market purchases of new ordinary shares of 40.7p each in the capital of Company on such terms and in such manner as directors may from time to time determine to provided that the number of shares to be purchased be up to 35,574,747 at a minimum price of 40.7p and maximum price not more than 105% above average middle market quotations for such ordinary shares derived from London Stock Exchange Daily Official List; and the Company, before the expiry, may make a contract to purchase ordinary shares which will or may be executed wholly or partly after such expiry | None | For |
14. | Authorize the Company to make donations to EU political organization and to incur EU political expenditure up to a maximum aggregate amount of GBP 50,000 | None | For |
15. | Authorize the Company and its subsidiary, South West Water Limited to make donations to EU political organization and to incur EU political expenditure up to a maximum aggregate amount of GBP 50,000 | None | For |
16. | Authorize the Company and its subsidiary, Viridor Waste Management Limited to make donations to EU political organization and to incur EU political expenditure up to a maximum aggregate amount of GBP 50,000 | None | For |
Name of Security: | Companhia de Saneamento Basico |
Ticker: | SBS | Cusip or Sedol Number: | 20441A102 | |
Meeting Type: | Special | |||
Rec. Date: | 07/09/07 | Meeting Date: | 07/30/07 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: |
1. | To elect member to Board of Directors, pursuant to paragraph 3 of Article 14 of Company’s bylaws, for the remaining term of office of replaced member | None | For |
2. | To rectify and ratify management accounts and financial statements related to year 2006 in accordance with management report, the balance sheet and related notes to financial statements, purpose of the resolution of annual general meeting held on April 30, 2007 | None | For |
3. | To rectify and ratify the resolution on profit allocation and transfer the balance from retained earnings to investment reserve, in accordance with the multiyear investment plan capital budget, resolved at the annual general meeting held on April 30, 2007 | None | For |
Name of Security: | Kelda Group PLC |
Ticker: | KEL.L | Cusip or Sedol Number: | G32344114 | |
Meeting Type: | Annual General | |||
Rec. Date: | 07/04/07 | Meeting Date: | 08/01/07 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Receive Directors’ report, the Auditor’s reports and the accounts | None | For |
2. | Receive Directors’ remuneration report | None | For |
3. | Declare a final dividend | None | For |
4. | Re-elect Mr. D. Salkeld | None | For |
5. | Appoint Auditor and approve the remuneration of Auditor | None | For |
6. | Grant authority to allot shares | None | For |
S.7 | Grant authority to allot shares for cash | None | For |
S.8 | Grant authority to purchase ordinary shares in the market | None | For |
9. | Amend LTIP Rules | None | Abstain |
Name of Security: | Ocean Power Technologies Inc. |
Ticker: | OPTT | Cusip or Sedol Number: | 674870308 | |
Meeting Type: | Annual | |||
Rec. Date: | 08/21/07 | Meeting Date: | 10/05/07 | |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Ratify selection of KPMG LLP as independent registered public accounting firm for fiscal year ending April 30, 2008 | For | For |
Name of Security: | Sims Group Ltd. |
Ticker: | SGM.AX | Cusip or Sedol Number: | B0LCW75 | |
Meeting Type: | Annual General | |||
Rec. Date: | 10/23/07 | Meeting Date: | 11/21/07 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Receive financial statements of Company and its controlled entities for YE 30 JUN 2007 and related Directors’ report, Directors’ declaration and Auditor’s report | None | N/A |
2.1 | Re-elect Mr. Ross Cunningham as Executive Director of Company, who retires in rotation at AGM in accordance with Company’s Constitution and ASX Listing Rules | For | For |
2.2 | Re-elect Mr. Christopher Renwick as a Non-Executive Director of Company, who retires at AGM in accordance with Company’s Constitution and ASX Listing Rules | For | For |
2.3 | Re-elect Mr. Mike Iwanaga as a Non-Executive Director of Company, who retires at AGM in accordance with Company’s Constitution and ASX Listing Rules | For | For |
S.3 | Amend Constitution in relation to Hugo Neu Corporation, as specified | For | For |
S.4 | Amend Constitution in relation to Mitsul & Co., as specified | For | For |
5. | Approve to increase the maximum aggregate cash renumeration which may be paid to Directors (other than Executive Directors) for services rendered as Directors, by AUD 1,000,000 from AUD 1,500,000 to 2,500,000 per annum | For | Against |
6. | Approve, for the purposes of ASX Listing Rule 10.14 for issue of 224,534 rights to Mr. Jeremy Sutcliffe, the Group Chief Executive, effective 25 SEP 2007 and the issue of any Sims Group Limited ordinary shares upon the exercise of those performance rights in the company under the terms of Sims Group Long Term Incentive Plan, as speciified | For | Abstain |
7. | Approve, for the purposes of ASX Listing Rule 10.14 for issue of 66,847 performance rights to Mr. Ross Cunningham, Executive Director, effective 25 SEP 2007 and the issue of any Sims Group Limited ordinary shares upon the exercise of those performance rights in the company under the terms of Sims Group Long Term Incentive Plan, as speciified | For | Abstain |
8. | Adopt the remuneration report for the YE 30 JUN 2007 [as set out in Director’s Report] | For | Abstain |
Name of Security: | United Natural Foods, Inc. |
Ticker: | UNFI | Cusip or Sedol Number: | 911163103 | |
Meeting Type: | Annual | |||
Rec. Date: | 10/09/07 | Meeting Date: | 12/06/07 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | To ratify selection of KPMG LLP as Corporation’s independent registered public accounting firm for fiscal year 2008 | For | For |
Name of Security: | Owens Corning |
Ticker: | OC | Cusip or Sedol Number: | 690742101 | |
Meeting Type: | Annual | |||
Rec. Date: | 10/09/07 | Meeting Date: | 12/06/07 | |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | ||
1. | Director Nominees Election | For | For All Nominees | |
2. | Approval of amended and restated Owens Corning 2006 stock plan | For | For | |
3. | Ratification of selection of PriceWaterhouseCooper LLP as independent registered public accounting firm for 2008 | For | For |
Name of Security: | Johnson Controls, Inc. |
Ticker: | JCI | Cusip or Sedol Number: | 478366107 | |
Meeting Type: | Annual | |||
Rec. Date: | 11/15/07 | Meeting Date: | 01/23/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Ratification of PriceWaterhouseCoopers as independent auditors for 2008 | For | For |
Name of Security: | Commercial Metals Company |
Ticker: | CMC | Cusip or Sedol Number: | 201723103 | |
Meeting Type: | Annual | |||
Rec. Date: | 11/26/07 | Meeting Date: | 01/24/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Ratification of appointment of Deloitte & Touche LLP as independent auditors for fiscal year ending August 31, 2008 | For | For |
3. | Shareholder proposal requesting addition of sexual orientation to company’s written non-discrimination policy | Against | For |
Name of Security: | Whole Foods Market, Inc. |
Ticker: | WFMI | Cusip or Sedol Number: | 966837106 | |
Meeting Type: | Annual | |||
Rec. Date: | 01/16/08 | Meeting Date: | 03/10/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Ratification of appointment of Ernst & Young, LLP as independent public accountants for fiscal year 2008 | For | For |
3. | Shareholder proposal regarding the future election of members of Board of Directors by a majority vote | Against | Abstain |
4. | Shareholder proposal regarding separating the roles of company Chairman of the Board and CEO | Against | Abstain |
Name of Security: | Applied Materials, Inc. |
Ticker: | AMAT | Cusip or Sedol Number: | 038222105 | |
Meeting Type: | Annual | |||
Rec. Date: | 01/18/08 | Meeting Date: | 03/11/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | To ratify the appointment of KPMG LLP as Applied Materials’ independent registered public accounting firm for fiscal year 2008 | For | For |
Name of Security: | FuelCell Energy, Inc. |
Ticker: | FCEL | Cusip or Sedol Number: | 35952H106 | |
Meeting Type: | Annual | |||
Rec. Date: | 02/20/08 | Meeting Date: | 04/04/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Ratification of selection of KPMG LLP as independent registered public accounting firm | For | For |
Name of Security: | South Jersey Industries, Inc. |
Ticker: | SJI | Cusip or Sedol Number: | 838518108 | |
Meeting Type: | Annual | |||
Rec. Date: | 02/22/08 | Meeting Date: | 04/18/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | To ratify appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2008 | For | For |
3. | Shareholder proposal requesting the annual election of each director | Against | Abstain |
Name of Security: | MEMC Electronic Materials, Inc. |
Ticker: | WFR | Cusip or Sedol Number: | 552715104 | |
Meeting Type: | Annual | |||
Rec. Date: | 03/03/08 | Meeting Date: | 04/23/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | ||
1. | Director Nominees Election | For | For All Nominees | |
2. | Ratification of selection of KPMG LLP as independent registered public accounting firm for year ending December 31, 2008 | For | For |
Name of Security: | The Gorman-Rupp Company |
Ticker: | GRC | Cusip or Sedol Number: | 383082104 | |
Meeting Type: | Annual | |||
Rec. Date: | 03/12/08 | Meeting Date: | 04/24/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | ||
1. | Director Nominees Election | For | For All Nominees | |
2. | Ratification of appointment of Ernst & Young LLP as independent public accountants | For | For |
Name of Security: | Badger Meter, Inc. |
Ticker: | BMI | Cusip or Sedol Number: | 056525108 | |
Meeting Type: | Annual | |||
Rec. Date: | 02/29/08 | Meeting Date: | 04/25/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Approval of Badger Meter 2008 restricted stock plan | For | Against |
3. | Approval of amendment to the restated articles of incorporation to declassify the Board of Directors | For | Abstain |
Name of Security: | Baldor Electric Company |
Ticker: | BEZ | Cusip or Sedol Number: | 057741100 | |
Meeting Type: | Annual | |||
Rec. Date: | 03/10/08 | Meeting Date: | 04/26/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Ratify appointment of auditors | For | For |
3. | To consider shareholder proposal | Against | Abstain |
Name of Security: | Companhia de Saneamento Basico |
Ticker: | SBS | Cusip or Sedol Number: | 20441A102 | |
Meeting Type: | Annual | |||
Rec. Date: | 04/07/08 | Meeting Date: | 04/29/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
A1. | Analysis of management’s accounts and financial statements, supported by reports of fiscal council and external auditors related to fiscal year 2007, in compliance with management report, balance sheet and corresponding explanatory notes | For | For |
A2. | Resolution on allocation of net income of the year | For | For |
A3. | Election of Board of Directors and fiscal council sitting and alternate members | For | For |
E1. | Proposal of capital stock increase for incorporating profit reserve, in the amount of R$2,800,000,000.00 pursuant to Article 199 of Law 6404/1976 | For | For |
E2. | Proposal for amendment of Article 5, caput, of the by-laws in force to identify the new amount of paid-in capital stock, due to proposal for amendment from Item E1 | For | For |
E3. | Proposal for amendment of Article 7, caput, of the by-laws in force, for expanding limit of authorized capital in compliance with proposal for amendment from Item E1 | For | For |
Name of Security: | Brookfield Asset Management Inc. |
Ticker: | BAM | Cusip or Sedol Number: | 112585104 | |
Meeting Type: | Annual | |||
Rec. Date: | 03/12/08 | Meeting Date: | 04/30/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | The appointment of auditors and authorizing the Directors to fix the renumeration to be paid to the auditors | For | For |
Name of Security: | Stantec Inc. |
Ticker: | SXC | Cusip or Sedol Number: | 85472N109 | |
Meeting Type: | Annual | |||
Rec. Date: | 03/14/08 | Meeting Date: | 05/01/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Reappointment of Ernst & Young LLP, chartered accountants, as Stantec’s auditor and authorizing Directors to fix the auditor’s remuneration | For | For |
Name of Security: | Ormat Technologies, Inc. |
Ticker: | ORA | Cusip or Sedol Number: | 686688102 | |
Meeting Type: | Annual | |||
Rec. Date: | 03/20/08 | Meeting Date: | 05/06/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | To ratify selection of Pricewaterhousecoopers LLP as independent auditors of the company for fiscal year ending December 31, 2008 | For | For |
Name of Security: | Itron, Inc. |
Ticker: | ITRI | Cusip or Sedol Number: | 465741106 | |
Meeting Type: | Annual | |||
Rec. Date: | 02/29/08 | Meeting Date: | 05/06/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | |
1. | Director Nominees Election | For | For All Nominees |
2. | Ratification of appointment of Ernst & Young LLP as the company’s independent accounting firm | For | For |
Name of Security: | Northwest Natural Gas Company |
Ticker: | NWN | Cusip or Sedol Number: | 667655104 | |
Meeting Type: | Annual | |||
Rec. Date: | 04/03/08 | Meeting Date: | 05/22/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | ||
1. | Director Nominees Election | For | For All Nominees | |
2. | Approval of employee stock purchase plan as amended | For | Abstain | |
3. | Approval of amendment to Article III of the restated Articles of Incorporation | For | Abstain | |
4. | Ratification of appointment of Pricewaterhousecoopers LLP as NW Natural’s independent registered public accountants for year 2008 | For | For |
Name of Security: | Telvent GIT SA |
Ticker: | TLVT | Cusip or Sedol Number: | E90215109 | |
Meeting Type: | Annual | |||
Rec. Date: | 04/01/08 | Meeting Date: | 05/22/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | ||
1. | Examination and approval of annual accounts and management report of company, all as more fully described in the proxy statement | For | For | |
2. | Approval of proposed distribution of Company’s net income for 2007 financial year | For | For | |
3. | Approval of actions of Board of Directors in 2007 | For | For | |
4. | Approval of Board of Directors compensation for 2007 | For | Abstain | |
5. | Reelection or appointment of auditor of company and its consolidated group for year 2008 | For | For | |
6. | Delegation to the Board of Directors of the power to increase the share capital | For | For | |
7. | Authorization to Board of Directors to establish, directly or indirectly, a share purchase plan for the management of Company, all as more fully described in the proxy statement | For | Abstain | |
8. | Grant of power to Board of Directors to correct, formalize, execute and/or legalize all documents memorializing agreements of shareholders at this meeting | For | For | |
9. | Approval of minutes of this meeting as may be required by law | For | For | |
10. | In their discretion, the proxies are authorized to vote upon such other business as properly may come before the meeting | For | For |
Name of Security: | Kyocera Corporation |
Ticker: | KYO | Cusip or Sedol Number: | 501556203 | |
Meeting Type: | Annual Meeting | |||
Rec. Date: | 03/31/08 | Meeting Date: | 06/26/08 |
Agenda Item Description
Proxy Item Proposals: | Mgt Rec.: | How Voted: | ||
1. | Approval of disposition of Surplus | For | For | |
2A. | Election of Tetsuo Kuba as a director | For | For | |
2B. | Election of Tatsumi Maeda as a director | For | For | |
3A. | Election of Osamu Nishieda as a corporate auditor | For | For | |
3B. | Election of Kokichi Ishibitsu as a corporate auditor | For | For | |
3C. | Election of Kazuo Yoshida as a corporate auditor | For | For | |
4. | Approval of bonuses to Directors and Corporate Auditors | For | Abstain | |
5. | Approval of payment of retirement allowance to retired director and retiring director and corporate auditor | For | Abstain |
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 New Alternatives Fund, Inc.
By (Signature and Title)* /s/ David J. Schoenwald
David J. Schoenwald, Chief Executive Officer
(Principal Executive Officer)
Date 08/07/08
*Print the name and title of each signing officer under his or her signature.