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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 811-09000 |
Oak Value Trust --------------- Exact name of registrant as specified in charter) |
3100 Tower Boulevard, Suite 700 Durham, NC 27707 -------------------------------- (Address of principal executive offices) |
Larry D. Coats, Jr. 3100 Tower Boulevard, Suite 700 Durham, NC 27707 -------------------------------- (Name and address of agent for service) |
Registrant's telephone number, including area code: 919-419-1900 ---------------------------------------------------------------- |
Date of fiscal year end: June 30 |
Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1 -4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.
SEC 2451 (4-03) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
ITEM 1. PROXY VOTING RECORD: |
Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30 with respect to which the Registrant was entitled to vote:
(a) | The name of the issuer of the portfolio security; |
(b) | The exchange ticker symbol of the portfolio security; |
(c) | The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security; |
(d) | The shareholder meeting date; |
(e) | A brief identification of the matter voted on; |
(f) | Whether the matter was proposed by the issuer or by a security holder; |
(g) | Whether the Registrant cast its vote on the matter; |
(h) | How the Registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors); and |
(i) | Whether the Registrant cast its vote for or against management. |
[See General Instruction F]
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.
* Print the name and title of each signing officer under his or her signature.
(Registrant) Oak Value Trust
By (Signature and Title)* /s/ Larry D. Coats, Jr.
Larry D. Coats, Jr., President
Date: August 16, 2005
OAK VALUE TRUST
OAK VALUE FUND
PROXY VOTING RECORD
7/1/2004-6/30/2005
RV = Management's recommended vote | Page 1 of 9 | |||||||
CONSTELLATION BRANDS, INC. | Ticker: STZ | Annual Meeting Date: 07/20/2004 | ||||||
CUSIP: 21036P108 | City: | Holdings Reconciliation Date: 05/24/2004 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 07/20/2004 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932199222 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | ELECTION OF DIRECTORS | Issuer | |||||
Withheld | GEORGE BRESLER | |||||||
For | JEANANNE K. HAUSWALD | |||||||
For | JAMES A. LOCKE III | |||||||
For | RICHARD SANDS | |||||||
For | ROBERT SANDS | |||||||
For | THOMAS C. MCDERMOTT | |||||||
For | PAUL L. SMITH | |||||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
03 | Against | For | AMEND LONG TERM INCENTIVE PLAN | Issuer | ||||
DIAGEO PLC | Ticker: DEO | Annual Meeting Date: 10/20/2004 | ||||||
CUSIP: 25243Q205 | City: | Holdings Reconciliation Date: 09/01/2004 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 10/13/2004 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932226334 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
02 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
03 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
04 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
09 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
10 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
11 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
12 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
13 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
14 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer |
RV = Management's recommended vote | Page 2 of 9 | |||||||
15 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
16 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
17 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
18 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
19 | For | For | CHANGE STOCK EXCHANGE LISTING | Issuer | ||||
ZALE CORPORATION | Ticker: ZLC | Annual Meeting Date: 11/12/2004 | ||||||
CUSIP: 988858106 | City: | Holdings Reconciliation Date: 09/24/2004 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 11/12/2004 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932230698 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | ELECTION OF DIRECTORS | Issuer | |||||
For | RICHARD C. MARCUS | |||||||
For | MARY L. FORTE | |||||||
Withheld | J. GLEN ADAMS | |||||||
Withheld | A. DAVID BROWN | |||||||
Withheld | MARY E. BURTON | |||||||
For | SUE E. GOVE | |||||||
For | JOHN B. LOWE, JR. | |||||||
For | THOMAS C. SHULL | |||||||
For | DAVID M. SZYMANSKI | |||||||
02 | For | For | APPROVE AUTHORIZED COMMON STOCK INCREASE | Issuer | ||||
03 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer |
RV = Management's recommended vote | Page 3 of 9 | |||||||
AUTOZONE, INC. | Ticker: AZO | Annual Meeting Date: 12/16/2004 | ||||||
CUSIP: 053332102 | City: | Holdings Reconciliation Date: 10/21/2004 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 12/16/2004 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932234848 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | ELECTION OF DIRECTORS | Issuer | |||||
For | CHARLES M. ELSON | |||||||
Withheld | EARL G. GRAVES, JR. | |||||||
For | N. GERRY HOUSE | |||||||
For | J.R. HYDE, III | |||||||
For | EDWARD S. LAMPERT | |||||||
For | W. ANDREW MCKENNA | |||||||
For | STEVE ODLAND | |||||||
For | JAMES J. POSTL | |||||||
02 | For | For | ADOPT INCENTIVE STOCK OPTION PLAN | Issuer | ||||
03 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
HEWLETT-PACKARD COMPANY | Ticker: HPQ | Annual Meeting Date: 03/16/2005 | ||||||
CUSIP: 428236103 | City: | Holdings Reconciliation Date: 01/18/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 03/15/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932257151 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
03 | Against | For | AMEND STOCK PURCHASE PLAN | Issuer |
RV = Management's recommended vote | �� Page 4 of 9 | |||||||
UNITED TECHNOLOGIES CORPORATION | Ticker: UTX | Annual Meeting Date: 04/13/2005 | ||||||
CUSIP: 913017109 | City: | Holdings Reconciliation Date: 02/15/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 04/12/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932264992 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
03 | For | For | ADOPT OMNIBUS STOCK OPTION PLAN | Issuer | ||||
04 | Against | Against | S/H - REPORT ON EXECUTIVE COMPENSATION | Shareholder | ||||
05 | Against | Against | S/H PROPOSAL - MILITARY/WEAPONS | Shareholder | ||||
06 | Against | Against | S/H PROPOSAL - CORPORATE GOVERNANCE | Shareholder | ||||
THE E.W. SCRIPPS COMPANY | Ticker: SSP | Annual Meeting Date: 04/14/2005 | ||||||
CUSIP: 811054204 | City: | Holdings Reconciliation Date: 02/18/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 04/13/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932286114 - MANAGEMENT 2 | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
CENDANT CORPORATION | Ticker: CD | Annual Meeting Date: 04/26/2005 | ||||||
CUSIP: 151313103 | City: | Holdings Reconciliation Date: 02/28/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 04/25/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: |
RV = Management's recommended vote | Page 5 of 9 | |||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932270452 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
03 | For | For | AMEND NON-EMPLOYEE DIRECTOR PLAN | Issuer | ||||
04 | For | For | ADOPT INCENTIVE STOCK OPTION PLAN | Issuer | ||||
05 | Against | Against | S/H PROPOSAL - CORPORATE GOVERNANCE | Shareholder | ||||
06 | Against | Against | S/H PROPOSAL - CORPORATE GOVERNANCE | Shareholder | ||||
IMS HEALTH INCORPORATED | Ticker: RX | Annual Meeting Date: 04/29/2005 | ||||||
CUSIP: 449934108 | City: | Holdings Reconciliation Date: 03/04/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 04/28/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932289425 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
03 | For | Against | S/H PROPOSAL - ADD SUNSET PROVISION TO | |||||
POISON PILL | Shareholder | |||||||
BERKSHIRE HATHAWAY INC. | Ticker: BRKA | Annual Meeting Date: 04/30/2005 | ||||||
CUSIP: 084670108 | City: | Holdings Reconciliation Date: 03/02/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 04/29/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932270476 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
02 | For | For | APPROVE CHARTER AMENDMENT | Issuer | ||||
03 | For | For | APPROVE CHARTER AMENDMENT | Issuer |
RV = Management's recommended vote | Page 6 of 9 | |||||||||
AFLAC INCORPORATED | Ticker: AFL | Contested Annual Meeting Date: 05/02/2005 | ||||||||
CUSIP: 001055102 | City: | Holdings Reconciliation Date: 02/23/2005 | ||||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 04/29/2005 | ||||||||
Currency Code: | Par Value: | |||||||||
SEDOL: | ||||||||||
Vote Group: GLOBAL | ||||||||||
Agenda: 932268534 - MANAGEMENT | ||||||||||
Proposal | Vote | Proposed | ||||||||
Number | Cast | RV | Proposal | by | ||||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||||
AMBAC FINANCIAL GROUP, INC. | Ticker: ABK | Annual Meeting Date: 05/03/2005 | ||||||||
CUSIP: 023139108 | City: | Holdings Reconciliation Date: 03/07/2005 | ||||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 05/02/2005 | ||||||||
Currency Code: | Par Value: | |||||||||
SEDOL: | ||||||||||
Vote Group: GLOBAL | ||||||||||
Agenda: 932297131 - MANAGEMENT | ||||||||||
Proposal | Vote | Proposed | ||||||||
Number | Cast | RV | Proposal | by | ||||||
01 | For | ELECTION OF DIRECTORS | Issuer | |||||||
For | PHILLIP B. LASSITER | |||||||||
For | MICHAEL A. CALLEN | |||||||||
For | JILL M. CONSIDINE | |||||||||
For | ROBERT J. GENADER | |||||||||
For | W. GRANT GREGORY | |||||||||
For | THOMAS C. THEOBALD | |||||||||
For | LAURA S. UNGER | |||||||||
Withheld | HENRY D.G. WALLACE | |||||||||
02 | For | For | ADOPT/AMEND EXECUTIVE INCENTIVE BONUS PLAN | Issuer | ||||||
03 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer |
RV = Management's recommended vote | Page 7 of 9 | |||||||
ENTERCOM COMMUNICATIONS CORP. | Ticker: ETM | Annual Meeting Date: 05/06/2005 | ||||||
CUSIP: 293639100 | City: | Holdings Reconciliation Date: 03/18/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 05/05/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932299680 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
02 | Against | For | AMEND INCENTIVE STOCK OPTION PLAN TO INCREASE | Issuer | ||||
SHARES | ||||||||
PARTNERRE LTD. | Ticker: PRE | Annual Meeting Date: 05/10/2005 | ||||||
CUSIP: G6852T105 | City: | Holdings Reconciliation Date: 03/21/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 05/09/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932294084 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | ELECTION OF DIRECTORS | Issuer | |||||
Withheld | JUDITH HANRATTY | |||||||
Withheld | REMY SAUTTER | |||||||
For | PATRICK A. THIELE | |||||||
Withheld | JURGEN ZECH | |||||||
02 | For | For | ADOPT OMNIBUS STOCK OPTION PLAN | Issuer | ||||
03 | For | For | APPROVE ALLOTMENT OF EQUITY SECURITIES | Issuer | ||||
04 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
05 | For | For | TRANSACT OTHER BUSINESS | Issuer |
RV = Management's recommended vote | Page 8 of 9 | |||||||||
EQUIFAX INC. | Ticker: EFX | Annual Meeting Date: 05/17/2005 | ||||||||
CUSIP: 294429105 | City: | Holdings Reconciliation Date: 03/09/2005 | ||||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 05/16/2005 | ||||||||
Currency Code: | Par Value: | |||||||||
SEDOL: | ||||||||||
Vote Group: GLOBAL | ||||||||||
Agenda: 932294995 - MANAGEMENT | ||||||||||
Proposal | Vote | Proposed | ||||||||
Number | Cast | RV | Proposal | by | ||||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||||
CADBURY SCHWEPPES PLC | Ticker: CSG | Annual Meeting Date: 05/19/2005 | ||||||||
CUSIP: 127209302 | City: | Holdings Reconciliation Date: 04/04/2005 | ||||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 05/16/2005 | ||||||||
Currency Code: | Par Value: | |||||||||
SEDOL: | ||||||||||
Vote Group: GLOBAL | ||||||||||
Agenda: 932283992 - MANAGEMENT | ||||||||||
Proposal | Vote | Proposed | ||||||||
Number | Cast | RV | Proposal | by | ||||||
01 | For | For | RECEIVE CONSOLIDATED FINANCIAL STATEMENTS | Issuer | ||||||
02 | For | For | DIVIDEND | Issuer | ||||||
03 | For | For | APPROVE RENUMERATION OF DIRECTORS | Issuer | ||||||
04 | For | For | MISCELLANEOUS CORPORATE GOVERNANCE - GLOBAL | Issuer | ||||||
05 | For | For | MISCELLANEOUS CORPORATE GOVERNANCE - GLOBAL | Issuer | ||||||
06 | For | For | MISCELLANEOUS CORPORATE GOVERNANCE - GLOBAL | Issuer | ||||||
07 | For | For | MISCELLANEOUS CORPORATE GOVERNANCE - GLOBAL | Issuer | ||||||
08 | For | For | APPOINT AUDITORS | Issuer | ||||||
09 | For | For | PERMIT DIRECTORS TO FIX/APPROVE AUDITOR'S REMUNERATION | Issuer | ||||||
10 | For | For | APPROVE ALLOTMENT OF RELEVANT SECURITIES | Issuer | ||||||
11 | For | For | ELIMINATE PREEMPTIVE RIGHTS | Issuer | ||||||
12 | For | For | AUTHORIZE DIRECTORS TO REPURCHASE SHARES | Issuer |
RV = Management's recommended vote | Page 9 of 9 | |||||||
TIME WARNER INC. | Ticker: TWX | Annual Meeting Date: 05/20/2005 | ||||||
CUSIP: 887317105 | City: | Holdings Reconciliation Date: 03/24/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 05/19/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932306120 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | ELECTION OF DIRECTORS | Issuer | |||||
For | JAMES L. BARKSDALE | |||||||
Withheld | STEPHEN F. BOLLENBACH | |||||||
Withheld | STEPHEN M. CASE | |||||||
For | FRANK J. CAUFIELD | |||||||
Withheld | ROBERT C. CLARK | |||||||
For | JESSICA P. EINHORN | |||||||
For | MILES R. GILBURNE | |||||||
For | CARLA A. HILLS | |||||||
For | REUBEN MARK | |||||||
For | MICHAEL A. MILES | |||||||
For | KENNETH J. NOVACK | |||||||
For | RICHARD D. PARSONS | |||||||
For | R.E. TURNER | |||||||
For | FRANCIS T. VINCENT, JR. | |||||||
For | DEBORAH C. WRIGHT | |||||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer | ||||
03 | Against | Against | S/H PROPOSAL - CORPORATE GOVERNANCE | Shareholder | ||||
CERTEGY INC. | Ticker: CEY | Annual Meeting Date: 05/24/2005 | ||||||
CUSIP: 156880106 | City: | Holdings Reconciliation Date: 03/28/2005 | ||||||
ISIN: | Country: UNITED STATES | Vote Deadline Date: 05/23/2005 | ||||||
Currency Code: | Par Value: | |||||||
SEDOL: | ||||||||
Vote Group: GLOBAL | ||||||||
Agenda: 932308922 - MANAGEMENT | ||||||||
Proposal | Vote | Proposed | ||||||
Number | Cast | RV | Proposal | by | ||||
01 | For | For | ELECTION OF DIRECTORS | Issuer | ||||
02 | For | For | RATIFY APPOINTMENT OF INDEPENDENT AUDITORS | Issuer |