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: 811-10085
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Hillman Capital Management Investment Trust
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(Exact name of registrant as specified in charter)
116 South Franklin Street, Post Office Box 69, Rocky Mount, North Carolina 27802
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(Address of principal executive offices) (Zip code)
Julian G. Winters
116 South Franklin Street, Post Office Box 69, Rocky Mount, North Carolina 27802
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(Name and address of agent for service)
Registrant's telephone number, including area code: 252-972-9922
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Date of fiscal year end: September 30
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Date of reporting period: July 1, 2004 - June 30, 2005
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Item 1. PROXY VOTING RECORD
The Hillman Focused Advantage Fund
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ISSUER NAME TICKER CUSIP MTG MTG
DATE TYPE
Proposal Voted? Vote For/Agnst
Type Mgmt
Aetna Inc AET 00817Y108 4/29/05 Annual
1.01 Elect Betsy Z. Cohen MGMT YES FOR FOR
1.02 Elect Barbara Hackman Franklin MGMT YES FOR FOR
1.03 Elect Jeffery E. Garten MGMT YES FOR FOR
1.04 Elect Earl G. Graves Sr. MGMT YES FOR FOR
1.05 Elect Gerald Greenwald MGMT YES FOR FOR
1.06 Elect Ellen M. Hancock MGMT YES FOR FOR
1.07 Elect Michael H. Jordan MGMT YES FOR FOR
1.08 Elect Edward J. Ludwig MGMT YES FOR FOR
1.09 Elect Joseph P. Newhouse MGMT YES FOR FOR
1.10 Elect John W. Rowe MGMT YES FOR FOR
1.11 Elect Ronald A. Williams MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
4 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
5 Adopt cumulative voting SHLDR YES AGNST FOR
6 Expense stock options SHLDR YES FOR AGNST
American Electric Power AEP 025537101 4/26/05 Annual
1.01 Elect E. Richard Brooks MGMT YES FOR FOR
1.02 Elect Donald M. Carlton MGMT YES FOR FOR
1.03 Elect John P. DesBarres MGMT YES FOR FOR
1.04 Elect Robert W. Fri MGMT YES FOR FOR
1.05 Elect William R. Howell MGMT YES FOR FOR
1.06 Elect Lester A. Hudson Jr. MGMT YES FOR FOR
1.07 Elect Michael G. Morris MGMT YES FOR FOR
1.08 Elect Lionel L. Nowell III MGMT YES FOR FOR
1.09 Elect Richard L. Sandor MGMT YES FOR FOR
1.10 Elect Donald G. Smith MGMT YES FOR FOR
1.11 Elect Kathryn D. Sullivan MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Add Shares to Stock Incentive Plan MGMT YES FOR FOR
Amend Stock Incentive Plan
4 SP - Approve extra benefits under SERPs SHLDR YES AGNST FOR
Boeing Co BA 097023105 5/2/05 Annual
1.01 Elect Kenneth M. Duberstein MGMT YES FOR FOR
1.02 Elect W. James McNerney Jr. MGMT YES FOR FOR
1.03 Elect Lewis E. Platt MGMT YES FOR FOR
1.04 Elect Mike S. Zafirovski MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Develop/report on human rights policy SHLDR YES AGNST FOR
4 Review military contracting criteria SHLDR YES AGNST FOR
5 Review political spending or lobbying SHLDR YES FOR AGNST
6 Repeal classified board SHLDR YES FOR AGNST
7 Eliminate supermajority provision SHLDR YES FOR AGNST
8 Majority vote shareholder committee SHLDR YES AGNST FOR
9 Independent board chairman SHLDR YES AGNST FOR
Cendant Corp CD 151313103 4/26/05 Annual
1.01 Elect Myra J. Biblowit MGMT YES FOR FOR
1.02 Elect Leonard S. Coleman MGMT YES FOR FOR
1.03 Elect Cheryl D. Mills MGMT YES FOR FOR
1.04 Elect M. Brian Mulroney MGMT YES FOR FOR
1.05 Elect Robert E. Nederlander MGMT YES FOR FOR
1.06 Elect Ronald L. Nelson MGMT YES FOR FOR
1.07 Elect Robert W. Pittman MGMT YES FOR FOR
1.08 Elect Pauline D.E. Richards MGMT YES FOR FOR
1.09 Elect Sheli Z. Rosenberg MGMT YES FOR FOR
1.10 Elect Robert F. Smith MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Amend deferred compensation plan MGMT YES FOR FOR
4 Adopt employee stock purchase plan MGMT YES AGNST AGNST
5 Restrict executive compensation SHLDR YES AGNST FOR
6 Golden parachutes SHLDR YES AGNST FOR
Corning Inc GLW 219350105 4/28/05 Annual
1.01 Elect John Seely Brown MGMT YES FOR FOR
1.02 Elect Gordon Gund MGMT YES FOR FOR
1.03 Elect John M. Hennessy MGMT YES FOR FOR
1.04 Elect H. Onno Ruding MGMT YES FOR FOR
2 Adopt Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
EMC Corp EMC 268648102 5/5/05 Annual
1.01 Elect Michael J. Cronin MGMT YES FOR FOR
1.02 Elect W. Paul Fitzgerald MGMT YES FOR FOR
1.03 Elect Joseph M. Tucci MGMT YES FOR FOR
2 Add Shares to Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
4 Award performance-based stock options SHLDR YES AGNST FOR
5 Increase audit committee independence SHLDR YES AGNST FOR
Equity Office Properties Trust EOP 294741103 5/24/05 Annual
1.01 Elect Marilyn A. Alexander MGMT YES FOR FOR
1.02 Elect Thomas E. Dobrowski MGMT YES FOR FOR
1.03 Elect William M. Goodyear MGMT YES FOR FOR
1.04 Elect James D. Harper Jr. MGMT YES FOR FOR
1.05 Elect Richard D. Kincaid MGMT YES FOR FOR
1.06 Elect David K. McKown MGMT YES FOR FOR
1.07 Elect Sheli Z. Rosenberg MGMT YES FOR FOR
1.08 Elect Stephen I. Sadove MGMT YES FOR FOR
1.09 Elect Sally Susman MGMT YES FOR FOR
1.10 Elect Jan H.W.R. van der Vlist MGMT YES FOR FOR
1.11 Elect Samuel Zell MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
FedEx Corp FDX 31428X106 9/27/04 Annual
1.01 Elect Charles T. Manatt MGMT YES FOR FOR
1.02 Elect Judith L. Estrin MGMT YES FOR FOR
1.03 Elect Philip Greer MGMT YES FOR FOR
1.04 Elect J.R. Hyde III MGMT YES FOR FOR
1.05 Elect Shirley A. Jackson MGMT YES FOR FOR
1.06 Elect Frederick W. Smith MGMT YES FOR FOR
2 Repeal Classified Board MGMT YES FOR FOR
3 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4 Ratify Selection of Auditors MGMT YES FOR FOR
General Electric Co GE 369604103 4/27/05 Annual
1.01 Elect James I. Cash Jr. MGMT YES FOR FOR
1.02 Elect William M. Castell MGMT YES FOR FOR
1.03 Elect Dennis D. Dammerman MGMT YES FOR FOR
1.04 Elect Ann M. Fudge MGMT YES FOR FOR
1.05 Elect Claudio X. Gonzalez Laporte MGMT YES FOR FOR
1.06 Elect Jeffrey R. Immelt MGMT YES FOR FOR
1.07 Elect Andrea Jung MGMT YES FOR FOR
1.08 Elect Alan G. Lafley MGMT YES FOR FOR
1.09 Elect Ralph S. Larsen MGMT YES FOR FOR
1.10 Elect Rochelle B. Lazarus MGMT YES FOR FOR
1.11 Elect Samuel A. Nunn Jr. MGMT YES FOR FOR
1.12 Elect Roger S. Penske MGMT YES FOR FOR
1.13 Elect Robert J. Swieringa MGMT YES FOR FOR
1.14 Elect Douglas A. Warner III MGMT YES FOR FOR
1.15 Elect Robert C. Wright MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt cumulative voting SHLDR YES AGNST FOR
4 Review nuclear facility/waste SHLDR YES FOR AGNST
5 Report on environmental impact or plans SHLDR YES AGNST FOR
6 Limit number of directorships SHLDR YES AGNST FOR
7 Report on sustainability SHLDR YES AGNST FOR
8 Review political spending or lobbying SHLDR YES FOR AGNST
9 Review or promote animal welfare SHLDR YES AGNST FOR
Goodrich Corp GR 382388106 4/19/05 Annual
1.01 Elect Diane C. Creel MGMT YES FOR FOR
1.02 Elect George A. Davidson Jr. MGMT YES FOR FOR
1.03 Elect Harris E. DeLoach Jr. MGMT YES FOR FOR
1.04 Elect James W. Griffith MGMT YES FOR FOR
1.05 Elect William R. Holland MGMT YES FOR FOR
1.06 Elect Marshall O. Larsen MGMT YES FOR FOR
1.07 Elect Douglas E. Olesen MGMT YES FOR FOR
1.08 Elect Alfred M. Rankin Jr. MGMT YES FOR FOR
1.09 Elect James R. Wilson MGMT YES FOR FOR
1.10 Elect A. Thomas Young MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Amend Stock Incentive Plan MGMT YES FOR FOR
Add Shares to Stock Incentive Plan
4 Amend annual bonus plan MGMT YES FOR FOR
Hewlett-Packard Co HPQ 428236103 3/16/05 Annual
1.01 Elect Lawrence T. Babbio Jr. MGMT YES FOR FOR
1.02 Elect Patricia C. Dunn MGMT YES FOR FOR
1.03 Elect Richard A. Hackborn MGMT YES FOR FOR
1.04 Elect George A. Keyworth II MGMT YES FOR FOR
1.05 Elect Robert E. Knowling Jr. MGMT YES FOR FOR
1.06 Elect Thomas J. Perkins MGMT YES FOR FOR
1.07 Elect Robert L. Ryan MGMT YES FOR FOR
1.08 Elect Lucille S. Salhany MGMT YES FOR FOR
1.09 Elect Robert P. Wayman MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Add shares to employee stock purchase plan MGMT YES AGNST AGNST
Host Marriott Corp HMT 44107P104 5/19/05 Annual
1.01 Elect Robert M. Baylis MGMT YES FOR FOR
1.02 Elect Terence C. Golden MGMT YES FOR FOR
1.03 Elect Ann McLaughlin Korologos MGMT YES FOR FOR
1.04 Elect Richard E. Marriott MGMT YES FOR FOR
1.05 Elect Judith A. McHale MGMT YES FOR FOR
1.06 Elect John B. Morse Jr. MGMT YES FOR FOR
1.07 Elect Christopher J. Nassetta MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Majority vote to elect directors SHLDR YES AGNST FOR
Laboratory Corp of America LH 50540R409 5/18/05 Annual
Holdings
1.01 Elect Thomas P. Mac Mahon MGMT YES FOR FOR
1.02 Elect Jean-Luc Belingard MGMT YES FOR FOR
1.03 Elect Wendy E. Lane MGMT YES FOR FOR
1.04 Elect Robert E. Mittelstaedt Jr. MGMT YES FOR FOR
1.05 Elect Arthur H. Rubenstein MGMT YES FOR FOR
1.06 Elect Andrew G. Wallace MGMT YES FOR FOR
1.07 Elect M. Keith Weikel MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
Motorola Inc MOT 620076109 5/2/05 Annual
1.01 Elect Edward J. Zander MGMT YES FOR FOR
1.02 Elect H. Laurance Fuller MGMT YES FOR FOR
1.03 Elect Judy C. Lewent MGMT YES FOR FOR
1.04 Elect Walter E. Massey MGMT YES FOR FOR
1.05 Elect Thomas J. Meredith MGMT YES FOR FOR
1.06 Elect Nicholas Negroponte MGMT YES FOR FOR
1.07 Elect Indra K. Nooyi MGMT YES FOR FOR
1.08 Elect Samuel C. Scott III MGMT YES FOR FOR
1.09 Elect Ron Sommer MGMT YES FOR FOR
1.10 Elect James R. STENGEL MGMT YES FOR FOR
1.11 Elect Douglas A. Warner III MGMT YES FOR FOR
1.12 Elect John A. White MGMT YES FOR FOR
2 Restrict executive compensation SHLDR YES AGNST FOR
3 Majority vote to elect directors SHLDR YES AGNST FOR
Outback Steakhouse Inc OSI 689899102 4/27/05 Annual
1.01 Elect Robert D. Basham MGMT YES FOR FOR
1.02 Elect W. R. Carey Jr. MGMT YES FOR FOR
1.03 Elect Tommy Franks MGMT YES FOR FOR
1.04 Elect Toby S. Wilt MGMT YES FOR FOR
2 Amend Stock Incentive Plan MGMT YES FOR FOR
3 Approve other business MGMT YES FOR FOR
SBC Communications Inc SBC 78387G103 4/29/05 Annual
1.01 Elect Gilbert F. Amelio MGMT YES FOR FOR
1.02 Elect August A. Busch III MGMT YES FOR FOR
1.03 Elect Martin K. Eby Jr. MGMT YES FOR FOR
1.04 Elect James A. Henderson MGMT YES FOR FOR
1.05 Elect Charles F. Knight MGMT YES FOR FOR
1.06 Elect Lynn M. Martin MGMT YES FOR FOR
1.07 Elect John B. McCoy MGMT YES FOR FOR
1.08 Elect Mary S. Metz MGMT YES FOR FOR
1.09 Elect Toni Rembe MGMT YES FOR FOR
1.10 Elect S. Donley Ritchey MGMT YES FOR FOR
1.11 Elect Joyce M. Roche MGMT YES FOR FOR
1.12 Elect Laura D'Andrea Tyson MGMT YES FOR FOR
1.13 Elect Patricia P. Upton MGMT YES FOR FOR
1.14 Elect Edward E. Whitacre Jr. MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt employee stock purchase plan MGMT YES AGNST AGNST
4 Review political spending or lobbying SHLDR YES FOR AGNST
5 Link executive pay to social criteria SHLDR YES AGNST FOR
6 Restrict executive compensation SHLDR YES AGNST FOR
7 Eliminate supermajority provision SHLDR YES FOR AGNST
Texas Instruments Inc TXN 882508104 4/21/05 Annual
1.01 Elect James R. Adams MGMT YES FOR FOR
1.02 Elect David L. Boren MGMT YES FOR FOR
1.03 Elect Daniel A. Carp MGMT YES FOR FOR
1.04 Elect Carrie S. Cox MGMT YES FOR FOR
1.05 Elect Thomas J. Engibous MGMT YES FOR FOR
1.06 Elect Gerald W. Fronterhouse MGMT YES FOR FOR
1.07 Elect David R. Goode MGMT YES FOR FOR
1.08 Elect Pamela H. Patsley MGMT YES FOR FOR
1.09 Elect Wayne R. Sanders MGMT YES FOR FOR
1.10 Elect Ruth J. Simmons MGMT YES FOR FOR
1.11 Elect Richard K. Templeton MGMT YES FOR FOR
1.12 Elect Christine Todd Whitman MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt employee stock purchase plan MGMT YES AGNST AGNST
4 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
Verizon Communications VZ 92343V104 5/5/05 Annual
1.01 Elect James R. Barker MGMT YES FOR FOR
1.02 Elect Richard L. Carrion MGMT YES FOR FOR
1.03 Elect Robert W. Lane MGMT YES FOR FOR
1.04 Elect Sandra O. Moose MGMT YES FOR FOR
1.05 Elect Joseph Neubauer MGMT YES FOR FOR
1.06 Elect Thomas H. O'Brien MGMT YES FOR FOR
1.07 Elect Hugh B. Price MGMT YES FOR FOR
1.08 Elect Ivan G. Seidenberg MGMT YES FOR FOR
1.09 Elect Walter V. Shipley MGMT YES FOR FOR
1.10 Elect John R. Stafford MGMT YES FOR FOR
1.11 Elect Robert D. Storey MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt cumulative voting SHLDR YES AGNST FOR
4 Majority vote to elect directors SHLDR YES AGNST FOR
5 Increase board independence SHLDR YES FOR AGNST
6 Independent board chairman SHLDR YES AGNST FOR
7 Director liability SHLDR YES AGNST FOR
8 Review political spending or lobbying SHLDR YES FOR AGNST
Whole Foods Market Inc WFMI 966837106 4/4/05 Annual
1.01 Elect David W. Dupree MGMT YES FOR FOR
1.02 Elect Gabrielle E Greene MGMT YES FOR FOR
1.03 Elect John Mackey MGMT YES FOR FOR
1.04 Elect Linda A. Mason MGMT YES FOR FOR
1.05 Elect Morris J. Siegel MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Increase authorized common stock MGMT YES FOR FOR
4 Add Shares to Stock Incentive Plan MGMT YES AGNST AGNST
5 Review or curb bioengineering SHLDR YES AGNST FOR
6 Redeem or vote on poison pill SHLDR YES FOR AGNST
The Hillman Total Return Fund
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ISSUER NAME TICKER CUSIP MTG MTG
DATE TYPE
Proposal Type Voted? Vote For/Agnst Mgmt
3M Co MMM 88579Y101 5/10/05 Annual
1.01 Elect Vance D. Coffman MGMT YES FOR FOR
1.02 Elect Rozanne L. Ridgway MGMT YES FOR FOR
1.03 Elect Louis W. Sullivan MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt Stock Incentive Plan MGMT YES AGNST AGNST
4 Review or promote animal welfare SHLDR YES AGNST FOR
5 China--adopt code of conduct SHLDR YES AGNST FOR
Aetna Inc AET 00817Y108 4/29/05 Annual
1.01 Elect Betsy Z. Cohen MGMT YES FOR FOR
1.02 Elect Barbara Hackman Franklin MGMT YES FOR FOR
1.03 Elect Jeffery E. Garten MGMT YES FOR FOR
1.04 Elect Earl G. Graves Sr. MGMT YES FOR FOR
1.05 Elect Gerald Greenwald MGMT YES FOR FOR
1.06 Elect Ellen M. Hancock MGMT YES FOR FOR
1.07 Elect Michael H. Jordan MGMT YES FOR FOR
1.08 Elect Edward J. Ludwig MGMT YES FOR FOR
1.09 Elect Joseph P. Newhouse MGMT YES FOR FOR
1.10 Elect John W. Rowe MGMT YES FOR FOR
1.11 Elect Ronald A. Williams MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
4 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
5 Adopt cumulative voting SHLDR YES AGNST FOR
6 Expense stock options SHLDR YES FOR AGNST
Allied Capital Corp ALD 01903Q108 5/17/05 Annual
1.01 Elect John D. Firestone MGMT YES FOR FOR
1.02 Elect Anthony T. Garcia MGMT YES FOR FOR
1.03 Elect Lawrence I. Hebert MGMT YES FOR FOR
1.04 Elect Marc F. Racicot MGMT YES FOR FOR
1.05 Elect Laura W. van Roijen MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
American Electric Power AEP 025537101 4/26/05 Annual
1.01 Elect E. Richard Brooks MGMT YES FOR FOR
1.02 Elect Donald M. Carlton MGMT YES FOR FOR
1.03 Elect John P. DesBarres MGMT YES FOR FOR
1.04 Elect Robert W. Fri MGMT YES FOR FOR
1.05 Elect William R. Howell MGMT YES FOR FOR
1.06 Elect Lester A. Hudson Jr. MGMT YES FOR FOR
1.07 Elect Michael G. Morris MGMT YES FOR FOR
1.08 Elect Lionel L. Nowell III MGMT YES FOR FOR
1.09 Elect Richard L. Sandor MGMT YES FOR FOR
1.10 Elect Donald G. Smith MGMT YES FOR FOR
1.11 Elect Kathryn D. Sullivan MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Add Shares to Stock Incentive Plan MGMT YES FOR FOR
Amend Stock Incentive Plan
4 SP - Approve extra benefits under SERPs SHLDR YES AGNST FOR
Amgen Inc AMGN 031162100 5/11/05 Annual
1.01 Elect David Baltimore MGMT YES FOR FOR
1.02 Elect Judith C. Pelham MGMT YES FOR FOR
1.03 Elect Kevin W. Sharer MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3.01 Review or promote animal welfare SHLDR YES AGNST FOR
3.02 Link executive pay to social criteria SHLDR YES AGNST FOR
3.03 SP - Require option shares to be held SHLDR YES AGNST FOR
Apartment Investment & Management AIV 03748R101 4/29/05 Annual
1.01 Elect Terry Considine MGMT YES FOR FOR
1.02 Elect James N. Bailey MGMT YES FOR FOR
1.03 Elect Richard S. Ellwood MGMT YES FOR FOR
1.04 Elect J. Landis Martin MGMT YES FOR FOR
1.05 Elect Thomas L. Rhodes MGMT YES FOR FOR
1.06 Elect Michael A. Stein MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Approve Executive Investment Program MGMT YES FOR FOR
Black & Decker Corp BDK 091797100 4/26/05 Annual
1.01 Elect Nolan D. Archibald MGMT YES FOR FOR
1.02 Elect Norman R. Augustine MGMT YES FOR FOR
1.03 Elect Barbara L. Bowles MGMT YES FOR FOR
1.04 Elect M. Anthony Burns MGMT YES FOR FOR
1.05 Elect Kim B. Clark MGMT YES FOR FOR
1.06 Elect Manuel A. Fernandez MGMT YES FOR FOR
1.07 Elect Benjamin H. Griswold IV MGMT YES FOR FOR
1.08 Elect Anthony Luiso MGMT YES FOR FOR
1.09 Elect Mark H. Willes MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
4 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
5 Restrict executive compensation SHLDR YES AGNST FOR
6 Restrict executive compensation SHLDR YES AGNST FOR
Boeing Co BA 097023105 5/2/05 Annual
1.01 Elect Kenneth M. Duberstein MGMT YES FOR FOR
1.02 Elect W. James McNerney Jr. MGMT YES FOR FOR
1.03 Elect Lewis E. Platt MGMT YES FOR FOR
1.04 Elect Mike S. Zafirovski MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Develop/report on human rights policy SHLDR YES AGNST FOR
4 Review military contracting criteria SHLDR YES AGNST FOR
5 Review political spending or lobbying SHLDR YES FOR AGNST
6 Repeal classified board SHLDR YES FOR AGNST
7 Eliminate supermajority provision SHLDR YES FOR AGNST
8 Majority vote shareholder committee SHLDR YES AGNST FOR
9 Independent board chairman SHLDR YES AGNST FOR
Brinker International Inc EAT 109641100 11/4/04 Annual
1.01 Elect Douglas H. Brooks MGMT YES FOR FOR
1.02 Elect Daniel W. Cook III MGMT YES FOR FOR
1.03 Elect Robert M. Gates MGMT YES FOR FOR
1.04 Elect Marvin J. Girouard MGMT YES FOR FOR
1.05 Elect Ronald Kirk MGMT YES FOR FOR
1.06 Elect George R. Mrkonic Jr. MGMT YES FOR FOR
1.07 Elect Erle Nye MGMT YES FOR FOR
1.08 Elect James E. Oesterreicher MGMT YES FOR FOR
1.09 Elect Cece Smith MGMT YES FOR FOR
2 Ratify Selection of Auditors MGMT YES FOR FOR
3 Review or Reduce Tobacco Harm to Health SHLDR YES AGNST FOR
Campbell Soup Co CPB 134429109 11/18/04 Annual
1.01 Elect John F. Brock MGMT YES FOR FOR
1.02 Elect Edmund M. Carpenter MGMT YES FOR FOR
1.03 Elect Paul R. Charron MGMT YES FOR FOR
1.04 Elect Douglas R. Conant MGMT YES FOR FOR
1.05 Elect Bennett Dorrance MGMT YES FOR FOR
1.06 Elect Kent B. Foster MGMT YES FOR FOR
1.07 Elect Harvey Golub MGMT YES FOR FOR
1.08 Elect Randall W. Larrimore MGMT YES FOR FOR
1.09 Elect Philip E. Lippincott MGMT YES FOR FOR
1.10 Elect Mary A. Malone MGMT YES FOR FOR
1.11 Elect David C. Patterson MGMT YES FOR FOR
1.12 Elect Charles R. Perrin MGMT YES FOR FOR
1.13 Elect Donald M. Stewart MGMT YES FOR FOR
1.14 Elect George Strawbridge Jr. MGMT YES FOR FOR
1.15 Elect Les C. Vinney MGMT YES FOR FOR
1.16 Elect Charlotte C. Weber MGMT YES FOR FOR
2 Ratify Selection of Auditors MGMT YES FOR FOR
3 Reapprove Option/Bonus Plan for OBRA MGMT YES FOR FOR
Cendant Corp CD 151313103 4/26/05 Annual
1.01 Elect Myra J. Biblowit MGMT YES FOR FOR
1.02 Elect Leonard S. Coleman MGMT YES FOR FOR
1.03 Elect Cheryl D. Mills MGMT YES FOR FOR
1.04 Elect M. Brian Mulroney MGMT YES FOR FOR
1.05 Elect Robert E. Nederlander MGMT YES FOR FOR
1.06 Elect Ronald L. Nelson MGMT YES FOR FOR
1.07 Elect Robert W. Pittman MGMT YES FOR FOR
1.08 Elect Pauline D.E. Richards MGMT YES FOR FOR
1.09 Elect Sheli Z. Rosenberg MGMT YES FOR FOR
1.10 Elect Robert F. Smith MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Amend deferred compensation plan MGMT YES FOR FOR
4 Adopt employee stock purchase plan MGMT YES AGNST AGNST
5 Restrict executive compensation SHLDR YES AGNST FOR
6 Golden parachutes SHLDR YES AGNST FOR
Corning Inc GLW 219350105 4/28/05 Annual
1.01 Elect John Seely Brown MGMT YES FOR FOR
1.02 Elect Gordon Gund MGMT YES FOR FOR
1.03 Elect John M. Hennessy MGMT YES FOR FOR
1.04 Elect H. Onno Ruding MGMT YES FOR FOR
2 Adopt Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
Correctional Properties Trust CPV 22025E104 4/28/05 Annual
1.01 Elect Robert R. Veach Jr. MGMT YES FOR FOR
1.02 Elect Richard R. Wackenhut MGMT YES FOR FOR
1.03 Elect Kevin J. Foley MGMT YES FOR FOR
2 Amend Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
Disney (Walt) Co DIS 254687106 2/11/05 Annual
1.01 Elect John E. Bryson MGMT YES FOR FOR
1.02 Elect John S. Chen MGMT YES FOR FOR
1.03 Elect Michael D. Eisner MGMT YES FOR FOR
1.04 Elect Judith L. Estrin MGMT YES FOR FOR
1.05 Elect Robert A. Iger MGMT YES FOR FOR
1.06 Elect Aylwin B. Lewis MGMT YES FOR FOR
1.07 Elect Fred Horst Langhammer MGMT YES FOR FOR
1.08 Elect Monica C. Lozano MGMT YES FOR FOR
1.09 Elect Robert W. Matschullat MGMT YES FOR FOR
1.10 Elect George J. Mitchell MGMT YES FOR FOR
1.11 Elect Leo J. O'Donovan MGMT YES FOR FOR
1.12 Elect Gary L. Wilson MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt Stock Incentive Plan MGMT YES AGNST AGNST
4 Adopt antigreenmail provision SHLDR YES FOR AGNST
5 Review global labor practices SHLDR YES AGNST FOR
Du Pont (E I) de Nemours DD 263534109 4/27/05 Annual
1.01 Elect Alain J.P. Belda MGMT YES FOR FOR
1.02 Elect Richard H. Brown MGMT YES FOR FOR
1.03 Elect Curtis J. Crawford MGMT YES FOR FOR
1.04 Elect John T. Dillon MGMT YES FOR FOR
1.05 Elect Louisa C. Duemling MGMT YES FOR FOR
1.06 Elect Charles O. Holliday Jr. MGMT YES FOR FOR
1.07 Elect Lois D. Juliber MGMT YES FOR FOR
1.08 Elect Masahisa Naitoh MGMT YES FOR FOR
1.09 Elect William K. Reilly MGMT YES FOR FOR
1.10 Elect H. Rodney Sharp III MGMT YES FOR FOR
1.11 Elect Charles M. Vest MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Disclose prior government service SHLDR YES AGNST FOR
4 Monitor/adopt ILO conventions SHLDR YES AGNST FOR
5 Link executive pay to social criteria SHLDR YES AGNST FOR
6 Review or promote animal welfare SHLDR YES AGNST FOR
7 Review or curb bioengineering SHLDR YES AGNST FOR
8 Award performance-based stock options SHLDR YES AGNST FOR
9 Report on environmental impact or plans SHLDR YES AGNST FOR
EMC Corp EMC 268648102 5/5/05 Annual
1.01 Elect Michael J. Cronin MGMT YES FOR FOR
1.02 Elect W. Paul Fitzgerald MGMT YES FOR FOR
1.03 Elect Joseph M. Tucci MGMT YES FOR FOR
2 Add Shares to Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
4 Award performance-based stock options SHLDR YES AGNST FOR
5 Increase audit committee independence SHLDR YES AGNST FOR
Equity Office Properties Trust EOP 294741103 5/24/05 Annual
1.01 Elect Marilyn A. Alexander MGMT YES FOR FOR
1.02 Elect Thomas E. Dobrowski MGMT YES FOR FOR
1.03 Elect William M. Goodyear MGMT YES FOR FOR
1.04 Elect James D. Harper Jr. MGMT YES FOR FOR
1.05 Elect Richard D. Kincaid MGMT YES FOR FOR
1.06 Elect David K. McKown MGMT YES FOR FOR
1.07 Elect Sheli Z. Rosenberg MGMT YES FOR FOR
1.08 Elect Stephen I. Sadove MGMT YES FOR FOR
1.09 Elect Sally Susman MGMT YES FOR FOR
1.10 Elect Jan H.W.R. van der Vlist MGMT YES FOR FOR
1.11 Elect Samuel Zell MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
Equity Residential EQR 29476L107 5/26/05 Annual
1.01 Elect John W Alexander MGMT YES FOR FOR
1.02 Elect Charles L. Atwood MGMT YES FOR FOR
1.03 Elect Bruce W. Duncan MGMT YES FOR FOR
1.04 Elect Stephen O. Evans MGMT YES FOR FOR
1.05 Elect James D. Harper Jr. MGMT YES FOR FOR
1.06 Elect Boone A. Knox MGMT YES FOR FOR
1.07 Elect Desiree G. Rogers MGMT YES FOR FOR
1.08 Elect Sheli Z. Rosenberg MGMT YES FOR FOR
1.09 Elect Gerald A. Spector MGMT YES FOR FOR
1.10 Elect B. Joseph White MGMT YES FOR FOR
1.11 Elect Samuel Zell MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
FedEx Corp FDX 31428X106 9/27/04 Annual
1.01 Elect Charles T. Manatt MGMT YES FOR FOR
1.02 Elect Judith L. Estrin MGMT YES FOR FOR
1.03 Elect Philip Greer MGMT YES FOR FOR
1.04 Elect J.R. Hyde III MGMT YES FOR FOR
1.05 Elect Shirley A. Jackson MGMT YES FOR FOR
1.06 Elect Frederick W. Smith MGMT YES FOR FOR
2 Repeal Classified Board MGMT YES FOR FOR
3 Add Shares to Stock Option Plan MGMT YES AGNST AGNST
4 Ratify Selection of Auditors MGMT YES FOR FOR
Finlay Enterprises Inc FNLY 317884203 9/8/04 Special
1 Approve Annual Bonus Plan MGMT YES FOR FOR
2 Amend Long-term Bonus Plan MGMT YES FOR FOR
General Electric Co GE 369604103 4/27/05 Annual
1.01 Elect James I. Cash Jr. MGMT YES FOR FOR
1.02 Elect William M. Castell MGMT YES FOR FOR
1.03 Elect Dennis D. Dammerman MGMT YES FOR FOR
1.04 Elect Ann M. Fudge MGMT YES FOR FOR
1.05 Elect Claudio X. Gonzalez Laporte MGMT YES FOR FOR
1.06 Elect Jeffrey R. Immelt MGMT YES FOR FOR
1.07 Elect Andrea Jung MGMT YES FOR FOR
1.08 Elect Alan G. Lafley MGMT YES FOR FOR
1.09 Elect Ralph S. Larsen MGMT YES FOR FOR
1.10 Elect Rochelle B. Lazarus MGMT YES FOR FOR
1.11 Elect Samuel A. Nunn Jr. MGMT YES FOR FOR
1.12 Elect Roger S. Penske MGMT YES FOR FOR
1.13 Elect Robert J. Swieringa MGMT YES FOR FOR
1.14 Elect Douglas A. Warner III MGMT YES FOR FOR
1.15 Elect Robert C. Wright MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt cumulative voting SHLDR YES AGNST FOR
4 Review nuclear facility/waste SHLDR YES FOR AGNST
5 Report on environmental impact or plans SHLDR YES AGNST FOR
6 Limit number of directorships SHLDR YES AGNST FOR
7 Report on sustainability SHLDR YES AGNST FOR
8 Review political spending or lobbying SHLDR YES FOR AGNST
9 Review or promote animal welfare SHLDR YES AGNST FOR
Goodrich Corp GR 382388106 4/19/05 Annual
1.01 Elect Diane C. Creel MGMT YES FOR FOR
1.02 Elect George A. Davidson Jr. MGMT YES FOR FOR
1.03 Elect Harris E. DeLoach Jr. MGMT YES FOR FOR
1.04 Elect James W. Griffith MGMT YES FOR FOR
1.05 Elect William R. Holland MGMT YES FOR FOR
1.06 Elect Marshall O. Larsen MGMT YES FOR FOR
1.07 Elect Douglas E. Olesen MGMT YES FOR FOR
1.08 Elect Alfred M. Rankin Jr. MGMT YES FOR FOR
1.09 Elect James R. Wilson MGMT YES FOR FOR
1.10 Elect A. Thomas Young MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Amend Stock Incentive Plan MGMT YES FOR FOR
Add Shares to Stock Incentive Plan
4 Amend annual bonus plan MGMT YES FOR FOR
Heinz (H J) Co HNZ 423074103 9/8/04 Annual
1.01 Elect William R. Johnson MGMT YES FOR FOR
1.02 Elect Charles E. Bunch MGMT YES FOR FOR
1.03 Elect Mary C. Choksi MGMT YES FOR FOR
1.04 Elect Leonard S. Coleman Jr. MGMT YES FOR FOR
1.05 Elect Peter H. Coors MGMT YES FOR FOR
1.06 Elect Edith E. Holiday MGMT YES FOR FOR
1.07 Elect Candace Kendle MGMT YES FOR FOR
1.08 Elect Dean R. O'Hare MGMT YES FOR FOR
1.09 Elect Lynn C. Swann MGMT YES FOR FOR
1.10 Elect Thomas J. Usher MGMT YES FOR FOR
1.11 Elect James M. Zimmerman MGMT YES FOR FOR
2 Ratify Selection of Auditors MGMT YES FOR FOR
Hewlett-Packard Co HPQ 428236103 3/16/05 Annual
1.01 Elect Lawrence T. Babbio Jr. MGMT YES FOR FOR
1.02 Elect Patricia C. Dunn MGMT YES FOR FOR
1.03 Elect Richard A. Hackborn MGMT YES FOR FOR
1.04 Elect George A. Keyworth II MGMT YES FOR FOR
1.05 Elect Robert E. Knowling Jr. MGMT YES FOR FOR
1.06 Elect Thomas J. Perkins MGMT YES FOR FOR
1.07 Elect Robert L. Ryan MGMT YES FOR FOR
1.08 Elect Lucille S. Salhany MGMT YES FOR FOR
1.09 Elect Robert P. Wayman MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Add shares to employee stock purchase plan MGMT YES AGNST AGNST
Home Depot Inc HD 437076102 5/26/05 Annual
1.01 Elect Gregory D. Brenneman MGMT YES FOR FOR
1.02 Elect Richard H. Brown MGMT YES FOR FOR
1.03 Elect John L. Clendenin MGMT YES FOR FOR
1.04 Elect Berry R. Cox MGMT YES FOR FOR
1.05 Elect Claudio X. Gonzalez Laporte MGMT YES FOR FOR
1.06 Elect Milledge A. Hart III MGMT YES FOR FOR
1.07 Elect Bonnie Guiton Hill MGMT YES FOR FOR
1.08 Elect Laban P. Jackson Jr. MGMT YES FOR FOR
1.09 Elect Lawrence R. Johnston MGMT YES FOR FOR
1.10 Elect Kenneth G. Langone MGMT YES FOR FOR
1.11 Elect Robert L. Nardelli MGMT YES FOR FOR
1.12 Elect Thomas J. Ridge MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt advance notice requirement MGMT YES FOR FOR
4 Adopt the 2005 Omnibus Stock Incentive Plan MGMT YES AGNST AGNST
5 Report on EEO SHLDR YES FOR AGNST
6 Majority vote to elect directors SHLDR YES AGNST FOR
7 Restrict executive compensation SHLDR YES AGNST FOR
8 Golden parachutes SHLDR YES AGNST FOR
9 Restrict executive compensation SHLDR YES AGNST FOR
10 Award performance-based stock options SHLDR YES AGNST FOR
11 Affirm political nonpartisanship SHLDR YES AGNST FOR
Host Marriott Corp HMT 44107P104 5/19/05 Annual
1.01 Elect Robert M. Baylis MGMT YES FOR FOR
1.02 Elect Terence C. Golden MGMT YES FOR FOR
1.03 Elect Ann McLaughlin Korologos MGMT YES FOR FOR
1.04 Elect Richard E. Marriott MGMT YES FOR FOR
1.05 Elect Judith A. McHale MGMT YES FOR FOR
1.06 Elect John B. Morse Jr. MGMT YES FOR FOR
1.07 Elect Christopher J. Nassetta MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Majority vote to elect directors SHLDR YES AGNST FOR
Johnson & Johnson JNJ 478160104 4/28/05 Annual
1.01 Elect Mary S. Coleman MGMT YES FOR FOR
1.02 Elect James G. Cullen MGMT YES FOR FOR
1.03 Elect Robert J. Darretta MGMT YES FOR FOR
1.04 Elect Michael M. E. Johns MGMT YES FOR FOR
1.05 Elect Ann Dibble Jordan MGMT YES FOR FOR
1.06 Elect Arnold G. Langbo MGMT YES FOR FOR
1.07 Elect Susan L. Lindquist MGMT YES FOR FOR
1.08 Elect Leo F. Mullin MGMT YES FOR FOR
1.09 Elect Christine A. Poon MGMT YES FOR FOR
1.10 Elect Steven S. Reinemund MGMT YES FOR FOR
1.11 Elect David Satcher MGMT YES FOR FOR
1.12 Elect William C. Weldon MGMT YES FOR FOR
2 Adopt Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
Kellogg Co K 487836108 4/29/05 Annual
1.01 Elect Claudio X. Gonzalez Laporte MGMT YES FOR FOR
1.02 Elect A. D. David Mackay MGMT YES FOR FOR
1.03 Elect William C. Richardson MGMT YES FOR FOR
1.04 Elect John L. Zabriskie MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Review or curb bioengineering SHLDR YES AGNST FOR
4 Study sale or spin-off SHLDR YES FOR AGNST
Laboratory Corp of America LH 50540R409 5/18/05 Annual
Holdings
1.01 Elect Thomas P. Mac Mahon MGMT YES FOR FOR
1.02 Elect Jean-Luc Belingard MGMT YES FOR FOR
1.03 Elect Wendy E. Lane MGMT YES FOR FOR
1.04 Elect Robert E. Mittelstaedt Jr. MGMT YES FOR FOR
1.05 Elect Arthur H. Rubenstein MGMT YES FOR FOR
1.06 Elect Andrew G. Wallace MGMT YES FOR FOR
1.07 Elect M. Keith Weikel MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
McDonald's Corp MCD 580135101 5/11/05 Annual
1.01 Elect Hall Adams Jr. MGMT YES FOR FOR
1.02 Elect Cary D. McMillan MGMT YES FOR FOR
1.03 Elect Michael J. Roberts MGMT YES FOR FOR
1.04 Elect James A. Skinner MGMT YES FOR FOR
1.05 Elect Anne-Marie Slaughter MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Review or curb bioengineering SHLDR YES AGNST FOR
Merck & Co MRK 589331107 4/26/05 Annual
1.01 Elect Rochelle B. Lazarus MGMT YES FOR FOR
1.02 Elect William G. Bowen MGMT YES FOR FOR
1.03 Elect Raymond V. Gilmartin MGMT YES FOR FOR
1.04 Elect Thomas E. Shenk MGMT YES FOR FOR
1.05 Elect Anne M. Tatlock MGMT YES FOR FOR
1.06 Elect Samuel O. Thier MGMT YES FOR FOR
1.07 Elect Wendell P. Weeks MGMT YES FOR FOR
1.08 Elect Peter C. Wendell MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Restrict executive compensation SHLDR YES AGNST FOR
4 Restrict executive compensation SHLDR YES AGNST FOR
5 Review or promote animal welfare SHLDR YES AGNST FOR
6 Independent board chairman SHLDR YES AGNST FOR
7 Review drug pricing or distribution SHLDR YES AGNST FOR
8 Review political spending or lobbying SHLDR YES FOR AGNST
9 Review AIDS pandemic's impact on company SHLDR YES AGNST FOR
Motorola Inc MOT 620076109 5/2/05 Annual
1.01 Elect Edward J. Zander MGMT YES FOR FOR
1.02 Elect H. Laurance Fuller MGMT YES FOR FOR
1.03 Elect Judy C. Lewent MGMT YES FOR FOR
1.04 Elect Walter E. Massey MGMT YES FOR FOR
1.05 Elect Thomas J. Meredith MGMT YES FOR FOR
1.06 Elect Nicholas Negroponte MGMT YES FOR FOR
1.07 Elect Indra K. Nooyi MGMT YES FOR FOR
1.08 Elect Samuel C. Scott III MGMT YES FOR FOR
1.09 Elect Ron Sommer MGMT YES FOR FOR
1.10 Elect James R. STENGEL MGMT YES FOR FOR
1.11 Elect Douglas A. Warner III MGMT YES FOR FOR
1.12 Elect John A. White MGMT YES FOR FOR
2 Restrict executive compensation SHLDR YES AGNST FOR
3 Majority vote to elect directors SHLDR YES AGNST FOR
Nike Inc NKE 654106103 9/20/04 Annual
1.01 Elect Jill K. Conway MGMT YES FOR FOR
1.02 Elect Alan B. Graf Jr. MGMT YES FOR FOR
1.03 Elect Jeanne P. Jackson MGMT YES FOR FOR
2 Ratify Selection of Auditors MGMT YES FOR FOR
Outback Steakhouse Inc OSI 689899102 4/27/05 Annual
1.01 Elect Robert D. Basham MGMT YES FOR FOR
1.02 Elect W. R. Carey Jr. MGMT YES FOR FOR
1.03 Elect Tommy Franks MGMT YES FOR FOR
1.04 Elect Toby S. Wilt MGMT YES FOR FOR
2 Amend Stock Incentive Plan MGMT YES FOR FOR
3 Approve other business MGMT YES FOR FOR
Pfizer Inc PFE 717081103 4/28/05 Annual
1.01 Elect Michael S. Brown MGMT YES FOR FOR
1.02 Elect M. Anthony Burns MGMT YES FOR FOR
1.03 Elect Robert N. Burt MGMT YES FOR FOR
1.04 Elect W. Don Cornwell MGMT YES FOR FOR
1.05 Elect William H. Gray III MGMT YES FOR FOR
1.06 Elect Constance J. Horner MGMT YES FOR FOR
1.07 Elect William R. Howell MGMT YES FOR FOR
1.08 Elect Stanley O. Ikenberry MGMT YES FOR FOR
1.09 Elect George A. Lorch MGMT YES FOR FOR
1.10 Elect Henry A. McKinnell Jr. MGMT YES FOR FOR
1.11 Elect Dana G. Mead MGMT YES FOR FOR
1.12 Elect Ruth J. Simmons MGMT YES FOR FOR
1.13 Elect William C. Steere Jr. MGMT YES FOR FOR
1.14 Elect Jean-Paul Valles MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Director tenure/retirement age SHLDR YES AGNST FOR
4 Review drug pricing or distribution SHLDR YES AGNST FOR
5 Review drug pricing or distribution SHLDR YES AGNST FOR
6 Review political spending or lobbying SHLDR YES FOR AGNST
7 Review drug pricing or distribution SHLDR YES AGNST FOR
8 Independent board chairman SHLDR YES AGNST FOR
SBC Communications Inc SBC 78387G103 4/29/05 Annual
1.01 Elect Gilbert F. Amelio MGMT YES FOR FOR
1.02 Elect August A. Busch III MGMT YES FOR FOR
1.03 Elect Martin K. Eby Jr. MGMT YES FOR FOR
1.04 Elect James A. Henderson MGMT YES FOR FOR
1.05 Elect Charles F. Knight MGMT YES FOR FOR
1.06 Elect Lynn M. Martin MGMT YES FOR FOR
1.07 Elect John B. McCoy MGMT YES FOR FOR
1.08 Elect Mary S. Metz MGMT YES FOR FOR
1.09 Elect Toni Rembe MGMT YES FOR FOR
1.10 Elect S. Donley Ritchey MGMT YES FOR FOR
1.11 Elect Joyce M. Roche MGMT YES FOR FOR
1.12 Elect Laura D'Andrea Tyson MGMT YES FOR FOR
1.13 Elect Patricia P. Upton MGMT YES FOR FOR
1.14 Elect Edward E. Whitacre Jr. MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt employee stock purchase plan MGMT YES AGNST AGNST
4 Review political spending or lobbying SHLDR YES FOR AGNST
5 Link executive pay to social criteria SHLDR YES AGNST FOR
6 Restrict executive compensation SHLDR YES AGNST FOR
7 Eliminate supermajority provision SHLDR YES FOR AGNST
Southern Co SO 842587107 5/25/05 Annual
1.01 Elect Daniel P. Amos MGMT YES FOR FOR
1.02 Elect Dorrit J. Bern MGMT YES FOR FOR
1.03 Elect Francis S. Blake MGMT YES FOR FOR
1.04 Elect Thomas F. Chapman MGMT YES FOR FOR
1.05 Elect Bruce S. Gordon MGMT YES FOR FOR
1.06 Elect Donald M. James MGMT YES FOR FOR
1.07 Elect Zack T. Pate MGMT YES FOR FOR
1.08 Elect J. Neal Purcell MGMT YES FOR FOR
1.09 Elect David M. Ratcliffe MGMT YES FOR FOR
1.10 Elect Gerald J. St. Pe MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Review political spending or lobbying SHLDR YES FOR AGNST
Staples Inc SPLS 855030102 6/13/05 Annual
1.01 Elect Brenda C. Barnes MGMT YES FOR FOR
1.02 Elect Mary Elizabeth Burton MGMT YES FOR FOR
1.03 Elect Richard J. Currie MGMT YES FOR FOR
1.04 Elect Rowland T. Moriarty MGMT YES FOR FOR
2 Add shares to the 2004 Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
4 Redeem or vote on poison pill SHLDR YES FOR AGNST
Texas Instruments Inc TXN 882508104 4/21/05 Annual
1.01 Elect James R. Adams MGMT YES FOR FOR
1.02 Elect David L. Boren MGMT YES FOR FOR
1.03 Elect Daniel A. Carp MGMT YES FOR FOR
1.04 Elect Carrie S. Cox MGMT YES FOR FOR
1.05 Elect Thomas J. Engibous MGMT YES FOR FOR
1.06 Elect Gerald W. Fronterhouse MGMT YES FOR FOR
1.07 Elect David R. Goode MGMT YES FOR FOR
1.08 Elect Pamela H. Patsley MGMT YES FOR FOR
1.09 Elect Wayne R. Sanders MGMT YES FOR FOR
1.10 Elect Ruth J. Simmons MGMT YES FOR FOR
1.11 Elect Richard K. Templeton MGMT YES FOR FOR
1.12 Elect Christine Todd Whitman MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt employee stock purchase plan MGMT YES AGNST AGNST
4 Reapprove option/bonus plan for OBRA MGMT YES FOR FOR
Time Warner Inc TWX 887317105 5/20/05 Annual
1.01 Elect James L. Barksdale MGMT YES FOR FOR
1.02 Elect Stephen F. Bollenbach MGMT YES FOR FOR
1.03 Elect Stephen M. Case MGMT YES FOR FOR
1.04 Elect Frank J. Caufield MGMT YES FOR FOR
1.05 Elect Robert C. Clark MGMT YES FOR FOR
1.06 Elect Jessica P. Einhorn MGMT YES FOR FOR
1.07 Elect Miles R. Gilburne MGMT YES FOR FOR
1.08 Elect Carla A. Hills MGMT YES FOR FOR
1.09 Elect Reuben Mark MGMT YES FOR FOR
1.10 Elect Michael A. Miles MGMT YES FOR FOR
1.11 Elect Kenneth J. Novack MGMT YES FOR FOR
1.12 Elect Richard D. Parsons MGMT YES FOR FOR
1.13 Elect Robert E. Turner MGMT YES FOR FOR
1.14 Elect Francis T. Vincent Jr. MGMT YES FOR FOR
1.15 Elect Deborah C. Wright MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Link executive pay to social criteria SHLDR YES AGNST FOR
Verizon Communications VZ 92343V104 5/5/05 Annual
1.01 Elect James R. Barker MGMT YES FOR FOR
1.02 Elect Richard L. Carrion MGMT YES FOR FOR
1.03 Elect Robert W. Lane MGMT YES FOR FOR
1.04 Elect Sandra O. Moose MGMT YES FOR FOR
1.05 Elect Joseph Neubauer MGMT YES FOR FOR
1.06 Elect Thomas H. O'Brien MGMT YES FOR FOR
1.07 Elect Hugh B. Price MGMT YES FOR FOR
1.08 Elect Ivan G. Seidenberg MGMT YES FOR FOR
1.09 Elect Walter V. Shipley MGMT YES FOR FOR
1.10 Elect John R. Stafford MGMT YES FOR FOR
1.11 Elect Robert D. Storey MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Adopt cumulative voting SHLDR YES AGNST FOR
4 Majority vote to elect directors SHLDR YES AGNST FOR
5 Increase board independence SHLDR YES FOR AGNST
6 Independent board chairman SHLDR YES AGNST FOR
7 Director liability SHLDR YES AGNST FOR
8 Review political spending or lobbying SHLDR YES FOR AGNST
Wal-Mart Stores WMT 931142103 6/3/05 Annual
1.01 Elect James W. Breyer MGMT YES FOR FOR
1.02 Elect M. Michele Burns MGMT YES FOR FOR
1.03 Elect Douglas N. Daft MGMT YES FOR FOR
1.04 Elect David D. Glass MGMT YES FOR FOR
1.05 Elect Roland A. Hernandez MGMT YES FOR FOR
1.06 Elect John D. Opie MGMT YES FOR FOR
1.07 Elect J. Paul Reason MGMT YES FOR FOR
1.08 Elect H. Lee Scott Jr. MGMT YES FOR FOR
1.09 Elect Jack C. Shewmaker MGMT YES FOR FOR
1.10 Elect Jose H. Villarreal MGMT YES FOR FOR
1.11 Elect John T. Walton MGMT YES FOR FOR
1.12 Elect S. Robson Walton MGMT YES FOR FOR
1.13 Elect Christopher J. Williams MGMT YES FOR FOR
1.14 Elect Linda S. Wolf MGMT YES FOR FOR
2 Adopt the 2005 Stock Incentive Plan MGMT YES AGNST AGNST
3 Ratify selection of auditors MGMT YES FOR FOR
4 Restrict executive compensation SHLDR YES AGNST FOR
5 Report on sustainability SHLDR YES AGNST FOR
6 Link executive pay to social criteria SHLDR YES AGNST FOR
7 Review political spending or lobbying SHLDR YES FOR AGNST
8 Report on EEO SHLDR YES FOR AGNST
9 Majority vote to elect directors SHLDR YES AGNST FOR
10 Increase board independence SHLDR YES FOR AGNST
11 Restrict executive compensation SHLDR YES AGNST FOR
Wendy's International Inc WEN 950590109 4/28/05 Annual
1.01 Elect John T. Schuessler MGMT YES FOR FOR
1.02 Elect Kerrii B. Anderson MGMT YES FOR FOR
1.03 Elect William E. Kirwan MGMT YES FOR FOR
1.04 Elect Ann B. Crane MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Review or curb bioengineering SHLDR YES AGNST FOR
4 Review or promote animal welfare SHLDR YES AGNST FOR
Whole Foods Market Inc WFMI 966837106 4/4/05 Annual
1.01 Elect David W. Dupree MGMT YES FOR FOR
1.02 Elect Gabrielle E Greene MGMT YES FOR FOR
1.03 Elect John Mackey MGMT YES FOR FOR
1.04 Elect Linda A. Mason MGMT YES FOR FOR
1.05 Elect Morris J. Siegel MGMT YES FOR FOR
2 Ratify selection of auditors MGMT YES FOR FOR
3 Increase authorized common stock MGMT YES FOR FOR
4 Add Shares to Stock Incentive Plan MGMT YES AGNST AGNST
5 Review or curb bioengineering SHLDR YES AGNST FOR
6 Redeem or vote on poison pill SHLDR YES FOR AGNST
Any ballot marked 'Abstain' is considered to have been voted. Ballots marked
'Abstain' are considered to be have been voted against management's
recommendation, regardless of whether the recommendation is 'For' or 'Against,'
except where management has made no recommendation or has recommended that
shareholders 'Abstain.'
Where management has recommended that shareholders 'Abstain' from voting on a
ballot item: 1) a ballot market 'Abstain' is considered to have been voted for
management's recommendation to 'Abstain' and 2) a ballot voted 'For" or
'Against' is considered to have been voted against management's recommendation
to 'Abstain.'
Where management has made no recommendation on a ballot item, the abbreviation
"N/A" is used to denote that there is no applicable recommendation compared to
which a vote may be 'For' or 'Against' the recommendation of management.
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.
Hillman Capital Management Investment Trust
By: (Signature and Title) /s/ Mark A. Hillman
_________________________________
Mark A. Hillman
Trustee, President, and Principal Executive Officer
Date: August 23, 2005