NOTES TO FINANCIAL STATEMENTS
NOTE 1 - ORGANIZATION
Thompson Plumb Funds, Inc. (the “Company”) is a Wisconsin corporation registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end, diversified management investment company.
The Company consists of separate mutual funds series (each, a “Fund,” and collectively, the “Funds”): Thompson Plumb Growth Fund (the “Growth Fund”) and Thompson Plumb Bond Fund (the “Bond Fund”). The assets and liabilities of each Fund are segregated and a shareholder’s interest is limited to the Fund in which the shareholder owns shares.
NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements.
SECURITY VALUATION - Each Fund’s investments are valued at their market prices (generally the last reported sales price on the exchange where the securities are primarily traded or, for Nasdaq listed securities, at their Nasdaq Official Closing Prices) or, where market quotations are not readily available or are unreliable, at fair value as determined in good faith pursuant to procedures established by the Funds’ Board of Directors (the “Funds’ Board”). Market quotations for the common stocks in which the Funds invest are nearly always readily available; however, market quotations for debt securities are often not readily available. Fair values of debt securities are typically based on valuations published by an independent pricing service, which uses various valuation methodologies such as matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. Debt securities with remaining maturities of 60 days or less are valued at amortized cost basis.
When a security is “fair valued,” consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds’ Board. Fair value pricing is an inherently subjective process, and no single standard exists for determining fair value. Different funds could reasonably arrive at different values for the same security.
SECURITIES TRANSACTIONS AND INVESTMENT INCOME - Investment securities transactions are accounted for on the trade date. Gains or losses realized on sales of securities are determined by comparing the identified cost of the security lot sold with the net sales proceeds. Discounts/premiums on debt securities purchased are accreted/amortized over the life of the respective securities on the same basis for book and tax purposes. Dividend income is recorded on the ex-dividend date. Interest income is recorded as earned.
VARIABLE-RATE DEMAND NOTES - The Funds invest in short-term, variable-rate demand notes, which are unsecured instruments. The Funds may be susceptible to credit risk with respect to these instruments to the extent the issuer defaults on its payment obligation.
PERMANENT BOOK AND TAX DIFFERENCES - Generally accepted accounting principles require that permanent financial reporting and tax differences relating to shareholder distributions be reclassified in the capital accounts.
EXPENSES - Each Fund is charged for those expenses that are directly attributed to it. Expenses that are not readily identifiable to a specific Fund are generally allocated among the Funds in proportion to the relative sizes of the Funds.
USE OF ESTIMATES - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
DISTRIBUTIONS TO SHAREHOLDERS - Distributions to shareholders from net investment income and realized gains on securities for the Growth Fund normally are declared at least annually. Bond Fund distributions to shareholders from net investment income normally are declared on a quarterly basis, and distributions to shareholders from realized gains on securities normally are declared at least annually. Distributions are recorded on the ex-dividend date.
FEDERAL INCOME TAXES - No provision has been made for federal income taxes since the Funds have elected to be taxed as regulated investment companies and intend to distribute substantially all income to shareholders and otherwise comply with the provisions of the Internal Revenue Code applicable to regulated investment companies.
19
NOTES TO FINANCIAL STATEMENTS (Continued)
DIRECTED BROKERAGE ARRANGEMENTS - The Funds have directed brokerage arrangements with Fidelity Capital Markets, BNY Brokerage and Trade Manage Capital, Inc. Upon purchase and/or sale of the investment securities at best execution, the Funds pay brokerage commissions to Fidelity Capital Markets, BNY Brokerage and Trade Manage Capital, Inc. These commission payments generate non-refundable cumulative credits, which are available to pay certain expenses of the Funds. There were no direct brokerage credits during the six-month period ended May 31, 2007.
LINE OF CREDIT - The Funds have established a line of credit (“LOC”) with U.S. Bank N.A. which expires November 15, 2007, used for temporary liquidity needs. The LOC is used primarily to finance redemption payments. Each of the individual Funds borrowing under the LOC are limited to either 5% of the market value of the Fund’s total assets or any explicit borrowing limits imposed by the Funds’ Board, whatever is less. As of May 31, 2007, the limits established by the Funds’ Board are: Growth Fund - $20,000,000 and Bond Fund - $1,000,000. The LOC was drawn upon during the year; however, as of May 31, 2007, there were no borrowings by the Funds outstanding under the LOC. The following table shows the average balance, average interest rate and interest expense incurred by the Funds on borrowings under the LOC for the six-month period ended May 31, 2007.
| | | Average | | Average | | Interest |
| | Fund | | | Balance | | Interest Rate | | Expense |
| Growth Fund | | $ | 641,626 | | | 8.250% | | $ | 26,948 | |
| Bond Fund | | $ | 27,797 | | | 8.250% | | $ | 1,159 | |
GUARANTEES AND INDEMNIFICATIONS - In the normal course of business, the Funds enter into contracts with service providers that contain general indemnification clauses. The Funds’ maximum exposure under these arrangements is unknown as this would involve future claims against the Funds that have not yet occurred. Based on experience, the Funds expect the risk of loss to be remote.
FAIR VALUE MEASUREMENTS - On September 15, 2006, the Financial Accounting Standards Board issued Standard No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 addresses how companies should measure fair value when specified assets and liabilities are measured at fair value for either recognition or disclosure purposes under generally accepted accounting principles (GAAP). FAS 157 is intended to make the measurement of fair value more consistent and comparable and improve disclosures about those measures. FAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007. At this time, management believes the adoption of FAS 157 will have no material impact on the financial statements of the Fund.
ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - On July 13, 2006, the Financial Accounting Standards Board (“FASB”) released FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes” (“FIN 48”). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Fund’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not meeting the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Adoption of FIN 48 is required for fiscal years beginning after December 15, 2006 and is to be applied to all open tax years as of the effective date. At this time, management is evaluating the implications of FIN 48 and its impact on the financial statements but does not anticipate that FIN 48 will have a material impact on the Fund’s financial statements.
NOTE 3 - INVESTMENT ADVISORY AND ADMINISTRATIVE AND ACCOUNTING SERVICES AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES
The Investment Advisory Agreement pursuant to which Thompson Investment Management, Inc. (“TIM”) is retained by the Funds provides for compensation to TIM (computed daily and paid monthly) at the following annual rates: for the Growth Fund - 1.00% of the first $50 million of average daily net assets and 0.90% of average daily net assets in excess of $50 million; and for the Bond Fund - 0.65% of the first $50 million of average daily net assets and 0.60% of average daily net assets in excess of $50 million.
20
| NOTES TO FINANCIAL STATEMENTS (Continued) | |
| May 31, 2007 (Unaudited) | |
Pursuant to an Administrative and Accounting Services Agreement, TIM maintains the Funds’ financial records in accordance with the 1940 Act, prepares all necessary financial statements of the Funds and calculates the net asset value per share of the Funds on a daily basis. As compensation for its services, each Fund pays TIM a fee computed daily and payable monthly at the annual rate of 0.15% of net assets up to $30 million, 0.10% of the next $70 million of net assets and 0.025% of net assets in excess of $100 million, with an annual minimum fee of $30,000 per Fund. The calculations of daily net asset value are subcontracted to U.S. Bancorp Fund Services, resulting in fees paid by TIM in the amounts of $43,315 and $15,000 for the Growth Fund and Bond Fund, respectively, for the six-month period ended May 31, 2007.
The Advisor is contractually bound to waive management fees and/or reimburse expenses incurred by the Bond Fund through March 31, 2008 so that the annual operating expenses of the Bond Fund do not exceed 0.59% of average daily net assets.
NOTE 4 - FUND SHARE TRANSACTIONS
Transactions in shares of the Funds were as follows:
| (In thousands) | | | | | | | | | | |
| | Six-Month | | | | | | |
| | Period Ended | | | | | | |
| | May 31, 2007 | | Year Ended | |
| | (Unaudited) | | November 30, 2006 | |
| | Shares | | Dollars | | Shares | | Dollars | |
| Growth Fund | | | | | | | | | | |
| Shares sold | 999 | | $ | 49,088 | | 2,417 | | $ | 111,004 | |
| Shares issued in reinvestment of dividends | 92 | | | 4,548 | | 121 | | | 5,426 | |
| Shares issued in reinvestment of realized gains | 483 | | | 23,727 | | 531 | | | 23,769 | |
| Shares redeemed | (3,110 | ) | | (153,276 | ) | (10,356 | ) | | (471,540 | ) |
| Net decrease | (1,536 | ) | $ | (75,913 | ) | (7,287 | ) | $ | (331,341 | ) |
| |
| Bond Fund | | | | | | | | | | |
| Shares sold | 784 | | $ | 8,015 | | 812 | | $ | 8,193 | |
| Shares issued in reinvestment of dividends | 68 | | | 690 | | 110 | | | 1,103 | |
| Shares issued in reinvestment of realized gains | – | | | – | | 26 | | | 256 | |
| Shares redeemed | (443 | ) | | (4,523 | ) | (779 | ) | | (7,837 | ) |
| Net increase | 409 | | $ | 4,182 | | 169 | | $ | 1,715 | |
NOTE 5 - PURCHASE AND SALE OF SECURITIES
Investment transactions for the six-month period ended May 31, 2007 were as follows:
| | Securities other than U. S. | | | | | | |
| | Government and Short-term | | | | | | |
| | Investments | | U. S. Government Securities |
| | Purchases | | Sales | | Purchases | | Sales |
| Growth Fund | $ | 46,973,148 | | $ | 151,465,539 | | $ | – | | $ | – |
| Bond Fund | $ | 2,967,211 | | $ | 4,257,660 | | $ | 14,599,375 | | $ | 5,044,931 |
21
| NOTES TO FINANCIAL STATEMENTS (Continued) | |
| May 31, 2007 (Unaudited) | |
NOTE 6 - INCOME TAX INFORMATION
At May 31, 2007, the investment cost and aggregate unrealized appreciation and depreciation on investments for federal income tax purposes were as follows:
| | | | | | | | | | | | Net unrealized |
| | | | | Unrealized | | Unrealized | | appreciation |
| | Federal tax cost | | appreciation | | depreciation | | (depreciation) |
| Growth Fund | $ | 579,320,516 | | | $ | 139,001,818 | | | $ | (12,728,549 | ) | | $ | 126,273,269 | |
| Bond Fund | $ | 37,567,976 | | | $ | 84,527 | | | $ | (289,406 | ) | | $ | (204,879 | ) |
The tax basis of investments for tax and financial reporting purposes differ principally due to wash sales.
The tax components of distributions paid during the six-month period ended May 31, 2007 (Unaudited) are:
| | | | | Long-term |
| | Ordinary income | | capital gains |
| | distributions | | distributions |
| Growth Fund | $ | 11,295,040 | | | $ | 18,429,147 | |
| Bond Fund | $ | 776,388 | | | $ | - | |
The tax components of distributions paid during the fiscal year ended November 30, 2006, capital loss carryforward as of November 30, 2006 and tax basis post-October losses as of November 30, 2006, which are not recognized for tax purposes until the first day of the following fiscal year are:
| | | | | Long-term | | | | | | |
| | Ordinary income | | capital gains | | Net capital loss | | Post-October |
| | distributions | | distributions | | carryforward* | | losses |
| Growth Fund | $ | 11,125,635 | | | $ | 19,583,334 | | | $ | – | | | $ | – | |
| Bond Fund | $ | 1,226,849 | | | $ | 281,964 | | | $ | 90,180 | | | $ | 119,250 | |
| * Expires November 30, 2014. |
22
The following table presents information relating to a share of capital stock outstanding for the entire period.
| | Six-Month | | | | | | | | | | | | | | | | |
| | Period Ended | | Year Ended November 30, |
| | May 31, 2007 | | | | | | | | | | | | | | | | |
| | (Unaudited) | | | 2006 | | | 2005 | | | 2004 | | | 2003 | | | 2002 | |
| GROWTH FUND | | | | | | | | | | | | | | | | | | | |
| |
| Net Asset Value, Beginning of Period | | $49.95 | | | | $45.85 | | | $46.03 | | | $42.45 | | | $37.85 | | | $46.45 | |
| Income from Investment Operations | | | | | | | | | | | | | | | | | | | |
| Net investment income | | 0.17 | | | | 0.35 | | | 0.27 | | | 0.46 | | | 0.13 | | | 0.22 | |
| Net realized and unrealized gains (losses) | | | | | | | | | | | | | | | | | | | |
| on investments | | 3.42 | | | | 5.14 | | | 0.54 | | | 3.26 | | | 4.83 | | | (4.77 | ) |
| Total from Investment Operations | | 3.59 | | | | 5.49 | | | 0.81 | | | 3.72 | | | 4.96 | | | (4.55 | ) |
| Less Distributions | | | | | | | | | | | | | | | | | | | |
| Distributions from net investment income | | (0.34 | ) | | | (0.27 | ) | | (0.44 | ) | | (0.14 | ) | | (0.25 | ) | | (0.02 | ) |
| Distributions from net realized gains | | (1.62 | ) | | | (1.12 | ) | | (0.55 | ) | | – | | | (0.11 | ) | | (4.03 | ) |
| Total Distributions | | (1.96 | ) | | | (1.39 | ) | | (0.99 | ) | | (0.14 | ) | | (0.36 | ) | | (4.05 | ) |
| |
| Net Asset Value, End of Period | | $51.58 | | | | $49.95 | | | $45.85 | | | $46.03 | | | $42.45 | | | $37.85 | |
| |
| Total Return | | 7.39% | (a) | | 12.32% | | | 1.76% | | | 8.77% | | 13.28% | | (10.65% | ) |
| |
| Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | |
| Net assets, end of period (millions) | | $704.5 | | | | $759.0 | | $1,030.7 | | $1,485.9 | | | $875.6 | | | $520.6 | |
| Ratios to average net assets: | | | | | | | | | | | | | | | | | | | |
| Ratio of expenses | | 1.14% | (b) | | | 1.12% | | | 1.08% | | | 1.05% | | | 1.07% | | | 1.11% | |
| Ratio of expenses without reimbursement† | | 1.14% | (b) | | | 1.12% | | | 1.09% | | | 1.06% | | | 1.11% | | | 1.15% | |
| Ratio of net investment income | | 0.65% | (b) | | | 0.63% | | | 0.50% | | | 1.12% | | | 0.47% | | | 0.68% | |
| Ratio of net investment income | | | | | | | | | | | | | | | | | | | |
| without reimbursement† | | 0.65% | (b) | | | 0.63% | | | 0.49% | | | 1.11% | | | 0.42% | | | 0.65% | |
| Portfolio turnover rate | | 6.46% | (a) | | 17.44% | | 20.48% | | 28.54% | | 41.01% | | 74.07% | |
† Before directed brokerage credits.
(a) Calculated on a non-annualized basis.
(b) Calculated on an annualized basis.
See Notes to Financial Statements.
23
| FINANCIAL HIGHLIGHTS (Continued) | |
| | |
The following table presents information relating to a share of capital stock outstanding for the entire period.
| | Six-Month | | | | | | | | | | | | | | | | |
| | Period Ended | | Year Ended November 30, |
| | May 31, 2007 | | | | | | | | | | | | | | | | |
| | (Unaudited) | | | 2006 | | | 2005 | | | 2004 | | | 2003 | | | 2002 | |
| BOND FUND | | | | | | | | | | | | | | | | | | | |
| |
| Net Asset Value, Beginning of Period | | $10.26 | | | | $10.21 | | | $10.68 | | | $10.86 | | | $10.09 | | | $10.69 | |
| Income from Investment Operations | | | | | | | | | | | | | | | | | | | |
| Net investment income | | 0.24 | | | | 0.44 | | | 0.39 | | | 0.57 | | | 0.58 | | | 0.59 | |
| Net realized and unrealized gains (losses) | | | | | | | | | | | | | | | | | | | |
| on investments | | (0.01 | ) | | | 0.11 | | | (0.36 | ) | | (0.16 | ) | | 0.77 | | | (0.61 | ) |
| Total from Investment Operations | | 0.23 | | | | 0.55 | | | 0.03 | | | 0.41 | | | 1.35 | | | (0.02 | ) |
| Less Distributions | | | | | | | | | | | | | | | | | | | |
| Distributions from net investment income | | (0.24 | ) | | | (0.41 | ) | | (0.42 | ) | | (0.59 | ) | | (0.58 | ) | | (0.58 | ) |
| Distributions from net realized gains | | – | | | | (0.09 | ) | | (0.08 | ) | | – | | | – | | | – | |
| Total Distributions | | (0.24 | ) | | | (0.50 | ) | | (0.50 | ) | | (0.59 | ) | | (0.58 | ) | | (0.58 | ) |
| |
| Net Asset Value, End of Period | | $10.25 | | | | $10.26 | | | $10.21 | | | $10.68 | | | $10.86 | | | $10.09 | |
| |
| Total Return | | 2.28% | (a) | | | 5.64% | | | 0.29% | | | 3.90% | | 13.75% | | (0.16% | ) |
| |
| Ratios/Supplemental Data | | | | | | | | | | | | | | | | | | | |
| Net assets, end of period (millions) | | $36.6 | | | | $32.5 | | | $30.6 | | | $29.7 | | | $41.9 | | | $34.7 | |
| Ratios to average net assets: | | | | | | | | | | | | | | | | | | | |
| Ratio of expenses | | 0.59% | (b) | | | 0.72% | | | 0.80% | | | 0.80% | | | 0.80% | | | 0.87% | |
| Ratio of expenses without reimbursement | | 1.29% | (b) | | | 1.30% | | | 1.28% | | | 1.20% | | | 1.05% | | | 1.08% | |
| Ratio of net investment income | | 4.93% | (b) | | | 4.42% | | | 3.80% | | | 5.00% | | | 5.49% | | | 5.94% | |
| Ratio of net investment income | | | | | | | | | | | | | | | | | | | |
| without reimbursement | | 4.23% | (b) | | | 3.84% | | | 3.31% | | | 4.60% | | | 5.24% | | | 5.73% | |
| Portfolio turnover rate | 29.45% | (a) | | 50.55% | | 25.93% | | 23.52% | | 29.89% | | 20.09% | |
(a) Calculated on a non-annualized basis.
(b) Calculated on an annualized basis.
See Notes to Financial Statements.
24
| ADDITIONAL INFORMATION (Unaudited) | |
| | |
| THOMPSON PLUMB FUNDS |
| |
| DIRECTORS | INVESTMENT ADVISOR |
| Mary Ann Deibele | Thompson Investment Management, Inc. |
| John W. Feldt | 1200 John Q. Hammons Drive |
| Donald A. Nichols | Madison, Wisconsin 53717 |
| Patricia Lipton | |
| John W. Thompson – Chairman | DISTRIBUTOR |
| | Quasar Distributors, LLC |
| OFFICERS | 615 East Michigan Street |
| John W. Thompson, CFA | Milwaukee, Wisconsin 53202 |
| Chief Executive Officer | |
| TRANSFER AGENT |
| John C. Thompson, CFA | U.S. Bancorp Fund Services, LLC |
| President & Chief Operating Officer | 615 East Michigan Street |
| Milwaukee, Wisconsin 53202 |
| Penny M. Hubbard | |
| Chief Financial Officer & Treasurer | INDEPENDENT REGISTERED |
| PUBLIC ACCOUNTING FIRM |
| Nedra S. Pierce | PricewaterhouseCoopers LLP |
| Chief Compliance Officer | 100 East Wisconsin Avenue |
| | Milwaukee, Wisconsin 53202 |
| Jason L. Stephens, CFA | |
| Secretary | LEGAL COUNSEL |
| | Quarles & Brady LLP |
| | 411 East Wisconsin Avenue |
| | Milwaukee, Wisconsin 53202 |
| | |
The Statement of Additional Information contains additional information about the directors and officers of Thompson Plumb Funds, Inc. and is available without charge, upon request, by calling 1-800-999-0887.
Proxy Voting Policy
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities and information regarding how the Funds actually voted proxies during the most recent 12-month period ended June 30 are available without charge, upon request, by calling 1-800-999-0887, through the Funds’ website at www.thompsonplumb.com and on the SEC’s website at www.sec.gov.
Information About Portfolio Securities
The Funds file complete schedules of the portfolio holdings with the Securities and Exchange Commission for the quarters ending February 28 and August 31 (the Funds’ first and third quarters of its fiscal year) on Form N-Q. The Funds’ Forms N-Q are available on the Securities and Exchange Commission’s website at www.sec.gov. You may also review and copy those documents by visiting the Securities and Exchange Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the Securities and Exchange Commission at 1-800-SEC-0330. The Funds’ Forms N-Q are also available without charge, upon request, by calling 1-800-999-0887.
25
07/07
| 
|
Item 2. Code of Ethics.
Not required in Semi-Annual Reports on Form N-CSR.
Item 3. Audit Committee Financial Expert.
Not required in Semi-Annual Reports on Form N-CSR.
Item 4. Principal Accountant Fees and Services.
Not required in Semi-Annual Reports on Form N-CSR.
Item 5. Audit Committee of Listed Registrants.
Not applicable to this Registrant because it is not a “listed issuer” within the meaning of Rule 10A-3 under the Securities Exchange Act of 1934.
Item 6. Schedule of Investments.
The required Schedules of Investments in securities of unaffiliated issuers is included as part of the Registrant’s Semi-Annual Report to shareholders dated as of May 31, 2007 provided under Item 1 of this Form N-CSR.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable to this Registrant because it is not a closed-end management investment company.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to this Registrant because it is not a closed-end management investment company.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Companies and Affiliated Purchasers.
Not applicable to this Registrant because it is not a closed-end management investment company.
Item 10. Submission of Matters to a Vote of Securities Holders.
The Registrant has not made any material changes to the procedures by which shareholders may recommend nominees to the Registrant's Board of Directors.
2
Item 11. Controls and Procedures.
| (a) | | Disclosure Controls and Procedures. Based on an evaluation of the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) carried out under the supervision and with the participation of the Registrant’s management, including its principal executive and financial officers, within 90 days prior to the filing date of this report on Form N-CSR, the Registrant’s principal executive and financial officers have concluded that the design and operation of the Registrant’s disclosure controls and procedures are effective in providing reasonable assurance that the information required to be disclosed on Form N-CSR is recorded, processed, summarized and reported within the applicable time periods. |
| |
| (b) | | Change in Internal Controls Over Financial Reporting. There were no significant changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s second fiscal quarter of the period covered by this Form N-CSR that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting. |
Item 12. Exhibits
The following exhibits are attached to this Form N-CSR:
| Exhibit No. | | Description of Exhibit | |
| 12(a)(1) | | The Code of Ethics for the Registrant’s Principal Executive Officer, Principal Financial Officer and Principal Accounting Officers referred to in Item 2 was filed as Exhibit 12(a)(1) to the Registrant’s Certified Shareholder Report on Form N-CSR filed on January 28, 2005, and is incorporated herein by reference |
| | | |
| 12(a)(2)-1 | | Certification of Principal Executive Officer Required by Section 302 of the Sarbanes-Oxley Act of 2002 |
| | | |
| 12(a)(2)-2 | | Certification of Principal Financial Officer Required by Section 302 of the Sarbanes-Oxley Act of 2002 |
| | | |
| 12(b) | | Certification of Chief Executive Officer and Chief Financial Officer Required by Section 906 of the Sarbanes-Oxley Act of 2002 |
3
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, on this 20th day of July, 2007.
| THOMPSON PLUMB FUNDS, INC. |
| |
| By: | /s/ John W. Thompson |
| John W. Thompson, Chairman and |
| Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated on this 20th day of July, 2007.
| By: | | /s/ John W. Thompson |
| | | John W. Thompson, Chairman and |
| | | Chief Executive Officer (Principal |
| | | Executive Officer) |
| |
| By: | | /s/ Penny Hubbard |
| | | Penny Hubbard, Chief Financial |
| | | Officer (Principal Financial Officer) |
4
