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 811-09277
Viking Mutual Funds
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Exact name of registrant as specified in charter)
1400 14th Ave. SW Minot, ND 58701
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(Address of principal executive offices) (Zip code)
Viking Fund Management, LLC
1400 14th Ave. SW, Minot, ND 58701
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(Name and address of agent for service)
Registrant's telephone number, including area code: 1-800-933-8413
Date of fiscal year end: 12/31/04
Date of reporting period: 6/30/2005
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 (ss.ss. 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. ss. 3507.
SEC 2451 (4-03) Persons who are to respond to the collection
of information contained in this form are not
required to respond unless the form displays
a currently valid OMB control number.
Viking Small-Cap Value Fund
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ACTEL CORPORATION
Ticker: ACTL Security ID: 004934105
Meeting Date: October 15, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of independent For For Management
auditors
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ALBANY INTERNATIONAL GROUP
Ticker: AIN Security ID: 012348108
Meeting Date: May 12, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Incentive Stock Option Plan For For Management
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A.O. SMITH CORPORATION
Ticker: AOS Security ID: 831865209
Meeting Date: April 11, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of independent For For Management
auditors
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APPLEBEE'S INTERNATIONAL
Ticker: APPB Security ID: 037899101
Meeting Date: May 12, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend Incentive Stock Option Plan For Against Management
3 Amend stock purchase plan For For Management
4 Ratify appointment of independent For For Management
auditors
5 Miscellaneous Shareholder Proposal Against Against Shareholder
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APTARGROUP, INC.
Ticker: ATR Security ID: 038336103
Meeting Date: May 4, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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ARKANSAS BEST CORPORATION
Ticker: ABFS Security ID: 040790107
Meeting Date: April 20, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt/Amend Executive Incentive For For Management
Bonus Plan
4 Adopt Omnibus Stock Option Plan For For Management
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BELDEN INC.
Ticker: BWC Security ID: 077459105
Meeting Date: July 15,2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Election of Directors For For Management
3 Approve Motion to Adjourn Meeting For For Management
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BELDEN CDT INC
Ticker: BDC Security ID: 077454106
Meeting Date: May 17, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Omnibus Stock Option Plan For For Management
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BJ'S WHOLESALE
Ticker: BJ Security ID: 05548J106
Meeting Date: May 26, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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BORGWARNER INC.
Ticker: BWA Security ID: 099724106
Meeting Date: April 27, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt/Amend Executive Incentive For For Management
Bonus Plan
3 Ratify appointment of independent For For Management
auditors
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CABLE DESIGN TECHNOLOGIES CORP
Ticker: CDT Security ID: 126924109
Meeting Date: July 15, 2004 Meeting Type: Special
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Amend Articles/By Law/Charter- For For Management
Organization Related
3 Approve Reverse Stock Split For For Shareholder
4 Approve Motion to Adjourn Meeting For For Management
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CBRL GROUP, INC.
Ticker: CBRL Security ID: 12489V106
Meeting Date: November 23, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt/Amend Executive Incentive For For Management
Bonus Plan
3 Ratify Appointment of Independent For For Management
Auditors
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CHURCH & DWIGHT
Ticker: CHD Security ID: 171340102
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Approve Authorized Common Stock For For Shareholder
Increase
3 Adopt Stock Purchase Plan For For Management
2 Ratify appointment of independent For For Management
auditors
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CLAIRE'S STORES, INC.
Ticker: CLE Security ID: 179584107
Meeting Date: June 28, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Incentive Stock Option Plan For For Management
3 S/H Proposal Northern Ireland Against Against Shareholder
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CLARCOR INC.
Ticker: CLC Security ID: 179895107
Meeting Date: March 21, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Approve Authorized Common Stock For For Shareholder
Increase
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CONMED CORPORATION
Ticker: CNMD Security ID: 207410101
Meeting Date: May 17, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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GRANITE CONSTRUCTION INCORPORATED
Ticker: GVA Security ID: 387328107
Meeting Date: May 23, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Miscellaneous Corporate Governance- For For Management
Global
3 Ratify appointment of independent For For Management
auditors
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INTERNATIONAL RECTIFIER CORPORATION
Ticker: IRF Security ID: 460254105
Meeting Date: November 22, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Miscellaneous Shareholder Equity For For Shareholder
3 Amend incentive stock option plan For For Management
4 Ratify appointment of independent For For Management
auditors
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JAKKS PACIFIC, INC.
Ticker: JAKK Security ID: 47012E106
Meeting Date: September 10, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Transact other business For For Management
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LANDRY'S RESTAURANTS, INC.
Ticker: LNY Security ID: 51508L103
Meeting Date: June 2, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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LAFARGE NORTH AMERICA INC.
Ticker: LAF Security ID: 505862102
Meeting Date: April 26, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Incentive Stock Option Plan For For Management
3 Amend Stock Purchase Plan For For Management
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LIBBEY INC.
Ticker: LBY Security ID: 529898108
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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MIM CORPORATION
Ticker: MIMS Security ID: 553044108
Meeting Date: March 9, 2005 Meeting Type: Special
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement For For Management
2 Amend Articles/By Law/Charter- For For Management
Organization Related
3 Amend Incentive Stock Option Plan For For Management
to Increase Shares
4 Amend Incentive Stock Option Plan For For Management
to Increase Shares
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MENTOR CORPORATION
Ticker: MNT Security ID: 587188103
Meeting Date: September 15, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Set/Change Number of Directors on For For Management
Board
2 Election of Directors For For Management
3 Ratify appointment of independent For For Management
auditors
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NEWIELD EXPLORATION COMPANY
Ticker: NFX Security ID: 651290108
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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OUTBACK STEAKHOUSE, INC.
Ticker: OSI Security ID: 689899102
Meeting Date: April 27, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend omnibus stock option plan For For Management
3 Transact other business For For Management
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OWENS & MINOR, INC.
Ticker: OMI Security ID: 690732102
Meeting Date: April 28, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Incentive Stock Option Plan For For Management
3 Ratify appointment of independent For For Management
auditors
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PAR PHARMACEUTICAL COMPANIES, INC.
Ticker: PRX Security ID: 69888P106
Meeting Date: May 24, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Stock Performance Plan Against Against Management
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PERFORMANCE FOOD GROUP COMPANY
Ticker: PFGC Security ID: 713755106
Meeting Date: May 18, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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PIEDMONT NATURAL GAS COMPANY, INC.
Ticker: PNY Security ID: 720186105
Meeting Date: March 4, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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POLYMEDICA CORPORATION
Ticker: PLMD Security ID: 731738100
Meeting Date: September 17, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend Incentive Stock Option Plan For Against Management
to Increase Shares
3 Ratify appointment of independent For For Management
auditors
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PROTECTIVE LIFE CORPORATION
Ticker: PL Security ID: 743674103
Meeting Date: May 2, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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QUESTAR CORPORATION
Ticker: STR Security ID: 748356102
Meeting Date: May 17, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Management Incentive Plan For For Management
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RC2 CORPORATION
Ticker: RCRC Security ID: 749388106
Meeting Date: May 6, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Incentive Stock Option Plan For For Management
3 Adopt Omnibus Stock Option Plan For For Management
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RPM INTERNATIONAL INC.
Ticker: RPM Security ID: 749685103
Meeting Date: October 8, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Adopt incentive stock option plan For For Management
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SCOTTISH RE GROUP LIMITED
Ticker: SCT Security ID: G7885T104
Meeting Date: April 7, 2005 Meeting Type: Special
# Proposal Mgt Rec Vote Cast Sponsor
1 Articles of Association For For Management
2 Bonds/Notes For For Shareholder
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SCOTTISH RE GROUP LIMITED
Ticker: SCT Security ID: G7885T104
Meeting Date: May 4, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of Auditors For For Management
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SPINNAKER EXPLORATION COMPANY
Ticker: SKE Security ID: 84855W10
Meeting Date: May 4, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Incentive Stock Option Plan For For Management
3 Ratify appointment of independent For For Management
auditors
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SUPERVALU INC.
Ticker: SVU Security ID: 868536103
Meeting Date: June 15, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend Stock Option Plan For For Mangement
4 Miscellaneous Shareholder Proposal Against Against Shareholder
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TECHNITROL, INC.
Ticker: TNL Security ID: 878555101
Meeting Date: May 18, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend Director Stock Option Plan For For Management
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TELEFLEX INCORPORATED
Ticker: TFX Security ID: 879369106
Meeting Date: April 29, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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WEST PHARMACEUTICAL SERVICES, INC.
Ticker: WST Security ID: 955306105
Meeting Date: April 26, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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XTO ENERGY INC.
Ticker: XTO Security ID: 98385X106
Meeting Date: November 16, 2004 Meeting Type: Special
# Proposal Mgt Rec Vote Cast Sponsor
1 Adopt Incentive Stock Option Plan For For Management
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YELLOW ROADWAY CORPORATION
Ticker: YELL Security ID: 985577105
Meeting Date: May 19, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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Viking Large-Cap Value Fund
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ALCOA
Ticker: AA Security ID: 013817101
Meeting Date: April 22, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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AMERICAN ELECTRIC POWER, INC.
Ticker: AEP Security ID: 025537101
Meeting Date: April 26, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend Long Term Incentive Plan For For Management
4 S/H Proposal-Corporate Governance Against Against Shareholder
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AMERISOURCEBERGEN CORPORATION
Ticker: ABC Security ID: 03073E105
Meeting Date: March 4, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of Independent For For Management
Auditors
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ANADARKO PETROLEUM CORPORATION
Ticker: APC Security ID: 032511107
Meeting Date: May 12, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt incentive stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 S/H Proposal-Establish Nominating Against Against Shareholder
Committee
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APACHE CORPORATION
Ticker: APA Security ID: 037411105
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Stock Option Plan For For Management
3 Adopt Omnibus Stock Option Plan For Against Management
4 S/H Proposal-Board of Directors Against Against Shareholder
5 S/H Proposal-Corporate Governance Against Against Shareholder
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BANK OF AMERICA CORPORATION
Ticker: BAC Security ID: 060505104
Meeting Date: April 27, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 S/H Proposal-Establish Nominating Against Against Shareholder
Committee
4 S/H Proposal-Board of Directors Against Against Shareholder
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CANADIAN PACIFIC CORPORATION
Ticker: CP Security ID: 13645T100
Meeting Date: May 5, 2005 Meeting Type: Special
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Appoint Auditors For For Management
3 Shareholder Rights Plan For Against Management
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CHEVRONTEXACO CORPORATION
Ticker: CVX Security ID: 166764100
Meeting Date: April 27, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 S/H Proposal-Corporate Governance Against Against Shareholder
4 S/H Proposal-Corporate Governance Against Against Shareholder
5 S/H Proposal-Form Shareholder Against Against Shareholder
Advisory Committee
6 S/H Proposal-Animal Rights Against Against Shareholder
7 Miscellaneous Shareholder Proposal Against Against Shareholder
8 Miscellaneous Shareholder Proposal Against Against Shareholder
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CITIGROUP INC.
Ticker: C Security ID: 172967101
Meeting Date: April 19, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend Incentive Stock Option Plan For For Management
4 S/H Proposal-Limit Compensation Against Against Shareholder
5 S/H Proposal-Political/Government Against Against Shareholder
6 S/H Proposal-Board of Directors Against Against Shareholder
7 S/H Proposal-Corporate Governance Against Against Shareholder
8 S/H Proposal-Board of Directors Against Against Shareholder
9 S/H Proposal-Corporate Governance Against Against Shareholder
10 S/H Proposal-Board of Directors Against Against Shareholder
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CONOCOPHILLIPS
Ticker: COP Security ID: 20825C104
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 S/H Proposal-Corporate Governance Against Against Shareholder
4 S/H Proposal-Board of Directors Against Against Shareholder
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CVS CORPORATION
Ticker: CVS Security ID: 126650100
Meeting Date: May 12, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 S/H Proposal-Board of Directors Against For Shareholder
4 S/H Proposal-Corporate governance Against Against Shareholder
5 S/H Proposal-Corporate governance Against Against Shareholder
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DEAN FOODS COMPANY
Ticker: DF Security ID: 242370104
Meeting Date: May 24, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Miscellaneous Shareholder Proposal Against Against Shareholder
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DOMINION RESOURCES, INC.
Ticker: D Security ID: 25746U109
Meeting Date: April 22, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Non-Employee Director Plan For For Management
3 Adopt Omnibus Stock Option Plan For For Management
4 Ratify appointment of independent For For Management
auditors
5 Miscellaneous Shareholder Proposal Against Against Shareholder
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THE DOW CHEMICAL COMPANY
Ticker: DOW Security ID: 260543103
Meeting Date: May 12, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Miscellaneous Shareholder Proposal Against Against Shareholder
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THE HARTFORD FINANCIAL SVCS GROUP
Ticker: HIG Security ID: 416515104
Meeting Date: May 18, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt Incentive Stock Option Plan For For Management
4 Incentive Stock Options For For Management
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HEALTH MANAGEMENT ASSOCIATES, INC.
Ticker: HMA Security ID: 421933102
Meeting Date: February 15, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
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HEWLETT-PACKARD CO.
Ticker: HPQ Security ID: 428236103
Meeting Date: March 16, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend Stock Purchase Plan For For Management
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HONEYWELL INTERNATIONAL INC.
Ticker: HON Security ID: 438516106
Meeting Date: April 25, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Declassify Board For For Management
4 Supermajority For For Management
5 S/H Proposal-Proxy Process/StatementAgainst Against Shareholder
6 S/H Proposal-Board of Directors Against Against Shareholder
7 S/H Proposal-Corporate Governance Against Against Shareholder
8 S/H Proposal-Corporate Governance Against Against Shareholder
9 S/H Proposal-Corporate Governance Against Against Shareholder
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INGERSOLL-RAND COMPANY LIMITED
Ticker: IR Security ID: G4776G101
Meeting Date: June 1, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Eliminate Cumulative Voting For For Management
4 Appoint Auditors and Approve For For Management
Remuneration
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ITT INDUSTRIES, INC.
Ticker: ITT Security ID: 450911102
Meeting Date: May 10, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
A Election of Directors For For Management
B Ratify appointment of independent For For Management
Auditors
C Approve Authorized Common Stock For For Shareholder
Increase
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JPMORGAN CHASE & CO.
Ticker: JPM Security ID: 46625H100
Meeting Date: May 17, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 Adopt Omnibus Stock Option Plan For For Management
4 S/H Proposal-Board of Directors Against Against Shareholder
5 S/H Proposal-Board of Directors Against Against Shareholder
6 S/H Proposal-Corporate Governance Against Against Shareholder
7 S/H Proposal-Corporate Governance Against Against Shareholder
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KIMBERLY-CLARK CORPORATION
Ticker: KMB Security ID: 494368103
Meeting Date: April 28, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Miscellaneous Shareholder Proposal Against Against Shareholder
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MASCO CORPORATION
Ticker: MAS Security ID: 574599106
Meeting Date: May 10, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt omnibus stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
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MBIA INC.
Ticker: MBI Security ID: 55262C100
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Omnibus Stock Option Plan For Against Management
3 Adopt Omnibus Stock Option Plan For Against Management
4 Approve Charter Amendment For Against Management
5 Approve Charter Amendment For For Management
6 Ratify appointment of independent For For Management
auditors
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MCKESSON CORPORATION
Ticker: MCK Security ID: 58155Q103
Meeting Date: July 28, 2004 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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MERCK & CO.
Ticker: MRK Security ID: 589331107
Meeting Date: April 26, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 S/H Proposal-Corporate Governance Against Against Shareholder
4 S/H Proposal-Corporate Governance Against Against Shareholder
5 S/H Proposal-Animal Rights Against Against Shareholder
6 S/H Proposal-Board of Directors Against Against Shareholder
7 S/H Proposal-Board of Directors Against Against Shareholder
8 S/H Proposal-Political/Government Against Against Shareholder
9 S/H Proposal-Health Issues Against Against Shareholder
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MERRILL LYNCH & CO., INC.
Ticker: MER Security ID: 590188108
Meeting Date: April 22, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt Director Stock Option Plan For For Management
4 S/H Proposal-Adopt Cumulative Against Against Shareholder
Voting
5 S/H Proposal-Corporate Governance Against Against Shareholder
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MORGAN STANLEY
Ticker: MWD Security ID: 617446448
Meeting Date: March 15, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Classify/Stagger Board of Directors For For Management
4 S/H Proposal-Board of Directors Against Against Shareholder
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NATIONAL CITY CORPORATION
Ticker: NCC Security ID: 635405103
Meeting Date: April 26, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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PARTNERRE LTD
Ticker: PRE Security ID: G6852T105
Meeting Date: May 10, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Omnibus Stock Option Plan For For Management
3 Approve Allotment of Equity For For Management
Securities
4 Ratify appointment of independent For For Management
auditors
6 Transact other business For For Management
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PFIZER INC.
Ticker: PFE Security ID: 717081103
Meeting Date: April 28, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Board of Directors Against Against Shareholder
4 Health issues Against Against Shareholder
5 Political/government Against Against Shareholder
6 Health issues Against Against Shareholder
7 Board of Directors Against Against Shareholder
8 Miscellaneous Against Against Shareholder
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RIO TINTO PLC
Ticker: RTP Security ID: 767204100
Meeting Date: April 14, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Allotment of Relevant For For Shareholder
Securities
2 Approve Allotment of Equity For For Shareholder
Securities
3 Authorize Directors to Repurchase For For Management
Shares
4 Authorize Directors to Repurchase For For Management
Shares
5 Articles of Association For For Management
6 Merger Plan For For Management
7 Adopt Omnibus Stock Option Plan For For Management
8 Miscellaneous Corporate Governance- For For Management
Global
9 Miscellaneous Corporate Governance- For For Management
Global
10 Miscellaneous Corporate Governance- For For Management
Global
11 Miscellaneous Corporate Governance- For For Management
Global
12 Appoint Auditors and Approve For For Management
Remuneration
13 Miscellaneous Corporate Governance- For For Management
Global
14 Miscellaneous Corporate Governance- For For Management
Global
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SEALED AIR CORPORATION
Ticker: SEE Security ID: 81211K100
Meeting Date: May 20, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Omnibus Stock Option Plan For For Management
3 Adopt Omnibus Stock Option Plan For For Management
4 Ratify appointment of independent For For Management
auditors
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TRIAD HOSPITALS, INC.
Ticker: TRI Security ID: 89579K109
Meeting Date: May 24, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend long term incentive plan For For Management
4 Amend stock purchase plan to For For Management
increase shares
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UNION PACIFIC CORPORATION
Ticker: UNP Security ID: 907818108
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Omnibus stock option plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 S/H Proposal-Proxy Process/ Against Against Shareholder
Statement
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U.S. BANCORP
Ticker: USB Security ID: 902973106
Meeting Date: April 19, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Supermajority For For Management
4 Corporate governance Against Against Shareholder
5 Corporate governance Against Against Shareholder
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VERIZON COMMUNICATIONS INC.
Ticker: VZ Security ID: 92343V104
Meeting Date: May 5, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt cumulative voting Against For Shareholder
4 Proxy process/statement Against For Shareholder
5 Board of Directors Against Against Shareholder
6 Board of Directors Against Against Shareholder
7 Board of Directors Against Against Shareholder
8 Establish Nominating Committee Against Against Shareholder
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THE WALT DISNEY COMPANY
Ticker: DIS Security ID: 254687106
Meeting Date: February 11, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt Incentive Stock Option Plan For For Management
4 Miscellaneous Shareholder Proposal Against Against Shareholder
5 S/H Proposal-Third World Issues Against Against Shareholder
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WASHINGTON MUTUAL
Ticker: WM Security ID: 939322103
Meeting Date: April 19, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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WHIRLPOOL
Ticker: WHR Security ID: 963320106
Meeting Date: April 19, 2005 Meeting Type: Annual
# Proposal Mgt Rec Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt Non-Employee Director Plan For For Management
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Viking Tax-Free Fund for Montana
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The Viking Tax-Free Fund for Montana did not hold any portfolio securities
with respect to which the Fund was entitled to vote during the period from
July 1, 2004 through June 30, 2005.
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Viking Tax-Free Fund for North Dakota
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The Viking Tax-Free Fund for North Dakota did not hold any portfolio securities
with respect to which the Fund was entitled to vote during the period from
July 1, 2004 through June 30, 2005.
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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) Viking Mutual Funds
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By (Signature and Title)* /s/ Douglas P. Miller, Vice President
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Date August 16, 2005
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