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: 12/31/2008
Date of reporting period: 7/1/2007 - 6/30/2008
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
- ----------------------------------------------------------------------------------------------------------------------------------
Bed Bath & Beyond BBBY 075896100 07/10/07 Elect W Eisenberg Issuer yes for for
Bed Bath & Beyond BBBY 075896100 07/10/07 Elect S Barshay Issuer yes for for
Bed Bath & Beyond BBBY 075896100 07/10/07 Elect P Gaston Issuer yes for for
Bed Bath & Beyond BBBY 075896100 07/10/07 Elect V Morrison Issuer yes for for
Bed Bath & Beyond BBBY 075896100 07/10/07 Independent Auditors Issuer yes for for
Bed Bath & Beyond BBBY 075896100 07/10/07 Climate Report Security Holder yes Against for
Bed Bath & Beyond BBBY 075896100 07/10/07 Executive Compensation Security Holder yes Against for
Bed Bath & Beyond BBBY 075896100 07/10/07 Product Content Security Holder yes Against for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect S Decker Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect W Gates Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl A BRK.A 084670108 05/03/08 Elect W Scott Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect W Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect C Munger Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect H Buffett Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect S Decker Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect W Gates Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect D Gottesman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect C Guyman Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect D Keough Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect T Murphy Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect R Olson Issuer yes for for
Berkshire Hathaway - Cl B BRK.B 084670207 05/03/08 Elect W Scott Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect J Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect S Bell Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect H Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect J Brown Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect B Currey Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect J Henderson Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect T Hoepner Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect T Jennings Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect W Reilly Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect J Riedman Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect J Smith Issuer yes for for
Brown & Brown Inc. BRO 115236101 04/30/08 Elect C Varner Issuer yes for for
Brown & Brown Inc. BRO 115236101 05/16/07 Sharesave Plan Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/08 Elect S Decker Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/08 Elect R Dicerchio Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/08 Elect R Libenson Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/08 Elect J Meisenbach Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/08 Elect C Munger Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/08 Stock Incentive Plan Issuer yes for for
Costco Wholesale Corp COST 22160k105 01/29/08 Independent Auditors Issuer yes for for
Danaher Corp. DHR 235851102 05/06/08 Elect H Culp Issuer yes for for
Danaher Corp. DHR 235851102 05/06/08 Elect M Rales Issuer yes for for
Danaher Corp. DHR 235851102 05/06/08 Independent Auditors Issuer yes for for
Danaher Corp. DHR 235851102 05/06/08 Executive Compensation Security Holder yes against for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect P Rose Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect J Wang Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect R Gates Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect J Casey Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect D Kourkoumelis Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect M Malone Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect J Meisenbach Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect M Emmert Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Elect R Wright Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Stock Option Plan Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Restricted Stock Plan Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Executive Compensation Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Independent Auditors Issuer yes for for
Expeditors Intl Wash Inc EXPD 302130109 05/07/08 Equal Opportunity Security Holder yes against for
Fastenal Co FAST 311900104 04/15/08 Elect R Kierlin Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect S Slaggie Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect M Gostomski Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect H Miller Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect H McConnon Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect R Hansen Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect W Oberton Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect M Dolan Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Elect R Wisecup Issuer yes for for
Fastenal Co FAST 311900104 04/15/08 Independent Auditors Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/07/08 Elect T Craig Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/07/08 Elect E Desouza Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/07/08 Elect R Henderson Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/07/08 Incentive Compensation Issuer yes for for
Idexx Laboratories Corp. IDXX 45168D104 05/07/08 Independent Auditors Issuer Yes for for
Knight Transportation Inc kNX 499064103 05/22/08 Elect D Bliss Issuer Yes for for
Knight Transportation Inc kNX 499064103 05/22/08 Elect R Lehmann Issuer Yes for for
Knight Transportation Inc kNX 499064103 05/22/08 Stock Option Plan Issuer Yes for for
Knight Transportation Inc kNX 499064103 05/22/08 Independent Auditors Issuer Yes for for
Lowe's Companies Inc LOW 548661107 05/30/08 Elect R Ingram Issuer Yes for for
Lowe's Companies Inc LOW 548661107 05/30/08 Elect R Johnson Issuer Yes for for
Lowe's Companies Inc LOW 548661107 05/30/08 Elect R Lochridge Issuer Yes for for
Lowe's Companies Inc LOW 548661107 05/30/08 Independent Auditors Issuer Yes for for
Lowe's Companies Inc LOW 548661107 05/30/08 Classified Structure Issuer Yes for for
Lowe's Companies Inc LOW 548661107 05/30/08 Vote Requirements Security Holder Yes against for
Lowe's Companies Inc LOW 548661107 05/30/08 Executive Compensation Security Holder Yes against for
Martin Marietta Materials MLM 573284106 05/28/08 Elect S Cole Issuer Yes for for
Martin Marietta Materials MLM 573284106 05/28/08 Elect M Quillen Issuer Yes for for
Martin Marietta Materials MLM 573284106 05/28/08 Elect S Zelnak Issuer Yes for for
Martin Marietta Materials MLM 573284106 05/28/08 Independent Auditors Issuer Yes for for
MasterCard Inc MA 57636Q104 06/03/08 Elect B Fung Issuer yes for for
MasterCard Inc MA 57636Q104 06/03/08 Elect M Olivie Issuer yes for for
MasterCard Inc MA 57636Q104 06/03/08 Elect M Schwartz Issuer yes for for
MasterCard Inc MA 57636Q104 06/03/08 Independent Auditors Issuer yes for for
Mohawk Industries Inc MHK 608190104 05/14/08 Elect J Fiedler Issuer yes for for
Mohawk Industries Inc MHK 608190104 05/14/08 Elect J Lorberbaum Issuer yes for for
Mohawk Industries Inc MHK 608190104 05/14/08 Elect R Pokelwaldt Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/06/08 Elect D O'Reilly Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/06/08 Elect J Burchfield Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/06/08 Elect P Lederer Issuer yes for for
O'Reilly Automotive Inc ORLY 686091109 05/06/08 Independent Auditors Issuer yes for for
Paccar Inc PCAR 693718108 04/22/08 Elect J Fluke Issuer yes for for
Paccar Inc PCAR 693718108 04/22/08 Elect S Page Issuer yes for for
Paccar Inc PCAR 693718108 04/22/08 Elect M Tembreull Issuer yes for for
Paccar Inc PCAR 693718108 04/22/08 Authorized Shares Issuer yes for for
Paccar Inc PCAR 693718108 04/22/08 Vote Provisions Security Holder yes against for
Paccar Inc PCAR 693718108 04/22/08 Vote Threshold Security Holder yes against for
Progressive Corp. Ohio PGR 743315103 04/18/08 Elect C Davis Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/18/08 Elect B Healy Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/18/08 Elect J Kelly Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/18/08 Elect A Kohnstamm Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/18/08 Voting Standard Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/18/08 Code of Regulations Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/18/08 Code of Regulations Issuer yes for for
Progressive Corp. Ohio PGR 743315103 04/18/08 Independent Auditors Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Financial Statements Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Remuneration Report Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect H Alexander Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect J McAdam Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect M Terrett Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect P Byrom Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect J Rose Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect A Shilston Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect C Smith Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Elect I Strachan Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Independent Auditors Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Issue of B Shares Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Political Donations Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Articles of Association Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Articles of Association Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Articles of Association Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Purchase Own Shares Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Issue of C Shares Issuer yes for for
Rolls Royce Group PLC RYCEF G7630U109 05/07/08 Articles of Association Issuer yes for for
Target Corp. TGT 87612E106 05/22/08 Elect R Austin Issuer Yes for for
Target Corp. TGT 87612E106 05/22/08 Elect J Johnson Issuer Yes for for
Target Corp. TGT 87612E106 05/22/08 Elect M Minnick Issuer Yes for for
Target Corp. TGT 87612E106 05/22/08 Elect D Rice Issuer Yes for for
Target Corp. TGT 87612E106 05/22/08 Independent Auditors Issuer Yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect D Brandon Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect B Cammarata Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect D Ching Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect M Hines Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect A Lane Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect C Meyrowitz Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect J O'brien Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect R Shapiro issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect W Shire Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect F Wiley Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect J Alvarez Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Elect A Bennett Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Independent auditors Issuer yes for for
TJX Cos - New TJX 872540109 06/03/08 Election of Directors Security holder yes against for
TJX Cos - New TJX 872540109 06/03/08 Employment Principles Security holder yes against for
Vulcan Materials VMC 929160109 05/09/08 Elect D James Issuer yes for for
Vulcan Materials VMC 929160109 05/09/08 Elect A Korologos Issuer yes for for
Vulcan Materials VMC 929160109 05/09/08 Elect P Carroll Issuer yes for for
Vulcan Materials VMC 929160109 05/09/08 Elect O Smith Issuer yes for for
Vulcan Materials VMC 929160109 05/09/08 Independent Auditors Issuer yes for for
Vulcan Materials VMC 929160109 05/09/08 Restated Certificate Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect A Silva Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect C Reed Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect D Schwartz Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect M Von Ferstel Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect W Foote Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect A McNally Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect J Rein Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect N Schlichting Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect C Walgreen III Issuer yes for for
Walgreens WAG 931422109 01/09/08 Elect J Skinner Issuer yes for for
Walgreens WAG 931422109 01/09/08 Independent Auditors Issuer yes for for
Walgreens WAG 931422109 01/09/08 Charitable Contributions Security holder yes against for
Walgreens WAG 931422109 01/09/08 Shareholder Vote Security holder yes against for
Walgreens WAG 931422109 01/09/08 Independent Director Security holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect A Alvarez Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect J Breyer Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect M Burns Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect J Cash Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect R Corbett Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect D Daft Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect D Glass Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect G Penner Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect A Questrom Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect H Scott Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect A Sorenson Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect J Walton Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect S Walton Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect C Williams Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Elect L Wolf Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Incentive Plan Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Independent Auditors Issuer yes for for
Wal Mart Stores Inc WMT 931142103 06/06/08 Equal Employment Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Superior Performance Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Executive Compensation Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Human Rights Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Executive Compensation Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Political Contributions Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Social Impact Report Security Holder yes against for
Wal Mart Stores Inc WMT 931142103 06/06/08 Shareholder Meeting Security Holder yes against for
Whole Foods Market Inc WFMI 966837106 03/10/08 Elect J Elstrott Issuer yes for for
Whole Foods Market Inc WFMI 966837106 03/10/08 Elect G Greene Issuer yes for for
Whole Foods Market Inc WFMI 966837106 03/10/08 Elect H Hassan Issuer yes for for
Whole Foods Market Inc WFMI 966837106 03/10/08 Elect J Mackey Issuer yes for for
Whole Foods Market Inc WFMI 966837106 03/10/08 Elect M Siegel Issuer yes for for
Whole Foods Market Inc WFMI 966837106 03/10/08 Elect R Sorenson Issuer yes for for
Whole Foods Market Inc WFMI 966837106 03/10/08 Independent Auditors Issuer yes for for
Whole Foods Market Inc WFMI 966837106 03/10/08 Majority Vote Security Holder yes Against for
Whole Foods Market Inc WFMI 966837106 03/10/08 Seperating Roles 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 19, 2008