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)
116 1st Street SW Suite C Minot, ND 58701
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(Address of principal executive offices) (Zip code)
Shannon D Radke
116 1st Street SW Suite C, Minot, ND 58701
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(Name and address of agent for service)
Registrant's telephone number, including area code: 701-852-1264
Date of fiscal year end: December 31
Date of reporting period: Twelve month period ended June 30
Viking Small-Cap Value Fund
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AEROFLEX INCORPORATED
Ticker: ARXX Security ID: 007768104
Meeting Date: May 30, 2007 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Adopt merger plan Agnt Agnt Management
2 Adjourn to solicit proxies Agnt Agnt Management
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ALBANY INTERNATIONAL GROUP
Ticker: AIN Security ID: 012348108
Meeting Date: April 13, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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A.O. SMITH CORPORATION
Ticker: AOS Security ID: 831865209
Meeting Date: April 9, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of independent For For Management
auditors
3 Adopt incentive plan For For Management
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APPLEBEE'S INTERNATIONAL
Ticker: APPB Security ID: 037899101
Meeting Date: May 25, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend stock purchase plan For For Management
3 Ratify appointment of independent For For Management
auditors
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APTARGROUP, INC.
Ticker: ATR Security ID: 038336103
Meeting Date: May 2, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt 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 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 Declass of BOD Agnt For Shareholder
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BJ'S WHOLESALE
Ticker: BJ Security ID: 05548J106
Meeting Date: May 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Approval of Stock incentive plan For For Management
3 Ratify appointment of independent For For Management
auditors
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BORGWARNER INC.
Ticker: BWA Security ID: 099724106
Meeting Date: April 25, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Stockholder Prop concerning Agnt For Shareholder
Director elections
3 Ratify appointment of independent For For Management
auditors
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Boston Private Financial Holdings, I
Ticker: BPFH Security ID: 101119105
Meeting Date: April 25, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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CARTERS, INC.
Ticker: CRI Security ID: 146229109
Meeting Date: May 11, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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CBRL GROUP, INC.
Ticker: CBRL Security ID: 12489V106
Meeting Date: November 28, 2006 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of Independent For For Management
Auditors
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Chattem, INC.
Ticker: CHTT Security ID: 162456
Meeting Date: April 11, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt 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 Ratify incentive stock option plan For For Management
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CHIQUITA BRANDS INTERNATIONAL, INC.
Ticker: CQB Security ID: 170032809
Meeting Date: May 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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CHURCH & DWIGHT
Ticker: CHD Security ID: 171340102
Meeting Date: May 3, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Approval/Incentive Plan For For Management
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CLAIRE'S STORES, INC.
Ticker: CLE Security ID: 179584107
Meeting Date: May 24, 2007 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Approval of merger For For Management
2 Adjourn meeting to solicit proxies For For Management
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CLARCOR INC.
Ticker: CLC Security ID: 179895107
Meeting Date: March 26, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopttion of Incentive plan For For Management
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DIODES INCORPORATED
Ticker: DIOD Security ID: 254543101
Meeting Date: May 31, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of independent For For Management
auditors
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EPICOR SOFTWARE CORPORATION
Ticker: EPIC Security ID: 29426L108
Meeting Date: May 22, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt 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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FIRST MIDWEST BANCORP, INC.
Ticker: FMBI Security ID: 320867104
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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HANMI FINANCIAL CORPORATION
Ticker: HAFC Security ID: 410495105
Meeting Date: May 23, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt 2007 equity compensation plan For For Management
3 Ratify appointment of independent For For Management
Auditors
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IPC Holdings, LTD.
Ticker: IPCR Security ID: G4933P101
Meeting Date: Jun 22, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Auth. Board to fill board vacancies Agnt Agnt Management
3 Ratify appointment of independent For For Management
Auditors
4 Approve 2007 incentive plan For For Management
5 Amend by-laws to remove out-of-date For For Management
provisions
6 Amend by-laws to modernize by-laws For For Management
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K&F INDUSTRIES HOLDINGS, INC.
Ticker: KFI Security ID: 482241106
Meeting Date: May 3, 2007 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Approve Merger For For Management
2 Adjourn Meeting For For Management
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Lone Star Technologies, Inc.
Ticker: LSS Security ID: 542312103
Meeting Date: Apr 23, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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Lone Star Technologies, Inc.
Ticker: LSS Security ID: 542312103
Meeting Date: Jun 14, 2007 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Adopt merger plan For For Management
2 Adjourn to solicit proxies For For Management
Auditors
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Maverick Tube Corp
Ticker: MVK Security ID: 577914
Meeting Date: October 2, 2006 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Approve Merger June 12 For For Management
2 Adjourn Meeting For For Management
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MUELLER WATER PRODUCTS INC.
Ticker: MWA Security ID: 624758108
Meeting Date: March 22, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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OIL STATES INTERNATIONAL, INC.
Ticker: OIS Security ID: 678026105
Meeting Date: May 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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ON SEMICONDUCTOR CORPORATION
Ticker: ONNN Security ID: 682189105
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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OWENS & MINOR, INC.
Ticker: OMI Security ID: 690732102
Meeting Date: April 27, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Stock Purchase Plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Proxies authorized to vote Agnt Agnt Management
upon matters that arise at meeting
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OMI Corporation
Ticker: OMM Security ID: Y6476W104
Meeting Date: Jun 28, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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PERFORMANCE FOOD GROUP COMPANY
Ticker: PFGC Security ID: 713755106
Meeting Date: May 15, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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POLYMEDICA CORPORATION
Ticker: PLMD Security ID: 731738100
Meeting Date: September 19, 2006 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
accountants
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PROTECTIVE LIFE CORPORATION
Ticker: PL Security ID: 743674103
Meeting Date: May 7, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Approval of incentive plan For For Management
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PROVIDENT BANKSHARES CORPORATION
Ticker: PBKS Security ID: 743859100
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Approval of incentive plan For For Management
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QUESTAR CORPORATION
Ticker: STR Security ID: 748356102
Meeting Date: May 15, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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RC2 CORPORATION
Ticker: RCRC Security ID: 749388106
Meeting Date: May 4, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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RPM INTERNATIONAL INC.
Ticker: RPM Security ID: 749685103
Meeting Date: October 5, 2006 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Approve stock plan For For Management
3 Approve comp plan For For Management
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SENIOR HOUSING PROPERTIES TRUST
Ticker: SNH Security ID: 81721M109
Meeting Date: May 30, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Change required shareholder vote For For Management
3 Amend Declaration of Trust For For Management
4 Adjourn to solicit proxies For For Management
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STAGE STORES, INC.
Ticker: SSI Security ID: 85254C305
Meeting Date: June 7, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Increase auth. common stock For For Management
4 Specify auth. Preferred stock For For Management
5 Eliminate bankruptcy language For For Management
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STRATEGIC HOTELS & RESORTS INC.
Ticker: BEE Security ID: 86272T106
Meeting Date: May 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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SUNSTONE HOTEL INVESTORS, INC.
Ticker: SHO Security ID: 867892101
Meeting Date: May 1, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend 2004 Incentive Plan For For Management
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TECHNITROL, INC.
Ticker: TNL Security ID: 878555101
Meeting Date: May 07, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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TELEFLEX INCORPORATED
Ticker: TFX Security ID: 879369106
Meeting Date: May 04, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Approve common stock increase For For Management
3 Ratify appointment of independent For For Management
auditors
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Tupperware Brand Corporation
Ticker: TUP Security ID: 899896
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 Amend company certif. For For Management
4 Reduce to simple majority vote For For Management
5 Amend company certif. For For Management
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TWEEN BRANDS, INC.
Ticker: TWB Security ID: 901166108
Meeting Date: May 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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UCBH HOLDINGS, INC.
Ticker: UCBH Security ID: 90262T308
Meeting Date: May 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Approve 2006 Restated Equity Plan For For Management
3 Declassification of Board of Dir. Agnt For Shareholder
4 Ratify appointment of independent For For Management
auditors
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UMPQUA HOLDINGS CORPORATION
Ticker: UMPQ Security ID: 904214103
Meeting Date: April 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend 2003 Stock Incentive Plan For For Management
4 Adopt 2007 Long Term Incentive Plan For For Management
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WEST PHARMACEUTICAL SERVICES, INC.
Ticker: WST Security ID: 955306105
Meeting Date: May 1, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Compensation plan For For Management
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Cimarex Energy Co
Ticker: XEC Security ID: 171798
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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YRC Worldwide Inc
Ticker: YRCW Security ID: 984249102
Meeting Date: May 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Approve Annual Incentive Bonus For For Management
3 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 20, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt 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 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Senior officer incentive plan For For Management
3 Ratify appointment of independent For For Management
auditors
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American International Group, Inc.
Ticker: AIG Security ID: 026874107
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 2007 Stock incentive plan For For Management
4 Performance-based stock options For Against Shareholder
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AMERISOURCEBERGEN CORPORATION
Ticker: ABC Security ID: 03073E105
Meeting Date: February 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt 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 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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APACHE CORPORATION
Ticker: APA Security ID: 037411105
Meeting Date: May 2, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1-4 Election of Directors For For Management
5 Approve 2007 omnibus equity plan For For Management
6 Reimbursement of proxy expenses For Against Shareholder
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AT&T INC.
Ticker: T Security ID: 00206R102
Meeting Date: April 27, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
A Election of Directors For For Management
B02 Ratify appointment of independent For For Management
auditors
B03 Severance policy For For Management
C04 Stockholder proposal A For Against Shareholder
C05 Stockholder proposal B For Against Shareholder
C06 Stockholder proposal C For Against Shareholder
C07 Stockholder proposal D For Against Shareholder
C08 Stockholder proposal E For Against Shareholder
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BANK OF AMERICA CORPORATION
Ticker: BAC Security ID: 060505104
Meeting Date: April 25, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Stock option plan For Against Shareholder
4 Number of directors For Against Shareholder
5 Independent board chairman For Against Shareholder
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BP PLC
Ticker: BP Security ID: 055622104
Meeting Date: April 12, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Receive directors report For For Management
2 Approve remuneration report For For Management
3 Election of Directors For For Management
19 Ratify appointment of independent For For Management
Auditors
20 Political donations For For Management
21 Authorize electronic communications For For Management
S22 Purchase of shares For For Management
23 Allot shares For For Management
S24 Allot shares for cash For For Management
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Bunge Limited
Ticker: BG Security ID: G16962105
Meeting Date: May 25, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 2007 directors incentive plan For For Management
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CANADIAN PACIFIC CORPORATION
Ticker: CP Security ID: 13645T100
Meeting Date: May 11, 2007 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Appoint auditors For For Management
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CITIGROUP INC.
Ticker: C Security ID: 172967101
Meeting Date: April 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Report on governmental service For Against Shareholder
4 Report on political contributions For Against Shareholder
5 Report on charitable contributions For Against Shareholder
6 Ratify executive compensation For Against Shareholder
7 Limit CEO compensation For Against Shareholder
8 Chairman of the Board duties For Against Shareholder
9 Five-year sales restriction For Against Shareholder
10 Cumulative voting For Against Shareholder
11 Calling special meetings For Against Shareholder
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CONOCOPHILLIPS
Ticker: COP Security ID: 20825C104
Meeting Date: May 9, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Political contributions For Against Shareholder
4 Global warming renewables Against Abstain Shareholder
5 Qualification of director nominees For Against Shareholder
6 Drilling in sensitive areas Against Abstain Shareholder
7 Report on recognition of rights Against Abstain Shareholder
8 Community accountability Against Abstain Shareholder
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CVS/CAREMARK CORPORATION
Ticker: CVS Security ID: 126650100
Meeting Date: Mar 15, 2007 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Increase common stock shares For For Management
2 Issue stock pursuant to merger plan For For Management
3 Adjourn to solicit proxies For For Management
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CVS/CAREMARK CORPORATION
Ticker: CVS Security ID: 126650100
Meeting Date: May 09, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 2007 Stock purchase plan For For Management
4 2007 Incentive plan For For Management
5 Limits on CEO compensation For Against Shareholder
6 Separate CEO and Chairman roles For Against Shareholder
7 Sustainability reporting For Against Shareholder
8 Compensation consultants For Against Shareholder
9 Stock option grants policy For Against Shareholder
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CVS/CAREMARK CORPORATION
Ticker: CVS Security ID: 126650100
Meeting Date: May 09, 2007 Meeting Type: Consent
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Equity compensation Unknown Abstain Shareholder
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DEAN FOODS COMPANY
Ticker: DF Security ID: 242370104
Meeting Date: May 18, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 New equity incentive plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Separate CEO and chairman roles For Against Shareholder
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DOMINION RESOURCES, INC.
Ticker: D Security ID: 25746U109
Meeting Date: April 27, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify Appointment of independent For For Management
auditors
3 Environmental report For Against Shareholder
4 Transmission line report For Against Shareholder
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FREEPORT-MCMORAN COPPER & GOLD INC.
Ticker: HIG Security ID: 35671D857
Meeting Date: Mar 14, 2007 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Approval to increase auth shares For For Management
2 Approval to issue common stock For For Management
3 Adjourn to solicit proxies For For Management
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THE HARTFORD FINANCIAL SVCS GROUP
Ticker: HIG Security ID: 416515104
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
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HEALTH MANAGEMENT ASSOCIATES, INC.
Ticker: HMA Security ID: 421933102
Meeting Date: May 15, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
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HEWLETT-PACKARD CO.
Ticker: HPQ Security ID: 428236103
Meeting Date: March 14, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Shareholder proposal relating to For Against Shareholder
stockholder nominees
4 Shareholder proposal relating to For Against Shareholder
separate roles of CEO/Chairman
5 Shareholder proposal relating to For Against Shareholder
future poison pill
6 Shareholder proposal relating to For Against Shareholder
linking pay to performance
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HONEYWELL INTERNATIONAL INC.
Ticker: HON Security ID: 438516106
Meeting Date: April 23, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Adopt global employee stock plan For For Management
4 Recoup unearned management bonuses For Against Shareholder
5 Performance based stock options For Against Shareholder
6 Special shareholders meetings For Against Shareholder
7 Six sigma For Against Shareholder
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IDEARC INC.
Ticker: IAR Security ID: 451663108
Meeting Date: Apr 19, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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Intel Corp
Ticker: INTC Security ID: 458140100
Meeting Date: May 16, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 2006 Equity incentive plan For For Management
4 2007 Executive incentive plan For For Management
5 Limit executive compensation For Against Shareholder
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INGERSOLL-RAND COMPANY LIMITED
Ticker: IR Security ID: G4776G101
Meeting Date: June 6, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Adopt 207 incentive stock plan For For Management
3 Ratify appointment of independent For For Management
auditors
4 Executive compensation For Against Shareholder
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Johnson Controls Inc.
Ticker: JCI Security ID: 478366107
Meeting Date: January 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
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KIMBERLY-CLARK CORPORATION
Ticker: KMB Security ID: 494368103
Meeting Date: April 26, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Eliminate classified board For For Management
4 Supermajority voting For Against Shareholder
5 Global human rights standards For Against Shareholder
6 Feasibility report For Against Shareholder
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MERCK & CO.
Ticker: MRK Security ID: 589331107
Meeting Date: April 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Supermajority voting requirements For For Management
4 Supermajority under NJ law For For Management
5 Limit board to 18 directors For For Management
6 Replace cumulative voting feature For For Management
7 Reporting political contributions For Against Shareholder
8 Executive compensation For Against Shareholder
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MICROSOFT CORPORATION
Ticker: MSFT Security ID: 594918104
Meeting Date: Nov 14, 2006 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 SH proposal restrict selling For Against Shareholder
4 SH proposal employment policy For Against Shareholder
5 SH proposal hiring of proxy advisor For Against Shareholder
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MORGAN STANLEY
Ticker: MS Security ID: 617446448
Meeting Date: April 10, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 Approve 2007 incentive plan For For Management
4 SH proposal simple majority vote For Against Shareholder
5 SH proposal executive compensation For Against Shareholder
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NATIONAL CITY CORPORATION
Ticker: NCC Security ID: 635405103
Meeting Date: April 24, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Executive compensation For Against Shareholder
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NOKIA Corporation.
Ticker: NOK Security ID: 654902204
Meeting Date: May 3, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Approve financial statments For For Management
2 Approve dividend eur 0.43/share For For Management
3 Liability of Board For For Management
4 Amend articles of association For For Management
5 Remuneration to Board For For Management
6 Composition of the Board For For Management
7 Election of Directors For For Management
8 Remuneration to the auditor For For Management
9 Ratify appointment of independent For For Management
Auditors
10 Stock options to selected personnel For For Management
11 Reduction of share issue premium For For Management
12 Subscription price for shares For For Management
13 Board issuance of shares For For Management
14 Authorize Board to repurchase For For Management
15 Instruct Nokia legal counsels For For Management
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PFIZER INC.
Ticker: PFE Security ID: 717081103
Meeting Date: April 26, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Cumulative voting For Against Shareholder
4 Report animal experimentation For Against Shareholder
5 Feasibility report on animal use For Against Shareholder
6 Qualifications of directors For Against Shareholder
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Public Service Enterprise Group Inc
Ticker: PEG Security ID: 744573106
Meeting Date: Nov 21, 2006 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 Proposal regarding executive For Against Shareholder
compensation
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Public Service Enterprise Group Inc
Ticker: PEG Security ID: 744573106
Meeting Date: Apr 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Increase common stock For For Management
3 Approve 2007 equity compensation For For Management
4 Eliminate classification of Board For For Management
5 Eliminate cumulative voting if (4) For For Management
6 Eliminate pre-emptive rights For For Management
7 Ratify appointment of independent For For Management
Auditors
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QUESTAR CORPORATION
Ticker: STR Security ID: 748356102
Meeting Date: May 15, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
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RIO TINTO PLC
Ticker: RTP Security ID: 767204100
Meeting Date: April 13, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Allot securities For For Management
2 Allot securities For For Management
3 Authorize directors to repurchase For For Management
shares
4 Approve article amendments For For Management
5 Election of Michael Fitzpatrick For For Management
6 Re-election of Ashton Calvert For For Management
7 Re-election of Guy Elliott For For Management
8 Re-election of Lord Kerr For For Management
9 Re-election of Sir Richard Sykes For For Management
10 Ratify appointment of independent For For Management
Auditors
11 Approve remuneration report For For Management
12 Receive financial statement For For Management
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SEALED AIR CORPORATION
Ticker: SEE Security ID: 81211K100
Meeting Date: May 18, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1-9 Election of Directors For For Management
10 Ratify appointment of independent For For Management
Auditors
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SUNTRUST BANKS, INC.
Ticker: STI Security ID: 867914103
Meeting Date: Apr 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Amend articles of incorporation For For Management
3 Amend bylaws for annual elections For For Management
4 Majority voting for elections For Against Shareholder
5 Ratify appointment of independent For For Management
Auditors
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UNION PACIFIC CORPORATION
Ticker: UNP Security ID: 907818108
Meeting Date: May 3, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 SH proposal majority voting For Against Shareholder
4 SH proposal political contributions For Against Shareholder
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U.S. BANCORP
Ticker: USB Security ID: 902973304
Meeting Date: April 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt 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 Amend restated certificate of For For Management
incorporation
5 Executive officer compensation For Against Shareholder
6 Executive retirement plan For Against Shareholder
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VERIZON COMMUNICATIONS INC.
Ticker: VZ Security ID: 92343V104
Meeting Date: May 3, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Eliminate stock options For Against Shareholder
4 Future severance agreements For Against Shareholder
5 Consultant disclosure For Against Shareholder
6 Executive compensation For Against Shareholder
7 Limit service on outside boards For Against Shareholder
8 Future poison pill For Against Shareholder
9 Report on charitable contributions For Against Shareholder
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Wachovia Corp.
Ticker: WB Security ID: 929903102
Meeting Date: Aug 31, 2006 Meeting Type: Special
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Approve issuance of shares For For Management
2 Amend 2003 stock incentive plan For For Management
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Wachovia Corp.
Ticker: WB Security ID: 929903102
Meeting Date: Apr 17, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Eliminate provisions classifying For For Management
Board of Directors
3 Voting in uncontested elections For For Management
4 Ratify appointment of independent For For Management
Auditors
5 Ratifying executive compensation For Against Shareholder
6 Qualifications of director nominees For Against Shareholder
7 Reporting political contributions For Against Shareholder
8 Separating Chairman/CEO offices For Against Shareholder
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THE WALT DISNEY COMPANY
Ticker: DIS Security ID: 254687106
Meeting Date: March 08, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
auditors
3 Amend 2005 stock incentive plan For For Management
4 Amend 2002 exec performance plan For For Management
5 SH proposal relating to greenmail For Against Shareholder
6 Amend bylaws for stockholder rights For Against Shareholder
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Exxon Mobil Corporation
Ticker: XOM Security ID: 30231G102
Meeting Date: May 30, 2007 Meeting Type: Annual
# Proposal For/Agnt Mgt Vote Cast Sponsor
1 Election of Directors For For Management
2 Ratify appointment of independent For For Management
Auditors
3 Cumulative voting For Against Shareholder
4 Special shareholder meetings For Against Shareholder
5 Board chairman and CEO For Against Shareholder
6 Dividend strategy For Against Shareholder
7 Executive compensation For Against Shareholder
8 CEO compensation decisions For Against Shareholder
9 Executive compensation report For Against Shareholder
10 Executive compensation limit For Against Shareholder
11 Incentive pay recoupment For Against Shareholder
12 Political contributions report For Against Shareholder
13 Amendment of EEO policy For Against Shareholder
14 Community environmental impact For Against Shareholder
15 Greenhouse gas emissions goals For Against Shareholder
16 CO2 information at the pump For Against Shareholder
17 Renewable energy investment levels For Against Shareholder
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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, 2005 through June 30, 2006.
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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, 2005 through June 30, 2006.
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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.
Viking Mutual Funds
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By: /s/ Shannon D Radke, President
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Date August 31, 2006
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