UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number 811-04010
OCM Mutual Fund
1536 Holmes Street
Livermore, CA 94550
(Address of principal executive offices)
OCM Mutual Fund
Attn: Greg Orrell1536 Holmes Street
Livermore, CA 94550
(Name and address of agent for service)
Registrant's telephone number, including area code: (925) 455-0802
Date of fiscal year end: November 30
Date of reporting period: July 1, 2007 through June 30, 2008
Item 1. Proxy Voting Record
July 1, 2007 to June 30. 2008 | |||||||||
ORRELL CAPITAL MANAGEMENT, INC. PROXY VOTING SUMMARY |
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
FREEPORT MCMORAN | FCX | 35671D857 | 07/10/2007 | 1.Vote for directors; 2. Appoint Ernst & Young as auditors | Company | Yes | For | For | |
3. Adoption of proposed amendments | |||||||||
to 2006 stock incentive | |||||||||
plan. | |||||||||
Brazauro Resources | BZO | 10575Q106 | 7/30/2007 | 1. Appt. of Morgan & Co. as auditors | Company | Yes | For | For | |
2. Vote for directors; 3. Approve | |||||||||
resolution to amend company's stock | |||||||||
option plan; 4. Approve increase of | |||||||||
shares for stock option plan. | |||||||||
Alhambra Resources | ALH | 015902109 | 7/31/2007 | 1. Fix board of directors at 6 | Company | Yes | For | For | |
2. Elect directors; 3. Appoint KPMG as | |||||||||
auditors; 4. Approve adoption of | |||||||||
stock options plan; 5. Approval and | |||||||||
adoption of resolution re: arrangement | |||||||||
with DOT Resources | |||||||||
Australian Solomons Gold | SGA | Q8271C100 | 9/26/2007 | 1. Private placement issuing 13,044,000 | Company | Abstain | |||
Common share and 6,522,000 common | |||||||||
share purchase warrants | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
Altius Minerals | ALS | 20936100 | 10/31/2007 | 1. Fix number of directors at seven; | Company | Yes | For | For | |
2. Elect directors; 3. Appoint Deloitte & | |||||||||
Touche as auditors. | |||||||||
Gold Fields | GFI | 38059T106 | 11/2/2007 | 1. Adoption of Financial statements | Company | Yes | For | For | |
2. Elect directors; 3. Placement of | |||||||||
shares under control of directors; | |||||||||
3. Issue equity securities for cash; | |||||||||
4. Award rights to non-executive | |||||||||
directors under 2005 non-executive | |||||||||
share plan; 5. Increase of director's fees | |||||||||
5. Placement of non-convertible | |||||||||
redeemable preference shares. | |||||||||
Royal Gold | RGLD | 780287108 | 11/7/2007 | 1. Elect directors; 2. Adopt amendment | Company | Yes | For | For | |
to increase authorized common stock | |||||||||
from 40,000,000 to 100,000,000 shares | |||||||||
3. Appoint Pricewaterhousecoopers as | |||||||||
auditors | |||||||||
Harmony Gold | HMY | 413216300 | 11/26/2007 | 1. Adoption of financial statements | Company | Yes | For | For | |
for 2006/2007; 2. Elect directors; | |||||||||
3. Fix fees of directors; 4. Re-appoint | |||||||||
Pricewaterhousecoopers as auditors; | |||||||||
5. Placing 10% of unissued ordinary | |||||||||
shares under directors' control | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
Australian Solomons Gold | SGA | Q8271C100 | 11/27/2007 | 1. Elect directors; 2. Appoint KPMG as | Company | Yes | For | For | |
auditors; 3. Adopt renumeration report. | |||||||||
Grayd Resource Corp. | GYD | 388902108 | 1/23/2008 | 1. Appoint Smythe Ratcliff as auditors; | Company | Yes | For | For | |
2. Determine number of directors at 4; | |||||||||
3. Elect directors; 4. Approve company | |||||||||
stock option plan; | |||||||||
Capstone Mining | CS | 2759162 | 1/7/2008 | 1. Appoint Davidson & Co. as auditors; | Company | Yes | For | For | |
2. Elect directors; 3. Approve stock | |||||||||
option plan; 4. Approve financials and | |||||||||
contracts, appointments made by | |||||||||
directors since last annual meeting | |||||||||
Maximus Ventures | MXV | 57773B100 | 2/15/2008 | 1. Appoint Raymond Chabot Grant | Company | Yes | For | For | |
Thornton as auditors; 2. Fix number | |||||||||
of directors at six; 3. Elect directors | |||||||||
Birim Goldfields | BGI | 090878109 | 3/31/2008 | 1. Approve amalgamation of the | Company | Yes | For | For | |
corporation and Goldcrest Resources | |||||||||
to form Volta Resources (Amalco); | |||||||||
2. If amalgamation approved, authorize | |||||||||
an increase in number of shares for | |||||||||
stock option plan; 3. If amalgamation | |||||||||
approved, authorize directors of | |||||||||
Amalco to fix number of directors; 4. If | |||||||||
amalgamation approved, confirm new | |||||||||
by-laws for Amalco. | |||||||||
Mundoro Mining | MUN | 626136105 | 4/11/2008 | 1. Appoint Ernst & Young as auditors; | Company | Yes | For | For | |
2. Authorize directors to fix fee of | |||||||||
auditors; 3. Determine number of | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
directors at five; 4. Elect directors; | |||||||||
5. Approve stock option renewal | |||||||||
plan; 6. Approve stock option amend- | |||||||||
ment plan.; Approve the Arrangement | |||||||||
resolution. | |||||||||
Newmont Mining | NEM | 651639106 | 4/23/2008 | 1. Elect directors; 2. ratify appointment | Company | Yes | For 1 & 2 | For | |
of auditors for 2008 3. Stockholder | Stockholder | Against 3&4 | |||||||
proposal to approve majority voting | |||||||||
for election of directors in a non- | |||||||||
contested election if introduced at | |||||||||
meeting; 4. Stockholder proposal | |||||||||
regarding independent board chairman | |||||||||
if introduced at meeting. | |||||||||
Randgold | GOLD | 752344309 | 4/28/2008 | 1. Adoption of the directors' report | Company | Yes | For | For | |
and accounts; 2. Elect directors; 3. | |||||||||
Adoption of report of the remuneration | |||||||||
committee; 4. Approve fees payable to | |||||||||
directors; 5. Re-appoint BDO Stoy | |||||||||
Hayward as auditors; 6. Increase | |||||||||
authorized share capital; 7 Amend | |||||||||
paragraph 4 of Memorandum of | |||||||||
Association; Amend Article 4.1 of | |||||||||
Association; Approve restricted share | |||||||||
scheme. | |||||||||
Guyana Goldfields | GUY | 403530108 | 4/30/2008 | 1. Elect directors; 2. Appoint Smith | Company | Yes | For | For | |
Nixon as auditors | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
El Dorado Gold | ELD | 284902103 | 5/1/2008 | 1. Elect directors; 2. Appoint Price- | Company | Yes | For | For | |
waterhousecoopers as auditors; 3. | |||||||||
directors to fix auditors compensation; | |||||||||
4. Approve res. Re: incentive stock | |||||||||
option plan; 5. Incentive stock option plan | |||||||||
for employees, consultants and advisors; | |||||||||
and directors | |||||||||
Anglogold Ashanti | AU | 035128206 | 5/6/2008 | 1. Adoption of Financial statements; | Company | Yes | For | For | |
2. Elect directors; 3. Authority to | |||||||||
directors to a lot and issue ordinary | |||||||||
shares; 4. Authority to directors to | |||||||||
issue ordinary shares for cash; 5. | |||||||||
Authority for directors to a lot and | |||||||||
issue ordinary shares in terms of | |||||||||
Golden Cycle transaction; 6. General | |||||||||
authority for directors to issue | |||||||||
convertible bonds; 7. Amendment | |||||||||
to the Anglogold Ashanti bonus share | |||||||||
plan; 8. Amendment to company's | |||||||||
Articles of Association; 9. Acquisition | |||||||||
of company's own shares. | |||||||||
Western Goldfields | WGW | 95828P203 | 5/6/2008 | 1. Elect directors; 2. Ratify appointment | Company | Yes | For | For | |
of Pricewaterhouscoopers as auditors | |||||||||
3. Amend company's stock incentive plan. | |||||||||
Barrick Gold | ABX | 067901108 | 5/6/2008 | 1. Elect directors; 2. Approve appt. of | Company | Yes | For 1,2,3 | For | |
Pricewaterhouscoopers as auditors; | Against 4 | ||||||||
3. Replacement of by-law No. 1 of | |||||||||
Barrick; 4. Shareholder res. | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
Kinross | KGC | 496902104 | 5/7/2008 | 1. Elect directors; 2. Approve appt. of | Company | Yes | For | For | |
KPMG as auditors; 3. Increase issuable | |||||||||
shares from 12,833,333 to 22,822,333 | |||||||||
4. Approve restricted share plan | |||||||||
from 4,000,000 to 8,000,000 | |||||||||
Jaguar Mining | JAG | 47009M103 | 5/8/2008 | 1. Elect directors; 2. Re-appoint KPMG | Company | Yes | For | For | |
as auditors | |||||||||
Agnico Eagle | AEM | 008474108 | 5/9/2008 | 1. Elect directors; 2. Appoint Ernst | Company | Yes | For | For | |
and Young as auditors; 3. Approve | |||||||||
amendment to employee share | |||||||||
purchase plan; 4. Approve company's | |||||||||
stock option plan; 5. Adoption of | |||||||||
amended and re-stated by-laws of | |||||||||
the company | |||||||||
Aurizon Mines | AZK | 05155P106 | 5/14/2008 | 1. Fix number of directors at 8; 2 | Company | Yes | For | For | |
Elect directors; 3. Appoint Pricewater- | |||||||||
housecoopers as auditors; 4. Transact | |||||||||
any further business that may come | |||||||||
before the meeting adjourns. | |||||||||
Silver Wheaton | SLW | 828336107 | 5/14/2008 | 1. Elect directors; 2. Appoint Deloitte | Company | Yes | For | For | |
& Touche as auditors; 3. Res. Confirm- | |||||||||
ing a new general by-law for the | |||||||||
company. | |||||||||
Hecla Mining | HL | 422704106 | 5/16/2008 | 1. Elect Directors | Company | Yes | For | For | |
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
Goldcorp | GG | 380956409 | 5/20/2008 | 1. Elect directors; 2. Appoint Deloitte & | Company | Yes | For | For | |
Touche as auditors; 3. Res. Amending | |||||||||
company stock option plan; 3. Res. | |||||||||
approving amendments to company's | |||||||||
restricted share plan; 4. Res. Confirming | |||||||||
a new general by-law for the company | |||||||||
Lihir Gold | LIHR | 532349107 | 5/21/2008 | 1.Receive financial statements and reports; 2. Elect directors; 3. Re-appointment of auditor; 4. Award share rights to managing director. | Company | Yes | For | For | |
IAMGold | IMG | 450913108 | 5/15/2008 | 1. Elect directors; 2. Appoint KPMG as | Company | Yes | For | For | |
auditors | |||||||||
Pan American Silver | PAA | 697900108 | 5/13/2008 | 1. Elect directors; 2. Appoint Deloitte & | Company | Yes | For | For | |
Touche as auditors; 3. Authorize | |||||||||
directors to fix auditors remuneration | |||||||||
4. Approve company's new stock | |||||||||
option plan. | |||||||||
Yamana Gold | AUY | 98462Y100 | 5/14/2008 | 1. Increase number of directors from | Company | Yes | For | For | |
10 to 15; 2. Elect directors; 3. appoint | |||||||||
Deloitte & Touche as auditors; 4. | |||||||||
Adoption of restricted share plan; 5 | |||||||||
Confirmation of new general By-law | |||||||||
Acquiline Resources | AQI | 03839N100 | 5/15/2008 | 1. Elect directors; 2. Appoint Moore | Company | Yes | For | For | |
Stephens Cooper Molyneys as auditors | |||||||||
Anatolia Minerals | ANC | 32900102 | 5/20/2008 | 1. Elect directors; 2. Appoint Price- | Company | Yes | For | For | |
waterhousecoopers as auditors. | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
International Royalty | IRC | 460277106 | 5/21/2008 | 1. Re-appoint Pricewaterhousecoopers | Company | Yes | For | For | |
as auditors; 2. Res. To fix number of | |||||||||
directors at seven; 3. Elect directors; | |||||||||
4. Res. To confirm company's amended | |||||||||
re-stated stock option plan; 5. Res, to | |||||||||
approve company's amended & re- | |||||||||
stated stock option plan | |||||||||
Randgold Resources | GOLD | 752344309 | 5/15/2008 | 1. Res. Adopting Director's report & | Company | Yes | For | For | |
accounts; 2. 3. elect directors; 4.Res. | |||||||||
adopting report of remuneration | |||||||||
committee; 5. approve fees payable to | |||||||||
directors; 6. Re-appoint BDO Stoy | |||||||||
Hayward as auditors; 7a. Increase | |||||||||
authorized share capital; b. Amend | |||||||||
Paragraph 4 of Memorandum of | |||||||||
Association; c. Amend article 4 | |||||||||
of Articles of Association; d. | |||||||||
approve restricted share scheme. | |||||||||
Yukon-Nevada Gold | YNG | 98849Q101 | 5/27/2008 | 1. Appoint KPMG LLP as auditors; | Company | Yes | For | For | |
2. Authorize directors to fix auditor's | |||||||||
remuneration; 3. Determine number of | |||||||||
directors at 8; 4. Elect directors; 5. | |||||||||
Grant authority to vote on any other | |||||||||
business. | |||||||||
Detour Gold | DGC | 250669108 | 5/29/2008 | 1. Elect directors; 2. Appoint McGovern, | Company | Yes | For | For | |
Hurley, Cunningham as auditors and | |||||||||
authorize directors to fix their | |||||||||
remuneration. | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
Anglogold Ashanti Ltd. | AU | 035128206 | 5/22/2008 | Limited Annual Meeting 1. General | Company | Yes | For | For | |
authority to allot and issue shares by | |||||||||
way of renounceable rights offer. | |||||||||
Central Sun Mining | CSM | C124SB400 | 5/29/2008 | 1. Elect directors; 2. Appoint auditors | Company | Yes | For | For | |
and fix remuneration | |||||||||
Mountain Lakes Resources | MLKRF | 62419J103 | 5/30/2008 | 1. Determine number of directors at 5; | Company | Yes | For | For | |
2. Elect directors; 3. Appoint KPMG as | |||||||||
auditors and fix remuneration; 4. Approve | |||||||||
shareholders rights plan. | |||||||||
Freeport McMoran | FCX | 35671D857 | 6/5/2008 | 1. Elect directors; 2. Appoint Ernst & | Company | Yes | For | For | |
Young as auditors; 3. Increase number | |||||||||
of authorized shares to 1,800,000,000. | |||||||||
Sabina Silver Corp | SBB | 785271107 | 6/19/2008 | 1. Elect directors; 2. Appoint Grant | Company | Yes | For | For | |
Thornton as auditor; 3. Approve | |||||||||
company stock option plan | |||||||||
Great Basin Gold | GBN | 390124105 | 6/23/2008 | 1. Elect directors; 2. Appoint Price | Company | Yes | For | For | |
waterhousecoopers as auditor; 3. | |||||||||
Approve company stock option plan | |||||||||
Company Name | Company Ticker Symbol | CUSIP Number | Shareholder Meeting Date | Describe the matters voted on | Proposed by Co. or Security | Did Orrell Capital Vote | How did Orrell Capital Vote? | Vote Cast for or against Management |
Alhambra Resources | ALH | 015902109 | 6/25/2008 | 1. Fix board of directors at 8; 2. Elect | Company | Yes | For | For | |
directors; 3. Appoint KPMG as auditor | |||||||||
and fix remuneration; 4. Approve | |||||||||
stock option plan; 5. Approve share- | |||||||||
holders rights plan. | |||||||||
Amazon Mining | AMZ | G037A0103 | 6/20/2008 | 1. Receive financials; 2. Re-appoint PKF | Company | Yes | For | For | |
as auditors; 3. elect directors; 4. | |||||||||
approve stock option plan. | |||||||||
US Silver Corp. | USA | 90343P101 | 6/25/2008 | 1. Elect directors; 2. Re-appoint Deloitte & Touche as auditors; 3. Approve re-stated stock option plan | Company | Yes | For | For | |
DOT Resources | DOT | 25849B107 | 6/25/2008 | 1. Fix board of directors at 6; 2. Elect | Company | Yes | For | For | |
directors; 3. Appoint KPMG as auditor | |||||||||
and fix remuneration; 4. Approve stock | |||||||||
option plan. | |||||||||
Golden Cycle Gold | GCGC | 380894105 | 6/30/2008 | 1. Approve merger agreement to merge | Company | Yes | For | For | |
with Anglogold Ashanti; 2. Approval | |||||||||
to adjourn special meeting. | |||||||||
San Gold | SGR | 79780P104 | 6/23/2008 | 1. Elect directors; 2. Appoint Scarrow & | Company | Yes | For | For | |
Donald as auditors and fix re- | |||||||||
muneration; 3. Re-approval of | |||||||||
stock option; 4. Approval of re- | |||||||||
stated shareholder rights plan; | |||||||||
5. Approval of employee share | |||||||||
purchase plan; 6. Ratification | |||||||||
of new general by-laws. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and 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.
OCM Mutual Fund
/s/ Gregory M. Orrell |
Gregory M. Orrell
President
July 16, 2008