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
2600 Kitty Hawk Road
Suite 119
Livermore, CA 94551
(Address of principal executive offices)
OCM Mutual Fund
Attn: Greg Orrell
2600 Kitty Hawk Road
Suite 119
Livermore, CA 94551
(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, 2013 through June 30, 2014
Item 1. Proxy Voting Record
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
Amarillo Gold Corp. | AGC CN | 02301T959 | 7/19/2013 | 1. Set number of directors at 6; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint MSCM LLP as auditors; | ||||||||
4. Approve resolution regarding stock option plan. | ||||||||
Sibanye Gold Ltd. ADR | SBGL | 825724206 | 11/5/2013 | 1. Approval for allotment and issue of the | Company | Yes | For | For |
consideration shares; 2. Elect Mr. R.T.L. Chan | ||||||||
as director; 3. Elect Mr. C.D. Chadwick as | ||||||||
director. | ||||||||
Indochine Mining Ltd. | IDC AU | B4522B3 | 11/19/2013 | 2. Adoption of Remuneration report; 3-4. Elect | Company | Yes | For | For |
Dr. Michael Leggo and Mr. Gavan Farley as | ||||||||
directors; 5. Ratification of previous issue | ||||||||
of shares under placement; 6. Approval of | ||||||||
10% placement facility. | ||||||||
Royal Gold, Inc. | RGLD | 780287108 | 11/20/2013 | 1. Elect William Hays & Ronald Vance as | Company | Yes | For | For |
directors; 2. Appoint Ernst & Young as | ||||||||
auditors; 3. Approve advisory resolution | ||||||||
relating to executive compensation. | ||||||||
Kingsgate Consolidated Ltd. | KCN AU | Q5318K103 | 11/26/2013 | 1-2. Re-election of Peter Alexander and Craig | Company | Yes | For 1-4 | For |
Carracher as directors; 3. Approval of | Against 5 | |||||||
remuneration report; 4. Issue of performance | ||||||||
rights to Gavin Thomas; 5. That another | ||||||||
shareholders special meeting be held within | ||||||||
90 days of the company's 2013 annual | ||||||||
meeting. | ||||||||
Newmont Mining Corp. | NEM | 651639106 | 2/25/2014 | 1. Elect directors; 2. Ratify appointment of | Company | Yes | For 1-3 | For 1-3 |
Independent auditors; 3. Approve executive | Against 4 | Against 4 | ||||||
officer compensation; 4. Stockholder proposal | ||||||||
regarding political spending disclosure. |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
New Gold, Inc. | NGD | 644535106 | 4/30/2014 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
auditor, directors to fix remuneration; 3. Res- | ||||||||
olution to approve all unallocated options under | ||||||||
company's stock option plan; 4. Approve an | ||||||||
amendment to the company's long term | ||||||||
incentive plan; 5. Approve non-binding reso- | ||||||||
ution accepting company's approach to | ||||||||
executive compensation. | ||||||||
Eldorado Gold Corp. | EGO | 284902103 | 5/1/2014 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditor; 3. Authorize directors to set auditor's | ||||||||
pay; 4. Approve repeal of bylaw number 1 | ||||||||
and adoption of new bylaw number 1; 5. Approve | ||||||||
amendments eliminating class of convertible | ||||||||
non-voting shares; 6. Approve re-stated | ||||||||
stock option plan for officers and directors; | ||||||||
7. Approve re-stated stock option plan for | ||||||||
employees, consultants and advisors; | ||||||||
8. Approve resolution adopting the new | ||||||||
performance share unit plan. | ||||||||
Goldcorp, Inc. | GG | 380956409 | 5/1/2014 | A. Elect directors; B. Appoint Deloitte LLP as | Company | Yes | For | For |
auditor and authorize directors to fix | ||||||||
remuneration; C. Resolution approving amend- | ||||||||
ments to the restricted stock option plan; | ||||||||
D. Resolution approving amendment to the | ||||||||
company's stock option plan; E. Non-binding | ||||||||
resolution approving amendment to | ||||||||
executive compensation. |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
Barrick Gold Corp. | ABX | 067901108 | 4/30/2014 | 1. Elect directors; 2. Appoint Pricewaterhouse | Company | Yes | For | For |
LLP as auditors, directors to fix remuneration; | ||||||||
3. Advisory resolution on executive compen- | ||||||||
sation; 4. Resolution confirming bylaw number 2. | ||||||||
Agnico-Eagle Mines Ltd. | AEM | 008474108 | 5/2/2014 | 1. Elect directors; 2. Appoint Ernst & Young LLP | Company | Yes | For | For |
as auditors, authorize directors to fix | ||||||||
remuneration; 3. Resolution approving an | ||||||||
amendment to the company's incentive share | ||||||||
purchase plan; 4. Non-binding advisory reso- | ||||||||
lution accepting company's approach to | ||||||||
executive compensation. | ||||||||
Randgold Resources Ltd. | GOLD | 752344309 | 5/6/2014 | 1. Receive audited financial statements and | Company | Yes | For | For |
ADR | directors' reports; 2. Declare a final dividend | |||||||
of $0.50 per ordinary share recommended by | ||||||||
the directors; 3. Approve the directors' report | ||||||||
for financial year ended 12/31/13; 4. Approve | ||||||||
directors' remuneration policy report; 5-13. Re- | ||||||||
elect directors; 14. Re-appoint BDO LLP as | ||||||||
auditor; 15. Directors to fix remuneration of | ||||||||
auditors; 16. Increase authorized share | ||||||||
capital of company; 17. Authority to allot shares | ||||||||
and grant rights to subscribe for or convert | ||||||||
any security into shares; 18. Awards of shares | ||||||||
to non-executive directors; 19. Variation of | ||||||||
directors powers under the articles of | ||||||||
association; 20. Authority to disapply pre- | ||||||||
emptive rights; 21. Authority for the company | ||||||||
to purchase its own ordinary shares; | ||||||||
22. Articles of Association; 23. Scrip dividend; | ||||||||
24. Electronic communications. |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
Wesdome Gold Mines Ltd. | WDO CN | 95083R951 | 5/6/2014 | 1. Election of directors; 2. Appoint Grant | Company | Yes | For | For |
Thornton LLP as auditor, audit committee to fix | ||||||||
remuneration; 3. Approve the advance notice | ||||||||
bylaw of the corporation; 4. Approve new | ||||||||
rolling 10% stock option plan; 5. Approve | ||||||||
amendment to the corporation's fixed stock | ||||||||
option plan, increasing the fixed number of | ||||||||
stock option shares. | ||||||||
Argonaut Gold Ltd. | AR CN | 04016A952 | 5/6/2014 | 1. Election of directors; 2. Appoint Price- | Company | Yes | For | For |
waterhousecoopers LLP as auditors, | ||||||||
authorize directors to fix remuneration. | ||||||||
Kinross Gold Corp. | KGC | 496902404 | 5/8/2014 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Resolution amending stock option plan; | ||||||||
4. Resolution amending Kinross' restricted share | ||||||||
plan by increasing number of shares and | ||||||||
request that settlement of RSUS vesting in 2014 | ||||||||
be in cash instead of shares; 5. Resolution regarding | ||||||||
executive compensation. | ||||||||
Yamana Gold, Inc. | AUY | 98462Y100 | 4/30/2014 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
auditors; 3. Resolution to approve the new | ||||||||
bylaw number 1; 4. Resolution to accept | ||||||||
company's approach to executive compen- | ||||||||
sation. | ||||||||
Mandalay Resources Corp. | MND CN | 562568956 | 5/6/2014 | 1. Set number of directors at 6; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Deloitte LLP as auditor, | ||||||||
directors to fix remuneration; 4. Resolution to | ||||||||
adopt stock option plan. |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
Silver Wheaton Corp. | SLW CN | 828336958 | 5/9/2014 | A. Elect directors; B. Appoint Deloitte LLP as | Company | Yes | For | For |
auditors, directors to fix their remuneration; | ||||||||
C. Resolution accepting company's approach | ||||||||
to executive compensation; D. Resolution approving | ||||||||
share option plan; E. Resolution confirming the | ||||||||
adoption of the bylaw regarding requirements for | ||||||||
the nomination of directors; F. Resolution to bylaws | ||||||||
to increase quorum at meeting of shareholders | ||||||||
from 10% to 25%; G. Resolution to modernize and | ||||||||
enhance notice and signature provisions. | ||||||||
Dundee Precious Metals, | DPM CN | 265269951 | 5/7/2014 | 1. Elect directors; 2. Appoint Pricewaterhouse | Company | Yes | For | For |
Inc. | LLP as auditors, directors to fix their remuner- | |||||||
ation; 3. To pass amendments to bylaws to | ||||||||
increase quorum requirements for meetings | ||||||||
of shareholders and add an advance | ||||||||
provision for nomination of directors. | ||||||||
Tahoe Resources, Inc. | THO CN | 873868954 | 5/8/2014 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
TAHO | 873868103 | auditors; 3. Approve resolution regarding | ||||||
shareholder rights plan. | ||||||||
Centerra Gold, Inc. | CG CN | 152006953 | 5/8/2014 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For 1-3 | For |
auditors, directors to fix their remuneration; | Abstain #4 | |||||||
3. Approve amendments to bylaw number 2; | ||||||||
4. Vote at the discretion of the proxyholder | ||||||||
variations of the bylaw number 2 and on any other | ||||||||
matters which come before the meeting. | ||||||||
Franco-Nevada Corp. | FNV | 351858105 | 5/7/2014 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
FNV CN | 351858956 | coopers LLP as auditors, directors to fix their | ||||||
remuneration; 3. Accept company's approach | ||||||||
to executive compensation. |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
IAMGOLD Corp. | IAG | 450913108 | 5/7/2014 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix their remuneration; | 1. | 1. | ||||||
3. Accept company's approach to executive | Withhold | Withhold | ||||||
compensation; 4. Amendments to the share | for | for | ||||||
incentive plan of the corporation be approved. | S.J. Letwin | S.J. Letwin | ||||||
AngloGold Ashanti Ltd. | AU | 035128206 | 5/14/2014 | 1. Appoint Ernst & Young as auditors; 2-4. Elect | Company | Yes | For | For |
ADR | 3 directors; 4-8. Appointment of audit committee; | |||||||
9. Authority to directors to allot and issue | ||||||||
ordinary shares; 10. Non-binding advisory | ||||||||
endorsement of the Anglo remuneration policy; | ||||||||
11. General authority to directors to issue | ||||||||
for cash ordinary shares in terms of resolution | ||||||||
number 9; 12. Approval of non-executive remuneration for directors; 13. Approval of | ||||||||
non-executive remuneration for board meetings; | ||||||||
14. Amendment of company's memorandum of | ||||||||
incorporation; 15. Amendment of long-term incentive | ||||||||
plan; 16. Amendment of bonus share plan; | ||||||||
17. Authority to acquire company's own shares; | ||||||||
18. Approval for company to grant financial | ||||||||
assistance regarding section 44 and 45 of the | ||||||||
Company's Act; 19. Election of Mr. Hodgson | ||||||||
as director. | ||||||||
AuRico Gold, Inc. | AUQ | 05155C105 | 5/9/2014 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Resolution confirming company's advance | ||||||||
notice bylaw; 4. Resolution ratifying amend- | ||||||||
ments to company's bylaw number 1; 5. Resolution | ||||||||
ratifying company's restated employee | ||||||||
share purchase plan and replenish common | ||||||||
shares reserved for issuance; 6. Resolution accepting | ||||||||
company's approach to executive compensation. |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
Alamos Gold, Inc. | AGI | 011527108 | 5/28/2014 | 1.Set number of directors at 6; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Ernst & Young LLP as | ||||||||
auditors, directors to set remuneration. | ||||||||
Fortuna Silver Mines, Inc. | FVI CN | 349915959 | 6/19/2014 | 1.Set number of directors at 7; 2-8. Elect | Company | Yes | For #1-10 | For |
directors; 9. Appoint Deloitte LLP as auditors, | Abstain | |||||||
directors to fix their remuneration; 10. Ratify | #11 | |||||||
adoption of company's advance notice policy; | ||||||||
11. Transact business that may properly come | ||||||||
before the meeting. | ||||||||
Sutter Gold Mining, Inc. | SGM CN | 86944A956 | 6/11/2014 | 1. Elect directors; 2. Appoint Devisser Gray LLP | Company | Yes | For | For |
as auditors; 3. Authorize directors to determine | ||||||||
remuneration; 4. Confirm company's stock | ||||||||
option plan. | ||||||||
B2Gold Corp. | BTO CN | 11777Q951 | 6/13/2014 | 1. Set number of directors at 9; 2. Elect | Company | Yes | For 1,2,3,6 | For 1,2,3,6 |
directors; 3. Appoint Pricewaterhouse- | Against | Against | ||||||
coopers LLP as auditors, directors to fix | 4,5 | 4,5 | ||||||
remuneration; 4. Approve option plan; | ||||||||
5. Approve RSU plan relating to amendment of | ||||||||
the RSU plan; 6. Approve advance notice | ||||||||
policy resolution. | ||||||||
Sibanye Gold Ltd. ADR | SBGL | 825724206 | 6/17/2014 | 1. Re-appointment of auditors; 2-6. Elect | Company | Yes | For | For |
directors; 7-10. Re-elect members of audit | ||||||||
committee; 11. Approval for issue of | ||||||||
authorized but unissued shares; | ||||||||
12. Advisory endorsements of: remuneration | ||||||||
policy for non-executive directors, grant | ||||||||
financial assistance regarding section 44 and 45 | ||||||||
of the act, acquisition of company's own | ||||||||
shares. |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | Did Orrell Capital vote? | How did Orrell Capital vote? | Votes cast for or against Mgt |
Sabina Silver Corp. | SBB CN | 785246950 | 6/12/2014 | 1. Determine number of directors at 10; | Company | Yes | For | For |
2. Elect directors; 3. Appoint KPMG LLP as | ||||||||
auditors. | ||||||||
Endeavour Mining Corp. | EDV CN | G3040R950 | 6/19/2014 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
auditors, remuneration to be fixed by | ||||||||
directors. | ||||||||
MAG Silver Corp. | MAG CN | 55903Q955 | 6/24/2014 | 1. Set number of directors at 7; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Deloitte LLP as auditor, | ||||||||
directors to fix their remuneration; 4. Approve | ||||||||
re-stated stock option plan; 5. Approve share | ||||||||
unit plan; 6. Approve director's deferred 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 27, 2014