As filed with the Securities and Exchange Commission on August 22, 2008 - ------------------------------------------------------------------------------ ============================================================================== 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 811-08043 ----------------------------------------------------------- THE BERKSHIRE FUNDS (Exact name of registrant as specified in charter) 475 Milan Drive, Suite #103 San Jose, CA 95134-2453 (Address of principal executive offices) ----------------------------------------------------------- AGENT FOR SERVICE: MALCOLM R. FOBES III The Berkshire Funds 475 Milan Drive, Suite #103 San Jose, CA 95134-2453 (Name and Address of Agent for Service) COPIES TO: DONALD S. MENDELSOHN, ESQ. Thompson Hine LLP 312 Walnut Street 14th Floor Cincinnati, Ohio 45202 ----------------------------------------------------------- Registrant's telephone number, including area code: 1-408-526-0707 ----------------------------------------------------------- Date of fiscal year end: December 31 Date of reporting period: July 1, 2007 - June 30, 2008 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 infor- mation under the clearance requirements of 44 U.S.C. ss. 3507. ITEM 1. PROXY VOTING RECORD ============================================================================== COMPANY: AMAZON.COM, INC. TICKER: AMZN CUSIP: 023135106 MEETING DATE: 5/29/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Jeffrey P. Bezos For For Management 1.2 Elect Director Tom A. Alberg For For Management 1.3 Elect Director John Seely Brown For For Management 1.4 Elect Director L. John Doerr For For Management 1.5 Elect Director William B. Gordon For For Management 1.6 Elect Director Myrtle S. Potter For For Management 1.7 Elect Director Thomas O. Ryder For For Management 1.8 Elect Director Patricia Q. Stonesifer For For Management 2 Ratify Ernst & Young LLP as Auditors. For For Management ============================================================================== COMPANY: APPLE, INC. TICKER: AAPL CUSIP: 037833100 MEETING DATE: 3/4/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director William V. Campbell For For Management 1.2 Elect Director Millard S. Drexler For For Management 1.3 Elect Director Albert A. Gore, Jr. For For Management 1.4 Elect Director Steven P. Jobs For For Management 1.5 Elect Director Andrea Jung For For Management 1.6 Elect Director Arthur D. Levinson For For Management 1.7 Elect Director Eric E. Schmidt For For Management 1.8 Elect Director Jerome B. York For For Management 2 Ratify KPMG LLP as Auditors. For For Management 3 To consider a shareholder proposal entitled "Advisory Vote on Compensation", if properly presented at the meeting. Against Against Shareholder 4 To consider a shareholder proposal entitled "Amend Corporate Bylaws Establishing a Board Committee on Sustainabilty", if properly presented at the meeting. Against Against Shareholder ============================================================================== COMPANY: APPLIED MATERIALS, INC. TICKER: AMAT CUSIP: 038222105 MEETING DATE: 3/11/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Robert H. Brust For For Management 1.2 Elect Director Deborah A. Coleman For For Management 1.3 Elect Director Aart J. De Geus For For Management 1.4 Elect Director Philip V. Gerdine For For Management 1.5 Elect Director Thomas J. Iannotti For For Management 1.6 Elect Director Charles Y.S. Liu For For Management 1.7 Elect Director James C. Morgan For For Management 1.8 Elect Director Gerhard H. Parker For For Management 1.9 Elect Director Dennis D. Powell For For Management 1.10 Elect Director Williem P. Roelandts For For Management 1.11 Elect Director Michael R. Splinter For For Management 2 Ratify KPMG LLP as Auditors. For For Management ============================================================================== COMPANY: BROADCOM CORP. TICKER: BRCM CUSIP: 111320107 MEETING DATE: 6/19/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director George L. Farinsky For For Management 1.2 Elect Director Nancy H. Handel For For Management 1.3 Elect Director Eddy W. Hartenstein For For Management 1.4 Elect Director John Major For For Management 1.5 Elect Director Scott A. McGregor For For Management 1.6 Elect Director Alan E. Ross For For Management 1.7 Elect Director Henry Samueli, Ph.D. For For Management 1.8 Elect Director Robert E. Switz For For Management 2 To approve an amendment and restatement of Broadcom's 1998 Stock Incentive Plan, as previously amended and restated, all as more fully described in the Proxy Statement. For For Management 3 To Approve an amendment and restatement of Broadcom's 1998 Employee Stock Purchase Plan, as previously amended and restated, all as more fully described in the Proxy Statement. For For Management 4 Ratify KPMG LLP as Auditors. For For Management ============================================================================== COMPANY: CHINA MOBILE LTD. TICKER: CHL CUSIP: 16941M109 MEETING DATE: 5/8/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1 To receive and consider the audited financial statements and the reports of the Directors and Auditors. For For Management 2.1 To declare an ordinary final dividend for the year ended December 31, 2007. For For Management 2.2 To declare a special final dividend for the year ended December 31, 2007. For For Management 3.1 Elect Director Lu Xiangdong For For Management 3.2 Elect Director Xue Taohai For For Management 3.3 Elect Director Huang Wenlin For For Management 3.4 Elect Director Xin Fanfei For For Management 3.5 Elect Director Lo Ka Shui For For Management 4 Ratify KPMG LLP as Auditors. For For Management 5 To give a general mandate to the Directors to repurchase shares in the company. For For Management 6 To give a general mandate to the Directors to issue, allot and deal with additional shares in the Company not exceeding 20% of the aggregate nominal amount of the existing issued share capital. For For Management 7 To extend the general mandate granted to the Directors to issue, allot and deal with shares by the number of shares repurchased. For For Management ============================================================================== COMPANY: CISCO SYSTEMS, INC. TICKER: CSCO CUSIP: 17275R102 MEETING DATE: 11/15/07 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Carol A. Bartz For For Management 1.2 Elect Director M. Michele Burns For For Management 1.3 Elect Director Michael D. Capellas For For Management 1.4 Elect Director Larry R. Carter For For Management 1.5 Elect Director John T. Chambers For For Management 1.6 Elect Director Brian L. Halla For For Management 1.7 Elect Director Dr. John L. Hennessy For For Management 1.8 Elect Director Richard M. Kovacevich For For Management 1.9 Elect Director Roderick C. McGeary For For Management 1.10 Elect Director Michael K. Powell For For Management 1.11 Elect Director Steven M. West For For Management 1.12 Elect Director Jerry Yang For For Management 2 To approve the amendment and extension of the 2005 Stock Incentive Plan. For For Management 3 To approve the Executive Incentive Plan with respect to current and future covered employees and executive officers. For For Management 4 Ratify Pricewaterhousecoopers Auditors. For For Management 5 Proposal submitted by shareholders requesting the Board to establish a Board Committee on Human Rights. Against Against Shareholder 6 Proposal submitted by a shareholder requesting that the Board establish a pay-for-superior-performance standard in the Company's executive compensation plan for senior executives. Against Against Shareholder 7 Proposal submitted by shareholders requesting the Board adopt a policy that shareholders be given the opportunity at each annual meeting of shareholders to vote on an advisory resolution to ratify the compensation of the named executive officers. Against Against Shareholder 8 Proposal submitted by shareholders requesting the Board to publish and report to shareholders within six months providing a summarized listing and assessment of concrete steps Cisco could reasonably take to reduce the likelihood that its business practices might enable or encourage the violation of human rights, as set forth in the accompanying Proxy Statement. Against Against Shareholder ============================================================================== COMPANY: CYPRESS SEMICONDUCTOR CORP. TICKER: CY CUSIP: 232806109 MEETING DATE: 5/9/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director T.J. Rodgers For For Management 1.2 Elect Director W. Steve Albrecht For For Management 1.3 Elect Director Eric A. Benhamou For For Management 1.4 Elect Director Lloyd Carney For For Management 1.5 Elect Director James R. Long For For Management 1.6 Elect Director J. Daniel McCranie For For Management 1.7 Elect Director Evert Van De Ven For For Management 2 Ratify Pricewaterhousecoopers Auditors. For For Management 3 Proposal to amend and restate the 1994 Stock Plan. For For Management 4 Proposal to approve the Performance Bonus Plan. For For Management ============================================================================== COMPANY: EBAY, INC. TICKER: EBAY CUSIP: 278642103 MEETING DATE: 6/19/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Fred D. Anderson For For Management 1.2 Elect Director Edward W. Barnholt For For Management 1.3 Elect Director Scott D. Cook For For Management 1.4 Elect Director John J. Donahoe For For Management 2 Approval of our 2008 Equity Incentive Award Plan. For For Management 3 Ratify Pricewaterhousecoopers Auditors. For For Management ============================================================================== COMPANY: EMC CORP. TICKER: EMC CUSIP: 268648102 MEETING DATE: 5/21/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Michael W. Brown For For Management 1.2 Elect Director Michael J. Cronin For For Management 1.3 Elect Director Gail Deegan For For Management 1.4 Elect Director John R. Egan For For Management 1.5 Elect Director W. Paul Fitzgerald For For Management 1.6 Elect Director Olli-Pekka Kallasvuo For For Management 1.7 Elect Director Edmund F. Kelly For For Management 1.8 Elect Director Windle B. Priem For For Management 1.9 Elect Director Paul Sagan For For Management 1.10 Elect Director David N. Strohm For For Management 1.11 Elect Director Joseph M. Tucci For For Management 2 Ratify Pricewaterhousecoopers Auditors. For For Management 3 To approve amendments to EMC's Articles of Organization and Bylaws to implement majority vote for Directors, as described in EMC's Proxy Statement. For For Management 4 To approve amendments to EMC's Articles of Organization to implement simple majority vote, as described in EMC's Proxy Statement. For For Management ============================================================================== COMPANY: F5 NETWORKS, INC. TICKER: FFIV CUSIP: 315616102 MEETING DATE: 3/11/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director A. Gary Ames For For Management 1.2 Elect Director Scott Thompson For For Management 2 Ratify Pricewaterhousecoopers Auditors. For For Management ============================================================================== COMPANY: FIRST SOLAR, INC. TICKER: FSLR CUSIP: 336433107 MEETING DATE: 5/23/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Michael J. Ahearn For For Management 1.2 Elect Director Craig Kennedy For For Management 1.3 Elect Director James F. Nolan For For Management 1.4 Elect Director J. Thomas Presby For For Management 1.5 Elect Director Bruce Sohn For For Management 1.6 Elect Director Paul H. Stebbins For For Management 1.7 Elect Director Michael Sweeney For For Management 1.8 Elect Director Jose H. Villarreal For For Management 2 Ratify Pricewaterhousecoopers Auditors. For For Management ============================================================================== COMPANY: GOOGLE, INC. TICKER: GOOG CUSIP: 38259P508 MEETING DATE: 5/8/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Eric Schmidt For For Management 1.2 Elect Director Sergey Brin For For Management 1.3 Elect Director Larry Page For For Management 1.4 Elect Director L. John Doerr For For Management 1.5 Elect Director John L. Hennessy For For Management 1.6 Elect Director Arthur D. Levinson For For Management 1.7 Elect Director Ann Mather For For Management 1.8 Elect Director Paul S. Otellini For For Management 1.9 Elect Director K. Ram Shriram For For Management 1.10 Elect Director Shirley M. Tilghman For For Management 2 Ratify Ernst & Young LLP as Auditors. For For Management 3 Approval of an amendment to Google's 2004 Stock Plan to increase the number of authorized shares of Class A Common Stock issuable thereunder by 6,500,000. For For Management 4 Stockholder proposal regarding internet censorship. Against Against Shareholder 5 Stockholder proposal regarding the creation of a Board Committee on human rights. Against Against Shareholder ============================================================================== COMPANY: HEWLETT-PACKARD CO. TICKER: HPQ CUSIP: 428236103 MEETING DATE: 3/19/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director L.T. Babbio, Jr. For For Management 1.2 Elect Director S.M. Baldauf For For Management 1.3 Elect Director R.A. Hackborn For For Management 1.4 Elect Director J.H. Hammergren For For Management 1.5 Elect Director M.V. Hurd For For Management 1.6 Elect Director J.Z. Hyatt For For Management 1.7 Elect Director J.R. Joyce For For Management 1.8 Elect Director R.L. Ryan For For Management 1.9 Elect Director L.S. Salhany For For Management 1.10 Elect Director G.K. Thompson For For Management 2 Ratify Ernst & Young LLP as Auditors. For For Management ============================================================================== COMPANY: INTEGRATED DEVICE TECHNOLOGY, INC. TICKER: IDTI CUSIP: 458118106 MEETING DATE: 9/20/07 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Hock Tan For For Management 1.2 Elect Director John C. Bolger For For Management 1.3 Elect Director John Schofield For For Management 2 Approval of the amendment to the Company's 1984 Employee Stock Purchase Plan to increase the shares reserved for issuance thereunder from 13,100,000 to 15,100,000. For For Management 3 Approval of the amendment to the Company's Restated Certificate of Incorporation to remove the classified board structure. For For Management 4 Ratify Pricewaterhousecoopers Auditors. For For Management ============================================================================== COMPANY: INTEL CORP. TICKER: INTC CUSIP: 458140100 MEETING DATE: 5/21/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Craig R. Barrett For For Management 1.2 Elect Director Charlene Barshefsky For For Management 1.3 Elect Director Carol A. Bartz For For Management 1.4 Elect Director Susan L. Decker For For Management 1.5 Elect Director Reed E. Hundt For For Management 1.6 Elect Director Paul S. Otellini For For Management 1.7 Elect Director James D. Plummer For For Management 1.8 Elect Director David S. Pottruck For For Management 1.9 Elect Director Jane E. Shaw For For Management 1.10 Elect Director John L. Thornton For For Management 1.11 Elect Director David B. Yoffie For For Management 2 Ratify Ernst & Young LLP as Auditors. For For Management 3 Stockholder proposal to amend the Bylaws to establish a Board Committee on sustainability. Against Against Shareholder ============================================================================== COMPANY: INTUITIVE SURGICAL, INC. TICKER: ISRG CUSIP: 46120E602 MEETING DATE: 4/18/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Robert W. Duggan For For Management 1.2 Elect Director Floyd D. Loop For For Management 1.3 Elect Director George Stalk, Jr. For For Management ============================================================================== COMPANY: JA SOLAR HOLDINGS CO., LTD. TICKER: JASO CUSIP: 466090107 MEETING DATE: 6/30/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Elmer M. Hsu For For Management 1.2 Elect Director Erying Jia For For Management 2 To amend Article 2 of the Third Amended and Restated Articles of Association of the Company by revising "ADS, American Depositary Share, each representing three (3) shares of U.S. $0.0001 each in the Capital of the Company." to "ADS, American Depositary Share, each representing one (1) shares of U.S. $0.0001 each in the Capital of the Company." For For Management ============================================================================== COMPANY: JUNIPER NETWORKS, INC. TICKER: JNPR CUSIP: 48203R104 MEETING DATE: 5/21/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Mary B. Cranston For For Management 1.2 Elect Director J. Michael Lawrie For For Management 2 Approval of the Juniper Networks, Inc. 2008 Employee Stock Purchase Plan. For For Management 3 Ratify Ernst & Young LLP as Auditors. For For Management ============================================================================== COMPANY: MARVELL TECHNOLOGY GROUP LTD. TICKER: MRVL CUSIP: G5876H105 MEETING DATE: 10/19/07 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Paul R. Gray, Ph.D. For For Management 2 Ratify Pricewaterhousecoopers Auditors. For For Management 3 To approve the 2007 Director Stock Incentive Plan. For For Management ============================================================================== COMPANY: MEMC ELECTRONIC MATERIALS, INC. TICKER: WFR CUSIP: 552715104 MEETING DATE: 4/23/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Peter Blackmore For For Management 1.2 Elect Director Nabeel Gareeb For For Management 1.3 Elect Director Marshall Turner For For Management 2 Ratify KPMG LLP as Auditors. For For Management ============================================================================== COMPANY: NOKIA CORP. TICKER: NOK CUSIP: 654902204 MEETING DATE: 5/8/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Georg Ehrnrooth For For Management 1.2 Elect Director Lalita D. Gupte For For Management 1.3 Elect Director Bengt Holmstrom For For Management 1.4 Elect Director Henning Kagermann For For Management 1.5 Elect Director Olli-Pekka Kallasvuo For For Management 1.6 Elect Director Per Karlsson For For Management 1.7 Elect Director Jorma Ollila For For Management 1.8 Elect Director Marjorie Scardino For For Management 1.9 Elect Director Risto Siilasmaa For For Management 1.10 Elect Director Keijo Suila For For Management 2 Approval of the Annual Accounts. For For Management 3 Approval of the distribution of the profit for the year, payment of dividend. For For Management 4 Approval of the discharge of the Chairman, the members of the Board of Directors, and the President, from liability. For Abstain Management 5 Approval of the remuneration to the members of the Board of Directors. For For Management 6 Approval of the number of the members of the Board of Directors. For For Management 7 Approval of the auditor remuneration. For For Management 8 Approval Pricewaterhousecoopers Auditors. For For Management 9 Approval of the authorization to the Board of Directors to resolve to repurchase Nokia shares. For For Management ============================================================================== COMPANY: NVIDIA CORP. TICKER: NVDA CUSIP: 67066G104 MEETING DATE: 6/19/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Steven Chu For For Management 1.2 Elect Director Harvey C. Jones For For Management 1.3 Elect Director William J. Miller For For Management 2 To approve an amendment to the Nvidia Corporation Certificate of Incorporation. For For Management 3 Ratify Pricewaterhousecoopers Auditors. For For Management ============================================================================== COMPANY: PMC-SIERRA, INC. TICKER: PMCS CUSIP: 69344F106 MEETING DATE: 4/30/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Robert L. Bailey For For Management 1.2 Elect Director Richard E. Belluzzo For For Management 1.3 Elect Director James V. Diller, Sr. For For Management 1.4 Elect Director Michael R. Farese For For Management 1.5 Elect Director Jonathan J. Judge For For Management 1.6 Elect Director William H. Kurtz For For Management 1.7 Elect Director Frank J. Marshall For For Management 2 Ratify Deloitte & Touche LLP as Auditors. For For Management 3 To approve the 2008 Equity Plan. For For Management 4 To vote on a proposal submitted by stockholders if properly presented at the meeting. Against Against Shareholder ============================================================================== COMPANY: RESEARCH IN MOTION LTD. TICKER: RIMM CUSIP: 760975102 MEETING DATE: 7/17/07 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director James Balsillie For For Management 1.2 Elect Director Michael Lazaridis For For Management 1.3 Elect Director James Estill For For Management 1.4 Elect Director David Kerr For For Management 1.5 Elect Director Roger Martin For For Management 1.6 Elect Director John Richardson For For Management 1.7 Elect Director Barbara Stymiest For For Management 1.8 Elect Director John Wetmore For For Management 2 Ratify Ernst & Young LLP as Auditors. For For Management 3 In respect of a resolution approving certain amendments to the Company's Stock Option Plan. For For Management ============================================================================== COMPANY: SALESFORCE.COM, INC. TICKER: CRM CUSIP: 79466L302 MEETING DATE: 7/12/07 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Stratton Sclavos For For Management 1.2 Elect Director Lawrence Tomlinson For For Management 1.3 Elect Director Shirley Young For For Management 2 Ratify Ernst & Young LLP as Auditors. For For Management ============================================================================== COMPANY: SUNPOWER CORP. TICKER: SPWR CUSIP: 867652109 MEETING DATE: 5/8/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director W. Steve Albrecht For For Management 1.2 Elect Director Betsy S. Atkins For For Management 1.3 Elect Director T.J. Rodgers For For Management 1.4 Elect Director Thomas W. Werner For For Management 1.5 Elect Director Pat Wood III For For Management 2 Ratify Pricewaterhousecoopers Auditors. For For Management 3 Proposal to approve the Second Amended and Restated Sunpower Corporation 2005 Stock Incentive Plan, all as more fully described in the Proxy Statement. For For Management 4 Proposal to approve the Amended and Restated Sunpower Corporation Annual Key Employee Bonus Plan. For For Management ============================================================================== COMPANY: TEXAS INSTRUMENTS, INC. TICKER: TXN CUSIP: 882508104 MEETING DATE: 4/17/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director J.R. Adams For For Management 1.2 Elect Director D.L. Boren For For Management 1.3 Elect Director D.A. Carp For For Management 1.4 Elect Director C.S. Cox For For Management 1.5 Elect Director D.R. Goode For For Management 1.6 Elect Director P.H. Patsley For For Management 1.7 Elect Director W.R. Sanders For For Management 1.8 Elect Director R.J. Simmons For For Management 1.9 Elect Director R.K. Templeton For For Management 1.10 Elect Director C.T. Whitman For For Management 2 Ratify Ernst & Young LLP as Auditors. For For Management 3 Stockholder proposal regarding qualifications for Director nominees. Against Against Shareholder ============================================================================== COMPANY: VMWARE, INC. TICKER: VMW CUSIP: 928563402 MEETING DATE: 5/14/08 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1 Election of Class I, Group II Director by holders of Class A and Class B common stock: Renee J. James (to serve a three-year term). For For Management 2 Ratify Pricewaterhousecoopers Auditors. For For Management 3 To approve VMWare's 2007 Equity and Incentive Plan as described in VMWare's Proxy Statement. For For 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 under- signed, thereunto duly authorized. The Berkshire Funds - ------------------- /s/ Malcolm R. Fobes III - ------------------------ Malcolm R. Fobes III President August 22, 2008 - ---------------