UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
INVESTMENT COMPANY ACT FILE NUMBER: 811-07239
NAME OF REGISTRANT: VANGUARD HORIZON FUNDS
ADDRESS OF REGISTRANT: PO BOX 2600, VALLEY FORGE, PA 19482
NAME AND ADDRESS OF AGENT FOR SERVICE: HEIDI STAM
PO BOX 876
VALLEY FORGE, PA 19482
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA (610) 669-1000
DATE OF FISCAL YEAR END: SEPTEMBER 30
DATE OF REPORTING PERIOD: JULY 1, 2005 - JUNE 30, 2006
FUND: VANGUARD STRATEGIC SMALL-CAP EQUITY FUND
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ISSUER: AMERICAN HOME MORTGAGE INVESTMENT CO
TICKER: AHM CUSIP: 02660R107
MEETING DATE: 6/20/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: C. CATHLEEN RAFFAELI ISSUER YES FOR FOR
ELECTION OF DIRECTOR: KRISTIAN R. SALOVAARA ISSUER YES FOR FOR
PROPOSAL #02: RATIFICATION OF DELOITTE & TOUCHE LLP AS ISSUER YES FOR FOR
THE COMPANY'S INDEPENDENT AUDITORS FOR THE YEAR
ENDING DECEMBER 31, 2006.
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ISSUER: APOGEE ENTERPRISES, INC.
TICKER: APOG CUSIP: 037598109
MEETING DATE: 6/28/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: BERNARD P. ALDRICH* ISSUER YES FOR FOR
ELECTION OF DIRECTOR: SARA L. HAYS* ISSUER YES FOR FOR
ELECTION OF DIRECTOR: RUSSELL HUFFER* ISSUER YES FOR FOR
ELECTION OF DIRECTOR: JOHN T. MANNING* ISSUER YES FOR FOR
ELECTION OF DIRECTOR: RICHARD V. REYNOLDS** ISSUER YES FOR FOR
PROPOSAL #02: PROPOSAL TO APPROVE THE AMENDED AND ISSUER YES FOR FOR
RESTATED APOGEE ENTERPRISES, INC. 2002 OMNIBUS STOCK
INCENTIVE PLAN
PROPOSAL #03: PROPOSAL TO RATIFY THE APPOINTMENT OF ISSUER YES FOR FOR
DELOITTE & TOUCHE LLP AS THE INDEPENDENT AUDITORS OF
THE COMPANY
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ISSUER: AVOCENT CORPORATION
TICKER: AVCT CUSIP: 053893103
MEETING DATE: 6/15/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: F.A.("FRAN") DRAMIS JR ISSUER YES FOR FOR
ELECTION OF DIRECTOR: STEPHEN F. THORNTON ISSUER YES FOR FOR
PROPOSAL #02: PROPOSAL TO RATIFY THE APPOINTMENT OF ISSUER YES FOR FOR
PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S
INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2006.
PROPOSAL #03: PROPOSAL TO APPROVE THE AMENDMENT OF THE ISSUER YES AGAINST AGAINST
2005 EQUITY INCENTIVE PLAN TO RESERVE AN ADDITIONAL
2,250,000 SHARES.
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ISSUER: CHARMING SHOPPES, INC.
TICKER: CHRS CUSIP: 161133103
MEETING DATE: 6/22/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: WILLIAM O. ALBERTINI** ISSUER YES FOR FOR
ELECTION OF DIRECTOR: YVONNE M. CURL** ISSUER YES FOR FOR
ELECTION OF DIRECTOR: CHARLES T. HOPKINS** ISSUER YES FOR FOR
ELECTION OF DIRECTOR: M. JEANNINE STRANDJORD* ISSUER YES FOR FOR
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ISSUER: CKE RESTAURANTS, INC.
TICKER: CKR CUSIP: 12561E105
MEETING DATE: 6/27/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: CARL L. KARCHER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: JEROLD H. RUBINSTEIN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: DANIEL E. PONDER, JR. ISSUER YES FOR FOR
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ISSUER: CLAIRE'S STORES, INC.
TICKER: CLE CUSIP: 179584107
MEETING DATE: 6/27/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: MARLA L. SCHAEFER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: E. BONNIE SCHAEFER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: IRA D. KAPLAN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: BRUCE G. MILLER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: STEVEN H. TISHMAN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: ANN SPECTOR LIEFF ISSUER YES FOR FOR
ELECTION OF DIRECTOR: MARTHA CLARK GOSS ISSUER YES FOR FOR
PROPOSAL #02: RATIFICATION OF THE AUDIT COMMITTEE'S ISSUER YES FOR FOR
APPOINTMENT OF KPMG LLP AS THE COMPANY'S INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM.
PROPOSAL #03: APPROVAL OF THE SHAREHOLDER PROPOSAL SHAREHOLDER YES ABSTAIN AGAINST
REGARDING THE COMPANY'S BUSINESS OPERATIONS IN
NORTHERN IRELAND.
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ISSUER: FRONTIER OIL CORPORATION
TICKER: FTO CUSIP: 35914P105
MEETING DATE: 6/9/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #01: PROPOSAL TO APPROVE AN AMENDMENT TO THE ISSUER YES FOR FOR
COMPANY'S RESTATED ARTICLES OF INCORPORATION, AS
AMENDED, INCREASING THE NUMBER OF AUTHORIZED SHARES OF
THE COMPANY'S COMMON STOCK FROM 90,000,000 TO
180,000,000.
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ISSUER: HELMERICH & PAYNE, INC.
TICKER: HP CUSIP: 423452101
MEETING DATE: 6/23/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #01: APPROVAL OF AN AMENDMENT TO THE RESTATED ISSUER YES FOR FOR
CERTIFICATE OF INCORPORATION OF HELMERICH & PAYNE,
INC. INCREASING THE NUMBER OF AUTHORIZED SHARES OF
COMMON STOCK.
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ISSUER: NEUROCRINE BIOSCIENCES, INC.
TICKER: NBIX CUSIP: 64125C109
MEETING DATE: 6/30/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: JOSEPH A. MOLLICA, PHD ISSUER YES FOR FOR
ELECTION OF DIRECTOR: WYLIE W. VALE, PH.D. ISSUER YES FOR FOR
ELECTION OF DIRECTOR: W. THOMAS MITCHELL ISSUER YES FOR FOR
PROPOSAL #02: TO APPROVE AN AMENDMENT TO THE COMPANY'S ISSUER YES AGAINST AGAINST
CERTIFICATE OF INCORPORATION, AS AMENDED, TO INCREASE
THE AUTHORIZED NUMBER OF SHARES OF COMMON STOCK FROM
50,000,000 SHARES TO 110,000,000 SHARES.
PROPOSAL #03: TO APPROVE AN AMENDMENT TO THE COMPANY'S ISSUER YES FOR FOR
2003 INCENTIVE STOCK PLAN, AS AMENDED, TO INCREASE
THE NUMBER OF SHARES OF COMMON STOCK RESERVED FOR
ISSUANCE FROM 3,300,000 TO 4,300,000 SHARES.
PROPOSAL #04: TO APPROVE THE AMENDED AND RESTATED ISSUER YES FOR FOR
EMPLOYEE STOCK PURCHASE PLAN, WHICH, AS AMENDED AND
RESTATED, INCREASES THE NUMBER OF SHARES OF COMMON
STOCK RESERVED FOR ISSUANCE FROM 625,000 TO 725,000
SHARES.
PROPOSAL #05: TO RATIFY THE APPOINTMENT OF ERNST & ISSUER YES FOR FOR
YOUNG LLP AS THE COMPANY'S INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2006.
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ISSUER: ORTHOFIX INTERNATIONAL N.V.
TICKER: OFIX CUSIP: N6748L102
MEETING DATE: 6/27/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: JAMES F. GERO ISSUER YES FOR FOR
ELECTION OF DIRECTOR: PETER J. HEWETT ISSUER YES FOR FOR
ELECTION OF DIRECTOR: CHARLES W. FEDERICO ISSUER YES FOR FOR
ELECTION OF DIRECTOR: ROBERT GAINES-COOPER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: JERRY C. BENJAMIN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: WALTER P. VON WARTBURG ISSUER YES FOR FOR
ELECTION OF DIRECTOR: THOMAS J. KESTER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: KENNETH R. WEISSHAAR ISSUER YES FOR FOR
ELECTION OF DIRECTOR: GUY J. JORDAN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: STEFAN WIDENSOHLER ISSUER YES FOR FOR
PROPOSAL #02: PROPOSAL TO APPROVE AMENDMENTS TO THE ISSUER YES ABSTAIN AGAINST
ARTICLES OF ASSOCIATION (ARTICLE 16).
PROPOSAL #03: PROPOSAL TO APPROVE AMENDMENTS TO THE ISSUER YES ABSTAIN AGAINST
ARTICLES OF ASSOCIATION (ARTICLE 4).
PROPOSAL #04: PROPOSAL TO APPROVE BALANCE SHEET AND ISSUER YES FOR FOR
INCOME STATEMENT AT AND FOR THE YEAR ENDED DECEMBER
31, 2005.
PROPOSAL #05: PROPOSAL TO RATIFY THE SELECTION OF ISSUER YES FOR FOR
ERNST & YOUNG AS THE INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM FOR ORTHOFIX AND ITS SUBSIDIARIES FOR
THE FISCAL YEAR ENDING DECEMBER 31, 2006.
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ISSUER: THE MEN'S WEARHOUSE, INC.
TICKER: MW CUSIP: 587118100
MEETING DATE: 6/21/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: GEORGE ZIMMER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: DAVID H. EDWAB ISSUER YES FOR FOR
ELECTION OF DIRECTOR: RINALDO S. BRUTOCO ISSUER YES FOR FOR
ELECTION OF DIRECTOR: MICHAEL L. RAY, PH.D. ISSUER YES FOR FOR
ELECTION OF DIRECTOR: SHELDON I. STEIN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: KATHLEEN MASON ISSUER YES FOR FOR
ELECTION OF DIRECTOR: DEEPAK CHOPRA, M.D. ISSUER YES FOR FOR
ELECTION OF DIRECTOR: WILLIAM B. SECHREST ISSUER YES FOR FOR
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ISSUER: THE REYNOLDS AND REYNOLDS COMPANY
TICKER: REY CUSIP: 761695105
MEETING DATE: 6/15/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: CLEVE L. KILLINGSWORTH ISSUER YES FOR FOR
ELECTION OF DIRECTOR: FINBARR J. O'NEILL ISSUER YES FOR FOR
ELECTION OF DIRECTOR: RENATO ZAMBONINI ISSUER YES FOR FOR
PROPOSAL #02: RATIFICATION OF REAPPOINTMENT OF ISSUER YES FOR FOR
DELOITTE & TOUCHE LLP AS INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
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ISSUER: UNITED THERAPEUTICS CORPORATION
TICKER: UTHR CUSIP: 91307C102
MEETING DATE: 6/26/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: RAYMOND KURZWEIL ISSUER YES FOR FOR
ELECTION OF DIRECTOR: MARTINE A. ROTHBLATT ISSUER YES FOR FOR
ELECTION OF DIRECTOR: LOUIS W. SULLIVAN ISSUER YES WITHHOLD AGAINST
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ISSUER: VALOR COMMUNICATIONS GROUP, INC.
TICKER: VCG CUSIP: 920255106
MEETING DATE: 6/27/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
PROPOSAL #01: ADOPT THE MERGER AGREEMENT. ISSUER YES FOR FOR
PROPOSAL #02: APPROVE THE INCREASE OF THE AUTHORIZED ISSUER YES FOR FOR
NUMBER OF SHARES OF VALOR COMMON STOCK FROM
200,000,000 TO 1,000,000,000.
PROPOSAL #03: APPROVE THE ISSUANCE OF SHARES OF VALOR ISSUER YES FOR FOR
COMMON STOCK PURSUANT TO THE MERGER.
PROPOSAL #04: ADOPT AND APPROVE THE 2006 VALOR EQUITY ISSUER YES FOR FOR
INCENTIVE PLAN.
ELECTION OF DIRECTOR: JOHN J. MUELLER ISSUER YES FOR FOR
ELECTION OF DIRECTOR: ANTHONY J. DE NICOLA ISSUER YES FOR FOR
ELECTION OF DIRECTOR: KENNETH R. COLE ISSUER YES FOR FOR
ELECTION OF DIRECTOR: SANJAY SWANI ISSUER YES WITHHOLD AGAINST
ELECTION OF DIRECTOR: NORMAN W. ALPERT ISSUER YES FOR FOR
ELECTION OF DIRECTOR: STEPHEN B. BRODEUR ISSUER YES WITHHOLD AGAINST
ELECTION OF DIRECTOR: MICHAEL DONOVAN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: EDWARD LUJAN ISSUER YES WITHHOLD AGAINST
ELECTION OF DIRECTOR: M. ANN PADILLA ISSUER YES WITHHOLD AGAINST
ELECTION OF DIRECTOR: FEDERICO PENA ISSUER YES FOR FOR
ELECTION OF DIRECTOR: EDWARD J. HEFFERNAN ISSUER YES WITHHOLD AGAINST
PROPOSAL #06: RATIFY APPOINTMENT OF INDEPENDENT ISSUER YES AGAINST AGAINST
AUDITORS.
PROPOSAL #07: ADJOURN FOR THE PURPOSE OF OBTAINING ISSUER YES FOR FOR
ADDITIONAL VOTES FOR THE MERGER PROPOSAL.
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ISSUER: VENTIV HEALTH, INC.
TICKER: VTIV CUSIP: 922793104
MEETING DATE: 6/14/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: ERAN BROSHY ISSUER YES FOR FOR
ELECTION OF DIRECTOR: A. CLAYTON PERFALL ISSUER YES FOR FOR
ELECTION OF DIRECTOR: DONALD CONKLIN ISSUER YES FOR FOR
ELECTION OF DIRECTOR: JOHN R. HARRIS ISSUER YES FOR FOR
ELECTION OF DIRECTOR: PER G.H. LOFBERG ISSUER YES FOR FOR
ELECTION OF DIRECTOR: MARK E. JENNINGS ISSUER YES FOR FOR
ELECTION OF DIRECTOR: TERRELL G. HERRING ISSUER YES FOR FOR
ELECTION OF DIRECTOR: R. BLANE WALTER ISSUER YES FOR FOR
PROPOSAL #02: AMEND THE COMPANY'S CERTIFICATE OF ISSUER YES FOR FOR
INCORPORATION TO CHANGE THE COMPANY'S NAME TO INVENTIV
HEALTH, INC.
PROPOSAL #03: APPROVE THE COMPANY'S 2006 LONG-TERM ISSUER YES FOR FOR
INCENTIVE PLAN.
PROPOSAL #04: RATIFY APPOINTMENT OF DELOITTE & TOUCHE ISSUER YES FOR FOR
LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER
31, 2006.
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ISSUER: ZORAN CORPORATION
TICKER: ZRAN CUSIP: 98975F101
MEETING DATE: 6/22/2006 FOR/AGAINST
PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT
ELECTION OF DIRECTOR: LEVY GERZBERG, PH.D. ISSUER YES FOR FOR
ELECTION OF DIRECTOR: UZIA GALIL ISSUER YES WITHHOLD AGAINST
ELECTION OF DIRECTOR: RAYMOND A. BURGESS ISSUER YES FOR FOR
ELECTION OF DIRECTOR: JAMES D. MEINDL, PH.D. ISSUER YES WITHHOLD AGAINST
ELECTION OF DIRECTOR: JAMES B. OWENS, JR. ISSUER YES FOR FOR
ELECTION OF DIRECTOR: DAVID RYNNE ISSUER YES FOR FOR
ELECTION OF DIRECTOR: ARTHUR B. STABENOW ISSUER YES WITHHOLD AGAINST
ELECTION OF DIRECTOR: PHILIP M. YOUNG ISSUER YES FOR FOR
PROPOSAL #02: TO APPROVE AN INCREASE IN THE MAXIMUM ISSUER YES AGAINST AGAINST
AGGREGATE NUMBER OF SHARES THAT MAY BE ISSUED UNDER
THE COMPANY'S 2005 EQUITY INCENTIVE PLAN BY 2,500,000
SHARES.
PROPOSAL #03: TO APPROVE AN INCREASE IN THE MAXIMUM ISSUER YES FOR FOR
AGGREGATE NUMBER OF SHARES THAT MAY BE ISSUED UNDER
THE COMPANY'S 1995 EMPLOYEE STOCK PURCHASE PLAN BY
1,000,000 SHARES.
PROPOSAL #04: TO RATIFY THE APPOINTMENT OF ISSUER YES FOR FOR
PRICEWATERHOUSECOOPERS LLP AS THE INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM FOR THE COMPANY FOR
THE FISCAL YEAR ENDING DECEMBER 31, 2006.
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.
VANGUARD HORIZON FUNDS
By: /s/John J. Brennan
(Heidi Stam)
John J. Brennan*
Chairman & Chief Executive
Date: August 31, 2006
* By Power of Attorney. Filed on December 20, 2004, see File Number 002-14336.
Incorporated by Reference.
