UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
INVESTMENT COMPANY ACT FILE NUMBER: 811-3916
NAME OF REGISTRANT: VANGUARD SPECIALIZED FUNDS
ADDRESS OF REGISTRANT: PO BOX 2600, VALLEY FORGE, PA 19482
NAME AND ADDRESS OF AGENT FOR SERVICE: HEIDI STAM
PO BOX 876
VALLEY FORGE, PA 19482
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (610) 669-1000
DATE OF FISCAL YEAR END: JANUARY 31
DATE OF REPORTING PERIOD: JULY 1, 2011 - JUNE 30, 2012
FUND: VANGUARD DIVIDEND APPRECIATION INDEX FUND
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: 1st Source Corporation
TICKER: SRCE CUSIP: 336901103
MEETING DATE: 4/26/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR TRACY D. GRAHAM ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ALLISON N. EGIDI ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR CRAIG A. KAPSON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOHN T. PHAIR ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MARK D. SCHWABERO ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: 3M Company
TICKER: MMM CUSIP: 88579Y101
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR LINDA G. ALVARADO ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR VANCE D. COFFMAN ISSUER YES AGAINST AGAINST
PROPOSAL #3: ELECT DIRECTOR MICHAEL L. ESKEW ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR W. JAMES FARRELL ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR HERBERT L. HENKEL ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR EDWARD M. LIDDY ISSUER YES AGAINST AGAINST
PROPOSAL #7: ELECT DIRECTOR ROBERT S. MORRISON ISSUER YES AGAINST AGAINST
PROPOSAL #8: ELECT DIRECTOR AULANA L. PETERS ISSUER YES AGAINST AGAINST
PROPOSAL #9: ELECT DIRECTOR INGE G. THULIN ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR ROBERT J. ULRICH ISSUER YES AGAINST AGAINST
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #13: AMEND QUALIFIED EMPLOYEE STOCK PURCHASE ISSUER YES FOR FOR
PLAN
PROPOSAL #14: AMEND OMNIBUS STOCK PLAN ISSUER YES AGAINST AGAINST
PROPOSAL #15: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #16: PROHIBIT POLITICAL CONTRIBUTIONS SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #17: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: A. O. Smith Corporation
TICKER: AOS CUSIP: 831865209
MEETING DATE: 4/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR GLOSTER B. CURRENT, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR WILLIAM P. GREUBEL ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR IDELLE K. WOLF ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR GENE C. WULF ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: ABM Industries Incorporated
TICKER: ABM CUSIP: 000957100
MEETING DATE: 3/6/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR LINDA CHAVEZ ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR J. PHILIP FERGUSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR HENRIK C. SLIPSAGER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Aflac Incorporated
TICKER: AFL CUSIP: 001055102
MEETING DATE: 5/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR DANIEL P. AMOS ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JOHN SHELBY AMOS, II ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR PAUL S. AMOS, II ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR KRISS CLONINGER, III ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ELIZABETH J. HUDSON ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR DOUGLAS W. JOHNSON ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR ROBERT B. JOHNSON ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR CHARLES B. KNAPP ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR E. STEPHEN PURDOM ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR BARBARA K. RIMER ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR MARVIN R. SCHUSTER ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR MELVIN T. STITH ISSUER YES FOR FOR
PROPOSAL #13: ELECT DIRECTOR DAVID GARY THOMPSON ISSUER YES FOR FOR
PROPOSAL #14: ELECT DIRECTOR TAKURO YOSHIDA ISSUER YES FOR FOR
PROPOSAL #15: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #16: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #17: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #18: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Air Products and Chemicals, Inc.
TICKER: APD CUSIP: 009158106
MEETING DATE: 1/26/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR MARIO L. BAEZA ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR SUSAN K. CARTER ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JOHN E. MCGLADE ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Albemarle Corporation
TICKER: ALB CUSIP: 012653101
MEETING DATE: 5/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JIM W. NOKES ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR WILLAM H. HERNANDEZ ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR R. WILLIAM IDE, III ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR LUTHER C. KISSAM, IV ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JOSEPH M. MAHADY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR BARRY W. PERRY ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JOHN SHERMAN, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR HARRIETT TEE TAGGART ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ANNE MARIE WHITTEMORE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS �� ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: American States Water Company
TICKER: AWR CUSIP: 029899101
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JAMES L. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ANNE M. HOLLOWAY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR SARAH J. ANDERSON ISSUER YES FOR FOR
PROPOSAL #2: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: AptarGroup, Inc.
TICKER: ATR CUSIP: 038336103
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR LESLIE A. DESJARDINS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LEO A. GUTHART ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RALF K. WUNDERLICH ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Aqua America, Inc.
TICKER: WTR CUSIP: 03836W103
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR NICK DEBENEDICTIS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR RICHARD GLANTON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LON GREENBERG ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WENDELL HOLLAND ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #4: APPROVE QUALIFIED EMPLOYEE STOCK ISSUER YES FOR FOR
PURCHASE PLAN
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #6: ADOPT POLICY ON HUMAN RIGHT TO WATER SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Archer-Daniels-Midland Company
TICKER: ADM CUSIP: 039483102
MEETING DATE: 11/3/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR GEORGE W. BUCKLEY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR MOLLIE HALE CARTER ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR TERRELL K. CREWS ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR PIERRE DUFOUR ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DONALD E. FELSINGER ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ANTONIO MACIEL ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR PATRICK J. MOORE ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR THOMAS F. O'NEILL ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR KELVIN R. WESTBROOK ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR PATRICIA A. WOERTZ ISSUER YES FOR FOR
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #13: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #14: ADOPT POLICY TO PROHIBIT POLITICAL SHAREHOLDER YES ABSTAIN AGAINST
SPENDING
PROPOSAL #15: REPORT ON POLITICAL CONTRIBUTIONS SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #16: ADOPT AND IMPLEMENT SUSTAINABLE PALM SHAREHOLDER YES ABSTAIN AGAINST
OIL POLICY
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Atlantic Tele-Network, Inc.
TICKER: ATNI CUSIP: 049079205
MEETING DATE: 6/12/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MARTIN L. BUDD ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL T. FLYNN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LIANE J. PELLETIER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CORNELIUS B. PRIOR, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MICHAEL T. PRIOR ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CHARLES J. ROESSLEIN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR BRIAN A. SCHUCHMAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Automatic Data Processing, Inc.
TICKER: ADP CUSIP: 053015103
MEETING DATE: 11/8/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR GREGORY D. BRENNEMAN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LESLIE A. BRUN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GARY C. BUTLER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR RICHARD T. CLARK ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR ERIC C. FAST ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR LINDA R. GOODEN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR R. GLENN HUBBARD ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN P. JONES ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ENRIQUE T. SALEM ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR GREGORY L. SUMME ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Badger Meter, Inc.
TICKER: BMI CUSIP: 056525108
MEETING DATE: 4/27/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RONALD H. DIX ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR THOMAS J. FISCHER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GALE E. KLAPPA ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR GAIL A. LIONE ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD A. MEEUSEN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR ANDREW J. POLICANO ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR STEVEN J. SMITH ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR TODD J. TESKE ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: BancFirst Corporation
TICKER: BANF CUSIP: 05945F103
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JAMES R. DANIEL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR TOM H. MCCASLAND ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR PAUL B. ODOM, JR. ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR H. E. RAINBOLT ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MICHAEL K. WALLACE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR G. RAINEY WILLIAMS, JR. ISSUER YES WITHHOLD AGAINST
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Bank of the Ozarks, Inc.
TICKER: OZRK CUSIP: 063904106
MEETING DATE: 4/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR GEORGE GLEASON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MARK ROSS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JEAN AREHART ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR NICHOLAS BROWN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD CISNE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR ROBERT EAST ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR LINDA GLEASON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR HENRY MARIANI ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ROBERT PROOST ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR R. L. QUALLS ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR JOHN REYNOLDS ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR KENNITH SMITH ISSUER YES FOR FOR
PROPOSAL #1.13: ELECT DIRECTOR SHERECE WEST ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Becton, Dickinson and Company
TICKER: BDX CUSIP: 075887109
MEETING DATE: 1/31/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR BASIL L. ANDERSON ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR HENRY P. BECTON, JR. ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR EDWARD F. DEGRAAN ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR VINCENT A. FORLENZA ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR CLAIRE M. FRASER-LIGGETT ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR CHRISTOPHER JONES ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR MARSHALL O. LARSEN ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR EDWARD J. LUDWIG ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR ADEL A.F. MAHMOUD ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR GARY A. MECKLENBURG ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR JAMES F. ORR ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR WILLARD J. OVERLOCK, JR ISSUER YES FOR FOR
PROPOSAL #13: ELECT DIRECTOR BERTRAM L. SCOTT ISSUER YES FOR FOR
PROPOSAL #14: ELECT DIRECTOR ALFRED SOMMER ISSUER YES FOR FOR
PROPOSAL #15: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #16: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #17: PROVIDE FOR CUMULATIVE VOTING SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Bemis Company, Inc.
TICKER: BMS CUSIP: 081437105
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM J. BOLTON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR BARBARA L. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR PAUL S. PEERCY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR RONALD J. FLOTO ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR WILLIAM L. MANSFIELD ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Brown & Brown, Inc.
TICKER: BRO CUSIP: 115236101
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR J. HYATT BROWN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR SAMUEL P. BELL, III ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.3: ELECT DIRECTOR HUGH M. BROWN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR J. POWELL BROWN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR BRADLEY CURREY, JR. ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR THEODORE J. HOEPNER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR TONI JENNINGS ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR TIMOTHY R.M. MAIN ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR WENDELL S. REILLY ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JOHN R. RIEDMAN ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR CHILTON D. VARNER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: C. R. Bard, Inc.
TICKER: BCR CUSIP: 067383109
MEETING DATE: 4/18/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR MARC C. BRESLAWSKY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR HERBERT L. HENKEL ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR TOMMY G. THOMPSON ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR TIMOTHY M. RING ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR G. MASON MORFIT ISSUER YES FOR FOR
PROPOSAL #6: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #7: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #8: AMEND QUALIFIED EMPLOYEE STOCK PURCHASE ISSUER YES FOR FOR
PLAN
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #10: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #11: PREPARE SUSTAINABILITY REPORT SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: C.H. Robinson Worldwide, Inc.
TICKER: CHRW CUSIP: 12541W209
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR DAVID W. MACLENNAN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JAMES B. STAKE ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JOHN P. WIEHOFF ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #6: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: CARBO Ceramics Inc.
TICKER: CRR CUSIP: 140781105
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR SIGMUND L. CORNELIUS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JAMES B. JENNINGS ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GARY A. KOLSTAD ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR H. E. LENTZ, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RANDY L. LIMBACHER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR WILLIAM C. MORRIS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR ROBERT S. RUBIN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Cardinal Health, Inc.
TICKER: CAH CUSIP: 14149Y108
MEETING DATE: 11/2/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR COLLEEN F. ARNOLD ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR GEORGE S. BARRETT ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR GLENN A. BRITT ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR CARRIE S. COX ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR CALVIN DARDEN ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR BRUCE L. DOWNEY ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR JOHN F. FINN ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR GREGORY B. KENNY ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR DAVID P. KING ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR RICHARD C. NOTEBAERT ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR DAVID W. RAISBECK ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR JEAN G. SPAULDING ISSUER YES FOR FOR
PROPOSAL #13: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #14: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #15: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #16: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #17: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Carlisle Companies Incorporated
TICKER: CSL CUSIP: 142339100
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR STEPHEN P. MUNN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR LAWRENCE A. SALA ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR MAGALEN C. WEBERT ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #6: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Carlisle Companies Incorporated
TICKER: CSL CUSIP: 142339A99
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR STEPHEN P. MUNN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR LAWRENCE A. SALA ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR MAGALEN C. WEBERT ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #6: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Casey's General Stores, Inc.
TICKER: CASY CUSIP: 147528103
MEETING DATE: 9/16/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT J. MYERS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DIANE C. BRIDGEWATER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Cass Information Systems, Inc.
TICKER: CASS CUSIP: 14808P109
MEETING DATE: 4/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT A. EBEL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOHN L. GILLIS, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RANDALL L. SCHILLING ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR FRANKLIN D. WICKS, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Caterpillar Inc.
TICKER: CAT CUSIP: 149123101
MEETING DATE: 6/13/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DAVID L. CALHOUN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DANIEL M. DICKINSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EUGENE V. FIFE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JUAN GALLARDO ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DAVID R. GOODE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JESSE J. GREENE, JR. ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JON M. HUNTSMAN, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR PETER A. MAGOWAN ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR DENNIS A. MUILENBURG ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR DOUGLAS R. OBERHELMAN ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR WILLIAM A. OSBORN ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR CHARLES D. POWELL ISSUER YES FOR FOR
PROPOSAL #1.13: ELECT DIRECTOR EDWARD B. RUST, JR. ISSUER YES FOR FOR
PROPOSAL #1.14: ELECT DIRECTOR SUSAN C. SCHWAB ISSUER YES FOR FOR
PROPOSAL #1.15: ELECT DIRECTOR JOSHUA I. SMITH ISSUER YES FOR FOR
PROPOSAL #1.16: ELECT DIRECTOR MILES D. WHITE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: PROVIDE RIGHT TO CALL SPECIAL MEETING ISSUER YES FOR FOR
PROPOSAL #5: AMEND ADVANCE NOTICE PROVISIONS FOR ISSUER YES FOR FOR
SHAREHOLDER PROPOSALS/NOMINATIONS
PROPOSAL #6: REPORT ON POLITICAL CONTRIBUTIONS SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #7: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES AGAINST FOR
OF DIRECTORS
PROPOSAL #8: REVIEW AND ASSESS HUMAN RIGHTS POLICIES SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #9: PROVIDE RIGHT TO ACT BY WRITTEN CONSENT SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Chevron Corporation
TICKER: CVX CUSIP: 166764100
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR LINNET F. DEILY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ROBERT E. DENHAM ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR CHUCK HAGEL ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR ENRIQUE HERNANDEZ, JR. ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR GEORGE L. KIRKLAND ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR CHARLES W. MOORMAN, IV ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR KEVIN W. SHARER ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR JOHN G. STUMPF ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR RONALD D. SUGAR ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR CARL WARE ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR JOHN S. WATSON ISSUER YES FOR FOR
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #14: REMOVE EXCLUSIVE VENUE PROVISION SHAREHOLDER YES AGAINST FOR
PROPOSAL #15: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
PROPOSAL #16: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES AGAINST FOR
PROPOSAL #17: ADOPT GUIDELINES FOR COUNTRY SELECTION SHAREHOLDER YES AGAINST FOR
PROPOSAL #18: REPORT ON HYDRAULIC FRACTURING RISKS TO SHAREHOLDER YES AGAINST FOR
COMPANY
PROPOSAL #19: REPORT ON ACCIDENT RISK REDUCTION SHAREHOLDER YES AGAINST FOR
EFFORTS
PROPOSAL #20: AMEND ARTICLES/BYLAWS/CHARTER -- CALL SHAREHOLDER YES AGAINST FOR
SPECIAL MEETINGS
PROPOSAL #21: REQUEST DIRECTOR NOMINEE WITH SHAREHOLDER YES AGAINST FOR
ENVIRONMENTAL QUALIFICATIONS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Church & Dwight Co., Inc.
TICKER: CHD CUSIP: 171340102
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR T. ROSIE ALBRIGHT ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR RAVICHANDRA K. SALIGRAM ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ROBERT K. SHEARER ISSUER YES FOR FOR
PROPOSAL #4: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #6: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: CLARCOR Inc.
TICKER: CLC CUSIP: 179895107
MEETING DATE: 3/27/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR J. MARC ADAM ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JAMES W. BRADFORD, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JAMES L. PACKARD ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Colgate-Palmolive Company
TICKER: CL CUSIP: 194162103
MEETING DATE: 5/11/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR NIKESH ARORA ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JOHN T. CAHILL ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR IAN COOK ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR HELENE D. GAYLE ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ELLEN M. HANCOCK ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR JOSEPH JIMENEZ ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR RICHARD J. KOGAN ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR DELANO E. LEWIS ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR J. PEDRO REINHARD ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR STEPHEN I. SADOVE ISSUER YES FOR FOR
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #13: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Commerce Bancshares, Inc.
TICKER: CBSH CUSIP: 200525103
MEETING DATE: 4/18/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JONATHAN M. KEMPER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR TERRY O. MEEK ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR KIMBERLY G. WALKER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: AMEND BUNDLED COMPENSATION PLANS ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Delphi Financial Group, Inc.
TICKER: DFG CUSIP: 247131105
MEETING DATE: 3/13/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: APPROVE MERGER AGREEMENT ISSUER YES FOR FOR
PROPOSAL #2: AMEND CERTIFICATE OF INCORPORATION ISSUER YES FOR FOR
PERMITING HOLDERS OF CLASS B COMMON STOCK TO RECEIVE
HIGHER CONSIDERATION THAN HOLDERS OF CLASS A COMMON
STOCK
PROPOSAL #3: ADVISORY VOTE ON GOLDEN PARACHUTES ISSUER YES AGAINST AGAINST
PROPOSAL #4: ADJOURN MEETING ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Donaldson Company, Inc.
TICKER: DCI CUSIP: 257651109
MEETING DATE: 11/18/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR F. GUILLAUME BASTIAENS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JANET M. DOLAN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JEFFREY NODDLE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR AJITA G. RAJENDRA ISSUER YES FOR FOR
PROPOSAL #2: INCREASE AUTHORIZED COMMON STOCK ISSUER YES AGAINST AGAINST
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR AGAINST
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Dover Corporation
TICKER: DOV CUSIP: 260003108
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR DAVID H. BENSON ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ROBERT W. CREMIN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JEAN-PIERRE M. ERGAS ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR PETER T. FRANCIS ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR KRISTIANE C. GRAHAM ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ROBERT A. LIVINGSTON ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR RICHARD K. LOCHRIDGE ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR BERNARD G. RETHORE ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR MICHAEL B. STUBBS ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR STEPHEN M. TODD ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR STEPHEN K. WAGNER ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR MARY A. WINSTON ISSUER YES FOR FOR
PROPOSAL #13: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #14: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #15: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Ecolab Inc.
TICKER: ECL CUSIP: 278865100
MEETING DATE: 11/30/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ISSUE SHARES IN CONNECTION WITH ISSUER YES FOR FOR
ACQUISITION
PROPOSAL #2: INCREASE AUTHORIZED COMMON STOCK ISSUER YES AGAINST AGAINST
PROPOSAL #3: ADJOURN MEETING ISSUER YES AGAINST AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Ecolab Inc.
TICKER: ECL CUSIP: 278865100
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR LESLIE S. BILLER ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JERRY A. GRUNDHOFER ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR MICHAEL LARSON ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR VICTORIA J. REICH ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JOHN J. ZILLMER ISSUER YES FOR FOR
PROPOSAL #6: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #7: ELIMINATE SUPERMAJORITY VOTE REQUIREMENT ISSUER YES FOR FOR
PROPOSAL #8: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #9: ADOPT PROXY STATEMENT REPORTING ON SHAREHOLDER YES ABSTAIN AGAINST
POLITICAL CONTRIBUTIONS AND ADVISORY VOTE
PROPOSAL #10: SUBMIT SHAREHOLDER RIGHTS PLAN (POISON SHAREHOLDER YES AGAINST FOR
PILL) TO SHAREHOLDER VOTE
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Emerson Electric Co.
TICKER: EMR CUSIP: 291011104
MEETING DATE: 2/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR C. FERNANDEZ G. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR A.F. GOLDEN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR W.R. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR J.B. MENZER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR A.A. BUSCH, III ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR R.I. RIDGWAY ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: REPORT ON SUSTAINABILITY SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #5: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Energen Corporation
TICKER: EGN CUSIP: 29265N108
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JUDY M. MERRITT ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR STEPHEN A. SNIDER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR GARY C. YOUNGBLOOD ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JAY GRINNEY ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: EOG Resources, Inc.
TICKER: EOG CUSIP: 26875P101
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR GEORGE A. ALCORN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR CHARLES R. CRISP ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JAMES C. DAY ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR MARK G. PAPA ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR H. LEIGHTON STEWARD ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR DONALD F. TEXTOR ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR FRANK G. WISNER ISSUER YES FOR FOR
PROPOSAL #8: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #10: PRO-RATA VESTING OF EQUITY AWARDS SHAREHOLDER YES AGAINST FOR
PROPOSAL #11: ADOPT RETENTION RATIO FOR EXECUTIVES SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Expeditors International of Washington, Inc.
TICKER: EXPD CUSIP: 302130109
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR MARK A. EMMERT ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR R. JORDAN GATES ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DAN P. KOURKOUMELIS ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR MICHAEL J. MALONE ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JOHN W. MEISENBACH ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR PETER J. ROSE ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR JAMES L. K. WANG ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR ROBERT R. WRIGHT ISSUER YES FOR FOR
PROPOSAL #9: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #10: APPROVE STOCK OPTION PLAN ISSUER YES FOR FOR
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Exxon Mobil Corporation
TICKER: XOM CUSIP: 30231G102
MEETING DATE: 5/30/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR M.J. BOSKIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR P. BRABECK-LETMATHE ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR L.R. FAULKNER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR J.S. FISHMAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR H.H. FORE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR K.C. FRAZIER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR W.W. GEORGE ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR S.J. PALMISANO ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR S.S. REINEMUND ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR R.W. TILLERSON ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR E.E. WHITACRE, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
PROPOSAL #5: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES AGAINST FOR
OF DIRECTORS
PROPOSAL #6: REPORT ON POLITICAL CONTRIBUTIONS SHAREHOLDER YES AGAINST FOR
PROPOSAL #7: AMEND EEO POLICY TO PROHIBIT SHAREHOLDER YES AGAINST FOR
DISCRIMINATION BASED ON SEXUAL ORIENTATION AND GENDER
IDENTITY
PROPOSAL #8: REPORT ON HYDRAULIC FRACTURING RISKS TO SHAREHOLDER YES AGAINST FOR
COMPANY
PROPOSAL #9: ADOPT QUANTITATIVE GHG GOALS FOR SHAREHOLDER YES AGAINST FOR
PRODUCTS AND OPERATIONS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: FactSet Research Systems Inc.
TICKER: FDS CUSIP: 303075105
MEETING DATE: 12/13/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBIN A. ABRAMS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL F. DICRISTINA ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WALTER F. SIEBACKER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: INCREASE AUTHORIZED COMMON STOCK ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Family Dollar Stores, Inc.
TICKER: FDO CUSIP: 307000109
MEETING DATE: 1/19/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MARK R. BERNSTEIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR PAMELA L. DAVIES ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR SHARON ALLRED DECKER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR EDWARD C. DOLBY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR GLENN A. EISENBERG ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR EDWARD P. GARDEN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR HOWARD R. LEVINE ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR GEORGE R. MAHONEY, JR. ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR JAMES G. MARTIN ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR HARVEY MORGAN ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR DALE C. POND ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Fastenal Company
TICKER: FAST CUSIP: 311900104
MEETING DATE: 4/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT A. KIERLIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR STEPHEN M. SLAGGIE ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MICHAEL M. GOSTOMSKI ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WILLARD D. OBERTON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MICHAEL J. DOLAN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR REYNE K. WISECUP ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR HUGH L. MILLER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR MICHAEL J. ANCIUS ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR SCOTT A. SATTERLEE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #5: ADOPT MAJORITY VOTING FOR UNCONTESTED ISSUER YES FOR FOR
ELECTION OF DIRECTORS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: First Financial Corporation
TICKER: THFF CUSIP: 320218100
MEETING DATE: 4/18/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR THOMAS T. DINKEL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR NORMAN L. LOWERY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILLIAM J. VOGES ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Franklin Electric Co., Inc.
TICKER: FELE CUSIP: 353514102
MEETING DATE: 5/4/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JEROME D. BRADY ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DAVID M. WATHEN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Franklin Resources, Inc.
TICKER: BEN CUSIP: 354613101
MEETING DATE: 3/14/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR SAMUEL H. ARMACOST ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR CHARLES CROCKER ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JOSEPH R. HARDIMAN ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR CHARLES B. JOHNSON ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR GREGORY E. JOHNSON ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR RUPERT H. JOHNSON, JR. ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR MARK C. PIGOTT ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR CHUTTA RATNATHICAM ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR LAURA STEIN ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR ANNE M. TATLOCK ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR GEOFFREY Y. YANG ISSUER YES FOR FOR
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: General Dynamics Corporation
TICKER: GD CUSIP: 369550108
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR MARY T. BARRA ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR NICHOLAS D. CHABRAJA ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JAMES S. CROWN ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR WILLIAM P. FRICKS ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JAY L. JOHNSON ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR JAMES L. JONES ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR PAUL G. KAMINSKI ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR JOHN M. KEANE ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR LESTER L. LYLES ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR PHEBE N. NOVAKOVIC ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR WILLIAM A. OSBORN ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR ROBERT WALMSLEY ISSUER YES FOR FOR
PROPOSAL #13: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #14: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #15: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #16: REVIEW AND ASSESS HUMAN RIGHTS POLICIES SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #17: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Genuine Parts Company
TICKER: GPC CUSIP: 372460105
MEETING DATE: 4/23/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MARY B. BULLOCK ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR PAUL D. DONAHUE ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JEAN DOUVILLE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS C. GALLAGHER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR GEORGE C. GUYNN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOHN R. HOLDER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JOHN D. JOHNS ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR MICHAEL M.E. JOHNS ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR J. HICKS LANIER ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR ROBERT C. LOUDERMILK, ISSUER YES FOR FOR
JR.
PROPOSAL #1.11: ELECT DIRECTOR WENDY B. NEEDHAM ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR JERRY W. NIX ISSUER YES FOR FOR
PROPOSAL #1.13: ELECT DIRECTOR GARY W. ROLLINS ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Graco Inc.
TICKER: GGG CUSIP: 384109104
MEETING DATE: 4/20/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM J. CARROLL ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.2: ELECT DIRECTOR JACK W. EUGSTER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR R. WILLIAM VAN SANT ISSUER YES WITHHOLD AGAINST
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: AMEND QUALIFIED EMPLOYEE STOCK PURCHASE ISSUER YES FOR FOR
PLAN
PROPOSAL #5: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #6: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES FOR AGAINST
OF DIRECTORS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: H.B. Fuller Company
TICKER: FUL CUSIP: 359694106
MEETING DATE: 4/12/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JULIANA L. CHUGG ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR THOMAS W. HANDLEY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR ALFREDO L. ROVIRA ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: HCC Insurance Holdings, Inc.
TICKER: HCC CUSIP: 404132102
MEETING DATE: 5/23/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR EMMANUEL T. BALLASES ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JUDY C. BOZEMAN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR FRANK J. BRAMANTI ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WALTER M. DUER ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR JAMES C. FLAGG ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR THOMAS M. HAMILTON ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR LESLIE S. HEISZ ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN N. MOLBECK, JR. ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ROBERT A. ROSHOLT ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR J. MIKESELL THOMAS ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR CHRISTOPHER J. B. ISSUER YES FOR FOR
WILLIAMS
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Helmerich & Payne, Inc.
TICKER: HP CUSIP: 423452101
MEETING DATE: 3/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DONALD F. ROBILLARD, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR FRANCIS ROONEY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDWARD B. RUST, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #5: PROVIDE DIRECTORS MAY BE REMOVED FOR ISSUER YES FOR FOR
CAUSE OR WITHOUT CAUSE
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Hormel Foods Corporation
TICKER: HRL CUSIP: 440452100
MEETING DATE: 1/31/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR TERRELL K. CREWS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JEFFREY M. ETTINGER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JODY H. FERAGEN ISSUER �� YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR GLENN S. FORBES ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR STEPHEN M. LACY ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR SUSAN I. MARVIN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR MICHAEL J. MENDES ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN L. MORRISON ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ELSA A. MURANO ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR ROBERT C. NAKASONE ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR SUSAN K. NESTEGARD ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR DAKOTA A. PIPPINS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Illinois Tool Works Inc.
TICKER: ITW CUSIP: 452308109
MEETING DATE: 5/4/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR DANIEL J. BRUTTO ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR SUSAN CROWN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DON H. DAVIS, JR. ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR JAMES W. GRIFFITH ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ROBERT C. MCCORMACK ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ROBERT S. MORRISON ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR JAMES A. SKINNER ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR DAVID B. SMITH, JR. ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR DAVID B. SPEER ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR PAMELA B. STROBEL ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR KEVIN M. WARREN ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR ANRE D. WILLIAMS ISSUER YES FOR FOR
PROPOSAL #13: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #14: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: International Business Machines Corporation
TICKER: IBM CUSIP: 459200101
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ALAIN J.P. BELDA ISSUER YES �� FOR FOR
PROPOSAL #2: ELECT DIRECTOR WILLIAM R. BRODY ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR KENNETH I. CHENAULT ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR MICHAEL L. ESKEW ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DAVID N. FARR ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR SHIRLEY ANN JACKSON ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR ANDREW N. LIVERIS ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR W. JAMES MCNERNEY, JR. ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR JAMES W. OWENS ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR SAMUEL J. PALMISANO ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR VIRGINIA M. ROMETTY ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR JOAN E. SPERO ISSUER YES FOR FOR
PROPOSAL #13: ELECT DIRECTOR SIDNEY TAUREL ISSUER YES FOR FOR
PROPOSAL #14: ELECT DIRECTOR LORENZO H. ZAMBRANO ISSUER YES FOR FOR
PROPOSAL #15: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #16: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #17: PROVIDE FOR CUMULATIVE VOTING SHAREHOLDER YES AGAINST FOR
PROPOSAL #18: REPORT ON POLITICAL CONTRIBUTIONS SHAREHOLDER YES AGAINST FOR
PROPOSAL #19: REPORT ON LOBBYING EXPENSES SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Jack Henry & Associates, Inc.
TICKER: JKHY CUSIP: 426281101
MEETING DATE: 11/17/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JERRY D. HALL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL E. HENRY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MATTHEW C. FLANIGAN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CRAIG R. CURRY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR WESLEY A. BROWN ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR MARLA K. SHEPARD ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JOHN F. PRIM ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: John Wiley & Sons, Inc.
TICKER: JW.A CUSIP: 968223206
MEETING DATE: 9/15/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MARI J. BAKER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR RAYMOND W. MCDANIEL, JR ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILLIAM B. PLUMMER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR KALPANA RAINA ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Lancaster Colony Corporation
TICKER: LANC CUSIP: 513847103
MEETING DATE: 11/21/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT L. FOX ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOHN B. GERLACH, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EDWARD H. JENNINGS ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Linear Technology Corporation
TICKER: LLTC CUSIP: 535678106
MEETING DATE: 11/2/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT H. SWANSON, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LOTHAR MAIER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR ARTHUR C. AGNOS ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOHN J. GORDON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR DAVID S. LEE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR RICHARD M. MOLEY ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR THOMAS S. VOLPE ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR AGAINST
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Lowe's Companies, Inc.
TICKER: LOW CUSIP: 548661107
MEETING DATE: 6/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RAUL ALVAREZ ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DAVID W. BERNAUER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR LEONARD L. BERRY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR PETER C. BROWNING ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD W. DREILING ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DAWN E. HUDSON ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR ROBERT L. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR MARSHALL O. LARSEN ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR RICHARD K. LOCHRIDGE ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR ROBERT A. NIBLOCK ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ERIC C. WISEMAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: AMEND QUALIFIED EMPLOYEE STOCK PURCHASE ISSUER YES FOR FOR
PLAN
PROPOSAL #5: REPORT ON POLITICAL CONTRIBUTIONS SHAREHOLDER YES AGAINST FOR
PROPOSAL #6: SUBMIT SEVERANCE AGREEMENT (CHANGE-IN- SHAREHOLDER YES AGAINST FOR
CONTROL) TO SHAREHOLDER VOTE
PROPOSAL #7: STOCK RETENTION/HOLDING PERIOD SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Matthews International Corporation
TICKER: MATW CUSIP: 577128101
MEETING DATE: 2/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JERRY R. WHITAKER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOSEPH C. BARTOLACCI ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR KATHERINE E. DIETZE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR MORGAN K. O'BRIEN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: McDonald's Corporation
TICKER: MCD CUSIP: 580135101
MEETING DATE: 5/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ROBERT A. ECKERT ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ENRIQUE HERNANDEZ, JR. ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JEANNE P. JACKSON ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR ANDREW J. MCKENNA ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DONALD THOMPSON ISSUER YES FOR FOR
PROPOSAL #6: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #7: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #8: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #9: PROVIDE RIGHT TO CALL SPECIAL MEETING ISSUER YES FOR FOR
PROPOSAL #10: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #11: REPORT ON POLICY RESPONSES TO SHAREHOLDER YES ABSTAIN AGAINST
CHILDREN'S HEALTH CONCERNS AND FAST FOOD
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: McGrath RentCorp
TICKER: MGRC CUSIP: 580589109
MEETING DATE: 6/6/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR WILLIAM J. DAWSON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBERT C. HOOD ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DENNIS C. KAKURES ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ROBERT P. MCGRATH ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.5: ELECT DIRECTOR M. RICHARD SMITH ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DENNIS P. STRADFORD ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR RONALD H. ZECH ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: MDU Resources Group, Inc.
TICKER: MDU CUSIP: 552690109
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR THOMAS EVERIST ISSUER �� YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR KAREN B. FAGG ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR TERRY D. HILDESTAD ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR A. BART HOLADAY ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DENNIS W. JOHNSON ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR THOMAS C. KNUDSON ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR RICHARD H. LEWIS ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR PATRICIA L. MOSS ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR HARRY J. PEARCE ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR JOHN K. WILSON ISSUER YES FOR FOR
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Medtronic, Inc.
TICKER: MDT CUSIP: 585055106
MEETING DATE: 8/25/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: DIRECTOR RICHARD H. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1.2: DIRECTOR DAVID L. CALHOUN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR VICTOR J. DZAU ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR OMAR ISHRAK ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SHIRLEY ANN JACKSON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JAMES T. LENEHAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DENISE M. O'LEARY ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR KENDALL J. POWELL ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ROBERT C. POZEN ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JEAN-PIERRE ROSSO ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR JACK W. SCHULER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Meredith Corporation
TICKER: MDP CUSIP: 589433101
MEETING DATE: 11/9/2011 FOR/AGAINST
PROPOSAL: �� PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PHILIP A. MARINEAU ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ELIZABETH E. TALLETT ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: MGE Energy, Inc.
TICKER: MGEE CUSIP: 55277P104
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN R. NEVIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR GARY J. WOLTER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Mine Safety Appliances Company
TICKER: MSA CUSIP: 602720104
MEETING DATE: 5/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR THOMAS B. HOTOPP ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOHN T. RYAN, III ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS H. WITMER ISSUER YES FOR FOR
PROPOSAL #2: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Murphy Oil Corporation
TICKER: MUR CUSIP: 626717102
MEETING DATE: 5/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR FRANK W. BLUE ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR STEVEN A. COSSE ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR CLAIBORNE P. DEMING ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR ROBERT A. HERMES ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JAMES V. KELLEY ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR WALENTIN MIROSH ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR R. MADISON MURPHY ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR NEAL E. SCHMALE ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR DAVID J.H. SMITH ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR CAROLINE G. THEUS ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR DAVID M. WOOD ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #13: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #14: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #15: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: NACCO Industries, Inc.
TICKER: NC CUSIP: 629579103
MEETING DATE: 5/9/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JOHN P. JUMPER ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DENNIS W. LABARRE ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.3: ELECT DIRECTOR RICHARD DE J. OSBORNE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ALFRED M. RANKIN, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MICHAEL E. SHANNON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR BRITTON T. TAPLIN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DAVID F. TAPLIN ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN F. TURBEN ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR EUGENE WONG ISSUER YES FOR FOR
PROPOSAL #2: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #5: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #6: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: National Fuel Gas Company
TICKER: NFG CUSIP: 636180101
MEETING DATE: 3/8/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PHILIP C. ACKERMAN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR R. DON CASH ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR STEPHEN E. EWING ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #5: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: New Jersey Resources Corporation
TICKER: NJR CUSIP: 646025106
MEETING DATE: 1/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR DONALD L. CORRELL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR M. WILLIAM HOWARD, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR J. TERRY STRANGE ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR GEORGE R. ZOFFINGER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Nordson Corporation
TICKER: NDSN CUSIP: 655663102
MEETING DATE: 2/28/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MICHAEL J. MERRIMAN, JR ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR FRANK M. JAEHNERT ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR ARTHUR L. GEORGE, JR. ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Norfolk Southern Corporation
TICKER: NSC CUSIP: 655844108
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR GERALD L. BALILES ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR ERSKINE B. BOWLES ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ROBERT A. BRADWAY ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR WESLEY G. BUSH ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DANIEL A. CARP ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR KAREN N. HORN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR STEVEN F. LEER ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR MICHAEL D. LOCKHART ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR CHARLES W. MOORMAN, IV ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR J. PAUL REASON ISSUER YES FOR FOR
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Nu Skin Enterprises, Inc.
TICKER: NUS CUSIP: 67018T105
MEETING DATE: 5/21/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR NEVIN N. ANDERSEN ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.2: ELECT DIRECTOR DANIEL W. CAMPBELL ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.3: ELECT DIRECTOR M. TRUMAN HUNT ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ANDREW D. LIPMAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR STEVEN J. LUND ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR PATRICIA A. NEGRON ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.7: ELECT DIRECTOR NEIL H. OFFEN ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.8: ELECT DIRECTOR THOMAS R. PISANO ISSUER YES WITHHOLD AGAINST
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES AGAINST AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Owens & Minor, Inc.
TICKER: OMI CUSIP: 690732102
MEETING DATE: 4/27/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR A. MARSHALL ACUFF, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR J. ALFRED BROADDUS, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR RICHARD E. FOGG ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOHN W. GERDELMAN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR LEMUEL E. LEWIS ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR G. GILMER MINOR, III ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR EDDIE N. MOORE, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JAMES E. ROGERS ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ROBERT C. SLEDD ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR CRAIG R. SMITH ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ANNE MARIE WHITTEMORE ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Parker-Hannifin Corporation
TICKER: PH CUSIP: 701094104
MEETING DATE: 10/26/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT G. BOHN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LINDA S. HARTY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILLIAM E. KASSLING ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ROBERT J. KOHLHEPP ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR KLAUS-PETER MULLER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CANDY M. OBOURN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR JOSEPH M. SCAMINACE ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR WOLFGANG R. SCHMITT ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR AKE SVENSSON ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JAMES L. WAINSCOTT ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR DONALD E. WASHKEWICZ ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #5: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Pentair, Inc.
TICKER: PNR CUSIP: 709631105
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR CHARLES A. HAGGERTY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR RANDALL J. HOGAN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DAVID A. JONES ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: PepsiCo, Inc.
TICKER: PEP CUSIP: 713448108
MEETING DATE: 5/2/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR SHONA L. BROWN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR IAN M. COOK ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR DINA DUBLON ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR VICTOR J. DZAU ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR RAY L. HUNT ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ALBERTO IBARGUEN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR INDRA K. NOOYI ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR SHARON PERCY ROCKEFELLER ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR JAMES J. SCHIRO ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR LLOYD G. TROTTER ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR DANIEL VASELLA ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR ALBERTO WEISSER ISSUER YES FOR FOR
PROPOSAL #13: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #14: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #15: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #16: REPORT ON LOBBYING PAYMENTS AND POLICY SHAREHOLDER YES AGAINST FOR
PROPOSAL #17: ESTABLISH RISK OVERSIGHT COMMITTEE SHAREHOLDER YES AGAINST FOR
PROPOSAL #18: REQUIRE INDEPENDENT BOARD CHAIRMAN SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Polaris Industries Inc.
TICKER: PII CUSIP: 731068102
MEETING DATE: 4/26/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ANNETTE K. CLAYTON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR GREGORY R. PALEN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JOHN P. WIEHOFF �� ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: PPG Industries, Inc.
TICKER: PPG CUSIP: 693506107
MEETING DATE: 4/19/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR CHARLES E. BUNCH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBERT RIPP ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS J. USHER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR DAVID R. WHITWAM ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Praxair, Inc.
TICKER: PX CUSIP: 74005P104
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR STEPHEN F. ANGEL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR OSCAR BERNARDES ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR BRET K. CLAYTON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR NANCE K. DICCIANI ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR EDWARD G. GALANTE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CLAIRE W. GARGALLI ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR IRA D. HALL ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR RAYMOND W. LEBOEUF ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR LARRY D. MCVAY ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR WAYNE T. SMITH ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR ROBERT L. WOOD ISSUER YES FOR FOR
PROPOSAL #2: PROVIDE RIGHT TO CALL SPECIAL MEETING ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: ADOPT PROXY STATEMENT REPORTING ON SHAREHOLDER YES ABSTAIN AGAINST
POLITICAL CONTRIBUTIONS AND ADVISORY VOTE
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Prosperity Bancshares, Inc.
TICKER: PB CUSIP: 743606105
MEETING DATE: 4/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JAMES A. BOULIGNY ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBERT STEELHAMMER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR H.E. TIMANUS, JR. ISSUER YES FOR FOR
PROPOSAL #2: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Questar Corporation
TICKER: STR CUSIP: 748356102
MEETING DATE: 5/10/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR TERESA BECK ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR R. D. CASH ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR LAURENCE M. DOWNES ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR RONALD W. JIBSON ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR GARY G. MICHAEL ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR KEITH O. RATTIE ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR HARRIS H. SIMMONS ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR BRUCE A. WILLIAMSON ISSUER YES FOR FOR
PROPOSAL #9: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #10: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Raven Industries, Inc.
TICKER: RAVN CUSIP: 754212108
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ANTHONY W. BOUR ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR THOMAS S. EVERIST ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARK E. GRIFFIN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR KEVIN T. KIRBY ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MARC E. LEBARON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CYNTHIA H. MILLIGAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DANIEL A. RYKHUS ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: APPROVAL OF AMENDED AND RESTATED BYLAWS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Republic Bancorp, Inc. KY
TICKER: RBCAA CUSIP: 760281204
MEETING DATE: 4/19/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR CRAIG A GREENBERG ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.2: ELECT DIRECTOR MICHAEL T. RUST ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR SANDRA METTS SNOWDEN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR R. WAYNE STRATTON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR SUSAN STOUT TAMME ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR A. SCOTT TRAGER ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR STEVEN E. TRAGER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: RLI Corp.
TICKER: RLI CUSIP: 749607107
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR KAJ AHLMANN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR BARBARA R. ALLEN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JOHN T. BAILY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JORDAN W. GRAHAM ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR GERALD I. LENROW ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CHARLES M. LINKE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR F. LYNN MCPHEETERS ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JONATHAN E. MICHAEL ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ROBERT O. VIETS ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Roper Industries, Inc.
TICKER: ROP CUSIP: 776696106
MEETING DATE: 6/4/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT D. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBERT E. KNOWLING, JR. ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR WILBUR J. PREZZANO ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Ross Stores, Inc.
TICKER: ROST CUSIP: 778296103
MEETING DATE: 5/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MICHAEL BALMUTH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR K. GUNNAR BJORKLUND ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR SHARON D. GARRETT ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES AGAINST FOR
OF DIRECTORS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: SEI Investments Company
TICKER: SEIC CUSIP: 784117103
MEETING DATE: 5/23/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR RICHARD B. LIEB ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR CARMEN V. ROMEO ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR �� FOR
OFFICERS' COMPENSATION
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Sigma-Aldrich Corporation
TICKER: SIAL CUSIP: 826552101
MEETING DATE: 5/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR REBECCA M. BERGMAN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR GEORGE M. CHURCH, PH.D. ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR W. LEE MCCOLLUM ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR AVI M. NASH ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR STEVEN M. PAUL, M.D. ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR J. PEDRO REINHARD ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR RAKESH SACHDEV ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR D. DEAN SPATZ ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR BARRETT A. TOAN ISSUER YES FOR FOR
PROPOSAL #10: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #11: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: SJW Corp.
TICKER: SJW CUSIP: 784305104
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR KATHARINE ARMSTRONG ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR WALTER J. BISHOP ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARK L. CALI ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR DOUGLAS R. KING ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RONALD B. MOSKOVITZ ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR GEORGE E. MOSS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR W. RICHARD ROTH ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR ROBERT A. VAN VALER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: South Jersey Industries, Inc.
TICKER: SJI CUSIP: 838518108
MEETING DATE: 4/20/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR THOMAS A. BRACKEN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR KEITH S. CAMPBELL ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR SHEILA HARTNETT-DEVLIN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR VICTOR A. FORTKIEWICZ ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR EDWARD J. GRAHAM ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR WALTER M. HIGGINS, III ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR SUNITA HOLZER ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOSEPH H. PETROWSKI ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Southside Bancshares, Inc.
TICKER: SBSI CUSIP: 84470P109
MEETING DATE: 5/3/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR HERBERT C. BUIE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR ROBBIE N. EDMONSON ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JOHN R. GARRETT ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JOE NORTON ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: StanCorp Financial Group, Inc.
TICKER: SFG CUSIP: 852891100
MEETING DATE: 5/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR VIRGINIA L. ANDERSON ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR STANLEY R. FALLIS ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ERIC E. PARSONS ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR �� FOR
PROPOSAL #5: AMEND QUALIFIED EMPLOYEE STOCK PURCHASE ISSUER YES FOR FOR
PLAN
PROPOSAL #6: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #7: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Stanley Black & Decker, Inc.
TICKER: SWK CUSIP: 854502101
MEETING DATE: 4/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR PATRICK D. CAMPBELL ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR BENJAMIN H. GRISWOLD, IV ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR EILEEN S. KRAUS ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ROBERT L. RYAN ISSUER YES FOR FOR
PROPOSAL #2: DECLASSIFY THE BOARD OF DIRECTORS ISSUER YES FOR FOR
PROPOSAL #3: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Stepan Company
TICKER: SCL CUSIP: 858586100
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR RANDALL S. DEARTH ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR GREGORY E. LAWTON ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Stryker Corporation
TICKER: SYK CUSIP: 863667101
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR HOWARD E. COX, JR. ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR S.M. DATAR ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR ROCH DOLIVEUX ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR LOUISE L. FRANCESCONI ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR ALLAN C. GOLSTON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR HOWARD L. LANCE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR WILLIAM U. PARFET ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR RONDA E. STRYKER ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADOPT MAJORITY VOTING FOR UNCONTESTED ISSUER YES FOR FOR
ELECTION OF DIRECTORS
PROPOSAL #4: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: T. Rowe Price Group, Inc.
TICKER: TROW CUSIP: 74144T108
MEETING DATE: 4/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR EDWARD C. BERNARD ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JAMES T. BRADY ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR J. ALFRED BROADDUS, JR. ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR DONALD B. HEBB, JR. ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR JAMES A.C. KENNEDY ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ROBERT F. MACLELLAN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR BRIAN C. ROGERS ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR ALFRED SOMMER ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR DWIGHT S. TAYLOR ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR ANNE MARIE WHITTEMORE ISSUER YES FOR FOR
PROPOSAL #11: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #12: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #13: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Target Corporation
TICKER: TGT CUSIP: 87612E106
MEETING DATE: 6/13/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROXANNE S. AUSTIN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR CALVIN DARDEN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARY N. DILLON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR JAMES A. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR MARY E. MINNICK ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR ANNE M. MULCAHY ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DERICA W. RICE ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR STEPHEN W. SANGER ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR GREGG W. STEINHAFEL ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JOHN G. STUMPF ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR SOLOMON D. TRUJILLO ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #4: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #5: REPORT ON ELECTRONICS RECYCLING AND SHAREHOLDER YES ABSTAIN AGAINST
PREVENTING E-WASTE EXPORT
PROPOSAL #6: PROHIBIT POLITICAL CONTRIBUTIONS SHAREHOLDER YES ABSTAIN AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Telephone and Data Systems, Inc.
TICKER: TDS CUSIP: 879433100
MEETING DATE: 11/15/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: AMEND CHARTER TO RECLASSIFY SPECIAL ISSUER YES FOR FOR
COMMON SHARES
PROPOSAL #2: APPROVE RECLASSIFICATION OF SPECIAL ISSUER YES FOR FOR
COMMON SHARES
PROPOSAL #3: AMEND CHARTER TO ADJUST VOTING POWER OF ISSUER YES FOR FOR
SERIES A COMMON SHARES AND COMMON SHARES
PROPOSAL #4: APPROVE ADJUSTMENT OF VOTING POWER OF ISSUER YES FOR FOR
SERIES A COMMON SHARES AND COMMON SHARES
PROPOSAL #5: AMEND CHARTER TO ELIMINATE CERTAIN ISSUER YES FOR FOR
PROVISIONS RELATING TO PREFERRED SHARES AND TRACKING
STOCK
PROPOSAL #6: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #7: AMEND NON-EMPLOYEE DIRECTOR STOCK OPTION ISSUER YES FOR FOR
PLAN
PROPOSAL #8: ADJOURN MEETING ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Telephone and Data Systems, Inc.
TICKER: TDS CUSIP: 879433100
MEETING DATE: 1/13/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: AMEND CHARTER TO RECLASSIFY SPECIAL ISSUER YES FOR FOR
COMMON SHARES
PROPOSAL #2: APPROVE RECLASSIFICATION OF SPECIAL ISSUER YES FOR FOR
COMMON SHARES
PROPOSAL #3: AMEND CHARTER TO ADJUST VOTING POWER OF ISSUER YES FOR FOR
SERIES A COMMON SHARES AND COMMON SHARES
PROPOSAL #4: APPROVE ADJUSTMENT OF VOTING POWER OF ISSUER YES FOR FOR
SERIES A COMMON SHARES AND COMMON SHARES
PROPOSAL #5: AMEND CHARTER TO ELIMINATE CERTAIN ISSUER YES FOR FOR
PROVISIONS RELATING TO PREFERRED SHARES AND TRACKING
STOCK
PROPOSAL #6: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #7: AMEND NON-EMPLOYEE DIRECTOR STOCK OPTION ISSUER YES FOR FOR
PLAN
PROPOSAL #8: ADJOURN MEETING ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Telephone and Data Systems, Inc.
TICKER: TDS CUSIP: 879433829
MEETING DATE: 5/17/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR C.A. DAVIS ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR C.D. O'LEARY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR M.H. SARANOW ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR G.L. SUGARMAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: APPROVE RECAPITALIZATION PLAN FOR ALL SHAREHOLDER YES FOR AGAINST
STOCK TO HAVE ONE-VOTE PER SHARE
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Tennant Company
TICKER: TNC CUSIP: 880345103
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JEFFREY A. BALAGNA ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR STEVEN A. SONNENBERG ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DAVID S. WICHMANN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #4: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Chubb Corporation
TICKER: CB CUSIP: 171232101
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ZOE BAIRD BUDINGER ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR SHEILA P. BURKE ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JAMES I. CASH, JR. ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR JOHN D. FINNEGAN ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR LAWRENCE W. KELLNER ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR MARTIN G. MCGUINN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR LAWRENCE M. SMALL ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR JESS SODERBERG ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR DANIEL E. SOMERS ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR JAMES M. ZIMMERMAN ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR ALFRED W. ZOLLAR ISSUER YES FOR FOR
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #14: ADOPT PROXY STATEMENT REPORTING ON SHAREHOLDER YES AGAINST FOR
POLITICAL CONTRIBUTIONS AND ADVISORY VOTE
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Coca-Cola Company
TICKER: KO CUSIP: 191216100
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR HERBERT A. ALLEN ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR RONALD W. ALLEN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR HOWARD G. BUFFETT ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR RICHARD M. DALEY ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR BARRY DILLER ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR EVAN G. GREENBERG ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR ALEXIS M. HERMAN ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR MUHTAR KENT ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR DONALD R. KEOUGH ISSUER YES FOR�� FOR
PROPOSAL #10: ELECT DIRECTOR ROBERT A. KOTICK ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR MARIA ELENA LAGOMASINO ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR DONALD F. MCHENRY ISSUER YES FOR FOR
PROPOSAL #13: ELECT DIRECTOR SAM NUNN ISSUER YES FOR FOR
PROPOSAL #14: ELECT DIRECTOR JAMES D. ROBINSON, III ISSUER YES FOR FOR
PROPOSAL #15: ELECT DIRECTOR PETER V. UEBERROTH ISSUER YES FOR FOR
PROPOSAL #16: ELECT DIRECTOR JACOB WALLENBERG ISSUER YES FOR FOR
PROPOSAL #17: ELECT DIRECTOR JAMES B. WILLIAMS ISSUER YES FOR FOR
PROPOSAL #18: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #19: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Gorman-Rupp Company
TICKER: GRC CUSIP: 383082104
MEETING DATE: 4/26/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: FIX NUMBER OF DIRECTORS AT EIGHT AND ISSUER YES FOR FOR
ELECT DIRECTOR JAMES C. GORMAN
PROPOSAL #1.2: ELECT DIRECTOR JEFFREY S. GORMAN ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR M. ANN HARLAN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS E. HOAGLIN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR CHRISTOPHER H. LAKE ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR PETER B. LAKE ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR RICK R. TAYLOR ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR W. WAYNE WALSTON ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The J. M. Smucker Company
TICKER: SJM CUSIP: 832696405
MEETING DATE: 8/17/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR VINCENT C. BYRD ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR R. DOUGLAS COWAN ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ELIZABETH VALK LONG ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR MARK T. SMUCKER ISSUER YES FOR FOR
PROPOSAL #5: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #6: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #7: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #8: PREPARE SUSTAINABILITY REPORT SHAREHOLDER YES ABSTAIN AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The McGraw-Hill Companies, Inc.
TICKER: MHP CUSIP: 580645109
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR PEDRO ASPE ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR WINFRIED BISCHOFF ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR WILLIAM D. GREEN ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR LINDA KOCH LORIMER ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR HAROLD MCGRAW, III ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ROBERT P. MCGRAW ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR HILDA OCHOA-BRILLEMBOURG ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR MICHAEL RAKE ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR EDWARD B. RUST, JR. ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR KURT L. SCHMOKE ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR SIDNEY TAUREL ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR RICHARD E. THORNBURGH ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #14: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #15: PROVIDE RIGHT TO ACT BY WRITTEN CONSENT SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Procter & Gamble Company
TICKER: PG CUSIP: 742718109
MEETING DATE: 10/11/2011 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ANGELA F. BRALY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR KENNETH I. CHENAULT ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR SCOTT D. COOK ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR SUSAN DESMOND-HELLMANN ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ROBERT A. MCDONALD ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR W. JAMES MCNERNEY, JR. ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR JOHNATHAN A. RODGERS ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR MARGARET C. WHITMAN ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR MARY AGNES WILDEROTTER ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR PATRICIA A. WOERTZ ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR ERNESTO ZEDILLO ISSUER YES FOR FOR
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #14: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #15: AMEND ARTICLES OF INCORPORATION ISSUER YES FOR FOR
PROPOSAL #16: PROVIDE FOR CUMULATIVE VOTING SHAREHOLDER YES AGAINST FOR
PROPOSAL #17: PHASE OUT USE OF LABORATORY ANIMALS IN SHAREHOLDER YES ABSTAIN AGAINST
PET FOOD PRODUCT TESTING
PROPOSAL #18: REPORT ON POLITICAL CONTRIBUTIONS AND SHAREHOLDER YES ABSTAIN AGAINST
PROVIDE ADVISORY VOTE
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Sherwin-Williams Company
TICKER: SHW CUSIP: 824348106
MEETING DATE: 4/18/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ARTHUR F. ANTON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR CHRISTOPHER M. CONNOR ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR DAVID F. HODNIK ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR THOMAS G. KADIEN ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD J. KRAMER ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR SUSAN J. KROPF ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR A. MALACHI MIXON, III ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR RICHARD K. SMUCKER ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR JOHN M. STROPKI, JR. ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #5: REQUIRE A MAJORITY VOTE FOR THE ELECTION SHAREHOLDER YES AGAINST FOR
OF DIRECTORS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The TJX Companies, Inc.
TICKER: TJX CUSIP: 872540109
MEETING DATE: 6/13/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR ZEIN ABDALLA ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JOSE B. ALVAREZ ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR ALAN M. BENNETT ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR BERNARD CAMMARATA ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR DAVID T. CHING ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR MICHAEL F. HINES ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR AMY B. LANE ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR CAROL MEYROWITZ ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR JOHN F. O'BRIEN ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR WILLOW B. SHIRE ISSUER YES FOR FOR
PROPOSAL #11: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #12: AMEND EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #13: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: The Valspar Corporation
TICKER: VAL CUSIP: 920355104
MEETING DATE: 2/16/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR JACK J. ALLEN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR JOHN S. BODE ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR JEFFREY H. CURLER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Tootsie Roll Industries, Inc.
TICKER: TR CUSIP: 890516107
MEETING DATE: 5/7/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MELVIN J. GORDON ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.2: ELECT DIRECTOR ELLEN R. GORDON ISSUER YES WITHHOLD AGAINST
PROPOSAL #1.3: ELECT DIRECTOR LANA JANE LEWIS-BRENT ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR BARRE A. SEIBERT ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR RICHARD P. BERGEMAN ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Transatlantic Holdings, Inc.
TICKER: TRH CUSIP: 893521104
MEETING DATE: 2/6/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: APPROVE MERGER AGREEMENT ISSUER YES FOR FOR
PROPOSAL #2: ADJOURN MEETING ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE ON GOLDEN PARACHUTES ISSUER YES AGAINST AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: UGI Corporation
TICKER: UGI CUSIP: 902681105
MEETING DATE: 1/19/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR STEPHEN D. BAN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LON R. GREENBERG ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR MARVIN O. SCHLANGER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ANNE POL ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR EARNEST E. JONES ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOHN L. WALSH ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR ROBERT B. VINCENT ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR M. SHAWN PUCCIO ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR RICHARD W. GOCHNAUER ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR FRANK S. HERMANCE ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: UMB Financial Corporation
TICKER: UMBF CUSIP: 902788108
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR NANCY K. BUESE ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR J. MARINER KEMPER ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS D. SANDERS ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR L. JOSHUA SOSLAND ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADOPT A POLICY PROHIBITING DERIVATIVE, SHAREHOLDER YES ABSTAIN AGAINST
SPECULATIVE AND PLEDGING TRANSACTIONS
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: United Technologies Corporation
TICKER: UTX CUSIP: 913017109
MEETING DATE: 4/11/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR LOUIS R. CHENEVERT ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JOHN V. FARACI ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR JEAN-PIERRE GARNIER, PH.D. ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR JAMIE S. GORELICK ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR EDWARD A. KANGAS ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ELLEN J. KULLMAN ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR RICHARD D. MCCORMICK ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR HAROLD MCGRAW, III ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR RICHARD B. MYERS ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR H. PATRICK SWYGERT ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR ANDRÉ VILLENEUVE ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR CHRISTINE TODD WHITMAN ISSUER YES FOR FOR
PROPOSAL #13: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #14: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Valmont Industries, Inc.
TICKER: VMI CUSIP: 920253101
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR GLEN A. BARTON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR DANIEL P. NEARY �� ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR KENNETH E. STINSON ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR CATHERINE JAMES PAGLIA ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: VF Corporation
TICKER: VFC CUSIP: 918204108
MEETING DATE: 4/24/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ROBERT J. HURST ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LAURA W. LANG ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR W. ALAN MCCOLLOUGH ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR RAYMOND G. VIAULT ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #4: DECLASSIFY THE BOARD OF DIRECTORS SHAREHOLDER YES FOR AGAINST
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: W. R. Berkley Corporation
TICKER: WRB CUSIP: 084423102
MEETING DATE: 5/22/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR WILLIAM R. BERKLEY ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR CHRISTOPHER L. AUGOSTINI ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR GEORGE G. DALY ISSUER YES FOR FOR
PROPOSAL #4: APPROVE OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #5: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES AGAINST AGAINST
OFFICERS' COMPENSATION
PROPOSAL #6: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: W.W. Grainger, Inc.
TICKER: GWW CUSIP: 384802104
MEETING DATE: 4/25/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR BRIAN P. ANDERSON ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR WILBUR H. GANTZ ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR V. ANN HAILEY ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR WILLIAM K. HALL ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR STUART L. LEVENICK ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR JOHN W. MCCARTER, JR. ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR NEIL S. NOVICH ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR MICHAEL J. ROBERTS ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR GARY L. ROGERS ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR JAMES T. RYAN ISSUER YES FOR FOR
PROPOSAL #1.11: ELECT DIRECTOR E. SCOTT SANTI ISSUER YES FOR FOR
PROPOSAL #1.12: ELECT DIRECTOR JAMES D. SLAVIK ISSUER YES FOR FOR
PROPOSAL #2: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #3: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Walgreen Co.
TICKER: WAG CUSIP: 931422109
MEETING DATE: 1/11/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR DAVID J. BRAILER ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR STEVEN A. DAVIS ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR WILLIAM C. FOOTE ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR MARK P. FRISSORA ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR GINGER L. GRAHAM ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR ALAN G. MCNALLY ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR NANCY M. SCHLICHTING ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR DAVID Y. SCHWARTZ ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR ALEJANDRO SILVA ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR JAMES A. SKINNER ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR GREGORY D. WASSON ISSUER YES FOR FOR
PROPOSAL #12: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #13: APPROVE EXECUTIVE INCENTIVE BONUS PLAN ISSUER YES FOR FOR
PROPOSAL #14: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #15: ADVISORY VOTE ON SAY ON PAY FREQUENCY ISSUER YES ONE YEAR FOR
PROPOSAL #16: ADOPT RETENTION RATIO FOR EXECUTIVES SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Wal-Mart Stores, Inc.
TICKER: WMT CUSIP: 931142103
MEETING DATE: 6/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1: ELECT DIRECTOR AIDA M. ALVAREZ ISSUER YES FOR FOR
PROPOSAL #2: ELECT DIRECTOR JAMES W. BREYER ISSUER YES FOR FOR
PROPOSAL #3: ELECT DIRECTOR M. MICHELE BURNS ISSUER YES FOR FOR
PROPOSAL #4: ELECT DIRECTOR JAMES I. CASH, JR. ISSUER YES FOR FOR
PROPOSAL #5: ELECT DIRECTOR ROGER C. CORBETT ISSUER YES FOR FOR
PROPOSAL #6: ELECT DIRECTOR DOUGLAS N. DAFT ISSUER YES FOR FOR
PROPOSAL #7: ELECT DIRECTOR MICHAEL T. DUKE ISSUER YES FOR FOR
PROPOSAL #8: ELECT DIRECTOR MARISSA A. MAYER ISSUER YES FOR FOR
PROPOSAL #9: ELECT DIRECTOR GREGORY B. PENNER ISSUER YES FOR FOR
PROPOSAL #10: ELECT DIRECTOR STEVEN S. REINEMUND ISSUER YES FOR FOR
PROPOSAL #11: ELECT DIRECTOR H. LEE SCOTT, JR. ISSUER YES FOR FOR
PROPOSAL #12: ELECT DIRECTOR ARNE M. SORENSON ISSUER YES FOR FOR
PROPOSAL #13: ELECT DIRECTOR JIM C. WALTON ISSUER YES FOR FOR
PROPOSAL #14: ELECT DIRECTOR S. ROBSON WALTON ISSUER YES FOR FOR
PROPOSAL #15: ELECT DIRECTOR CHRISTOPHER J. WILLIAMS ISSUER YES FOR FOR
PROPOSAL #16: ELECT DIRECTOR LINDA S. WOLF ISSUER YES FOR FOR
PROPOSAL #17: RATIFY AUDITORS ISSUER YES FOR FOR
PROPOSAL #18: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #19: REPORT ON POLITICAL CONTRIBUTIONS SHAREHOLDER YES ABSTAIN AGAINST
PROPOSAL #20: REQUEST DIRECTOR NOMINEE WITH PATIENT SHAREHOLDER YES ABSTAIN AGAINST
SAFETY AND HEALTHCARE QUALITY EXPERIENCE
PROPOSAL #21: PERFORMANCE-BASED EQUITY AWARDS SHAREHOLDER YES AGAINST FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: West Pharmaceutical Services, Inc.
TICKER: WST CUSIP: 955306105
MEETING DATE: 5/1/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR MARK A. BUTHMAN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR WILLIAM F. FEEHERY ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR THOMAS W. HOFMANN ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR L. ROBERT JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR PAULA A. JOHNSON ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR DOUGLAS A. MICHELS ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR DONALD E. MOREL, JR. ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR JOHN H. WEILAND ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR ANTHONY WELTERS ISSUER YES FOR FOR
PROPOSAL #1.10: ELECT DIRECTOR PATRICK J. ZENNER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: RATIFY AUDITORS ISSUER YES FOR FOR
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ISSUER: Westamerica Bancorporation
TICKER: WABC CUSIP: 957090103
MEETING DATE: 4/26/2012 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #1.1: ELECT DIRECTOR ETTA ALLEN ISSUER YES FOR FOR
PROPOSAL #1.2: ELECT DIRECTOR LOUIS E. BARTOLINI ISSUER YES FOR FOR
PROPOSAL #1.3: ELECT DIRECTOR E. JOSEPH BOWLER ISSUER YES FOR FOR
PROPOSAL #1.4: ELECT DIRECTOR ARTHUR C. LATNO, JR. ISSUER YES FOR FOR
PROPOSAL #1.5: ELECT DIRECTOR PATRICK D. LYNCH ISSUER YES FOR FOR
PROPOSAL #1.6: ELECT DIRECTOR CATHERINE COPE MACMILLAN ISSUER YES FOR FOR
PROPOSAL #1.7: ELECT DIRECTOR RONALD A. NELSON ISSUER YES FOR FOR
PROPOSAL #1.8: ELECT DIRECTOR DAVID L. PAYNE ISSUER YES FOR FOR
PROPOSAL #1.9: ELECT DIRECTOR EDWARD B. SYLVESTER ISSUER YES FOR FOR
PROPOSAL #2: ADVISORY VOTE TO RATIFY NAMED EXECUTIVE ISSUER YES FOR FOR
OFFICERS' COMPENSATION
PROPOSAL #3: AMEND OMNIBUS STOCK PLAN ISSUER YES FOR FOR
PROPOSAL #4: RATIFY AUDITORS ISSUER YES 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.
VANGUARD SPECIALIZED FUNDS
By: /s/F. William McNabb III
F. William McNabb III*
Chairman and Chief Executive Officer
Date: August 30, 2012
*By: /s/Heidi Stam
Heidi Stam, pursuant to a Power of Attorney filed on March 27, 2012,
see File Number 2-11444. Incorporated by Reference.
