******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-09303
Reporting Period: 07/01/2020 - 06/30/2021
Kinetics Mutual Funds, Inc.
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 Registration]
470 Park Avenue South, New York, NY, 10016
[Address of Principal Executive office]
Jay Kesslen
470 Park Avenue South
New York, NY, 10016
[Name and Address of Agent for Service]
Registrant's telephone number, including area code: 1-646-495-7333
Date of fiscal year end: 12/31
Date of reporting period: July 1, 2020 to June 30, 2021
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 and 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 19, 2021 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: JUN 04, 2021 Meeting Type: Annual
Record Date: APR 15, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Mario J. Gabelli For For Management
1.2 Elect Director Marc Gabelli For For Management
1.3 Elect Director Douglas R. Jamieson For For Management
1.4 Elect Director Daniel R. Lee For For Management
1.5 Elect Director Bruce M. Lisman For For Management
1.6 Elect Director Richard T. Prins For For Management
1.7 Elect Director Frederic V. Salerno For For Management
1.8 Elect Director Salvatore F. Sodano For For Management
1.9 Elect Director Elisa M. Wilson For For Management
2 Ratify Deloitte & Touche LLP as For For Management
Auditors
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CAPITAL SOUTHWEST CORPORATION
Ticker: CSWC Security ID: 140501107
Meeting Date: JUL 29, 2020 Meeting Type: Annual
Record Date: JUN 01, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Christine S. Battist For For Management
1.2 Elect Director David R. Brooks For For Management
1.3 Elect Director Bowen S. Diehl For For Management
1.4 Elect Director Jack D. Furst For For Management
1.5 Elect Director T. Duane Morgan For For Management
1.6 Elect Director William R. Thomas For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify RSM US LLP as Auditors For For Management
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CIVEO CORPORATION
Ticker: CVEO Security ID: 17878Y207
Meeting Date: MAY 19, 2021 Meeting Type: Annual
Record Date: MAR 24, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director C. Ronald Blankenship For For Management
1b Elect Director Charles Szalkowski 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 Advisory Vote on Say on Pay Frequency One Year One Year Management
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CRIMSON WINE GROUP, LTD.
Ticker: CWGL Security ID: 22662X100
Meeting Date: AUG 25, 2020 Meeting Type: Annual
Record Date: JUN 25, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John D. Cumming For For Management
1.2 Elect Director Joseph S. Steinberg For For Management
1.3 Elect Director Avraham M. Neikrug For For Management
1.4 Elect Director Douglas M. Carlson For For Management
1.5 Elect Director Craig D. Williams For Withhold Management
1.6 Elect Director Colby A. Rollins For For Management
1.7 Elect Director Luanne D. Tierney For For Management
2 Ratify BPM LLP as Auditor For For Management
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CSW INDUSTRIALS, INC.
Ticker: CSWI Security ID: 126402106
Meeting Date: AUG 14, 2020 Meeting Type: Annual
Record Date: JUN 22, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Joseph B. Armes For For Management
1.2 Elect Director Michael R. Gambrell For For Management
1.3 Elect Director Terry L. Johnston For For Management
1.4 Elect Director Linda A. Livingstone For For Management
1.5 Elect Director William F. Quinn For For Management
1.6 Elect Director Robert M. Swartz For For Management
1.7 Elect Director J. Kent Sweezey For For Management
1.8 Elect Director Debra L. von Storch For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Grant Thornton LLP as Auditors For For Management
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DREAM UNLIMITED CORP.
Ticker: DRM Security ID: 26153M507
Meeting Date: JUN 07, 2021 Meeting Type: Annual
Record Date: APR 16, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1A Elect Director Michael J. Cooper For For Management
1B Elect Director James Eaton For For Management
1C Elect Director Joanne Ferstman For For Management
1D Elect Director Richard N. Gateman For For Management
1E Elect Director Jane Gavan For For Management
1F Elect Director Duncan Jackman For Withhold Management
1G Elect Director Jennifer Lee Koss For For Management
1H Elect Director Vincenza Sera For For Management
2 Approve PricewaterhouseCoopers LLP as For For Management
Auditors and Authorize Board to Fix
Their Remuneration
3 Amend Deferred Share Incentive Plan For Against Management
4 Approve Restricted Share Unit Plan For For Management
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DUNDEE CORPORATION
Ticker: DC.A Security ID: 264901109
Meeting Date: OCT 15, 2020 Meeting Type: Annual/Special
Record Date: AUG 31, 2020
# 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 Tanya Covassin For For Management
2.2 Elect Director Jonathan Goodman For For Management
2.3 Elect Director Isabel Meharry For For Management
2.4 Elect Director Andrew Molson For For Management
2.5 Elect Director Lila Murphy For For Management
2.6 Elect Director Peter M. Nixon For For Management
2.7 Elect Director Allen J. Palmiere For For Management
2.8 Elect Director Steven Sharpe For For Management
2.9 Elect Director A. Murray Sinclair For For Management
3 Approve Share Incentive Plan For Against Management
4 Approve Deferred Share Unit Plan For Against Management
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DUNDEE CORPORATION
Ticker: DC.A Security ID: 264901109
Meeting Date: JUN 24, 2021 Meeting Type: Annual
Record Date: MAY 12, 2021
# 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 Tanya Covassin For For Management
2.2 Elect Director Jonathan Goodman For For Management
2.3 Elect Director Isabel Meharry For For Management
2.4 Elect Director Andrew Molson For For Management
2.5 Elect Director Peter M. Nixon For For Management
2.6 Elect Director Allen J. Palmiere For For Management
2.7 Elect Director Steven Sharpe For For Management
2.8 Elect Director A. Murray Sinclair For For Management
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EBAY INC.
Ticker: EBAY Security ID: 278642103
Meeting Date: JUN 15, 2021 Meeting Type: Annual
Record Date: APR 19, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Anthony J. Bates For For Management
1b Elect Director Adriane M. Brown For For Management
1c Elect Director Diana Farrell For For Management
1d Elect Director Logan D. Green For For Management
1e Elect Director Bonnie S. Hammer For For Management
1f Elect Director E. Carol Hayles For For Management
1g Elect Director Jamie Iannone For For Management
1h Elect Director Kathleen C. Mitic For For Management
1i Elect Director Matthew J. Murphy For For Management
1j Elect Director Paul S. Pressler For For Management
1k Elect Director Mohak Shroff For For Management
1l Elect Director Robert H. Swan For For Management
1m Elect Director Perry M. Traquina 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 Improve Principles of Executive Against Against Shareholder
Compensation Program
5 Provide Right to Act by Written Consent Against For Shareholder
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GALAXY DIGITAL HOLDINGS LTD.
Ticker: GLXY Security ID: G37092106
Meeting Date: JUN 29, 2021 Meeting Type: Annual
Record Date: MAY 18, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Michael Novogratz For For Management
1b Elect Director Theagenis Iliadis For For Management
1c Elect Director Nereida Flannery For For Management
1d Elect Director Bill Koutsouras For For Management
1e Elect Director Dominic Docherty For For Management
2 Approve Davidson & Company LLP as For For Management
Auditors and Authorize Board to Fix
Their Remuneration
3 Approve Long-Term Incentive Plan For For Management
4 Approve Long-Term Incentive Plan Grants For For Management
5.1 For the Purpose of Determining the None Abstain Management
Aggregate Number of Votes that U.S.
holders are Entitled to Cast, the
Undersigned Certifies That It is Not a
U.S. Resident. Vote Vote FOR = Yes and
ABSTAIN = No. A Vote Against will be
treated as not voted.
5.2 The Undersigned Certifies That to the None Abstain Management
Extent That It Holds Shares of the
Company for the Account or Benefit of
Any Other Person, Such Person is Not a
U.S. Resident. Vote FOR = Yes and
ABSTAIN = No. A Vote Against will be
treated as not voted.
--------------------------------------------------------------------------------
GAMCO INVESTORS, INC.
Ticker: GBL Security ID: 361438104
Meeting Date: JUN 03, 2021 Meeting Type: Annual
Record Date: APR 15, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Edwin L. Artzt For For Management
1.2 Elect Director Raymond C. Avansino, Jr. For Withhold Management
1.3 Elect Director Leslie B. Daniels For For Management
1.4 Elect Director Mario J. Gabelli For Withhold Management
1.5 Elect Director Eugene R. McGrath For For Management
1.6 Elect Director Robert S. Prather, Jr. For Withhold Management
1.7 Elect Director Elisa M. Wilson For Withhold Management
2 Ratify Deloitte & Touche LLP as For For Management
Auditors
--------------------------------------------------------------------------------
GANNETT CO., INC.
Ticker: GCI Security ID: 36472T109
Meeting Date: FEB 26, 2021 Meeting Type: Special
Record Date: DEC 29, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Issuance of Shares of Common For For Management
Stock Upon Conversion of 6% Senior
Secured Convertible Notes due 2027
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GANNETT CO., INC.
Ticker: GCI Security ID: 36472T109
Meeting Date: JUN 07, 2021 Meeting Type: Annual
Record Date: APR 15, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Vinayak R. Hegde For For Management
1.2 Elect Director Theodore P. Janulis For For Management
1.3 Elect Director John Jeffry Louis, III For For Management
1.4 Elect Director Maria Miller For For Management
1.5 Elect Director Michael E. Reed For For Management
1.6 Elect Director Debra Sandler For For Management
1.7 Elect Director Kevin M. Sheehan For For Management
1.8 Elect Director Laurence Tarica For For Management
1.9 Elect Director Barbara Wall 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
4 Advisory Vote on Say on Pay Frequency One Year One Year Management
5 Adopt Majority Voting for Uncontested For For Management
Election of Directors
6a Eliminate Supermajority Vote For For Management
Requirement to Amend Certificate of
Incorporation
6b Eliminate Supermajority Vote For For Management
Requirement to Amend Bylaws
6c Eliminate Supermajority Vote For For Management
Requirement for Removal of Directors
and Appointment of Directors
7 Adopt NOL Rights Plan (NOL Pill) For For Management
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GRAHAM HOLDINGS COMPANY
Ticker: GHC Security ID: 384637104
Meeting Date: MAY 06, 2021 Meeting Type: Annual
Record Date: MAR 17, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Tony Allen For For Management
1.2 Elect Director Christopher C. Davis For For Management
1.3 Elect Director Anne M. Mulcahy For Withhold Management
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LIBERTY BROADBAND CORPORATION
Ticker: LBRDK Security ID: 530307107
Meeting Date: DEC 15, 2020 Meeting Type: Special
Record Date: OCT 20, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Issue Shares in Connection with Merger For For Management
3 Adjourn Meeting For For Management
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LIBERTY BROADBAND CORPORATION
Ticker: LBRDK Security ID: 530307107
Meeting Date: MAY 26, 2021 Meeting Type: Annual
Record Date: MAR 31, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Julie D. Frist For Withhold Management
1.2 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
4 Advisory Vote on Say on Pay Frequency Three One Year Management
Years
5 Require a Majority Vote for the Against For Shareholder
Election of Directors
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LIBERTY MEDIA CORPORATION
Ticker: FWONA Security ID: 531229870
Meeting Date: MAY 25, 2021 Meeting Type: Annual
Record Date: MAR 31, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Brian M. Deevy For Withhold 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 Against Management
Executive Officers' Compensation
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MASCO CORPORATION
Ticker: MAS Security ID: 574599106
Meeting Date: MAY 12, 2021 Meeting Type: Annual
Record Date: MAR 15, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Mark R. Alexander For For Management
1b Elect Director Marie A. Ffolkes 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
--------------------------------------------------------------------------------
PAYPAL HOLDINGS, INC.
Ticker: PYPL Security ID: 70450Y103
Meeting Date: MAY 26, 2021 Meeting Type: Annual
Record Date: MAR 30, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Rodney C. Adkins For For Management
1b Elect Director Jonathan Christodoro For For Management
1c Elect Director John J. Donahoe For For Management
1d Elect Director David W. Dorman For For Management
1e Elect Director Belinda J. Johnson For For Management
1f Elect Director Gail J. McGovern For For Management
1g Elect Director Deborah M. Messemer 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 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
4 Provide Right to Act by Written Consent Against For Shareholder
5 Report on Whether Written Policies or Against Against Shareholder
Unwritten Norms Reinforce Racism in
Company Culture
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PRAIRIESKY ROYALTY LTD.
Ticker: PSK Security ID: 739721108
Meeting Date: APR 20, 2021 Meeting Type: Annual
Record Date: MAR 03, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director James M. Estey For For Management
1b Elect Director P. Jane Gavan For For Management
1c Elect Director Margaret A. McKenzie For For Management
1d Elect Director Andrew M. Phillips For For Management
1e Elect Director Robert E. Robotti For For Management
1f Elect Director Myron M. Stadnyk For For Management
1g Elect Director Sheldon B. Steeves For For Management
1h Elect Director Grant A. Zawalsky For For Management
2 Approve KPMG LLP as Auditors and For For Management
Authorize Board to Fix Their
Remuneration
3 Advisory Vote on Executive For For Management
Compensation Approach
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PRESTIGE CONSUMER HEALTHCARE INC.
Ticker: PBH Security ID: 74112D101
Meeting Date: AUG 04, 2020 Meeting Type: Annual
Record Date: JUN 12, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Ronald M. Lombardi For For Management
1.2 Elect Director John E. Byom For For Management
1.3 Elect Director Gary E. Costley For For Management
1.4 Elect Director Christopher J. Coughlin For For Management
1.5 Elect Director Sheila A. Hopkins For For Management
1.6 Elect Director James M. Jenness For For Management
1.7 Elect Director Natale S. Ricciardi For For Management
1.8 Elect Director Dawn M. Zier 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 Approve Omnibus Stock Plan For For Management
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RAFAEL HOLDINGS, INC.
Ticker: RFL Security ID: 75062E106
Meeting Date: JAN 13, 2021 Meeting Type: Annual
Record Date: NOV 19, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Stephen Greenberg For Against Management
1.2 Elect Director Howard S. Jonas For Against Management
1.3 Elect Director Rachel Jonas For For Management
1.4 Elect Director Boris C. Pasche For Against Management
1.5 Elect Director Michael J. Weiss For Against Management
2 Ratify CohnReznick LLP as Auditors For For Management
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RAYONIER ADVANCED MATERIALS INC.
Ticker: RYAM Security ID: 75508B104
Meeting Date: MAY 17, 2021 Meeting Type: Annual
Record Date: MAR 19, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Charles E. Adair For For Management
1b Elect Director Julie A. Dill For For Management
1c Elect Director James F. Kirsch For For Management
2 Advisory Vote on Say on Pay Frequency One Year One Year Management
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
4 Approve Omnibus Stock Plan For For Management
5 Ratify Grant Thornton LLP as Auditors For For Management
--------------------------------------------------------------------------------
THE E.W. SCRIPPS COMPANY
Ticker: SSP Security ID: 811054402
Meeting Date: MAY 03, 2021 Meeting Type: Annual
Record Date: MAR 08, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Lauren Rich Fine For For Management
1b Elect Director Wonya Y. Lucas For For Management
1c Elect Director Kim Williams For For Management
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THE HOWARD HUGHES CORPORATION
Ticker: HHC Security ID: 44267D107
Meeting Date: MAY 27, 2021 Meeting Type: Annual
Record Date: APR 01, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director William A. Ackman For For Management
1b Elect Director Adam Flatto For For Management
1c Elect Director Jeffrey Furber For For Management
1d Elect Director Beth Kaplan For For Management
1e Elect Director Allen Model For For Management
1f Elect Director David O'Reilly For For Management
1g Elect Director R. Scot Sellers For For Management
1h Elect Director Steven Shepsman For For Management
1i Elect Director Mary Ann Tighe For For Management
1j Elect Director Anthony Williams 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
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THE MANITOWOC COMPANY, INC.
Ticker: MTW Security ID: 563571405
Meeting Date: MAY 04, 2021 Meeting Type: Annual
Record Date: MAR 03, 2021
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Anne E. Belec For For Management
1.2 Elect Director Robert G. Bohn For For Management
1.3 Elect Director Donald M. Condon, Jr. For For Management
1.4 Elect Director Anne M. Cooney For For Management
1.5 Elect Director Kenneth W. Krueger For For Management
1.6 Elect Director C. David Myers For For Management
1.7 Elect Director John C. Pfeifer For For Management
1.8 Elect Director Aaron H. Ravenscroft For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
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VISTA OUTDOOR INC.
Ticker: VSTO Security ID: 928377100
Meeting Date: AUG 04, 2020 Meeting Type: Annual
Record Date: JUN 11, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Tig H. Krekel For For Management
1b Elect Director Gary L. McArthur For For Management
1c Elect Director Mark A. Gottfredson For For Management
1d Elect Director Christopher T. Metz For For Management
1e Elect Director Michael D. Robinson For For Management
1f Elect Director Frances P. Philip For For Management
1g Elect Director Lynn M. Utter For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Deloitte & Touche LLP as For For Management
Auditors
4 Approve Omnibus Stock Plan For For Management
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WELBILT, INC.
Ticker: WBT Security ID: 949090104
Meeting Date: APR 23, 2021 Meeting Type: Annual
Record Date: FEB 26, 2021
# 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 Janice L. Fields For For Management
1e Elect Director Brian R. Gamache For For Management
1f Elect Director Andrew Langham For For Management
1g Elect Director William C. Johnson For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Grant Thornton LLP as Auditors For For Management
4 Amend Omnibus Stock Plan For For Management
========== 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.
Kinetics Mutual Funds, Inc.
By (Signature and Title) /s/ Peter B. Doyle
Peter B. Doyle
President
Date: August 9, 2021