Form N-PX
Annual Report of Proxy Voting Record of
Copley Fund, Inc.
Investment Company Act File No.: 811-2815
Registrant
Copley Fund, Inc.
245 Sunrise Ave.
Palm Beach, FL 33480
Agent for Service
Date of Reporting Period: July 1, 2003 to June 30, 2004
Management Registrant
Proposal Proposed By Voted Voted
Alliant Energy Corp
CUSIP: 018802108 Ticker: LNT
Annual General Meeting: May 21, 2004
1 Elect 1 Director for
term ending in 2006
Elect 4 Directors for
term ending in 2007 Management For For
2 Amend restated AOI to
increase number of
authorized shares to
240,000,000 Management For For
Ameren Corporation
CUSIP: 023608102 Ticker: AEE
Annual General Meeting: April 27, 2004
1 Elect Directors Management For For
2 Ratify Auditor Management For For
3 Proposed report on
storage of irradiated
rods at Callaway Nuclear
Plant Shareholder Against Against
American Electric Power
CUSIP:025537101 Ticker: AEP
Annual General Meeting: April 27, 2004
1 Elect 11 Directors Management For For
2 Ratify auditor -
Deloitte & Touche LLP Management For For
3 Shareholder approval of
future severence agreements
for executives Shareholder Against Against
4 Proposal regarding
supplemental executive
retirement plans Shareholder Against Against
5 Independent auditor to
perform only audit and
audit related work Shareholder Against Against
6 Term limits for Directors Shareholder Against Against
Bank of America Corporation
CUSIP: 060505104 Ticker: BAC
Annual General Meeting: May 26, 2004
1 Elect 19 Directors Management For For
2 Ratify auditor Management For For
3 Change Annual Meeting Date Shareholder Against Against
4 Nominate more Directors
than seats Shareholder Against Against
5 Refrain from making
direct charitable
contributions Shareholder Against Against
6 Mutual Fund trading
policies Shareholder Against Against
7 Report on Privacy and
information security Shareholder Against Against
Bell South Corp.
CUSIP: 079860102 Ticker: BLS
Annual General Meeting: April 26, 2004
1 Elect 3 Directors Management For For
2 Ratify auditor Management For For
3 Approve amendment to
elect Directors annually Management For For
4 Approve Stock and Incentive
Compensation plan Management For For
5 Executive compensation Shareholder Against Against
6 CEO compensation Shareholder Against Against
7 Disclosure of political
contributions Shareholder Against Against
Bristol-Myers Squibb Co.
CUSIP: 110122108 Ticker: BMY
Annual General Meeting: May 4, 2004
1 Elect 3 Directors Management For For
2 Ratify Auditor 2004
Pricewaterhouse Management For For
3 Publication of
Political Contrib. Stockholder Against Against
4 Prohibition of
Political Contrib. Stockholder Against Against
5 Separation of CHM
and CEO Stockholder Against Against
6 HIV/AIDS-TB Stockholder Against Against
7 Directors Vote
Threshold Stockholder Against Against
Cinergy Corp
CUSIP: 172474108 Ticker: CIN
Annual General Meeting: May 4, 2004
1 Elect 3 Class I Directors Management For For
2 Ratify auditor Management For For
CHEVRONTEXACO CORPORATION
CUSIP: 166764100 Ticker CVX
Annual General Meeting: April 28, 2004
1 Elect 12 Directors Management For For
2 Ratify auditor Management For For
3 Show support for
Stockholder Rights Policy Management For For
4 Approve the Long-Term
Incentive Plan Management For For
5 HIV/Aids, TB and Malaria Shareholder Against Against
6 Political disclosure Shareholder Against Against
7 Director Election Vote
Threshold Shareholder Against Against
8 Report on Ecuador Shareholder Against Against
9 Renewable Energy Shareholder Against Against
Delta Natural Gas Company, Inc.
CUSIP: 247748106 Ticker: DGAS
Annual General Meeting: November 3, 2003
1 Elect 4 Directors Management For For
Detroit Edison
CUSIP: 233331107 Ticker: DTE
Annual General Meeting: April 29, 2004
1 Elect 5 Directors Management For For
2 Ratify auditor Management For For
3 Nomination of Jack H.
Ferguson Shareholder Against Against
Energy East Corporation
CUSIP: 29266M109 Ticker: EAS
Annual General Meeting: June 18, 2004
1 Elect 4 Directors Management For For
2 Approve amendment to
Certificate of Incorporation
to eliminate the classification
of the Board of Directors Management For For
3 Approve amendment to COI
to eliminate cumulative
voting in the election of
Directors Management For For
4 Approve an existing employee
stock purchase plan Management For For
5 Ratify auditors Management For For
Exelon Corporation
CUSIP: 30161N01 Ticker: EXC
Annual General Meeting: April 27, 2004
1 Elect 4 Directors Management For For
2 Ratify auditors Management For For
3 Approval of Annual
Incentive Plan for
senior executives Management For For
Exxon Mobile Corporation
CUSIP: 30231G102 Ticker: XOM
Annual General Meeting: May 26, 2004
1 Elect 11 Directors Management For For
2 Ratify auditors Management For For
3 Approval of 2004 non-
employee Director restricted
stock plan Management For For
4 Political contributions Shareholder Against Against
5 Political contributions
report Shareholder Against Against
6 Media response on equatorial
Guinea Shareholder Against Against
7 Board Chairman and CEO Shareholder Against Against
8 Ececutive compensation Shareholder Against Against
9 Equity compensation report Shareholder Against Against
10 Amendment of EEO policy Shareholder Against Against
11 Climate Science report Shareholder Against Against
First Energy Corp
CUSIP: 337932107 Ticker: FE
Annual General Meeting: No information received
FPL Group
CUSIP: 302571104 Ticker: FPL
Annual General Meeting: No information received
Franklin Capital Corp
CUSIP: 999797913 Ticker: FKL
Annual General Meeting: December 17, 2003
1 Elect 4 Directors Management For For
2 Ratify auditors Management For For
Arthur J. Gallagher and Company
CUSIP: 363576109 Ticker: AJG
Annual General Meeting: May 18, 2004
1 Elect 3 Directors Management For For
2 Ratify auditors Management For For
Great Plains Energy Incorporated
CUSIP: 391164100 Ticker: GXP
Annual General Meeting: May 4, 2004
1 Elect 11 Directors Management For For
2 Ratify auditors Management For For
J.P. Morgan Chase and Company
CUSIP: 46625H100 Ticker: JPM
Annual General Meeting: May 25, 2004
1 Merger Proposal Management For For
2 Elect 10 Directors Management For For
3 Appointment of External
auditor Management For For
4 Re-approval of key
executive performance plan Management For For
5 Adjournment of Meeting, if
necessary, to solicit
additional proxies Management For For
6 Director term limit Shareholder Against Against
7 Charitable contributions Shareholder Against Against
8 Political contributions Shareholder Against Against
9 Separation of Chairman and
CEO Shareholder Against Against
10 Derivative disclosure Shareholder Against Against
11 Auditor independence Shareholder Against Against
12 Director compensation Shareholder Against Against
13 Pay disparity Shareholder Against Against
Key Corp
CUSIP: 493267108 Ticker: KEY
Annual General Meeting: No information received
KeySpan Corporation
CUSIP: 49337W100 Ticker: KSE
Annual General Meeting: May 20, 2004
1 Elect 10 Directors Management For For
2 Ratify auditors Management For For
3 Shareholder approval for
adoption, maintenance or
extension of any current or
future poison pill Shareholder Against Against
New Jersey Resources Corporation
CUSIP: 646025106 Ticker: NJR
Annual General Meeting: January 21, 2004
1 Elect 5 Directors Management For For
2 Ratify auditors Management For For
Northwest Natural Gas Company
CUSIP: 667655104 Ticker: NWN
Annual General Meeting: May 27, 2004
1 Elect 3 Directors Management For For
NSTAR
CUSIP: 67019E107 Ticker: NST
Annual General Meeting: No information received
Peoples Energy Corporation
CUSIP: 711030106 Ticker:PGL
Annual General Meeting: February 27, 2004
1 Elect 10 Directors Management For For
2 Approve 2004 Incentive
Compensation Plan Management For For
Pfizer Incorporated
CUSIP: 717081103 Ticker: PFE
Annual General Meeting: April 22, 2004
1 Elect 15 Directors Management For For
2 Approve auditor
KPMG LLP 2004 Management For For
3 Approve 2004 Stock Plan Management For For
4 Request review of economic
effects of HIV/AIDS, etc.
on Co's Business Strategy Shareholder Against Against
5 Prevention of Political
Contributions Shareholder Against Against
6 Report on Corporate
Resources Devoted to
To Supporting Political
Entities or Candidates Shareholder Against Against
7 Impose Term Limits on
Directors Shareholder Against Against
8 Request Report on Increasing
Access to Co's Products Shareholder Against Against
9 Issuance of Stock Options
to Executive Officers Shareholder Against Against
10 Use of In Vitro Testing
in Place of Animal Testing Shareholder Against Against
PNC Financial Services Group, Inc.
CUSIP: 693475105 Ticker: PNC
Annual General Meeting: April 27, 2004
1 Elect 16 Directors Management For For
PP&L Corporation
CUSIP: 69351T106 Ticker: PPL
Annual General Meeting: April 23, 2004
1 Elect 3 Directors Management For For
2 Ratify auditor Management For For
Progress Energy, Inc.
CUSIP: 743263105 Ticker: PGN
Annual General Meeting: May 12, 2004
1 Elect 5 Directors Management For For
2 Stock options for Directors
and certain executive officers Shareholder Against Against
Public Service Enterprise Group Incorporated
CUSIP: 744573106 Ticker: PEG
Annual General Meeting: April 20, 2004
1 Elect 1 Director for Class I
term expiring in 2006
Elect 3 Directors for Class II
term expiring in 2007 Management For For
2 Approval of 2004 Long-Term
Incentive Plan Management For For
3 Ratify auditor Management For For
4 Nomination of at least two
candidates for each open
Board position Shareholder Against Against
SBC Communications, Inc.
CUSIP: 78387G103 Ticker: SBG
Annual General Meeting: April 30, 2004
1 Elect 6 Directors Management For For
2 Appointment of Independent
Auditor Management For For
3 Approve amendment to Bylaws Management For For
4 Disclose policies for political
contributions Shareholder Against Against
5 Reduction of Board seats Shareholder Against Against
SCANA Corp
CUSIP: 80589M102 Ticker SCG
Annual General Meeting: April 29, 2004
1 Election of 4 Class II
Directors terms expire 2007 Management For For
2 Approval of Amended Director
Compensation and Deferral Plan Management For For
3 Approval of appointment of
independent auditor Management For For
Sempra Energy, Inc.
CUSIP: 816851109 Ticker: SRE
Annual General Meeting: May 4, 2004
1 Elect Directors Management For For
2 Reapproval of performance
goals Management For For
3 Ratify auditor Management For For
4 Annual election of Directors Shareholder Against Against
5 Submit adoption, maintenance
or extension of poison pill
to shareholder vote Shareholder Against Against
6 Adopt policy re auditors
to perform only audit and
audit related work Shareholder Against Against
7 Board of Directors chaired by
independent director Shareholder Against Against
Southern Company
CUSIP: 842587107 Ticker:
Annual General Meeting: May 26, 2004
1 Elect 11 Directors Management For For
2 Ratify auditor Management For For
3 Approval of outside Directors
Stock Plan Management For For
Sunoco, Inc.
CUSIP: 88764P104 Ticker: SUN
Annual General Meeting: May 6, 2004
1 Elect 13 Directors Management For For
2 Ratify auditor Management For For
Verizon Communications, Inc.
CUSIP 92343V104 Ticker: VZ
Annual General Meeting: April 28, 2004
1 Elect 11 Directors Management For For
2 Ratify auditor Management For For
3 Cumulative Voting Shareholder Against Against
4 Board compensation Shareholder Against Against
5 Separate Chairman and CEO Shareholder Against Against
6 Future Poison Pill Shareholder Against Against
7 Supplemental Executive
retirement plans Shareholder Against Against
8 Options or Stock Grants
based on tracking stock Shareholder Against Against
9 Diversity report on Option
Grants to employees Shareholder Against Against
10 Report on political contributions Shareholder Against Against
11 Collection of universal service
and number portability fees Shareholder Against Against
WalMart Stores, Inc.
CUSIP: 931142103 Ticker: WMT
Annual General Meeting: June 4, 2004
1 Elect 14 Directors Management For For
2 Approval of ASDA Colleague
Share Ownership Plan 1999 Management For For
3 Approve ASDA Sharesave Plan
2000 Management For For
4 Approve Associate Stock
Purchase Plan Management For For
5 Ratify auditor Management For For
6 Independent Chairman Shareholder Against Against
7 Sustainability report Shareholder Against Against
8 Equity compensation Shareholder Against Against
9 Genetically engineered food
products Shareholder Against Against
10 Equal employment opportunity
report Shareholder Against Against
11 Shareholder approval of
Participation in officer
deferred compensation plan Shareholder Against Against
WGL Holdings, Inc.
CUSIP: 92924F106 Ticker: WGL
Annual General Meeting: March 2, 2004
1 Elect 9 Directors Management For For
2 Ratify auditor Management For For
3 Cumulative voting Shareholder Against Against
Zimmer Holdings, Inc.
CUSIP: 98956P102 Ticker: ZMH
Annual General Meeting: May 10, 2004
1 Elect 2 Directors Management For For
2 Poison pills Shareholder Against Against
3 Auditor ratification Shareholder Against Against
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.
By: /s/ Irving Levine
Irving Levine
President
