UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-1976
Exact name of registrant as specified in charter: Sequoia Fund, Inc.
Address of principal executive offices: 767 Fifth Avenue, Suite 4701
New York, NY 10153
Name and address of agent for service: Robert D. Goldfarb
c/o Sequoia Fund, Inc.
767 Fifth Avenue, Suite 4701
New York, NY 10153
Registrant's telephone number, including area code: 800-686-6884
Date of fiscal year end: 12/31/2004
Date of reporting period: 7/1/2003 - 6/30/2004
Item 1 - Proxy Voting Record
Disclose the following information for each matter relating to a portfolio
security considered at any shareholder meeting held during the period covered
by the report and 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.
(A) (B) (C) (D) (E) (F) (G) (H) (I)
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ISSUER TICKER CUSIP MEETING MATTER PROPOSED BY REGISTRANT VOTE FOR/AGAINST
DATE VOTED ON VOTED? CAST MANAGEMENT
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Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect S Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect M Chance Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Elect W Scott Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/01/04 Political contributions Security holder yes against for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect S Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect M Chance Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Elect W Scott Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/01/04 Political contributions Security holder yes against for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect J Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect S Bell Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect H Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect B Currey Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect J Henderson Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect T Hoepner Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect D Hughes Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect J Riedman Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/22/04 Elect J Smith Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/04 Elect B Carson Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/04 Elect H James Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/04 Elect J Ruckelshaus Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/04 Elect W Gates Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/04 Elect D Evans Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/04 Elect directors annually Security holder yes against for
Costco Wholesale Corp COST 22160k105 01/29/04 Land procurement Security holder yes against for
Costco Wholesale Corp COST 22160k105 01/29/04 Independent auditors Issuer yes for for
Danaher Corp. DHR 235851102 05/04/04 Elect S Rales Issuer yes for for
Danaher Corp. DHR 235851102 05/04/04 Elect J Schwieters Issuer yes for for
Danaher Corp. DHR 235851102 05/04/04 Elect A Spoon Issuer yes for for
Danaher Corp. DHR 235851102 05/04/04 Independent auditors Issuer yes for for
Danaher Corp. DHR 235851102 05/04/04 Stock option plan Issuer yes for for
Danaher Corp. DHR 235851102 05/04/04 Board diversity Security holder yes against for
Ethan Allen Inter Inc ETH 297602104 11/17/03 Elect F Wisner Issuer yes for for
Ethan Allen Inter Inc ETH 297602104 11/17/03 Independent auditors Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/05/04 Elect P Rose Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/05/04 Elect J Wang Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/05/04 Elect R Gates Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/05/04 Elect J Casey Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/05/04 Elect D Kourkoumelis Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/05/04 Elect M Malone Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/05/04 Elect J Meisenbach Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect R Kierlin Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect S Slaggie Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect M Gostomski Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect J Remick Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect H McConnon Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect R Hansen Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect W Oberton Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect M Dolan Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Elect R Wisecup Issuer yes for for
Fastenal Co FAST 311900104 04/20/04 Independent auditors Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Elect D Allen Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Elect A Hill Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Elect M Livingston Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Elect H Meijer Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Elect J Rogers Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Incentive compensation Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Independent auditors Issuer yes for for
Fifth Third Bancorp FITB 316773100 03/23/04 Employment policy Security holder yes for against
Harley Davidson HDI 412822108 04/24/04 Elect B Allen Issuer yes for for
Harley Davidson HDI 412822108 04/24/04 Elect R Beattie Issuer yes for for
Harley Davidson HDI 412822108 04/24/04 Incentive plan Issuer yes for for
Harley Davidson HDI 412822108 04/24/04 Incentive stock plan Issuer yes for for
Harley Davidson HDI 412822108 04/24/04 Independent auditors Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/19/04 Elect J Ayers Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/19/04 Elect J Moody Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/19/04 Independent auditors Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Elect C Archer Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Elect R Berndt Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Elect H Bowden Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Elect W Brody Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Elect E Kelly Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Elect M Plant Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Independent auditors Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Omnibus stock plan Issuer yes for for
Mercantile Bankshares MRBK 587405101 05/11/04 Deferred compensation Issuer yes for for
Mohawk Industries MHK 608190104 05/19/04 Elect L Benatar Issuer yes for for
Mohawk Industries MHK 608190104 05/19/04 Elect P Bonanno Issuer yes for for
Mohawk Industries MHK 608190104 05/19/04 Elect D Kolb Issuer yes for for
Mohawk Industries MHK 608190104 05/19/04 Elect W Wellborn Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/08/03 Elect H Slavkin Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/08/03 Elect J Wiltz Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/08/03 Independent auditors Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/16/04 Elect P Lewis Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/16/04 Elect G Renwick Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/16/04 Elect D Shackelford Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/16/04 Code of regulations Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/16/04 Executive bonus plan Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/16/04 Independent auditors Issuer yes for for
TJX Cos - New TJX 872540109 06/01/04 Elect G Crittenden Issuer yes for for
TJX Cos - New TJX 872540109 06/01/04 Elect E English Issuer yes for for
TJX Cos - New TJX 872540109 06/01/04 Elect R Lesser Issuer yes for for
TJX Cos - New TJX 872540109 06/01/04 Stock incentive plan Issuer yes for for
TJX Cos - New TJX 872540109 06/01/04 Intl human rights Security holder yes against for
TJX Cos - New TJX 872540109 06/01/04 Vendor code of conduct Security holder yes against for
TJX Cos - New TJX 872540109 06/01/04 Election of Directions Security holder yes against for
Tiffany & Co TIF 886547108 05/20/04 Elect M Kowalski Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect R Bravo Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect W Chaney Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect S Hayes Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect A Kohnstamm Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect C Marquis Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect J Presby Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect J Quinn Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Elect W Shutzer Issuer yes for for
Tiffany & Co TIF 886547108 05/20/04 Independent auditors Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect D Bernauer Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect J Howard Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect C Reed Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect D Schwartz Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect M Von Ferstel Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect W Foote Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect A McNally Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect J Rein Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect J Schwemm Issuer yes for for
Walgreen WAG 931422109 01/14/04 Elect C Walgreen III Issuer yes for for
Walgreen WAG 931422109 01/14/04 Director stock plan Issuer yes for for
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.
Registrant: Sequoia Fund, Inc.
By: /s/ Robert D. Goldfarb
President
Date: August 20, 2004