UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number: 811-04704
Primary Trend Fund, Inc.
(Exact name of registrant as specified in charter)
700 North Water Street, Milwaukee, Wisconsin, 53202
(Address of principal executive offices) (Zip code)
Arnold Investment Counsel, Inc., 700 North Water Street, Milwaukee, Wisconsin, 53202
(Name and address of agent for service)
Registrant's telephone number, including area code:
(414) 271-2726
Date of fiscal year end:
June 30
Date of reporting period:
July 1, 2007 - June 30, 2008
Item 1. Proxy Voting Record
PROXY VOTING RECORD | ||||
Name of Fund: | The Primary Trend Fund | |||
Period: | July 1, 2007 - June 30, 2008 | |||
Company Name | Meeting Date | Shares Voted | CUSIP | Ticker |
Mylan Laboratories | 7/27/07 | 10,000 | 628530107 | MYL |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 10 Nominees | Issuer | |
For | For | 2. Ratify appointment of Deloitte Touche LLP as independent registered public accounting firm | Issuer | |
Del Monte Foods Company | 9/27/07 | 30,000 | 24522P103 | DLM |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.-3c. DIRECTORS/All 3 Nominees | Issuer | |
For | For | 2. To approve the amendment and restatement of the Del Monte Foods Company 2002 stock incentive plan | Issuer | |
For | For | 3. To ratify the appointment of KPMG LLP, an independent registered public accounting firm, as Del Monte Foods Company's independent auditors for its fiscal year ending April 27, 2008 | Issuer | |
The Marcus Corporation | 10/16/07 | 25,000 | 566330106 | MCS |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 10 Nominees | Issuer | |
Microsoft Corporation | 11/13/07 | 28,000 | 594918104 | MSFT |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1A-1J. DIRECTORS/All 10 Nominees | Issuer | |
For | For | 2. Ratification of the selection of Deloitte & Touche LLP as the Company's independent auditor | Issuer | |
Against | Against | 3. Shareholder Proposal: Adoption of policies on Internet censorship | Shareholder | |
Against | Against | 4. Shareholder Proposal: Establishment of board committee on human rights | Shareholder | |
Micron Technology, Inc. | 12/4/07 | 30,000 | 595112103 | MU |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 7 Nominees | Issuer | |
For | For | 2. Proposal by the Company to approve the Company's 2007 Equity Incentive Plan with 30,000,000 shares reserved for issuance thereunder | Issuer | |
For | For | 3. Proposal by the Company to ratify the appointment of PriceWaterhouse Coopers LLP as the Company's independent registered public accounting firm for the fiscal year ending August 28, 2008 | Issuer | |
D.R. Horton, Inc. | 1/31/08 | 35,000 | 23331A109 | DHI |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 8 Nominees | Issuer | |
For | For | 2. Approve an amendment and restatement of the amended and restated 2000 Incentive Bonus Plan with respect to current and future covered employees (determined under Section 162(M) of the Internal Revenue Code of 1986, as amended) and other participants | Issuer | |
For | For | 3. Approve the 2008 Performance Unit Plan with respect to current and future covered employees (determined under Section 162(M) of the internal Revenue Code of 1986, as amended) and other participants | Issuer | |
Against | Against | 4. Vote on a stockholder proposal concerning a pay-for-superior-performance standard for executive compensation | Shareholder | |
For | For | 5. Conduct other business properly brought before the meeting | Issuer | |
ADC Telecommunications | 1/8/08 | 35,000 | 000886309 | ADCT |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 3 Nominees | Issuer | |
For | For | 2. Approve the 2008 Global Stock Incentive Plan | Issuer | |
For | For | 3. Ratify the appointment of Ernst & Young LLP as ADC's independent registered public accounting firm for ADC's fiscal year ending October 31, 2008 | Issuer | |
Toll Brothers, Inc. | 3/12/08 | 15,000 | 889478103 | TOL |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 3 Nominees | Issuer | |
For | For | 2. Approval of the Toll Brothers, Inc CEO cash bonus plan | Issuer | |
For | For | 3. Approval of an amendment to the Toll Brothers, Inc. stock incentive plan for employees (2007) | Issuer | |
For | For | 4. Approval of an amendment to the Toll Brothers, Inc. stock incentive plan for non-employee directors (2007) | Issuer | |
For | For | 5. Approval of plan amendments to authorize a stock option exchange program for employees other than executive officers and directors | Issuer | |
For | For | 6. Ratification of the re-appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the 2008 fiscal year. | Issuer | |
United Technologies Corp. | 4/9/08 | 6,000 | 913017109 | UTX |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 12 Nominees | Issuer | |
For | For | 2. Appointment of independent auditors | Issuer | |
For | For | 3. Approval of amendment to the 2005 long-term incentive plan | Issuer | |
Against | Against | 4. Shareowner proposal: Principles for health care reform | Shareholder | |
Against | Against | 5. Shareowner proposal: Global set of corporate standards | Shareholder | |
Against | Against | 6. Shareowner proposal: Pay for superior performance | Shareholder | |
Against | Against | 7. Shareowner proposal: Offsets for foreign military sales | Shareholder | |
KB Home | 4/3/08 | 23,000 | 48666K109 | KBH |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.- 1c. DIRECTORS/All 3 Nominees | Issuer | |
For | For | 2. Ratify the appointment of Ernst & Young LLP as KB Home's independent registered public accounting firm for the fiscal year ending November 30, 2008 | Issuer | |
Against | Against | 3. Stockholder Proposal relating to executive compensation | Shareholder | |
Against | Against | 4. Stockholder proposal relating to stockholder approval of severance agreements | Shareholder | |
BP, plc | 4/17/08 | 5,998 | 055622104 | BP |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 14 Nominees | Issuer | |
For | For | 2. To receive the directors' annual report and accounts | Issuer | |
For | For | 3. Approve the directors' remuneration report | Issuer | |
For | For | 17. Re-appoint Ernst & Young as auditors and authorize the board to set their remuneration | Issuer | |
For | For | S18. Special resolution to adopt new articles of association | Issuer | |
For | For | S19. Special resolution: To give limited authority for the purchase of its own shares by the company | Issuer | |
For | For | 20. To give limited authority to allot shares up to a specified amount | Issuer | |
For | For | S21. Special resolution: To give authority to allot a limited number of shares for cash free of pre-emptive rights | Issuer | |
General Electric | 4/23/08 | 23,000 | 369604103 | GE |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | A1 -16. DIRECTORS/All 16 Nominees | Issuer | |
For | For | B. Ratification of KPMG | Issuer | |
Against | Against | 1. Cumulative Voting | Shareholder | |
Against | Against | 2. Separate the roles of CEO and Chairman | Shareholder | |
Against | Against | 3. Recoup unearned management bonuses | Shareholder | |
Against | Against | 4. Curb over-extended directors | Shareholder | |
Against | Against | 5. Report on charitable contributions | Shareholder | |
Against | Against | 6. Global warming report | Shareholder | |
Against | Against | 7. Advisory vote on executive compensation | Shareholder | |
Anheuser-Busch Companies, Inc. | 4/23/08 | 10,000 | 035229103 | BUD |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 9 Nominees | Issuer | |
For | For | 2. Approval of the 2008 long-term equity incentive plan for non-employee directors | Issuer | |
For | For | 3. Approval of independent registered public accounting firm | Issuer | |
Against | Against | 4. Stockholder proposal concerning a report on charitable contributions | Shareholder | |
Against | Against | 5. Stockholder proposal concerning special shareholder meetings | Shareholder | |
Against | Against | 6. Stockholder proposal concerning executive compensation | Shareholder | |
AstraZeneca, plc | 4/24/08 | 5,000 | 046353108 | AZN |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 5. DIRECTORS/All 13 Nominees | Issuer | |
For | For | 1. To receive the company's accounts and the reports of the directors and auditors for the year ended 31 December 2007 | Issuer | |
For | For | 2. To confirm dividends | Issuer | |
For | For | 3. To re-appoint KPMB Audit PLC, London as auditor | Issuer | |
For | For | 4. To authorize the directors to agree the remuneration of the auditor | Issuer | |
For | For | 6. To approve the directors' remuneration report for the year ended 31 December 2007 | Issuer | |
For | For | 7. To authorize limited political donations | Issuer | |
For | For | 8. To amend Articles of Association - directors' fees | Issuer | |
For | For | 9. To authorize the directors to allot unissued shares | Issuer | |
For | For | 10. To authorize the directors to disapply re-emptive rights | Issuer | |
For | For | 11. To authorize the company to purchase its own shares | Issuer | |
For | For | 12. To amend Articles of Association - conflicts of interest | Issuer | |
Lilly (Eli) and Company | 4/21/08 | 17,000 | 532457108 | LLY |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 4 Nominees | Issuer | |
For | For | 2. Ratification of the appointment by the audit committee of the board of directors of Ernst & Young LLP as principal independent auditors for 2008 | Issuer | |
For | For | 3. Approve amendments to the Articles of Incorporation to provide for the declassification of the board | Issuer | |
For | For | 4. Approve amendments to the Articles of Incorporation to provide for election of directors by majority vote | Issuer | |
For | For | 5. Amending the company's stock plans | Issuer | |
Against | Against | 6. Proposal by shareholders on international outsourcing of animal research | Shareholder | |
Against | Against | 7. Proposal by shareholders on allowing shareholders to amend the company's bylaws | Shareholder | |
Against | Against | 8. Proposal by shareholders on adopting a simple majority vote standard | Shareholder | |
Against | Against | 9. Proposal by shareholders on reporting company's political contributions | Shareholder | |
Citigroup, Inc. | 4/22/08 | 25,000 | 172967101 | C |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a-1n. DIRECTORS/All 14 Nominees | Issuer | |
For | For | 2. Ratify the selection of KPMG LLP as Citigroup's independent registered public accounting firm for 2008 | Issuer | |
Against | Against | 3. Stockholder proposal requesting a report on prior governmental service of certain individuals | Shareholder | |
Against | Against | 4. Stockholder proposal requesting a report on political contributions | Shareholder | |
Against | Against | 5. Stockholder proposal requesting that executive compensation be limited to 100 times the average compensation paid to worldwide employees | Shareholder | |
Against | Against | 6. Stockholder proposal requesting that two candidates be nominated for each board position | Shareholder | |
Against | Against | 7. Stockholder proposal requesting a report on the Equator Principles | Shareholder | |
Against | Against | 8. Stockholder proposal requesting the adoption of certain employment principles for executive officers | Shareholder | |
Against | Against | 9. Stockholder proposal requesting that Citi amend its GHG emissions policies | Shareholder | |
Against | Against | 10. Stockholder proposal requesting a report on how investment policies address or could address human rights issues | Shareholder | |
Against | Against | 11. Stockholder proposal requesting an independent board chairman | Shareholder | |
Against | Against | 12. Stockholder proposal requesting an advisory vote to ratify executive compensation | Shareholder | |
Merrill Lynch & Co., Inc. | 4/24/08 | 7,000 | 590188108 | MER |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1A-1D. DIRECTORS/All 4 Nominees | Issuer | |
For | For | 2. Ratify appointment of Deloitte & Touche LLP as independent registered public accounting firm | Issuer | |
Against | Against | 3. Adopt cumulative voting | Shareholder | |
Against | Against | 4. Prohibit senior executive officer stock sales during buyback | Shareholder | |
Against | Against | 5. Adopt advisory vote on executive compensation | Shareholder | |
Against | Against | 6. Adopt responsible employment principles | Shareholder | |
Wells Fargo & Company | 4/29/08 | 18,000 | 949746101 | WFC |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a-1p. DIRECTORS/All 16 Nominees | Issuer | |
For | For | 2. Ratify appointment of KPMB LLP as independent auditors for 2008 | Issuer | |
For | For | 3. Approve the performance-based compensation policy | Issuer | |
For | For | 4. Approve the amended and restated long-term incentive compensation plan | Issuer | |
Against | Against | 5. Proposal regarding a By-Laws amendment to require an independent chairman | Shareholder | |
Against | Against | 6. Proposal regarding an executive compensation advisory vote | Shareholder | |
Against | Against | 7. Proposal regarding a "pay-for-superior-performance" compensation plan | Shareholder | |
Against | Against | 8. Proposal regarding human rights issues in investment policies | Shareholder | |
Against | Against | 9. Proposal regarding a neutral sexual orientation employment policy | Shareholder | |
Against | Against | 10. Proposal regarding a report on racial disparities in mortgage lending | Shareholder | |
The Coca-Cola Company | 4/16/08 | 9,000 | 191216100 | KO |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.-1n. DIRECTORS/All 14 Nominees | Issuer | |
For | For | 2. Ratification of the appointment of Ernst & Young LLP a independent auditors | Issuer | |
For | For | 3. Approval of The Coca-Cola Company 2008 Stock Option Plan | Issuer | |
Against | Against | 4. Shareowner proposal regarding an advisory vote on executive compensation | Shareholder | |
Against | Against | 5. Shareowner proposal regarding an independent board chair | Shareholder | |
Against | Against | 6. Shareowner proposal regarding a board committee on human rights | Shareholder | |
Pfizer, Inc. | 4/24/08 | 30,000 | 717081103 | PFE |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a-1n. DIRECTORS/All 14 Nominees | Issuer | |
For | For | 1. Ratify the selection of KPMG LLP as independent registered public accounting firm for 2008 | Issuer | |
Against | Against | 3. Shareholder proposal regarding stock options | Shareholder | |
Against | Against | 4. Shareholder proposal requesting separation of chairman and CEO roles | Shareholder | |
Johnson & Johnson | 4/24/08 | 9,000 | 478160104 | JNJ |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 12 Nominees | Issuer | |
For | For | 2. Ratification of appointment of PriceWaterhouseCoopers, LLP as independent registered public accounting firm | Issuer | |
Against | Against | 3. Shareholder proposal: Advisory vote on executive compensation policies and disclosure | Shareholder | |
Intel Corporation | 5/21/08 | 30,000 | 458140100 | INTC |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1A-1K. DIRECTORS/All 11 Nominees | Issuer | |
For | For | 2. Ratification of selection of Ernst & Young LLP as our independent registered public accounting firm for the current year | Issuer | |
Against | Against | 3. Stockholder Proposal: To amend the Bylaws to establish a board committee on sustainability | Shareholder | |
Verizon Communications | 5/1/08 | 5,000 | 92343V104 | VZ |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.-1l. DIRECTORS/All 12 Nominees | Issuer | |
For | For | 2. Ratification of appointment of independent registered public accounting firm | Issuer | |
Against | Against | 3. Eliminate stock options | Shareholder | |
Against | Against | 4. Gender identity nondiscrimination policy | Shareholder | |
Against | Against | 5. Separate offices of Chairman and CEO | Shareholder | |
JPMorgan Chase & Co. | 5/20/08 | 18,000 | 46625H100 | JPM |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.-1l. DIRECTORS/All 12 Nominees | Issuer | |
For | For | 2. Appointment of independent registered public accounting firm | Issuer | |
For | For | 3. Approval of amendment to 2005 Long-Term Incentive Plan | Issuer | |
For | For | 4. Reapproval of Key Executive Performance Plan | Issuer | |
Against | Against | 5. Government service report | Shareholder | |
Against | Against | 6. Political contributions report | Shareholder | |
Against | Against | 7. Independent chairman of the board | Shareholder | |
Against | Against | 8. Executive compensation approval | Shareholder | |
Against | Against | 9. Two candidates per directorship | Shareholder | |
Against | Against | 10. Human rights and investment report | Shareholder | |
Against | Against | 11. Lobbying priorities report | Shareholder | |
Kraft Foods, Inc. | 5/13/08 | 25,000 | 50075N104 | KFT |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 12 Nominees | Issuer | |
For | For | 2. Ratification of the selection of independent auditors | Issuer | |
Amgen, Inc. | 5/7/08 | 5,000 | 031162100 | AMGN |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1A.-1K. DIRECTORS/All 11 Nominees | Issuer | |
For | For | 2. Ratify the selection of Ernst & Young LLP as the company's independent registered public accountants for the fiscal year | Issuer | |
Against | Against | 3A. Stockholder proposal #1 (simple majority vote) | Shareholder | |
Against | Against | 3B. Stockholder proposal #2 (animal welfare) | Shareholder | |
SLM Corporation | 5/8/08 | 5,000 | 78442P106 | SLM |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.-1o. DIRECTORS/All 15 Nominees | Issuer | |
For | For | 2. Amendment to the Certificate of Incorporation | Issuer | |
For | For` | 3. Ratify the appointment of PriceWaterhouseCoopers LLP as the Corporation's independent registered public accounting firm | Issuer | |
Waste Management, Inc. | 5/9/08 | 17,000 | 94106L109 | WMI |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1A.-1I. DIRECTORS/All 9 Nominees | Issuer | |
For | For | 2. Proposal to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2008 | Issuer | |
Against | Against | 3. Proposal relating to disclosure of political contributions, if properly presented at the meeting | Shareholder | |
Aqua America, Inc. | 5/15/08 | 28,333 | 03836W103 | WTR |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 3 Nominees | Issuer | |
For | For | 2. Ratify the appointment of PriceWaterhouseCoopers LLP as the independent registered public accountants for the Company for the 2008 fiscal year | Issuer | |
The Home Depot, Inc. | 5/22/08 | 22,000 | 437076102 | HD |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.-1j. DIRECTORS/All 10 Nominees | Issuer | |
For | For | 2. Ratify the appointment of KPMG Lip as the independent registered public accounting firm of the Company for the fiscal year ending February 1, 2009 | Issuer | |
For | For | 3. To approve the material terms of officer performance goals under the Management Incentive Plan | Issuer | |
For | For | 4. To approve an amendment to the Company's Employee stock Purchase Plan to increase the number of reserved shares | Issuer | |
Against | Against | 5. Shareholder proposal regarding political nonpartisanship | Shareholder | |
Against | Against | 6. Shareholder proposal regarding special shareholder meetings | Shareholder | |
Against | Against | 7. Shareholder proposal regarding employment diversity report disclosure | Shareholder | |
Against | Against | 8. Shareholder proposal regarding executive officer compensation | Shareholder | |
Against | Against | 9. Shareholder proposal regarding pay-for-superior performance | Shareholder | |
PartnerRe Ltd | 5/22/08 | 6,000 | G6852T105 | PRE |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 4 Nominees | Issuer | |
For | For | 2. Reappoint Deloitte & Touche, the independent registered public accounting firm, as our independent auditors, to serve until the 2009 annual general meeting, and to refer decisions about the auditors' remuneration to the board of directors | Issuer | |
For | For | 3. Approve our 2005 Employee Equity Plan, as amended and restated | Issuer | |
For | For | 4. Consider and take action with respect to such other matters as may properly come before the annual general meeting or any adjournment thereof | Issuer | |
The Allstate Corporation | 5/20/08 | 5,000 | 020002101 | ALL |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1A.-1K. DIRECTORS/All 11 Nominees | Issuer | |
For | For | 2. Ratification of the appointment of Deloitte & Touche LLP as Allstate's independent registered public accountant for 2008 | Issuer | |
Again | Against | 3. Stockholder proposal calling for cumulative voting in the election of directors | Shareholder | |
Against | Against | 4. Stockholder proposal seeking the right to call special shareholder meetings | Shareholder | |
Against | Against | 5. Stockholder proposal seeking an advisory resolution to ratify compensation of the named executive officers | Shareholder | |
Wal-Mart Stores, Inc. | 6/6/08 | 6,000 | 931142103 | WMT |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1a.-1o. DIRECTORS/All 15 Nominees | Issuer | |
For | For | 2. Approval of Management Incentive Plan, as amended and restated | Issuer | |
For | For | 3. Ratification of Ernest & Young LLP as independent accountants | Issuer | |
Against | Against | 4. Amend equal employment opportunity policy | Shareholder | |
Against | Against | 5. Pay-for-superior-performance | Shareholder | |
Against | Against | 6. Recoupment of Senior Executive Compensation Policy | Shareholder | |
Against | Against | 7. Establish human rights committee | Shareholder | |
Against | Against | 8. Advisory vote on executive compensation | Shareholder | |
Against | Against | 9. Political contributions report | Shareholder | |
Against | Against | 10. Social and reputation impact report | Shareholder | |
Against | Against | 11. Special shareholders' meeting | Shareholder | |
FairPoint Communications | 6/18/08 | 94 | 305560104 | FRP |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | |
For | For | 1. DIRECTORS/All 3 Nominees | Issuer | |
For | For | 2. Ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2008. | Issuer | |
For | For | 3. Approve the Fairmont Communications 2008 long-term incentive plan | Issuer | |
For | For | 4. Approve the Fairmont Communications 2008 annual incentive plan | Issuer | |
SIGNATURES
Pursuant to the requirements of 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.
(Registrant)Primary Trend Fund, Inc.
By (Signature and Title) /s/ Lilli Gust, Principal Executive Officer
Date July 18, 2008