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: 811-03074
Northeast Investors Growth Fund
(exact name of registrant as specified in charter)
150 Federal Street, Room 1000
Boston, MA 02110
David Randall
150 Federal St, Room 1000
Boston, MA 02110
(name and address of agent for service)
Registrant's telephone number, including area code: 617-523-3588
Date of fiscal year end: December 31, 2004
Date of reporting period ending: June 30, 2004
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 (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 records for
the most recent twelve-month period 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. 3507.
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NORTHEAST INVESTORS GROWTH FD
Meeting Date: 10/14/2003
Name: PROCTOR & GAMBLE
CUSIP: 742718109
Ticker: PG
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 RATIFY THE APPOINTMENT OF INDEPENDENT AUDITORS ISSUER YES FOR MANAGEMENT
003 APPROVE PROCTOR AND GAMBLE 2003 NON-EMPLOYEE ISSUER NO AGAINST MANAGEMENT
DIRECTORS STOCK PLAN
004 BOARD OF DIRECTORS TERMS SHAREHOLDER NO FOR MANAGEMENT
005 LABEL GENETICALLY ENGINEERED FOODS SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 10/23/2003
Name: BARR LABORATORIES INC
CUSIP: 068306109
Ticker: BRL
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 APPROVAL OF THE REINCORPORATION OF THE COMPANY IN ISSUER YES FOR MANAGEMENT
THE STATE OF DELAWARE
003 APPROVAL OF AN INCREASE IN THE NUMBER OF ISSUER YES FOR MANAGEMENT
AUTHORIZED SHARES
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 10/28/2003
Name: FIRST DATA CORP
CUSIP: 319963104
Ticker: FDC
Question
Number Question Vote Proposer Vote Vote Type
001 TO APPROVE THE ISSUANCE OF SHARES AS CONTEMPLATED ISSUER YES FOR MANAGEMENT
BY THE AGREEMENT AND PLAN OF MERGER
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 10/30/2003
Name: INTUIT INC
CUSIP: 461202103
Ticker: INTU
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 APPROVE THE AMENDMENT OF THE 1996 EMPLOYEE STOCK ISSUER NO AGAINST MANAGEMENT
PURCHASE PLAN
003 AUDITORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 11/07/2003
Name: SYSCO CORP
CUSIP: 871829107
Ticker: SYY
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 APPROVAL OF AMENDMENT TO THE CERTIFICATE OF ISSUER YES FOR MANAGEMENT
CORPORATION
003 APPROVAL OF THE 2003 STOCK INCENTIVE PLAN ISSUER NO AGAINST MANAGEMENT
004 SHAREHOLDER PROPOSAL RELATING TO GENETICALLY SHAREHOLDER NO FOR MANAGEMENT
ENGINEERED INGREDIENTS
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 11/11/2003
Name: MICROSOFT CORP
CUSIP: 594918104
Ticker: MSFT
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 ADOPTION OF THE AMENDMENTS TO THE 2001 STOCK PLAN ISSUER NO AGAINST MANAGEMENT
003 ADOPTION OF THE AMENDMENTS TO THE 1999 STOCK PLAN ISSUER NO AGAINST MANAGEMENT
FOR NON-EMPLOYEE DIRECTORS
004 SHAREHOLDER PROPOSAL SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 3/03/2004
Name: WALT DISNEY CO
CUSIP: 254687106
Ticker: DIS
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 RATIFY AUDITORS ISSUER YES FOR MANAGEMENT
003 APPROVE THE HARRINGTON INVESTMENTS SHAREHOLDER SHAREHOLDER NO FOR MANAGEMENT
PROPOSAL RELATING TO LABOR STANDARDS IN CHINA
004 APPROVE THE NYC ERTIREMENT SYSTEMS AND PENSION SHAREHOLDER NO FOR MANAGEMENT
FUNDS PROPOSAL
005 APPROVE THE SHAREHOLDER PROPOSAL RELATING TO THEME SHAREHOLDER NO FOR MANAGEMENT
PARK SAFETY REPORTING
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 3/09/2004
Name: ANALOG DEVICES
CUSIP: 032654105
Ticker: ADI
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 APPROVE THE AMENDMENT TO THE COMPANYS RESTATED ISSUER YES FOR MANAGEMENT
ARTICLES OF ORGANIZATION
003 RATIFY THE AUDITORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 3/11/2004
Name: CABOT CORP
CUSIP: 127055101
Ticker: CBT
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 3/17/2004
Name: FLEETBOSTON FINANCIAL CORP
CUSIP: 339030108
Ticker: FBF
Question
Number Question Vote Proposer Vote Vote Type
001 APPROVAL OF MERGER AGREEMENT ISSUER YES FOR MANAGEMENT
002 APPROVAL OF PROPOSAL TO ADJOURN THE FLEETBOSTON ISSUER YES FOR MANAGEMENT
SPECIAL MEETING
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 3/22/2004
Name: WHOLE FOODS MARKET, INC.
CUSIP: 966837106
Ticker: WFMI
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 PROPOSAL TO APPROVE THE AMENDMENT TO THE STOCK ISSUER NO AGAINST MANAGEMENT
OPTION PLAN
003 APPOINTMENT OF AUDITORS ISSUER YES FOR MANAGEMENT
004 SHAREHOLDER PROPOSAL REGARDING THE COMPANY'S SHAREHOLDER YES AGAINST MANAGEMENT
SHAREHOLDER RIGHTS PLAN
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/19/2004
Name: ELI LILLY & CO
CUSIP: 532457108
Ticker: LLY
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 APPROVE THE ELI LILLY BONUS PLAN ISSUER NO AGAINST MANAGEMENT
004 SHAREHOLDER PROPOSAL RE EXECUTIVE COMPENSATION SHAREHOLDER NO FOR MANAGEMENT
005 SHAREHOLDER PROPOSAL RE REPORT OF HOW COMPANY WILL SHAREHOLDER NO FOR MANAGEMENT
RESPOND TO PRESSURE TO INCREASE ACCESS TO
PRESCRIPTION DRUGS
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/20/2004
Name: CITIGROUP INC
CUSIP: 172967101
Ticker: C
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 SHAREHOLDER PROPOSAL RE CURB ON EXECUTIVE SHAREHOLDER YES AGAINST MANAGEMENT
COMPENSATION
004 SHAREHOLDER PROPOSAL RE POLITICAL CONTRIBUTIONS SHAREHOLDER NO FOR MANAGEMENT
005 SHAREHOLDER PROPOSAL RE DISCONTINUATION OF ALL SHAREHOLDER YES AGAINST MANAGEMENT
RIGHTS OPTIONS
006 SHAREHOLDER PROPOSAL RE CHAIRMAN OF BOARD HAS NO SHAREHOLDER YES AGAINST MANAGEMENT
MANAGEMENT DUTIES
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/20/2004
Name: MELLON FINANCIAL CORP
CUSIP: 58551A108
Ticker: MEL
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AMENDMENT TO LONG TERM PROFIT INCENTIVE PLAN ISSUER YES FOR MANAGEMENT
003 AUDITORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/21/2004
Name: STATE STREET CORP
CUSIP: 857477103
Ticker: STT
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 STOCKHOLDER PROPOSAL TO EXEMPT THE BOARD OF SHAREHOLDER YES AGAINST MANAGEMENT
DIRECTORS FROM MA GEN LAWS
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/22/2004
Name: JOHNSON & JOHNSON
CUSIP: 478160104
Ticker: JNJ
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 SHAREHOLDER PROPOSAL ON CHARITABLE CONTRIBUTIONS SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/22/2004
Name: PFIZER INC
CUSIP: 717081103
Ticker: PFE
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 APPROVE THE 2004 STOCK PLAN ISSUER NO AGAINST MANAGEMENT
004 SHAREHOLDER PROPOSAL RE REVIEW OF THE ECONOMIC SHAREHOLDER NO FOR MANAGEMENT
EFFECTS OF HIV/AIDS, TB AND MALARIA
005 SHAREHOLDER PROPOSAL RE POLITICAL CONTRIBUTIONS SHAREHOLDER NO FOR MANAGEMENT
006 SHAREHOLDER PROPOSAL RE POLITICAL ENTITIES OR SHAREHOLDER NO FOR MANAGEMENT
CANDIDATES
007 SHAREHOLDER PROPOSAL RE IMPOSE TERM LIMITS ON SHAREHOLDER NO FOR MANAGEMENT
DIRECTORS
008 SHAREHOLDER PROPOSAL RE A REPORT ON INCREASING SHAREHOLDER NO FOR MANAGEMENT
ACCESS TO PFIZER PRODUCTS
009 SHAREHOLDER PROPOSAL ON STOCK OPTIONS SHAREHOLDER YES AGAINST MANAGEMENT
010 SHAREHOLDER PROPOSAL ON IN VITRO TESTING SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/26/2004
Name: AMERICAN EXPRESS CO
CUSIP: 025816109
Ticker: AXP
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 SHAREHOLDER PROPOSAL TO ESTABLISH 6 YEAR TERM SHAREHOLDER NO FOR MANAGEMENT
LIMITS FOR DIRECTORS
004 SHAREHOLDER PROPOSAL RE SEPARATE ANNUAL REPORT SHAREHOLDER NO FOR MANAGEMENT
DESCRIBING THE COMPANY'S POLITICAL CONTRIBUTIONS
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/27/2004
Name: BANKNORTH GROUP INC
CUSIP: 06646R107
Ticker: BNK
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/27/2004
Name: INTERNATL BUS MACH
CUSIP: 459200101
Ticker: IBM
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 AUDITORS FOR THE COMPANY'S CONSULTING SERVICES ISSUER YES FOR MANAGEMENT
UNIT
004 APPROVAL OF LONG TERM INCENTIVE PERFORMANCE TERMS ISSUER YES FOR MANAGEMENT
FOR CERTAIN EXECUTIVES
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/28/2004
Name: CHEVRONTEXACO CORP
CUSIP: 166764100
Ticker: CVX
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 SHOW SUPPORT FOR THE STOCKHOLDER RIGHTS PLAN ISSUER YES FOR MANAGEMENT
POLICY
004 APPROVAL OF LONG-TERM INCENTIVE PLAN ISSUER NO AGAINST MANAGEMENT
005 SHAREHOLDER PROPOSAL RE HIV/AIDS, TUBERCULOSIS SHAREHOLDER NO FOR MANAGEMENT
AND MALARIA
006 SHAREHOLDER PROPOSAL RE POLITICAL DISCLOSURE SHAREHOLDER NO FOR MANAGEMENT
007 SHAREHOLDER PROPOSAL OF DIRECTOR ELECTION VOTE SHAREHOLDER NO FOR MANAGEMENT
THRESHOLD
008 SHAREHOLDER PROPOSAL RE REPORT ON ECUADOR SHAREHOLDER NO FOR MANAGEMENT
009 SHAREHOLDER PROPOSAL RE RENEWABLE ENERGY SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/28/2004
Name: GENERAL ELECTRIC CO
CUSIP: 369604103
Ticker: GE
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 IND AUDITORS ISSUER YES FOR MANAGEMENT
003 REVENUE MEASUREMENT ADDED TO EXEC OFFICER GOALS ISSUER YES FOR MANAGEMENT
004 CUMULATIVE VOTING ISSUER NO FOR MANAGEMENT
005 ANIMAL TESTING ISSUER NO FOR MANAGEMENT
006 NUCLEAR RISK ISSUER NO FOR MANAGEMENT
007 REPORT ON PCB CLEANUP COSTS ISSUER NO FOR MANAGEMENT
008 OFFSHORE SOURCING ISSUER NO FOR MANAGEMENT
009 SUSTAINABILITY INDEX ISSUER NO FOR MANAGEMENT
010 COMPENSATION COMMITTEE INDEPENDENCE ISSUER NO FOR MANAGEMENT
011 PAY DISPARITY ISSUER NO FOR MANAGEMENT
012 END STOCK OPTIONS AND BONUSES SHAREHOLDER NO FOR MANAGEMENT
013 LIMIT OUTSIDE DIRECTORSHIPS ISSUER NO FOR MANAGEMENT
014 INDEPENDENT BOARD CHAIRMAN ISSUER NO FOR MANAGEMENT
015 EXPLORE SALE OF COMPANY ISSUER NO FOR MANAGEMENT
016 HOLDING STOCK FROM STOCK OPTIONS SHAREHOLDER NO FOR MANAGEMENT
017 BOARD INDEPENDENCE ISSUER NO FOR MANAGEMENT
018 POLITICAL CONTRIBUTIONS ISSUER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/29/2004
Name: CORNING INC
CUSIP: 219350105
Ticker: GLW
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 SHAREHOLDER PROPOSAL RE SEVERANCE AGREEMENTS WITH SHAREHOLDER NO FOR MANAGEMENT
SENIOR EXECUTIVES
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/29/2004
Name: KOS PHARMACEUTICALS INC
CUSIP: 500648100
Ticker: KOSP
Question
Number Question Vote Proposer Vote Vote Type
001 ELECTION OF DIRECTORS ISSUER YES FOR MANAGEMENT
002 AMEND THE STOCK OPTION PLAN ISSUER YES FOR MANAGEMENT
003 RATIFY AUDITORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 4/30/2004
Name: ZIONS BANCORPORATION
CUSIP: 989701107
Ticker: ZION
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 TO TRANSACT ANY OTHER BUSINESS BEFORE THE MEETING ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/05/2004
Name: PEPSICO
CUSIP: 713448108
Ticker: PEP
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 APPROVAL OF EXEC INCENTIVE COMPENSATION PLAN ISSUER NO AGAINST MANAGEMENT
004 SHAREHOLDER PROPOSAL SHAREHOLDER NO FOR MANAGEMENT
005 SHAREHOLDER PROPOSAL SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/10/2004
Name: ZIMMER HOLDINGS
CUSIP: 98956P102
Ticker: ZMH
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 STOCKHOLDER PROPOSAL RELATING TO POISON PILLS SHAREHOLDER YES AGAINST MANAGEMENT
003 STOCKHOLDER PROPOSAL RELATING TO AUDITOR SHAREHOLDER YES FOR MANAGEMENT
RATIFICATION
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/11/2004
Name: 3M CO.
CUSIP: 88579Y101
Ticker: MMM
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 APPROVAL TO INCREASE COMMON STOCK SHAREHOLDER YES FOR MANAGEMENT
004 PROPOSAL-SEPARATION OF ROLES OF CEO AND CHAIRMAN SHAREHOLDER YES AGAINST MANAGEMENT
OF BOARD
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/19/2004
Name: INTEL CORP
CUSIP: 458140100
Ticker: INTC
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 APPROVAL OF 2004 EQUITY INCENTIVE PLAN ISSUER NO AGAINST MANAGEMENT
004 EXPENSING OF STOCK OPTIONS SHAREHOLDER YES AGAINST MANAGEMENT
005 USE OF PERFORMANCE VESTING STOCK SHAREHOLDER YES AGAINST MANAGEMENT
006 USE OF PERFORMANCE BASED STOCK OPTIONS SHAREHOLDER YES AGAINST MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/21/2004
Name: TIME WARNER INC
CUSIP: 887317105
Ticker: TWX
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 RATIFY AUDITORS ISSUER YES FOR MANAGEMENT
003 STOCKHOLDER PROPOSAL RE CHINA BUSINESS PRINCIPLES SHAREHOLDER NO FOR MANAGEMENT
004 STOCKHOLDER PROPOSAL RE REPORT ON PAY DISPARITY SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/25/2004
Name: BANK ONE CORP
CUSIP: 06423A103
Ticker: ONE
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 MERGER PROPOSAL ISSUER YES FOR MANAGEMENT
003 AUDITORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/25/2004
Name: GILEAD SCIENCES INC
CUSIP: 375558103
Ticker: GILD
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 ADOPTION OF 2004 EQUITY INCENTIVE PLAN ISSUER NO AGAINST MANAGEMENT
004 INCREASE NUMBER OF SHARES FROM 500000000 TO SHAREHOLDER NO AGAINST MANAGEMENT
700000000
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/25/2004
Name: JP MORGAN & CHASE CO
CUSIP: 46625H100
Ticker: JPM
Question
Number Question Vote Proposer Vote Vote Type
006 DIRECTOR TERM LIMIT ISSUER NO FOR MANAGEMENT
007 CHARITABLE CONTRIBUTIONS ISSUER NO FOR MANAGEMENT
008 POLITICAL CONTRIBUTIONS ISSUER NO FOR MANAGEMENT
009 SEPARATION OF CEO AND CHAIRMAN ISSUER YES AGAINST MANAGEMENT
010 DERIVATIVE DISCLOSURE ISSUER NO FOR MANAGEMENT
011 AUDITOR INDEPENDENCE ISSUER NO FOR MANAGEMENT
012 DIRECTOR COMPENSATION ISSUER NO FOR MANAGEMENT
013 PAY DISPARITY ISSUER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/26/2004
Name: BANK OF AMERICA CORP
CUSIP: 060505104
Ticker: BAC
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 IND PUBLIC ACCOUNTANTS ISSUER YES FOR MANAGEMENT
003 STOCKHOLDER PROPOSAL-ANNUAL MEETING DATE SHAREHOLDER NO FOR MANAGEMENT
004 SP-NOMINATION OF DIRECTORS SHAREHOLDER NO FOR MANAGEMENT
005 SP-CHARITABLE CONTRIBUTIONS SHAREHOLDER NO AGAINST MANAGEMENT
006 SP-MUTUAL FUND TRADING POLICIES SHAREHOLDER NO FOR MANAGEMENT
007 SP-PRIVACY AND INFORMATION SECURTITY SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/26/2004
Name: COMCAST CORP CLASS A
CUSIP: 20030N101
Ticker: CMCSA
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 RESTRICTED STOCK PLAN SHAREHOLDER NO AGAINST MANAGEMENT
004 AMENDMENT TO ARTICLES OF INCORPORATION ISSUER NO AGAINST MANAGEMENT
005 ESTABLISH A TWO THIRDS IND BOARD ISSUER YES FOR MANAGEMENT
006 DISCLOSE POLITICAL CONTRIBUTIONS ISSUER YES FOR MANAGEMENT
007 NOMINATE TWO DIRECTORS FOR EVERY OPEN DIRECTORSHIP ISSUER NO AGAINST MANAGEMENT
008 LIMIT COMPENSATION FOR SENIOR EXECUTIVES ISSUER NO FOR MANAGEMENT
009 ADOPT A RECAPITALIZATION PLAN ISSUER NO AGAINST MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/27/2004
Name: HOME DEPOT
CUSIP: 437076102
Ticker: HD
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 RATIFY AUDITORS ISSUER YES FOR MANAGEMENT
003 STOCKHOLDER PROPOSAL RE OUTSIDE DIRECTOR TERM SHAREHOLDER NO FOR MANAGEMENT
LIMITS
004 STOCKHOLDER PROPOSAL RE POISON PILL SHAREHOLDER YES AGAINST MANAGEMENT
005 STOCKHOLDER PROPOSAL RE PERFORMANCE GOALS SHAREHOLDER NO FOR MANAGEMENT
006 STOCKHOLDER PROPOSAL RE HUMAN RIGHTS STANDARDS SHAREHOLDER NO FOR MANAGEMENT
007 STOCKHOLDER PROPOSAL RE FUTURE SEVERANCE AGREEMENT SHAREHOLDER NO FOR MANAGEMENT
008 STOCKHOLDER PROPOSAL RE VOTING OF DIRECTORS SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/27/2004
Name: IRON MOUNTAIN INC
CUSIP: 462846106
Ticker: IRM
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 APPROVE ADOPTION OF AMENDENT TO COMPANYS ARTICLES ISSUER YES FOR MANAGEMENT
OF INCORPORATION
003 APPROVE ADOPTION OF AMENDENT TO STOCK INCENTIVE SHAREHOLDER NO AGAINST MANAGEMENT
PLAN
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 5/27/2004
Name: XM SATELLITE RADIO HOLD-CL A
CUSIP: 983759101
Ticker: XMSR
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD Page 39
Meeting Date: 6/04/2004
Name: WAL MART STORES INC
CUSIP: 931142103
Ticker: WMT
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECTORS ISSUER YES FOR MANAGEMENT
002 ASDA COLLEAGUE SHARE OWNERSHIP PLAN ISSUER NO AGAINST MANAGEMENT
003 ASDA SHARESAVE PLAN SHAREHOLDER NO AGAINST MANAGEMENT
004 ASSOCIATE STOCK PURCHASE PLAN ISSUER NO AGAINST MANAGEMENT
005 ACCOUNTANTS ISSUER YES FOR MANAGEMENT
006 SP-INDEPENDENT CHAIRMAN SHAREHOLDER YES AGAINST MANAGEMENT
007 SP-SUSTAINABILITY REPORT SHAREHOLDER NO FOR MANAGEMENT
008 EQUITY COMPENSATION SHAREHOLDER NO FOR MANAGEMENT
009 SP-GENETICALLY ENGINEERED FOOD SHAREHOLDER NO FOR MANAGEMENT
010 SP-EQUAL EMPLOYMENT SHAREHOLDER NO FOR MANAGEMENT
011 SP-SHAREHOLDER APPROVAL OF PARTICIPATION SHAREHOLDER NO FOR MANAGEMENT
NORTHEAST INVESTORS GROWTH FD
Meeting Date: 6/24/2004
Name: BEST BUY INC
CUSIP: 086516101
Ticker: BBY
Question
Number Question Vote Proposer Vote Vote Type
001 DIRECT0RS ISSUER YES FOR MANAGEMENT
002 AUDITORS ISSUER YES FOR MANAGEMENT
003 STOCK AND INCENTIVE PLAN SHAREHOLDER NO AGAINST MANAGEMENT
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) Northeast Investors Growth Fund
By (Signature and Title)* William A. Oates, President and Trustee
Date August 25, 2004
* Print the name and title of each signing officer under his or her signature
By the Commission
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