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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-00933
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CGM CAPITAL DEVELOPMENT FUND
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(Exact name of registrant as specified in charter)
One International Place, Boston, MA 02110
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(Address of principal executive offices) (Zip code)
Barry N. Hurwitz, Esq.
Bingham McCutchen LLP, 150 Federal St., Boston, MA 02110
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(Name and address of agent for service)
Registrant's telephone number, including area code: 617-737-3225
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Date of fiscal year end: 12/31
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Date of reporting period: 7/1/05 -- 6/30/06
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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, 450 Fifth Street,
NW, Washington, DC 20549-0609. The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. Section 3507.
PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS
SEC 2451 (4-03) THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
CGM Capital Development Fund
File No. 811-933
Proposed
By
Issuer For
or Was or
Meeting Matter Security Vote Actual Against
Issuer Ticker CUSIP Date Voted On Holder Cast? Vote Mgt.
------ ------ ----- ---- -------- ------ ----- ---- ----
America West Holdings
Corporation AWA 023657208 9/13/05 1. Adopt the Agreement and Issuer Yes For For
Plan of Merger, dated as of
May 19, 2005, as amended,
among US Airways Group,
Inc., America West Holdings
Corporation and Barbell
Acquisition Corp. and
approve the merger
contemplated thereby.
Berry Petroleum Company BRY 085789105 5/17/06 1. Elect nine directors: Issuer Yes For For
1. J. Bryant,
2. R. Bush III,
3. W. Busch,
4. S. Cropper,
5. J. Gaul,
6. R. Heinemann,
7. T. Jamieson,
8. J. Keller and
9. M. Young
2. Proposal to amend the Issuer Yes For For
Company's Restated
Certificate of Incorporation
increasing from 50,000,000
to 100,000,000 the number of
authorized shares of Class A
common stock, $.01 par value
and increasing from
1,500,000 to 3,000,000 the
number of authorized shares
of Class B stock, $.01 par
value
Cooper Cameron Corporation CAM 216640102 5/5/06 1. Elect three directors: Issuer Yes For For
1. Nathan M. Avery,
2. C. Baker Cunningham and
3. Sheldon R. Erikson
2. Ratify the appointment of Issuer Yes For For
Ernst & Young as independent
registered public
accountants for 2006
3. Vote on change of Issuer Yes For For
company's name and change in
the certificate of
incorporation
4. Vote on amendment to 2005 Issuer Yes Against Against
Equity Incentive Plan
Eagle Materials Inc. EXP 26969P108 4/11/06 1. Amend Restated Issuer Yes For For
Certificate of Incorporation
to reclassify existing
common stock and class B
common stock into a single
new class of common stock
Gerdau Ameristeel Corporation GNA 37373P105 5/10/06 A. Elect nine directors: Issuer Yes For For
1. Phillip E. Casey,
2. Kenneth W. Harrigan,
3. Joseph J. Heffernan,
4. Jorge G. Johannpeter,
5. F. C. G. Johannpeter,
6. Andre B. Johannpeter,
7, J. Spencer Lanthier,
8. Richard McCoy and
9. Arthur Scace
B. Appoint Issuer Yes For For
PricewaterhouseCoopers, LLP,
chartered accountants, as
auditors of the firm and
authorize the directors to
fix the auditors'
remuneration
C. Approve the continuance Issuer Yes For For
of Gerdau Ameristeel under
the Canada Business
Corporations Act, and any
amendments or variations
thereto that may come before
the meeting
D. Approve a new by-law for Issuer Yes For For
Gerdau Ameristeel effective
upon the continuance in
accordance with the
requirements of the Canada
Business Corporations Act,
and any amendments or
variations thereto that may
come before the meeting
Hansen Natural Corporation HANS 411310105 6/1/06 1. Approve proposal to Issuer Yes For For
approve an amendment to the
company's Certificate of
Incorporation to increase
the number of authorized
shares of common stock from
30,000,000 to 120,000,000
2. Approve proposal to Issuer Yes Against Against
approve an amendment to the
company's 2001 Stock Option
Plan to increase the number
of shares of common stock
reserved for issuance
thereunder by 1,500,000
shares.
Hartmarx Corporation HMX 417119104 4/20/06 1. Elect nine directors: Issuer Yes For For
1. Michael F. Anthony,
2. Jeffrey A. Cole,
3. James P. Dollive,
4. Raymond F. Farley,
5. Elbert O. Hand,
6. Dipak C. Jain,
7. Homi B. Patel,
8. Michael B. Rohlfs and
9. Stuart L. Scott
2. Adopt the 2006 Incentive Issuer Yes For For
Stock Plan
3. Adopt the 2006 Stock Issuer Yes For For
Compensation Plan for
Non-Employee Directors
4. Ratify the appointment of Issuer Yes For For
PricewaterhouseCoopers LLP
as independent auditors of
the firm
Helix Energy Solutions
Group, Inc. HELX 42330P107 5/8/06 1. Elect two directors: Issuer Yes For For
William Porter, III and
William L. Transier
Helmerich & Payne, Inc. HP 423452101 3/1/06 1. Elect three Directors Issuer Yes For For
comprising the class of
Directors of the Company
known as the "Third Class"
for a three-year term
expiring in 2009:
1. W. H. Helmerich,III,
2. Glenn A. Cox and
3. Edward B. Rust, Jr.
2. Approve the Helmerich & Issuer Yes Against Against
Payne, Inc. 2005 Long-Term
Incentive Plan
IPSCO Inc. IPS 462622101 5/4/06 1. Elect 13 directors: Issuer Yes For For
1. Michael A. Grandin,
2. Juanita H. Hinshaw,
3. Burton M. Joyce,
4. Jack D. Michaels,
5. Bernard M. Michel,
6. Allan S. Olson,
7. Arthur R. Price,
8. Richard G. Sim,
9. David S. Sutherland,
10. Roger E. Tetrault,
11. Gordon G. Thiessen, O.C.,
12. D. Murray Wallace and
13. John B. Zaozirny, Q.C.
2. Reappoint Ernst & Young Issuer Yes For For
LLP as auditor of the
corporation at a
remuneration to be fixed by
the directors
3. Approve the Senior Issuer Yes For For
Officer Annual Incentive
Plan
The Middleby Corporation MIDD 596278101 5/12/06 1. Elect eight directors: Issuer Yes For For
1. Selim A. Bassoul,
2. Robert B. Lamb,
3. Ryan Levenson,
4. John R. Miller III,
5. Gordon O'Brien,
6. Philip G. Putnam,
7. Sabin C. Streeter and
8. Robert L. Yohe
2. Ratify the selection of Issuer Yes For For
Deloitte & Touche LLP as
independent auditor for
fiscal year ended December
30, 2006
3. Approve The Middleby Issuer Yes For For
Corporation Executive
Officer Incentive Plan
Newfield Exploration Company NFX 651290108 5/4/06 1. Elect 13. directors: Issuer Yes For For
1. David A. Trice,
2. David F. Schaible,
3. Howard H. Newman,
4. Thomas G Ricks,
5. Dennis R. Hendrix,
6. C. E. (Chuck) Shultz,
7. Philip J. Burguieres,
8. John Randolph Kemp III,
9. Michael Lacey,
10 Joseph H. Netherland,
11. J. Terry Strange,
12. Pamela J. Gardner and
13. Juanita F. Romans
2. Approve First Amendment Issuer Yes For For
to Newfield Exploration
Company 2000 Non-Employee
Director Restricted Stock
Plan
3. Approve Second Amendment Issuer Yes For For
to Newfield Exploration
Company 2001 Employee Stock
Purchase Plan
4. Ratify the appointment of Issuer Yes For For
PricewaterhouseCoopers LLP
as independent accountants
NS Group, Inc. NSS 628916108 5/10/06 1. Elect six directors: Issuer Yes For For
1. Clifford R. Borland,
2. David A. B. Brown,
3. Patrick J. B. Donnelly,
4. George A. Helland, Jr.,
5. Rene J. Robichaud and
6. John F. Schwarz
2. Ratify the appointment of Issuer Yes For For
Deloitte & Touche LLP as the
company's independent
registered public accounting
firm for 2006
Oil States International, Inc. OIS 678026105 5/18/06 1. Elect three directors: Issuer Yes For For
1. S. James Nelson, Jr.,
2. Gary L. Rosenthal and
3. William T. Van Kleef
2. Ratify the selection of Issuer Yes For For
Ernst & Young LLP as the
auditors of the company for
the current year
The Pantry, Inc. PTRY 698657103 3/30/06 1. Elect eight Directors: Issuer Yes For For
1. Peter J. Sodini,
2. Thomas M. Murname,
3. Paul L. Brunswick,
4. Bryan E. Monkhouse,
5. Robert F. Bernstock,
6. Edwin J. Holman,
7. Terry L. McElroy and
8. Mark D. Miles
2. Ratify the appointment of Issuer Yes For For
Deloitte & Touche LLP as
independent public
accountants for the company
and its subsidiaries for the
fiscal year ending September
28, 2006.
Pogo Producing Company PPP 730448107 4/25/06 1. Elect three directors: Issuer Yes For For
1. Jerry M. Armstrong,
2. Gerrit W. Gong and
3. Carroll W. Suggs
2. Ratify the appointment of Issuer Yes For For
PricewaterhouseCoopers LLP
as independent registered
public accounting firm to
audit the financial
statements of the company
for 2006
Sotheby's Holdings, Inc. BID 835898107 5/8/06 1. Elect nine directors: Issuer Yes For For
1. Michael Blakenham,
2. Steven B. Dodge,
3. The Duke of Devonshire,
4. Allen Questrom,
5. William F. Ruprecht,
6. Michael I. Sovern,
7. Donald M. Stewart,
8. Robert S. Taubman and
9. Robin G. Woodhead
2. Adopt the Agreement and Issuer Yes For For
Plan of Merger, dated March
31, 2006, relating to the
reincorporation of Sotheby's
Holdilng, Inc. in Delaware
3. Approve a provision in Issuer Yes For For
the surviving corporation's
Certificate of Incorporation
to provide that shareholder
action may only be taken at
a duly called meeting of
shareholders
4. Approve a provision in Issuer Yes For For
the surviving corporation's
Certificate of Incorporation
regarding who may call
special shareholder meetings
5. Approve Sotheby's Issuer Yes Against Against
Holdings, Inc. Amended and
Restated Restricted Stock
Plan
6. Ratify the appointment of Issuer Yes For For
Deloitte & Touche LLP as
independent auditors for
2006
Steel Dynamics, Inc. STLD 858119100 5/18/06 1. Elect ten directors: Issuer Yes For For
1. Keith E. Busse,
2. Mark D. Millett,
3. Richard P. Teets, Jr.,
4. John C. Bates,
5. Dr. Frank D. Byrne,
6. Paul B. Edgerley,
7. Richard J. Freeland,
8. Dr. Jurgen Kolb,
9. James C. Marcuccilli and
10. Joseph D. Ruffolo
2. Approve the audit Issuer Yes For For
committee's appointment of
Ernst & Young LLP as Steel
Dynamics, Inc.'s independent
registered public accounting
firm for the year 2006
3. Approve the Steel Issuer Yes For For
Dynamics, Inc. 2006 Equity
Incentive Plan
Trinity Industries, Inc. TRN 896522109 5/15/06 1. Elect eight directors: Issuer Yes For For
1. Rhys J. Best,
2. David W. Biegler,
3. Ronald J. Gafford,
4. Clifford J. Grum,
5. Ronald W. Haddock,
6. Jess T. Hay,
7. Diana S. Natalicio and
8. Timothy R. Wallace
2. Approve ratification of Issuer Yes For For
Ernst & Young LLP as
independent registered
public accounting firm for
fiscal year ending December
31, 2006
The Wet Seal, Inc. WTSLA 961840105 6/6/06 1. Elect 8 directors: Issuer Yes For For
1. Jonathan Duskin,
2. Sidney M. Horn,
3. Harold D. Kahn,
4. Kenneth M. Reiss,
5. Alan Siegel,
6. Joel N. Waller,
7. Henry D. Winterstern and
8. Michael Zimmerman
2. Ratify the appointment of Issuer Yes For For
Deloitte & Touche LLP as
independent auditors for
fiscal year 2006
Whiting Petroleum Corporation WLL 966387102 5/9/06 1. Elect two directors: Issuer Yes For For
James J. Volker and Graydon
D. Hubbard
2. Ratify the appointment of Issuer Yes For For
Deloitte & Touche LLP as the
independent registered
public accounting firm
SIGNATURES
[See General Instruction F]
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) CGM CAPITAL DEVELOPMENT FUND
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By (Signature and Title)* Robert L. Kemp, President
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Date 8/28/06
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* Print the name and title of each signing officer under his or her signature.