UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-04704
Primary Trend Fund, Inc.
(Exact name of registrant as specified in charter)
3960 Hillside Drive, Delafield, WI 53018
(Address of principal executive offices) (Zip code)
Arnold Investment Counsel, Inc., 3960 Hillside Drive, Delafield, WI 53018
(Name and address of agent for service)
Registrant's telephone number, including area code: (262) 303-4850
Date of fiscal year end: June 30
Date of reporting period: July 1, 2009 – June 30, 2010
Item 1. Proxy Voting Record
PROXY VOTING RECORD | |||||
Name of Fund: | The Primary Trend Fund | ||||
Period: | July 1, 2009 - June 30, 2010 | ||||
Company Name | Meeting Date | Shares Voted | CUSIP | Ticker | |
FedEx Corporation | 9/28/09 | 8,000 | 31428X106 | FDX | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-l. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 2. Ratification of Independent Registered Public Accounting firm | Issuer | ||
Against | Against | 3. Stockholder proposal regarding independent board chairman | Shareholder | ||
Against | Against | 4. Stockholder proposal regarding special shareowner meetings | Shareholder | ||
Against | Against | 5. Stockholder proposal regarding shareholder vote on executive pay | Shareholder | ||
Against | Against | 6. Stockholder proposal regarding health care reform principles | Shareholder | ||
Sara Lee Corporation | 10/29/09 | 10,000 | 803111103 | SLE | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1A-L. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 2. Ratification of the appointment of PriceWaterhouseCoopers, LLP as Sara Lee's independent registered public accountants for fiscal 2010 | Issuer | ||
Parker-Hannifin Corp. | 10/28/09 | 2,000 | 701094104 | PH | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 8 Nominees | Issuer | ||
For | For | 2. Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for FY10 | Issuer | ||
For | For | 3. Approval of the Parker-Hannifin Corp. 2009 Omnibus Stock Incentive Plan | Issuer | ||
Against | Against | 4. Shareholder proposal to amend the Code of Regulations to separate the roles of Chairman of the Board and chief Executive Officer | Shareholder | ||
Cisco Systems, Inc. | 11/12/09 | 20,000 | 17275R102 | CSCO | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-m. DIRECTORS/All 13 Nominees | Issuer | ||
For | For | 2. To approve the amendment and restatement of the 2005 Stock Incentive Plan, as set forth in the accompanying proxy statement | Issuer | ||
For | For | 3. To approve the amendment and restatement of the Employee Stock Purchase Plan, as set forth in the accompanying proxy statement | Issuer | ||
For | For | 4. To ratify the appointment of PriceWaterhouseCoopers,LLP as Cisco's independent registered public accounting firm the fiscal year ending July 31, 2010 | Issuer | ||
Against | Against | 5. Proposal submitted by a shareholder to amend Cisco's bylaws to establish a Board Committee on Human Rights | Shareholder | ||
Against | Against | 6. Proposal submitted by shareholders requesting the Board to adopt a policy that shareholders be provided the opportunity at each annual meeting of shareholders to vote on an advisory resolution to ratify the compensation of the named executive officers described in the proxy statement for the annual meeting | Shareholder | ||
Against | Against | 7. Proposal submitted by shareholders requesting the Board to publish a report to shareholders within six months providing a summarized listing and assessment of concrete steps Cisco could reasonably take to reduce the likelihood that its business practices might enable or encourage the violation of human rights, as set forth in the accompanying proxy statement | Shareholder | ||
Microsoft Corporation | 11/19/2009 | 20,000 | 594918104 | MSFT | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1.-9. DIRECTORS/All 9 Nominees | Issuer | ||
For | For | 10. Ratification of the selection of Deloitte & Touche, LLP as the Company's independent auditor | Issuer | ||
For | For | 11. Approve amendments to amended and restated Articles of Incorporation | Issuer | ||
For | For | 12. Advisory vote on executive compensation | Issuer | ||
Against | Against | 13. Shareholder Proposal - Adoption of healthcare reform principles | Shareholder | ||
Against | Against | 14. Shareholder Proposal - Disclosure of charitable contributions | Shareholder | ||
D.R. Horton, Inc. | 1/28/10 | 15,000 | 23331A109 | DHI | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 7 Nominees | Issuer | ||
For | For | 2. To approve our Section 382 Rights Agreement to help protect our tax attributes | Issuer | ||
For | For | 3. To ratify the appointment of PriceWaterhouseCoopers LLP as our independent registered public accounting firm | Issuer | ||
Hormel Foods Corporation | 1/29/10 | 10,000 | 440452100 | HRL | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 2. Ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending October 31, 2010 | Issuer | ||
Against | Against | 3. Consider a stockholder proposal regarding animal welfare standards, if presented at the meeting | Stockholder | ||
Kraft Foods, Inc. | 2/1/10 | 15,000 | 50075N104 | KFT | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. To approve issuing up to 370 million shares of Kraft Foods, Inc. Class A common stock in connection with our proposed acquisition of Cadbury PLC, including any issuance of shares of Kraft Foods Class A common stock to finance the proposed acquisition | Issuer | ||
For | For | 2. To approve any adjournment of the special meeting including, if necessary, to solicit additional proxies in favor of Item 1 if there are not sufficient votes for Item 1 | Issuer | ||
The Walt Disney Company | 3/10/10 | 10,000 | 254687106 | DIS | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-m. DIRECTORS/All 13 Nominees | Issuer | ||
For | For | 2. Ratify the appointment of PriceWaterhouseCoopers LLP as the Company's registered public accountants for 2010 | Issuer | ||
For | For | 3. Approve the Amendment to the Amended and Restated 2005 Stock Incentive Plan | Issuer | ||
For | For | Approve the amendment to the Company's Restated Certificate of Incorporation relating to Interested Persons transactions | Issuer | ||
For | For | 5. Approve the amendment to the Company's Restated Certificate of Incorporation relating to Bylaw amendments | Issuer | ||
For | For | 6. Approve the amendment to the Company's restated Certificate of Incorporation relating to trading stock provisions | Issues | ||
For | For | 7. Approve the amendment to the Company's Restated Certificate of Incorporation relating to classified board transition provisions | Issuer | ||
Against | Against | 8. Approve the Shareholder proposal relating to shareholder advisory vote on executive compensation | Shareholder | ||
Against | Against | 9. Approve the shareholder proposal relating to ex-gay non-discrimination policy | Shareholder | ||
Nokia Corporation | 5/6/10 | 20,000 | 654902204 | NOK | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 10 Nominees | Issuer | ||
For | For | 7. Adoption of annual accounts | Issuer | ||
For | For | 8. Resolution on the use of the profit shown on the balance sheet and the payment of dividend | Issuer | ||
For | For | 9. Resolution on the discharge of the members of the board of directors and the president from liability | Issuer | ||
For | For | 10. Resolution on the remuneration of the members of the board of directors | Issuer | ||
For | For | 11. Resolution on the number of members of the board of directors | Issuer | ||
For | For | 13. Resolution on the remuneration of the auditor | Issuer | ||
For | For | 14. Election of auditor | Issuer | ||
For | For | 15. Resolution of the amendment of the Articles of Association | Issuer | ||
For | For | 16. Resolution on the authorization to the board of directors to resolve to repurchase the Company's own shares | Issuer | ||
For | For | 17. Resolution on the authorization to the board of directors to resolve on the issuance of shares and special rights entitling to shares | Issuer | ||
Alcoa, Inc. | 4/23/10 | 30,000 | 013817101 | AA | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 4 Nominees | Issuer | ||
For | For | 2. Ratify the independent auditor | Issuer | ||
For | For | 3. Approve a majority voting standard for uncontested director elections | Issuer | ||
For | For | 4. Eliminate super-majority voting requirement in the Articles of Incorporation regarding amending Article Seventh (Fair Price Protection) | Issuer | ||
For | For | 5. Eliminate super-majority voting requirement in the Articles of Incorporation regarding amending Article Eighth (Director Elections) | Issuer | ||
For | For | 6. Eliminate super-majority voting requirement in Article Eighth of the Articles of Incorporation relating to the removal of directors | Issuer | ||
Against | Against | 7. Shareholder proposal to adopt simple-majority vote | Shareholder | ||
The Coca-Cola Company | 4/21/10 | 9,000 | 191216100 | KO | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1-14. DIRECTORS/All 14 Nominees | Issuer | ||
For | For | 15. Ratification of the appointment of Ernst & Young LLP as independent auditors | Issuer | ||
Against | Against | 16. Shareowner proposal regarding an advisory vote on executive compensation | Shareholder | ||
Against | Against | 17. Shareowner proposal regarding an independent board chair | Shareholder | ||
Against | Against | 18. Shareowner proposal regarding restricted stock | Shareholder | ||
Against | Against | 19. Shareowner proposal regarding a report on Bisphenol-A | Shareholder | ||
Schlumberger Limited | 4/7/10 | 8,000 | 806857108 | SLB | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 2. Adopt and approve financials and dividends | Issuer | ||
For | For | 3. Approve the adoption of the Schlumberger 2010 Stock Incentive Plan | Issuer | ||
For | For | 4. Approve the adoption of an amendment to the Schlumberger Discounted Stock Purchase Plan | Issuer | ||
For | For | 5. Approve independent registered public accounting firm | Issuer | ||
United Technologies Corp. | 4/14/10 | 7,000 | 913017109 | UTX | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1-13. DIRECTORS/All 13 Nominees | Issuer | ||
For | For | 2. Appointment of the firm of PriceWaterhouseCoopers LLP as independent auditor | Issuer | ||
Against | Against | 3. Shareowner proposal: Advisory vote on executive compensation | Shareholder | ||
Newmont Mining Corp. | 4/23/10 | 3,000 | 651639106 | NEM | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 11 Nominees | Issuer | ||
For | For | 2. Ratify the audit committee's appointment of PriceWaterhouseCoopers LLP as Newmont's independent auditor for 2010 | Issuer | ||
Against | Against | 3. Stockholder proposal regarding special meetings, as set forth in the accompanying proxy statement, if properly introduced at the meeting | Shareholder | ||
Against | Against | 4. Stockholder proposal to approve majority voting for the election of directors in a non-contested election, as set forth in the accompanying proxy statement, if properly introduced at the meeting | Shareholder | ||
BP P.L.C. | 4/15/10 | 10,000 | 055622104 | BP | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1.-16. DIRECTORS/All 16 Nominees | Issuer | ||
For | For | 17. Reappoint Ernst & Young LLP as auditors and authorize the board to fix their remuneration | Issuer | ||
For | For | 18. Special Resolution: to adopt new Articles of Association | Issuer | ||
For | For | 19. 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 | 21. Special resolution: to give authority to allot a limited number of shares for cash free of pre-emption rights | Issuer | ||
For | For | 22. Special Resolution: to authorize the calling of general meetings (excluding annual general meetings) by notice of at least 14 clear days | Issuer | ||
For | For | 23. To approve the renewal of the Executive Directors Incentive Plan | Issuer | ||
For | For | 24. To approve the Scrip Dividend Program | Issuer | ||
Against | Against | 25. Special Resolution: to instruct a committee of the board to review the assumptions behind the Sunrise SAGD Project | Shareholder | ||
Eli Lilly & Company | 4/19/10 | 22,000 | 532457108 | LLY | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1A-E. DIRECTORS/ALL 5 Nominees | Issuer | ||
For | For | 2. Ratification of the appointment by the audit committee of board of Ernst & Young LLP as principal independent auditors for 2010 | Issuer | ||
For | For | 3. Approve amendments to the Articles of Incorporation of provide for annual election of all directors | Issuer | ||
For | For | 4. Approve amendments to the Articles of Incorporation to eliminate all supermajority voting provisions | Issuer | ||
Against | Against | 5. Shareholder proposal on allowing shareholders to call special shareholders' meetings | Shareholder | ||
Against | Against | 6. Shareholder proposal on prohibiting CEO's from serving on the compensation committee | Shareholder | ||
Against | Against | 7. Shareholder proposal on ratification of executive compensation | Shareholder | ||
Against | Against | 8.Shareholder proposal requiring executives to hold equity awards into retirement | Shareholder | ||
Fifth Third Bancorp | 4/20/10 | 15,000 | 316773100 | FITB | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 2. To amend the Articles of Incorporation and Code of Regulations to provide for majority voting in uncontested elections of directors | Issuer | ||
For | For | 3. To amend the Articles of Incorporation and Code of Regulations to eliminate cumulative voting in elections of directors | Issuer | ||
For | For | 4. To amend the Code of Regulations to permit the directors to further amend the Code of Regulations without shareholder consent to the extent permitted by Ohio law | Issuer | ||
For | For | 5. Approval of the appointment of the firm of Deloitte & Touche LLP to serve as the independent registered public accounting firm for the company for the year 2010 | Issuer | ||
Against | Against | 7. Proposal to request that the board of directors adopt a policy that the chairman of the board shall be a director who is independent from Fifth Third | Shareholder | ||
U.S. Bancorp | 4/20/10 | 16,000 | 902973304 | USB | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-m. DIRECTORS/All 13 Nominees | Issuer | ||
For | For | 2. Ratification of Ernst & Young LLP as independent auditor for the 2010 fiscal year | Issuer | ||
For | For | 3. Approval of the U.S. Bancorp Amended and Restated 2007 Stock Incentive Plan | Issuer | ||
For | For | 4. Advisory vote to approve executive compensation program | Issuer | ||
Pfizer, Inc. | 4/22/10 | 35,000 | 717081103 | PFE | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-o. DIRECTORS/All 15 Nominees | Issuer | ||
For | For | 2. Ratify the selection of KPMG LLP as independent registered public accounting firm for 2010 | Issuer | ||
For | For | 3. Advisory vote on executive compensation | Issuer | ||
For | For | 4. Approval of By-Law Amendment to reduce the percentage of shares required for shareholders to call special meetings | Issuer | ||
Against | Against | 5. Shareholder proposal regarding stock options | Shareholder | ||
Wells Fargo & Company | 4/27/10 | 22,000 | 949746101 | WFC | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-p. DIRECTORS/All 16 Nominees | Issuer | ||
For | For | 2. Approve a non-binding advisory resolution regarding the compensation of the Company's named executives | Issuer | ||
For | For | 3. Approve an amendment to the Company's Certificate of Incorporation to increase the Company's authorized shares of common stock from 6 billion to 9 billion | Issuer | ||
For | For | 4. Ratify the appointment of KPMG LLP as independent auditors for 2010 | Issuer | ||
Against | Against | 5. Stockholder proposal regarding an advisory vote on executive and director compensation | Shareholder | ||
Against | Against | 6. Stockholder proposal regarding a policy to require an independent chairman | Shareholder | ||
Against | Against | 7. Stockholder proposal regarding a report on charitable contributions | Shareholder | ||
Against | Against | 8. Stockholder proposal regarding a report on political contributions | Shareholder | ||
Barrick Gold Corporation | 4/28/10 | 10,000 | 067901108 | ABX | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 14 Nominees | Issuer | ||
For | For | 2. Approving the appointment of PriceWaterhouseCoopers LLP as the auditors of Barrick and Authorizing the directors to fix their remuneration | Issuer | ||
For | For | 3. Advisory resolution on executive compensation approach | Issuer | ||
Arch Coal, Inc. | 4/22/10 | 5,000 | 039380100 | ACI | |
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 of independent registered public accounting firm | Issuer | ||
For | For | 3. Approval of an amendment and restatement of the Arch Coal, Inc. 1997 Stock Incentive Plan | Issuer | ||
For | For | 4. Section 162(M) approval of Arch Coal, Inc.'s Incentive Compensation Plan for executive officers | Issuer | ||
Johnson & Johnson | 4/22/10 | 9,000 | 478160104 | JNJ | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-j. DIRECTORS/All 10 Nominees | Issuer | ||
For | For | 2. Ratification of appointment of PriceWaterhouseCoopers LLP as independent registered public accounting firm for 2010 | Issuer | ||
Against | Against | 3. Advisory vote on executive compensation | Shareholder | ||
Against | Against | 4. Special shareowner meetings | Shareholder | ||
E.I. du Pont de Nemours and Company | 4/28/10 | 11,000 | 263534109 | DD | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-l. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 2. Ratification of independent registered public accounting firm | Issuer | ||
Against | Against | 3. Shareholder say on executive pay | Shareholder | ||
Against | Against | 4. Amendment of human rights policy | Shareholder | ||
General Electric Company | 4/28/10 | 25,000 | 369604103 | GE | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | A1-16. DIRECTORS/All 16 Nominees | Issuer | ||
For | For | B1. Ratification of KPMG | Issuer | ||
Against | Against | C1. Cumulative voting | Shareholder | ||
Against | Against | C2. Special shareowner meetings | Shareholder | ||
Against | Against | C3. Independent board chairman | Shareholder | ||
Against | Against | C4. Pay disparity | Shareholder | ||
Against | Against | C5. Key board committees | Shareholder | ||
Against | Against | C6. Advisory vote on executive compensation | Shareholder | ||
Kraft Foods, Inc. | 5/18/10 | 15,000 | 50075N104 | KFT | |
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 the selection of PriceWaterhouseCoopers, LLP as our independent auditors for the fiscal year ending December 31, 2010 | Issuer | ||
Against | Against | 3. Shareholder proposal regarding shareholder action by written consent | Shareholder | ||
Valero Energy Corporation | 4/29/10 | 10,000 | 91913Y100 | VLO | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1A-C. DIRECTORS/All 3 Nominees | Issuer | ||
For | For | 2. Ratify the appointment of KPMG LLP as Valero Energy's independent registered public accounting firm for 2010 | Issuer | ||
For | For | 3. Re-approve the 2005 Omnibus Stock Incentive Plan | Issuer | ||
For | For | 4. An advisory resolution to ratify the 2009 compensation of the named executive officers listed in the proxy statement's summary compensation table | Issuer | ||
Against | Against | 5. Stockholder proposal entitled, "Impact of Varero's operations on rainforest sustainability." | Shareholder | ||
Against | Against | 6. Stockholder proposal entitled, "Disclosure of political contributions/trade associations." | Shareholder | ||
Against | Against | 7. Stockholder proposal entitled, "Stock retention by executives." | Shareholder | ||
Verizon Communications | 5/6/10 | 14,000 | 92343V104 | VZ | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-m. DIRECTORS/All 13 Nominees | Issuer | ||
For | For | 2. Ratification of appointment of Ernst & Young, LLP as independent registered public accounting firm | Issuer | ||
For | For | 3. Advisory vote related to executive compensation | Issuer | ||
Against | Against | 4. Prohibit granting stock options | Shareholder | ||
Against | Against | 5. Gender identity non-discrimination policy | Shareholder | ||
Against | Against | 6. Performance stock unit performance thresholds | Shareholder | ||
Against | Against | 7. Shareholder right to call a special meeting | Shareholder | ||
Against | Against | 8. Adopt and disclose succession planning policy | Shareholder | ||
Against | Against | 9. Shareholder approval of benefits paid after death | Shareholder | ||
Against | Against | 10. Executive stock retention requirements | Shareholder | ||
Unilever, N.V. | 5/11/10 | 10,000 | 904784709 | UN | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 2. Adopt the annual accounts and appropriation of the profit for the 2009 financial year | Issuer | ||
For | For | 3. Discharge the Executive Directors in office in 2009 financial year for the fulfillment of their task | Issuer | ||
For | For | 4. Discharge the Non-Executive Directors in office in the 2009 financial year for the fulfillment of their task | Issuer | ||
For | For | 5.-16. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 17. Approve the Management Co-Investment Plan | Issuer | ||
For | For | 18. Approve amendments to the performance conditions of the annual bonus | Issuer | ||
For | For | 19. Approve amendments to the performance conditions of the long-term incentive arrangements | Issuer | ||
For | For | 20. Reduce capital with respect to 4% cumulative preference shares against repayment and amendment of the Company's Articles of Association | Issuer | ||
For | For | 21. Authorize the Board of Directors to purchase 6% cumulative preference shares and 7% cumulative preference shares (and depositary receipts thereof) in the share capital of the Company | Issuer | ||
For | For | 22. Authorize the Board of Directors to purchase ordinary shares and depositary receipts thereof in the share capital of the Company | Issuer | ||
For | For | 23. Reduce the capital with respect to ordinary shares and depositary receipts thereof held by the Company in its own shares capital | Issuer | ||
For | For | 24. Designate the Board of Directors as the company body authorized to issue ordinary shares in the Company | Issuer | ||
For | For | 25. Appoint PriceWaterhouseCoopers Accountants N.V. as auditors for the 2010 financial year | Issuer | ||
Aqua America, Inc. | 5/13/10 | 8,333 | 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 accounting firm for the Company for the 2010 fiscal year | Issuer | ||
Against | Against | 3. Shareholder proposal regarding the preparation and publication of a sustainability report | Shareholder | ||
Intel Corporation | 5/19/10 | 31,000 | 458140100 | INTC | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a.-j. DIRECTORS/All 10 Nominees | Issuer | ||
For | For | 2. Ratify selection of Ernst & Young LLP as our independent registered public accounting firm for the current year | Issuer | ||
For | For | 3. Advisory vote on executive compensation | Issuer | ||
ConocoPhillips | 5/12/10 | 4,000 | 20825C104 | COP | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a-n. DIRECTORS/All 14 Nominees | Issuer | ||
For | For | 2. Ratify appointment of Ernst & Young LLP as ConocoPhillips' independent registered public accounting firm for 2010 | Issuer | ||
Against | Against | 3. Board risk management oversight | Shareholder | ||
Against | Against | 4. Greenhouse gas reduction | Shareholder | ||
Against | Against | 5. Oil sands drilling | Shareholder | ||
Against | Against | 6. Louisiana wetlands | Shareholder | ||
Against | Against | 7. Financial risks of climate change | Shareholder | ||
Against | Against | 8. Toxic pollution report | Shareholder | ||
Against | Against | 9. Gender expression non-discrimination | Shareholder | ||
Against | Against | 10. Political contributions | Shareholder | ||
Entropic Communications | 5/20/10 | 55,000 | 29384R105 | ENTR | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/1 Nominee | Issuer | ||
For | For | 2. Ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2010 | Issuer | ||
Ensco plc | 5/25/10 | 5,000 | 29358Q109 | EVS | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1.-2. DIRECTORS/All 2 Nominees | Issuer | ||
For | For | 3. Ratify the audit committee's appointment of KPMG LLP as our U.S. independent registered public accounting firm for 2010 | Issuer | ||
For | For | 4. Ratify the appointment of KPMG Audit plc as our statutory auditors under Companies Act 2006 (to hold office until the conclusion of next annual general meeting at which accounts are laid before the Company) and to ratify that the Audit Committee is authorized to determine our statutory Auditors' remuneration | Issuer | ||
Wendy's/Arby's Group, Inc. | 5/27/10 | 10,000 | 950587105 | WEN | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 12 Nominees | Issuer | ||
For | For | 2. Approve the Company's 2010 Omnibus Award Plan | Issuer | ||
For | For | 3. Ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accountants for 2010 | Issuer | ||
Against | Against | 4. Stockholder proposal regarding poultry slaughter | Shareholder | ||
JPMorgan Chase & Co. | 5/18/10 | 15,000 | 46625H100 | JPM | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a.-k. DIRECTORS/All 11 Nominees | Issuer | ||
For | For | 2. Appointment of independent registered public accounting firm | Issuer | ||
For | For | 3. Advisory vote on executive compensation | Issuer | ||
Against | Against | 4. Political non-partisanship | Shareholder | ||
Against | Against | 5. Special shareowner meetings | Shareholder | ||
Against | Against | 6. Collateral in over-the-counter derivatives trading | Shareholder | ||
Against | Against | 7. Shareholder action by written consent | Shareholder | ||
Against | Against | 8. Independent chairman | Shareholder | ||
Against | Against | 9. Pay disparity | Shareholder | ||
Against | Against | 10. Share retention | Shareholder | ||
The Home Depot | 5/20/10 | 15,000 | 437076102 | HD | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a.-i. DIRECTORS/All 9 Nominees | Issuer | ||
For | For | 2. Ratify the appointment of KPMG LLP | Issuer | ||
For | For | 3. Approve the material terms of performance goals for qualified performance-based awards under The Home Depot, Inc. 2005 Omnibus Stock Incentive Plan | Issuer | ||
Against | Against | 4. Regarding cumulative voting | Shareholder | ||
Against | Against | 5. Regarding executive officer compensation | Shareholder | ||
Against | Against | 6. Regarding special shareholder meetings | Shareholder | ||
Against | Against | 7. Regarding shareholder action by written consent | Shareholder | ||
Against | Against | 8. Regarding independent chairman of the board | Shareholder | ||
Against | Against | 9. Regarding employment diversity report | Shareholder | ||
Against | Against | 10. Regarding reincorporation in North Dakota | Shareholder | ||
Wal-Mart Stores, Inc. | 6/4/10 | 12,000 | 931142103 | WMT | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1a.-o. DIRECTORS/All 15 Nominees | Issuer | ||
For | For | 2. Ratification of Ernst & Young LLP as independent accountants | Issuer | ||
For | For | 3. Approval of the Wal-Mart Stores, Inc. Stock Incentive Plan of 2010 | Issuer | ||
For | For | 4. Approval of the ASDA Limited Sharesave Plan 2000, as amended | Issuer | ||
Against | Against | 5. Gender identity non-discrimination policy | Shareholder | ||
Against | Against | 6. Advisory vote on executive compensation | Shareholder | ||
Against | Against | 7. Political contribution report | Shareholder | ||
Against | Against | 8. Special shareowner meetings | Shareholder | ||
Against | Against | 9. Poultry slaughter | Shareholder | ||
Against | Against | 10. Lobbying priorities report | Shareholder | ||
Las Vegas Sands Corp. | 6/3/10 | 5,000 | 517834107 | LVS | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 2 Nominees | Issuer | ||
For | For | 2. Ratification of the selection of PriceWaterhouseCoopers LLP as the Company's independent registered public accounting firm | Issuer | ||
Against | Against | 3. Stockholder proposal regarding sustainability report | Shareholder | ||
For | For | 4. Transact such other business as may properly come before the meeting or any adjournments thereof | Issuer | ||
Harry Winston Diamond Corporation | 6/3/10 | 30,000 | 41587B100 | HWD | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 8 Nominees | Issuer | ||
For | For | 2. Re-appointment of KPMG LLP, chartered accountants, as auditors of the corporation and the authorization of the directors to fix their remuneration | Issuer | ||
Chesapeake Energy Corp. | 6/11/10 | 17,000 | 165167107 | LVS | |
Vote Cast | Management Vote | Proposal | Proposed by Issuer or Security Holder | ||
For | For | 1. DIRECTORS/All 3 Nominees | Issuer | ||
For | For | 2. Approve an amendment to our long term incentive plan | Issuer | ||
For | For | 3. Ratify the appointment of PriceWaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2010 | Issuer | ||
Against | Against | 4. Shareholder proposal relating to annual cash bonuses to named executive officers | Shareholder | ||
Against | Against | 5. Shareholder proposal regarding executive participation in derivative or speculative transactions involving stock | Shareholder | ||
Against | Against | 6. Shareholder proposal requesting an advisory shareholder vote on executive compensation | Shareholder | ||
Against | Against | 7. Shareholder proposal requesting an advisory shareholder vote on executive and director compensation | Shareholder | ||
Against | Against | 8. Shareholder proposal relating to hydraulic fracturing | Shareholder | ||
Against | Against | 9. Shareholder proposal relating to a sustainability report | Shareholder |
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 21, 2010