Form N-PX
Annual Report of Proxy Voting Record of
Copley Fund, Inc.
Investment Company Act File No.: 811-2815
Registrant
Copley Fund, Inc.
245 Sunrise Ave.
Palm Beach, FL 33480
Agent for Service
Fiscal Year End: February 28, 2005
Date of Reporting Period: July 1, 2004 to June 30, 2005
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Management Registrant
Proposal Proposed By Voted Voted
Alliant Energy Corp
CUSIP: 018802108 Ticker: LNT
Annual General Meeting: May 19, 2005
1 Elect 3 Directors Management For For
Ameren Corporation
CUSIP: 023608102 Ticker: AEE
Annual General Meeting: April 26, 2005
1 Elect Directors Management For For
2 Ratify Auditor Management For For
3 Proposed report on
storage of irradiated
rods at Callaway Nuclear
Plant Shareholder Against Against
4 Independent Director as Shareholder Against Against
Chairman of Board
American Electric Power
CUSIP:025537101 Ticker: AEP
Annual General Meeting: April 26, 2005
1 Elect 11 Directors Management For For
2 Ratify auditor -
Deloitte & Touche LLP Management For For
3 Approval of amended and
restated AEP system long
term incentive plan Management For For
4 Proposal regarding
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supplemental executive
retirement plans Shareholder Against Against
Bank of America Corporation
CUSIP: 060505104 Ticker: BAC
Annual General Meeting: April 27, 2005
1 Elect 17 Directors Management For Withhold
#17
2 Ratify auditor Management For For
3 Political Contributions Shareholder Against Against
4 Nominate more Directors
than seats Shareholder Against Against
Bell South Corp.
CUSIP: 079860102 Ticker: BLS
Annual General Meeting: April 26, 2005
1 Elect 10 Directors Management For Withhold
#9, 4
2 Ratify auditor Management For For
3 Disclosure of political
contributions Shareholder Against Against
BP P.L.C.
CUSIP: 055622104 Ticker: BP
Annual General Meeting: April 14, 2005
1 Elect 17 Directors Management For For
2 Ratify Auditor and
Authorize Board to set
Remuneration Management For For
3 Authority to Allot Shares
Up To a Specified Amount Management For For
4 Special Resolution: Give
Authority To Allot a
Limited Number of Shares
For Cash Without Making An
Offer to Shareholders Management For For
5 Special Resolution: Give
Limited Authority For
Purchase of its own
Shares by Company Management For For
6 Approve Directors'
Remuneration Report Management For For
7 Renewal of Executive
Directors' Incentive Plan Management For For
8 Receive the Directors'
Annual Report and Accounts Management For For
Bristol-Myers Squibb Co.
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CUSIP: 110122108 Ticker: BMY
Annual General Meeting: May 3, 2005
1 Elect 7 Directors Management For Withhold
#7
2 Ratify Auditor 2005
Pricewaterhouse Management For For
3 Approval of Restated
Certificate of Incorporation Management
4 Political Contrib. Stockholder Against Against
5 HIV/AIDS-TB Stockholder Against Against
6 Animal Testing Stockholder Against Against
7 Separation of CHM
and CEO Stockholder Against Against
8 Restatement Situations Stockholder Against Against
9 Restricted Stock Stockholder Against Against
10 Directors Vote
Threshold Stockholder Against Against
Cinergy Corp
CUSIP: 172474108 Ticker: CIN
Annual General Meeting: May 5, 2005
1 Elect 3 Directors Management For For
2 Ratify auditor Management For For
CHEVRONTEXACO CORPORATION
CUSIP: 166764100 Ticker CVX
Annual General Meeting: April 27, 2005
1 Elect 12 Directors Management For For
2 Ratify auditor Management For For
3 Directors' Compensation Shareholder Against Against
4 Executive Severance
Agreements Shareholder Against Against
5 Stock Option Expensing Shareholder Against Against
6 Animal Testing Shareholder Against Against
7 Oil/Gas Drilling in
Protected Areas Shareholder Against Against
8 Report on Ecuador Shareholder Against Against
Delta Natural Gas Company, Inc.
CUSIP: 247748106 Ticker: DGAS
Annual General Meeting: November 11, 2004
1 Elect 3 Directors Management For For
Detroit Edison
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CUSIP: 233331107 Ticker: DTE
Annual General Meeting: April 28, 2005
1 Elect 3 Directors Management For For
2 Ratify auditor Management For For
Dominion Resources, Inc.
CUSIP: 25746U109 Ticker: D
Annual General Meeting: April 22, 2005
1 Elect 15 Directors Management For For
2 Adopt Non-employee Directors
Compensation Plan Management For For
3 Adopt Incentive Compensation
Plan Management For For
4 Ratify Auditor Management For For
5 Shareholder Proposal Shareholder Against Against
Energy East Corporation
CUSIP: 29266M109 Ticker: EAS
Annual General Meeting: June 9, 2005
1 Elect 10 Directors Management For For
2 Ratify auditors Management For For
Exelon Corporation
CUSIP: 30161N01 Ticker: EXC
Annual General Meeting: July 22, 2005
1 Elect 4 Directors Management For For
2 Approval of Amendment to
Amended and Restated AOI Management For For
3 Ratify auditors Management For For
4 Approval of Annual
Incentive Plan for
senior executives Management For For
5 Employee Stock Purchase Management For For
Plan
6 Approval to Adjourn or Management For For
Postpone Annual Meeting
Exxon Mobile Corporation
CUSIP: 30231G102 Ticker: XOM
Annual General Meeting: May 25, 2005
1 Elect 11 Directors Management For For
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2 Ratify auditors Management For For
3 Political Contributions Shareholder Against Against
4 Board Compensation Shareholder Against Against
5 Industry Experience Shareholder Against Against
6 ACEH Security Report Shareholder Against Against
7 Amendment of EEO policy Shareholder Against Against
8 Biodiversity Impact Report Shareholder Against Against
9 Climate Science report Shareholder Against Against
10 Kyoto Compliance Report Shareholder Against Against
First Energy Corp
CUSIP: 337932107 Ticker: FE
Annual General Meeting: June 17, 2005
1 Elect 5 Directors Management For For
2 Ratification of Auditor Management For For
3 Political Contributions Shareholder Against Against
4 Adopt Simple Majority Vote Shareholder Against Against
5 Deferred Compensation plan Shareholder Against Against
for Senior Executives
FPL Group
CUSIP: 302571104 Ticker: FPL
Annual General Meeting: May 20, 2005
1 Elect 11 Directors Management For For
2 Ratify Auditor Management For For
Arthur J. Gallagher and Company
CUSIP: 363576109 Ticker: AJG
Annual General Meeting: May 17, 2005
1 Elect 2 Directors Management For For
2 Ratify auditors Management For For
3 Approve Senior Management
Incentive Plan Management For For
4 Approve Long-term Incentive
Plan Management For For
Great Plains Energy Incorporated
CUSIP: 391164100 Ticker: GXP
Annual General Meeting: May 3, 2005
1 Elect 11 Directors Management For For
2 Ratify auditors Management For For
J.P. Morgan Chase and Company
CUSIP: 46625H100 Ticker: JPM
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Annual General Meeting: May 17, 2005
1 Elect 16 Directors Management For For
2 Appointment of auditor Management For For
3 Approval of Long-Term
Incentive plan Management For For
4 Director term limit Shareholder Against Against
5 Separation of Chairman and
CEO Shareholder Against Against
6 Competitive Pay Shareholder Against Against
7 Recoup Unearned Management
Bonuses Shareholder Against Against
Key Corp
CUSIP: 493267108 Ticker: KEY
Annual General Meeting: May 5, 2005
1 Elect 5 Directors Management For For
2 Ratification of Auditor Management For For
KeySpan Corporation
CUSIP: 49337W100 Ticker: KSE
Annual General Meeting: May 20, 2005
1 Elect 10 Directors Management For For
2 Ratify auditors Management For For
New Jersey Resources Corporation
CUSIP: 646025106 Ticker: NJR
Annual General Meeting: January 19, 2005
1 Elect 3 Directors Management For For
2 Ratify auditors Management For For
Northwest Natural Gas Company
CUSIP: 667655104 Ticker: NWN
Annual General Meeting: May 26, 2005
1 Elect 5 Directors Management For For
NSTAR
CUSIP: 67019E107 Ticker: NST
Annual General Meeting: April 26, 2005
1 Elect 4 Directors Management For For
2 Ratify Auditor Management For For
3 Amend Declaration of Trust
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to Increase Number of Shares Management For For
Peoples Energy Corporation
CUSIP: 711030106 Ticker:PGL
Annual General Meeting: February 25, 2005
1 Elect 12 Directors Management For For
2 Shareholder proposal Shareholder For
Pfizer Incorporated
CUSIP: 717081103 Ticker: PFE
Annual General Meeting: April 28, 2005
1 Elect 14 Directors Management For Withhold
#5
2 Approve auditor
KPMG LLP 2004 Management For For
3 Term Limits for Directors Shareholder Against Against
4 Report on Increasing
Access to Pfizer Products Shareholder Against Against
5 Importation of Prescription
Drugs Shareholder Against Against
6 Political Contributions Shareholder Against Against
7 Product Availability in
Canada Shareholder Against Against
8 Separation of Chair and
CEO and Access to
Pharmaceutical Products Shareholder Against Against
PNC Financial Services Group, Inc.
CUSIP: 693475105 Ticker: PNC
NO INFORMATION RECEIVED
PP&L Corporation
CUSIP: 69351T106 Ticker: PPL
Annual General Meeting: April 22, 2005
1 Elect 3 Directors Management For For
2 Approval of Agreement and
Plan of Merger with Excelon Management For For
3 Ratify auditor Management For For
4 Approval to Adjourn or
Postpone Annual Meeting Management For For
5 Executive Compensation Shareholder Against Against
Progress Energy, Inc.
CUSIP: 743263105 Ticker: PGN
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Annual General Meeting: May 11, 2005
1 Elect 3 Directors Management For For
2 Ratify Auditor Management For For
Public Service Enterprise Group Incorporated
CUSIP: 744573106 Ticker: PEG
Annual General Meeting: July 16, 2005
1 Elect 1 Director for Class I
term expiring in 2006
Elect 3 Directors for Class II
term expiring in 2007 Management For For
2 Approval of 2004 Long-Term
Incentive Plan Management For For
3 Ratify auditor Management For For
4 Nomination of at least two
candidates for each open
Board position Shareholder Against Against
SBC Communications, Inc.
CUSIP: 78387G103 Ticker: SBG
Annual General Meeting: April 29, 2005
1 Elect 14 Directors Management For For
2 Appointment of Independent
Auditor Management For For
3 Approval of Stock Purchase
and Deferral Plan Management For For
4 Shareholder Proposal Shareholder Against Against
5 Shareholder Proposal Shareholder Against Against
6 Shareholder Proposal Shareholder Against Against
7 Shareholder Proposal Shareholder Against Against
SCANA Corp
CUSIP: 80589M102 Ticker SCG
Annual General Meeting: May 5, 2005
1 Election of 3 Directors Management For For
2 Approval of Amended and
Restated Long-Term Equity
Compensation Management For For
3 Approval of appointment of
independent auditor Management For For
Sempra Energy, Inc.
CUSIP: 816851109 Ticker: SRE
Annual General Meeting: April 5, 2005
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1 Elect Directors Management For For
2 Ratify auditor Management For For
3 Stock Option Expensing Shareholder Against Against
4 Annual Election of Directors Shareholder Against For
5 Performance Based Stock Options Shareholder Against Against
6 Shareholder Rights Plan Shareholder Against Against
Southern Company
CUSIP: 842587107 Ticker:
Annual General Meeting: May 25, 2005
1 Elect 10 Directors Management For For
2 Ratify auditor Management For For
3 Political Contributions Report Shareholder Against Against
Sunoco, Inc.
CUSIP: 88764P104 Ticker: SUN
Annual General Meeting: May 5, 2005
1 Elect 11 Directors Management For For
2 Ratify auditor Management For For
Verizon Communications, Inc.
CUSIP 92343V104 Ticker: VZ
Annual General Meeting: May 5, 2005
1 Elect 11 Directors Management For For
2 Ratify auditor Management For For
3 Cumulative Voting Shareholder Against Against
4 Majority Vote for Election
of Directors Shareholder Against Against
5 Board Composition Shareholder Against Against
6 Separate Chairman and CEO Shareholder Against Against
7 Directors' Liability Shareholder Against Against
8 Report on Political Contributions Shareholder Against Against
WalMart Stores, Inc.
CUSIP: 931142103 Ticker: WMT
Annual General Meeting: June 3, 2005
1 Elect 14 Directors Management For For
2 Approval of Stock Incentive Plan Management For For
3 Ratify Auditor Management For For
4 Executive Compensation Framework Shareholder Against Against
5 Sustainability Report Shareholder Against Against
6 Equity Compensation Report Shareholder Against Against
7 Political Contributions Report Shareholder Against Against
8 Equal Employment Report Shareholder Against Against
9 Standard Majority Vote for
Director Election Shareholder Against Against
10 Board Independence Shareholder Against Against
11 Performance-Vesting Shares Shareholder Against Against\
WGL Holdings, Inc.
CUSIP: 92924F106 Ticker: WGL
Annual General Meeting: February 23, 2005
1 Elect 8 Directors Management For For
2 Ratify auditor Management For For
3 Cumulative voting Shareholder Against Against
Zimmer Holdings, Inc.
CUSIP: 98956P102 Ticker: ZMH
Annual General Meeting: May 2, 2005
1 Elect 1 Director Management For For
2 Amendment to Teamshare
Stock Option Plan Management For For
3 Auditor ratification Management For For
4 Auditor Independence Shareholder Against Against
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.
Copley Fund, Inc.
By: /s/ Irving Levine
President
Date: August 26, 2005