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FORM N-PX
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Annual Report of Proxy voting Record of Registered Management Investment Company
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Investment Company Act file number: 811-01528
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Bruce Fund, Inc. (Exact name of registrant as specified in charter:) Registrant's telephone number, including area code:
312-236-9160
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20 North Wacker Drive, Suite 2414, Chicago, IL 60606
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(Address of principal executive offices) (Zip Code) Date of fiscal year end:
30-Jun
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Robert B. Bruce 20 N. Wacker Drive, Suite 2414, Chicago, IL 60606
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(Name and address of agent for service) Date of reporting period:
7/1/04-6/30/05
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Shareholder Description of the Matter Proposed
By: Vote:
Ticker Cusip Name Meeting Matter Voted On Management (M) Yes(Y) For, Against
Date Shareholders (S) No(N) or Abstain
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SOLI 83422R106 Solitario Resources 06/23/05 Election of Directors M Y For
Coporation Ratifications of Appointment
of Independent Registered
Public Accountant
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HGRD 42218Q102 Health Grades, Inc. 06/22/05 Election of Directors M Y For
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ASGRE 02364L109 America Service 06/15/05 Election of Directors M Y For
Group, Inc.
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ICGE 46059C205 Internet Capital 06/10/05 Election of Directors M Y For
Group, Inc.
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Ratification of Appointment
of Independent Registered
Public Accountant M Y For
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Approval of the 2005
Omnibus Equity Compensation
Plan M Y Against
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Approval to issue more than
20% of the company's
outstanding common stock
upon conversion of the note
as payment for interest
under the notes. M Y Against
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RGX 5040K109 Radiologix, Inc. 06/02/05 Election of Directors M Y For
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Ratification of the
appointment of Ernst &
Young LLP as the company's
independent registered
public aMcounting firm for
2005. M Y For
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IBAS 450732102 Ibasis, Inc. 05/26/05 Election of Directors M Y For
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Proposal to amend 1997 stock
incentive plan M Y For
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Proposal to ratify and appoint
Delotte & Touche LLP as
Independent Auditors M Y For
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ELN 284131208 Elan Corporation. 05/26/05 To receive and consider the
financial statements for the
year ended December 31, 2004
together with the reports of
directors and auditors thereon. M Y For
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To re-elect Dr. Alan Gillespie
who retires from the Board by
rotation as a director of the
company. M Y For
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To re-elect Ms. Ann Maynard Gary
who retires from the Board by
rotation as a director of the
company. M Y For
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To re-elect Mr. Kieran McGowan
who retires from the Board by
rotation as a director of the
company. M Y For
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To authorize the directors to
fix the remuneration of the
auditors. M Y For
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To authorize the directors to
issue securities. M Y For
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To authorize the disapplication
of pre-emption rights on the
allotment of up to 40 million
shares for cash. M Y For
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To authorize the company to make
market purchases of own shares. M Y For
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To set the re-issue price range
for treasury shares. M Y For
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RPRN 76026W208 Reptron
Electronics, Inc. 05/26/05 Election of Directors M Y For
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QLTI 746927102 QLT, Inc. 05/25/05 Election of Directors M Y For
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To appoint Deloitte & Touche
LLP as independent auditors and
to authorize the directors to
fix the remuneration M Y For
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To fix the number of directors
for the ensuing year at ten M Y For
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To confirm and approve the
shareholder rights plan
agreement, as amended and
restated, between QLT and
computershare trust company
of Canada, as rrights agent. M Y For
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To remove the application of
the pre-existing company
provisions under the new
business corporations act
(British Columbia). M Y For
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To delete a series A, B, C,
and D first preference shares
from the notice of articles and
delete the rights and
restrictions attached to the
series A, B, C and D first
preference shares. M Y For
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To approve the deletion and
cancellation of the existing
articles of QLT and the
adoption of new articles of QLT. M Y For
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To (A) amend the new articles
to reduce the level of approval
required from 3/4 to 2/3 for
both (i) special resolutions
and (II) separate special
resolutions of A class or
series and (B) amend the
existing special rights and
restrictions attaching to the
first preference shares to
reduce the level of approcal
for special resolutions from
3/4 to 2/3 M Y Against
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ONEI 682505102 Oneida, LTD. 05/25/05 Election of Directors M Y For
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Proposal to approve the
amendment to the Oneida LTD
certificate of incorporation
to reduce the minimum required
size of the Board of Directors
from nine to five directors. M Y For
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Proposal to approve the
amendment to the Oneida LTD
certificate of incorporation
to increase to 100,000,000 the
number of authorized shares of
common stock. M Y For
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Proposal to approve the
amendment to the Oneida LTD
certificate of incorporation to
increase to 10,000,000 the number
of authorized shares of series
preferred. M Y For
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ARGN 03070L300 Amerigon Inc. 05/19/05 Election of Directors M Y For
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Proposal to change Amerigon
Incorporated's state of
incorporation from California
to Michigan by merger into a
wholly owned subsidiary. M Y For
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Proposal to amend Amerigon
Incorporated's amended and
restated 1997 stock incentive
plan to (A) increase options
automatically granted to non-
employee directors upon inital
election to the Board and each
year thereafter, and (B)
eliminate the limitation on
shares that may be delivered
pursuant to options granted
that qualify as incentive
stock options M Y For
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TWI 88830M102 Titan
International, Inc. 05/19/05 Election of Directors M Y For
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Approval of the Titan
International Inc. 2005 equity
incentive plan. M Y For
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Ratification of independent
registered public accounting
firm to ratify the selection
of Pricewaterhousecoopers LLP
as the independent registered
public accounting firm for 2005. M Y For
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SEPR 817315104 Sepracor Inc. 05/19/05 Election of Directors M Y For
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To approve an amendment to our
2000 stock incentive plan
increasing from 8,000,000 to
9,500,000 the number of shares
of our common stock reserved
for the issuance under the
2000 plan. M Y For
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To ratify the selection of
Pricewaterhousecoopers LLP as
our independent registered
public accounting firm for the
current fiscal year. M Y For
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SERO 817523103 Serologicals Corp. 05/11/05 Election of Directors M Y For
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To approve the 2005 incentive
plan M Y For
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To amend the amended and
restated certificate of
incorporation of the
corporation to increase the
number of authorized shares of
common stock from 50,000,000
to 115,000,000. M Y For
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To ratify the appointment of
independent auditors for the
fiscal year ended January 1,
2006. M Y For
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DAR 237266101 Darling
International, Inc. 05/11/05 Election of Directors M Y For
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Approval of 2004 Omnibus
Incentive Plan M Y For
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ABSSF 00927V200 Airboss of America
Corp. 05/04/05 Election of Directors M Y For
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In respect to the appointment
of KPMG LLP, Chartered
Accountants, as auditors of the
Company and the authorization
of the directors to fix their
remuneration as described in the
Management Information Circular
dated March 21, 2005. M Y For
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In respect to the resolution
authorizing the amendment to
the stock option plan of the
Company. M Y For
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PBIZ 74267D203 Private
Business, Inc. 05/04/05 Election of Directors M Y For
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In their discretion, on such
other matters as may properly
come before the meeting. M Y For
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RLI 749607107 RLI Corp. 05/05/05 Election of Directors M Y For
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Approval of RLI Corp. omnibus
stock plan M Y For
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Ratify the appointment of
KPMG LLP as the company's
independent registered public
accounting firm. M Y For
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DRTK 26658Q102 Duratek, Inc. 05/05/05 Election of Directors M Y For
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PFE 717081103 Pfizer, Inc. 04/28/05 Election of Directors M Y For
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A proposal to ratify the
appointment of KPMG LLP as
independent registered public
accounting firm for 2005. M Y For
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Shareholder proposal relating
to term limits for directors Shareholders N Against
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Shareholder proposal requesting
a report on increasing access to
pfizer products Shareholders N Against
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Shareholder proposal relating
to importation of prescription
drugs. Shareholders N Against
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Shareholder proposal relating
to political contributions Shareholders N For
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Shareholder proposal relating
to product availability in
Canada. Shareholders N Against
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Shareholder proposal relating
to the separation of the roles
of chair and CEO and access to
pharmaceutical products Shareholders N Against
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MRK 589331107 Merck & Co., Inc. 04/26/05 Election of Directors M Y For
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Ratification of the appointment
of the Company's Independent
Registered Public Accounting
Firm for 2005 M Y For
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Stockholder proposal concerning
stock option awards Shareholders N For
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Stockholder proposal concerning
subjecting non-deductible
executive compensation to
shareholder vote Shareholders N Against
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Stockholder proposal concerning
elimination of animal-based test
methods Shareholders N Against
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Stockholder proposal concerning
separating the roles of Board
Chair and CEO Shareholders N Abstain
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Stockholder proposal concerning
availability of company products
and Canadian wholesalers. Shareholders N Against
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Stockholder proposal concerning
us of shareholder resources for
political purposes. Shareholders N For
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Stockholder proposal concerning
a report related to the Global
HIV/AIDS-TB-Malaria Pandemics Shareholders N For
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ASLC 04543M107 Assisted Living
Concepts, Inc. 01/31/05 To approve and adopt the plan of
merger and acquisition agreement,
dated as of November 4, 2004, by
and among assisted living concepts
Inc. and Extendicare Health
Services, Inc. and to approve the
merger contemplated thereby. M Y For
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To grant authority to the
proxyholders to vote in their sole
discretion with respect to the
approval of any proposal to
postpone or adjourn the special
meeting of stockholders to a later
date for a reasonable business
purpose, including to solicit
additional proxies in favor of
proposal 1 if there are
insufficient votes for approval
of proposal 1. M Y For
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GAN 363127101 Gainsco, Inc. 01/18/05 The GMSP exchange agreement
proposal M Y For
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The stallings investment
agreement proposal M Y For
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The REIS investment agreement
proposal M Y For
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The Stallings employment
agreement proposal M Y For
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The REIS employment agreement
proposal M Y For
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The Anderson amendment proposal M Y For
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The adjournments proposal M Y For
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ARD 040049108 Arena Resources,
Inc. 12/21/04 Election of Directors M Y For
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Amendment of stock option plan:
to amend the stock option plan to
increase the number of shares of
common stock subject to the plan
from 1,000,000 to 1,500,000. and
to provide the administrators of
the plan the discretion to
accelerate the vesting of
outstanding stock options M Y For
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DANKY 236277109 Danka Business
Systems PLC 12/07/04 Re-Election of Directors M Y For
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To Re-appoint the auditors and
authorize the Board of Directors
or a duly appointed committee
thereof, to fix their remuneration M Y For
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To authorize the Board of
Directors to allot equity
securities M Y For
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To empower the Board of
Directors to allot equity
securities, subject to
certain limitations, without
providing certain pre-emptive
rights M Y For
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To authorize the Board of
Directors to allot equity
securities relating to our
convertible participatng shares. M Y For
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To empower the Board of Directors
to allot equity securities, subject
to certain limitations, without
providing certain pre-emptive
rights relating to our convertible
participating shares. M Y For
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To approve the directors'
remuneration report for the year
ended 31st March, 2004. M Y For
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RURL 781748108 Rural/Metro
Corporation 12/01/04 Election of Directors Y Withhold all
nominees
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ATRX 04962L101 Atrix Laboratories,
Inc. 11/19/04 Proposal to adopt the agreement
and plan merger, dated as of
June 14, 2004, by and among QLT
Inc., Aspen Acquisition Corp.
and Atrix Laboratories, Inc.,
pursuant to which Aspen
Acquisition Corp. will be merged
into Atrix Laboratories, Inc.
into a wholly owned subsidiary
of QLT, and to approve the merger. M Y For
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UHAL 023586100 Amerco 09/24/04 Election of Directors M Y Withhold all
nominees
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Shareholder proposal regarding
independent directors S Y Against
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TMI 878155100 Team, Inc. 09/23/04 Election of Directors M Y Withold all
nominees
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Approval of the amendment to
the Team, Inc. 1998 incentive
stock option plan. M Y Against
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Approval of the amendment to
the Team, Inc. restated non-
employee directors stock option
plan. M Y Against
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Approval of the adoption of the
Team, Inc. 2004 restricted stock
option and award plan M Y Against
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Approval of the company's existing
policy of issuing $10,000 of
common stock to each non-employee
director each year for director
fees. M Y For
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Approval of the appointment of
KPMG LLP as Independent Public
Accountants of the company for
fiscal 2005. M Y For
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CPST 14067D102 Capstone Turbine
Corp. 09/10/04 Election of Directors M Y For
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To approve capstone turbine
corporation amended and restated
2000 equity incentive plan as
amended to add 2,380,000 shares. M Y Against
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