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 811-09923
Kinetics Mutual Funds, Inc.
[Exact Name of Registration]
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: 1-646-495-7333
Date of fiscal year end: 12/31
Date of reporting period July 1, 2022 to June 30, 2023
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******************************* FORM N-PX REPORT *******************************
ICA File Number: 811-09303
Reporting Period: 07/01/2022 - 06/30/2023
Kinetics Mutual Funds, Inc.
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 7, 2023 by Kinetics Portfolios Trust, CIK # 0001113229.
Please see below for the voting.
=============== Kinetics Spin-Off & Corporate Restructuring Fund ===============
ASSOCIATED CAPITAL GROUP, INC.
Ticker: AC Security ID: 045528106
Meeting Date: JUN 02, 2023 Meeting Type: Annual
Record Date: APR 14, 2023
# 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 Daniel R. Lee For For Management
1.4 Elect Director Bruce M. Lisman For For Management
1.5 Elect Director Frederic V. Salerno For For Management
1.6 Elect Director Salvatore F. Sodano For For Management
1.7 Elect Director Elisa M. Wilson For For Management
1.8 Elect Director Douglas R. Jamieson For For Management
1.9 Elect Director Richard T. Prins 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 27, 2022 Meeting Type: Annual
Record Date: JUN 01, 2022
# 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 Ramona L. Rogers-Windsor 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 Approve Non-Employee Director For For Management
Restricted Stock Plan
4 Ratify RSM US LLP as Auditors For For Management
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CF ACQUISITION CORP. VI
Ticker: CFVI Security ID: 12521J103
Meeting Date: SEP 15, 2022 Meeting Type: Special
Record Date: JUL 25, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve SPAC Transaction For For Management
2.1 Elect Director Nancy Armstrong For For Management
2.2 Elect Director Robert Arsov For For Management
2.3 Elect Director Paul Cappuccio For For Management
2.4 Elect Director Ethan Fallang For For Management
2.5 Elect Director Ryan Milnes For For Management
2.6 Elect Director Christopher Pavlovski For For Management
3.1 Approve Issuance of Shares of Common For For Management
Stock Pursuant to the Business
Combination Agreement
3.2 Approve Issuance of Shares of Common For For Management
Stock Pursuant to the PIPE Investment
4 Approve Omnibus Stock Plan For Against Management
5.1 Change Company Name to Rumble Inc. For For Management
5.2 Eliminate Class of Common Stock For For Management
5.3 Authorize New Classes of Common Stock For Against Management
5.4 Increase Authorized Preferred and For Against Management
Common Stock
5.5 Amend Voting Rights of Common Stock For Against Management
5.6 Amend Charter Re: Issuance of Class C For For Management
Common Stock
5.7 Amend Charter Re: Distributions and For For Management
Dividends
5.8 Amend Charter Re: Mandatory Redemptions For For Management
5.9 Approve Securities Transfer For For Management
Restrictions
5.10 Provide Right to Act by Written Consent For Against Management
5.11 Eliminate Certain Business Combination For For Management
Restrictions
5.12 Approve All Other Changes to the For For Management
Charter
6 Adjourn Meeting For For Management
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CIVEO CORPORATION
Ticker: CVEO Security ID: 17878Y207
Meeting Date: MAY 17, 2023 Meeting Type: Annual
Record Date: MAR 20, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Bradley J. Dodson For For Management
1b Elect Director Jay K. Grewal For For Management
1c Elect Director Timothy O. Wall For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Amend Omnibus Stock Plan For For Management
4 Approve Ernst & Young LLP as Auditors For For Management
and Authorize Board to Fix Their
Remuneration
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CRIMSON WINE GROUP, LTD.
Ticker: CWGL Security ID: 22662X100
Meeting Date: JUL 22, 2022 Meeting Type: Annual
Record Date: MAY 23, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director John D. Cumming For For Management
1.2 Elect Director Annette D. For For Management
Alvarez-Peters
1.3 Elect Director Douglas M. Carlson For For Management
1.4 Elect Director Avraham M. Neikrug For For Management
1.5 Elect Director Colby A. Rollins For For Management
1.6 Elect Director Joseph S. Steinberg For For Management
1.7 Elect Director Luanne D. Tierney For For Management
2 Ratify BPM LLP as Auditors For For Management
3 Approve Omnibus Stock Plan For For Management
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CSW INDUSTRIALS, INC.
Ticker: CSWI Security ID: 126402106
Meeting Date: AUG 25, 2022 Meeting Type: Annual
Record Date: JUL 08, 2022
# 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 Bobby Griffin For For Management
1.4 Elect Director Terry L. Johnston For For Management
1.5 Elect Director Linda A. Livingstone For For Management
1.6 Elect Director Anne B. Motsenbocker For For Management
1.7 Elect Director Robert M. Swartz For For Management
1.8 Elect Director J. Kent Sweezey For For Management
2 Advisory Vote to Ratify Named For Against Management
Executive Officers' Compensation
3 Advisory Vote on Say on Pay Frequency One Year One Year Management
4 Ratify Grant Thornton LLP as Auditors For For Management
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DREAM UNLIMITED CORP.
Ticker: DRM Security ID: 26153M507
Meeting Date: JUN 06, 2023 Meeting Type: Annual
Record Date: APR 14, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Michael 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 Gateman For For Management
1.5 Elect Director P. Jane Gavan For For Management
1.6 Elect Director Duncan Jackman For Withhold 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 Board to Fix
Their Remuneration
3 Amend Performance Share Unit Plan For For Management
4 Amend Restricted Share Unit Plan For Against Management
5 Amend Deferred Share Incentive Plan For Against Management
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GALAXY DIGITAL HOLDINGS LTD.
Ticker: GLXY Security ID: G37092106
Meeting Date: JUN 28, 2023 Meeting Type: Annual
Record Date: MAY 19, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Michael Novogratz For For Management
1b Elect Director Bill Koutsouras For For Management
1c Elect Director Dominic Docherty For For Management
1d Elect Director Michael Daffey For For Management
1e Elect Director Jane Dietze For Withhold Management
1f Elect Director Damien Vanderwilt For For Management
1g Elect Director Richard Tavoso For For Management
2 Approve KPMG LLP as Auditors and For For Management
Authorize Board to Fix Their
Remuneration
3a For the Purpose of Determining the None Against 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 FOR = Yes and
AGAINST = No.
3b The Undersigned Certifies That to the None Against 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
AGAINST = No.
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GRAHAM HOLDINGS COMPANY
Ticker: GHC Security ID: 384637104
Meeting Date: MAY 04, 2023 Meeting Type: Annual
Record Date: MAR 15, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Tony Allen For Withhold Management
1.2 Elect Director Danielle Conley For For Management
1.3 Elect Director Christopher C. Davis For Withhold Management
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LIBERTY MEDIA CORP.
Ticker: FWONK Security ID: 531229870
Meeting Date: JUN 06, 2023 Meeting Type: Annual
Record Date: APR 10, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Derek Chang For Withhold Management
1.2 Elect Director Evan D. Malone For For Management
1.3 Elect Director Larry E. Romrell For Withhold Management
2 Ratify KPMG LLP as Auditors For For Management
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MASCO CORPORATION
Ticker: MAS Security ID: 574599106
Meeting Date: MAY 11, 2023 Meeting Type: Annual
Record Date: MAR 17, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Keith J. Allman For For Management
1b Elect Director Aine L. Denari For For Management
1c Elect Director Christopher A. O'Herlihy For For Management
1d Elect Director Charles K. Stevens, III For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Advisory Vote on Say on Pay Frequency One Year One Year Management
4 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
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PRAIRIESKY ROYALTY LTD.
Ticker: PSK Security ID: 739721108
Meeting Date: APR 18, 2023 Meeting Type: Annual
Record Date: FEB 27, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director James M. Estey For For Management
1b Elect Director Leanne M. Bellegarde For For Management
1c Elect Director Anuroop S. Duggal For For Management
1d Elect Director P. Jane Gavan For Withhold Management
1e Elect Director Margaret A. McKenzie For For Management
1f Elect Director Andrew M. Phillips 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 02, 2022 Meeting Type: Annual
Record Date: JUN 10, 2022
# 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 Celeste A. Clark 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 Natale S. Ricciardi For For Management
1.7 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
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RAFAEL HOLDINGS, INC.
Ticker: RFL Security ID: 75062E106
Meeting Date: JAN 23, 2023 Meeting Type: Annual
Record Date: NOV 25, 2022
# 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 Against Management
1.4 Elect Director Mark McCamish For Against Management
1.5 Elect Director Boris C. Pasche For Against Management
1.6 Elect Director Michael J. Weiss For Against Management
2 Ratify CohnReznick LLP as Auditors For For Management
3 Amend Omnibus Stock Plan For Against Management
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RAYONIER ADVANCED MATERIALS INC.
Ticker: RYAM Security ID: 75508B104
Meeting Date: MAY 17, 2023 Meeting Type: Annual
Record Date: MAR 20, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director De Lyle W. Bloomquist For For Management
1b Elect Director Charles R. Eggert For For Management
1c Elect Director David C. Mariano For For Management
2 Declassify the Board of Directors For For Management
3 Eliminate Supermajority Vote For For Management
Requirement
4 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
5 Approve Omnibus Stock Plan For For Management
6 Ratify Grant Thornton LLP as Auditors For For Management
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RUMBLE, INC.
Ticker: RUM Security ID: 78137L105
Meeting Date: JUN 16, 2023 Meeting Type: Annual
Record Date: APR 21, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Christopher Pavlovski For Withhold Management
1.2 Elect Director Paul Cappuccio For For Management
1.3 Elect Director Ryan Milnes For For Management
1.4 Elect Director Robert Arsov For Withhold Management
1.5 Elect Director Nancy Armstrong For For Management
1.6 Elect Director Ethan Fallang For Withhold Management
2 Ratify MNP LLP as Auditors For For Management
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TEJON RANCH CO.
Ticker: TRC Security ID: 879080109
Meeting Date: MAY 09, 2023 Meeting Type: Annual
Record Date: MAR 13, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Steven A. Betts For For Management
1.2 Elect Director Gregory S. Bielli For For Management
1.3 Elect Director Anthony L. Leggio For For Management
1.4 Elect Director Norman J. Metcalfe For For Management
1.5 Elect Director Rhea Frawn Morgan For For Management
1.6 Elect Director Geoffrey L. Stack For For Management
1.7 Elect Director Daniel R. Tisch For For Management
1.8 Elect Director Michael H. Winer 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
4 Advisory Vote on Say on Pay Frequency One Year One Year Management
5 Approve Omnibus Stock Plan For For Management
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TEXAS PACIFIC LAND CORP.
Ticker: TPL Security ID: 88262P102
Meeting Date: MAY 18, 2023 Meeting Type: Annual
Record Date: SEP 22, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Rhys J. Best For For Management
1b Elect Director Donald G. Cook For For Management
1c Elect Director Donna E. Epps For For Management
1d Elect Director Eric L. Oliver For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Declassify the Board of Directors For For Management
4 Increase Authorized Common Stock For Against Management
5 Ratify Deloitte & Touche LLP as For For Management
Auditors
6 Provide Right to Call a Special Against Against Shareholder
Meeting at a 10 Percent Ownership
Threshold
7 Employ Advisors In Connection with Against Against Shareholder
Evaluation of Potential Spinoff
8 Release All Remaining Obligations of Against Against Shareholder
the Stockholders' Agreement
9 Provide Right to Act by Written Consent Against Against Shareholder
10 Require a Majority Vote Standard for Against Against Shareholder
the Election of Directors with
Mandatory Resignation Policy
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THE E.W. SCRIPPS COMPANY
Ticker: SSP Security ID: 811054402
Meeting Date: MAY 01, 2023 Meeting Type: Annual
Record Date: MAR 07, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Lauren Rich Fine For For Management
1b Elect Director Burton F. Jablin For For Management
1c Elect Director Kim Williams For Withhold Management
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THE HOWARD HUGHES CORPORATION
Ticker: HHC Security ID: 44267D107
Meeting Date: MAY 25, 2023 Meeting Type: Annual
Record Date: MAR 29, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director William A. Ackman For For Management
1b Elect Director David Eun For For Management
1c Elect Director Adam Flatto 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 Advisory Vote on Say on Pay Frequency One Year One Year Management
4 Ratify KPMG LLP as Auditors For For Management
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THE MANITOWOC COMPANY, INC.
Ticker: MTW Security ID: 563571405
Meeting Date: MAY 02, 2023 Meeting Type: Annual
Record Date: MAR 01, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Anne E. Belec For For Management
1.2 Elect Director Robert G. Bohn For Withhold Management
1.3 Elect Director Anne M. Cooney For For Management
1.4 Elect Director Amy R. Davis For For Management
1.5 Elect Director Kenneth W. Krueger For For Management
1.6 Elect Director Robert W. Malone For For Management
1.7 Elect Director C. David Myers For For Management
1.8 Elect Director John C. Pfeifer For For Management
1.9 Elect Director Aaron H. Ravenscroft 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
4 Advisory Vote on Say on Pay Frequency One Year One Year Management
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URBANA CORPORATION
Ticker: URB.A Security ID: 91707P109
Meeting Date: JUN 14, 2023 Meeting Type: Annual
Record Date: APR 21, 2023
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Thomas S. Caldwell For Withhold Management
1.2 Elect Director Beth Colle For For Management
1.3 Elect Director George D. Elliott For Withhold Management
1.4 Elect Director Michael B. C. Gundy For Withhold Management
1.5 Elect Director Charles A. V. Pennock For Withhold Management
2 Approve Deloitte LLP as Auditors and For For Management
Authorize Board to Fix Their
Remuneration
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VISTA OUTDOOR INC.
Ticker: VSTO Security ID: 928377100
Meeting Date: JUL 26, 2022 Meeting Type: Annual
Record Date: JUN 02, 2022
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Michael Callahan For For Management
1b Elect Director Christopher T. Metz For For Management
1c Elect Director Gerard Gibbons For For Management
1d Elect Director Mark A. Gottfredson For For Management
1e Elect Director Bruce E. Grooms For For Management
1f Elect Director Tig H. Krekel For For Management
1g Elect Director Gary L. McArthur For For Management
1h Elect Director Frances P. Philip For For Management
1i Elect Director Michael D. Robinson For For Management
1j Elect Director Robert M. Tarola For For Management
1k 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
========== END NPX REPORT
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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)
By (Signature and Title) /s/ Jay Kesslen
Jay Kesslen, Vice President
on behalf of Peter B. Doyle, President
Date: July 27, 2023