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, 2015 through June 30, 2016
Item 1. Proxy Voting Record
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting Date | Describe The Matter Voted On | Proposed by Company or Shareholder | | How did Orrell Capital Vote? | Votes cast for or against Mgt |
Sibanye Gold Ltd. ADR | SBGL | 825724206 | 11/18/2015 | S1: Approval for the allotment of Sibanye shares | Company | No, received | | |
| | | | including but not limited to the Consideration | | after voting | | |
| | | | shares. 1. Approval of the transaction as a | | deadline | | |
| | | | category 1; 2. Specific approval and authority | | | | |
| | | | to the Board to allot and issue from the current | | | | |
| | | | and/or any future authorized but unissued | | | | |
| | | | Sibanye shares. | | | | |
| | | | | | | | |
Endeavour Mining Corp. | EDV CN | G3040R950 | 11/105/2015 | 1. Approve the issuance of 177,061,572 of | Company | Yes | For | For |
| | | | ordinary shares of Endeavour to LaMancha | | | | |
| | | | Holding S.Ar.L; 2. Authorize, if Board decides | | | | |
| | | | to do so, within 12 months of the date of | | | | |
| | | | the Resolution, the consolidation of the | | | | |
| | | | authorized, issued and outstanding shares in the | | | | |
| | | | capital of Endeavour on the basis of one-post | | | | |
| | | | consolidation share for every 10 pre-consolidation | | | | |
| | | | shares. | | | | |
| | | | | | | | |
Royal Gold, Inc. | RGLD | 780287108 | 11/11/2015 | 1-1C. Election of Bogden, Jenson and Sokalsky as | Company | Yes | For 1,2,4 | For 1.2.4 |
| | | | directors; 2. Approve appointment of Ernst & | | | Against 3 | Against 3 |
| | | | Young as auditors; 3. Approve Advisory | | | | |
| | | | resolution relating to executive compensation; | | | | |
| | | | 4. Proposal to approve Royal Gold long term | | | | |
| | | | incentive plan. | | | | |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | | How did Orrell Capital Vote? | Votes cast for or against Mgt |
AuRico Metals, Inc. | AMI CN | 05157J959 | 1/15/2016 | 1. To consider and, if deemed advisable, pass | Company | Yes | For | For |
| | | | a resolution to approve the corporation's | | | | |
| | | | proposed shareholder rights plan. | | | | |
| | | | | | | | |
Tahoe Resources, Inc. | TAHO | 873868103 | 3/31/2016 | 1. Resolution to approve the issuance of common | Company | Yes | For | For |
| | | | shares for the purchase of Lake Shore Gold. | | | | |
| | | | | | | | |
AuRico Metals, Inc. | AMI | 05157J959 | 3/31/2016 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
| | | | auditors, directors to set renumeration; | | | | |
| | | | 3. Resolution approving employee share purchase | | | | |
| | | | plan, effective 4/1/2016. | | | | |
| | | | | | | | |
Atlantic Gold Corp. | AGB CN | 04854Q952 | 4/19/2016 | 1. Resolution approving creation of Ryan Beedie | Company | Yes | For | For |
| | | | as a new control person of the company. | | | | |
| | | | | | | | |
Newmont Mining Corp. | NEM | 651639106 | 4/20/2016 | 1-1J. Elect directors; 2. Appointment of registered | Company | Yes | For | For |
| | | | public accounting firm; 3. Approve, on an | | | | |
| | | | advisory basis, named executive officer | | | | |
| | | | compensation. | | | | |
| | | | | | | | |
Endeavour Mining Corp. | EDV CN | G3040R950 | 4/21/2016 | 1. Approve the issuance of 18,945,248 | Company | Yes | For | For |
| | | | common stock; 2. Approve the issuance of | | | | |
| | | | 1,642,736 of common shares to La Mancha | | | | |
| | | | Holding S.Ar.L; 3. Authorize, if and when | | | | |
| | | | the directors resolve to do so, within 12 months | | | | |
| | | | to increase share capital to $30,000,000 | | | | |
| | | | divided into 200,000,000 comon shares and | | | | |
| | | | 100,000,000 undesignated shares. | | | | |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | | How did Orrell Capital Vote? | Votes cast for or against Mgt |
Agnico Eagle Mines Ltd. | AEM | 008474108 | 4/29/2016 | 1. Elect directors; 2. Appoint Ernst & Young | Company | Yes | For | For |
| | | | as auditors, directors to fix remuneration; | | | | |
| | | | 3. Non-binding resolution accepting the | | | | |
| | | | company's approach to executive compensation. | | | | |
| | | | | | | | |
Franco-Nevada Corp. | FNV | 351858105 | 5/4/2016 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
| | | | Coopers LLP, as auditors, directors to fix | | | | |
| | | | remuneration; 3. Acceptance of the corporation's | | | | |
| | | | approach to executive compensation. | | | | |
| | | | | | | | |
Silver Wheaton Corp. | SLW CN | 828336958 | 5/25/2016 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For 1 & 2 | For 1 & 2 |
| | | | auditors, directors to fix remuneration; 3. Non- | | | Against 3 | Against 3 |
| | | | binding advisory resolution accepting the | | | | |
| | | | company's approach to executive compensation. | | | | |
| | | | | | | | |
Argonaut Gold, Inc. | AR CN | 04016A952 | 5/4/2016 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
| | | | Coopers LLP as auditors, directors to fix | | | | |
| | | | remuneration; 3. Confirm and re-authorize the | | | | |
| | | | share incentive plan; 4. To have a shareholder | | | | |
| | | | advisory vote on executive compensation. | | | | |
| | | | | | | | |
Tahoe Resources, Inc. | TAHO | 873868103 | 5/4/2016 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
| | | | auditors; 3. To accept company's approach | | | | |
| | | | to executive compensation. | | | | |
| | | | | | | | |
Goldcorp, Inc. | GG | 380956409 | 4/28/2016 | 1. Elect directors; 2. Appoint Delotte LLP as | Company | Yes | For | For |
| | | | auditors, directors to fix remuneration; 3. Approve | | | | |
| | | | an amendment to the restricted share unit plan | | | | |
| | | | in order to increase the number of common | | | | |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | | How did Orrell Capital Vote? | Votes cast for or against Mgt |
Goldcorp, Inc. | GG | 380956409 | 4/28/2016 | shares issuable to 21,690,276; 4. Non-binding | | | | |
(continued) | | | | resolution accepting the company's approach | | | | |
| | | | to executive compensation. | | | | |
| | | | | | | | |
Dundee Precious Metals, Inc. | DPM CN | 265269951 | 5/5/2016 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
| | | | Coopers LLP as auditors, directors to fix | | | | |
| | | | remuneration; 3. If deemed appropriate, pass a | | | | |
| | | | non-binding resolution accepting company's | | | | |
| | | | approach to executive compensation. | | | | |
| | | | | | | | |
Kinross Gold Corp. | KGC | 496902404 | 5/11/2016 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
| | | | auditors, directors to fix remuneration; 3. If | | | | |
| | | | deemed appropriate, pass an advisory resolution | | | | |
| | | | on company's appoach to executive | | | | |
| | | | compensation. | | | | |
| | | | | | | | |
Cardinal Resources Ltd. | CDV AU | B8866Y1 | 4/27/2016 | 1. Ratification of the issue of 12 cent placement | Company | Yes | For | For |
| | | | shares - Listing Rule 7.1; 2. Ratification of the | | | | |
| | | | issue of 12 cent Placement Shares - Listing Rule | | | | |
| | | | 7.1A; 3. Approval for the issue of 12 cent | | | | |
| | | | placement shares; 4-6. Issue of 12 cent placement | | | | |
| | | | shares to directors Koimtsides, Thomas, Easah; | | | | |
| | | | 7. Ratification of the issue of 10 cent placement | | | | |
| | | | shares - Listing Rule 7.1; 8. Ratification of the | | | | |
| | | | issue of 10 cent placement shares - Listing | | | | |
| | | | Rule 7.1; 9. Ratification of the issue of options | | | | |
| | | | Listing Rule 7.1. | | | | |
| | | | | | | | |
AngloGold Ashanti Ltd. ADR | AU | 035128206 | 5/4/2016 | 1A-D. Re-election of directors; 2. Re-appoint | Company | Yes | For | For |
| | | | Ernst & Young as auditors; 3. A-F. Re-elect | | | | |
| | | | audit and risk committee members; 4. Resolution- | | | | |
| | | | general authority to directors to allot and issue | | | | |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | | How did Orrell Capital Vote? | Votes cast for or against Mgt |
AngloGold Ashanti Ltd. ADR | AU | 035128206 | 5/4/2016 | ordinary shares; 5. Amendments to increase the | | | | |
(continued) | | | | aggregate limit of ordinary shares of Anglo | | | | |
| | | | for the purpose of share incentive schemes; | | | | |
| | | | 6. Amendments to the share incentive schemes; | | | | |
| | | | 7. Approval of non-executive directors | | | | |
| | | | remuneration. | | | | |
| | | | | | | | |
Yamana Gold, Inc. | AUY | 98462Y100 | 5/5/2016 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For 1 & 2 | For 1 & 2 |
| | | | auditors; 3. On an advisory basis accept | | | Against 3 | Against 3 |
| | | | approach to executive compensation. | | | | |
| | | | | | | | |
Richmont Mines, Inc. | RIC | 76547T106 | 5/12/2016 | 1. Elect directors; 2. Appoint auditors, directors | Company | Yes | For | For |
| | | | to fix remuneration. | | | | |
| | | | | | | | |
Alamos Gold, Inc. | AGI | 011532108 | 5/12/2016 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For 1-5 | For 1-5 |
| | | | auditors, directors to fix remuneration; 3. Pass | | | Against 6 | Against 6 |
| | | | resolution to approve long term incentive plan; | | | | |
| | | | 4. If deemed advisable, pass resolution to approve | | | | |
| | | | amended shareholders rights plan; 5. If deemed | | | | |
| | | | advisable, pass resolution to approve amended | | | | |
| | | | By-Law No. 1; 6. Pass resolution on company approach | | | | |
| | | | to executive compensation. | | | | |
| | | �� | | | | | |
Wesdome Gold Mines Ltd. | WDO CN | 95083R951 | 5/17/2016 | 1. Elect directors; 2. Appoint Thornton LLP as | Company | Yes | For | For |
| | | | auditors, directors to fix remuneration. | | | | |
| | | | | | | | |
Gold Fields Ltd. ADR | GFI | 38059T106 | 5/18/2016 | 1. Re-appoint KPMG LLP as auditors; 2A-E. Elect | Company | Yes | For | For |
| | | | directors; 3A-C. Elect audit committee; | | | | |
| | | | 4. Resolved that directors are authorized to | | | | |
| | | | allot and issue or grant options over shares | | | | |
| | | | representing not more than 5% of the | | | | |
| | | | ordinary shares in the issued shares; 5. Approval | | | | |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | | How did Orrell Capital Vote? | Votes cast for or against Mgt |
Gold Fields Ltd. ADR | GFI | 38059T106 | 5/18/2016 | for the issuing of equity securities for cash; | | | | |
(continued) | | | | 6. Approval for the remuneration of non-executive | | | | |
| | | | directors; 7. Approval for the company to | | | | |
| | | | grant inter-financial assistance in terms of | | | | |
| | | | Section 44 and 45 of the ACT; 8. Acquisition of | | | | |
| | | | the company's own shares. | | | | |
| | | | | | | | |
Sibanye Gold Ltd. ADR | SBGL | 825724206 | 5/24/2016 | S1. Approval for the remuneration of | Company | Yes | For | For |
| | | | non-executive directors; S2. Approval of the | | | | |
| | | | company's financial assistance in | | | | |
| | | | terms of Section 44 and 45 of the Act; | | | | |
| | | | S3. Approval of the amendment to the company's | | | | |
| | | | memorandum of incorporation; S4. Approval for | | | | |
| | | | the acquisition of the company's own shares; | | | | |
| | | | 1. Re-appointment of auditors; | | | | |
| | | | 2-6. Re-election of directors; 7-10. Re-election Audit | | | | |
| | | | committee; 11. Approval for the issue of | | | | |
| | | | authorized but unissued ordinary shares; | | | | |
| | | | 12. Issuing equity securities for cash. | | | | |
| | | | | | | | |
Randgold Resources Ltd. ADR | GOLD | 752344309 | 5/3/2016 | 1. Receive audited financial statements, | Company | Yes | For | For |
| | | | director's report and auditors report on the | | | | |
| | | | financial statements; 2. Declare a final dividend | | | | |
| | | | of $0.66 per ordinary share recommended by | | | | |
| | | | directors; 3. Approve the directors' remuneration | | | | |
| | | | report; 4. Directors' remuneration policy; | | | | |
| | | | 5-13. Elect directors; 14. Re-appoint BDO LLP as | | | | |
| | | | auditors; 15. Authorize directors to fix | | | | |
| | | | remuneration of the auditors; 16. Authority to | | | | |
| | | | allot shares; 17. Award of ordinary shares to | | | | |
| | | | non-executive directors other than the senior | | | | |
| | | | independent director and the chairman; | | | | |
Company Name | Company Symbol | CUSIP Number | Shareholder Meeting date | Describe The Matter Voted On | Proposed by Company or Shareholder | | How did Orrell Capital Vote? | Votes cast for or against Mgt |
Randgold Resources Ltd. ADR | GOLD | 752344309 | 5/3/2016 | 18. Award of ordinary shares to independent | | | | |
(continued) | | | | senior director; 19. Award of ordinary shares | | | | |
| | | | to the chairman; 20. Authority to disaply pre- | | | | |
| | | | emption rights; 21. Authority for the company | | | | |
| | | | to purchase its own shares and American | | | | |
| | | | Depository shares. | | | | |
| | | | | | | | |
Silver Standard Resources, Inc. | SSRI | 82823L106 | 5/18/2016 | 1. Elect directors; 2. Set number of directors at 7; | Company | Yes | For | For |
| | | | 3. Appoint PricewaterhouseCoopers LLP as | | | | |
| | | | auditors, directors to set remuneration; 4. Non- | | | | |
| | | | binding resolution accepting the company's | | | | |
| | | | approach to executive compensation; 5. Consider | | | | |
| | | | resolution to approve the issuance common | | | | |
| | | | shares as may be required to be issued by the | | | | |
| | | | arrangement involving the company and Claude | | | | |
| | | | Resources. | | | | |
| | | | | | | | |
Eldorado Gold Corp. | EGO | 284902103 | 5/25/2016 | 1. Elect directors; 2. Appoint KPMG, LLP as | Company | Yes | For | For |
| | | | auditors; 3. Directors to fix the auditor's pay; | | | | |
| | | | 4. Approve resolution supporting the company's | | | | |
| | | | approach to executive compensation; 5. Approve | | | | |
| | | | resolution approving the reduction of capital | | | | |
| | | | account of common shares by using 2.5 billion. | | | | |
| | | | | | | | |
Sutter Gold Mining, inc. | SGM CN | 86944A956 | 6/7/2016 | 1. Elect directors; 2. Appoint Devisser Gray LLP | Company | Yes | For | For |
| | | | as auditor, directors to fix remuneration; | | | | |
| | | | 3. Confirm the company's stock option plan. | | | | |
| | | | | | | | |
Klondex Mines Ltd. | KDX CN | 498696954 | 6/15/2016 | 1. Elect directors; Appoint Pricewaterhouse- | Company | Yes | For | For |
| | | | Coopers LLP as auditors, directors to fix | | | | |
| | | | remuneration; 3. Resolution approving | | | | |
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 |
Klondex Mines Ltd. | KDX CN | 498696954 | 6/15/2016 | the company's share option and restricted share | | | | |
(continued) | | | | plan; 4. Approve company's approach to | | | | |
| | | | executive compensation; 5. Transact further | | | | |
| | | | business. | | | | |
| | | | | | | | |
Asanko Gold, Inc. | AKG CN | 04341Y956 | 6/16/2016 | 1. Set number of directors at 7; 2. Elect directors; | Company | Yes | For | For |
| | | | 3. Appoint KPMG LLP as auditors, directors to | | | | |
| | | | fix remuneration; 4. To consider, if fit to ratify | | | | |
| | | | confirm and approve adoption of the shareholders | | | | |
| | | | rights plan. | | | | |
| | | | | | | | |
Wesdome Gold Mines Ltd. | WDO CN | 95083R951 | 6/14/2016 | 1. Elect directors: 1A. Duncan Middlemiss; | Company | Yes | For 1 | For 1 |
| | | | 1B. Nadine Miller; 1C. Charles Page; 1D. Barry Smith; | | | A,B,D,E, | A,B,D,E, |
| | | | 1E. Rowland Uloth; 1F. Bill Washington; | | | G; against | G; against |
| | | | 1G. Rostislav Raykov; 2. Appoint Grant Thornton | | | 1C, 1F | 1C, 1F |
| | | | LLP as auditor, directors to fix remuneration. | | | | |
| | | | | | | | |
Premier Gold Mines Ltd. | PG CN | 74051D955 | 6/23/2016 | 1. Elect directors; 2. Appoint Grant Thornton LLP | Company | Yes | For | For |
| | | | as auditor, directors to fix remuneration; | | | | |
| | | | 3. Resolution approving unallocated options under | | | | |
| | | | the company's share option plan; 4. Resolution | | | | |
| | | | approving amendments to company's share | | | | |
| | | | incentive plan. | | | | |
| | | | | | | | |
Endeavour Mining Corp. | EDV CN | G3040R950 | 6/28/2016 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
| | | | auditors, directors to fix remuneration. | | | | |
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
Gregory M. Orrell
President
July 18, 2016