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, 2017 through June 30, 2018
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 |
Royal Gold, Inc. | RGLD | 780287108 | 11/16/2017 | 1. Elect directors; 2. Appoint Ernst & Young as auditors; | Company | Yes | For | For |
3. Proposal to approve advisory resolution relating to | ||||||||
executive compensation; 4. Proposal to approve on an | ||||||||
advisory basis, the preferred frequency of future | ||||||||
votes on executive compensation. | ||||||||
Alamos Gold, Inc. | AGI | 011532108 | 11/16/2017 | 1. To approve the issuance of Alamos shares to | Company | Yes | Against | Against |
shareholders of Richmont. | ||||||||
Richmont Mines, Inc. | RIC | 76547T106 | 11/16/2017 | 1. To pass a special resolution approving the | Company | Yes | For | For |
arrangement between Alamos Gold and | ||||||||
Richmont Mines. | ||||||||
Atlantic Gold Corp. | AGB CN | 04854Q952 | 11/30/2017 | 1. Elect directors; 2. Set number of directors | Company | Yes | For | For |
at 8; 3. Appoint PricewaterhouseCoopers LLP | ||||||||
as auditors; 4. To ratify, confirm and re-approve | ||||||||
stock option plan; 5. Transact such other | ||||||||
business as may come before the meeting. | ||||||||
Newmont Mining Corp. | NEM | 651639106 | 4/25/2018 | 1A-1L. Elect directors; 2. Approve on an advisory | Company | Yes | For | For |
basis named executive officer compensation. | ||||||||
Tahoe Resources, Inc. | TAHO | 873868103 | 5/3/2018 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For 1,2,4,5,6,7 | For 1,2,4,5,6,7, |
auditors; 3. Accept approach to executive | Against 3 | Against 3 | ||||||
compensation; 4. Pass an ordinary resolution | ||||||||
approving an amended and restated share option | ||||||||
and incentive plan; 5. Pass resolution approving | ||||||||
performance award plan; 6. Pass resolution | ||||||||
to amend Company's Articles to increase the | ||||||||
quorum at a meeting of shareholders to two | ||||||||
persons present, not less than 25% proxy. | ||||||||
7. Pass resolution to amend the Company's | ||||||||
Articles to delete provisions relating to | ||||||||
"alternative directors" and amending Notice and | ||||||||
Access. | ||||||||
Randgold Resources Ltd. ADR | GOLD | 752344309 | 5/8/2018 | 1. Receive audited financial statements; 2. Declare company | Yes | For | For | |
a final dividend of $2.00 payable to shareholders | ||||||||
of record date 3/23/18; 3. Approve directors' | ||||||||
remuneration report ; 4. Approve the directors' | ||||||||
remuneration policy; 5-12. Elect and re-elect | ||||||||
directors; 13. Re-appoint BDO LLP as auditors; | ||||||||
14. Authorize the audit committee to determine | ||||||||
remuneration of the auditors; 15. Authorize to | ||||||||
allot shares; 16. Resolve as part of their | ||||||||
fees as directors, each non-executive director | ||||||||
re-elected at the meeting be awarded 1,500 | ||||||||
shares; 17. Resolve that as part of his fee | ||||||||
as senior independent director be awarded 2,000 | ||||||||
shares of the company; 18. To resolve as part | ||||||||
of his fee as Chairman be awarded 2,500 | ||||||||
shares; 19. Approval of the Randgold Resources | ||||||||
long term Incentive Plan; 20. Authority to | ||||||||
disapply pre-emption rights; 21. Authority for | ||||||||
the company to purchase its own ordinary 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 |
Agnico Eagle Mines Ltd. | AEM | 008474108 | 4/27/2018 | 1. Elect directors; 2. Appoint Ernst & | Company | Yes | For 1-4, | For 1-4, |
Young as auditors, directors to fix | Against 5 | Against 5 | ||||||
remuneration; 3. Resolution approving | ||||||||
an amendment to the Company's stock option | ||||||||
plan; 4. Resolution confirming the adoption of the | ||||||||
amended and restated by-laws of the Company; | ||||||||
5. Non-bind resolution accepting the Company's | ||||||||
approach to executive compensation. | ||||||||
Argonaut Gold, Inc. | AR CN | 04016A952 | 5/1/2018 | 1. Elect directors; 2. Appoint Pricewaterhouse | Company | Yes | For | For |
Coopers LLP as auditors; Directors to fix | ||||||||
remuneration; 3. Confirm and authorize the | ||||||||
amended Share incentive plan; 4. Ratification of | ||||||||
the shareholder rights plan. Effective until 2/2021; | ||||||||
5. Have shareholder advisory vote on Corporation's | ||||||||
executive compensation. | ||||||||
Centerra Gold, Inc. | CG CN | 152006953 | 5/1/2018 | 1. Elect directors; 2. Appoint KPMG LLC as | Company | Yes | For | For |
auditors, directors to fix remuneration. | ||||||||
Tahoe Resources, Inc. | TAHO | 873868103 | 5/3/2018 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For 1,2,4,5,6,7 | For 1,2,4,5,6,7 |
auditors; 3. Accept approach to executive | Against 3 | Against 3 | ||||||
compensation; 4. Pass resolution regarding share | ||||||||
incentive plan; 5. Pass resolution approving | ||||||||
performance share award plan; 6. Resolution to | ||||||||
amend Company's articles to increase the | ||||||||
quorum at shareholder's meeting to 2 persons | ||||||||
present or represented by proxy 25% of the | ||||||||
issued shares; 7. Resolution to amend the | ||||||||
Company's articles to delete provisions | ||||||||
relating to "alternate directors, and amending | ||||||||
notice provisions to reference Notice and | ||||||||
Access. | ||||||||
Dundee Precious Metals, Inc. | DPM CN | 265269951 | 5/3/2018 | 1. Elect directors; 2. Appoint Pricewaterhouse | Company | Yes | For 1,2 | For 1,2 |
Coopers LLP as auditors, directors to fix remuneration; | Against 3 | Against 3 | ||||||
3. Resolution accepting Company's approach | ||||||||
to executive compensation. | ||||||||
Alamos Gold, Inc. | AGI | 011532108 | 5/7/2018 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For 1,2 | For 1,2 |
auditors, directors to fix remuneration; | Against 3 | Against 3 | ||||||
3. Resolution to approve company's approach to | ||||||||
executive compensation. | ||||||||
Kinross Gold Corp. | KGC | 496902404 | 5/9/2018 | 1. Elect directors; 2. Appoint KPMG LLP as auditors | Company | Yes | For 1,2,3 | For 1,2,3 |
directors to fix remuneration; 3. Resolution | Against 4 | Against 4 | ||||||
ratifying the adoption of a shareholders rights | ||||||||
plan of agreement between the company and | ||||||||
Computershare Investor Services; 4. If deemed | ||||||||
appropriate, resolution on approach to | ||||||||
executive compensation. | ||||||||
SEMAFO, Inc. | SMF CN | 816922959 | 5/10/2018 | 1. Elect directors; 2. Appoint PricewaterhouseCoopers LLP | Company | Yes | For 1,2 | For 1,2 |
as auditors, directors to fix remuneration; | Against 3 | Against 3 | ||||||
3. Resolution 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 Management |
Wheaton Precious Metals Corp. | WPM CN | 926879953 | 5/10/2018 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For 1,2 | For 1,2 |
auditors, authorize directors to fix remuneration; | Against 3 | Against 3 | ||||||
3. Resolutions regarding executive compensation. | ||||||||
AngloGold Ashanti Ltd. ADR | AU | 035128206 | 5/16/2018 | 1a-1d. Re-election of directors; 2a-2e. Appointment | Company | Yes | For | For |
of Audit and Risk committee; 3. Re-appointment | ||||||||
of Ernst & Young as auditors; 4. Authority | ||||||||
to directors to allot and issue ordinary shares; | ||||||||
5a,b. Separate non-binding advisory endorsement | ||||||||
of remuneration policy and implementation; 6. | ||||||||
Remuneration of non-executive directors; | ||||||||
7. General authority to acquire the company's own | ||||||||
shares; 8. Authority to directors to issue for cash | ||||||||
those shares which the directors are authorized | ||||||||
to allot and issue in terms of resolution 4; | ||||||||
9. Authority to provide financial assistance in | ||||||||
terms of Section 44 and 45 of the Company's Act. | ||||||||
10. Directors' authority to implement special and | ||||||||
ordinary resolutions. (1,,3,4,5,10 Ordinary resolu- | ||||||||
tions. 6,7,8,9 are Special resolutions. | ||||||||
Jaguar Mining, Inc. | JAG CN | 47009M400 | 6/5/2018 | 1. Elect directors; 2. Appoint KPMG, LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration. | ||||||||
Alacer Gold Corp. | ASR CN | 010679959 | 6/7/2018 | 1. Elect directors; 2. Appoint Pricewaterhouse | Company | Yes | For | For |
Coopers LLP as auditors; 3. Resolutions regarding | ||||||||
Company's approach to executive compensation. | ||||||||
B2Gold Corp. | BTO CN | 11777Q951 | 6/8/2018 | 1. Set number of directors at 8; 2. Elect directors; | Company | Yes | For | For |
3. Appoint PricewaterhouseCoopers LLP as auditors, | ||||||||
directors to fix remuneration; 4. Approve the 2015 | ||||||||
stock option plan; 5. Approve the RSU Plan | ||||||||
relating to the amendment of the Corporation's | ||||||||
Restricted Share Unit Plan. | ||||||||
Sutter Gold Mining, Inc. | SGM CN | 86944A956 | 6/13/2018 | 1. Elect directors; 2. Appoint DeVisswe Gray LLP | Company | Yes | For | For |
as auditors, directors to fix remuneration; | ||||||||
3. Confirm company's stock option plan. | ||||||||
Wesdome Gold Mines Ltd. | WDO CN | 95083R951 | 6/11/2018 | 1. Elect directors; 2. Appoint Grant Thornton, LLP | Company | Yes | For | For |
as auditor, directors to fix remuneration. | ||||||||
Endeavour Mining Corp. | EDV CN | G3040R950 | 6/26/2018 | 1. Elect directors; 2. Appoint Deloitte LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; 3. Consider | ||||||||
a non-binding advisory resolution regarding executive | ||||||||
compensation. | ||||||||
Premier Gold Mines Ltd. | PG CN | 74051D955 | 6/27/2018 | 1. Elect directors; 2. Appoint Grant Thornton LLP | Company | Yes | For | For |
as 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
/s/ Gregory M. Orrell |
Gregory M. Orrell
President
July 18, 2018