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 811-02631
Chestnut Street Exchange Fund
(Exact name of registrant as specified in charter)
103 Bellevue Parkway
Wilmington, DE 19809
(Address of principal executive offices) (Zip code)
Edward J. Roach
Chestnut Street Exchange Fund
103 Bellevue Parkway
Wilmington, DE 19809
(Name and address of agent for service)
Registrant's telephone number, including area code: (302)-791-1112
Date of fiscal year end: December 31
Date of reporting period: July 1, 2010 - June 30, 2011
Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (Sections 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. Section 3507.
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2010 TO JUNE 30, 2011
ORACLE CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
ORCL 06-Oct-10 USA 68389X105 Annual 09-Aug-10
CUSIP: 68389X105
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Jeffrey S. Berg Mgmt For Withhold
1.2 Elect Director H. Raymond Bingham Mgmt For Withhold
1.3 Elect Director Michael J. Boskin Mgmt For Withhold
1.4 Elect Director Safra A. Catz Mgmt For For
1.5 Elect Director Bruce R. Chizen Mgmt For For
1.6 Elect Director George H. Conrades Mgmt For For
1.7 Elect Director Lawrence J. Ellison Mgmt For For
1.8 Elect Director Hector Garcia-Molina Mgmt For Withhold
1.9 Elect Director Jeffrey O. Henley Mgmt For For
1.10 Elect Director Mark V. Hurd Mgmt For For
1.11 Elect Director Donald L. Lucas Mgmt For For
1.12 Elect Director Naomi O. Seligman Mgmt For Withhold
2 Approve Executive Incentive Bonus Plan Mgmt For For
3 Amend Omnibus Stock Plan Mgmt For For
4 Ratify Auditors Mgmt For For
5 Establish Board Committee on Sustainability SH Against Against
6 Require a Majority Vote for the Election of SH Against Against
Directors
7 Stock Retention/Holding Period SH Against Against
THE PROCTER & GAMBLE COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
PG 12-Oct-10 USA 742718109 Annual 13-Aug-10
CUSIP: 742718109
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Angela F. Braly Mgmt For For
2 Elect Director Kenneth I. Chenault Mgmt For For
3 Elect Director Scott D. Cook Mgmt For For
4 Elect Director Rajat K. Gupta Mgmt For For
5 Elect Director Robert A. Mcdonald Mgmt For For
6 Elect Director W. James Mcnerney, Jr. Mgmt For For
7 Elect Director Johnathan A. Rodgers Mgmt For For
8 Elect Director Mary A. Wilderotter Mgmt For For
9 Elect Director Patricia A. Woertz Mgmt For For
10 Elect Director Ernesto Zedillo Mgmt For For
11 Ratify Auditors Mgmt For For
12 Provide for Cumulative Voting SH Against Against
SARA LEE CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
SLE 28-Oct-10 USA 803111103 Annual 07-Sep-10
CUSIP: 803111103
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Christopher B. Begley Mgmt For For
2 Elect Director Crandall C. Bowles Mgmt For For
3 Elect Director Virgis W. Colbert Mgmt For For
4 Elect Director James S. Crown Mgmt For For
5 Elect Director Laurette T. Koellner Mgmt For For
6 Elect Director Cornelis J.A. Van Lede Mgmt For For
7 Elect Director Dr. John Mcadam Mgmt For For
8 Elect Director Sir Ian Prosser Mgmt For For
9 Elect Director Norman R. Sorensen Mgmt For For
10 Elect Director Jeffrey W. Ubben Mgmt For For
11 Elect Director Jonathan P. Ward Mgmt For For
12 Ratify Auditors Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
MICROSOFT CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
MSFT 16-Nov-10 USA 594918104 Annual 03-Sep-10
CUSIP: 594918104
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Steven A. Ballmer Mgmt For For
2 Elect Director Dina Dublon Mgmt For For
3 Elect Director William H. Gates III Mgmt For For
4 Elect Director Raymond V. Gilmartin Mgmt For For
5 Elect Director Reed Hastings Mgmt For For
6 Elect Director Maria M. Klawe Mgmt For For
7 Elect Director David F. Marquardt Mgmt For For
8 Elect Director Charles H. Noski Mgmt For For
9 Elect Director Helmut Panke Mgmt For For
10 Ratify Auditors Mgmt For For
11 Amend Bylaws to Establish a Board Committee on SH Against Against
Environmental Sustainability
CISCO SYSTEMS, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
CSCO 18-Nov-10 USA 17275R102 Annual 20-Sep-10
CUSIP: 17275R102
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Carol A. Bartz Mgmt For For
2 Elect Director M. Michele Burns Mgmt For For
3 Elect Director Michael D. Capellas Mgmt For For
4 Elect Director Larry R. Carter Mgmt For For
5 Elect Director John T. Chambers Mgmt For For
6 Elect Director Brian L. Halla Mgmt For For
7 Elect Director John L. Hennessy Mgmt For Against
8 Elect Director Richard M. Kovacevich Mgmt For For
9 Elect Director Roderick C. Mcgeary Mgmt For For
10 Elect Director Michael K. Powell Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
11 Elect Director Arun Sarin Mgmt For For
12 Elect Director Steven M. West Mgmt For For
13 Elect Director Jerry Yang Mgmt For For
14 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
15 Ratify Auditors Mgmt For For
16 Amend Bylaws to Establish a Board Committee on SH Against Against
Environmental Sustainability
17 Report on Internet Fragmentation SH Against Against
18 Adopt Policy Prohibiting Sale of Products in SH Against Against
China if they
Contribute to Human Rights Abuses
AIR PRODUCTS AND CHEMICALS, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
APD 27-Jan-11 USA 009158106 Annual 30-Nov-10
CUSIP: 009158106
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Chadwick C. Deaton Mgmt For For
1.2 Elect Director Michael J. Donahue Mgmt For For
1.3 Elect Director Ursula O. Fairbairn Mgmt For For
1.4 Elect Director Lawrence S. Smith Mgmt For For
2 Ratify Auditors Mgmt For For
3 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
4 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
5 Approve Executive Incentive Bonus Plan Mgmt For For
EMERSON ELECTRIC CO.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
EMR 01-Feb-11 USA 291011104 Annual 23-Nov-10
CUSIP: 291011104
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director D.N. Farr Mgmt For For
1.2 Elect Director H. Green Mgmt For For
1.3 Elect Director C.A. Peters Mgmt For For
1.4 Elect Director J.W. Prueher Mgmt For For
1.5 Elect Director R.L. Ridgway Mgmt For For
2 Amend Omnibus Stock Plan Mgmt For For
3 Approve Stock Option Plan Mgmt For For
4 Ratify Auditors Mgmt For For
5 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
6 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
7 Report on Sustainability SH Against Against
CABOT MICROELECTRONICS CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
CCMP 08-Mar-11 USA 12709P103 Annual 14-Jan-11
CUSIP: 12709P103
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Robert J. Birgeneau Mgmt For For
1.2 Elect Director Steven V. Wilkinson Mgmt For For
1.3 Elect Director Bailing Xia Mgmt For For
2 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
3 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
4 Ratify Auditors Mgmt For For
CABOT CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
CBT 10-Mar-11 USA 127055101 Annual 14-Jan-11
CUSIP: 127055101
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Juan Enriquez-Cabot Mgmt For For
1.2 Elect Director Gautam S. Kaji Mgmt For For
1.3 Elect Director Henry F. McCance Mgmt For For
1.4 Elect Director Patrick M. Prevost Mgmt For For
2 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
3 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
4 Approve Executive Incentive Bonus Plan Mgmt For For
5 Ratify Auditors Mgmt For For
HEWLETT-PACKARD COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
HPQ 23-Mar-11 USA 428236103 Annual 24-Jan-11
CUSIP: 428236103
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director M. L. Andreessen Mgmt For For
2 Elect Director L. Apotheker Mgmt For For
3 Elect Director L.T. Babbio, Jr. Mgmt For For
4 Elect Director S.M. Baldauf Mgmt For For
5 Elect Director S. Banerji Mgmt For For
6 Elect Director R.L. Gupta Mgmt For For
7 Elect Director J.H. Hammergren Mgmt For For
8 Elect Director R.J. Lane Mgmt For For
9 Elect Director G.M. Reiner Mgmt For For
10 Elect Director P.F. Russo Mgmt For For
11 Elect Director D. Senequier Mgmt For For
12 Elect Director G.K. Thompson Mgmt For For
13 Elect Director M.C. Whitman Mgmt For For
14 Ratify Auditors Mgmt For For
15 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
16 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
17 Approve Qualified Employee Stock Purchase Mgmt For For
Plan
18 Amend Executive Incentive Bonus Plan Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
THE WALT DISNEY COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
DIS 23-Mar-11 USA 254687106 Annual 24-Jan-11
CUSIP: 254687106
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Susan E. Arnold Mgmt For Against
2 Elect Director John E. Bryson Mgmt For For
3 Elect Director John S. Chen Mgmt For Against
4 Elect Director Judith L. Estrin Mgmt For For
5 Elect Director Robert A. Iger Mgmt For For
6 Elect Director Steven P. Jobs Mgmt For Against
7 Elect Director Fred H. Langhammer Mgmt For Against
8 Elect Director Aylwin B. Lewis Mgmt For Against
9 Elect Director Monica C. Lozano Mgmt For For
10 Elect Director Robert W. Matschullat Mgmt For For
11 Elect Director John E. Pepper, Jr. Mgmt For Against
12 Elect Director Sheryl Sandberg Mgmt For For
13 Elect Director Orin C. Smith Mgmt For Against
14 Ratify Auditors Mgmt For For
15 Approve Omnibus Stock Plan Mgmt For For
16 Advisory Vote to Ratify Named Executive Mgmt For Against
Officers' Compensation
17 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
18 Prohibit Retesting Performance Goals SH Against For
SCHLUMBERGER LIMITED
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
SLB 06-Apr-11 Netherlands 806857108 Annual 16-Feb-11
Antilles
CUSIP: 806857108
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Philippe Camus Mgmt For For
1.2 Elect Director Peter L.S. Currie Mgmt For For
1.3 Elect Director Andrew Gould Mgmt For For
1.4 Elect Director Tony Isaac Mgmt For For
1.5 Elect Director K. Vaman Kamath Mgmt For For
1.6 Elect Director Nikolay Kudryavtsev Mgmt For For
1.7 Elect Director Adrian Lajous Mgmt For For
1.8 Elect Director Michael E. Marks Mgmt For For
1.9 Elect Director Elizabeth Moler Mgmt For For
1.10 Elect Director Leo Rafael Reif Mgmt For For
1.11 Elect Director Tore I. Sandvold Mgmt For For
1.12 Elect Director Henri Seydoux Mgmt For For
1.13 Elect Director Paal Kibsgaard Mgmt For For
1.14 Elect Director Lubna S. Olayan Mgmt For For
2 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
Research Notes: [RU-M0550-REF] REFER
3 Advisory Vote on Say on Pay Frequency Mgmt Two Years Three Years
Research Notes: [RU-M0552-REF] REFER
4 Increase Authorized Common Stock Mgmt For For
5 Adopt Plurality Voting for Contested Mgmt For For
Election of Directors
Research Notes: [RU-M0267-REF] REFER
6 Adopt and Approve Financials and Dividends Mgmt For For
7 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For
MOODY'S CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
MCO 19-Apr-11 USA 615369105 Annual 25-Feb-11
CUSIP: 615369105
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Robert R. Glauber Mgmt For Against
2 Ratify Auditors Mgmt For For
3 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
4 Advisory Vote on Say on Pay Frequency Mgmt Three Three
Years Years
5 Require Independent Board Chairman SH Against For
6 Elect Director Jorge A. Bermudez Mgmt For For
HANESBRANDS INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
HBI 26-Apr-11 USA 410345102 Annual 17-Feb-11
CUSIP: 410345102
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Lee A. Chaden Mgmt For For
1.2 Elect Director Bobby J. Griffin Mgmt For For
1.3 Elect Director James C. Johnson Mgmt For For
1.4 Elect Director Jessica T. Mathews Mgmt For For
1.5 Elect Director J. Patrick Mulcahy Mgmt For For
1.6 Elect Director Ronald L. Nelson Mgmt For For
1.7 Elect Director Richard A. Noll Mgmt For For
1.8 Elect Director Andrew J. Schindler Mgmt For For
1.9 Elect Director Ann E. Ziegler Mgmt For For
2 Ratify Auditors Mgmt For For
3 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
4 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
INTERNATIONAL BUSINESS MACHINES CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
IBM 26-Apr-11 USA 459200101 Annual 25-Feb-11
CUSIP: 459200101
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director A. J. P. Belda Mgmt For For
2 Elect Director W. R. Brody Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
3 Elect Director K. I. Chenault Mgmt For For
4 Elect Director M. L. Eskew Mgmt For For
5 Elect Director S. A. Jackson Mgmt For Against
6 Elect Director A. N. Liveris Mgmt For For
7 Elect Director W. J. McNerney, Jr. Mgmt For For
8 Elect Director J. W. Owens Mgmt For For
9 Elect Director S. J. Palmisano Mgmt For For
10 Elect Director J. E. Spero Mgmt For For
11 Elect Director S. Taurel Mgmt For For
12 Elect Director L. H. Zambrano Mgmt For For
13 Ratify Auditors Mgmt For For
14 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
15 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
16 Provide for Cumulative Voting SH Against Against
17 Report on Political Contributions SH Against Against
18 Report on Lobbying Expenses SH Against Against
AMERIPRISE FINANCIAL, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
AMP 27-Apr-11 USA 03076C106 Annual 28-Feb-11
CUSIP: 03076C106
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Siri S. Marshall Mgmt For For
2 Elect Director W. Walker Lewis Mgmt For For
3 Elect Director William H. Turner Mgmt For For
4 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
5 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
6 Ratify Auditors Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
GENERAL ELECTRIC COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
GE 27-Apr-11 USA 369604103 Annual 28-Feb-11
CUSIP: 369604103
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director W. Geoffrey Beattie Mgmt For For
2 Elect Director James I. Cash, Jr. Mgmt For For
3 Elect Director Ann M. Fudge Mgmt For For
4 Elect Director Susan Hockfield Mgmt For For
5 Elect Director Jeffrey R. Immelt Mgmt For For
6 Elect Director Andrea Jung Mgmt For For
7 Elect Director Alan G. Lafley Mgmt For For
8 Elect Director Robert W. Lane Mgmt For For
9 Elect Director Ralph S. Larsen Mgmt For For
10 Elect Director Rochelle B. Lazarus Mgmt For For
11 Elect Director James J. Mulva Mgmt For For
12 Elect Director Sam Nunn Mgmt For For
13 Elect Director Roger S. Penske Mgmt For For
14 Elect Director Robert J. Swieringa Mgmt For For
15 Elect Director James S. Tisch Mgmt For Against
16 Elect Director Douglas A. Warner III Mgmt For For
17 Ratify Auditors Mgmt For For
18 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
19 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
20 Provide for Cumulative Voting SH Against Against
21 Performance-Based Equity Awards SH Against Against
22 Withdraw Stock Options Granted to SH Against Against
Executive Officers
23 Report on Climate Change Business Risk SH Against Against
24 Report on Animal Testing and Plans for SH Against Against
Reduction
THE COCA-COLA COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
KO 27-Apr-11 USA 191216100 Annual 28-Feb-11
CUSIP: 191216100
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Herbert A. Allen Mgmt For For
2 Elect Director Ronald W. Allen Mgmt For Against
3 Elect Director Howard G. Buffett Mgmt For For
4 Elect Director Barry Diller Mgmt For For
5 Elect Director Evan G. Greenberg Mgmt For For
6 Elect Director Alexis M. Herman Mgmt For For
7 Elect Director Muhtar Kent Mgmt For For
8 Elect Director Donald R. Keough Mgmt For For
9 Elect Director Maria Elena Lagomasino Mgmt For For
10 Elect Director Donald F. McHenry Mgmt For For
11 Elect Director Sam Nunn Mgmt For For
12 Elect Director James D. Robinson III Mgmt For For
13 Elect Director Peter V. Ueberroth Mgmt For For
14 Elect Director Jacob Wallenberg Mgmt For Against
15 Elect Director James B. Williams Mgmt For For
16 Ratify Auditors Mgmt For For
17 Amend Executive Incentive Bonus Plan Mgmt For For
18 Amend Restricted Stock Plan Mgmt For For
19 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
20 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
21 Publish Report on Chemical Bisphenol-A (BPA) SH Against Against
JOHNSON & JOHNSON
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
JNJ 28-Apr-11 USA 478160104 Annual 01-Mar-11
CUSIP: 478160104
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Mary Sue Coleman Mgmt For For
2 Elect Director James G. Cullen Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
3 Elect Director Ian E.L. Davis Mgmt For For
4 Elect Director Michael M.e. Johns Mgmt For For
5 Elect Director Susan L. Lindquist Mgmt For For
6 Elect Director Anne M. Mulcahy Mgmt For For
7 Elect Director Leo F. Mullin Mgmt For For
8 Elect Director William D. Perez Mgmt For For
9 Elect Director Charles Prince Mgmt For For
10 Elect Director David Satcher Mgmt For For
11 Elect Director William C. Weldon Mgmt For For
12 Ratify Auditors Mgmt For For
13 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
14 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
15 Adopt Policy to Restrain Pharmaceutical SH Against Against
Price Increases
16 Amend EEO Policy to Prohibit SH Against Against
Discrimination Based on
Applicant's Health Status
17 Adopt Animal-Free Training Methods SH Against Against
ABBOTT LABORATORIES
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
ABT 29-Apr-11 USA 002824100 Annual 02-Mar-11
CUSIP: 002824100
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Robert J. Alpern Mgmt For For
1.2 Elect Director Roxanne S. Austin Mgmt For For
1.3 Elect Director W. James Farrell Mgmt For For
1.4 Elect Director H. Laurance Fuller Mgmt For For
1.5 Elect Director Edward M. Liddy Mgmt For For
1.6 Elect Director Phebe N. Novakovic Mgmt For For
1.7 Elect Director William A. Osborn Mgmt For For
1.8 Elect Director Samuel C. Scott III Mgmt For For
1.9 Elect Director Glenn F. Tilton Mgmt For For
1.10 Elect Director Miles D. White Mgmt For For
2 Ratify Auditors Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
3 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
4 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
5 Adopt Policy on Pharmaceutical Price SH Against Against
Restraint
AMERICAN EXPRESS COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
AXP 02-May-11 USA 025816109 Annual 04-Mar-11
CUSIP: 025816109
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Daniel F. Akerson Mgmt For For
1.2 Elect Director Charlene Barshefsky Mgmt For For
1.3 Elect Director Ursula M. Burns Mgmt For For
1.4 Elect Director Kenneth I. Chenault Mgmt For For
1.5 Elect Director Peter Chernin Mgmt For For
1.6 Elect Director Theodore J. Leonsis Mgmt For For
1.7 Director Jan Leschly Mgmt For For
1.8 Director Richard C. Levin Mgmt For For
1.9 Director Richard A. McGinn Mgmt For For
1.10 Director Edward D. Miller Mgmt For For
1.11 Director Steven S. Reinemund Mgmt For For
1.12 Director Robert D. Walter Mgmt For For
1.13 Director Ronald A. Williams Mgmt For For
2 Ratify Auditors Mgmt For For
3 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
4 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
5 Provide for Cumulative Voting SH Against Against
6 Amend Bylaws-- Call Special Meetings SH Against Against
BAXTER INTERNATIONAL INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
BAX 03-May-11 USA 071813109 Annual 07-Mar-11
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
CUSIP: 071813109
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Wayne T. Hockmeyer Mgmt For For
2 Elect Director Robert L. Parkinson, Jr. Mgmt For For
3 Elect Director Thomas T. Stallkamp Mgmt For For
4 Elect Director Albert P.L. Stroucken Mgmt For For
5 Ratify Auditors Mgmt For For
6 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
7 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
8 Approve Qualified Employee Stock Purchase Mgmt For For
Plan
9 Approve Omnibus Stock Plan Mgmt For For
10 Amend Certificate of Incorporation to Mgmt For For
Declassify the Board
and Reduce Supermajority Voting Requirement
WELLS FARGO & COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
WFC 03-May-11 USA 949746101 Annual 04-Mar-11
CUSIP: 949746101
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Election Director John D. Baker II Mgmt For For
2 Election Director John S. Chen Mgmt For For
3 Election Director Lloyd H. Dean Mgmt For For
4 Election Director Susan E. Engel Mgmt For For
5 Election Director Enrique Hernandez, Jr. Mgmt For For
6 Election Director Donald M. James Mgmt For For
7 Election Director Mackey J. McDonald Mgmt For For
8 Election Director Cynthia H. Milligan Mgmt For For
9 Elect Director Nicholas G. Moore Mgmt For For
10 Elect Director Philip J. Quigley Mgmt For For
11 Elect Director Judith M. Runstad Mgmt For For
12 Elect Director Stephen W. Sanger Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
13 Elect Director John G. Stumpf Mgmt For For
14 Elect Director an G. Swenson Mgmt For For
15 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
16 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
17 Ratify Auditors Mgmt For For
18 Amend Articles/Bylaws/Charter -- Call SH Against Against
Special Meetings
19 Provide for Cumulative Voting SH Against Against
20 Require Independent Board Chairman SH Against Against
21 Advisory Vote to Ratify Directors' SH Against Against
Compensation
22 Require Audit Committee Review and Report SH Against Against
on Controls Related to Loans, Foreclosure and
Securitizations
PEPSICO, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
PEP 04-May-11 USA 713448108 Annual 04-Mar-11
CUSIP: 713448108
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director S.L. Brown Mgmt For For
2 Elect Director I.M. Cook Mgmt For For
3 Elect Director D. Dublon Mgmt For For
4 Elect Director V.J. Dzau Mgmt For For
5 Elect Director R.L. Hunt Mgmt For For
6 Elect Director A. Ibarguen Mgmt For For
7 Elect Director A.C. Martinez Mgmt For For
8 Elect Director I.K. Nooyi Mgmt For For
9 Elect Director S.P. Rockefeller Mgmt For For
10 Elect Director J.J. Schiro Mgmt For For
11 Elect Director L.G. Trotter Mgmt For For
12 Elect Director D. Vasella Mgmt For For
13 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
14 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
15 Ratify Auditors Mgmt For For
16 Adopt Majority Voting for Uncontested Mgmt For For
Election of Directors
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
17 Amend Articles/Bylaws/Charter -- Call SH Against Against
Special Meetings
18 Report on Political Contributions SH Against Against
UNION PACIFIC CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
UNP 05-May-11 USA 907818108 Annual 28-Feb-11
CUSIP: 907818108
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director Andrew H. Card, Jr. Mgmt For For
1.2 Elect Director Erroll B. Davis, Jr. Mgmt For For
1.3 Elect Director Thomas J. Donohue Mgmt For Withhold
1.4 Elect Director Archie W. Dunham Mgmt For For
1.5 Elect Director Judith Richards Hope Mgmt For For
1.6 Elect Director Charles C. Krulak Mgmt For For
1.7 Elect Director Michael R. McCarthy Mgmt For For
1.8 Elect Director Michael W. McConnell Mgmt For For
1.9 Elect Director Thomas F. McLarty III Mgmt For For
1.10 Elect Director Steven R. Rogel Mgmt For For
1.11 Elect Director Jose H. Villarreal Mgmt For For
1.12 Elect Director James R. Young Mgmt For For
2 Ratify Auditors Mgmt For For
3 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
4 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
5a Reduce Supermajority Vote Requirement Mgmt For For
Relating to Preference Rights of Preferred
Stock
5b Reduce Supermajority Vote Requirement Mgmt For For
Relating to Removal of Directors
5c Reduce Supermajority Vote Requirement Mgmt For For
Relating to Amendments to Authorized Capital
Stock
6 Require Independent Board Chairman SH Against Against
VERIZON COMMUNICATIONS INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
VZ 05-May-11 USA 92343V104 Annual 07-Mar-11
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
CUSIP: 92343V104
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Richard L. Carrion Mgmt For For
2 Elect Director M. Frances Keeth Mgmt For For
3 Elect Director Robert W. Lane Mgmt For For
4 Elect Director Lowell C. Mcadam Mgmt For For
5 Elect Director Sandra O. Moose Mgmt For For
6 Elect Director Joseph Neubauer Mgmt For For
7 Elect Director Donald T. Nicolaisen Mgmt For For
8 Elect Director Clarence Otis, Jr. Mgmt For For
9 Elect Director Hugh B. Price Mgmt For For
10 Elect Director Ivan G. Seidenberg Mgmt For For
11 Elect Director Rodney E. Slater Mgmt For For
12 Elect Director John W. Snow Mgmt For For
13 Ratify Auditors Mgmt For For
14 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
15 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
16 Disclose Prior Government Service SH Against Against
17 Performance-Based Equity Awards SH Against Against
18 Restore or Provide for Cumulative Voting SH Against Against
19 Amend Articles/Bylaws/Charter -- Call SH Against Against
Special Meetings
3M COMPANY
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
MMM 10-May-11 USA 88579Y101 Annual 11-Mar-11
CUSIP: 88579Y101
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Linda G. Alvarado Mgmt For For
2 Elect Director George W. Buckley Mgmt For For
3 Elect Director Vance D. Coffman Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
4 Elect Director Michael L. Eskew Mgmt For For
5 Elect Director W. James Farrell Mgmt For For
6 Elect Director Herbert L. Henkel Mgmt For For
7 Elect Director Edward M. Liddy Mgmt For For
8 Elect Director Robert S. Morrison Mgmt For For
9 Elect Director Aulana L. Peters Mgmt For Against
10 Elect Director Robert J. Ulrich Mgmt For For
11 Ratify Auditors Mgmt For For
12 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
13 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
14 Report on Political Contributions SH Against Against
HOSPIRA, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
HSP 10-May-11 USA 441060100 Annual 14-Mar-11
CUSIP: 441060100
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Irving W. Bailey, II Mgmt For For
2 Elect Director F. Michael Ball Mgmt For For
3 Elect Director Jacque J. Sokolov Mgmt For For
4 Reduce Supermajority Vote Requirement to Mgmt For For
Remove Directors for Cause
5 Reduce Supermajority Vote Requirement for Mgmt For For
By-law Amendments
6 Reduce Supermajority Vote Requirement for Mgmt For For
Certificate of Incorporation Amendments
7 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
8 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
9 Ratify Auditors Mgmt For For
BANK OF AMERICA CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
BAC 11-May-11 USA 060505104 Annual 16-Mar-11
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
CUSIP: 060505104
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Mukesh D. Ambani Mgmt For For
2 Elect Director Susan S. Bies Mgmt For For
3 Elect Director Frank P. Bramble, Sr. Mgmt For For
4 Elect Director Virgis W. Colbert Mgmt For For
5 Elect Director Charles K. Gifford Mgmt For For
6 Elect Director Charles O. Holliday, Jr. Mgmt For For
7 Elect Director D. Paul Jones, Jr. Mgmt For For
8 Elect Director Monica C. Lozano Mgmt For For
9 Elect Director Thomas J. May Mgmt For For
10 Elect Director Brian T. Moynihan Mgmt For For
11 Elect Director Donald E. Powell Mgmt For For
12 Elect Director Charles O. Rossotti Mgmt For For
13 Elect Director Robert W. Scully Mgmt For For
14 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
15 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
16 Ratify Auditors Mgmt For For
17 Disclose Prior Government Service SH Against Against
18 Provide Right to Act by Written Consent SH Against For
19 Require Audit Committee Review and Report SH Against Against
on Controls Related to Loans, Foreclosure and
Securitizations
20 Report on Lobbying Expenses SH Against Against
21 Report on Collateral in Derivatives Trading SH Against Against
22 Restore or Provide for Cumulative Voting SH Against Against
23 Claw-back of Payments under Restatements SH Against Against
24 Prohibit Certain Relocation Benefits to SH Against Against
Senior Executives
COMCAST CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
CMCSA 11-May-11 USA 20030N101 Annual 08-Mar-11
CUSIP: 20030N101
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director S. Decker Anstrom Mgmt For For
1.2 Elect Director Kenneth J. Bacon Mgmt For For
1.3 Elect Director Sheldon M. Bonovitz Mgmt For For
1.4 Elect Director Edward D. Breen Mgmt For For
1.5 Elect Director Joseph J. Collins Mgmt For For
1.6 Elect Director J. Michael Cook Mgmt For For
1.7 Elect Director Gerald L. Hassell Mgmt For For
1.8 Elect Director Jeffrey A. Honickman Mgmt For For
1.9 Elect Director Eduardo G. Mestre Mgmt For For
1.10 Elect Director Brian L. Roberts Mgmt For For
1.11 Elect Director Ralph J. Roberts Mgmt For For
1.12 Elect Director Judith Rodin Mgmt For Withhold
2 Ratify Auditors Mgmt For For
3 Approve Nonqualified Employee Stock Mgmt For For
Purchase Plan
4 Amend Restricted Stock Plan Mgmt For For
5 Amend Stock Option Plan Mgmt For For
6 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
7 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
8 Provide for Cumulative Voting SH Against Against
9 Require Independent Board Chairman SH Against Against
PHILIP MORRIS INTERNATIONAL INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
PM 11-May-11 USA 718172109 Annual 15-Mar-11
CUSIP: 718172109
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Harold Brown Mgmt For For
2 Elect Director Mathis Cabiallavetta Mgmt For For
3 Elect Director Louis C. Camilleri Mgmt For For
4 Elect Director J. Dudley Fishburn Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
5 Elect Director Jennifer Li Mgmt For For
6 Elect Director Graham Mackay Mgmt For For
7 Elect Director Sergio Marchionne Mgmt For For
8 Elect Director Lucio A. Noto Mgmt For For
9 Elect Director Carlos Slim Helu Mgmt For For
10 Elect Director Stephen M. Wolf Mgmt For For
11 Ratify Auditors Mgmt For For
12 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
13 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
14 Report on Effect of Marketing Practices on SH Against Against
the Poor
15 Require Independent Board Chairman SH Against Against
KOHL'S CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
KSS 12-May-11 USA 500255104 Annual 09-Mar-11
CUSIP: 500255104
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Peter Boneparth Mgmt For For
2 Elect Director Steven A. Burd Mgmt For For
3 Elect Director John F. Herma Mgmt For For
4 Elect Director Dale E. Jones Mgmt For For
5 Elect Director William S. Kellogg Mgmt For For
6 Elect Director Kevin Mansell Mgmt For For
7 Elect Director Frank V. Sica Mgmt For For
8 Elect Director Peter M. Sommerhauser Mgmt For For
9 Elect Director Stephanie A. Streeter Mgmt For For
10 Elect Director Nina G. Vaca Mgmt For For
11 Elect Director Stephen E. Watson Mgmt For For
12 Ratify Auditors Mgmt For For
13 Reduce Supermajority Vote Requirement Mgmt For For
Relating to Director
Elections
14 Reduce Supermajority Vote Requirement Mgmt For For
15 Amend Executive Incentive Bonus Plan Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
16 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
17 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
18 Provide Right to Act by Written Consent SH Against Against
19 Adopt Policy on Succession Planning SH Against Against
JPMORGAN CHASE & CO.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
JPM 17-May-11 USA 46625h100 Annual 18-Mar-11
CUSIP: 46625H100
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Crandall C. Bowles Mgmt For For
2 Elect Director Stephen B. Burke Mgmt For For
3 Elect Director David M. Cote Mgmt For For
4 Elect Director James S. Crown Mgmt For For
5 Elect Director James Dimon Mgmt For For
6 Elect Director Ellen V. Futter Mgmt For For
7 Elect Director William H. Gray, III Mgmt For For
8 Elect Director Laban P. Jackson, Jr. Mgmt For For
9 Elect Director David C. Novak Mgmt For For
10 Elect Director Lee R. Raymond Mgmt For For
11 Elect Director William C. Weldon Mgmt For For
12 Ratify Auditors Mgmt For For
13 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
14 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
15 Amend Omnibus Stock Plan Mgmt For For
16 Affirm Political Non-Partisanship SH Against Against
17 Provide Right to Act by Written Consent SH Against For
18 Report on Loan Modifications SH Against Against
19 Report on Political Contributions SH Against Against
20 Institute Procedures to Prevent SH Against Against
Investments in Companies
that Contribute to Genocide or Crimes
Against Humanity
21 Require Independent Board Chairman SH Against Against
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
ALTRIA GROUP, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
MO 19-May-11 USA 02209S103 Annual 28-Mar-11
CUSIP: 02209S103
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Elizabeth E. Bailey Mgmt For For
2 Elect Director Gerald L. Baliles Mgmt For For
3 Elect Director John T. Casteen III Mgmt For For
4 Elect Director Dinyar S. Devitre Mgmt For For
5 Elect Director Thomas F. Farrell II Mgmt For For
6 Elect Director Thomas W. Jones Mgmt For For
7 Elect Director George Munoz Mgmt For For
8 Elect Director Nabil Y. Sakkab Mgmt For For
9 Elect Director Michael E. Szymanczyk Mgmt For For
10 Ratify Auditors Mgmt For For
11 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
12 Advisory Vote on Say on Pay Frequency Mgmt None Three Years
13 Cease Production of Flavored Tobacco Products SH Against Against
INTEL CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
INTC 19-May-11 USA 458140100 Annual 21-Mar-11
CUSIP: 458140100
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Charlene Barshefsky Mgmt For For
2 Elect Director Susan L. Decker Mgmt For For
3 Elect Director John J. Donahoe Mgmt For For
4 Elect Director Reed E. Hundt Mgmt For For
5 Elect Director Paul S. Otellini Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
6 Elect Director James D. Plummer Mgmt For For
7 Elect Director David S. Pottruck Mgmt For For
8 Elect Director Jane E. Shaw Mgmt For For
9 Elect Director Frank D. Yeary Mgmt For For
10 Elect Director David B. Yoffie Mgmt For For
11 Ratify Auditors Mgmt For For
12 Amend Omnibus Stock Plan Mgmt For For
13 Amend Qualified Employee Stock Purchase Mgmt For For
Plan
14 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
15 Advisory Vote on Say on Pay Frequency Mgmt None Three Years
SAFEWAY INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
SWY 19-May-11 USA 786514208 Annual 21-Mar-11
CUSIP: 786514208
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Steven A. Burd Mgmt For For
2 Elect Director Janet E. Grove Mgmt For For
3 Elect Director Mohan Gyani Mgmt For For
4 Elect Director Paul Hazen Mgmt For For
5 Elect Director Frank C. Herringer Mgmt For For
6 Elect Director Kenneth W. Oder Mgmt For For
7 Elect Director T. Gary Rogers Mgmt For For
8 Elect Director Arun Sarin Mgmt For For
9 Elect Director Michael S. Shannon Mgmt For For
10 Elect Director William Y. Tauscher Mgmt For For
11 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
12 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
13 Approve Omnibus Stock Plan Mgmt For For
14 Amend Executive Incentive Bonus Plan Mgmt For For
15 Ratify Auditors Mgmt For For
16 Provide for Cumulative Voting SH Against Against
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
CHECK POINT SOFTWARE TECHNOLOGIES LTD.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
CPW 24-May-11 Israel M22465104 Annual 14-Apr-11
CUSIP: M22465104
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Gil Shwed as Director Mgmt For For
1.2 Elect Marius Nacht as Director Mgmt For For
1.3 Elect Jerry Ungerman as Director Mgmt For For
1.4 Elect Dan Propper as Director Mgmt For For
1.5 Elect David Rubner as Director Mgmt For For
1.6 Elect Tal Shavit as Director Mgmt For For
2.1 Elect Ray Rothrock as External Director Mgmt For For
2.2 Elect Irwin Federman as External Director Mgmt For For
3 Approve Auditors and Authorize Board to Fix Mgmt For For
Their Remuneration
4 Amend Compensation of Directors Mgmt For For
5 Approve Grant of Options to Executive Mgmt For Against
Director
Research Notes: [RU-M5300-003] Total number of
shares reserved pursuant to plan exceeds
typical market standards.
KRAFT FOODS INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
KFT 24-May-11 USA 50075N104 Annual 16-Mar-11
CUSIP: 50075N104
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Ajaypal S. Banga Mgmt For For
2 Elect Director Myra M. Hart Mgmt For Against
3 Elect Director Peter B. Henry Mgmt For For
4 Elect Director Lois D. Juliber Mgmt For Against
5 Elect Director Mark D. Ketchum Mgmt For Against
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
6 Elect Director Richard A. Lerner Mgmt For Against
7 Elect Director Mackey J. McDonald Mgmt For For
8 Elect Director John C. Pope Mgmt For Against
9 Elect Director Fredric G. Reynolds Mgmt For For
10 Elect Director Irene B. Rosenfeld Mgmt For For
11 Elect Director J.F. Van Boxmeer Mgmt For For
12 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
13 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
14 Amend Non-Employee Director Omnibus Stock Mgmt For For
Plan
15 Ratify Auditors Mgmt For For
MEDCO HEALTH SOLUTIONS, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
MHS 24-May-11 USA 58405U102 Annual 28-Mar-11
CUSIP: 58405U102
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Howard W. Barker, Jr. Mgmt For For
2 Elect Director John L. Cassis Mgmt For For
3 Elect Director Michael Goldstein Mgmt For For
4 Elect Director Charles M. Lillis Mgmt For For
5 Elect Director Myrtle S. Potter Mgmt For For
6 Elect Director William L. Roper Mgmt For For
7 Elect Director David B. Snow, Jr. Mgmt For For
8 Elect Director David D. Stevens Mgmt For For
9 Elect Director Blenda J. Wilson Mgmt For For
10 Ratify Auditors Mgmt For For
11 Reduce Supermajority Vote Requirement Mgmt For For
12 Amend Omnibus Stock Plan Mgmt For For
13 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
14 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
15 Stock Retention/Holding Period SH Against Against
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
MERCK & CO., INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
MRK 24-May-11 USA 58933Y105 Annual 25-Mar-11
CUSIP: 58933Y105
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Leslie A. Brun Mgmt For For
2 Elect Director Thomas R. Cech Mgmt For For
3 Elect Director Richard T. Clark Mgmt For For
4 Elect Director Kenneth C. Frazier Mgmt For For
5 Elect Director Thomas H. Glocer Mgmt For For
6 Elect Director Steven F. Goldstone Mgmt For For
7 Elect Director William B. Harrison. Jr. Mgmt For For
8 Elect Director Harry R. Jacobson Mgmt For For
9 Elect Director William N. Kelley Mgmt For For
10 Elect Director C. Robert Kidder Mgmt For For
11 Elect Director Rochelle B. Lazarus Mgmt For For
12 Elect Director Carlos E. Represas Mgmt For For
13 Elect Director Patricia F. Russo Mgmt For For
14 Elect Director Thomas E. Shenk Mgmt For For
15 Elect Director Anne M. Tatlock Mgmt For For
16 Elect Director Craig B. Thompson Mgmt For For
17 Elect Director Wendell P. Weeks Mgmt For For
18 Elect Director Peter C. Wendell Mgmt For For
19 Ratify Auditors Mgmt For For
20 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
21 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
EXXON MOBIL CORPORATION
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
XOM 25-May-11 USA 30231G102 Annual 06-Apr-11
CUSIP: 30231G102
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1.1 Elect Director M.J. Boskin Mgmt For For
1.2 Elect Director P. Brabeck-Letmathe Mgmt For For
1.3 Elect Director L.R. Faulkner Mgmt For For
1.4 Elect Director J.S. Fishman Mgmt For For
1.5 Elect Director K.C. Frazier Mgmt For For
1.6 Elect Director W.W. George Mgmt For For
1.7 Elect Director M.C. Nelson Mgmt For For
1.8 Elect Director S.J. Palmisano Mgmt For For
1.9 Elect Director S.S. Reinemund Mgmt For For
1.10 Elect Director R.W. Tillerson Mgmt For For
1.11 Elect Director E.E. Whitacre, Jr. Mgmt For For
2 Ratify Auditors Mgmt For For
3 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
4 Advisory Vote on Say on Pay Frequency Mgmt Three Three Years
Years
5 Require Independent Board Chairman SH Against Against
6 Report on Political Contributions SH Against Against
7 Amend EEO Policy to Prohibit Discrimination SH Against Against
based on Sexual
Orientation and Gender Identity
8 Adopt Policy on Human Right to Water SH Against Against
9 Report on Environmental Impact of Oil Sands SH Against Against
Operations in
Canada
10 Report on Environmental Impacts of Natural SH Against Against
Gas Fracturing
11 Report on Energy Technologies Development SH Against Against
12 Adopt Quantitative GHG Goals for Products SH Against Against
and Operations
THE HOME DEPOT, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
HD 02-Jun-11 USA 437076102 Annual 04-Apr-11
CUSIP: 437076102
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director F. Duane Ackerman Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
2 Elect Director Francis S. Blake Mgmt For For
3 Elect Director Ari Bousbib Mgmt For For
4 Elect Director Gregory D. Brenneman Mgmt For For
5 Elect Director J. Frank Brown Mgmt For For
6 Elect Director Albert P. Carey Mgmt For For
7 Elect Director Armando Codina Mgmt For Against
8 Elect Director Bonnie G. Hill Mgmt For For
9 Elect Director Karen L. Katen Mgmt For For
10 Elect Director Ronald L. Sargent Mgmt For For
11 Ratify Auditors Mgmt For For
12 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
13 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
14 Provide Right to Act by Written Consent Mgmt For For
15 Restore or Provide for Cumulative Voting SH Against Against
16 Amend Articles/Bylaws/Charter -- Call SH Against Against
Special Meetings
17 Prepare Employment Diversity Report SH Against Against
18 Adopt Proxy Statement Reporting on SH Against Against
Political Contributions
and Advisory Vote
WAL-MART STORES, INC.
TICKER MEETING DATE COUNTRY SECURITY ID MEETING TYPE RECORD DATE
WMT 03-Jun-11 USA 931142103 Annual 06-Apr-11
CUSIP: 931142103
Vote
Proponent Mgmt Rec Instruction
--------- -------- -----------
1 Elect Director Aida M. Alvarez Mgmt For For
2 Elect Director James W. Breyer Mgmt For For
3 Elect Director M. Michele Burns Mgmt For For
4 Elect Director James I. Cash, Jr. Mgmt For For
5 Elect Director Roger C. Corbett Mgmt For For
6 Elect Director Douglas N. Daft Mgmt For For
7 Elect Director Michael T. Duke Mgmt For For
8 Elect Director Gregory B. Penner Mgmt For For
9 Elect Director Steven S Reinemund Mgmt For For
VOTE SUMMARY REPORT
Report was run from: 7/1/10 to 6/30/11 (ISS LOGO)
10 Elect Director H. Lee Scott, Jr. Mgmt For For
11 Elect Director Arne M. Sorenson Mgmt For For
12 Elect Director Jim C. Walton Mgmt For For
13 Elect Director S. Robson Walton Mgmt For For
14 Elect Director Christopher J. Williams Mgmt For For
15 Elect Director Linda S. Wolf Mgmt For For
16 Ratify Auditors Mgmt For For
17 Advisory Vote to Ratify Named Executive Mgmt For For
Officers' Compensation
18 Advisory Vote on Say on Pay Frequency Mgmt One Year Three Years
19 Amend EEO Policy to Prohibit Discrimination SH Against Against
based on Gender Identity
20 Report on Political Contributions SH Against Against
21 Amend Articles/Bylaws/Charter -- Call Special SH Against Against
Meetings
22 Require Suppliers to Produce Sustainability SH Against Against
Reports
23 Report on Climate Change Business Risks SH Against Against
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 Chestnut Street Exchange Fund
By (Signature and Title)* /s/ Edward J. Roach
--------------------------------------
Edward J. Roach, President & Treasurer
(Principal Executive Officer)
Date 8/10/11
* Print the name and title of each signing officer under his or her
signature.