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: 811-05071
SATURNA INVESTMENT TRUST
(Exact Name of Registrant as Specified in Charter)
1300 N. State Street
Bellingham, Washington 98225-4730
(Address of Principal Executive Offices, including ZIP Code)
Nicholas F. Kaiser
1300 N. State Street
Bellingham, Washington 98225-4730
(Name and Address of Agent for Service)
Registrant’s Telephone Number- (360) 734-9900
Date of fiscal year end: November 30, 2004
Date of reporting period: June 30, 2004
Saturna Investment Trust, Sextant Growth Fund (SSGFX) | ||||||
Proxy Voting Record relating to shareholder meetings held from July 1, 2003 through June 30, 2004 | ||||||
Proposal # | Issue / Proposals | Shares / Proposed by | Symbol / Directors Recommend | CUSIP / Vote | Meeting Date | |
Gucci Group N.V. | 200 | GUC | 401566104 | 7/16/03 | ||
4A | Adoption of statutory accounts for fiscal 2002 | Issuer | N/A | For | ||
4B | Approval of management and supervision performed during fiscal 2002 | Issuer | N/A | For | ||
5 | Set number of members of supervisory board at eight and appoint eight persons as members of supervisory board | Issuer | N/A | For | ||
6 | Appointment of three persons as members of management board | Issuer | N/A | For | ||
7 | Extend authority of management board to repurchase shares of company's share capital for period of 18 months | Issuer | N/A | For | ||
8 | Amend Articles of Association of company in oder to return capital and authorization to effectuate such amendments | Issuer | N/A | For | ||
9 | Retain PriceWaterhouse Coopers as auditor | Issuer | N/A | For | ||
10 | Approval of company's countrywide incentive stock option | Issuer | N/A | For | ||
Airborne, Inc. | 2,500 | ABF | 9269101 | 8/14/03 | ||
Directors nominations | Issuer | For | For all nominees | |||
1 | Approval of merger agreement | Issuer | For | for | ||
2 | Approval of alternative merger consideration of $21.65 | Issuer | For | For | ||
3 | Approval of ABX AIR supermajority voting provision | Issuer | For | For | ||
4 | Approval of ABX AIR rights agreement | For | For | |||
6 | Approval not to adopt or extend any poison pills | Stochholder | Against | Abstain | ||
7 | Approval to urge an amendment to the bylaws to require a non-executive chairman of the board. | Stochholder | Against | Abstain | ||
8 | Approval of regarding indexed stock options | Stochholder | Against | Abstain | ||
9 | Approval regarding expensing of stock options | Stochholder | Against | Abstain | ||
John Wiley & Sons, Inc. | 2,400 | JW A | 968223206 | 9/18/03 | ||
Directors nominations | Issuer | For | For all nominees | |||
2 | Ratification of auditors | Issuer | For | For | ||
3Com Corporation | 10,000 | COMS | 885535104 | 9/23/03 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of 2003 stock plan with initial share reserve of 20,000,000 | Issuer | For | For | ||
3 | Approval of increase in share reserve under 1984 employee stock purchase plan by 5,000,000 shares | Issuer | For | For | ||
4 | Ratification of auditors | Issuer | For | For | ||
Oracle Corporation | 8,000 | ORCL | 68389X105 | 10/13/03 | ||
1 | Directors nominations | Issuer | For | |||
2 | Approval of 2004 executive bonus plan | Issuer | For | For | ||
3 | Ratification of auditors | Issuer | For | For | ||
4 | Approval of amended and restated 1993 directors' stock plan | Issuer | For | Against | ||
5 | Adoption of "China Business Principles for Rights of Workers in China" | Issuer | Against | Against | ||
Barr Laboratories, Inc. | 3,000 | BRL | 68306109 | 10/23/03 | ||
1 | Directors | Issuer | For | For all nominees | ||
2 | Approval of reincorporation of the company in Delaware | Issuer | For | For | ||
3 | Approval of increase in number of authorized shares of common stock | Issuer | For | Against | ||
Intuit Inc. | 3,000 | INTU | 461202103 | 10/30/03 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of amendment of 1996 employee stock purchase plan to increase shares of common stock by 500,000 | Issuer | For | For | ||
3 | Ratification of auditors | Issuer | For | For | ||
Phoenix Technologies, Ltd. | 3,062 | PTEC | 719153108 | 3/8/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of amendment to 2001 employee stock purchase | Issuer | For | For | ||
3 | Ratification of auditors | Issuer | For | For | ||
Caremark Rx, Inc. | 3,000 | CMX | 141705103 | 3/22/04 | ||
1 | To approve and adopt amendment to Caremark's certificate of incorporation to increase the total authorized shares of common stock from 400 to 700 million. | Issuer | For | For | ||
2 | To approve issuance of Carmark common stock to AdvancePCS stockholders pursuant to merger agreeement. Cougar Merger Corp. will merge with and into AdvancePCS, with AdvancePCS surviving the merger as wholly owned subsidiary of Caremark. | Issuer | For | For | ||
3 | To approve and adopt amendment to Caremark's certificate of incorporation to increase total authorized shares of (A) preferred stock from 9.5 to 10.5 million shares and (B) Series C participating preferred stock form 500,000 to 7 million shares. | Issuer | For | For | ||
4 | To approve Caremark Rx, Inc. 2004 incentive stock plan. | Issuer | For | For | ||
5 | To adjourn or postpone Caremark special meeting, if necessary, for purpose of soliciting additional proxies. | Issuer | For | For | ||
Weyerhaeuser Company | 2,000 | WY | 962166104 | 4/13/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of 2004 long term incentive plan | Issuer | For | For | ||
3 | Proposal to amend company's restated articles of incorporation to authorize annual election of board of directors | Issuer | Against | Abstain | ||
4 | Shareholder proposal relating to accounting for stock options | Shareholder | Against | For | ||
5 | Shareholder proposal relating to equity compensation | Shareholder | Against | For | ||
6 | Shareholder proposal relating to environmental reporting | Shareholder | Against | For | ||
7 | Shareholder proposal relating to old growth and endangered forests | Shareholder | Against | For | ||
8 | Approval on an advisory basis, of appointment of auditors | Issuer | For | For | ||
Sprint Corporation | 4,000 | FON | 852061100 | 4/20/04 | ||
1 | Directors nominations | Issuer | For | For all nominees except #03 | ||
2 | Ratification of auditors | For | For | |||
3 | To consider a shareholder proposal if properly presented at meeting | Issuer | Against | Against | ||
Washington Mutual | 6,750 | WM | 939322103 | 4/20/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Ratification of appointment of independent auditors for 2004 | Issuer | For | For | ||
3 | Shareholder proposal relating to specific compensation program | Stockholders | Against | For | ||
Frontier Financial Corporation | 4,000 | FTBK | 35907K105 | 4/21/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Ratification of auditors | Issuer | For | For | ||
Apple Computer, Inc. | 7,000 | AAPL | 37833100 | 4/22/04 | ||
1 | Directors nominations | Issuer | For | For all nominees except #03 | ||
2 | Ratify appointment of independent auditors for 2004 | Issuer | For | For | ||
3 | Stockholder proposal concerning stock option indexing | Stockholder | Against | Abstain | ||
4 | Stockholder proposal concerning CEO pay cap | Stockholder | Against | For | ||
5 | Stockholder proposal concerning independent chairman | Stockholder | Against | For | ||
6 | Stockholder proposal concering report on outsourcing off-shore | Stockholder | Against | For | ||
Noble Corporation | 3,000 | NE | G65422100 | 4/22/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of appoinment of independent auditors for 2004 | Issuer | For | For | ||
Regal-Beloit Corporation | 2,000 | RBC | 758750103 | 4/22/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
Regal-Beloit Corporation | 2,000 | RBC | 758750103 | 4/22/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | To approve 1998 long term incentive plan, as amended | Issuer | For | For | ||
3 | To approve employee stock purchase plan | Issuer | For | For | ||
4 | To ratify appointment of independent accountants | Issuer | For | For | ||
Adobe Systems Inc. | 4,800 | ADBE | 00724F101 | 4/28/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of amendment to 2003 equity incentive plan increasing share reserve by 4,500,000 shares | Issuer | For | For | ||
3 | Stockholder proposal | Stockholder | Against | For | ||
4 | Stockholder proposal | Stockholder | Against | For | ||
5 | Ratification of appointment of independent public accountants for fiscal year ending December 31, 2004 | Issuer | For | For | ||
Advanced Micro Devices, Inc. | 10,000 | AMD | 7903107 | 4/29/04 | ||
1 | Directors nominations | Issuer | For | For All Nominees | ||
2 | Ratification of appointment of independent auditors | Issuer | For | For | ||
3 | Approval of AMD 2004 equity incentive plan | Issuer | For | For | ||
Bristol-Myers Squibb | 4,500 | BMY | 110122108 | 5/4/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of independent auditors | Issuer | For | For | ||
3 | Publication of political contributions | Shareholder | Against | Abstain | ||
4 | Prohibition of political contributions | Shareholder | Against | Abstain | ||
5 | Separation of chairman and CEO positions | Shareholder | Against | For | ||
6 | HIV/AIDS-TB-Malaria | Shareholder | Against | For | ||
7 | Director vote threshold | Shareholder | Against | Abstain | ||
Caremark Rx, Inc. | 4,000 | CMX | 141705103 | 5/4/04 | ||
1 | Directors nominations | Issuer | For | For All Nominees | ||
Pepsico, Inc. | 2,000 | PEP | 713448108 | 5/5/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of auditors | Issuer | For | For | ||
3 | Approval of 2004 executive incentive compensation plan | Issuer | For | For | ||
4 | Shareholder proposal (proxy statement p.22) | Shareholder | Against | Against | ||
5 | Shareholder proposal (proxy statement p.23) | Shareholder | Against | Against | ||
Amgen Inc. | 2,640 | AMGN | 31162100 | 5/13/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Ratify selection of independent auditors for year ending December 31, 2004 | Issuer | For | For | ||
3A | Stockholder proposal #1 (EEO-1 report) | Shareholder | Against | Against | ||
3B | Stockholder proposal #2 (stock option expensing) | Shareholder | Against | For | ||
Charles Schwab Corporation | 20,415 | SCH | 808513105 | 5/17/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Approval of 2004 stock incentive plan | Issuer | For | For | ||
Westcoast Hospitality Corporation | 15,000 | WEH | 95750P106 | 5/19/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Ratification of appointment of independent certified public accountants | Issuer | For | For | ||
Pharmaceutical Product Development, Inc. | 9,000 | PPDI | 717124101 | 5/19/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | In their discretion proxies are authorized to vote upon such other matters as may properly come before this meeting | Issuer | For | Against | ||
Trimble Navigation Limited | 3,000 | TRMB | 896239100 | 5/19/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | To approve increase of 1,500,000 shares in the number of shares of company's common stock available for issuance under 2002 stock plan | Issuer | For | For | ||
3 | To approve an increase of 300,000 shares in the number of shares of company's common stock available for purchase under 1988 employee stock purchase plan | Issuer | For | For | ||
4 | To ratify appointment of independent auditors for current fiscal year ending December 31, 2004 | Issuer | For | For | ||
Performance Food Group | 3,000 | PFGC | 713755106 | 5/19/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Amendment of employee stock purchase plan | Issuer | For | For | ||
Idacorp Inc. | 3,000 | IDA | 451107106 | 5/20/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | To ratify selection of independent auditor for fiscal year ending December 31, 2004 | Issuer | For | For | ||
3 | To act upon shareholder proposal requesting Idacorp to publish annually in the proxy statement an explanation of board procedures governing donations to and a list of board approved private foundations | Shareholder | Against | Abstain | ||
FPL Group, Inc. | 2,200 | FPL | 302571104 | 5/21/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Ratification of appointment of auditors | Issuer | For | For | ||
3 | Approval of amended and restated long term incentive plan, in an amended form | Issuer | For | Abstain | ||
4 | Approval of annual incentive plan as required by internal revenue code | Issuer | For | For | ||
5 | Approval of performance-based awards provisions of amended and restated long term incentive plan as required by internal revenue code | Issuer | For | Abstain | ||
6 | Approval of amendment to restated articles of incorporation to increase number of authorized shares of common stock | Issuer | For | For | ||
Earthlink, Inc. | 10,000 | ELNK | 270321102 | 5/25/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Ratification of appointment of independent auditors for fiscal year ending December 31, 2004 | Issuer | For | For | ||
Lowe's Companies, Inc. | 4,000 | LOW | 548661107 | 5/28/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Ratification of appointment of independent auditors for 2004 fiscal year | Issuer | For | For | ||
Phelps Dodge Corporation | 1,330 | PD | 717265102 | 5/28/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Shareholder proposal regarding charitable contributions | Shareholder | Against | Abstain | ||
Affymetrix, Inc. | 3,000 | AFFX | 00826T108 | 6/10/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | To approve amended and restated 2000 equity incentive plan | Issuer | For | For | ||
3 | To ratify appointment of independent auditors for fiscal year ending December 31, 2004 | Issuer | For | For | ||
Ligand Pharmaceuticals Inc. | 5,000 | LGND | 53220K207 | 6/11/04 | ||
1 | Directors nominations | Issuer | For | For All Nominees | ||
2 | Amendment of 2002 stock option/stock issuance plan | Issuer | For | For | ||
3 | Amendment to company's amended and restated certificate of incorporation | Issuer | For | For | ||
4 | Appointment of independent auditors | Issuer | For | For |
Saturna Investment Trust, Sextant International Fund (SSIFX) | ||||||
Proxy Voting Record relating to shareholder meetings held from July 1, 2003 through June 30, 2004 | ||||||
Proposal # | Issue / Proposals | Shares / Proposed by | Symbol / Directors Recommend | CUSIP / Vote | Meeting Date | |
Gucci Group N.V. | 200 | GUC | 401566104 | 7/16/03 | ||
4A | Adoption of statutory accounts for fiscal 2002 | Issuer | N/A | For | ||
4B | Approval of management and supervision performed during fiscal 2002 | Issuer | N/A | For | ||
5 | Set number of members of supervisory board at eight and appoint eight persons as members of supervisory board | Issuer | N/A | For | ||
6 | Appointment of three persons as members of management board | Issuer | N/A | For | ||
7 | Extend authority of management board to repurchase shares of company's share capital for period of 18 months | Issuer | N/A | For | ||
8 | Amend Articles of Association of company in oder to return capital and authorization to effectuate such amendments | Issuer | N/A | For | ||
9 | Retain PriceWaterhouse Coopers as auditor | Issuer | N/A | For | ||
10 | Approval of company's countrywide incentive stock option | Issuer | N/A | For | ||
Korea Electric Power Corp. | 2,000 | KEP | 500631106 | 7/31/03 | ||
1 | Selection of Board of Directors | Issuer | For | For | ||
2 | Amendment to articles of incorporation | Issuer | N/A | For | ||
Intrawest Corporation | 2,400 | IDR | 460915200 | 11/10/03 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of auditors | Issuer | For | For | ||
3 | Directors authority to fix remuneration of auditors | Issuer | For | For | ||
Coca-Cola Femsa, S.A. | 1,500 | KOF | 191241108 | 12/9/03 | ||
1 | Consideration and approval of changes to company by-laws | Issuer | N/A | For | ||
2 | Appointment of delegates to officially formalize resolutions adopted at meeting | Issuer | N/A | For | ||
Business Objects S.A. | 6,000 | BOBJ | ||||
1 | Approval of acquisition | Issuer | For | For | ||
2 | Approval of calculation method for the in-kind contributions; approval of amount of capital increase by in kind contributions and number of shares to be issued in consideration for such in-kind contributions; approval of amount and recording of contribution premium; acknowledgement of completion of capital increase and approval of amendment of articles of association | Issuer | For | For | ||
3 | Board authorization to issue warrants to subscribe to maximum number of 15,000 shares reserved for issuance to Mr. David J. Roux | Issuer | For | For | ||
4 | Board authorization to increase share capital by issuance of maximum number of 250,000 shares reserved for subscription to Business Objects S.A. Emplyee Benefits Trust | Issuer | For | For | ||
5 | Board authorization to increase share capital by issuance of maximym number of 50,000 shares reserved for subscription by employees under Business Objects' French Employee Savings Plan | Issuer | For | For | ||
6 | Board authorization to issue Business Objects securities giving immediate or deferred access to Busness Objects share capital with preferential subscription right | Issuer | For | For | ||
7 | Board authorization to issue Business Objects securities giving immediate or deferred access to Busness Objects share capital without preferential subscription right | Issuer | For | For | ||
8 | Approval of modification of method for determination of maximuym annual increase in number of shares of Business Objects which may be subscribed for or purchased pursuant to Business Objects' 2001 Option Plan | Issuer | For | For | ||
9 | Appointment of Mr. David J. Roux as director | Issuer | For | For | ||
10 | Increase of aggregate amount of authorized directors' fees | Issuer | For | For | ||
11 | Grant of full powers of attorney to carry out registrations and formalities | Issuer | For | For | ||
British Sky Broadcasting | 450 | BSY | 111013108 | 11/14/03 | ||
1 | Adoption of report and financial statements | Issuer | N/A | For | ||
2 | Elect Lord Wilson as director | Issuer | N/A | For | ||
3 | Elect James Murdoch as director | Issuer | N/A | For | ||
4 | Elect Chase Carey as director | Issuer | N/A | For | ||
5 | Re-appoint David Evans as director | Issuer | N/A | For | ||
6 | Re-appoint Lord St. John as director | Issuer | N/A | For | ||
7 | Re-appoint Martin Stewart as director | Issuer | N/A | For | ||
8 | Re-appoint Deloitte & Touche as auditors | Issuer | N/A | For | ||
9 | Receive remuneration report of directors | Issuer | N/A | For | ||
10 | Directors authorization to make EU political donations under PPER Act 2000 | Issuer | N/A | Against | ||
11 | Directors authorization to allot shares under Section 80 Companies Act 1985 | Issuer | N/A | For | ||
12 | Disapply statutory pre-emption rights (special resolution) | Issuer | N/A | Against | ||
13 | Reduce share premium account (special resolution) | Issuer | N/A | For | ||
Epcos AG | 2,500 | EPC | 29410P107 | 2/11/04 | ||
2 | Resolution on appropriation of net income | Issuer | For | For | ||
3 | Resolution on exoneration of memebers of management board | Issuer | For | For | ||
4 | Resolution on exoneration of members of supervisory board | Issuer | For | For | ||
5 | Resolution on appointment of auditors | Issuer | For | For | ||
6 | Resolution on amendment of sections 14, 15, and 16 of articles of association | Issuer | For | For | ||
7 | Resolution on authorization to issue convertible and/or warrant-linked bonds, creation of conditional capital 2004 I. | Issuer | For | For | ||
8 | Resolution of cancellation of existing authorized capital, creation of authorization capital 2004, and appropriate amendment of articles of association | Issuer | For | For | ||
9 | Resolution on creation of conditional capital 2004 II to serve the Epcos stock option plan 2004, authorization of Epcos stock option plan 2004, appropriate amendment to articles of association and termination of Epcos stock option plan 1999 | Issuer | For | For | ||
PT Indonesian Satellite Corp. | 1,000 | IIT | 715680104 | 3/8/04 | ||
1 | To approve the change of nominal value of the shares of the company in connection with stock split from RP 500 to RP 100 per share, and amendment to articles of association with respect to such split | Issuer | For | For | ||
2 | To approve delegation of authority to the board of commissioners to determine salary, incentives, insurance, rmuneration and other facilities and allowances of the directors | Issuer | For | For | ||
Coca-Cola Femsa, S.A. | 1,500 | KOF | 191241108 | 3/9/04 | ||
1 | Election of directors, examiners, chairman and secretary of the Board of Directors, and resolution with respect to their remuneration | Issuer | For | |||
Korea Electric Power Corp. | 2,000 | KEP | 500631106 | 3/19/04 | ||
1 | Approval of non-consolidated balance sheet, income statement and proposed appropriation of retained earnings in respect of year 2003 | Issuer | For | For | ||
2 | Selection of President of KEPCO | Issuer | For | For | ||
Toronto-Dominion Bank | 1,400 | TD | 891160509 | 3/25/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of auditors | Issuer | For | For | ||
3 | Amendment to by-law no. 1 (relating to aggregate remuneration of directors) | Issuer | For | For | ||
4 | Shareholder proposal A | Issuer | Against | Against | ||
5 | Shareholder proposal B | Issuer | Against | Against | ||
6 | Shareholder proposal C | Issuer | Against | Against | ||
Enersis S.A. | 4,000 | ENI | 29274F104 | 3/26/04 | ||
E1 | Approval of reinstatement of maximum concentration level of share ownership and concentration factor | Issuer | For | For | ||
E2 | Approval of establishment of pledge over shares issued by CGTF Fortaleza S.A. which are owned by Enersis as security on credit obligations assumed by CGTF Fortaleza S.A. with international finance corporation | Issuer | For | For | ||
E3 | Approval in order to adopt agreements and delegation of powers of attorney required in order to comply with agreements approved by the shareholder's meeting | Issuer | For | For | ||
O1 | Approval of annual report, financial statements and report of external auditors and inspectors of accounts corresponding to period ended Dec. 31, 2003 | Issuer | For | For | ||
Canon Inc. | 1,000 | CAJ | 138006309 | 3/30/04 | ||
1 | Approval of proposal of profit appropriation for 103rd business term | Issuer | For | For | ||
2 | Partial amendment of the articles of incorporation | Issuer | For | For | ||
3 | Electiono of 27 directors | Issuer | For | For | ||
4 | Election of 3 corporate auditors | Issuer | For | For | ||
5 | Election of additional accounting auditor | Issuer | For | For | ||
6 | Grant of retiring allowance to directors and corporate auditors to be retired | Issuer | For | For | ||
7 | Revision of the remunerations for directors and corporate auditors | Issuer | For | For | ||
Rio Tinto PLC | 500 | RTP | 767201400 | 4/7/04 | ||
1 | Authority to allot relevant securities under Section 80 of the Companies Act 1955 | Issuer | For | Abstain | ||
2 | Authority to allot equity securities for cash under Section 89 of the Companies Act 1955 | Issuer | For | Abstain | ||
3 | Authority to purchase Rio Tinto Plc shares by the company or Rio Tinto Limited | Issuer | For | For | ||
4 | Approval of Mining Companies Comparative Plan 2004 and Rio Tinto Share Option Plan 2004 | Issuer | For | For | ||
5 | Election of John Kerr as director | Issuer | For | For | ||
6 | Re-election of Leigh Clifford as director | Issuer | For | For | ||
7 | Re-election of Guy Elliott as director | Issuer | For | For | ||
8 | Re-election of Richard Sykes as director (member of remunerations committee) | Issuer | For | For | ||
9 | Re-election of Richard Giordano as director (member of audit, nominations, social/environmental account committees) | Issuer | For | For | ||
10 | Re-appointment of auditors and authority to determine their remuneration | Issuer | For | For | ||
11 | Approval of remuneration report | Issuer | For | For | ||
12 | Receive annual report and financial statements for YE Dec. 31, 2003 | Issuer | For | For | ||
AXA | 3000 | AXA | 28M001005 | 4/14/04 | ||
1 | Approval of company's 2003 financial statements | Issuer | N/A | For | ||
2 | Approval of consolidated financial statements for 2003 | Issuer | N/A | For | ||
3 | Earnings appropriation and declaration of dividend of E0.38 | Issuer | N/A | For | ||
4 | Approval of agreements mentioned in Auditor's special report | Issuer | N/A | For | ||
5 | Re-election of Mr. Claude Bebear to supervisory board, for four-year term | Issuer | N/A | For | ||
6 | Re-election of Statutory Auditor Mazars & guerard, for six-year term | Issuer | N/A | For | ||
7 | Appointment of alternate auditor Mr. Jean-Louis Simon, for a six-year term | Issuer | N/A | For | ||
8 | Appointment of Mr. Willy Avereyn to the supervisory board, representing employee shareholders, for a four-year term, if thirteenth resolution contained herein is adopted | Issuer | N/A | For | ||
9 | Appointment of Mr. Cees de Jong to supervisory board, representing employee shareholders, for four-year term, if thirteenth resolution contained herein is adopted | Issuer | N/A | For | ||
10 | Appointment of Mr. Jacques Tabourot to supervisory board, representing employee stocholders, for a four-year term, if the thirteenth resolution contained herein is adopted. | Issuer | N/A | For | ||
11 | Authorization granted to management board to trade in company's shares: maximum purchase price E35; minimum selling sale price (E12) | Issuer | N/A | For | ||
EXTRAORDINARY RESOLUTIONS | ||||||
12 | Delegation to management board to issue equity in the event of a public offer to purchase or exchange securities and company | Issuer | N/A | For | ||
13 | Statutory modifications related to appointment of supervisory board member representing employee shareholders | Issuer | N/A | For | ||
14 | Election of employee representative to supervisory board. | Issuer | N/A | Abstain | ||
15 | Authorization given to management board to cancel shares and reduce capital | Issuer | N/A | Abstain | ||
16 | Authorization to comply with all formal requirements in connection with this meeting | Issuer | N/A | For | ||
4 | Proposal by shareholders that Board adopt compensation program limiting the compensation of senior executives to specified levels | Issuer | N/A | For | ||
5 | Proposal by shareholders that Board report on how company will respond to pressure to increase access to and affordability of prescription drugs | Issuer | N/A | For | ||
Eli Lilly and Company | 800 | LLY | 532457108 | 4/19/04 | ||
1 | Directors nominations | Issuer | For | For All Nominees | ||
2 | Ratification of the appointment by the audit committee of the board of directors of auditors for 2004 | Issuer | For | For | ||
3 | Approve bonus plan | Issuer | For | For | ||
4 | Proposal by shareholders that Board adopt compensation program limiting the compensation of senior executives to specified levels | Issuer | Against | Against | ||
5 | Proposal by shareholders that Board report on how company will respond to pressure to increase access to and affordability of prescription drugs | Issuer | Against | Against | ||
Canadian Pacific Railway Ltd. | 1,200 | CP | 13645T100 | 4/20/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of auditors | Issuer | For | For | ||
Aegon N.V. | 2,196 | AEG | 28M001005 | 4/22/04 | ||
2.2 | Approval of the adoption of annual accounts 2003 | Issuer | For | For | ||
2.4 | Approval of final dividend | Issuer | For | For | ||
2.5 | Approval of resolution to release members of executive board from liability of their duties | Issuer | For | Abstain | ||
2.6 | Approval of resolution to release members of supervisory board from liability of their duties | Issuer | For | Abstain | ||
3.1 | Approval of appointment of independent auditors | Issuer | For | For | ||
3.2 | Approval of future annual reports in english. | Issuer | For | For | ||
4.2 | Approval of adoption of remuneration policy of executive board | Issuer | For | For | ||
5.1a | Approval of reappointment of T. Rembe to supervisory board | Issuer | For | For | ||
5.1b | Approval of reappointment of O.J. Olcay to supervisory board | Issuer | For | For | ||
5.2a | Approval of reappointment of R. Dahan to supervisory board | Issuer | For | For | ||
5.2b | Approval of reappointment of I.W. Bailey, II to supervisory board | Issuer | For | For | ||
5.2c | Approval of reappointment of P. Voser to supervisory board | Issuer | For | For | ||
6.1 | Approval of authorization to issue shares of the Company | Issuer | For | For | ||
6.2 | Approval of authorization to restrict or exlude pre-emptive rights upon issuance of shares | Issuer | For | Against | ||
6.3 | Approval of authorization to issue shares under incentive plans | Issuer | For | For | ||
6.4 | Approval of authorization to acquire shares of the Company | Issuer | For | For | ||
DESC, S.A. DE C.V. | 4,500 | DES | 250309101 | 4/26/04 | ||
5b1 | Ernesto Vega Velasco, as chairman of evaluation and compensation committee | Issuer | For | For | ||
5b2 | Carlos Gonzalez Zabalegui, as member of evaluation and compensation committee | Issuer | For | For | ||
5b3 | Valentin Diez Morodo, as member of evaluation and compensation committee | Issuer | For | For | ||
5b4 | Prudencio Lopez Martinez, as chairman of audit committee | Issuer | For | For | ||
5b5 | Ruben Aguilar Monteverde, as member of audit committee | Issuer | For | For | ||
5b6 | Ernsto Vega Velasco, as member of audit committee | Issuer | For | For | ||
5b7 | Fernando Senderos Mestre, as chairman of finance and planning committee | Issuer | For | For | ||
5b8 | Carlos Gomez Y Gomez, as member of finance and planning committee | Issuer | For | For | ||
5b9 | Federico Fernandez Senderos, as member of finance and planning committee | Issuer | For | For | ||
5b10 | Ernesto Vega Velasco, as member of finance and planning committee | Issuer | For | For | ||
5c | Messrs. Joe Manuel Canal Hernando and Daniel Del Barrio Burgos as statutory auditor and alternate statutory auditor | Issuer | For | For | ||
5d | Dissolution of executive committee resulting in the assumption by CEO of Desc of duties of executive committee | Issuer | For | Against | ||
6 | Resolution on compensation to directors and statutory examiners | Issuer | For | For | ||
7 | Report of board of directors, as provided in Article 60, Section III of General Rules applicable to stock issuers and other participants of stock market issued by Mexican Banking and Securities Commission | Issuer | For | For | ||
8 | Designation of deputies to formalize the resolutions adopted at meeting | Issuer | For | For | ||
9 | Reading and approval of minutes of meeting | Issuer | For | For | ||
Fairmont Hotels & Resorts Inc. | 1,100 | FHR | 305204109 | 4/27/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of auditors | Issuer | For | For | ||
3 | Ordinary resolution approving and reconfirming amended and restated shareholder rights plan of the corporation | Issuer | For | For | ||
ING Groep N.V. | 1,448 | ING | 456837103 | 4/27/04 | ||
3A | Discussion and adoption of annual accounts for 2003 | Issuer | For | For | ||
3B | Adoption of dividend for 2003 | Issuer | For | For | ||
4 | Appointment of auditor | Issuer | For | For | ||
5A | Proposal to discharge executive board in respect of duties performed during 2003 | Issuer | For | For | ||
5B | Proposal to discharge supervisory board in respect of duties performed during 2003 | Issuer | For | For | ||
7A | Executive board remuneration: adoption of remuneration policy | Issuer | For | Abstain | ||
7B | Executive board remuneration: approval of long-term incentive plan | Issuer | For | Abstain | ||
8 | Amendments to articles of association | Issuer | For | For | ||
9A | Composition of executive board: appointment of Eric Boyer De La Giroday | Issuer | For | For | ||
9B | Composition of executive board: appointment of Eli Leenaars | Issuer | For | For | ||
9C | Composition of executive board: appointment of Hans Verkoren | Issuer | For | For | ||
10 | Composition of supervisory board: appointment of Eric Bourdais de Charbonniere | Issuer | For | For | ||
11 | Authorization to issue shares and to restrict or exclude preferential rights | Issuer | For | For | ||
12 | Authorization to acquire shares in its own capital | Issuer | For | For | ||
Encana Corporation | 1,000 | ECA | 292505104 | 4/28/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of auditors at a remuneration to be fixed by board of directors | Issuer | For | For | ||
3 | Confirmation of new by-law no. 1 | Issuer | For | For | ||
4 | Approval of amendments and reconfirmation of shareholder rights plan | Issuer | For | For | ||
Lan Chile S.A. | 3,500 | LFL | 501723100 | 4/30/04 | ||
A | Approval of company's annual report, balance sheet and financial statements for year end December 31, 2003 | Issuer | For | For | ||
B | Approval of dividend to be paid not less than legal 30% minimum to be charged to 2003 profits and from which divdend shall be discounted the provisory divdends of US$ 0.0363221 and use of US$ 0.073425 (per share) paid on August 2003 and October 2003 respectively. Dividend to be agreed shall be paid from May 13, 2004 | Issuer | For | For | ||
C | Election of board of directors | Issuer | For | Abstain | ||
D | Fix director's fees for 2004 | Issuer | For | Abstain | ||
E | Fix directors' committee fees for 2004 and determintion of its budget | Issuer | For | Abstain | ||
F | Appointment of external auditors | Issuer | For | Abstain | ||
G | Appointment of rating agencies | Issuer | For | Abstain | ||
H | Status of transactions referred to in Article 44 of Act No. 18,046 on corporations (transactions held with related persons) | Issuer | For | Abstain | ||
I | Information on processing, printing and mailing cost of information referred to in order no. 1494 of Chilean Securities Authority | Issuer | For | Abstain | ||
CRH PLC | 2,000 | CRHCY | 12626K203 | 5/5/04 | ||
Directors nominations | Issuer | For | For all nominees | |||
1 | Consideration of financial statements and reports of directors and auditors | Issuer | For | For | ||
2 | Declaration of dividend | Issuer | For | For | ||
4 | Remuneration of auditors | Issuer | For | For | ||
5 | Disapplication of pre-emption rights | Issuer | For | Abstain | ||
6 | Authority to offer scrip dividends | Issuer | For | For | ||
7 | Replacement of Article 14 of articles of association | Issuer | For | For | ||
8 | Amendment to Article 153 of articles of association | Issuer | For | For | ||
9 | Amendment to article 62 and new articles 8A of Articles of Association | Issuer | For | For | ||
10 | Authority to purchase own ordinary/income shares | Issuer | For | For | ||
11 | Authority in relation to re-issue price range of teasury shares | Issuer | For | For | ||
Potash Corporation of Saskatchewan Inc. | 500 | POT | 73755L107 | 5/6/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of auditors | Issuer | For | For | ||
3 | Shareholder proposal | Shareholders | Against | For | ||
Total S.A. | 500 | TOT | 89151 E109 | 5/7/04 | ||
A | Directors nominations | Issuer | For | For all nominees | ||
1 | Approval of certain reports and of parent company's financial statements | Issuer | For | For | ||
2 | Approval of consolidated financial statements | Issuer | For | For | ||
3 | Allocation of income, approval of dividend | Issuer | For | For | ||
4 | Agreements mentioned in article L. 225-38 of French Commercial Code | Issuer | For | For | ||
5 | Authorization to trade Company's own shares | Issuer | For | For | ||
6 | Authorization for board of directors to issue debt securities and/or perpetual subordinated notes for a maximum nominal amount of E10 billion | Issuer | For | Against | ||
10 | Appointment of Daniel Boeuf as director representing employee shareholders in application of Article 11 of articles of incorporation | Issuer | For | For | ||
11 | Appointment of Philippe Marchandise as director representing employee sharholders in application of article 11 of articles of incorporation | Issuer | For | For | ||
12 | Appointment of Cyril Mouche as director representing shareholders in application of article 11 of articles of incorporation | Issuer | For | For | ||
13 | Appointment of Alan Cramer as director representing employee shareholders in application of article 11 of articles of incorporation | Issuer | For | For | ||
14 | Appointment of statutory auditors | Issuer | For | For | ||
15 | Renewal of statutory auditors | Issuer | For | For | ||
16 | Appointment of alternate auditor | Issuer | For | For | ||
17 | Appointment of alternate auditor | Issuer | For | For | ||
18 | Determination of total amount of directors' compensation | Issuer | For | Against | ||
19 | Authorization to award options to subscribe for or purchase stock of the Company in favour of management and key employees of Group | Issuer | For | Abstain | ||
20 | Authorization for issuing convertible or other equity securities | Issuer | For | For | ||
21 | Authorization to use the above delegation without maintenance of preferential subscription rights, but with an option to grant a priority period | Issuer | For | Against | ||
22 | Capital increase reserved for employees | Issuer | For | For | ||
Hanson PLC | 1,100 | HAN | 411349103 | 5/13/04 | ||
Directors nominations | Issuer | For | For all nominees | |||
1 | Accounts and the reports of directors and auditors for the YE December 31, 2003 | Issuer | For | For | ||
2 | Remuneration report | Issuer | For | For | ||
3 | Declaration of dividend of 11.95 pence | Issuer | For | For | ||
5 | Re-appointment of auditors and determination of auditors' remuneration | Issuer | For | For | ||
6A | Authority to allot shares generally | Issuer | For | For | ||
6B | Limited authority to allot shares for cash | Issuer | For | For | ||
7 | Limited authority to purchase shares | Issuer | For | For | ||
Glaxosmithkline PLC | 400 | GSK | 37733W105 | 5/17/04 | ||
1 | To receive and adopt directors' report and financial statements | Issuer | For | For | ||
2 | To approve remuneration report | Issuer | For | For | ||
3 | To elect Mr. H. Lawrence Culp as director | Issuer | For | For | ||
4 | To elect Mr. Crispin Davis as director | Issuer | For | For | ||
5 | To elect Sir Robert Wilson as director | Issuer | For | For | ||
6 | To elect Dr. Tachi Yamada as director | Issuer | For | For | ||
7 | To re-elect Sir Christopher Hogg as director | Issuer | For | For | ||
8 | Re-appointment of auditors | Issuer | For | For | ||
9 | Remuneration of auditors | Issuer | For | For | ||
S10 | Authorise company to make donations to EU political organisations and incur EU political expenditure | Issuer | For | Against | ||
S11 | Disapplication of pre-emption rights | Issuer | For | Against | ||
S12 | Authority for company to purchase its own shares | Issuer | For | For | ||
Enel S.P.A. | 800 | EN | 29265W108 | 5/21/04 | ||
1 | Approval of financial statements of reports of board of directors, board of statutory auditors and external auditors | Issuer | For | For | ||
2 | Approval of allocation of net income for the year and distribution of available reserves | Issuer | For | For | ||
3 | Election of board of statutory auditors | Issuer | For | For | ||
4 | Determination of compensation of regular members of board of statutory auditors | Issuer | For | For | ||
E1 | Harmonization of bylaws with reform of corporate law (Legislative decree N.6 of January 17, 2003) | |||||
E2 | Delegation to board of directors of power to increase share capital in connection with 2004 stock option plan by a maximum amount of 38,527,550 euros | Issuer | For | For | ||
BCE Inc. | 1,600 | BCE | 05534B109 | 5/26/04 | ||
1 | Directors nominations | Issuer | For | For all nominees | ||
2 | Appointment of auditors | Issuer | For | For | ||
3A | Disclose directorships of each nomee director for past five years | Shareholder | For | For | ||
3B | Prohibit CEO from serving on board of another listed company | Shareholder | Against | For | ||
3C | Supplemental disclosure of executive pension plans | Shareholder | Against | For | ||
3D | Require all insiders to give 10 days notice of intent to trade in BCE securities | Shareholder | Against | Against | ||
3E | Prohibit auditors from providing any services other than audit and audit-related services | Shareholder | Against | For | ||
Business Objects S.A. | 18,000 | BOBJ | 12328X107 | 6/2/04 | ||
1 | Approval of financial statements for fiscal year endied Dec. 31, 2003 | Issuer | For | For | ||
2 | Approval of consolidated financial statements for fiscal year ended Dec. 31, 2003 | Issuer | For | For | ||
3 | Allocation of earnings for fiscal year ended Dec. 31, 2003 | Issuer | For | For | ||
4 | Renewal of term of office of Mr. Arnold Silverman as Director | Issuer | For | For | ||
5 | Renewal of term of office of Mr. Albert Eisenstate as Director | Issuer | For | For | ||
6 | Renewal of term of office of Mr. Bernard Charles as Director | Issuer | For | For | ||
7 | Appointment of Mr. Kurt Lauk as Director | Issuer | For | For | ||
8 | Ratification of regulated agreement | Issuer | For | Abstain | ||
9 | Approval of regulated agreement | For | Abstain | |||
10 | Authorization granted to board of directors to repurchase ordinary shares of the company | Issuer | For | For | ||
11 | Authorization granted to board of directors to reduce share capital by cancellation of treasury shares | Issuer | For | For | ||
12 | Authorization granted to board of directors to issue warrants to subscribe 45,000 ordinary shares reserved for Mr. Arnold Silverman | Issuer | For | For | ||
13 | Authorization granted to board of directors to issue warrants to subscribe 45,000 ordinary shares reserved for Mr. Albert Eisenstat | Issuer | For | For | ||
14 | Authorization granted to board of directors to issue warrants to subscribe 45,000 ordinary shares reserved for Mr. Bernard Charles | Issuer | For | For | ||
15 | Authorization granted to board of directors to issue warrants to subscribe 45,000 ordinary shares reserved for Mr. Kurt Lauk | Issuer | For | For | ||
16 | Authorization granted to board of directors to issue warrants to subscribe 30,000 ordinary shares reserved for Mr. Gerald Held | Issuer | For | For | ||
17 | Authorization granted to board of directors to issue warrants to subscribe 30,000 ordinary shares reserved for Mr. Jean-Francois Heitz | Issuer | For | For | ||
18 | Authorization granted to board of directors to issue warrants to subscribe 30,000 ordinary shares reserved for Mr. David Peterschmidt | Issuer | For | For | ||
19 | Authorization granted to board of directors to issue warrants to subscribe 30,000 ordinary shares reserved for Mr. David Roux | Issuer | For | For | ||
20 | Authorization of board of directors to increase share capital through issuance of up to 100,000 ordinary shares reserved to the members of the Company Employee French Savings Plan | Issuer | For | For | ||
21 | Re-affirmation of price-setting conditions of ordinary shares reserved for issuance under the 1995 international employee stock purchase plan | Issuer | For | For | ||
22 | Authorization granted to board of directors to increase share capital through issuance of up to 325,000 ordinary shares, the subscription to the Business Objects S.A. Employee Benefits Trust under 1995 international employee stock purchase plan | Issuer | For | For | ||
23 | Authorization granted to board of directors to increase share capital through issuance of up to 475,000 ordinary shares, the subscription to which is reserved to the 2004 Business Objects S.A. Employee Benefits Trust under 2004 international employee stock purchase plan | Issuer | For | For | ||
24 | Authorization granted to board of directors to increase share capital by issuance of 2,500,000 ordinary shares, the subscription to which is reserved to Employee Benefit Sub-Plan Trust under 2001 stock option plan | Issuer | For | For | ||
25 | Authorization granted to board of directors to amend 2001 stock option plan, rename it the 2001 stock incentive plan and approval of adoption of subsidiary stock incentive sub-plan under 2001 stock incentive plan | Issuer | For | For | ||
26 | Authorization granted to board of directors to issue ordinary shares or other securities giving immediate or deferred access to company's share capital, with preferential subscription rights | Issuer | For | For | ||
27 | Authorization granted to board of directors to issue ordinary shares or other securities giving immediate or deferred access to company's share capital, without preferential subscription rights | Issuer | For | For | ||
28 | Authorizaiton granted to board of directors to increase share capital of company by incorporation of reserves, profits or premiums | Issuer | For | For | ||
29 | Authorization granted to board of directors to increase share capital reserved for subscription by qualified institutional buyers | Issuer | For | For | ||
30 | Authorization granted to board of directors to increase share capital reserved for subscription by present and future members of board of directors of company | Issuer | For | For | ||
31 | Approval of amendment of articles of association of company such that they are in conformity with new provisions of French Commercial Code as amended by French Law 2003-706 of August 1, 2003 on Financial Security | Issuer | For | For | ||
32 | Approval of amendment of nineteenth paragraph of article 6 of articles of association relating to cancellation of warrants | Issuer | For | For | ||
33 | To grant full powers of attorney to carry out registrations and formalities | Issuer | For | For | ||
Aventis | 508 | AVE | 280100108 | 6/11/04 | ||
Approval of 2003 parent-company financial statement | Issuer | For | For All Nominees | |||
1 | Approval of 2003 consolidated financial statements | Issuer | For | For | ||
2 | Approval of appropreation of earnings and approval of dividend of Euro 0.82 for distribution to shareholders | Issuer | For | For | ||
3 | Approval of regulated agreements | Issuer | For | For | ||
4 | Appoval of institution of share repurhase program | Issuer | For | For | ||
5 | Approval of appointment of Mr. Yves Nicolas, as subsititue auditor | Issuer | For | For | ||
6 | Approval to amend Article 7 of articles of association and by-laws | Issuer | For | For | ||
7 | Aproval to amend Article 11 of articles of association and b-laws managmen board | Issuer | For | Abstain | ||
8 | Approval to amend Article 13 of by-laws management | For | Abstain | |||
9 | Approval of renewal of mandaet of a supervisory board member, Mr. Jean-Marc Bruel | Issuer | For | For | ||
10 | Approval of renewal of mandate of supervisory board member, Mr. Martin Fruhauf | Issuer | For | For | ||
11 | Approval of renewal of mandate of supervisory board member, Mr. Serge Kampf | Issuer | For | For | ||
12 | Approval of renewal of mandate of supervisory board member, Mr. Hubert Markl | Issuer | For | For | ||
13 | Approval of renewal of mandate of supervisory board member, Mr. Gunter Metz | Issuer | For | For | ||
14 | Approval of renewal of mandate of supervisory board member, Mr. Didier Pineau-Valencienne | Issuer | For | For | ||
15 | Approval of renewal of mandate of supervisory board member, Ms. Seham Razzouqi | Issuer | For | For | ||
16 | Approval of renewal of mandate of supervisory board member, Mr. Michel Renault | Issuer | For | For | ||
17 | Approval of renewal of mandate of supervisory board member, Mr. Hans-Jurgen Schinzler | Issuer | For | For | ||
18 | Approval of renewal of mandate of supervisory board member, Mr. Marc Vienot | Issuer | For | For | ||
19 | Approval of granting of power-of-attorney for all formalities in connection with annual general meeing | Issuer | For | For | ||
20 | Approval of granting of power-of-attorney for all formalities in connection with annual general meeing | Issuer | For | For | ||
Sony Corporation | 1,000 | SNE | 835699307 | 6/22/04 | ||
C1 | To amend part of articles of incorporation | Issuer | For | For | ||
C2 | To elect 16 directors | Issuer | For | For | ||
C3 | To issue stock acquisition rights for shares of common stock for purpose of granting stock options | Issuer | For | For | ||
C4 | To issue stock acquisition rights for shares of subsidiary tracking stock for purpose of granting stock options | Issuer | For | For | ||
S5 | To amend articles of incorporation with respect to disclosure to shareholders of remuneration and other amounts paid to each director and corporate executive officer | Shareholder | Against | For | ||
PT Indonesian Satellite Corp. TBK | 1,000 | IIT | 715680104 | 6/22/04 | ||
1 | To approve annual report and to ratify financial statement for fiscal year ended Dec. 31, 2003 | Issuer | For | For | ||
2 | To approve allocation of net profit for rserve fund, dividends and other purposes and to approve determination of amount, time and manner of payment of dividends for financial year ended Dec. 31, 2003 | Issuer | For | For | ||
3 | To determine remuneration for board of commissioner of company for year 2004 and bonus for board of commissioner for year 2003 | Issuer | For | For | ||
4 | To approve appointment of independent auditor for financial year ended Dec. 31, 2003 | Issuer | For | For | ||
5 | To approve second phase exercise price in relation to company's employee stock option program ("ESOP"), which has been approved during the annual general meeting of shareholders | Issuer | For | For | ||
6 | To approve proposed change of composition of board of commissioners and/or board of directors | Issuer | For | For | ||
Nissan Motor Co. Ltd. | 2,000 | NSANY | 654744408 | 6/23/04 | ||
1 | Approval of appropriation of retained earnings for 105th fiscal year | Issuer | For | For | ||
2 | Amendment to articles of incorporation | Issuer | For | For | ||
3 | Issuance of Shinkabu-Yoyakuken (stock acquisition right) without consideration as stock options to employees and directors and employees of its subsidiaries and affiliates | Issuer | For | For | ||
4 | Acquisition of own shares (treasury stocks) | Issuer | For | For | ||
5A | Election of statutory auditor: Hiroshi Moriyama | Issuer | For | For | ||
5B | Election of statutory auditor: Shinji Ichishima | Issuer | For | For | ||
5C | Election of statutory auditor: Keishi Imamura | Issuer | For | For | ||
5D | Election of statutory auditor: Haruo Murakami | Issuer | For | For | ||
6 | Granting of retirement allowance to retiring statutory auditors | Issuer | For | Abstain |
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 durly authorized.
SATURNA INVESTMENT TRUST
By /s/ Nicholas Kaiser
Nicholas Kaiser, President
Date: August 31, 2004