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 811-05339
CONCORDE FUNDS, INC.
(Exact name of registrant as specified in charter)
5430 LBJ Freeway, Suite 1500,
Dallas, TX 75240-2675
(Address of principal executive offices) (Zip code)
Gary B. Wood,
5430 LBJ Freeway, Suite 1500,
Dallas, TX 75240-2675
(Name and address of agent for service)
Registrant’s telephone number, including area code: (972) 404-1500
Date of fiscal year end: September 30
Date of reporting period: June 30, 2004
Item 1. Proxy Voting Record.
Name of Fund:(1) | Concorde Value Fund | ||
Period: | July 1, 2003 through June 30, 2004 | ||
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Tenet Healthcare Corporation | 7/23/2003 | 88033G100 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
1. Directors | Issuer | ||
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | For | 2. Proposal to approve the amended and restated articles of incorporation | Issuer |
For | For | 3. Proposal to ratify selection of independent auditor | Issuer |
Against | Against | 4. Independence of Board of Directors | Shareholder |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Oracle Corporation | 10/13/2003 | 68389X105 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | For | 2. Adoption of the Fiscal Year 2004 Executive Bonus Plan | Issuer |
For | For | 3. Ratify appointment of Independent Auditor | Issuer |
For | For | 4. Approval of Amended and Restated 1993 Directors' Stock Plan | Issuer |
Against | Against | 5. Adopt "China Business Principals for Rights of Workers in China" | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Tyco International, Inc. | 3/25/2004 | 902124106 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | Director 11 | ||
For | For | 2. Appointment of Independent Auditors and authorization for Audit Committee to set the auditor's remuneration | Issuer |
For | For | 3. Adoption of Amended and Restated By-Laws | Issuer |
For | For | 4. Approval of Tyco 2004 Stock and Incentive Plan | Issuer |
For | For | 5. Proposal regarding environmental reporting | Shareholder |
Against | Against | 6. Change Tyco's Jurisdiction of Incorporation from Bermuda to a USA state | Shareholder |
Against | Against | 7. Proposal on "Common Sense" Executive Compensation | Shareholder |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Merck & Co., Inc. | 4/27/2004 | 589331107 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
Not Voted - shares sold prior to meeting date | |||
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Lehman Brothers Holdings Inc. | 4/2/2004 | 524908100 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | For | 2. Ratification of Independent Auditors for Fiscal Year 2004 | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
CH Energy | 4/27/2004 | 12541M102 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Johnson and Johnson | 4/22/2004 | 478160104 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | Director 11 | ||
For | Director 12 | ||
For | Director 13 | ||
For | For | 2. Ratification of Independent Auditors | Issuer |
Against | Against | 3. Proposal on Charitable Contributions | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Louisiana-Pacific Corporation | 5/3/2004 | 546347105 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | For | 2. Approval of Amendment of 1997 Incentive Stock Award Plan | Issuer |
For | For | 3. Approval of Amendment of 2000 Non-Employee Director Restricted Stock Plan | Issuer |
For | For | 4. Approval of Amendment of 1992 Non-Employee Director Stock Option Plan | Issuer |
For | For | 5. Approval of Performance Goals Under Amended and Restated Annual Cash Incentive Award Plan | Issuer |
For | For | 6. Ratification of Selection of Independent Auditors | Issuer |
Against | Against | 7. Stockholder Proposal, Not Recommended by Management, Relating to Separation of the Offices of Chairman and CEO | Stockholder |
Against | Against | 8. Stockholder Proposal, Not Recommended by Management, Relating to Environmental Matters | Stockholder |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Sonic Automotive | 4/22/2004 | 83545G102 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | For | 2. Approval of the 2004 Stock Incentive Plan | Issuer |
For | For | 3. Ratification of Appointment of Deloitte & Touche LLP as the Company's Independent Accountants | |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Altria Group, Inc. | 4/29/2004 | 02209S103 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | For | 2. Ratification of the selection of independent auditors | Issuer |
Against | Against | 3. Stockholder Proposal No. 1 | Stockholder |
Against | Against | 4. Stockholder Proposal No. 2 | Stockholder |
Against | Against | 5. Stockholder Proposal No. 3 | Stockholder |
Against | Against | 6. Stockholder Proposal No. 4 | Stockholder |
Against | Against | 7. Stockholder Proposal No. 5 | Stockholder |
Against | Against | 8. Stockholder Proposal No. 6 | Stockholder |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
MBIA, Inc. | 5/6/2004 | 55262C100 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | For | 2. Approval of appointment of Price Waterhouse Coopers LLP as independent auditors | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Tenet Healthcare Corporation | 5/6/2004 | 88033G100 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | For | 2. Ratify selection of KPMG, LP as independent auditors for fiscal year ending Dec 31, 2004 | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Intel Corporation | 5/19/2004 | 458140100 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | Director 11 | ||
For | For | 2. Ratification of selection of independent auditors | Issuer |
For | For | 3. Approval of the 2004 Equity Incentive Plan | Issuer |
Against | Against | 4. Proposal requesting the expensing of stock options | Shareholder |
Against | Against | 5. Proposal requesting the use of Performance-Vesting Stock | Shareholder |
Against | Against | 6. Proposal requesting the use of Performance-Based Stock Options | Shareholder |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Lockheed Martin Corporation | 4/22/2004 | 539830109 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | Director 11 | ||
For | Director 12 | ||
For | Director 13 | ||
For | Director 14 | ||
For | For | 2. Ratification of appointment of independent auditors | Issuer |
Against | Against | 3. Stockholder proposal by Evelyn Y. Davis | Stockholder |
Against | Against | 4. Stockholder proposal by John Chevedden | Stockholder |
Against | Against | 5. Stockholder proposal by United Association S&P 500 Index Fund | Stockholder |
Against | Against | 6. Stockholder proposal by The Sisters of Mercy and other groups | Stockholder |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Delphi Financial Group | 5/5/2004 | 247131105 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | For | 2. Approval of the Amendment to the 2003 Employee Long-Term Incentive and Share Award Plan | Issuer |
For | For | 3. approval of the adoption of the Annual Incentive Compensation Plan | Issuer |
Against | Against | 4. Shareholder proposal regarding investments in tobacco equities | Shareholder |
For | For | 5. To transact such other business as properly comes before the meeting or any adjournment thereof | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Playtex Products, Inc. | 5/13/2004 | 72813P100 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | For | 2. Ratification of the appointment of KPMG, LLP as independent auditors for fiscal year 2004 | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Waste Management, Inc. | 5/14/2004 | 94106L109 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issue | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | For | 2. Ratify the appointment of Ernst & Young, LLP as the independent auditors for 2004 | Issuer |
For | For | 3. Vote on a proposal to approve 2004 stock incentive plan | Issuer |
For | For | 4. Vote on proposal to approve 2005 annual incentive plan | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Office Depot | 5/14/2004 | 676220106 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | Director 10 | ||
For | Director 11 | ||
For | Director 12 | ||
For | For | 2. Amendment of Company's long-term equity incentive plant to increase the number of shares authorized for issuance under the plan by 15,000,000 shares | Issuer |
For | For | 3. Ratification of appointment of Deloitte & Touche, LLP as the company's independent public accountants | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
First Industrial Realty Trust, Inc. | 5/12/2004 | 32054K103 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | For | 2. Ratification of the selection of Price Waterhouse Coopers LLP as the company's independent auditors | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Conmed Corporation | 5/18/2004 | 207410101 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | For | 2. Ratification of the appointment of Price Waterhouse Coopers LLp as independent accountants for the company for 2004 | Issuer |
For | For | 3. Amendment to 1999 Long-Term Incentive Plan to increase authorized shares by 1.0 million shares | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
IHOP Corporation | 5/25/2004 | 449623107 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | For | 2. Approve and ratify the appointment of Ernst & Young LLP as the independent accountants of the company | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Weatherford International Ltd. | 5/25/2004 | G95089101 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | Director 6 | ||
For | Director 7 | ||
For | Director 8 | ||
For | Director 9 | ||
For | For | 2. Appointment of Ernst & Loung LLP as independent auditors for the year ending Dec 31, 2004, and authorization of the audit committee of the Board of Directors to set Ernst & Young LLP's remuneration | Issuer |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Supervalu Inc. | 5/26/2004 | 868536103 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | Director 5 | ||
For | For | 2. Appointment of KPMG LLP as independent auditor | Issuer |
Against | Against | 3. Consider and vote on stockholder proposal | Stockholder |
Company Name | Meeting Date | CUSIP(2) | Ticker (2) |
Devon Energy Corporation | 6/8/2004 | 25179M103 | |
Vote (3) | MRV (4) | Proposal (5) | Proposed by Issuer or Security Holder (6) |
For | 1. Directors | Issuer | |
For | Director 1 | ||
For | Director 2 | ||
For | Director 3 | ||
For | Director 4 | ||
For | For | 2. Ratify the appointment of KPMG LLP as the company's independent auditor for the year ending Dec 31, 2004 | Issuer |
Against | Against | 3. Revise Director election vote threshold | Shareholder |
Company Name | Meeting Date | CUSIP | Ticker |
ConocoPhillips | 5/5/2004 | 20825c104 | |
Not Voted - Shares sold prior to meeting date | |||
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.
CONCORDE FUNDS, INC.
By (Signature and Title)* /s/ Gary B. Wood, President
Date 8/30/04
* Print the name and title of each signing officer under his or her signature.