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 number 811-06373
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Sit Small Cap Growth Fund, a series of Sit Mutual Funds, Inc.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Kelly K. Boston, Staff Attorney
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3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402
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(NAME AND ADDRESS OF AGENT FOR SERVICE)
Registrant's telephone number, including area code: 612-332-3223
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Date of fiscal year end: June 30, 2005
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Date of reporting period: July 1, 2004 - June 30, 2005
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PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Advance Auto Parts
Inc AAP 00751Y106 5/18/2005 1.1 Elect Director John C. Brouillard Mgmt For For
1.2 Elect Director Lawrence P. Castellani Mgmt For For
1.3 Elect Director Michael N. Coppola Mgmt For For
1.4 Elect Director Darren R. Jackson Mgmt For For
1.5 Elect Director William S. Oglesby Mgmt For For
1.6 Elect Director Gilbert T. Ray Mgmt For For
1.7 Elect Director Carlos A. Saladrigas Mgmt For For
1.8 Elect Director William L. Salter Mgmt For For
1.9 Elect Director Francesca Spinelli, Ph.D. Mgmt For For
1.1 Elect Director Nicholas F. Taubman Mgmt For For
2 Ratify Auditors Mgmt For For
3 Adopt Policy to Prohibit
Discrimination based on Sexual
Orientation ShrHoldr Against For
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Affiliated Managers
Group, Inc. AMG 8252108 6/1/2005 1.1 Elect Director Richard Floor Mgmt For Withhold
1.2 Elect Director Sean M. Healey Mgmt For Withhold
1.3 Elect Director Harold J. Meyerman Mgmt For For
1.4 Elect Director William J. Nutt Mgmt For Withhold
1.5 Elect Director Robert C. Puff, Jr. Mgmt For For
1.6 Elect Director Rita M. Rodriguez Mgmt For For
2 Amend Executive Incentive Bonus Plan Mgmt For For
3 Ratify Auditors Mgmt For For
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Alamosa Holdings,
Inc. APCS 11589108 2/15/2005 1 Issue Shares in Connection with an
Acquisition Mgmt For For
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Alamosa Holdings,
Inc. APCS 11589108 6/2/2005 1.1 Elect Director Kendall W. Cowan Mgmt For For
1.2 Elect Director Schuyler B. Marshall Mgmt For For
1.3 Elect Director Thomas F. Riley Mgmt For Withhold
1.4 Elect Director Jane E. Shivers Mgmt For For
2 Amend Qualified Employee Stock
Purchase Plan Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
4 Ratify Auditors Mgmt For For
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Altiris, Inc ATRS 02148M100 7/21/2004 1.1 Elect Director Michael J. Levinthal Mgmt For For
1.2 Elect Director Mark E. Sunday Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For Against
3 Ratify Auditors Mgmt For For
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-1-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Altiris, Inc. ATRS 02148M100 5/10/2005 1.1 Elect Director Jay C. Hoag Mgmt For For
1.2 Elect Director V. Eric Roach Mgmt For For
2 Ratify Auditors Mgmt For For
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AMETEK, Inc. AME 31100100 4/26/2005 1.1 Elect Director Sheldon S. Gordon Mgmt For For
1.2 Elect Director Frank S. Hermance Mgmt For For
1.3 Elect Director David P. Steinmann Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
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Amphenol Corp. APH 32095101 5/25/2005 1.1 Elect Director Ronald P. Badie Mgmt For For
1.2 Elect Director Dean H. Secord Mgmt For For
2 Ratify Auditors Mgmt For For
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Amylin
Pharmaceuticals,
Inc. AMLN 32346108 5/25/2005 1.1 Elect Director Vaughn D. Bryson Mgmt For For
1.2 Elect Director Joseph C. Cook, Jr. Mgmt For For
1.3 Elect Director Ginger L. Graham Mgmt For For
1.4 Elect Director Howard E. Greene, Jr. Mgmt For Withhold
1.5 Elect Director Terrance H. Gregg Mgmt For For
1.6 Elect Director Jay S. Skyler Mgmt For For
1.7 Elect Director Joseph P. Sullivan Mgmt For For
1.8 Elect Director Thomas R. Testman Mgmt For For
1.9 Elect Director James N. Wilson Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
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ATP Oil & Gas
Corp. ATPG 00208J108 6/8/2005 1.1 Elect Director Walter Wendlandt Mgmt For For
1.2 Elect Director Chris A. Brisack Mgmt For For
2 Ratify Auditors Mgmt For For
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Aztar Corp. AZR 54802103 5/12/2005 1.1 Elect Director John B. Bohle Mgmt For For
1.2 Elect Director John A. Spencer Mgmt For For
2 Ratify Auditors Mgmt For For
3 Declassify the Board of Directors ShrHoldr Against For
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Biosite Inc BSTE 90945106 6/17/2005 1.1 Elect Director Anthony Demaria, M.D. Mgmt For For
1.2 Elect Director Howard E. Greene, Jr. Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Increase Authorized Common Stock Mgmt For For
4 Ratify Auditors Mgmt For For
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-2-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Business Objects
S.A. 12328X107 6/14/2005 Meeting for Holders of ADRs
1 APPROVAL OF THE STATUTORY FINANCIAL
STATEMENTS FOR THE FISCAL YEAR ENDED
DECEMBER 31, 2004. Mgmt For For
2 APPROVAL OF THE CONSOLIDATED FINANCIAL
STATEMENTS FOR THE FISCAL YEAR ENDED
DECEMBER 31, 2004. Mgmt For For
3 ALLOCATION OF EARNINGS FOR THE FISCAL
YEAR ENDED DECEMBER 31, 2004. Mgmt For For
4 RENEWAL OF THE TERM OF OFFICE OF MR.
GERALD HELD AS DIRECTOR. Mgmt For For
5 RATIFICATION OF THE APPOINTMENT OF
MR. CARL PASCARELLA AS DIRECTOR. Mgmt For For
6 Ratify Auditors Mgmt For For
7 RATIFICATION OF REGULATED AGREEMENTS. Mgmt For For
8 INCREASE OF THE AGGREGATE AMOUNT OF
AUTHORIZED DIRECTORS FEES. Mgmt For For
9 AUTHORIZATION GRANTED TO THE BOARD OF
DIRECTORS TO REPURCHASE ORDINARY SHARES
OF THE COMPANY. Mgmt For For
10 TO REDUCE THE SHARE CAPITAL BY
CANCELLATION OF TREASURY SHARES. Mgmt For For
11 TO ISSUE WARRANTS TO SUBSCRIBE UP TO
A MAXIMUM OF 45,000 ORDINARY SHARES
RESERVED FOR MR. GERALD HELD. Mgmt For Against
-3-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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12 TO ISSUE WARRANTS TO SUSBCRIBE UP TO
A MAXIMUM OF 45,000 ORDINARY SHARES
RESERVED FOR MR. CARL PASCARELLA. Mgmt For Against
13 TO INCREASE THE SHARE CAPITAL THROUGH
THE ISSUANCE OF ORDINARY SHARES, WITH
SUBSCRIPTION RESERVED TO THE PARTICIPANTS
IN THE COMPANY EMPLOYEE SAVINGS PLAN. Mgmt For For
14 TO INCREASE THE SHARE CAPITAL TRHOUGH
THE ISSUANCE OF ORDINARY SHARES, WITH
SUBSCRIPTION RESERVED TO THE 2004
BUSINESS OBJECTS S.A. EMPLOYEE BENEFITS
TRUST UNDER THE 2004 INTERNATIONAL
EMPLOYEE STOCK PURCHASE PLAN. Mgmt For For
15 TO ALLOCATE, FREE OF CHARGE, EXISTING
ORDINARY SHARES, OR TO ISSUE NEW
ORDINARY SHARES, FREE OF CHARGE, TO THE
EMPLOYEES AND CERTAIN OFFICERS OF THE
COMPANY AND TO THE EMPLOYEES OF THE
COMPANY'S SUBSIDIARIES. Mgmt For Against
16 THE AMENDMENT OF THE ARTICLE 7.2 OF THE
COMPANY'S ARTICLES OF ASSOCIATION. Mgmt For Against
17 AMENDMENTS OF THE COMPANY'S ARTICLES OF
ASSOCIATION TO CONFORM THEM TO THE NEW
PROVISIONS OF THE FRENCH COMMERCIAL CODE. Mgmt For For
18 THE REMOVAL OF THE FIFTEENTH,
SEVENTEENTH AND TWENTY-FOURTH PARAGRAPHS
OF THE ARTICLE 6 OF THE COMPANY'S
ARTICLES OF ASSOCIATION. Mgmt For For
19 TO GRANT FULL POWERS OF ATTORNEY TO
CARRY OUT REGISTRATIONS AND FORMALITIES. Mgmt For For
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C.H. Robinson
Worldwide, Inc. CHRW 12541W100 5/19/2005 1.1 Elect Director Robert Ezrilov Mgmt For For
1.2 Elect Director Wayne M. Fortun Mgmt For For
1.3 Elect Director Brian P. Short Mgmt For For
2 Ratify Auditors Mgmt For For
3 Approve Executive Incentive Bonus Plan Mgmt For For
4 Amend Omnibus Stock Plan Mgmt For For
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-4-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Cabelas, Inc CAB 126804301 5/11/2005 1.1 Elect Director Michael R. McCarthy Mgmt For For
1.2 Elect Director Reuben Mark Mgmt For For
2 Ratify Auditors Mgmt For For
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CACI International,
Inc. CAI 127190304 12/1/2004 1.1 Elect Director Herbert W. Anderson Mgmt For For
1.2 Elect Director Michael J. Bayer Mgmt For For
1.3 Elect Director Peter A. Derow Mgmt For For
1.4 Elect Director Richard L. Leatherwood Mgmt For For
1.5 Elect Director J. Phillip London Mgmt For For
1.6 Elect Director Barbara A. McNamara Mgmt For For
1.7 Elect Director Arthur L. Money Mgmt For For
1.8 Elect Director Warren R. Phillips Mgmt For For
1.9 Elect Director Charles P. Revoile Mgmt For Withhold
1.10 Elect Director John M. Toups Mgmt For For
1.11 Elect Director Larry D. Welch Mgmt For For
2 Ratify Auditors Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
4 Adjourn Meeting Mgmt For Against
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Carbo Ceramics Inc. CRR 140781105 4/19/2005 1.1 Elect Director Claude E. Cooke, Jr. Mgmt For For
1.2 Elect Director Chad C. Deaton Mgmt For For
1.3 Elect Director H.E. Lentz, Jr. Mgmt For For
1.4 Elect Director William C. Morris Mgmt For For
1.5 Elect Director John J. Murphy Mgmt For For
1.6 Elect Director C. Mark Pearson Mgmt For For
1.7 Elect Director Robert S. Rubin Mgmt For For
2 Ratify Auditors Mgmt For For
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Carrizo Oil & Gas,
Inc. CRZO 144577103 5/10/2005 1.1 Elect Director S.P. Johnson IV Mgmt For For
1.2 Elect Director Steven A. Webster Mgmt For Withhold
1.3 Elect Director Thomas L. Carter, Jr. Mgmt For For
1.4 Elect Director Paul B. Loyd, Jr. Mgmt For For
1.5 Elect Director F. Gardner Parker Mgmt For For
1.6 Elect Director Roger A. Ramsey Mgmt For For
1.7 Elect Director Frank A. Wojtek Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
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-5-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Celgene Corp. CELG 151020104 6/15/2005 1.1 Elect Director John W. Jackson Mgmt For For
1.2 Elect Director Sol J. Barer, Ph.D. Mgmt For For
1.3 Elect Director Robert J. Hugin Mgmt For For
1.4 Elect Director Jack L. Bowman Mgmt For For
1.5 Elect Director Frank T. Cary Mgmt For For
1.6 Elect Director Michael D. Casey Mgmt For For
1.7 Elect Director Arthur Hull Hayes,
Jr., M.D. Mgmt For For
1.8 Elect Director Gilla Kaplan, Ph.D. Mgmt For For
1.9 Elect Director Richard C.E. Morgan Mgmt For For
1.10 Elect Director Walter L. Robb, Ph.D. Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Amend Non-Employee Director Stock
Option Plan Mgmt For For
4 Ratify Auditors Mgmt For For
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Chicago Bridge &
Iron Co. CBI 167250109 5/13/2005 Meeting for Holders of ADRs
1 FIRST POSITION: JENNETT Mgmt For For
2 FIRST POSITION: BORDAGES Mgmt Against Against
3 SECOND POSITION: NEALE Mgmt For For
4 SECOND POSITION: LEVENTRY Mgmt Against Against
5 THIRD POSITION: WILLIAMS Mgmt For For
6 THIRD POSITION: BYERS Mgmt For Against
7 TO AUTHORIZE THE PREPARATION OF THE
ANNUAL ACCOUNTS AND THE ANNUAL REPORT
IN THE ENGLISH LANGUAGE. Mgmt For For
8 TO DISCHARGE THE MEMBERS OF THE
MANAGEMENT BOARD FROM LIABILITY. Mgmt For For
9 TO DISCHARGE THE MEMBERS OF THE
SUPERVISORY BOARD FROM LIABILITY. Mgmt For For
10 TO RESOLVE ON THE FINAL DIVIDEND FOR
THE YEAR ENDED DECEMBER 31, 2005. Mgmt For For
11 TO APPROVE THE MANAGEMENT BOARD
COMPENSATION POLICY. Mgmt For For
-6-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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12 TO DETERMINE THE COMPENSATION OF THE
SUPERVISORY DIRECTORS WHO ARE NOT
EMPLOYEES. Mgmt For For
13 TO APPROVE THE EXTENSION OF THE
AUTHORITY OF THE MANAGEMENT BOARD TO
REPURCHASE UP TO 10% OF THE ISSUED SHARE
CAPITAL. Mgmt For For
14 TO APPROVE THE EXTENSION OF THE
AUTHORITY OF THE SUPERVISORY BOARD TO
ISSUE AND/OR GRANT RIGHTS TO AQUIRE SHARES. Mgmt For For
15 TO AMEND OUR ARTICLES OF ASSOCIATION TO
INCREASE THE AMOUNT OF THE AUTHORIZED
SHARE CAPITAL. Mgmt For For
16 TO APPROVE AN AMENDMENT TO THE
CHICAGO BRIDGE & IRON 1999 LONG-TERM
INCENTIVE PLAN. Mgmt For For
17 TO APPROVE AN AMENDMENT TO THE CHICAGO
BRIDGE & IRON INCENTIVE COMPENSATION PLAN. Mgmt For For
18 TO APPOINT OUR INDEPENDENT PUBLIC
ACCOUNTANTS FOR THE YEAR ENDING
DECEMBER 31, 2005. Mgmt For For
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Chico CHS 168615102 6/21/2005 1.1 Elect Director Marvin J. Gralnick Mgmt For Withhold
1.2 Elect Director John W. Burden, III Mgmt For Withhold
1.3 Elect Director Stewart P. Mitchell Mgmt For For
1.4 Elect Director David F. Walker Mgmt For For
2 Ratify Auditors Mgmt For For
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ChipPAC, Inc. CHPC 169657103 8/4/2004 1 Approve Merger Agreement Mgmt For For
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Citrix Systems,
Inc. CTXS 177376100 5/5/2005 1.1 Elect Director Murray J. Demo Mgmt For For
1.2 Elect Director John W. White Mgmt For Withhold
2 Approve Omnibus Stock Plan Mgmt For For
3 Approve Qualified Employee Stock
Purchase Plan Mgmt For For
4 Ratify Auditors Mgmt For For
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-7-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Coach, Inc. COH 189754104 11/3/2004 1.1 Elect Director Joseph Ellis Mgmt For For
1.2 Elect Director Lew Frankfort Mgmt For For
1.3 Elect Director Sally Frame Kasaks Mgmt For For
1.4 Elect Director Gary Loveman Mgmt For For
1.5 Elect Director Irene Miller Mgmt For For
1.6 Elect Director Keith Monda Mgmt For For
1.7 Elect Director Michael Murphy Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For For
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Cognex Corp. CGNX 192422103 4/21/2005 1.1 Elect Director Robert J. Shillman Mgmt For Withhold
1.2 Elect Director Jerald Fishman Mgmt For For
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Coldwater Creek
Inc. CWTR 193068103 6/11/2005 1 Elect Director Curt Hecker Mgmt For For
2 Elect Director Georgia Shonk-Simmons Mgmt For Against
3 Amend Omnibus Stock Plan Mgmt For For
4 Approve Executive Incentive Bonus Plan Mgmt For For
5 Ratify Auditors Mgmt For For
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Comfort Systems
USA, Inc. FIX 199908104 5/19/2005 1.1 Elect Director William F. Murdy Mgmt For For
1.2 Elect Director Herman E. Bulls Mgmt For For
1.3 Elect Director Alfred J Glardinelli, Jr. Mgmt For For
1.4 Elect Director Steven S. Harter Mgmt For For
1.5 Elect Director Franklin Myers Mgmt For For
1.6 Elect Director James H. Schultz Mgmt For For
1.7 Elect Director Robert D. Wagner, Jr. Mgmt For For
2 Ratify Auditors Mgmt For For
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Connetics Corp. CNCT 208192104 4/22/2005 1.1 Elect Director Alexander E. Barkas, Ph.D. Mgmt For For
1.2 Elect Director Eugene A. Bauer, M.D. Mgmt For Withhold
1.3 Elect Director R. Andrew Eckert Mgmt For Withhold
1.4 Elect Director Denise M. Gilbert Ph.D. Mgmt For For
1.5 Elect Director John C. Kane Mgmt For For
1.6 Elect Director Thomas K. Kiley Mgmt For For
1.7 Elect Director Leon E. Panetta Mgmt For Withhold
1.8 Elect Director G. Kirk Raab Mgmt For For
1.9 Elect Director Thomas G. Wiggans Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For Against
3 Increase Authorized Common Stock Mgmt For For
4 Ratify Auditors Mgmt For For
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-8-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Core
Laboratories NV CLB N22717107 4/15/2005 Meeting For the Holders of ADRs
1.1 Elect Director David M. Demshur Mgmt For For
1.2 Elect Director Rene R. Joyce Mgmt For For
1.3 Elect Director Michael C. Kearney Mgmt For For
2 CONFIRMATION AND ADOPTION OF ANNUAL
ACCOUNTS AND DISCHARGE OF DIRECTORS. Mgmt For For
3 APPROVAL OF CANCELLATION OF OUR
REPURCHASED SHARES. Mgmt For For
4 APPROVAL OF EXTENSION OF AUTHORITY OF
MANAGEMENT BOARD TO REPURCHASE UP TO
10% OF THE ISSUED SHARE CAPITAL OF THE
COMPANY UNTIL OCTOBER 15, 2006. Mgmt For For
5 APPROVAL OF EXTENSION OF AUTHORITY OF
SUPERVISORY BOARD TO ISSUE SHARES
AND/OR TO GRANT RIGHTS (INCLUDING
OPTIONS TO PURCHASE) WITH RESPECT TO
OUR COMMON AND/OR PREFERENCE SHARES
UNTIL APRIL 15, 2010. Mgmt For For
6 APPROVAL OF EXTENSION OF AUTHORITY OF
SUPERVISORY BOARD TO LIMIT OR ELIMINATE
PREEMPTIVE RIGHTS OF HOLDERS OF COMMON
SHARES UNTIL APRIL 15, 2010. Mgmt For For
7 RATIFICATION OF APPOINTMENT OF
PRICEWATERHOUSECOOPERS LLP AS THE
COMPANY'S INDEPENDENT PUBLIC ACCOUNTANTS
FOR THE YEAR ENDED DECEMBER 31, 2005. Mgmt For For
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Corinthian
Colleges, Inc. COCO 218868107 11/18/2004 1.1 Elect Director David G. Moore Mgmt For For
1.2 Elect Director Jack D. Massimino Mgmt For For
1.3 Elect Director Hank Adler Mgmt For For
2 Ratify Auditors Mgmt For For
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-9-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
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Cost Plus, Inc. CPWM 221485105 7/1/2004 1.1 Elect Director Murray H. Dashe Mgmt For For
1.2 Elect Director Joseph H. Coulombe Mgmt For For
1.3 Elect Director Barry J. Feld Mgmt For For
1.4 Elect Director Danny W. Gurr Mgmt For For
1.5 Elect Director Kim D. Robbins Mgmt For For
1.6 Elect Director Fredric M. Roberts Mgmt For For
1.7 Elect Director Thomas D. Willardson Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For For
3 Amend Non-Employee Director Stock
Option Plan Mgmt For For
4 Ratify Auditors Mgmt For For
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Covance Inc. CVD 222816100 4/28/2005 1.1 Elect Director J. Randall Macdonald Mgmt For Withhold
1.2 Elect Director Kathleen G. Murray Mgmt For Withhold
1.3 Elect Director William C. Ughetta Mgmt For Withhold
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Cray Inc. CRAY 225223106 5/11/2005 1.1 Elect Director John B. Jones, Jr. Mgmt For For
1.2 Elect Director Kenneth W. Kennedy, Jr. Mgmt For For
1.3 Elect Director Stephen C. Kiely Mgmt For For
1.4 Elect Director Frank L. Lederman Mgmt For For
1.5 Elect Director Sally G. Narodick Mgmt For For
1.6 Elect Director Daniel C. Regis Mgmt For For
1.7 Elect Director Stephen C. Richards Mgmt For For
1.8 Elect Director James E. Rottsolk Mgmt For For
1.9 Elect Director Burton J. Smith Mgmt For For
2 Amend Qualified Employee Stock
Purchase Plan Mgmt For For
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Cryolife, Inc. CRY 228903100 6/2/2005 1.1 Elect Director Steven G. Anderson Mgmt For For
1.2 Elect Director Thomas F. Ackerman Mgmt For For
1.3 Elect Director Daniel J. Bevevino Mgmt For For
1.4 Elect Director John M. Cook Mgmt For For
1.5 Elect Director Ronald C. Elkins, M.D. Mgmt For For
1.6 Elect Director Virginia C. Lacy Mgmt For For
1.7 Elect Director Ronald D. McCall, Esq. Mgmt For For
1.8 Elect Director Bruce J. Van Dyne, M.D. Mgmt For For
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Cuno Inc. CUNO 126583103 3/3/2005 1.1 Elect Director C. Edward Midgley Mgmt For For
1.2 Elect Director Frederick C. Flynn, Jr. Mgmt For For
2 Amend Executive Incentive Bonus Plan Mgmt For For
3 Ratify Auditors Mgmt For For
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-10-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
Cymer, Inc. CYMI 232572107 5/19/2005 1.1 Elect Director Charles J. Abbe Mgmt For For
1.2 Elect Director Robert P. Akins Mgmt For For
1.3 Elect Director Edward H. Braun Mgmt For For
1.4 Elect Director Michael R. Gaulke Mgmt For For
1.5 Elect Director William G. Oldham Mgmt For For
1.6 Elect Director Peter J. Simone Mgmt For Withhold
1.7 Elect Director Young K. Sohn Mgmt For For
1.8 Elect Director Jon D. Tompkins Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
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Dionex Corp. DNEX 254546104 10/22/2004 1.1 Elect Director David L. Anderson Mgmt For For
1.2 Elect Director A. Blaine Bowman Mgmt For Withhold
1.3 Elect Director Lukas Braunschweiler Mgmt For Withhold
1.4 Elect Director B.J. Moore Mgmt For For
1.5 Elect Director Riccardo Pigliucci Mgmt For For
1.6 Elect Director Michael W. Pope Mgmt For Withhold
2 Approve Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
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Emulex Corp. ELX 292475209 11/18/2004 1.1 Elect Director Fred B. Cox Mgmt For For
1.2 Elect Director Michael P. Downey Mgmt For For
1.3 Elect Director Bruce C. Edwards Mgmt For Withhold
1.4 Elect Director Paul F. Folino Mgmt For For
1.5 Elect Director Robert H. Goon Mgmt For For
1.6 Elect Director Don M. Lyle Mgmt For Withhold
2 Approve Option Exchange Program Mgmt For Against
3 Approve Omnibus Stock Plan Mgmt For For
4 Amend Non-Employee Director Stock
Option Plan Mgmt For For
5 Amend Employee Stock Purchase Plan Mgmt For For
6 Ratify Auditors Mgmt For For
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Encore Medical
Corp. ENMC 29256E109 5/18/2005 1.1 Elect Director Kenneth W. Davidson Mgmt For For
1.2 Elect Director Karen R. Osar Mgmt For For
1.3 Elect Director Bruce F. Wesson Mgmt For For
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Equitable
Resources, Inc. EQT 294549100 4/13/2005 1 Elect Director Vicky A. Bailey Mgmt For For
2.1 Elect Director Phyllis A Domm, Ed.D Mgmt For For
2.2 Elect Director David L. Porges Mgmt For For
2.3 Elect Director James E. Rohr Mgmt For For
2.4 Elect Director David S. Shapira Mgmt For For
3 Ratify Auditors Mgmt For For
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-11-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
FMC Technologies,
Inc. FTI 30249U101 4/28/2005 1.1 Elect Director Thomas M. Hamilton Mgmt For For
1.2 Elect Director Richard A. Pattarozzi Mgmt For For
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Foundation Coal
Hldgs Inc FCL 35039W100 5/19/2005 1.1 Elect Director William E. Macaulay Mgmt For For
1.2 Elect Director Prakash A. Melwani Mgmt For For
1.3 Elect Director Hans J. Mende Mgmt For For
1.4 Elect Director David I. Foley Mgmt For For
1.5 Elect Director Alex T. Krueger Mgmt For For
1.6 Elect Director Joshua H. Astrof Mgmt For For
1.7 Elect Director William J. Crowley, Jr. Mgmt For For
1.8 Elect Director Joel Richards, III Mgmt For For
1.9 Elect Director James F. Roberts Mgmt For For
2 Ratify Auditors Mgmt For For
3 Other Business Mgmt For Against
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Foundry Networks,
Inc. FDRY 35063R100 6/28/2005 1.1 Elect Director Bobby R. Johnson, Jr. Mgmt For For
1.2 Elect Director Andrew K. Ludwick Mgmt For For
1.3 Elect Director Alfred J. Amoroso Mgmt For For
1.4 Elect Director C. Nicholas Keating, Jr. Mgmt For For
1.5 Elect Director J. Steven Young Mgmt For For
1.6 Elect Director Alan L. Earhart Mgmt For For
2 Ratify Auditors Mgmt For For
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Frontier Oil Corp. FTO 35914P105 4/14/2005 1.1 Elect Director James R. Gibbs Mgmt For For
1.2 Elect Director Douglas Y. Bech Mgmt For For
1.3 Elect Director G. Clyde Buck Mgmt For For
1.4 Elect Director T. Michael Dossey Mgmt For For
1.5 Elect Director James H. Lee Mgmt For For
1.6 Elect Director Paul B. Loyd, Jr. Mgmt For For
1.7 Elect Director Carl W. Schafer Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Frontier Oil Corp. FTO 35914P105 5/23/2005 1 Increase Authorized Common Stock Mgmt For For
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-12-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
GASCO ENERGY
INC GSX 367220100 6/9/2005 1.1 Elect Director Marc A. Bruner Mgmt For Withhold
1.2 Elect Director Charles B. Crowell Mgmt For For
1.3 Elect Director Mark A. Erickson Mgmt For Withhold
1.4 Elect Director Richard J. Burgess Mgmt For For
1.5 Elect Director Carmen J. (Tony) Lotito Mgmt For For
1.6 Elect Director Carl Stadelhofer Mgmt For For
1.7 Elect Director John A. Schmit Mgmt For For
2 Ratify Auditors Mgmt For For
3 Increase Authorized Common Stock Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Getty Images, Inc. GYI 374276103 5/3/2005 1.1 Elect Director Christopher H. Sporborg Mgmt For For
1.2 Elect Director Mark H. Getty Mgmt For For
2 Ratify Auditors Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Guitar Center, Inc. GTRC 402040109 5/5/2005 1.1 Elect Director Marty Albertson Mgmt For For
1.2 Elect Director George Jones Mgmt For For
1.3 Elect Director Larry Livingston Mgmt For For
1.4 Elect Director George Mrkonic Mgmt For For
1.5 Elect Director Kenneth Reiss Mgmt For For
1.6 Elect Director Walter Rossi Mgmt For For
1.7 Elect Director Peter Starrett Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
4 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
IDEX Corp. IEX 45167R104 3/22/2005 1.1 Elect Director Bradley J. Bell Mgmt For For
1.2 Elect Director Gregory B. Kenny Mgmt For For
1.3 Elect Director Lawrence D. Kingsley Mgmt For For
2 Increase Authorized Common Stock Mgmt For For
3 Approve Omnibus Stock Plan Mgmt For Against
4 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Informatica
Corporation INFA 45666Q102 5/26/2005 1.1 Elect Director A. Brooke Seawell Mgmt For For
1.2 Elect Director Mark A. Bertelsen Mgmt For Withhold
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
InfoSpace Inc. INSP 45678T201 5/9/2005 1.1 Elect Director George M. Tronsrue, III Mgmt For For
1.2 Elect Director Vanessa A. Wittman Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-13-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
Intersil
Corporation ISIL 46069S109 5/11/2005 1.1 Elect Director Richard M. Beyer Mgmt For For
1.2 Elect Director Dr. Robert W. Conn Mgmt For For
1.3 Elect Director James V. Diller Mgmt For For
1.4 Elect Director Gary E. Gist Mgmt For For
1.5 Elect Director Jan Peeters Mgmt For For
1.6 Elect Director Robert N. Pokelwaldt Mgmt For For
1.7 Elect Director James A. Urry Mgmt For For
2 Ratify Auditors Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
4 Amend Articles of Incorporation Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Invitrogen Corp. IVGN 46185R100 4/20/2005 1.1 Elect Director Balakrishnan S. Iyer Mgmt For For
1.2 Elect Director Ronald A. Matricaria Mgmt For For
1.3 Elect Director W. Ann Reynolds, Ph.D. Mgmt For For
1.4 Elect Director Jay M. Short, Ph.D. Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Joy Global, Inc. JOYG 481165108 2/22/2005 1.1 Elect Director Steven L. Gerard Mgmt For Withhold
1.2 Elect Director John Nils Hanson Mgmt For For
1.3 Elect Director Ken C. Johnsen Mgmt For For
1.4 Elect Director James R. Klauser Mgmt For For
1.5 Elect Director Richard B. Loynd Mgmt For For
1.6 Elect Director P. Eric Siegert Mgmt For For
1.7 Elect Director James H. Tate Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Juniper Networks,
Inc. JNPR 48203R104 5/18/2005 1.1 Elect Director William R. Hearst III Mgmt For For
1.2 Elect Director Kenneth Goldman Mgmt For For
1.3 Elect Director Frank Marshall Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Kaydon Corp. KDN 486587108 5/6/2005 1.1 Elect Director David A. Brandon Mgmt For For
1.2 Elect Director Brian P. Campbell Mgmt For For
1.3 Elect Director James O'Leary Mgmt For For
1.4 Elect Director Thomas C. Sullivan Mgmt For For
1.5 Elect Director B. Joseph White Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-14-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
Kronos Inc. KRON 501052104 2/10/2005 1.1 Elect Director D. Bradley Mcwilliams Mgmt For For
1.2 Elect Director Lawrence J. Portner Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
KYPHON INC KYPH 501577100 6/16/2005 1.1 Elect Director James T. Treace Mgmt For For
1.2 Elect Director Elizabeth H. Weatherman Mgmt For For
1.3 Elect Director Louis J. Lavigne, Jr. Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Life Time
Fitness, Inc. LTM 53217R207 5/5/2005 1.1 Elect Director Bahram Akradi Mgmt For For
1.2 Elect Director Timothy C. DeVries Mgmt For For
1.3 Elect Director James F. Halpin Mgmt For For
1.4 Elect Director Guy C. Jackson Mgmt For For
1.5 Elect Director David A. Landau Mgmt For For
1.6 Elect Director Stephen R. Sefton Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Mercury
Interactive Corp. MERQ 589405109 5/19/2005 1.1 Elect Director Amnon Landan Mgmt For For
1.2 Elect Director Brad Boston Mgmt For For
1.3 Elect Director Igal Kohavi Mgmt For For
1.4 Elect Director Clyde Ostler Mgmt For For
1.5 Elect Director Yair Shamir Mgmt For For
1.6 Elect Director Giora Yaron Mgmt For For
1.7 Elect Director Anthony Zingale Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Michael Baker Corp. BKR 57149106 4/21/2005 1.1 Elect Director Robert N. Bontempo Mgmt For For
1.2 Elect Director Nicholas P. Constantakis Mgmt For For
1.3 Elect Director William J. Copeland Mgmt For For
1.4 Elect Director Donald P. Fusilli, Jr. Mgmt For For
1.5 Elect Director Roy V. Gavert, Jr. Mgmt For For
1.6 Elect Director Thomas D. Larson Mgmt For For
1.7 Elect Director John E. Murray, Jr. Mgmt For For
1.8 Elect Director Pamela S. Pierce Mgmt For For
1.9 Elect Director Richard L. Shaw Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-15-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
National Financial
Partners Corp. NFP 63607P208 5/10/2005 1.1 Elect Director Stephanie W. Abramson Mgmt For For
1.2 Elect Director Arthur S. Ainsberg Mgmt For For
1.3 Elect Director Marc E. Becker Mgmt For For
1.4 Elect Director Jessica M. Bibliowicz Mgmt For For
1.5 Elect Director John A. Elliott Mgmt For For
1.6 Elect Director Shari Loessberg Mgmt For For
1.7 Elect Director Marc J. Rowan Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Navigant
Consulting Inc. NCI 63935N107 5/4/2005 1.1 Elect Director William M. Goodyear Mgmt For For
1.2 Elect Director Valerie B. Jarrett Mgmt For For
2 Increase Authorized Common Stock Mgmt For For
3 Approve Omnibus Stock Plan Mgmt For For
4 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
New York
Community
Bancorp, Inc. NYB 649445103 6/1/2005 1.1 Elect Director Dominick Ciampa Mgmt For For
1.2 Elect Director William C. Frederick, M.D. Mgmt For For
1.3 Elect Director Max L. Kupferberg Mgmt For For
1.4 Elect Director Joseph L. Mancino Mgmt For For
1.5 Elect Director Spiros J. Voutsinas Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
NII Holdings, Inc. NIHD 62913F201 4/27/2005 1.1 Elect Director Neal P. Goldman Mgmt For For
1.2 Elect Director Charles M. Herington Mgmt For For
1.3 Elect Director John W. Risner Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Omnivision
Technologies, Inc. OVTI 682128103 9/28/2004 1.1 Elect Director Shaw Hong Mgmt For For
1.2 Elect Director Edward C.V. Winn Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Plantronics, Inc. PLT 727493108 7/21/2004 1.1 Elect Director Patti Hart Mgmt For For
1.2 Elect Director Ken Kannappan Mgmt For For
1.3 Elect Director Trude Taylor Mgmt For For
1.4 Elect Director Marv Tseu Mgmt For For
1.5 Elect Director David Wegmann Mgmt For For
1.6 Elect Director Roger Wery Mgmt For Withhold
2 Amend Omnibus Stock Plan Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
4 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-16-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
PLATINUM
UNDERWRITERS
HOLDINGS LTD PTP G7127P100 4/26/2005 Meeting for Holders of ADRs
1.1 Elect Director H. Furlong Baldwin Mgmt For For
1.2 Elect Director Jonathan F. Bank Mgmt For For
1.3 Elect Director Dan R. Carmichael Mgmt For For
1.4 Elect Director Neill A. Currie Mgmt For For
1.5 Elect Director Robert V. Deutsch Mgmt For For
1.6 Elect Director Gregory E.A. Morrison Mgmt For For
1.7 Elect Director Steven H. Newman Mgmt For For
1.8 Elect Director Peter T. Pruitt Mgmt For For
2 TO CONSIDER AND TAKE ACTION UPON A
PROPOSAL TO RATIFY THE SELECTION OF
KPMG LLP AS THE COMPANY'S INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM FOR
THE 2005 FISCAL YEAR. Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Polaris Industries,
Inc. PII 731068102 4/21/2005 1.1 Elect Director Robert L. Caulk Mgmt For For
1.2 Elect Director William E. Fruhan, Jr Mgmt For For
1.3 Elect Director R.M. (Mark) Schreck Mgmt For For
1.4 Elect Director John R. Menard, Jr. Mgmt For For
2 Approve Outside Director Stock
Awards/Options in Lieu of Cash Mgmt For For
3 Amend Restricted Stock Plan Mgmt For Against
4 Other Business Mgmt For Against
- -----------------------------------------------------------------------------------------------------------------------------------
Portfolio Recovery
Associates, Inc. PRAA 73640Q105 5/11/2005 1.1 Elect Director James Voss Mgmt For For
1.2 Elect Director Scott Tabakin Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Quicksilver
Resources Inc. KWK 74837R104 5/17/2005 1.1 Elect Director Thomas F. Darden Mgmt For For
1.2 Elect Director Mark J. Warner Mgmt For For
2 Ratify Auditors Mgmt For For
3 Amend Non-Employee Director Stock
Option Plan Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-17-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
Roper Industries,
Inc. ROP 776696106 6/6/2005 1.1 Elect Director Donald G. Calder Mgmt For For
1.2 Elect Director Derrick N. Key Mgmt For For
1.3 Elect Director Christopher Wright Mgmt For For
2 Increase Authorized Common Stock Mgmt For For
3 Other Business Mgmt For Against
- -----------------------------------------------------------------------------------------------------------------------------------
Sangamo
Biosciences, Inc SGMO 800677106 6/6/2005 1.1 Elect Director Edward O. Lanphier, II Mgmt For For
1.2 Elect Director William G. Gerber, M.D. Mgmt For For
1.3 Elect Director Jon E.M. Jacoby Mgmt For For
1.4 Elect Director John W. Larson Mgmt For Withhold
1.5 Elect Director Margaret A. Liu, M.D. Mgmt For For
1.6 Elect Director Steven J. Mento, Ph.D. Mgmt For For
1.7 Elect Director Michael C. Wood Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Scientific Games
Corporation SGMS 80874P109 9/28/2004 1.1 Elect Director A. Lorne Weil Mgmt For For
1.2 Elect Director Peter A. Cohen Mgmt For For
1.3 Elect Director Colin J. O'Brien Mgmt For For
1.4 Elect Director Ronald O. Perelman Mgmt For For
1.5 Elect Director Howard Gittis Mgmt For For
1.6 Elect Director Barry F. Schwartz Mgmt For For
1.7 Elect Director Eric M. Turner Mgmt For For
1.8 Elect Director Sir Brian G. Wolfson Mgmt For For
1.9 Elect Director Joseph R. Wright, Jr. Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Scientific Games
Corporation SGMS 80874P109 6/14/2005 1.1 Elect Director A. Lorne Weil Mgmt For For
1.2 Elect Director Peter A. Cohen Mgmt For For
1.3 Elect Director Colin J. O'Brien Mgmt For For
1.4 Elect Director Ronald O. Perelman Mgmt For For
1.5 Elect Director Howard Gittis Mgmt For Withhold
1.6 Elect Director Barry F. Schwartz Mgmt For For
1.7 Elect Director Eric M. Turner Mgmt For For
1.8 Elect Director Sir Brian G. Wolfson Mgmt For For
1.9 Elect Director Joseph R. Wright, Jr. Mgmt For For
2 Ratify Auditors Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-18-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
Silicon
Laboratories, Inc. SLAB 826919102 4/21/2005 1.1 Elect Director Navdeep S. Sooch Mgmt For For
1.2 Elect Director William P. Wood Mgmt For For
1.3 Elect Director Laurence G. Walker Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
SIT Money Market
Fund Inc. 82979F101 10/18/2004 1.1 Elect Director Eugene C. Sit Mgmt For For
1.2 Elect Director Sidney L. Jones Mgmt For For
1.3 Elect Director William E. Frenzel Mgmt For For
1.4 Elect Director John E. Hulse Mgmt For For
1.5 Elect Director Bruce C. Lueck Mgmt For For
1.6 Elect Director Donald W. Phillips Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
SKILLSOFT PLC
[formerly
Smartforce Plc
(frm.Cbt Group
Plc)] SKIL 830928107 8/27/2004 Meeting for Holders of ADRs
1 TO RECEIVE AND CONSIDER THE CONSOLIDATED
FINANCIAL STATEMENTS OF THE COMPANY FOR
THE FISCAL YEAR ENDED JANUARY 31, 2004
AND THE REPORT OF THE DIRECTORS AND
AUDITOR THEREON. Mgmt For For
2 TO RE-ELECT AS DIRECTOR MR. JAMES
KRZYWICKI WHO RETIRES BY ROTATION AND,
BEING ELIGIBLE, OFFERS HIMSELF FOR
RE-ELECTION. Mgmt For For
3 TO RE-ELECT AS DIRECTOR DR FERDINAND VON
PRONDZYNSKI WHO RETIRES BY ROTATION AND,
BEING ELIGIBLE, OFFERS HIMSELF FOR
RE-ELECTION. Mgmt For For
4 TO ELECT AS A DIRECTOR MR. WILLIAM F.
MEAGHER, JR., WHO WAS APPOINTED AS A
DIRECTOR IN MARCH 2004. Mgmt For For
5 TO AUTHORIZE THE AUDIT COMMITTEE OF THE
BOARD OF DIRECTORS TO FIX THE
REMUNERATION OF THE COMPANY'S AUDITOR
AND ACCOUNTANTS.
-19-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
6 THAT THE COMPANY'S 2004 EMPLOYEE SHARE
PURCHASE PLAN (THE "2004 ESPP") BE AND
IT IS HEREBY ADOPTED. Mgmt For For
7 THAT, SUBJECT TO COMPLIANCE WITH ALL
APPLICABLE LAWS, THE TERMS OF A SHARE
REPURCHASE AGREEMENT PROPOSED TO BE
ENTERED INTO BETWEEN THE COMPANY AND
CREDIT SUISSE FIRST BOSTON LLC BE
AND THE SAME HEREBY ARE APPROVED AND
AUTHORIZED. Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
SKILLSOFT PLC
[formerly
Smartforce Plc
(frm.Cbt Group
Plc)] SKIL 830928107 9/24/2004 Meeting for Holders of ADRs
1 TO APPROVE THE TERMS OF A SHARE PURCHASE
AGREEMENT TO BE ENTERED INTO AMONG
SKILLSOFT PUBLIC LIMITED COMPANY, CBT
(TECHNOLOGY) LIMITED, A SUBSIDIARY OF THE
COMPANY, CBT FINANCE LIMITED, A SUBSIDIARY
OF THE COMPANY, AND CREDIT SUISSE FIRST
BOSTON LLC. Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Sonus Networks,
Inc. SONS 835916107 12/9/2004 1.1 Elect Director Paul J. Ferri Mgmt For For
1.2 Elect Director Rubin Gruber Mgmt For For
1.3 Elect Director H. Brian Thompson Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Southwestern
Energy Co. SWN 845467109 5/11/2005 1.1 Elect Director Lewis E. Epley, Jr. Mgmt For For
1.2 Elect Director John Paul Hammerschmidt Mgmt For For
1.3 Elect Director Robert L. Howard Mgmt For For
1.4 Elect Director Harold M. Korell Mgmt For For
1.5 Elect Director Vello A. Kuuskraa Mgmt For For
1.6 Elect Director Kenneth R. Mourton Mgmt For For
1.7 Elect Director Charles E. Scharlau Mgmt For For
2 Ratify Auditors Mgmt For For
3 Increase Authorized Common Stock Mgmt For For
4 Approve Increase Bond Indebtedness Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-20-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
Spectrasite, Inc. SSI 84761M104 5/2/2005 1.1 Elect Director Stephen H. Clark Mgmt For For
1.2 Elect Director Timothy G. Biltz Mgmt For For
1.3 Elect Director Paul M. Albert, Jr. Mgmt For For
1.4 Elect Director John F. Chlebowski Mgmt For For
1.5 Elect Director Dean J. Douglas Mgmt For For
1.6 Elect Director Patricia L. Higgins Mgmt For For
1.7 Elect Director Samme L. Thompson Mgmt For For
1.8 Elect Director Kari-Pekka Wilska Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
SS&C
Technologies, Inc. SSNC 85227Q100 5/26/2005 1.1 Elect Director William C. Stone Mgmt For For
1.2 Elect Director W.C. (curt) Hunter Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Stericycle, Inc. SRCL 858912108 4/27/2005 1.1 Elect Director Jack W. Schuler Mgmt For Withhold
1.2 Elect Director Mark C. Miller Mgmt For For
1.3 Elect Director Rod F. Dammeyer Mgmt For For
1.4 Elect Director Patrick F. Graham Mgmt For For
1.5 Elect Director Jonathan T. Lord, M.D. Mgmt For For
1.6 Elect Director John Patience Mgmt For For
1.7 Elect Director Thomas R. Reusche Mgmt For For
1.8 Elect Director Peter Vardy Mgmt For For
1.9 Elect Director L. John Wilkerson, Ph.D. Mgmt For For
2 Approve Stock Option Plan Mgmt For For
3 Ratify Auditors Mgmt For For
4 Report on Waste Incineration ShrHoldr Against Against
- -----------------------------------------------------------------------------------------------------------------------------------
Telik, Inc. TELK 87959M109 5/26/2005 1.1 Elect Director Edward W. Cantrall, Ph.D. Mgmt For For
1.2 Elect Director Steven R. Goldring, M.D. Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Trimble
Navigation Ltd. TRMB 896239100 5/19/2005 1.1 Elect Director Steven W. Berglund Mgmt For For
1.2 Elect Director Robert S. Cooper Mgmt For For
1.3 Elect Director John B. Goodrich Mgmt For Withhold
1.4 Elect Director William Hart Mgmt For For
1.5 Elect Director Ulf J. Johansson Mgmt For For
1.6 Elect Director Bradford W. Parkinson Mgmt For Withhold
1.7 Elect Director Nickolas W. Vande Steeg Mgmt For For
2 Amend Stock Option Plan Mgmt For For
3 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
-21-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
TSAKOS ENERGY
NAVIGATION
LTD.(formerly
MIF Limited) TNP G9108L108 5/25/2005 Meeting for Holders of ADRs
1.1 Elect Director Mr. T. Janholt Mgmt For For
1.2 Elect Director Mr. M. Jolliffe Mgmt For For
1.3 Elect Director Mr. A. Plakopitas Mgmt For For
2 APPROVAL OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2004,
TOGETHER WITH THE AUDITORS REPORT. Mgmt For For
3 Ratify Auditors Mgmt For For
4 INCREASE OF THE AUTHORIZED SHARE
CAPITAL OF THE COMPANY. Mgmt For Against
5 AUTHORIZATION OF THE REMUNERATION OF
DIRECTORS. Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Ubiquitel, Inc UPCS 903474302 5/12/2005 1.1 Elect Director Matthew J. Boos Mgmt For Withhold
1.2 Elect Director Eve M. Trkla Mgmt For For
1.3 Elect Director Eric S. Weinstein Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For Against
- -----------------------------------------------------------------------------------------------------------------------------------
UCBH Holdings,
Inc. UCBH 90262T308 9/24/2004 1 Amend Stock Option Plan Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
UCBH Holdings,
Inc. UCBH 90262T308 5/19/2005 1.1 Elect Director Li-Lin Ko Mgmt For For
1.2 Elect Director Richard Li-Chung Wang Mgmt For For
1.3 Elect Director Dennis Wu Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
US Unwired Inc. UNWR 90338R104 4/26/2005 1.1 Elect Director Robert W. Piper Mgmt For Withhold
1.2 Elect Director Christopher J. Stadler Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For Against
- -----------------------------------------------------------------------------------------------------------------------------------
-22-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
Uti Worldwide Inc. UTIW G87210103 6/13/2005 Meeting for Holders of ADRs
1.1 Elect Director Leon J. Level Mgmt For For
1.2 Elect Director J. Simon Stubbings Mgmt For For
2 TO RATIFY THE APPOINTMENT OF DELOITTE &
TOUCHE LLP AS INDEPENDENT REGISTERED
PUBLIC ACCOUNTANTS OF THE COMPANY. Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Varian
Semiconductor
Equipment
Associates, Inc. VSEA 922207105 2/24/2005 1.1 Elect Director Richard A. Aurelio Mgmt For For
1.2 Elect Director Elizabeth E. Tallett Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
4 Amend Omnibus Stock Plan Mgmt For For
5 Amend Omnibus Stock Plan Mgmt For For
6 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Ventiv Health, Inc. VTIV 922793104 6/15/2005 1.1 Elect Director Daniel M. Snyder Mgmt For For
1.2 Elect Director Eran Broshy Mgmt For For
1.3 Elect Director A. Clayton Perfall Mgmt For For
1.4 Elect Director Donald Conklin Mgmt For For
1.5 Elect Director John R. Harris Mgmt For For
1.6 Elect Director Per G.H. Lofberg Mgmt For For
1.7 Elect Director Mark E. Jennings Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For Against
3 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Websense, Inc. WBSN 947684106 6/7/2005 1.1 Elect Director Mark S. St.Clare Mgmt For For
1.2 Elect Director Peter C. Waller Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Wintrust Financial
Corp. WTFC 97650W108 5/26/2005 1.1 Elect Director Peter D. Crist Mgmt For For
1.2 Elect Director Joseph F. Damico Mgmt For For
1.3 Elect Director John S. Lillard Mgmt For For
1.4 Elect Director Hollis W. Rademacher Mgmt For For
1.5 Elect Director John J. Schornack Mgmt For For
2 Increase Authorized Common Stock Mgmt For Against
3 Declassify the Board of Directors ShrHoldr Against For
- -----------------------------------------------------------------------------------------------------------------------------------
-23-
PROXY VOTE SUMMARY REPORT FROM 07/01/04 TO 06/30/05
SIT SMALL CAP GROWTH FUND
Meeting Mgmt. Fund
Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Vote Cast
- -----------------------------------------------------------------------------------------------------------------------------------
WMS Industries Inc. WMS 929297109 12/9/2004 1.1 Elect Director Louis J. Nicastro Mgmt For Withhold
1.2 Elect Director Brian R. Gamache Mgmt For Withhold
1.3 Elect Director Norman J. Menell Mgmt For Withhold
1.4 Elect Director Harold H. Bach, Jr. Mgmt For Withhold
1.5 Elect Director William C. Bartholomay Mgmt For Withhold
1.6 Elect Director Neil D. Nicastro Mgmt For Withhold
1.7 Elect Director Harvey Reich Mgmt For For
1.8 Elect Director Ira S. Sheinfeld Mgmt For Withhold
1.9 Elect Director William J. Vareschi, Jr Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For For
3 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
WRIGHT MED
GROUP INC WMGI 98235T107 5/12/2005 1.1 Elect Director F. Barry Bays Mgmt For For
1.2 Elect Director Richard B. Emmitt Mgmt For For
1.3 Elect Director Laurence Y. Fairey Mgmt For For
1.4 Elect Director David D. Stevens Mgmt For For
1.5 Elect Director James E. Thomas Mgmt For For
1.6 Elect Director Thomas E. Timbie Mgmt For For
1.7 Elect Director James T. Treace Mgmt For For
1.8 Elect Director Elizabeth H. Weatherman Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For Against
3 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Zebra Technologies
Corp. ZBRA 989207105 5/17/2005 1.1 Elect Director Edward L. Kaplan Mgmt For For
1.2 Elect Director Christopher G. Knowles Mgmt For For
2 Ratify Auditors Mgmt For For
- -----------------------------------------------------------------------------------------------------------------------------------
Zix Corp. ZIXI 98974P100 5/25/2005 1.1 Elect Director Michael E. Keane Mgmt For For
1.2 Elect Director James S. Marston Mgmt For For
1.3 Elect Director John A. Ryan Mgmt For For
1.4 Elect Director Antonio R. Sanchez, III Mgmt For For
1.5 Elect Director Richard D. Spurr Mgmt For For
1.6 Elect Director Dr. Ben G. Streetman Mgmt For For
2 Approve Omnibus Stock Plan Mgmt For Against
3 Amend Stock Option Plan Mgmt For Against
-24-
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) Sit Small Cap Growth Fund, a series of Sit Mutual Funds, Inc.
----------------------------------------------------------------
By (Signature and Title)* /s/ Paul E. Rasmussen, Vice President
---------------------------------------------------
Date August 31, 2005
------------------------------------------------------------------------
* Print the name and title of each signing officer under his or her signature.