UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
INVESTMENT COMPANY ACT FILE NUMBER: 811-04404
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WEISS, PECK & GREER FUNDS TRUST
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
ONE NEW YORK PLAZA, NEW YORK, NY 10004
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
JOSEPH REARDON
WEISS, PECK & GREER INVESTMENTS
ONE NEW YORK PLAZA 31st FLOOR
NEW YORK, NY 10004
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(NAME AND ADDRESS OF AGENT FOR SERVICE)
(212) 908-9882
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
DATE OF FISCAL YEAR END: 12/31
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DATE OF REPORTING PERIOD: 7/1/03 - 6/30/04
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ITEM 1. PROXY VOTING RECORD:
Account - WPG QUANTITATIVE EQUITY
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CONSTELLATION BRANDS, INC. STZ Annual Meeting Date: 07/15/2003
Issuer: 21036P108 City: Holdings Reconciliation Date: 05/20/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 07/15/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932016555 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 108 6,100 6,100 06/19/2003 06/19/2003 06/24/2003
MCKESSON CORPORATION MCK Annual Meeting Date: 07/30/2003
Issuer: 58155Q103 City: Holdings Reconciliation Date: 06/03/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 07/30/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932014335 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 For Against S/H PROPOSAL - CORPORATE GOVERNANCE
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 103 6,700 6,700 06/19/2003 07/22/2003 07/22/2003
ELECTRONIC ARTS INC. ERTS Annual Meeting Date: 07/31/2003
Issuer: 285512109 City: Holdings Reconciliation Date: 06/04/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 07/31/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932013066 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 Against For AMEND OMNIBUS STOCK OPTION PLAN
03 Against For AMEND STOCK PURCHASE PLAN
04 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 109 1,000 1,000 07/01/2003 07/01/2003 07/07/2003
Report Date: 4/28/2004
Page 2 of 14
COMPUTER SCIENCES CORPORATION CSC Annual Meeting Date: 08/11/2003
Issuer: 205363104 City: Holdings Reconciliation Date: 06/13/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 08/11/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932020732 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 104 5,650 5,650 07/07/2003 07/07/2003 07/08/2003
COMPUTER ASSOCIATES INTERNATIONAL, I CA Annual Meeting Date: 08/27/2003
Issuer: 204912109 City: Holdings Reconciliation Date: 07/02/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 08/27/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932026823 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 Against For ADOPT OMNIBUS STOCK OPTION PLAN
03 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 109 2,500 2,500 07/22/2003 08/25/2003 08/25/2003
Report Date: 4/28/2004
Page 3 of 14
SMITHFIELD FOODS, INC. SFD Annual Meeting Date: 09/03/2003
Issuer: 832248108 City: Holdings Reconciliation Date: 07/11/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 09/03/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932034236 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 108 6,100 6,100 08/25/2003 08/27/2003 08/27/2003
PARK PLACE ENTERTAINMENT CORPORATION PPE Special Meeting Date: 09/10/2003
Issuer: 700690100 City: Holdings Reconciliation Date: 07/24/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 09/10/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932032662 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 Against For APPROVE COMPANY NAME CHANGE
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 100 11,400 11,400 08/05/2003 09/02/2003 09/02/2003
FEDEX CORPORATION FDX Annual Meeting Date: 09/29/2003
Issuer: 31428X106 City: Holdings Reconciliation Date: 08/04/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 09/29/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932038183 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 Against For ADOPT OMNIBUS STOCK OPTION PLAN
03 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
04 For Against S/H PROPOSAL - DECLASSIFY BOARD
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 106 1,800 1,800 08/25/2003 09/23/2003 09/23/2003
GENERAL MOTORS CORPORATION GM Consent Meeting Date: 10/03/2003
Issuer: 370442105 City: Holdings Reconciliation Date: 08/01/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 10/03/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932040380 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For APPROVE CHARTER AMENDMENT
02 For For APPROVE CHARTER AMENDMENT
03 For For MISCELLANEOUS CORPORATE ACTIONS
04 For For AUTHORIZE SALE OF ASSETS
05 For For ACQUISITION AGREEMENT
06 For For AMEND BYLAW/CHARTER
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 105 2,600 2,600 09/02/2003 09/29/2003 09/29/2003
Report Date: 4/28/2004
Page 4 of 14
ORACLE CORPORATION ORCL Annual Meeting Date: 10/13/2003
Issuer: 68389X105 City: Holdings Reconciliation Date: 08/21/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 10/13/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932041887 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 Against For ADOPT OMNIBUS STOCK OPTION PLAN
03 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
04 Against For ADOPT OMNIBUS STOCK OPTION PLAN
05 For Against MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 105 10,200 10,200 09/16/2003 10/07/2003 10/07/2003
THE PROCTER & GAMBLE COMPANY PG Annual Meeting Date: 10/14/2003
Issuer: 742718109 City: Holdings Reconciliation Date: 08/01/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 10/14/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932038474 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 Against For ADOPT OMNIBUS STOCK OPTION PLAN
04 For Against S/H PROPOSAL - CORPORATE GOVERNANCE
05 Against Against MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 109 3,950 3,950 08/26/2003 10/07/2003 10/07/2003
Report Date: 4/28/2004
Page 5 of 14
FIRST DATA CORPORATION FDC Special Meeting Date: 10/28/2003
Issuer: 319963104 City: Holdings Reconciliation Date: 09/08/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 10/28/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932049073 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For APPROVE MERGER AGREEMENT
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 104 1,200 1,200 10/02/2003 10/21/2003 10/21/2003
SEAGATE TECHNOLOGY STX Annual Meeting Date: 10/29/2003
Issuer: G7945J104 City: Holdings Reconciliation Date: 09/05/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 10/29/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932048514 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 Against For ADOPT OMNIBUS STOCK OPTION PLAN
03 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 104 2,100 2,100 10/07/2003 10/21/2003 10/21/2003
SARA LEE CORPORATION SLE Annual Meeting Date: 10/30/2003
Issuer: 803111103 City: Holdings Reconciliation Date: 09/02/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 10/30/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932047699 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 Against Against S/H PROPOSAL - REPORT ON CHARITABLE DONATIONS
04 For Against S/H PROPOSAL - PROXY PROCESS/STATEMENT
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 103 4,000 4,000 09/23/2003 10/21/2003 10/21/2003
Report Date: 4/28/2004
Page 6 of 14
SYSCO CORPORATION SYY Annual Meeting Date: 11/07/2003
Issuer: 871829107 City: Holdings Reconciliation Date: 09/09/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 11/07/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932051383 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For APPROVE AUTHORIZED COMMON STOCK INCREASE
03 Against For ADOPT OMNIBUS STOCK OPTION PLAN
04 Against Against MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 107 4,100 4,100 10/02/2003 11/03/2003 11/03/2003
CISCO SYSTEMS, INC. CSCO Annual Meeting Date: 11/11/2003
Issuer: 17275R102 City: Holdings Reconciliation Date: 09/12/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 11/11/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932046899 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 Against For AMEND STOCK PURCHASE PLAN TO INCREASE SHARES
03 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
04 Against Against S/H PROPOSAL - BUSINESS/INVESTMENT
05 Against Against S/H PROPOSAL - CORPORATE GOVERNANCE
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 102 10,100 10,100 09/23/2003 11/06/2003 11/06/2003
MICROSOFT CORPORATION MSFT Annual Meeting Date: 11/11/2003
Issuer: 594918104 City: Holdings Reconciliation Date: 09/12/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 11/11/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932048879 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 Against For AMEND OMNIBUS STOCK OPTION PLAN
03 For For AMEND NON-EMPLOYEE DIRECTOR PLAN
04 Against Against MISCELLANEOUS SHAREHOLDER PROPOSAL
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 104 20,700 20,700 09/29/2003 11/04/2003 11/04/2003
Report Date: 4/28/2004
Page 7 of 14
PALL CORPORATION PLL Annual Meeting Date: 11/19/2003
Issuer: 696429307 City: Holdings Reconciliation Date: 10/01/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 11/19/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932057006 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 Against For ADOPT OMNIBUS STOCK OPTION PLAN
03 Against For AMEND STOCK PURCHASE PLAN
04 Against For AMEND STOCK PURCHASE PLAN
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 307 2,900 2,900 10/28/2003 11/13/2003 11/13/2003
CAMPBELL SOUP COMPANY CPB Annual Meeting Date: 11/21/2003
Issuer: 134429109 City: Holdings Reconciliation Date: 09/23/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 11/21/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932054694 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 Against For ADOPT OMNIBUS STOCK OPTION PLAN
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 109 7,900 7,900 10/15/2003 11/17/2003 11/17/2003
FOX ENTERTAINMENT GROUP, INC. FOX Annual Meeting Date: 11/25/2003
Issuer: 35138T107 City: Holdings Reconciliation Date: 09/29/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 11/25/2003
SEDOL:
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Vote Group: GLOBAL
Agenda: 932054771 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 107 6,700 6,700 10/15/2003 11/17/2003 11/17/2003
Report Date: 4/28/2004
Page 8 of 14
COUNTRYWIDE FINANCIAL CORPORATION CFC Special Meeting Date: 01/09/2004
Issuer: 222372104 City: Holdings Reconciliation Date: 11/28/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 01/09/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932074634 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For APPROVE AUTHORIZED COMMON STOCK INCREASE
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 104 1,600 1,600 12/15/2003 01/05/2004 01/05/2004
SANMINA-SCI CORPORATION SANM Annual Meeting Date: 01/26/2004
Issuer: 800907107 City: Holdings Reconciliation Date: 12/01/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 01/26/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932076183 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 107 16,900 16,900 12/29/2003 01/20/2004 01/20/2004
MONSANTO COMPANY MON Annual Meeting Date: 01/29/2004
Issuer: 61166W101 City: Holdings Reconciliation Date: 12/01/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 01/29/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932069948 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 For For AMEND LONG TERM INCENTIVE PLAN
04 Against Against S/H PROPOSAL - HUMAN RIGHTS RELATED
05 Against Against S/H PROPOSAL - REQUIRE ENVIRONMENTAL REPORTING
06 For Against S/H PROPOSAL - RESCIND OR ALLOW SHAREHOLDER TO RATIFY
POISON PILL
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 101 9,900 9,900 12/15/2003 01/21/2004 01/21/2004
Report Date: 4/28/2004
Page 9 of 14
ACCENTURE LTD ACN Annual Meeting Date: 02/05/2004
Issuer: G1150G111 City: Holdings Reconciliation Date: 12/08/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 02/05/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932082174 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
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01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 111 4,600 4,600 01/05/2004 01/26/2004 01/26/2004
BECTON, DICKINSON AND COMPANY BDX Annual Meeting Date: 02/11/2004
Issuer: 075887109 City: Holdings Reconciliation Date: 12/15/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 02/11/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932080029 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 Against For ADOPT OMNIBUS STOCK OPTION PLAN
04 For Against S/H PROPOSAL - CORPORATE GOVERNANCE
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 109 4,025 4,025 01/05/2004 02/03/2004 02/03/2004
DEERE & COMPANY DE Annual Meeting Date: 02/25/2004
Issuer: 244199105 City: Holdings Reconciliation Date: 12/31/2003
ISIN: Country: UNITED STATES Vote Deadline Date: 02/25/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932083607 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 105 2,500 2,500 01/15/2004 02/19/2004 02/19/2004
Report Date: 4/28/2004
Page 10 of 14
BANK OF AMERICA CORPORATION BAC Special Meeting Date: 03/17/2004
Issuer: 060505104 City: Holdings Reconciliation Date: 01/26/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 03/17/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932091692 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For APPROVE MERGER AGREEMENT
02 For For AMEND STOCK OPTION PLAN
03 For For APPROVE AUTHORIZED COMMON STOCK INCREASE
04 For For APPROVE MOTION TO ADJOURN MEETING
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 104 1,350 1,350 02/19/2004 03/09/2004 03/09/2004
FLEETBOSTON FINANCIAL CORPORATION FBF Special Meeting Date: 03/17/2004
Issuer: 339030108 City: Holdings Reconciliation Date: 01/26/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 03/17/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932093519 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For APPROVE MERGER AGREEMENT
02 For For APPROVE MOTION TO ADJOURN MEETING
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 108 4,100 4,100 02/19/2004 03/09/2004 03/09/2004
HEWLETT-PACKARD COMPANY HPQ Annual Meeting Date: 03/17/2004
Issuer: 428236103 City: Holdings Reconciliation Date: 01/20/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 03/17/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932086982 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 Against For ADOPT OMNIBUS STOCK OPTION PLAN
04 For Against S/H PROPOSAL - PROXY PROCESS/STATEMENT
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
- ------------------------------------------------------------------------------------------------------------------------------------
B01WPGF1112102B 60107357 103 5,250 5,250 02/03/2004 03/09/2004 03/09/2004
Report Date: 4/28/2004
Page 11 of 14
FEDERAL HOME LOAN MORTGAGE CORPORATI FRE Annual Meeting Date: 03/31/2004
Issuer: 313400301 City: Holdings Reconciliation Date: 02/20/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 03/31/2004
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Agenda: 932098343 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 301 3,900 3,900 02/26/2004 03/24/2004 03/24/2004
BECKMAN COULTER, INC. BEC Annual Meeting Date: 04/01/2004
Issuer: 075811109 City: Holdings Reconciliation Date: 02/02/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 04/01/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932100251 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For ADOPT INCENTIVE STOCK OPTION PLAN
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
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B01WPGF1112102B 60107357 109 3,200 3,200 03/03/2004 03/24/2004 03/24/2004
LEHMAN BROTHERS HOLDINGS INC. LEH Annual Meeting Date: 04/02/2004
Issuer: 524908100 City: Holdings Reconciliation Date: 02/13/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 04/02/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932097707 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
- ------------------------------------------------------------------------------------------------------------------------------------
B01WPGF1112102B 60107357 100 3,000 3,000 03/03/2004 03/24/2004 03/24/2004
Report Date: 4/28/2004
Page 12 of 14
UNITED TECHNOLOGIES CORPORATION UTX Annual Meeting Date: 04/14/2004
Issuer: 913017109 City: Holdings Reconciliation Date: 02/17/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 04/14/2004
SEDOL:
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Vote Group: GLOBAL
Agenda: 932093367 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 Against AgainstS/H PROPOSAL - REINCORPORATE OUT OF DELAWARE
04 Against AgainstS/H PROPOSAL - MILITARY/WEAPONS
05 For AgainstS/H PROPOSAL - CORPORATE GOVERNANCE
06 For AgainstS/H PROPOSAL - BOARD OF DIRECTORS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
- ------------------------------------------------------------------------------------------------------------------------------------
B01WPGF1112102B 60107357 109 3,000 3,000 03/03/2004 03/29/2004 03/29/2004
CARNIVAL CORPORATION CCL Annual Meeting Date: 04/22/2004
Issuer: 143658300 City: Holdings Reconciliation Date: 02/23/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 04/22/2004
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Agenda: 932098622 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 For For APPROVE INCREASE IN AGGREGATE COMPENSATION CEILING
FOR DIRS AND STATUTORY AUDS
04 For For RECEIVE CONSOLIDATED FINANCIAL STATEMENTS
05 For For APPROVE RENUMERATION OF DIRECTORS
06 For For ALLOT SECURITIES
07 Against For ELIMINATE PREEMPTIVE RIGHTS
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
- ------------------------------------------------------------------------------------------------------------------------------------
B01WPGF1112102B 60107357 300 3,100 3,100 03/09/2004 04/07/2004 04/07/2004
MERCK & CO., INC. MRK Annual Meeting Date: 04/27/2004
Issuer: 589331107 City: Holdings Reconciliation Date: 02/24/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 04/27/2004
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Agenda: 932102306 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
01 For For ELECTION OF DIRECTORS
02 For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
03 For For DECLASSIFY BOARD
04 For Against S/H PROPOSAL - LIMIT COMPENSATION
05 Against Against S/H PROPOSAL - HEALTH ISSUES
06 For Against S/H PROPOSAL - REQUIRE SHAREHOLDER APPROVAL OF BUSINESS
COMBINATION
07 Against Against S/H PROPOSAL - POLITICAL/GOVERNMENT
08 For Against S/H PROPOSAL - HEALTH ISSUES
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
- ------------------------------------------------------------------------------------------------------------------------------------
B01WPGF1112102B 60107357 107 4,200 4,200 03/09/2004 04/07/2004 04/07/2004
Report Date: 4/28/2004
Page 13 of 14
GENERAL ELECTRIC COMPANY GE Annual Meeting Date: 04/28/2004
Issuer: 369604103 City: Holdings Reconciliation Date: 03/01/2004
ISIN: Country: UNITED STATES Vote Deadline Date: 04/28/2004
SEDOL:
- ------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Agenda: 932103346 -MANAGEMENT
Proposal Number Vote Cast Mgmt Rec Proposal
- ------------------------------------------------------------------------------------------------------------------------------------
0A For For ELECTION OF DIRECTORS
0B For For RATIFY APPOINTMENT OF INDEPENDENT AUDITORS
0C For For ADOPT/AMEND EXECUTIVE INCENTIVE BONUS PLAN
01 For Against S/H PROPOSAL - ADOPT CUMULATIVE VOTING
02 Against Against S/H PROPOSAL - ANIMAL RIGHTS
03 For Against S/H PROPOSAL - OPT OUT OF ANTI-TAKEOVER STATUTE
04 Against Against S/H PROPOSAL - HEALTH ISSUES
05 For Against MISCELLANEOUS SHAREHOLDER PROPOSAL
06 Against Against MISCELLANEOUS SHAREHOLDER PROPOSAL
07 Against Against S/H PROPOSAL - ELIMINATE CUMULATIVE VOTING
08 For Against S/H PROPOSAL - RESCIND OR ALLOW SHAREHOLDER TO RATIFY
POISON PILL
09 Against Against S/H PROPOSAL - LIMIT COMPENSATION
10 For Against MISCELLANEOUS SHAREHOLDER PROPOSAL
11 For Against MISCELLANEOUS SHAREHOLDER PROPOSAL
12 Against Against S/H PROPOSAL - ENHANCE STOCK VALUE VIA MERGER/SALE
13 For Against S/H PROPOSAL - OVERRIDE CSA VOTE RESTRICTIONS
14 For Against S/H PROPOSAL - REQUIRE MAJORITY OF DIRECTORS TO BE
INDEPENDENT
15 Against Against S/H PROPOSAL - POLITICAL/GOVERNMENT
Custodian Internal Stock Voted Ballot Received Last Date
Account Account Class Shares Shares Date Vote Date Confirmed
- ------------------------------------------------------------------------------------------------------------------------------------
B01WPGF1112102B 60107357 103 12,850 12,850 03/09/2004 04/07/2004 04/07/2004
- --------------------------------------------------------------------------------
Mgmt Rec - Company Management Recommended Vote
VOTE SUMMARY REPORT
Apr 01, 2004 - Jun 30, 2004
WPG QUANTITATIVE EQUITY FUND
Mtg Company/ Mgmt Vote Record Shares
Date/Type Ballot Issues Security Rec Cast Date Prpnent Voted
- -------------- --------------------------------------- ------------- ------------ --------------- ----------- ---------- ----------
04/14/04 - A UNITED TECHNOLOGIES CORP. *UTX* 913017109 02/17/04 3,000
1 Elect Directors For For Mgmt
1.1 Elect Director Betsy J. Bernard --- For
1.2 Elect Director George David --- For
1.3 Elect Director Jean-Pierre Garnier --- For
1.4 Elect Director Jamie S. Gorelick --- For
1.5 Elect Director Charles R. Lee --- For
1.6 Elect Director Richard D. McCormick --- For
1.7 Elect Director Harold McGraw III --- For
1.8 Elect Director Frank P. Popoff --- For
1.9 Elect Director H. Patrick Swygert --- For
1.10 Elect Director Andre Villeneuve --- For
1.11 Elect Director H. A. Wagner --- For
1.12 Elect Director Christine Todd Whitman --- For
2 Ratify Auditors For For Mgmt
3 Disclosure of Executive Compensation Against For ShrHoldr
WPG SUPPORTS PROPOSALS THAT SEEK
ADDITIONAL DISCLOSURE OF EXECUTIVE
AND DIRECTOR PAY.
4 Develop Ethical Criteria for Military Against Against ShrHoldr
Contracts
5 Performance-Based/Indexed Options Against For ShrHoldr
THIS PROPOSAL DOES NOT PLACE UNDUE
RESTRICTIONS ON THE COMPANY'S COMPENSATION
COMMITTEE AS IT DOES NOT SPECIFY A FIXED
PERCENTAGE OF OPTIONS TO BE AWARDED AS
PERFORMANCE-BASED COMPENSATION. IN
ADDITION, IT PROPOSES USING A MIX OF
INDEXED STOCK OPTIONS, PREMIUM-PRICED STOCK
OPTIONS, PERFORMANCE-VESTING OPTIONS AND
RESTRICTED STOCK.
6 Separate Chairman and CEO Positions Against Against ShrHoldr
WPG DOES NOT SUPPORT BINDING
PROPOSALS THAT SEEK TO SEPARAT CHAIRMAN AND
CEO.
04/15/04 - A TEXAS INSTRUMENTS INC. *TXN* 882508104 02/17/04 7,900
1 Elect Directors For For Mgmt
1.1 Elect Director James R. Adams --- For
1.2 Elect Director David L. Boren --- For
1.3 Elect Director Daniel A. Carp --- For
1.4 Elect Director Thomas J. Engibous --- For
1.5 Elect Director Gerald W. Fronterhouse --- For
1.6 Elect Director David R. Goode --- For
1.7 Elect Director Wayne R. Sanders --- For
1.8 Elect Director Ruth J. Simmons --- For
1.9 Elect Director Richard K. Templeton --- For
1.10 Elect Director Christine Todd Whitman --- For
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Expense Stock Options Against For ShrHoldr
GIVEN THAT (1) MANY COMPANIES USE STOCK
OPTIONS AS A SIGNIFICANT COMPONENT OF
OVERALL COMPENSATION, (2) THE EXERCISE OF
OPTIONS RESULT IN A TRANSFER OF SHAREHOLDER
VALUE, AND (3) THE CONTINGENT COST OF
OPTIONS REDUCES EARNINGS, OPTIONS SHOULD BE
EXPENSED ALONG WITH ALL OTHER FORMS OF
COMPENSATION TO BETTER REFLECT THE
COMPANY'S TRUE EARNINGS AND PROVIDE
ADDITIONAL DISCIPLINE AGAINST OVERUSE.
1
04/20/04 - A CITIGROUP INC. *C* 172967101 02/27/04 6,450
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Limit Executive Compensation Against Against ShrHoldr
4 Report on Political Contributions/Activities Against Against ShrHoldr
5 Prohibit Awards to Executives Against Against ShrHoldr
6 Separate Chairman and CEO Positions Against For ShrHoldr
WPG SUPPORTS NON-BINDING PROPOSALS TO
SEPERATE CEO AND CHAIRMAN.
04/20/04 - A SPRINT CORP. *FON* 852061100 02/20/04 10,600
1 Elect Directors For Split Mgmt
1.1 Elect Director Gordon M. Bethune --- For
1.2 Elect Director E. Linn Draper, Jr. --- For
1.3 Elect Director Deborah A. Henretta --- For
1.4 Elect Director Linda Koch Lorimer --- Withhold
THERE ARE SERIOUS CONCERNS ABOUT THE
EFFECTIVENESS OF THE SPRINT BOARD AND THE
JUDGMENT OF THE NOMINATION AND COMPENSATION
COMMITTEES. IN LIGHT OF THE PERSISTENT AND
QUESTIONABLE JUDGMENT DISPLAYED BY THE
BOARD, WITHHOLD VOTE FROM LINDA KOCH
LORIMER AS THE ONLY CONTINUING DIRECTOR UP
FOR RE-ELECTION.
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Performance- Based/Indexed Options Against For ShrHoldr
WPG SUPPORTS PERFORMANCED-BASED
COMPENSATION.
4 Limit Executive Compensation Against Against ShrHoldr
5 Separate Chairman and CEO Positions Against Against ShrHoldr
6 Report on Foreign Outsourcing Against Against ShrHoldr
2
04/20/04 - A WACHOVIA CORP. *WB* 929903102 02/18/04 7,000
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25
PERCENT OF TOTAL FEES PAID.
3 Require Two Candidates for Each Board Seat Against Against ShrHoldr
4 Report on Political Contributions/Activities Against Against ShrHoldr
5 Separate Chairman and CEO Positions Against Against ShrHoldr
04/22/04 - A ALCAN INC. *AL.* 013716105 03/03/04 2,350
1 Elect Directors For Split Mgmt
1.1 Elect Director R. Berger --- Withhold
POOR ATTENDANCE OF UNDER 75% OF BOARD
MEETINGS.
1.2 Elect Director L.D. Desautels --- For
1.3 Elect Director T. Engen --- For
1.4 Elect Director L.Y. Fortier --- For
1.5 Elect Director J.P. Jacamon --- For
1.6 Elect Director W.R. Loomis --- For
1.7 Elect Director Y. Mansion --- For
1.8 Elect Director C. Morin-Postel --- For
1.9 Elect Director J.E. Newall --- For
1.10 Elect Director G. Saint-Pierre --- For
1.11 Elect Director G. Schulmeyer --- For
1.12 Elect Director P.M. Tellier --- For
1.13 Elect Director M.K. Wong --- For
2 Approve Auditors and Authorize Board to Fix For For Mgmt
Remuneration of Auditors
04/22/04 - A LEXMARK INTERNATIONAL, INC. *LXK* 529771107 03/05/04 1,200
1 Elect Directors For For Mgmt
1.1 Elect Director Frank T. Cary --- For
1.2 Elect Director Paul J. Curlander --- For
1.3 Elect Director Martin D. Walker --- For
1.4 Elect Director James F. Hardymon --- For
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3
04/22/04 - A PFIZER INC. *PFE* 717081103 02/27/04 18,050
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT
OF TOTAL FEES PAID.
3 Approve Omnibus Stock Plan For For Mgmt
4 Report on Operational Impact of HIV/AIDS, Against Against ShrHoldr
TB, and Malaria Pandemic
5 Cease Political Contributions/Activities Against Against ShrHoldr
6 Report on Political Contributions/Activities Against Against ShrHoldr
7 Establish Term Limits for Directors Against Against ShrHoldr
8 Report on Drug Pricing Against Against ShrHoldr
9 Limit Awards to Executives Against Against ShrHoldr
10 Amend Animal Testing Policy Against Against ShrHoldr
04/23/04 - A MERRILL LYNCH & CO., INC. *MER* 590188108 02/24/04 3,400
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Restore or Provide for Cumulative Voting Against For ShrHoldr
CUMULATIVE VOTING IS ONE OF THE CORPORATE
GOVERNANCE TOOLS THAT PROVIDES SHAREHOLDERS
ACCESS AND INFLUENCE OVER DIRECTOR
ELECTIONS. IT ENSURES THAT HOLDERS OF A
SIGNIFICANT NUMBER OF SHARES WIN BOARD
REPRESENTATION. UNDER A CUMULATIVE VOTING
POLICY, SHAREHOLDERS CAN WITHHOLD VOTES
FROM CERTAIN NOMINEES IN ORDER TO CAST
MULTIPLE VOTES FOR OTHERS. CURRENTLY
SHAREHOLDERS CAN ONLY CAST ONE VOTE FOR EACH
NOMINEE.
4 Separate Chairman and CEO Positions Against Against ShrHoldr
04/27/04 - A EXELON CORP. *EXC* 30161N101 03/01/04 2,200
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Executive Incentive Bonus Plan For For Mgmt
04/27/04 - A GOLDEN WEST FINANCIAL CORP. *GDW* 381317106 03/01/04 1,100
1 Elect Directors For For Mgmt
2 Increase Authorized Common Stock For Against Mgmt
EXCESSIVE INCREASE WITHOUT EXPLANATION.
3 Ratify Auditors For For Mgmt
4
04/27/04 - A INTERNATIONAL BUSINESS MACHINES CORP. 459200101 02/27/04 3,600
*IBM*
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Ratify Auditors for the Company's Business For For Mgmt
Consulting Services Unit
4 Approve Executive Incentive Bonus Plan For For Mgmt
5 Provide for Cumulative Voting Against For ShrHoldr
WPG SUPPORTS PROPOSALS ASKING TO PROVIDE
FOR CUMULATIVE VOTING.
6 Amend Pension and Retirement Medical Against Against ShrHoldr
Insurance Plans
7 Submit Executive Compensation to Vote Against For ShrHoldr
PENSION FUND INCOME CAN DISTORT TRUE
OPERATING PERFORMANCE, WHICH SHOULD BE THE
BASIS FOR DETERMINING EXECUTIVE BONUSES AND
COMPENSATION RATHER THAN GAINS FROM DEFINED
BENEFIT PLANS.
8 Expense Stock Options Against For ShrHoldr
WPG SUPPORTS THE EXPENSING OF OPTIONS.
9 Limit Awards to Executives Against Against ShrHoldr
10 China Principles Against For ShrHoldr
11 Report on Political Contributions/Activities Against Against ShrHoldr
12 Report on Executive Compensation Against For ShrHoldr
04/27/04 - A MERCK & CO., INC. *MRK* 589331107 02/24/04 4,200
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Declassify the Board of Directors For For Mgmt
4 Prohibit Awards to Executives Against Against ShrHoldr
5 Develop Ethical Criteria for Patent Against Against ShrHoldr
Extension
6 Link Executive Compensation to Social Issues Against Against ShrHoldr
7 Report on Political Contributions Against Against ShrHoldr
8 Report on Operational Impact of HIV/AIDS, Against Against ShrHoldr
TB, and Malaria Pandemic
04/27/04 - A THE BLACK & DECKER CORP. *BDK* 091797100 02/17/04 2,700
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Restricted Stock Plan For Against Mgmt
TOTAL DILUTON OF GREATER THAN 12%.
4 Limit Executive Compensation Against Against ShrHoldr
5
04/27/04 - A THE CHUBB CORP. *CB* 171232101 03/08/04 500
1 Elect Directors For For Mgmt
2 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION OF GREATER THAN 12%.
3 Approve Non-Employee Director Omnibus Stock For Against Mgmt
Plan
TOTAL DILUTION OF GREATER THAN 12%.
4 Ratify Auditors For For Mgmt
5 Report on Political Contributions/Activities Against Against ShrHoldr
04/28/04 - A CHEVRONTEXACO CORP. *CVX* 166764100 03/01/04 1,500
1 Elect Directors For For Mgmt
1.1 Elect Director Samuel H. Armacost --- For
1.2 Elect Director Robert E. Denham --- For
1.3 Elect Director Robert J. Eaton --- For
1.4 Elect Director Sam Ginn --- For
1.5 Elect Director Carla Anderson Hills --- For
1.6 Elect Director Franklyn G. Jenifer --- For
1.7 Elect Director J. Bennett Johnston --- For
1.8 Elect Director Sam Nunn --- For
1.9 Elect Director David J. O'Reilly --- For
1.10 Elect Director Peter J. Robertson --- For
1.11 Elect Director Charles R. Shoemate --- For
1.12 Elect Director Carl Ware --- For
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Adopt Shareholder Rights Plan (Poison Pill) For For Mgmt
Policy
GIVEN THAT THE COMPANY CURRENTLY DOES NOT
MAINTAIN A POISON PILL, APPROVAL OF THIS
ITEM ENHANCES SHAREHOLDERS' RIGHTS BY
ESTABLISHING A CLEAR PROCESS TO SUBMIT
POISON PILLS TO A SHAREHOLDER VOTE. AS SUCH
THIS ITEM WARRANTS SHAREHOLDER SUPPORT.
4 Amend Omnibus Stock Plan For For Mgmt
5 Report on Operational Impact of HIV/AIDS, Against Against ShrHoldr
TB, and Malaria Pandemic
6 Report on Political Contributions/Activities Against Against ShrHoldr
7 Require Affirmative Vote of a Majority of Against Against ShrHoldr
the Shares to Elect Directors
8 Report on Health and Environmental Against For ShrHoldr
Initiatives in Ecuador
WPG SUPPORTS ENVIRONMENTAL REPORTING
PROPOSALS.
9 Report on Renewable Energy Against For ShrHoldr
WPG SUPPORTS ENVIRONMENTAL REPORTING
PROPOSALS.
6
04/28/04 - A THE SHERWIN-WILLIAMS CO. *SHW* 824348106 02/23/04 3,100
1 Elect Directors For Split Mgmt
1.1 Elect Director James C. Boland --- For
1.2 Elect Director John G. Breen --- For
1.3 Elect Director Duane E. Collins --- For
1.4 Elect Director Christopher M. Connor --- For
1.5 Elect Director Daniel E. Evans --- For
1.6 Elect Director Susan J. Kropf --- Withhold
WITHHOLD VOTES FROM CURTIS E. MOLL AND
SUSAN J. KROPF FOR POOR ATTENDANCE.
1.7 Elect Director Robert W. Mahoney --- For
1.8 Elect Director Gary E. McCullough --- For
1.9 Elect Director A. Malachi Mixon, III --- For
1.10 Elect Director Curtis E. Moll --- Withhold
WITHHOLD VOTES FROM CURTIS E. MOLL AND
SUSAN J. KROPF FOR POOR ATTENDANCE.
1.11 Elect Director Joseph M. Scaminace --- For
1.12 Elect Director Richard K. Smucker --- For
2 Amend Bylaws For Against Mgmt
SINCE THE PROPOSED AMENDMENT TO REGULATIONS
IS A BUNDLED PROPOSAL AND WE OPPOSE THE ONE
REGARDING WRITTEN CONSENT, WE RECOMMEND
AGAINST THIS ITEM.
3 Amend Bylaws For For Mgmt
4 Amend Nomination Procedures for the Board For For Mgmt
5 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
04/28/04 - A VERIZON COMMUNICATIONS *VZ* 92343V104 03/01/04 6,650
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Restore or Provide for Cumulative Voting Against For ShrHoldr
WPG SUPPORT CUMULATIVE VOTING.
4 Require Majority of Independent Directors Against For ShrHoldr
on Board
WPG SUPPORTS THESE PROPOSALS.
5 Separate Chairman and CEO Positions Against Against ShrHoldr
WPG SUPPORTS THE SEPARATION OF CEO AND
CHAIRMAN.
6 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
BECAUSE POISON PILLS GREATLY ALTER THE
BALANCE OF POWER BETWEEN SHAREHOLDERS AND
MANAGEMENT, SHAREHOLDERS SHOULD BE ALLOWED
TO MAKE THEIR OWN EVALUATION OF SUCH PLANS.
7 Submit Executive Compensation to Vote Against For ShrHoldr
BECAUSE THE SERP MAY CONFER EXTRAORDINARY
BENEFITS NOT INCLUDED IN EMPLOYEE-WIDE
PLANS, THE PROPOSAL WARRANTS SHAREHOLDER
SUPPORT.
7
8 Prohibit Awards to Executives Against For ShrHoldr
GIVEN THE EXPONENTIAL RISE OF EXECUTIVE
SALARIES OVER THE PAST DECADE AND EXCESSIVE
DILUTION LEVELS, WE SUPPORT SHAREHOLDER
PROPOSALS CALLING FOR SUBSTANTIAL REFORM IN
THIS AREA, PARTICULARLY WITH REGARD TO
OVERLY EXCESSIVE EXECUTIVE PAY ESPECIALLY
WHEN UNTIED TO PERFORMANCE. PROHIBITING ANY
POSSIBLE ISSUANCE OF TRACKING STOCK AWARDS
IN THE FUTURE, THAT ONLY REFLECT THE
PERFORMANCE OF INDIVIDUAL ENTITIES IN WHICH
THE COMPANY HAS AN EQUITY INTEREST, WOULD
ENCOURAGE STRONG LINKAGE BETWEEN THE
COMPANY'S PERFORMANCE AND COMPENSATION AT
THE SENIOR EXECUTIVE LEVEL.
9 Report on Stock Option Distribution by Race Against For ShrHoldr
and Gender
WPG SUPPORTS REPORTING ON EQUAL
OPPORTUNITY AND DIVERSITY.
10 Report on Political Contributions/Activities Against Against ShrHoldr
11 Cease Charitable Contributions Against Against ShrHoldr
04/29/04 - A ALTRIA GROUP, INC. *MO* 02209S103 03/08/04 3,975
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Report on Product Warnings for Pregnant Against Against ShrHoldr
Women
4 Report on Health Risks Associated with Against Against ShrHoldr
Cigarette Filters
5 Political Contributions/Activities Against Against ShrHoldr
6 Cease Use of Light and Ultra Light in Against Against ShrHoldr
Cigarette Marketing
7 Place Canadian Style Warnings on Cigarette Against Against ShrHoldr
Packaging
8 Separate Chairman and CEO Positions Against Against ShrHoldr
8
04/29/04 - A CAPITAL ONE FINANCIAL CORP. *COF* 14040H105 02/29/04 1,700
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION OF GREATER THAN 12%.
04/29/04 - A INVITROGEN CORP. *IVGN* 46185R100 02/27/04 2,100
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION OF GREATER THAN 12%.
4 Amend Employee Stock Purchase Plan For For Mgmt
04/29/04 - A KIMBERLY-CLARK CORP. *KMB* 494368103 03/01/04 2,200
1 Elect Directors For Withhold Mgmt
1.1 Elect Director Pastora San Juan Cafferty
--- Withhold
WITHHOLD VOTES FROM INDEPENDENT OUTSIDERS
MARC J. SHAPIRO, LINDA JOHNSON RICE AND
PASTORA SAN JUAN CAFFERTY FOR FAILURE TO
IMPLEMENT THE PROPOSAL TO SUBMIT THE
COMPANY'S SHAREHOLDER RIGHTS PLAN TO A
SHAREHOLDER VOTE. WITHHOLD VOTES FROM
CLAUDIO X. GONZALEZ FOR FAILURE TO
IMPLEMENT THE PROPOSAL TO SUBMIT THE
COMPANY'S SHAREHOLDER RIGHTS PLAN TO A
SHAREHOLDER VOTE.
1.2 Elect Director Claudio X. Gonzalez ---
Withhold
1.3 Elect Director Linda Johnson Rice ---
Withhold
1.4 Elect Director Marc J. Shapiro --- Withhold
2 Amend Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
3 Ratify Auditors For For Mgmt
4 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
BECAUSE POISON PILLS GREATLY ALTER THE
BALANCE OF POWER BETWEEN SHAREHOLDERS AND
MANAGEMENT, SHAREHOLDERS SHOULD BE ALLOWED
TO MAKE THEIR OWN EVALUATION OF SUCH PLANS.
04/29/04 - A TORCHMARK CORP. *TMK* 891027104 03/05/04 2,800
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25
PERCENT OF TOTAL FEES PAID.
3 Limit Executive Compensation Against For ShrHoldr
WPG SUPPORTS PERFORMANCE-BASED
COMPENSATION.
4 Divest Investments in Tobacco Companies Against Against ShrHoldr
9
04/29/04 - A VALERO ENERGY CORP. *VLO* 91913Y100 03/01/04 1,400
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Report on Greenhouse Gas Emissions Against For ShrHoldr
04/30/04 - A COCA-COLA ENTERPRISES INC. *CCE* 191219104 03/04/04 9,900
1 Elect Directors For For Mgmt
1.1 Elect Director John R. Alm --- For
WITHHOLD VOTES FROM GARY P. FAYARD AND
JOHN R. ALM FOR FAILURE TO ESTABLISH AN
INDEPENDENT NOMINATING COMMITTEE.
1.2 Elect Director J. Trevor Eyton --- For
1.3 Elect Director Gary P. Fayard --- For
1.4 Elect Director L. Phillip Humann --- For
1.5 Elect Director Paula G. Rosput --- For
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION OF GREATER THAN 12%.
4 Amend Deferred Compensation Plan For For Mgmt
5 Approve Employee Stock Purchase Plan For For Mgmt
6 Approve Employee Stock Purchase Plan For For Mgmt
7 Ratify Auditors For For Mgmt
8 Submit Severance Agreement Against For ShrHoldr
(Change-in-Control) to Shareholder Vote
WPG SUPPORTS PROPOSALS THAT SEEK TO
SUBMIT SEVERANCE AGREEMENT
(CHANGE-IN-CONTROL) TO SHAREHOLDER VOTE.
9 Report on Recycling Policy Against Against ShrHoldr
04/30/04 - A OCCIDENTAL PETROLEUM CORP. *OXY* 674599105 03/03/04 2,600
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Amend Non-Employee Director Restricted For For Mgmt
Stock Plan
4 Prohibit Awards to Executives Against Against ShrHoldr
10
05/03/04 - A MBNA CORP. *KRB* 55262L100 02/13/04 8,300
1 Elect Directors For Split Mgmt
1.1 Elect Director James H. Berick --- Withhold
WITHHOLD VOTES FROM BENJAMIN R. CIVILETTI
AND JAMES H. BERICK FOR STANDING AS
AFFILIATED OUTSIDERS ON THE AUDIT,
COMPENSATION AND GOVERNANCE COMMITTEES AND
FOR FAILURE TO ESTABLISH A MAJORITY
INDEPENDENT BOARD. WITHHOLD VOTES FROM
RANDOLPH D. LERNER AND BRUCE L. HAMMONDS
FOR FAILURE TO ESTABLISH A MAJORITY
INDEPENDENT BOARD.
1.2 Elect Director Benjamin R. Civiletti --- Withhold
1.3 Elect Director Bruce L. Hammonds --- Withhold
1.4 Elect Director William L. Jews --- For
1.5 Elect Director Randolph D. Lerner --- Withhold
1.6 Elect Director Stuart L. Markowitz --- For
1.7 Elect Director William B. Milstead --- For
2 Ratify Auditors For For Mgmt
3 Expense Stock Options Against For ShrHoldr
WPG SUPPORTS THE EXPENSING OF STOCK
OPTIONS.
4 Require Majority of Independent Directors Against For ShrHoldr
on Board
WPG SUPPORTS PROPOSALS THAT ASK THE
COMPANY TO REQUIRE MAJORITY OF INDEPENDENT
DIRECTORS ON BOARD.
05/03/04 - A MOTOROLA, INC. *MOT* 620076109 03/05/04 6,800
1 Elect Directors For For Mgmt
1.1 Elect Director Edward Zander --- For
1.2 Elect Director H. Laurence Fuller --- For
1.3 Elect Director Judy Lewent --- For
1.4 Elect Director Walter Massey --- For
1.5 Elect Director Nicholas Negroponte --- For
1.6 Elect Director Indra Nooyi --- For
1.7 Elect Director John Pepper, Jr. --- For
1.8 Elect Director Samuel Scott III --- For
1.9 Elect Director Douglas Warner III --- For
1.10 Elect Director John White --- For
1.11 Elect Director Mike Zafirovski --- For
2 Limit Executive Compensation Against Against ShrHoldr
3 Limit Awards to Executives Against For ShrHoldr
WPG SUPPORTS PERFORMANCE-BASED
COMPENSATION.
11
05/04/04 - A FAIRCHILD SEMICONDUCTOR 303726103 03/10/04 4,300
INTERNATIONAL, INC. *FCS*
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION OF GREATER THAN 12%.
3 Ratify Auditors For For Mgmt
05/04/04 - A GEORGIA-PACIFIC CORP. *GP* 373298108 03/10/04 2,100
1 Elect Directors For Split Mgmt
1.1 Elect Director Barbara L. Bowles --- Withhold
WITHHOLD VOTES FROM JAMES B. WILLIAMS,
DAVID R. GOODE, DONALD V. FITES, AND
BARBARA L. BOWLES FOR FAILING TO REMOVE A
DEAD-HAND, SLOW-HAND, OR SIMILAR FEATURE IN
THE COMPANY'S POISON PILL.
1.2 Elect Director Donald V. Fites --- Withhold
1.3 Elect Director David R. Goode --- Withhold
1.4 Elect Director Karen N. Horn --- For
1.5 Elect Director William R. Johnson --- For
1.6 Elect Director James B. Williams --- Withhold
2 Amend Omnibus Stock Plan For For Mgmt
3 Approve Executive Incentive Bonus Plan For For Mgmt
4 Ratify Auditors For For Mgmt
05/05/04 - A CONOCOPHILLIPS *COP* 20825C104 03/10/04 1,300
1 Elect Directors For For Mgmt
1.1 Elect Director David L. Boren --- For
1.2 Elect Director James E. Copeland, Jr. --- For
1.3 Elect Director Kenneth M. Duberstein --- For
1.4 Elect Director Ruth R. Harkin --- For
1.5 Elect Director William R. Rhodes --- For
1.6 Elect Director J. Stapleton Roy --- For
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
4 Limit Executive Compensation Against Against ShrHoldr
5 Limit Executive Compensation Against Against ShrHoldr
6 Report on Drilling in the Arctic National Against For ShrHoldr
Wildlife Refuge
WPG SUPPORTS ENVIRONMENTAL REPORTING
PROPOSALS.
12
05/06/04 - A ANADARKO PETROLEUM CORP. *APC* 032511107 03/08/04 1,200
1 Elect Directors For For Mgmt
1.1 Elect Director Larry Barcus --- For
1.2 Elect Director James L. Bryan --- For
1.3 Elect Director James T. Hackett --- For
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
4 Report on Greenhouse Gas Emissions Against For ShrHoldr
WPG SUPPORTS ENVIRONMENTAL REPORTING.
05/06/04 - A UNITED PARCEL SERVICE, INC. *UPS* 911312106 03/08/04 600
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
05/07/04 - A RYDER SYSTEM, INC. *R* 783549108 03/12/04 2,700
1 Elect Directors For For Mgmt
1.1 Elect Director John M. Berra --- For
1.2 Elect Director David I. Fuente --- For
1.3 Elect Director Eugene A. Renna --- For
1.4 Elect Director Abbie J. Smith --- For
1.5 Elect Director Christine A. Varney --- For
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
05/11/04 - A 3M CO *MMM* 88579Y101 03/12/04 700
1 Elect Directors For Split Mgmt
1.1 Elect Director Edward A. Brennan --- Withhold
WITHHOLD RECOMMENDATIONS FOR DIRECTORS W.
JAMES MCNERNEY, JR., KEVIN W. SHARER AND
EDWARD A. BRENNAN FOR FAILURE TO TAKE
ACTION ON THE SHAREHOLDER PROPOSAL THAT
RECEIVED MAJORITY VOTE.
1.2 Elect Director Michael L. Eskew --- For
1.3 Elect Director W. James McNerney, Jr. --- Withhold
1.4 Elect Director Kevin W. Sharer --- Withhold
2 Ratify Auditors For For Mgmt
3 Increase Authorized Common Stock For Against Mgmt
EXCESSIVE INCREASE WITHOUT EXPLANATION.
4 Separate Chairman and CEO Positions Against Against ShrHoldr
13
05/11/04 - A REPUBLIC SERVICES, INC. *RSG* 760759100 03/18/04 3,000
1 Elect Directors For For Mgmt
2 Adjourn Meeting For Against Mgmt
05/12/04 - A AUTONATION, INC. *AN* 05329W102 03/26/04 7,100
1 Elect Directors For Split Mgmt
1.1 Elect Director Mike Jackson --- For
1.2 Elect Director Robert J. Brown --- For
1.3 Elect Director J.P. Bryan --- For
1.4 Elect Director Rick L. Burdick --- Withhold
WITHHOLD VOTES FROM RICK L. BURDICK FOR
STANDING AS AN AFFILIATED OUTSIDER ON THE
NOMINATING COMMITTEE.
1.5 Elect Director William C. Crowley --- For
1.6 Elect Director Alan S. Dawes --- For
1.7 Elect Director Edward S. Lampert --- For
1.8 Elect Director Irene B. Rosenfeld --- For
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
05/12/04 - A CIT GROUP INC *CIT* 125581108 03/26/04 1,800
1 Elect Directors For For Mgmt
1.1 Elect Director Albert R. Gamper, Jr. --- For
1.2 Elect Director Gary C. Butler --- For
1.3 Elect Director William A. Farlinger --- For
1.4 Elect Director William M. Freeman --- For
1.5 Elect Director Hon. Thomas H. Kean --- For
1.6 Elect Director Edward J. Kelly, III --- For
1.7 Elect Director Marianne Miller Parrs --- For
1.8 Elect Director Jeffrey M. Peek --- For
1.9 Elect Director John R. Ryan --- For
1.10 Elect Director Peter J. Tobin --- For
1.11 Elect Director Lois M. Van Deusen --- For
2 Ratify Auditors For For Mgmt
3 Other Business For Against Mgmt
DETAILS OF OTHER BUSINESS NOT DISCLOSED.
14
05/12/04 - A CVS CORPORATION *CVS* 126650100 03/15/04 2,700
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For For Mgmt
3 Ratify Auditors For For Mgmt
4 Limit Executive Compensation Against Against ShrHoldr
05/12/04 - A EASTMAN KODAK CO. *EK* 277461109 03/15/04 2,600
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For For Mgmt
4 Adopt Chemical Policy Against Against ShrHoldr
5 Prohibit Awards to Executives Against Against ShrHoldr
05/12/04 - A UNITEDHEALTH GROUP INCORPORATED *UNH* 91324P102 03/15/04 2,400
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Expense Stock Options Against For ShrHoldr
WPG SUPPORTS THE EXPENSING OF STOCK
OPTIONS.
4 Limit Awards to Executives Against Against ShrHoldr
05/13/04 - A AMGEN, INC. *AMGN* 031162100 03/19/04 1,400
1 Elect Directors For Split Mgmt
1.1 Elect Director Frank J. Biondi, Jr. --- For
1.2 Elect Director Jerry D. Choate --- Withhold
WITHHOLD VOTES FROM JERRY D. CHOATE FOR
STANDING AS AN AFFILIATED OUTSIDER ON THE
AUDIT AND COMPENSATION COMMITTEES.
1.3 Elect Director Frank C. Herringer --- For
1.4 Elect Director Gilbert S. Omenn --- For
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Prepare Glass Ceiling Report Against For ShrHoldr
WPG SUPPORTS REPORTING ON EQUAL
OPPORTUNITY AND DIVERSITY.
4 Expense Stock Options Against For ShrHoldr
WPG SUPPORTS THE EXPENSING OF STOCK OPTIONS.
15
05/13/04 - A FORD MOTOR COMPANY *F* 345370860 03/17/04 6,300
1 Elect Directors For Split Mgmt
1.1 Elect Director John R. H. Bond --- Withhold
WITHHOLD VOTES FROM JOHN R. H. BOND AND
ROBERT E. RUBIN FOR STANDING AS AFFILIATED
OUTSIDERS ON THE COMPENSATION AND
NOMINATING COMMITTEES.
1.2 Elect Director Stephen G. Butler --- For
1.3 Elect Director Kimberly A. Casiano --- For
1.4 Elect Director Edsel B. Ford II --- For
1.5 Elect Director William Clay Ford --- For
1.6 Elect Director William Clay Ford, Jr. --- For
1.7 Elect Director Irvine O. Hockaday, Jr. --- For
1.8 Elect Director Marie-Josee Kravis --- For
1.9 Elect Director Richard A. Manoogian --- For
1.10 Elect Director Ellen R. Marram --- For
1.11 Elect Director Homer A. Neal --- For
1.12 Elect Director Jorma Ollila --- For
1.13 Elect Director Carl E. Reichardt --- For
1.14 Elect Director Robert E. Rubin --- Withhold
1.15 Elect Director Nicholas V. Scheele --- For
1.16 Elect Director John L. Thornton --- For
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Increase Disclosure of Executive Against For ShrHoldr
Compensation
WPG GENERALLY SUPPORTS SHAREHOLDER
REQUESTS CALLING FOR BETTER DISCLOSURE OF
EXECUTIVE COMPENSATION.
4 Establish Other Board Committee Against For ShrHoldr
DUE TO FORD FAMILY'S SUBSTANTIAL VOTING
CONTROL OF THE COMPANY, POTENTIAL CONFLICT
OF INTERESTS MAY ARISE IN THE FUTURE. THE
COMMITTEE SUGGESTED BY THE PROPONENT MAY
SERVE AS A MECHANISM TO ENSURE THAT COMMON
SHAREHOLDERS ARE TREATED FAIRLY VIS-A-VIS
FORD FAMILY SHAREHOLDERS, SHOULD SUCH A
CONFLICT OF INTEREST ARISE.
5 Prohibit Awards to Executives Against Against ShrHoldr
6 Amend By Laws Relating to Board Independence Against For ShrHoldr
THIS PROPOSAL SENDS A STRONG MESSAGE TO
MANAGEMENT THAT ACTION NEEDS TO BE TAKEN TO
INSURE THE BOARD IS TWO-THIRDS MAJORITY
INDEPENDENT, AND WITHOUT CONFLICTS OF
INTEREST THAT ARE DERIVED FROM INSIDERS ON
THE BOARD OR THE FORD FAMILY MEMBERS.
7 Report on Greenhouse Gas Emissions Against For ShrHoldr
WPG SUPPORTS ENVIRONMENTAL REPORTING.
16
05/13/04 - A NORFOLK SOUTHERN CORP. *NSC* 655844108 03/05/04 3,400
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
05/13/04 - A PULTE HOMES INC. *PHM* 745867101 03/16/04 2,500
1 Elect Directors For For Mgmt
1.1 Elect Director Richard J. Dugas, Jr. --- For
1.2 Elect Director David N. McCammon --- For
1.3 Elect Director William J. Pulte --- For
1.4 Elect Director Francis J. Sehn --- For
1.5 Elect Director Michael E. Rossi --- For
2 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
3 Ratify Auditor Against For ShrHoldr
SHAREHOLDERS SHOULD BE GIVEN THE RIGHT TO A
NON-BINDING RATIFICATION OF THE INDEPENDENT
AUDITOR SELECTED BY THE COMPANY'S AUDIT
COMMITTEE.
05/14/04 - A ENTERGY CORP. *ETR* 29364G103 03/17/04 2,750
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Submit Severance Agreement Against For ShrHoldr
(Change-in-Control) to Shareholder Vote
WPG SUPPORTS PROPOSALS THAT ASK THE
COMPANY TO SUBMIT SEVERANCE AGREEMENT
(CHANGE-IN-CONTROL) TO SHAREHOLDER VOTE
4 Restore or Provide for Cumulative Voting Against For ShrHoldr
WPG SUPPORTS CUMULATIVE VOTING.
5 Prohibit Awards to Executives Against Against ShrHoldr
05/17/04 - A GLAXOSMITHKLINE PLC (FORMERLY GLAXO 37733W105 03/19/04 5,200
WELLCOME PLC )
MEETING FOR HOLDERS OF ADRS
1 TO RECEIVE AND ADOPT THE DIRECTORS REPORT For For Mgmt
AND THE FINANCIAL STATEMENTS (ORDINARY
RESOLUTION)
2 TO APPROVE THE REMUNERATION REPORT For For Mgmt
(ORDINARY RESOLUTION)
17
3 TO ELECT MR H LAWRENCE CULP AS A DIRECTOR For For Mgmt
(ORDINARY RESOLUTION)
4 TO ELECT MR CRISPIN DAVIS AS A DIRECTOR For For Mgmt
(ORDINARY RESOLUTION)
5 TO ELECT SIR ROBERT WILSON AS A DIRECTOR For For Mgmt
(ORDINARY RESOLUTION)
6 TO ELECT DR TACHI YAMADA AS A DIRECTOR For For Mgmt
(ORDINARY RESOLUTION)
7 TO RE-ELECT SIR CHRISTOPHER HOGG AS A For For Mgmt
DIRECTOR (ORDINARY RESOLUTION)
8 Ratify Auditors For For Mgmt
9 REMUNERATION OF AUDITORS (ORDINARY For For Mgmt
RESOLUTION)
10 AUTHORISE THE COMPANY TO MAKE DONATIONS TO For For Mgmt
EU POLITICAL ORGAN- ISATIONS AND INCUR EU
POLITICAL EXPENDITURE (SPECIAL BUSINESS)
11 DISAPPLICATION OF PRE-EMPTION RIGHTS For For Mgmt
(SPECIAL RESOLUTION)
12 AUTHORITY FOR THE COMPANY TO PURCHASE ITS For For Mgmt
OWN SHARES (SPECIAL RESOLUTION)
05/17/04 - A WATSON PHARMACEUTICALS, INC. *WPI* 942683103 03/19/04 1,800
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Review Executive Compensation Against Against ShrHoldr
05/18/04 - A THE ALLSTATE CORP. *ALL* 020002101 03/19/04 3,300
1 Elect Directors For For Mgmt
1.1 Elect Director F. Duane Ackerman --- For
1.2 Elect Director James G. Andress --- For
1.3 Elect Director Edward A. Brennan --- For
1.4 Elect Director W. James Farrell --- For
1.5 Elect Director Jack M. Greenberg --- For
18
1.6 Elect Director Ronald T. LeMay --- For
1.7 Elect Director Edward M. Liddy --- For
1.8 Elect Director J. Christopher Reyes --- For
1.9 Elect Director H. John Riley, Jr. --- For
1.10 Elect Director Joshua I. Smith --- For
1.11 Elect Director Judith A. Sprieser --- For
1.12 Elect Director Mary Alice Taylor --- For
2 Ratify Auditors For For Mgmt
3 Amend Executive Incentive Bonus Plan For For Mgmt
4 Amend Executive Incentive Bonus Plan For For Mgmt
5 Provide for Cumulative Voting Against For ShrHoldr
CUMULATIVE VOTING IS ONE OF THE CORPORATE
GOVERNANCE TOOLS THAT PROVIDES SHAREHOLDERS
ACCESS AND INFLUENCE OVER DIRECTOR
ELECTIONS. IT ENSURES THAT HOLDERS OF A
SIGNIFICANT NUMBER OF SHARES WIN BOARD
REPRESENTATION. UNDER A CUMULATIVE VOTING
POLICY, SHAREHOLDERS CAN WITHHOLD VOTES
FROM CERTAIN NOMINEES IN ORDER TO CAST
MULTIPLE VOTES FOR OTHERS. CURRENTLY
SHAREHOLDERS CAN ONLY CAST ONE VOTE FOR
EACH NOMINEE.
05/19/04 - A AMERICAN INTERNATIONAL GROUP, INC. 026874107 03/26/04 2,250
*AIG*
1 Elect Directors For For Mgmt
2 Approve Executive Incentive Bonus Plan For For Mgmt
3 Approve Non-Employee Director Stock Option For For Mgmt
Plan
4 Ratify Auditors For For Mgmt
5 Report on Political Contributions/Activities Against Against ShrHoldr
6 Divest from Tobacco Equities Against Against ShrHoldr
7 Link Executive Compensation to Predatory Against Against ShrHoldr
Lending
05/19/04 - A EVEREST RE GROUP LTD *RE* G3223R108 03/24/04 2,600
MEETING FOR HOLDERS OF ADRS
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
05/19/04 - A INTEL CORP. *INTC* 458140100 03/22/04 7,500
1 Elect Directors For For Mgmt
1.1 Elect Director Craig R. Barrett --- For
1.2 Elect Director Charlene Barshefsky --- For
1.3 Elect Director E. John P. Browne --- For
1.4 Elect Director Andrew S. Grove --- For
1.5 Elect Director D. James Guzy --- For
1.6 Elect Director Reed E. Hundt --- For
19
1.7 Elect Director Paul S. Otellini --- For
1.8 Elect Director David S. Pottruck --- For
1.9 Elect Director Jane E. Shaw --- For
1.10 Elect Director John L. Thornton --- For
1.11 Elect Director David B. Yoffie --- For
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
4 Expense Stock Options Against For ShrHoldr
WPG SUPPORTS THE EXPENSING OF STOCK
OPTIONS.
5 Limit/Prohibit Awards to Executives Against For ShrHoldr
WPG SUPPORTS PERFORMANCED BASED
COMPENSATION.
6 Performance- Based/Indexed Options Against For ShrHoldr
WPG SUPPORTS PERFORMANCED BASED
COMPENSATION.
05/20/04 - A EDISON INTERNATIONAL *EIX* 281020107 03/22/04 5,300
1 Elect Directors For For Mgmt
1.1 Elect Director John E. Bryson --- For
1.2 Elect Director France A. Cordova --- For
1.3 Elect Director Bradford M. Freeman --- For
1.4 Elect Director Bruce Karatz --- For
1.5 Elect Director Luis G. Nogales --- For
1.6 Elect Director Ronald L. Olson --- For
1.7 Elect Director James M. Rosser --- For
1.8 Elect Director Richard T. Schlosberg, III --- For
1.9 Elect Director Robert H. Smith --- For
1.10 Elect Director Thomas C. Sutton --- For
2 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
WPG SUPPORTS PROPOSALS THAT ASK THE
COMPANY TO SUBMIT SHAREHOLDER RIGHTS PLAN
(POISON PILL) TO SHAREHOLDER VOTE.
05/20/04 - A MCDONALD'S CORP. *MCD* 580135101 03/22/04 7,600
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Amend Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
4 Approve/Amend Executive Incentive Bonus Plan For For Mgmt
20
05/21/04 - A FEDERATED DEPARTMENT STORES, INC. 31410H101 04/02/04 2,500
*FD*
1 Elect Directors For Withhold Mgmt
1.1 Elect Director Sara Levinson --- Withhold
WITHHOLD VOTES FROM KARL M. VON DER HEYDEN,
JOSEPH A. PICHLER, JOSEPH NEUBAUER, AND
SARA LEVINSON FOR FAILURE TO IMPLEMENT THE
PROPOSAL TO DECLASSIFY THE COMPANY'S BOARD.
1.2 Elect Director Joseph Neubauer --- Withhold
1.3 Elect Director Joseph A. Pichler --- Withhold
1.4 Elect Director Karl M. von der Heyden --- Withhold
2 Ratify Auditors For For Mgmt
3 Amend Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
4 Declassify the Board of Directors Against For ShrHoldr
A CLASSIFIED BOARD CAN ENTRENCH MANAGEMENT
AND EFFECTIVELY PRECLUDE MOST TAKEOVER BIDS
OR PROXY CONTESTS.
05/21/04 - A THE MAY DEPARTMENT STORES CO. *MAY* 577778103 04/02/04 3,400
1 Elect Directors For Withhold Mgmt
1.1 Elect Director Eugene S. Kahn --- Withhold
WITHHOLD VOTES FROM ALL OF THE NOMINEES FOR
FAILURE TO IMPLEMENT THE SHAREHOLDER
PROPOSAL TO DECLASSIFY THE BOARD
1.2 Elect Director Helene L. Kaplan --- Withhold
1.3 Elect Director James M. Kilts --- Withhold
1.4 Elect Director Russell E. Palmer --- Withhold
1.5 Elect Director William P. Stiritz --- Withhold
2 Ratify Auditors For For Mgmt
3 Amend Executive Incentive Bonus Plan For For Mgmt
4 Amend Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
5 Declassify the Board of Directors Against For ShrHoldr
CLASSIFIED BOARDS SERVE TO ENTRENCH
MANAGEMENT AND DISCOURAGE BIDDERS BY
PREVENTING REPLACEMENT OF THE BOARD IN ONE
YEAR. IN ADDITION, SHAREHOLDERS ARE
PREVENTED FROM REMOVING BOARD MEMBERS WHO
ARE NOT ACTING IN THE BEST INTEREST OF
SHAREHOLDERS UNTIL THEIR TERM IS COMPLETED.
21
05/21/04 - A TIME WARNER INC *TWX* 887317105 03/23/04 11,700
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Adopt China Principles Against For ShrHoldr
WPG SUPPORTS CODE OF CONDUCT PROPOSALS.
4 Report on Pay Disparity Against Against ShrHoldr
05/25/04 - A JP MORGAN CHASE & CO. *JPM* 46625H100 04/02/04 7,700
1 Approve Merger Agreement For For Mgmt
2 Elect Directors For For Mgmt
3 Ratify Auditors For For Mgmt
4 Amend Executive Incentive Bonus Plan For For Mgmt
5 Adjourn Meeting For Against Mgmt
ONCE THEIR VOTES HAVE BEEN CAST, THERE IS
NO JUSTIFICATION FOR SPENDING MORE MONEY TO
CONTINUE PRESSING SHAREHOLDERS FOR MORE
VOTES.
6 Establish Term Limits for Directors Against Against ShrHoldr
7 Charitable Contributions Against Against ShrHoldr
8 Political Contributions Against Against ShrHoldr
9 Separate Chairman and CEO Positions Against Against ShrHoldr
10 Provide Adequate Disclosure for over the Against Against ShrHoldr
counter Derivatives
11 Auditor Independence Against For ShrHoldr
AS IT IS THE AUDITOR THAT ASSURES
SHAREHOLDERS OF THE ACCURACY OF A COMPANY'S
FINANCIAL STATEMENTS, IT IS VITAL THAT THE
AUDITOR BE TRULY INDEPENDENT IN ORDER TO
ENSURE THE REQUIRED OBJECTIVITY TO PAINT
A TRUE PORTRAIT OF A COMPANY'S FINANCIAL
SITUATION.
12 Submit Non-Employee Director Compensation Against Against ShrHoldr
to Vote
13 Report on Pay Disparity Against Against ShrHoldr
05/26/04 - A BANK OF AMERICA CORP. *BAC* 060505104 04/07/04 3,271
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Change Date of Annual Meeting Against Against ShrHoldr
4 Adopt Nomination Procedures for the Board Against Against ShrHoldr
5 Charitable Contributions Against Against ShrHoldr
6 Establish Independent Committee to Review Against Against ShrHoldr
Mutual Fund Policy
7 Adopt Standards Regarding Privacy and Against Against ShrHoldr
Information Security
22
05/26/04 - A CAESAR'S ENTERTAINMENT *CZR* 127687101 04/06/04 9,800
1 Elect Directors For For Mgmt
1.1 Elect Director A. Steven Crown --- For
1.2 Elect Director Gilbert L. Shelton --- For
2 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
05/26/04 - A EXXON MOBIL CORP. *XOM* 30231G102 04/05/04 12,250
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Non-Employee Director Restricted For For Mgmt
Stock Plan
4 Affirm Political Nonpartisanship Against Against ShrHoldr
5 Report on Political Contributions/Activities Against Against ShrHoldr
6 Report on Equatorial Guinea Against For ShrHoldr
WPG SUPPORTS HUMAN RIGHTS REPORTING
PROPOSALS.
7 Separate Chairman and CEO Positions Against Against ShrHoldr
8 Prohibit Awards to Executives Against Against ShrHoldr
9 Report on Stock Option Distribution by Race Against For ShrHoldr
and Gender
WPG SUPPORTS EQUAL OPPORTUNITY AND
DIVERSITY REPORTING.
10 Amend EEO Statement to Include Reference to Against For ShrHoldr
Sexual Orientation
GIVEN THE FACT THAT COMPANY'S COMPETITORS
REFERENCE SEXUAL ORIENTATION DISCRIMINATION
IN THEIR EEO STATEMENTS AND THE FACT THAT
MOBIL DID EXPLICITLY BAR THIS TYPE OF
DISCRIMINATION IN ITS EEO STATEMENT PRIOR
TO THE MERGER WITH EXXON, WE BELIEVE THAT
THE COMPANY SHOULD AMEND ITS EEO TO
EXPLICITLY PROHIBIT DISCRIMINATION BASED ON
SEXUAL ORIENTATION.
11 Report on Climate Change Research Against Against ShrHoldr
05/27/04 - A HOME DEPOT, INC. (THE) *HD* 437076102 03/29/04 6,100
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Establish Term Limits for Directors Against Against ShrHoldr
4 Submit Shareholder Rights Plan (Poison Against For ShrHoldr
Pill) to Shareholder Vote
BECAUSE POISON PILLS GREATLY ALTER THE
BALANCE OF POWER BETWEEN SHAREHOLDERS AND
MANAGEMENT, SHAREHOLDERS SHOULD BE ALLOWED
TO MAKE THEIR OWN EVALUATION OF SUCH PLANS.
5 Performance- Based/Indexed Options Against For ShrHoldr
WPG SUPPORTS PERFORMANCE-BASED
COMPENSATION.
6 Adopt ILO Based Code of Conduct Against For ShrHoldr
WPG SUPPORTS CODE OF CONDUCT PROPOSALS.
7 Submit Severance Agreement Against For ShrHoldr
(Change-in-Control) to Shareholder Vote
WPG SUPPORTS PROPOSALS THAT ASK THE
COMPANY TO SUBMIT SEVERANCE AGREEMENT
(CHANGE-IN-CONTROL) TO SHAREHOLDER VOTE.
8 Require Affirmative Vote of the Majority of Against Against ShrHoldr
the Shares to Elect Directors
23
05/27/04 - A NEXTEL COMMUNICATIONS, INC. *NXTL* 65332V103 04/02/04 5,600
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Amend Employee Stock Purchase Plan For For Mgmt
06/02/04 - A GENERAL MOTORS CORP. *GM* 370442105 04/05/04 2,300
1 Elect Directors For For Mgmt
2 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
3 Prohibit Awards to Executives Against Against ShrHoldr
4 Prohibit Awards to Executives Against Against ShrHoldr
5 Separate Chairman and CEO Positions Against Against ShrHoldr
6 Limit Composition of Committees to Against For ShrHoldr
Independent Directors
WPG SUPPORTS PROPOSALS THAT SEEK TO LIMIT
COMPOSITION OF COMMITTEES TO INDEPENDENT
DIRECTORS.
7 Report on Greenhouse Gas Emissions Against For ShrHoldr
WPG SUPPORTS ENVIRONMENTAL REPORTING.
8 Submit Severance Agreement Against For ShrHoldr
(Change-in-Control) to Shareholder Vote
WPG SUPPORTS PROPOSALS THAT ASK THE
COMPANY TO SUBMIT SEVERANCE AGREEMENT
(CHANGE-IN-CONTROL) TO SHAREHOLDER VOTE.
9 Establish Executive and Director Stock Against For ShrHoldr
Ownership Guidelines
WPG SUPPORTS HOLDING PERIODS.
06/04/04 - A WAL-MART STORES, INC. *WMT* 931142103 04/05/04 5,450
1 Elect Directors For For Mgmt
1.1 Elect Director James W. Breyer --- For
1.2 Elect Director M. Michele Burns --- For
1.3 Elect Director Thomas M. Coughlin --- For
1.4 Elect Director David D. Glass --- For
1.5 Elect Director Roland A. Hernandez --- For
1.6 Elect Director Dawn G. Lepore --- For
1.7 Elect Director John D. Opie --- For
1.8 Elect Director J. Paul Reason --- For
1.9 Elect Director H. Lee Scott, Jr. --- For
1.10 Elect Director Jack C. Shewmaker --- For
1.11 Elect Director Jose H. Villarreal --- For
1.12 Elect Director John T. Walton --- For
1.13 Elect Director S. Robson Walton --- For
1.14 Elect Director Christopher J. Williams --- For
24
2 Approve Stock Option Plan For For Mgmt
3 Approve Stock Option Plan For For Mgmt
4 Amend Employee Stock Purchase Plan For For Mgmt
5 Ratify Auditors For Against Mgmt
IN THIS INSTANCE, THE NON-AUDITING
CONSULTING FEES ARE MORE THAN 25 PERCENT OF
TOTAL FEES PAID.
6 Separate Chairman and CEO Positions Against Against ShrHoldr
7 Prepare Sustainability Report Against For ShrHoldr
IN THIS CASE, THAT WAL-MART HAS SOME
DISCUSSION OF ISSUES RELATED TO
SUSTAINABILITY AVAILABLE ON THE COMPANY
WEBSITE AND THROUGH ITS OTHER INITIATIVES,
IT DOES NOT SPECIFICALLY ADDRESS A NUMBER
OF KEY, ENVIRONMENT, HEALTH AND SAFETY,
AND ECONOMIC ISSUES IN DETAIL. WHILE WE
COMMEND THE COMPANY FOR THE STEPS IT HAS
TAKEN TO ADDRESS SOME ISSUES OF CONCERN,
ALSO SUSTAINABILITY REPORTING IS BECOMING
THE NORM AT MANY LARGE COMPANIES AND THAT
WAL-MART HAS CONTINUED TO FACE CONCERNS
RELATED TO CERTAIN EMPLOYMENT AND LABOR
ISSUES IN ITS OPERATIONS. AS SUCH, MORE
COMPREHENSIVE REPORTING ON SUSTAINABILITY
ISSUES WILL BENEFIT WAL-MART, AS THIS WILL
HELP THE COMPANY TO BETTER ASSESS THE
FINANCIAL RISKS THAT SUCH ISSUES POSE TO
ITS BUSINESS AND THE COMPANY'S FUTURE
GROWTH. FURTHER, CONSIDERING THE SCOPE OF
THIS PROPOSAL AND THE FACT THAT SOME OF
THIS INFORMATION IS ALREADY AVAILABLE ON
PARTS OF THE COMPANY'S WEBSITE, IT DOES NOT
APPEAR THAT CONSOLIDATION OF THIS DATA INTO
A SUSTAINABILITY REPORT WOULD PROVE OVERLY
BURDENSOME OR COSTLY TO SHAREHOLDERS.
8 Report on Stock Option Distribution by Race Against For ShrHoldr
and Gender
WPG SUPPORTS EQUAL OPPORTUNITY AND DIVERSITY
PROPOSALS.
9 Report on Genetically Modified Organisms Against Against ShrHoldr
(GMO)
10 Prepare Diversity Report Against For ShrHoldr
WPG SUPPORTS EQUAL OPPORTUNITY AND DIVERSITY
PROPOSALS.
11 Submit Executive Compensation to Vote Against For ShrHoldr
PAYING ABOVE-MARKET INTEREST RATES ON
DEFERRED COMPENSATION IS NOT "BEST PRACTICE"
AND RESULTS IN AN ADDITIONAL EXPENSE TO
SHAREHOLDERS. ACCORDING TO AN EXECUTIVE
BENEFITS SURVEY (2003 RESULTS) PUBLISHED BY
CLARK CONSULTING, ONLY SEVEN PERCENT OF THE
227 PARTICIPATING COMPANIES PROVIDED A BONUS
RATE ABOVE THEIR BASE EARNINGS RATE. IN
ADDITION, THE INCREMENT FORMULA FOR LONG
TERM PARTICIPATING IN THE PLAN IS UNIQUE AND
QUITE GENEROUS. SHAREHOLDERS MAY BENEFIT
FROM HAVING THE OPPORTUNITY TO MAKE THEIR
OWN EVALUATION OF THE DEFERRED COMPENSATION
PACKAGES, ESPECIALLY WHEN SUCH PLANS CONTAIN
UNIQUE FEATURES BEYOND BEST PRACTICE.
25
06/08/04 - A PRUDENTIAL FINANCIAL INC *PRU* 744320102 04/12/04 2,300
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Cease Charitable Contributions Against Against ShrHoldr
4 Declassify the Board of Directors Against For ShrHoldr
A CLASSIFIED BOARD CAN ENTRENCH MANAGEMENT
AND EFFECTIVELY PRECLUDE MOST TAKEOVER BIDS
OR PROXY CONTESTS.
06/24/04 - A BEST BUY CO., INC. *BBY* 086516101 04/26/04 2,000
1 Elect Directors For For Mgmt
2 Ratify Auditors For For Mgmt
3 Approve Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
06/24/04 - A EBAY INC. *EBAY* 278642103 04/26/04 900
1 Elect Directors For For Mgmt
2 Amend Omnibus Stock Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
3 Amend Stock Option Plan For Against Mgmt
TOTAL DILUTION GREATER THAN 12%.
4 Increase Authorized Common Stock For Against Mgmt
EXCESSIVE INCREASE WITHOUT EXPLANATION.
5 Ratify Auditors For For Mgmt
6 Expense Stock Options Against For ShrHoldr
WPG SUPPORTS THE EXPENSING OF STOCK
OPTIONS.
06/28/04 - S WELLPOINT HEALTH NETWORKS INC. *WLP* 94973H108 05/10/04 1,500
1 Approve Merger Agreement For For Mgmt
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Account - WPG CORE BOND FUND
- --------------------------------------------------------------------------------
NO VOTING RECORDS
- --------------------------------------------------------------------------------
Account - WPG INTERMEDIATE MUNICIPAL BOND FUND
- --------------------------------------------------------------------------------
NO VOTING RECORDS
- --------------------------------------------------------------------------------
27
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.
WEISS, PECK & GREER FUNDS TRUST
- -------------------------------
(COMPANY NAME)
BY: /S/ DANIEL VANDIVORT
--------------------------------
PRINCIPAL EXECUTIVE OFFICER
DATE: 8/20/04
---------
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