UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
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 Orrell
1536 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, 2010 through June 30, 2011
Item 1. Proxy Voting Record
PROXY SUMMARY 7/01/2010 - 6/30/2011 | ||||||||
ORRELL CAPITAL MANAGEMENT | ||||||||
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company | Did Orrell | How did Orrell | Votes cast for |
or Shareholder | Capital vote? | Capital Vote? | or against Mgt | |||||
Lihir Gold Ltd. | LGL AU | 012440278 | 8/23/2010 | 1. Directors of Lihir Gold Ltd. and Newcrest | Company | Yes | For | For |
Mining Ltd. agreement under which NCM | ||||||||
will acquire all of LGL ordinary shares. | ||||||||
Orrell Capital Management voted for maximum | ||||||||
share to increase the scrip component of their | ||||||||
consideration. | ||||||||
Kinross Gold Corp. | KGC | 496902404 | 9/15/2010 | 1. Resolution by the directors to acquire | Company | Yes | For | For |
Red Back Mining, Inc. | ||||||||
Evolving Gold Corp. | EVG CN | 30050D958 | 9/30/2010 | 1. Elect directors; 2. Appoint BDO | Company | Yes | For | For |
Dunwoody LLP as auditor; 3. Ratify and | ||||||||
approve the continuance of stock option plan; | ||||||||
4. Ratify and approve the adoption of new set | ||||||||
of by-laws for the corporation. | ||||||||
Keegan Resources, Inc. | KGN | 487275109 | 9/30/2010 | 1. Elect directors; 2. Appoint BDO Dunwoody | Company | Yes | For | For |
LLP as auditor; 3. Approve the creation and | ||||||||
attachment of special rights and restrictions to | ||||||||
the preferred shares and the adoption of new | ||||||||
Articles for the Company. | ||||||||
AngloGold Ashanti Ltd. | AU | 035128206 | 10/26/2010 | 1. Approval to the directors to issue up to | Company | Yes | For | For |
18,140,000 ordinary shares for the purpose of | ||||||||
the conversion rights attaching to the | ||||||||
US$789,086,750 6% mandatory convertible | ||||||||
subordinated bonds issued by AngloGold | ||||||||
Ashanti Holdings Finance PLC, a wholly | ||||||||
owned subsidiary of the Company. | ||||||||
Altius Minerals Corp. | ALS CN | 020936100 | 10/27/2010 | 1. Appoint Deloitte & Touche as auditors, | Company | Yes | For | For |
directors to fix remuneration; 2. Fix number of | ||||||||
directors at six; 3. Elect directors; 4. Approve | ||||||||
resolution on an advisory basis accepting | ||||||||
corporation's approach to executive | ||||||||
compensation. | ||||||||
Gold Fields Ltd. | GFI | 38059T106 | 11/2/2010 | 1. Adopt Financial statements; 2 - 6 elect | Company | Yes | For | For |
directors; 7. Placement of ordinary shares | ||||||||
under control of directors; placement of | ||||||||
non-convertible redeemable preference | ||||||||
shares under control of directors; 9. Issuing | ||||||||
equity securities for cash; 10. Termination of | ||||||||
the awarding of rights to non-executive | ||||||||
directors under the Gold Fields 2005 non- | ||||||||
executive share plan; 11. Increase of non- | ||||||||
executive directors' fees; 12. Acquisition of | ||||||||
Company's own shares. | ||||||||
Gold Fields Ltd. | GFI | 38059T106 | 11/2/2010 | 1. Issue ESOP shares to Thusano share trust; | Company | Yes | For | For |
Special Meeting | 2. Issue invictus transformation shares to | |||||||
Invictus; 3. Issue of the South Deep Community | ||||||||
Trust, transformation shares to the South | ||||||||
Deep Community Trust. 4. Granting of financial | ||||||||
assistance by Gold Fields and GFIMSA; | ||||||||
5. Authority to give effect to the above resolutions. | ||||||||
Royal Gold, Inc. | RGLD | 780287108 | 11/17/2010 | 1. Elect William Hayes and James Stuckert | Company | Yes | For | For |
as directors; 2. Proposal to approve amend- | ||||||||
ments to the Company's long-term incentive | ||||||||
plan; 3. Proposal to ratify appointment of | ||||||||
Ernst & Young LLP as auditors. | ||||||||
Argonaut Gold Ltd. | AR CN | 04016A101 | 1/24/2011 | 1. Acquisition of Pediment Minerals. | Company | Yes | For | For |
Special Meeting | ||||||||
Anatolia Minerals | ANO CN | 032900953 | 1/31/2011 | 1.Approve acquisition of Avoca Resources; | Company | Yes | For | For |
Development Ltd. | 2. Amend share option plan and authorize | |||||||
directors to grant options which may be | ||||||||
exercised to purchase up to a maximum of | ||||||||
5% of the issued and outstanding capital of | ||||||||
the corporation; 3. Approve waiver of section | ||||||||
3.1 of shareholders rights plan agreement with | ||||||||
respect to the issuance of common shares of | ||||||||
the corporation in connection with the merger; | ||||||||
4. Approval of changing the name of the | ||||||||
corporation to Alacer Gold Corp. only upon | ||||||||
the completion of the merger. | ||||||||
Grayd Resource Corp. | GYD CN | 388902108 | 2/2/2011 | 1. Set number of directors at 4; 2. Elect directors; | Company | Yes | For | For |
3. Appoint Smythe Ratcliffe LLP as auditors; | ||||||||
directors to fix remuneration; 4. Approve | ||||||||
Company's amended stock option plan; | ||||||||
5. Grant proxyholder to vote on any other | ||||||||
business. | ||||||||
Rainy River | RR CN | 75101R100 | 4/16/2011 | 1. Set number of directors at 7; 2. Elect directors; | Company | Yes | For | For |
Resources Ltd. | 3. Appoint Pricewaterhousecoopers as | |||||||
auditors; 4. Approve continuance of stock | ||||||||
option plan; Approve issuing bonus shares to | ||||||||
Company's vice president and CFO. | ||||||||
Newmont Mining Corp. | NEM | 651639106 | 4/19/2011 | 1. Elect directors; 2. Ratify appointment of | Company | Yes | For | For |
auditors for 2011; 3. Approve resolution | ||||||||
relating to executive compensation; 4. Vote | ||||||||
on frequency stockholders vote on executive | ||||||||
compensation. | ||||||||
Barrick Gold Corp. | ABX | 067901108 | 4/27/2011 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
coopers as auditors and directors set remuner- | ||||||||
ation; 3. Advisory resolution on executive | ||||||||
remuneration. | ||||||||
Torex Gold | TXG CN | 891054108 | 4/27/2011 | 1. Elect directors; 2. Appoint KPMG as auditors; | Company | Yes | For | For |
Resources, Inc. | 3. Ratify and confirm adoption of Company's | |||||||
shareholder rights plan. | ||||||||
Agnico-Eagle Mines Ltd. | AEM | 008474108 | 4/29/2011 | 1. Elect directors; 2. Appoint Ernst & Young as | Company | Yes | For | For |
auditors; 3. Approve amendment regarding stock | ||||||||
option plan; 4. Non-binding resolution regarding | ||||||||
executive compensation. | ||||||||
Argentex Mining Corp. | AGXM | 04012E107 | 4/29/2011 | 1. Elect directors; 2. Appoint Morgan & Co. as | Company | Yes | For | For |
auditors; 3. Approve and adopt agreement and | ||||||||
plan of merger; 4. Approve plan where | ||||||||
Company's jurisdiction will be changed from | ||||||||
state of Nevada to the province of British | ||||||||
Columbia. | ||||||||
Tahoe Resources, Inc. | THO CN | 873868103 | 5/2/2011 | 1. Elect directors; 2. Appoint KPMG as auditors; | Company | Yes | For | For |
3. Ratify and confirm shareholders rights plan. | ||||||||
Randgold Resources Ltd. | GOLD | 752344309 | 5/3/2011 | 1. Receive audited financial statements for | Company | Yes | For | For |
2010; 2. Declare final dividend of $0.20 per | ||||||||
ordinary share; 3. Approve director's financial | ||||||||
report for financial report year ended 2010; | ||||||||
4. Elect directors; 5. Re-appoint BDO as | ||||||||
auditors. | ||||||||
Yamana Gold, Inc. | AUY | 98462Y100 | 5/4/2011 | 1. Elect directors; 2. Appoint Deloitte & Touche | Company | Yes | For | For |
as auditors. | ||||||||
Kinross Gold Corp. | KGC | 496902404 | 5/4/2011 | 1. Elect directors; 2. Appoint KPMG as auditors, | Company | Yes | For | For |
directors to fix remuneration; 3. Resolution to | ||||||||
increase shares reserved for incentive plan | ||||||||
of Company; 4. Resolution to increase | ||||||||
restricted shares from 8,000,000 to 20,000,000; | ||||||||
5. Consider resolution regarding executive | ||||||||
compensation. | ||||||||
Eldorado Gold Corp. | EGO | 284902103 | 5/5/2011 | 1. Elect directors; 2. Appoint KPMG as auditors; | Company | Yes | For | For |
3. Directors to set auditor's remuneration; 4. | ||||||||
Approve stock option plan. | ||||||||
Claude Resources, Inc. | CRJ CN | 182873950 | 5/12/2011 | 1. Elect directors; 2. Appoint KPMG as auditors | Company | Yes | For | For |
and directors to fix remuneration. | ||||||||
Primero Mining Corp. | P CN | 74164W106 | 5/17/2011 | 1. Elect directors; 2. Set number of directors at nine; 3. Appoint Deloitte & Touche as auditor; 4. Approve change in Articles of Company; 5. Approve certain payment of convertible promissory note. | Company | No, because the proxy was received after meeting date. | ||
Primero Mining Corp. | P CN | 74164W106 | 5/17/2011 | 1. Elect directors; 2. Set number of directors at nine; 3. Appoint Deloitte & Touche as auditors; 4. Approve alterations to the Articles of the Company; 5. Approve payment features in a convertible promissory note. | Company | No, because the proxy was received after meeting date. | ||
Goldcorp, Inc. | GG | 380956409 | 5/18/2011 | 1. Elect directors; 2. Appoint Deloitte & Touche | Company | Yes | For 1,2,3,4 | For |
as auditors; 3. Resolution approving restated | Against 5 | |||||||
stock option plan; 4. Resolution to increase | ||||||||
number of directors from 10 to 12; 5. Share- | ||||||||
holder proposal. | ||||||||
Pan American Silver Corp. | PAAS | 697900108 | 5/18/2011 | 1. Elect directors; 2. Reappoint Deloitte & Touche as auditors; 3. Authorize the directors to fix auditor's remuneration; 4. If appropriate, pass resolution approving executive compensation. | Company | Yes | For | For |
Nevsun Resources Ltd. | NSU | 64155L101 | 5/18/2011 | 1. Elect directors; 2. Appoint KPMG as auditors | Company | Yes | For | For |
and authorize directors to fix remuneration. | ||||||||
IAMGOLD Corp. | IAG | 450913108 | 5/18/2011 | 1. Elect directors; 2. Appoint KPMG as auditors | Company | Yes | For | For |
and authorize directors to fix remuneration; | ||||||||
3. Resolution approving Corporation's approach | ||||||||
to executive compensation. | ||||||||
Silver Wheaton Corp. | SLW CN | 828336958 | 5/20/2011 | 1. Elect directors; 2. Appoint Deloite & Touche | Company | Yes | For | For |
as auditors, directors to fix remuneration. | ||||||||
South American Silver Corp. | SAC CN | 836307108 | 5/25/2011 | 1. Elect directors; 2. Appoint Pricewaterhouse- coopers as auditors. | Company | No, because the proxy was received after meeting date. | ||
Alacer Gold Corp. | ASR CN | 010679959 | 6/2/2011 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
coopers as auditor, authorize directors to fix | ||||||||
remuneration; 3. Resolution confirming and | ||||||||
approving the adoption of 2011 restricted stock | ||||||||
option unit plan and adoption of the Australian | ||||||||
non-executive directors stock unit plan. | ||||||||
Sabina Silver Corp. | SBB CN | 785246109 | 6/3/2011 | 1. Determine number of directors at nine; | Company | Yes | For | For |
2. Elect directors; 3. Appoint KPMG LLP as | ||||||||
auditors. | ||||||||
Great Basin Gold Ltd. | GBG | 390124105 | 6/7/2011 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
coopers as auditors; 3. Authorize amendment | ||||||||
of Company's service providers option plan; | ||||||||
4. Ratify and approve service providers option | ||||||||
plan; 5. Authorize incentive payments and | ||||||||
payment of related expenses of $2 million | ||||||||
to secure early exercise of share purchase | ||||||||
warrants. | ||||||||
Sutter Gold Mining, Inc. | SGM CN | 86944A105 | 6/7/2011 | 1. Set number of directors at five; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Devisser Gray as auditor, | ||||||||
directors to fix remuneration; 4. Approve | ||||||||
stock option plan. | ||||||||
B2Gold Corp. | BTO CN | 11777Q209 | 6/10/2011 | 1. Set number of directors at six; 2. Elect directors; | Company | Yes | For | For |
3. Appoint Pricewaterhouscoopers as auditors; | ||||||||
4. Approve option plan resolution; 5. Approve | ||||||||
RSU Plan resolution relating to adoption of | ||||||||
restricted share unit plan. | ||||||||
Avala Resources Ltd. | AVZ CN | 05337B108 | 6/15/2011 | 1. Set number of directors at seven; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Raymond Chabot Grant | ||||||||
Thornton as auditors; 3. Approve new share | ||||||||
option plan. | ||||||||
Gold Fields Ltd. | GFI | 38059T106 | 6/20/2011 | 1. Financial Assistance in terms of Section 45 | Company | Yes | For | For |
of the Act; 2. Approval for the proposed | ||||||||
acquisition; 3. Authority to give effect to the | ||||||||
above resolutions. | ||||||||
San Gold Corp. | SGR CN | 79780P104 | 6/21/2011 | 1. Elect directors; 2. Appoint Scarrow & Donald | Company | Yes | For | For |
as auditors, directors to fix remuneration; | ||||||||
3. Approval of the second amended and re- | ||||||||
stated shareholder rights plan. | ||||||||
Centerra Gold, Inc. | CG CN | 152006102 | 6/23/2011 | 1. Elect directors; 2. Appoint KPMG as auditors, | Company | Yes | For | For |
directors to fix remuneration; 3. Approve | ||||||||
restricted share unit plan. |
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
August 19, 2011