UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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, 2016 through June 30, 2017
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 Management |
Cardinal Resources Ltd. | CDV AU | B8866Y1 | 8/11/2016 | 1. Ratification of the placement of shares, | Company | Yes | For | For |
(Special Meeting) | Rule 7.1; 2. Ratification of the Placement of | |||||||
shares, rule 1.7A; 3. Approval for the issue of | ||||||||
placement of shares. | ||||||||
Dacian Gold Ltd. | DCN AU | B8N9RJ7 | 10/3/2016 | 1. Discussion of Financial statements and | Company | Yes | For | For |
reports; 2. Adoption of remuneration report; | ||||||||
3-4. Re-election of Robert Reynolds and Ian | ||||||||
Cochrane as directors; 5. Ratification of prior | ||||||||
issue of Equity securities--placement shares; | ||||||||
6. Renewal of Company's proportional take- | ||||||||
over approval provisions; 7. Issue of Equity | ||||||||
securities to director, Rohan Williams. | ||||||||
Royal Gold, Inc. | RGLD | 780287108 | 11/16/2016 | 1A-1B. Election of directors Hayes & Vance; | Company | Yes | For | For |
2. Appoint Ernst & Young as auditors; 3. Approve | ||||||||
advisory resolution relating to executive | ||||||||
compensation; 4. Approve amendment to | ||||||||
increase total of number of authorized shares | ||||||||
from 110,000,000 to 210,000,000 shares. | ||||||||
Cardinal Resources Ltd. | CDV AU | B8866Y1 | 11/7/2016 | 1. Remuneration Report; 2-3. Re-election of | Company | Yes | For | For |
directors Malik Easah and Mark Connelly; | ||||||||
4. Issue of securities; 5. Approval of 10% | ||||||||
placement facility; 6. Re-appointment of | ||||||||
Greenwich & Co. as auditors. | ||||||||
Cardinal Resources Ltd. | CDV AU | B8866Y1 | 8/10/2016 | 1. Ratification of the issue of placement Shares | Company | Yes | For | For |
2. Rule 7.1 2. Ratification of the issue | ||||||||
of placement shares. Rule 7.1A 3. Approval | ||||||||
for the issue of Placement 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 Management |
Atlantic Gold Corp. | AGB CN | 04854Q952 | 11/24/2016 | 1. Set number of directors at eight. 2. Elect | Company | Yes | For | For |
directors; Appoint Pricewaterhousecoopers | ||||||||
LLP as auditors; 3. Authorizing directors to fix | ||||||||
remuneration; 4. Ratify, confirm and approve | ||||||||
rolling stock option plan; 5. Transact | ||||||||
other business as may properly come | ||||||||
before the meeting. | ||||||||
Aqua Metals, Inc. | AQMS | 03837J101 | 12/21/2016 | 1. Elect directors; 2. Appoint Armanino LLP as | Company | Yes | For | For |
auditors. | ||||||||
Newmont Mining Corp. | NEM | 651639106 | 4/20/2016 | 1A-F. Elect directors; 2. Appointment of | Company | Yes | For 1-4 | For 1-4 |
independent Registered Accounting | Against 5 | Against 5 | ||||||
firm; 3. Approve on an advisory basis | ||||||||
named executive officer compensation; | ||||||||
4. Approve frequency of stockholder | ||||||||
vote on executive compensation; | ||||||||
5. Stockholder proposal regarding human | ||||||||
rights risk assessment. | ||||||||
Goldcorp, Inc. | GG | 380956409 | 4/26/2017 | 1. Elect directors; 2. Appoint Deloitte LLP | Company | Yes | For 1-2 | For 1-2 |
as auditors, authorizing directors to | Against 3 | Against 3 | ||||||
fix remuneration. 3. Non-binding resolution | ||||||||
accepting company's approach to | ||||||||
executive remuneration. | ||||||||
Eldorado Gold Corp. | EGO | 284902103 | 4/27/2017 | 1. Elect Directors; 2. Appoint KPMG as | Company | Yes | For | For |
auditors; 3. Authorize directors to fix auditors | ||||||||
pay; 4. Approve resolution supporting | ||||||||
company's approach to executive | ||||||||
compensation on an advisory basis. |
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 Management |
Alacer Gold Corp. | ASR CN | 010679959 | 4/28/2017 | 1. Elect directors; 2. Appoint Pricewaterhouse | Company | Yes | For 1-3 | For 1-3 |
Coopers as auditors; 3. Ordinary resolution | Against 4 | Against 4 | ||||||
ratifying and confirming corporations 2017 | ||||||||
RSU plan authorizing directors to grant | ||||||||
restricted stock units which may be redeemed | ||||||||
as common shares of the corp. up to 5% of | ||||||||
the issued and outstanding common shares of | ||||||||
the corporation; 4. Advisory resolution on | ||||||||
the corp. approach to executive compensation. | ||||||||
Agnico Eagle Mines Ltd. | AEM | 008474108 | 4/28/2017 | 1. Elect directors; 2. Appoint Ernst & Young | Company | Yes | For 1-2 | For 1-2 |
as auditors, directors to fix remuneration; | Against 3 | Against 3 | ||||||
3. Non-binding advisory resolution accepting | ||||||||
company's approach to executive compensation. | ||||||||
Randgold Resources Ltd. ADR | GOLD | 752344309 | 5/2/2017 | 1. Receive audited financial statements; | Company | Yes | For | For |
2. Declare a final dividend of $1.00 payable | ||||||||
March 17,2017; 3. Approve director's | ||||||||
remuneration report; 4. Approve director's | ||||||||
remuneration policy; 5-12. Re-elect directors; | ||||||||
13. Re-appoint BDO LLP as auditors; 14. | ||||||||
Authorize audit committee to determine | ||||||||
remuneration of the auditors; 15. Authority to | ||||||||
allot shares; 16. As part of their fees, each | ||||||||
non-executive director be awarded 1,500 shares | ||||||||
17. Resolve as part of fee senior independent | ||||||||
director be awarded 2,000 shares and to vest on | ||||||||
on date of grant; 18. Resolve as part of his fee | ||||||||
Chairman be awarded 2,500 shares to vest | ||||||||
on date of grant; |
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 Management |
Randgold Resources Ltd. ADR | GOLD | 19. Authority to disapply pre-emption | ||||||
(Continued) | Rights; 20. Authority for the company | |||||||
to purchase its own ordinary shares | ||||||||
and ADSS. | ||||||||
Centerra Gold, Inc. | CG CN | 152006953 | 5/2/2017 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; 3. | ||||||||
Approve corp. amended and restated restricted | ||||||||
share unit plan; 4. Employee share purchase | ||||||||
plan. | ||||||||
Kinross Gold Corp. | KGC | 496902404 | 5/3/2017 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For 1-2 | For 1-2 |
auditors, directors to fix remuneration; 3. Pass | Against 3 | Against 3 | ||||||
an advisory resolution on Kinross' approach | ||||||||
to executive compensation. | ||||||||
Company | Yes | For | For | |||||
Tahoe Resources, Inc. | TAHO | 873868103 | 5/3/2017 | 1. Elect directors; 2. Appoint Deloitte LLP | ||||
as auditors; 3. Resolution that the shareholders | ||||||||
accept the advisory board's approach to | ||||||||
executive compensation. | ||||||||
Yamana Gold, Inc. | AUY | 98462Y100 | 5/4/2017 | 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 | ||||||
the company's approach to executive | ||||||||
compensation. | ||||||||
Franco-Nevada Corp. | FNV | 351858105 | 5/9/2017 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
Coopers LLP as auditors, directors to fix | ||||||||
remuneration; 3. Accept corp. approach to | ||||||||
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 Management |
Argonaut Gold, Inc. | AR CN | 04016A952 | 5/10/2017 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
Coopers LLP as auditors, directors to fix | ||||||||
remuneration; 3. Have shareholder advisory | ||||||||
vote on the corp.'s report on executive | ||||||||
compensation pay. | ||||||||
Silver Wheaton Corp. | SLW CN | 828336107 | 5/10/2017 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Approve special resolution to amend the | ||||||||
Articles of Continuance in order to change | ||||||||
the name Silver Wheaton to Wheaton | ||||||||
Precious Metals Corp; 4. Approve non-binding | ||||||||
resolution re: company's approach to executive | ||||||||
compensation. | ||||||||
AngloGold Ashanti Ltd. ADR | AU | 035128206 | 5/16/2017 | 1-1-1.3, 2. Re-elect and elect directors; | Company | Yes | For | For |
3.1-3.6. Re-appoint members of the audit and risk | ||||||||
committee; 4. Re-appoint Ernst & Young as | ||||||||
auditors of the company; 5. Authority to | ||||||||
directors to allot and issue ordinary shares; | ||||||||
6. Non-binding advisory endorsement of the | ||||||||
Anglogold remuneration policy; 7. Special | ||||||||
resolution 1: Remuneration policy; 8. Special | ||||||||
resolution 2: Authority to acquire the company's | ||||||||
own shares. 9. Special resolution 3: Approval | ||||||||
of the Anglogold limited deferred share plan; | ||||||||
10. Authority to issue ordinary shares | ||||||||
pursuant to the DSP; 11. General authority | ||||||||
to directors to issue for cash those ordinary | ||||||||
shares which the directors are authorized | ||||||||
to allot and issue in terms of ordinary resolution; |
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 Management |
AngloGold Ashanti Ltd. ADR | AU | 12. General authority to provide financial | ||||||
(Continued) | assistance in terms of section 44 and 45 of the | |||||||
company's Act; 13. Amendment of Company | ||||||||
memorandum of incorporation; 14. Director's | ||||||||
authority to implement special and ordinary | ||||||||
resolutions. | ||||||||
Gold Fields Ltd. ADR | GFI | 38059T106 | 5/24/2017 | 1. Re-appoint KPMG as auditors; 2A-2G. | Company | Yes | For | For |
Election of directors; 3A-3E. Election of | ||||||||
Audit committee members; 4. Approval of | ||||||||
authorized but unissued ordinary shares; | ||||||||
S-1. Approval for the conversion of ordinary | ||||||||
par value shares to ordinary no par value | ||||||||
shares; S-2. Approval for the increase in the | ||||||||
authorized share capital; S-3. Approval | ||||||||
for the issuing of equity securities for cash; | ||||||||
S4A. Advisory endorsement of the remuner- | ||||||||
ation policy; S4B. Approval of the remuner- | ||||||||
ation of non-executive directors; S5. Approval | ||||||||
for the company's inter-group financial | ||||||||
assistance in terms of Sections 44 and 45 of | ||||||||
the act; S6. Acquisition of the company's own | ||||||||
shares; S7. Amendments to the existing | ||||||||
memorandum of incorporation. | ||||||||
Klondex Mines Ltd. | KDX CN | 498696954 | 5/4/2017 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
Coopers LLP as auditors, directors to fix | ||||||||
remuneration; 3. Pass resolution re: company's | ||||||||
approach to executive compensation; | ||||||||
4. Conduct a non-binding advisory vote on the | ||||||||
frequency of conducting a non-binding | ||||||||
advisory vote re: 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 Management |
Alamos Gold, Inc. | AGI | 011532108 | 5/11/2017 | 1. Elect directors; 2. Appoint KPMG as auditors, | Company | Yes | For | For |
directors to fix remuneration; 3. If deemed | ||||||||
advisable, pass a resolution to approve an | ||||||||
advisory resolution re: executive compensation. | ||||||||
Asanko Gold, Inc. | AKG CN | 04341Y956 | 6/9/2017 | 1. Set number of directors at 7; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint KPMG LLP as auditors, | ||||||||
directors to fix remuneration; 4. Resolution | ||||||||
approving Company's incentive share option | ||||||||
plan; 5. Resolution approving Company's | ||||||||
share option plan for a further three year | ||||||||
period. | ||||||||
Sutter Gold Mining, inc. | SGM CN | 86944A956 | 6/2/2017 | 1. Elect directors; 2. Appoint Devisser Gray LLP | Company | Yes | For | For |
as auditor, directors to fix remuneration; | ||||||||
3. Confirm Company's stock option plan. | ||||||||
Wesdome Gold Mines Ltd. | WDO CN | 95083R951 | 6/21/2017 | 1. Elect directors; 2. Appoint Grant Thornton | Company | Yes | For | For |
LLP as auditor, directors to fix remuneration | ||||||||
3. Approve adoption of the 2017 Omnibus | ||||||||
Equity incentive plan of Wesdome. | ||||||||
Premier Gold Mines Ltd. | PG CN | 74051D955 | 6/22/2017 | 1. Elect directors; 2. Appoint Grant Thornton | Company | Yes | For | For |
LLP as auditor, directors to fix remuneration. | ||||||||
Jaguar Mining, Inc. | JAG CN | 47009M400 | 6/5/2017 | Did not vote, received proxy after meeting date. | Company | No | ||
Endeavour Mining Corp. | EDV CN | G3040R950 | 6/27/2017 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Approve certain performance share unit and | ||||||||
performance share plan of the Corp. |
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 9, 2017