******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-09923
Reporting Period: 07/01/2017 - 06/30/2018
Kinetics Portfolio Trust
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 811-09303
Kinetics Mutual Funds, Inc.
(Exact name of registrant as specified in charter)
470 Park Avenue South, New York, NY, 10016
(Address of principal executive offices) (Zip code)
Jay Kesslen
470 Park Avenue South
New York, NY, 10016
(Name and address of agent for service)
Registrant's telephone number, including area code: 1-914-703-6900
Date of fiscal year end: 12/31
Date of reporting period: July 1, 2017 - June 30, 2018
ITEM 1. PROXY VOTING RECORD.
Eight of the nine funds of Kinetics Mutual Funds, Inc. are feeder funds that
hold shares in the master portfolios of Kinetics Portfolios Trust (the "Trust"):
The Internet Fund, The Global Fund, The Paradigm Fund, The Medical Fund, The
Small Cap Opportunities Fund, The Market Opportunities Fund, The Alternative
Income Fund, The Multi-Disciplinary Income Fund. For the voting record of the
Trust's master portfolios, please see Form N-PX filed on Edgar on
August 10, 2018 by Kinetics Portfolios Trust, CIK # 0001113229. Please see
below for the voting records of the Kinetics Spin-off and Corporate
Restructuring Fund.
=============== Kinetics Spin-off & Corporate Restructuring Fund ===============
ASSOCIATED CAPITAL GROUP, INC.
Ticker: AC Security ID: 045528106
Meeting Date: MAY 08, 2018 Meeting Type: Annual
Record Date: MAR 23, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Richard L. Bready For For Management
1.2 Elect Director Marc Gabelli For For Management
1.3 Elect Director Mario J. Gabelli For Withhold Management
1.4 Elect Director Douglas R. Jamieson For For Management
1.5 Elect Director Daniel R. Lee For For Management
1.6 Elect Director Bruce M. Lisman For For Management
1.7 Elect Director Frederic V. Salerno For For Management
1.8 Elect Director Salvatore F. Sodano For For Management
2 Ratify Deloitte & Touche LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
CABLE ONE, INC.
Ticker: CABO Security ID: 12685J105
Meeting Date: MAY 08, 2018 Meeting Type: Annual
Record Date: MAR 16, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Thomas S. Gayner For Against Management
1b Elect Director Deborah J. Kissire For Against Management
1c Elect Director Thomas O. Might For Against Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
CIVEO CORPORATION
Ticker: CVEO Security ID: 17878Y108
Meeting Date: MAR 28, 2018 Meeting Type: Special
Record Date: FEB 01, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1 Issue Shares in Connection with For For Management
Acquisition
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CIVEO CORPORATION
Ticker: CVEO Security ID: 17878Y108
Meeting Date: MAY 10, 2018 Meeting Type: Annual
Record Date: MAR 21, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director C. Ronald Blankenship For For Management
1.2 Elect Director Charles Szalkowski For For Management
1.3 Elect Director Ronald J. Gilbertson For For Management
2 Approve Ernst & Young LLP as Auditors For For Management
and Authorize Board to Fix Their
Remuneration
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
4 Amend Omnibus Stock Plan For For Management
--------------------------------------------------------------------------------
DREAM UNLIMITED CORP.
Ticker: DRM Security ID: 26153M200
Meeting Date: MAY 17, 2018 Meeting Type: Annual
Record Date: APR 06, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael J. Cooper For For Management
1.2 Elect Director James Eaton For For Management
1.3 Elect Director Joanne Ferstman For For Management
1.4 Elect Director Richard N. Gateman For For Management
1.5 Elect Director Jane Gavan For For Management
1.6 Elect Director Duncan Jackman For For Management
1.7 Elect Director Jennifer Lee Koss For For Management
1.8 Elect Director Vincenza Sera For For Management
2 Approve PricewaterhouseCoopers LLP as For For Management
Auditors and Authorize Trustees to Fix
Their Remuneration
--------------------------------------------------------------------------------
DUNDEE CORPORATION
Ticker: DC.A Security ID: 264901109
Meeting Date: JUN 04, 2018 Meeting Type: Annual
Record Date: APR 10, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve PricewaterhouseCoopers LLP as For For Management
Auditors and Authorize Board to Fix
Their Remuneration
2.1 Elect Director Jonathan Goodman For For Management
2.2 Elect Director Garth A.C. MacRae For For Management
2.3 Elect Director Robert McLeish For For Management
2.4 Elect Director Andrew Molson For For Management
2.5 Elect Director A. Murray Sinclair For For Management
2.6 Elect Director K. Barry Sparks For For Management
--------------------------------------------------------------------------------
ECHOSTAR CORPORATION
Ticker: SATS Security ID: 278768106
Meeting Date: APR 30, 2018 Meeting Type: Annual
Record Date: MAR 02, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director R. Stanton Dodge For Withhold Management
1.2 Elect Director Michael T. Dugan For Withhold Management
1.3 Elect Director Charles W. Ergen For Withhold Management
1.4 Elect Director Anthony M. Federico For For Management
1.5 Elect Director Pradman P. Kaul For Withhold Management
1.6 Elect Director Tom A. Ortolf For For Management
1.7 Elect Director C. Michael Schroeder For For Management
1.8 Elect Director William David Wade For For Management
2 Ratify KPMG LLP as Auditors For For Management
--------------------------------------------------------------------------------
GANNETT CO., INC.
Ticker: GCI Security ID: 36473H104
Meeting Date: MAY 08, 2018 Meeting Type: Annual
Record Date: MAR 09, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Matthew W. Barzun For For Management
1b Elect Director John E. Cody For For Management
1c Elect Director Stephen W. Coll For For Management
1d Elect Director Robert J. Dickey For For Management
1e Elect Director Donald E. Felsinger For For Management
1f Elect Director Lila Ibrahim For For Management
1g Elect Director Lawrence S. Kramer For For Management
1h Elect Director John Jeffry Louis For For Management
1i Elect Director Tony A. Prophet For For Management
1j Elect Director Debra A. Sandler For For Management
1k Elect Director Chloe R. Sladden For For Management
2 Ratify Ernst & Young LLP as Auditors For For Management
3 Amend Omnibus Stock Plan For For Management
4 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
GRAHAM HOLDINGS COMPANY
Ticker: GHC Security ID: 384637104
Meeting Date: MAY 03, 2018 Meeting Type: Annual
Record Date: MAR 14, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Christopher C. Davis For For Management
1.2 Elect Director Anne M. Mulcahy For For Management
1.3 Elect Director Larry D. Thompson For For Management
--------------------------------------------------------------------------------
HALYARD HEALTH, INC.
Ticker: HYH Security ID: 40650V100
Meeting Date: APR 26, 2018 Meeting Type: Annual
Record Date: MAR 02, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director William A. Hawkins For For Management
1b Elect Director Gary D. Blackford For For Management
1c Elect Director Patrick J. O'Leary For For Management
2 Ratify Deloitte & Touche LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
HERTZ GLOBAL HOLDINGS, INC.
Ticker: HTZ Security ID: 42806J106
Meeting Date: MAY 22, 2018 Meeting Type: Annual
Record Date: MAR 27, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director David Barnes For For Management
1b Elect Director SungHwan Cho For For Management
1c Elect Director Vincent Intrieri For For Management
1d Elect Director Henry Keizer For For Management
1e Elect Director Kathryn Marinello For For Management
1f Elect Director Anindita Mukherjee For For Management
1g Elect Director Daniel Ninivaggi For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
LIBERTY BROADBAND CORPORATION
Ticker: LBRDK Security ID: 530307107
Meeting Date: MAY 24, 2018 Meeting Type: Annual
Record Date: APR 02, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director J. David Wargo For Withhold Management
2 Ratify KPMG LLP as Auditors For For Management
3 Advisory Vote to Ratify Named For Against Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
LIBERTY MEDIA CORPORATION
Ticker: BATRK Security ID: 531229870
Meeting Date: MAY 23, 2018 Meeting Type: Annual
Record Date: APR 02, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Brian M. Deevy For For Management
1.2 Elect Director Gregory B. Maffei For For Management
1.3 Elect Director Andrea L. Wong For For Management
2 Ratify KPMG LLP as Auditors For For Management
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
4 Advisory Vote on Say on Pay Frequency Three Three Years Management
Years
--------------------------------------------------------------------------------
MASCO CORPORATION
Ticker: MAS Security ID: 574599106
Meeting Date: MAY 11, 2018 Meeting Type: Annual
Record Date: MAR 16, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Mark R. Alexander For For Management
1b Elect Director Richard A. Manoogian For For Management
1c Elect Director John C. Plant For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
--------------------------------------------------------------------------------
NEW MEDIA INVESTMENT GROUP INC.
Ticker: NEWM Security ID: 64704V106
Meeting Date: MAY 24, 2018 Meeting Type: Annual
Record Date: MAR 29, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Director Laurence Tarica For Withhold Management
2 Ratify Ernst & Young LLP as Auditors For For Management
3 Advisory Vote to Ratify Named For Against Management
Executive Officers' Compensation
4 Declassify the Board of Directors For For Management
--------------------------------------------------------------------------------
PAYPAL HOLDINGS, INC.
Ticker: PYPL Security ID: 70450Y103
Meeting Date: MAY 23, 2018 Meeting Type: Annual
Record Date: APR 03, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Rodney C. Adkins For For Management
1b Elect Director Wences Casares For For Management
1c Elect Director Jonathan Christodoro For For Management
1d Elect Director John J. Donahoe For For Management
1e Elect Director David W. Dorman For For Management
1f Elect Director Belinda J. Johnson For For Management
1g Elect Director Gail J. McGovern For For Management
1h Elect Director David M. Moffett For For Management
1i Elect Director Ann M. Sarnoff For For Management
1j Elect Director Daniel H. Schulman For For Management
1k Elect Director Frank D. Yeary For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Amend Omnibus Stock Plan For For Management
4 Amend Qualified Employee Stock For For Management
Purchase Plan
5 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
6 Amend Proxy Access Right Against For Shareholder
7 Report on Political Contributions Against For Shareholder
8 Amend Board Governance Documents to Against Against Shareholder
Define Human Rights Responsibilities
--------------------------------------------------------------------------------
RAYONIER ADVANCED MATERIALS INC.
Ticker: RYAM Security ID: 75508B104
Meeting Date: MAY 21, 2018 Meeting Type: Annual
Record Date: MAR 23, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1A Elect Director Charles E. Adair For Against Management
1B Elect Director Julie A. Dill For For Management
1C Elect Director James F. Kirsch For Against Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Amend Omnibus Stock Plan For For Management
4 Ratify Grant Thornton LLP as Auditors For For Management
--------------------------------------------------------------------------------
TEGNA INC.
Ticker: TGNA Security ID: 87901J105
Meeting Date: APR 26, 2018 Meeting Type: Annual
Record Date: FEB 26, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Gina L. Bianchini For For Management
1b Elect Director Howard D. Elias For For Management
1c Elect Director Stuart J. Epstein For For Management
1d Elect Director Lidia Fonseca For For Management
1e Elect Director David T. Lougee For For Management
1f Elect Director Scott K. McCune For For Management
1g Elect Director Henry W. McGee For For Management
1h Elect Director Susan Ness For For Management
1i Elect Director Bruce P. Nolop For For Management
1j Elect Director Neal Shapiro For For Management
1k Elect Director Melinda C. Witmer For For Management
2 Ratify Ernst & Young LLP as Auditors For For Management
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
THE E.W. SCRIPPS COMPANY
Ticker: SSP Security ID: 811054402
Meeting Date: MAY 10, 2018 Meeting Type: Proxy Contest
Record Date: MAR 16, 2018
# Proposal Mgt Rec Vote Cast Sponsor
Management Proxy (White Proxy Card) None
1.1 Elect Director Lauren R. Fine For For Management
1.2 Elect Director Roger L. Ogden For Withhold Management
1.3 Elect Director Kim Williams For For Management
# Proposal Diss Rec Vote Cast Sponsor
Dissident Proxy (Blue Proxy Card) None
1.1 Elect Director Colleen Birdnow Brown For Did Not Vote Shareholder
1.2 Elect Director Raymond H. Cole For Did Not Vote Shareholder
1.3 Elect Director Vincent L. Sadusky For Did Not Vote Shareholder
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THE HOWARD HUGHES CORPORATION
Ticker: HHC Security ID: 44267D107
Meeting Date: MAY 17, 2018 Meeting Type: Annual
Record Date: MAR 22, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director William A. Ackman For For Management
1.2 Elect Director Adam Flatto For For Management
1.3 Elect Director Jeffrey Furber For For Management
1.4 Elect Director Beth Kaplan For For Management
1.5 Elect Director Allen Model For For Management
1.6 Elect Director R. Scot Sellers For For Management
1.7 Elect Director Steven Shepsman For For Management
1.8 Elect Director Burton M. Tansky For For Management
1.9 Elect Director Mary Ann Tighe For For Management
1.10 Elect Director David R. Weinreb For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Ernst & Young LLP as Auditors For For Management
--------------------------------------------------------------------------------
THE MANITOWOC COMPANY, INC.
Ticker: MTW Security ID: 563571405
Meeting Date: MAY 01, 2018 Meeting Type: Annual
Record Date: FEB 28, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Robert G. Bohn For For Management
1.2 Elect Director Donald M. Condon, Jr. For For Management
1.3 Elect Director Anne M. Cooney For For Management
1.4 Elect Director Kenneth W. Krueger For For Management
1.5 Elect Director C. David Myers For For Management
1.6 Elect Director Barry L. Pennypacker For For Management
1.7 Elect Director John C. Pfeifer For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
4 Adopt Simple Majority Vote Against For Shareholder
--------------------------------------------------------------------------------
TRIBUNE MEDIA COMPANY
Ticker: TRCO Security ID: 896047503
Meeting Date: MAY 30, 2018 Meeting Type: Annual
Record Date: APR 06, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Peter M. Kern For Withhold Management
2 Advisory Vote to Ratify Named For Against Management
Executive Officers' Compensation
3 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
--------------------------------------------------------------------------------
WELBILT, INC.
Ticker: WBT Security ID: 949090104
Meeting Date: APR 27, 2018 Meeting Type: Annual
Record Date: FEB 28, 2018
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Cynthia M. Egnotovich For For Management
1b Elect Director Dino J. Bianco For For Management
1c Elect Director Joan K. Chow For For Management
1d Elect Director Thomas D. Davis For For Management
1e Elect Director Janice L. Fields For For Management
1f Elect Director Brian R. Gamache For For Management
1g Elect Director Andrew Langham For For Management
1h Elect Director Hubertus M. Muehlhaeuser For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
========== END NPX REPORT
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.
(Registrant) Kinetics Mutual Funds, Inc.
By (Signature and Title)* /s/ Peter B. Doyle
Peter B. Doyle
President
Date 8/10/18