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: 811-06110
Western Asset Funds, Inc.
Name of Fund:
100 International Drive
Baltimore, MD 21202
Fund Address:
Robert I. Frenkel
Western Asset Funds, Inc
100 First Stamford Place
Stamford, CT 06902
Name and address of agent for service:
Registrant’s telephone number, including area code: 1-877-721-1926
Date of fiscal year end: Multiple fiscal year ends
Date of reporting period: 07/01/2012–06/30/2013
Item 1 – Proxy Voting Record:
Proxy Voting Record – Attached on behalf of Western Asset High Yield Fund.
There were no proxies voted on behalf of Western Asset Asian Opportunities Fund, Western Asset Intermediate Bond Fund, Western Asset Total Returned Unconstrained Fund, Western Asset Core Bond Fund, Western Asset Core Plus Bond Fund, Western Asset Inflation-Indexed Plus Bond Fund, Western Asset Global Government Bond Fund, Western Asset Global Multi-Sector Fund and Western Asset Enhanced Equity Fund.
On or about October 5, 2012, Western Asset Limited Duration Bond Fund was merged into Western Asset Short-Term Bond Fund (A Series of Legg Mason Partners Income Trust).
Effective August 1, 2012, Western Asset Non-U.S. Opportunity Bond Fund was renamed Western Asset Global Government Bond Fund.
******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-06110 Reporting Period: 07/01/2012 - 06/30/2013 Western Asset Funds, Inc. ==================== Western Asset Asian Opportunities Fund ==================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ========================= Western Asset Core Bond Fund ========================= There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ====================== Western Asset Core Plus Bond Fund ======================= There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ====================== Western Asset Enhanced Equity Fund ====================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ================== Western Asset Global Government Bond Fund =================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ==================== Western Asset Global Multi-Sector Fund ==================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ======================== Western Asset High Yield Fund ========================= CHARTER COMMUNICATIONS, INC. Ticker: CHTR Security ID: 16117M305 Meeting Date: APR 30, 2013 Meeting Type: Annual Record Date: MAR 01, 2013 # Proposal Mgt Rec Vote Cast Sponsor 1.1 DIRECTOR-W. LANCE CONN For Withheld Management 1.2 DIRECTOR-DARREN GLATT For Withheld Management 1.3 DIRECTOR-CRAIG A. JACOBSON For Withheld Management 1.4 DIRECTOR-BRUCE A. KARSH For Withheld Management 1.5 DIRECTOR-EDGAR LEE For Withheld Management 1.6 DIRECTOR-JEFFREY A. MARCUS For Withheld Management 1.7 DIRECTOR-JOHN D. MARKLEY, JR. For Withheld Management 1.8 DIRECTOR-DAVID C. MERRITT For Withheld Management 1.9 DIRECTOR-STAN PARKER For Withheld Management 1.10 DIRECTOR-THOMAS M. RUTLEDGE For Withheld Management 1.11 DIRECTOR-ERIC L. ZINTERHOFER For Withheld Management 2 AN AMENDMENT INCREASING THE NUMBER OF For Against Management SHARES IN THE COMPANY'S 2009 STOCK INCENTIVE PLAN. 3 THE RATIFICATION OF THE APPOINTMENT OF For For Management KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDED DECEMBER 31, 2013. -------------------------------------------------------------------------------- CITIGROUP INC. Ticker: C Security ID: 172967424 Meeting Date: APR 24, 2013 Meeting Type: Annual Record Date: FEB 25, 2013 # Proposal Mgt Rec Vote Cast Sponsor 1A. ELECTION OF DIRECTOR: MICHAEL L. CORBAT For For Management 1B. ELECTION OF DIRECTOR: FRANZ B. HUMER For For Management 1C. ELECTION OF DIRECTOR: ROBERT L. JOSS For For Management 1D. ELECTION OF DIRECTOR: MICHAEL E. For For Management O'NEILL 1E. ELECTION OF DIRECTOR: JUDITH RODIN For For Management 1F. ELECTION OF DIRECTOR: ROBERT L. RYAN For For Management 1G. ELECTION OF DIRECTOR: ANTHONY M. For For Management SANTOMERO 1H. ELECTION OF DIRECTOR: JOAN E. SPERO For For Management 1I. ELECTION OF DIRECTOR: DIANA L. TAYLOR For For Management 1J. ELECTION OF DIRECTOR: WILLIAM S. For For Management THOMPSON, JR. 1K. ELECTION OF DIRECTOR: ERNESTO ZEDILLO For For Management PONCE DE LEON 2. PROPOSAL TO RATIFY THE SELECTION OF For For Management KPMG LLP AS CITI'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2013. 3. ADVISORY APPROVAL OF CITI'S 2012 For For Management EXECUTIVE COMPENSATION. 4. AMENDMENT TO THE CITIGROUP 2009 STOCK For For Management INCENTIVE PLAN (RELATING TO DIVIDEND EQUIVALENTS). 5. STOCKHOLDER PROPOSAL REQUESTING THAT Against Against Shareholder EXECUTIVES RETAIN A SIGNIFICANT PORTION OF THEIR STOCK UNTIL REACHING NORMAL RETIREMENT AGE. 6. STOCKHOLDER PROPOSAL REQUESTING A Against Against Shareholder REPORT ON LOBBYING AND GRASSROOTS LOBBYING CONTRIBUTIONS. 7. STOCKHOLDER PROPOSAL REQUESTING THAT Against Against Shareholder THE BOARD INSTITUTE A POLICY TO MAKE IT MORE PRACTICAL TO DENY INDEMNIFICATION FOR DIRECTORS. -------------------------------------------------------------------------------- DEEPOCEAN GROUP HOLDING BV Ticker: TRMA Security ID: 51EQOCEAN Meeting Date: JUN 14, 2013 Meeting Type: ANNUAL Record Date: JUN 14, 2013 # Proposal Mgt Rec Vote Cast Sponsor 2 Appointment of Bart H. Heijermans FOR FOR Management (CEO) as chairman of the AGM and appointment of the secretary of the AGM 3 Apporval of the agenda of the meeting FOR FOR Management 4 Adoption of annual accounts 2012 and FOR FOR Management appropriation of profits 5 Approval of annual report 2012 and FOR FOR Management granting discharge for the Board members for their management pursued over the financial year 2012 6.A Approval of remuneration of Board FOR FOR Management members for the period from 1 January 2013 up to 30 June 2013 6.B Approval of remuneration of Board FOR FOR Management members for the period from 1 July 2013 up to 30 June 2014 7 Implementation of the one tier board - FOR FOR Management Amendments A, B and D of the amendment to the shareholders' agreement; amendment of the articles of association of the Company and appointment of representatives to have the amendments executed; appointment of execut 8 Amendment C of the amendment to the FOR FOR Management Shareholders' Agreement -------------------------------------------------------------------------------- HORIZON LINES, INC. Ticker: HRZL Security ID: 44044K309 Meeting Date: JUN 06, 2013 Meeting Type: Annual Record Date: APR 08, 2013 # Proposal Mgt Rec Vote Cast Sponsor 1..1 DIRECTOR-MARTIN TUCHMAN For For Management 1..2 DIRECTOR-SAMUEL A. WOODWARD For For Management 2. TO APPROVE AN AMENDMENT TO THE For For Management COMPANY'S RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK OF THE COMPANY FROM 100,000,000 TO 150,000,000. 3. TO RATIFY THE ACTION OF THE COMPANY'S For For Management AUDIT COMMITTEE IN APPOINTING ERNST & YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR OUR FISCAL YEAR ENDING DECEMBER 22, 2013. 4. TO ADOPT AN ADVISORY RESOLUTION TO For For Management APPROVE OUR EXECUTIVE COMPENSATION. -------------------------------------------------------------------------------- LYONDELLBASELL INDUSTRIES N.V. Ticker: LYB Security ID: N53745100 Meeting Date: MAY 22, 2013 Meeting Type: Annual Record Date: APR 24, 2013 # Proposal Mgt Rec Vote Cast Sponsor 1..1 DIRECTOR-JACQUES AIGRAIN For For Management 1..2 DIRECTOR-SCOTT M. KLEINMAN For For Management 1..3 DIRECTOR-BRUCE A. SMITH For For Management 2. ADOPTION OF ANNUAL ACCOUNTS FOR 2012 For For Management 3. DISCHARGE FROM LIABILITY OF SOLE For For Management MEMBER OF THE MANAGEMENT BOARD 4. DISCHARGE FROM LIABILITY OF MEMBERS OF For For Management THE SUPERVISORY BOARD 5. RATIFICATION OF PRICEWATERHOUSECOOPERS For For Management LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 6. APPOINTMENT OF PRICEWATERHOUSECOOPERS For For Management ACCOUNTANTS N.V. AS OUR AUDITOR FOR THE DUTCH ANNUAL ACCOUNTS 7. APPROVAL OF COMPENSATION OF THE For For Management MEMBERS OF THE SUPERVISORY BOARD 8. RATIFICATION AND APPROVAL OF DIVIDENDS For For Management IN RESPECT OF THE 2012 FISCAL YEAR 9. ADVISORY VOTE APPROVING EXECUTIVE For For Management COMPENSATION 10. APPROVAL TO REPURCHASE UP TO 10% OF For For Management ISSUED SHARE CAPITAL 11. APPROVAL TO CANCEL UP TO 10% OF SHARE For For Management CAPITAL HELD IN TREASURY 12. APPROVAL TO AMEND ARTICLES OF For For Management ASSOCIATION -------------------------------------------------------------------------------- LYONDELLBASELL INDUSTRIES N.V. Ticker: LYB Security ID: N53745100 Meeting Date: MAY 22, 2013 Meeting Type: Annual Record Date: MAR 28, 2013 # Proposal Mgt Rec Vote Cast Sponsor 1..1 DIRECTOR-JACQUES AIGRAIN For For Management 1..2 DIRECTOR-SCOTT M. KLEINMAN For For Management 1..3 DIRECTOR-BRUCE A. SMITH For For Management 2. ADOPTION OF ANNUAL ACCOUNTS FOR 2012 For For Management 3. DISCHARGE FROM LIABILITY OF SOLE For For Management MEMBER OF THE MANAGEMENT BOARD 4. DISCHARGE FROM LIABILITY OF MEMBERS OF For For Management THE SUPERVISORY BOARD 5. RATIFICATION OF PRICEWATERHOUSECOOPERS For For Management LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 6. APPOINTMENT OF PRICEWATERHOUSECOOPERS For For Management ACCOUNTANTS N.V. AS OUR AUDITOR FOR THE DUTCH ANNUAL ACCOUNTS 7. APPROVAL OF COMPENSATION OF THE For For Management MEMBERS OF THE SUPERVISORY BOARD 8. RATIFICATION AND APPROVAL OF DIVIDENDS For For Management IN RESPECT OF THE 2012 FISCAL YEAR 9. ADVISORY VOTE APPROVING EXECUTIVE For For Management COMPENSATION 10. APPROVAL TO REPURCHASE UP TO 10% OF For For Management ISSUED SHARE CAPITAL 11. APPROVAL TO CANCEL UP TO 10% OF SHARE For For Management CAPITAL HELD IN TREASURY 12. APPROVAL TO AMEND ARTICLES OF For For Management ASSOCIATION -------------------------------------------------------------------------------- NORTEK, INC. Ticker: NTK Security ID: 656559309 Meeting Date: MAY 09, 2013 Meeting Type: Annual Record Date: MAR 15, 2013 # Proposal Mgt Rec Vote Cast Sponsor 1..1 DIRECTOR-JOHN T. COLEMAN For For Management 1..2 DIRECTOR-THOMAS A. KEENAN For For Management 1..3 DIRECTOR-J. DAVID SMITH For For Management 2. TO RATIFY THE APPOINTMENT OF ERNST & For For Management YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2013. -------------------------------------------------------------------------------- REALOGY HOLDINGS CORP Ticker: RLGY Security ID: 75605Y106 Meeting Date: MAY 07, 2013 Meeting Type: ANNUAL Record Date: MAR 14, 2013 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director FOR FOR Management 1.2 Elect Director FOR FOR Management 1.3 Elect Director FOR FOR Management 2 Advisory vote to approve Realogy FOR FOR Management Holdings executive comensation program 3 Ratifying the appointment of FOR FOR Management Pricewaterhouse Coopers LLP 4 Advisory vote on the grequency of the FOR FOR Management advisory vote on executive compensation ================ Western Asset Inflation Indexed Plus Bond Fund ================ There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ===================== Western Asset Intermediate Bond Fund ===================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. =================== Western Asset Limited Duration Bond Fund =================== There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ================ Western Asset Total Return Unconstrained Fund ================= There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period. ========== END NPX REPORT
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.
Western Asset Funds, Inc. | ||
By: | /s/ Kenneth D. Fuller | |
Kenneth D. Fuller | ||
President of Western Asset Funds, Inc. | ||
Date: August 9, 2013 |