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: 12/31/2007
Date of reporting period: 7/1/2006 - 6/30/2007
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)
- ----------------------------------------------------------------------------------------------------------------------------------
ISSUER TICKER CUSIP MEETING MATTER PROPOSED BY REGISTRANT VOTE FOR/AGAINST
DATE VOTED ON VOTED? CAST MANAGEMENT
- ----------------------------------------------------------------------------------------------------------------------------------
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect S Decker Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect W Gates Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Elect W Scott Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/05/07 Foreign Investments Security Holder yes against for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect S Decker Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect W Gates Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Elect W Scott Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/05/07 Foreign Investments Security Holder yes against for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect J Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect S Bell Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect H Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect B Currey Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect J Henderson Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect T Hoepner Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect D Hughes Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect T Jennings Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect J Riedman Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect J Smith Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Elect C Varner Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/31/07 Elect B Carson Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/31/07 Elect W Gates Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/31/07 Elect H James Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/31/07 Elect J Ruckelshaus Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/31/07 Independent Auditors Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Elect S Rales Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Elect J Schwieters Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Elect A Spoon Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Independent Auditors Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Authorized Shares Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Stock Incentive Plan Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Executive Compensation Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Deferred Incentive Plan Issuer yes for for
Danaher Corp. DHR 235851102 05/15/07 Executive Compensation Security Holder yes against for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Elect P Rose Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Elect J Wang Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Elect R Gates Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Elect J Casey Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Elect D Kourkoumelis Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Elect M Malone Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Elect J Meisenbach Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Stock Option Plan Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 stock Purchase plan Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Independent Auditors Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/02/07 Equal Employment Policy Security holder yes against for
Fastenal Co FAST 311900104 04/17/07 Elect R Kierlin Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect S Slaggie Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect M Gostomski Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect H Miller Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect H McConnon Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect R Hansen Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect W Oberton Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect M Dolan Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Elect R Wisecup Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Stock Option Plan Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Incentive Plan Issuer yes for for
Fastenal Co FAST 311900104 04/17/07 Independent Auditors Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/09/07 Elect J Ayers Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/09/07 Elect R Murray Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/09/07 Authorized Shares Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/09/07 Independent Auditors Issuer Yes for for
Knight Transportation Inc knx 499064103 05/24/07 Elect K Knight Issuer Yes for for
Knight Transportation Inc knx 499064103 05/24/07 Elect R Knight Issuer Yes for for
Knight Transportation Inc knx 499064103 05/24/07 Elect M Garnreiter Issuer Yes for for
Knight Transportation Inc knx 499064103 05/24/07 Restated Articles Issuer Yes for for
Knight Transportation Inc knx 499064103 05/24/07 Independent Auditors Issuer Yes for for
Lowe's Companies Inc low 548661107 05/25/07 Elect D Bernauer Issuer Yes for for
Lowe's Companies Inc low 548661107 05/25/07 Elect L Berry Issuer Yes for for
Lowe's Companies Inc low 548661107 05/25/07 Elect D Hudson Issuer Yes for for
Lowe's Companies Inc low 548661107 05/25/07 Elect R Niblock Issuer Yes for for
Lowe's Companies Inc low 548661107 05/25/07 Stock Purchase Plan Issuer Yes for for
Lowe's Companies Inc low 548661107 05/25/07 Independent Auditors Issuer Yes for for
Lowe's Companies Inc low 548661107 05/25/07 Share Ownership Security Owner Yes against for
Lowe's Companies Inc low 548661107 05/25/07 Wood Procurement Security Owner Yes against for
Lowe's Companies Inc low 548661107 05/25/07 Director Election Security Owner Yes against for
Lowe's Companies Inc low 548661107 05/25/07 Executive Severance Security Owner Yes against for
Lowe's Companies Inc low 548661107 05/25/07 Executive Compensation Security Owner Yes against for
MasterCard Inc MA 57636Q104 06/07/07 Elect N Karch Issuer yes for for
MasterCard Inc MA 57636Q104 06/07/07 Electct E Suning Tian Issuer yes for for
MasterCard Inc MA 57636Q104 06/07/07 Long Term Incentive Plan Issuer yes for for
MasterCard Inc MA 57636Q104 06/07/07 Restated Certificate Issuer yes for for
MasterCard Inc MA 57636Q104 06/07/07 Independent Auditors Issuer yes for for
Mohawk Industries MHK 608190104 05/16/07 Elect P Bonanno Issuer yes for for
Mohawk Industries MHK 608190104 05/16/07 Elect D Kolb Issuer yes for for
Mohawk Industries MHK 608190104 05/16/07 Elect W Wellborn Issuer yes for for
Mohawk Industries MHK 608190104 05/16/07 Long Term Incentive Plan Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/08/07 Elect L O'Reilly Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/08/07 Elect R O'Reilly Wooten Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/08/07 Elect J Greene Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/08/07 Independent Auditors Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/18/06 Elect E Rudnick Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/18/06 Elect H Slavkin Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/18/06 Elect J Wiltz Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/18/06 Elect C Reich Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/18/06 Employee Stock Purchase Issuer yes for for
Patterson Companies Inc PDCO 703395103 09/18/06 Independent Auditors Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Elect A Kohnstamm Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Elect P Lewis Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Elect P Nettles Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Elect G Renwick Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Elect D Shackelford Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Executive Bonus Plan Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Incentive Plan Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/20/07 Independent auditors Issuer yes for for
Target Corp. TGT 87612E106 05/24/07 Elect C Darden Issuer Yes for for
Target Corp. TGT 87612E106 05/24/07 Elect A Mulcahy Issuer Yes for for
Target Corp. TGT 87612E106 05/24/07 Elect S Sanger Issuer Yes for for
Target Corp. TGT 87612E106 05/24/07 Elect G Steinhafel Issuer Yes for for
Target Corp. TGT 87612E106 05/24/07 Independent Auditors Issuer Yes for for
Target Corp. TGT 87612E106 05/24/07 Short Term Incentive Issuer Yes for for
Target Corp. TGT 87612E106 05/24/07 Restated Articles Issuer Yes for for
Target Corp. TGT 87612E106 05/24/07 Political Contributions Security Holder Yes against for
TJX Cos - New TJX 872540109 06/05/07 Elect D Brandon Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect B Cammarata Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect D Ching Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect M Hines Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect A Lane Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect C Meyrowitz Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect J O'brien Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect R Shapiro issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect W Shire Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Elect F Wiley Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Executive Performance Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Independent auditors Issuer yes for for
TJX Cos - New TJX 872540109 06/05/07 Election of Directors Security holder yes against for
Tiffany & Co TIF 886547108 05/17/07 Elect M Kowalski Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect R Bravo Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect W Chaney Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect G Costley Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect A Kohnstamm Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect C Marquis Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect J Presby Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect J Quinn Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Elect W Shutzer Issuer yes for for
Tiffany & Co TIF 886547108 05/17/07 Independent auditors Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect D Bernauer Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect J Howard Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect C Reed Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect D Schwartz Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect M Von Ferstel Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect W Foote Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect A McNally Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect J Rein Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect N Schlichting Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect C Walgreen III Issuer yes for for
Walgreens WAG 931422109 01/10/07 Elect J Skinner Issuer yes for for
Walgreens WAG 931422109 01/10/07 Independent auditors Issuer yes for for
Walgreens WAG 931422109 01/10/07 Performance share Plan Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect A Alvarez Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect J Breyer Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect M Burns Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect J Cash Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect R Corbett Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect D Daft Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect D Glass Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect R Hernandez Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect A Questrom Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect H Scott Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect J Shewmaker Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect J Walton Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect S Walton Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect C Williams Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Elect L Wolf Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Independent Auditors Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/01/07 Charitable Contributions Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Health Care Policy Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Superior Performance Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Equity Compensation Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Compensation Disparity Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Social Responsibilty Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Executive Compensation Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Political Contributions Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Social Impact Report Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Cumulative Voting Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/01/07 Director Nominees Security Holder yes against 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 24, 2007