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 811-10319
The Jensen Portfolio, Inc.
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(Exact name of registrant as specified in charter)
2130 Pacwest Center, 1211 SW Fifth Avenue
Portland, OR 97204-3721
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(Address of principal executive offices) (Zip code)
Gary Hibler
2130 Pacwest Center, 1211 SW Fifth Avenue
Portland, OR 97204-3721
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(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 221-4384
Date of fiscal year end: 05/31
Date of reporting period: 07/01/2003 - 06/30/2004
ITEM 1. PROXY VOTING RECORD
The information contained herein discloses the following information for each
matter relating to a portfolio security considered at any shareholder meeting
held during the period covered by the report and with respect to which the
registrant was entitled to vote:
(a) The name of the issuer of the portfolio security;
(b) The exchange ticker symbol of the portfolio security;
(c) The Council on Uniform Securities Identification Procedures ("CUSIP") number
for the portfolio security;
(d) The shareholder meeting date;
(e) A brief identification of the matter voted on;
(f) Whether the matter was proposed by the issuer or by a security holder;
(g) Whether the registrant cast its vote on the matter;
(h) How the registrant cast its vote (e.g., for or against proposal, or abstain;
for or withhold regarding election of directors); and
(i) Whether the registrant cast its vote for or against management.
JENSEN PORTFOLIO
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ABBOTT LABORATORIES Agenda: 932104704
CUSIP: 002824100 Meeting Type: Annual
Ticker: ABT Meeting Date: 4/23/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 R.S. AUSTIN Mgmt For For
M.D. WHITE Mgmt For For
J.R. WALTER Mgmt For For
W.D. SMITHBURG Mgmt For For
R.S. ROBERTS Mgmt For For
W.A. REYNOLDS Mgmt For For
A.B. RAND Mgmt For For
B. POWELL JR. Mgmt For For
D.A.L. OWEN Mgmt For For
J.M. LEIDEN Mgmt For For
J.M. GREENBERG Mgmt For For
H.L. FULLER Mgmt For For
R.A. GONZALEZ Mgmt For For
02 RATIFICATION OF DELOITTE & TOUCHE LLP Mgmt For For
AS AUDITORS.
03 SHAREHOLDER PROPOSAL - PRESCRIPTION Shr Against For
DRUGS.
04 SHAREHOLDER PROPOSAL - POLITICAL Shr Against For
CONTRIBUTIONS.
05 SHAREHOLDER PROPOSAL - OPTION GRANTS Shr Against For
FOR SENIOR EXECUTIVES.
06 SHAREHOLDER PROPOSAL - GLOBAL Shr Against For
INFECTIOUS DISEASES.
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AUTOMATIC DATA PROCESSING, INC. Agenda: 932040152
CUSIP: 053015103 Meeting Type: Annual
Ticker: ADP Meeting Date: 11/11/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 JOSEPH A. CALIFANO, JR. Mgmt For For
GREGORY D. BRENNEMAN Mgmt For For
GARY C. BUTLER Mgmt For For
LEON G. COOPERMAN Mgmt For For
ANN DIBBLE JORDAN Mgmt For For
HARVEY M. KRUEGER Mgmt For For
FREDERIC V. MALEK Mgmt For For
HENRY TAUB Mgmt For For
01 ARTHUR F. WEINBACH Mgmt For For
JOSH S. WESTON Mgmt For For
LESLIE A. BRUN Mgmt For For
02 APPROVAL OF THE AMENDMENTS TO THE Mgmt For For
COMPANY S 2000 KEY EMPLOYEES STOCK
OPTION PLAN
03 APPROVAL OF THE AMENDMENT TO THE Mgmt For For
COMPANY S EMPLOYEES SAVINGS- STOCK
PURCHASE PLAN
04 APPROVAL OF THE COMPANY S 2003 Mgmt For For
DIRECTOR STOCK PLAN
05 APPOINTMENT OF DELOITTE & TOUCHE LLP Mgmt For For
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THE CLOROX COMPANY Agenda: 932048158
CUSIP: 189054109 Meeting Type: Annual
Ticker: CLX Meeting Date: 11/19/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 KLAUS MORWIND Mgmt For For
JAN L. MURLEY Mgmt For For
LARY R. SCOTT Mgmt For For
MICHAEL E. SHANNON Mgmt For For
G. CRAIG SULLIVAN Mgmt For For
GARY G. MICHAEL Mgmt For For
ROBERT W. MATSCHULLAT Mgmt For For
GERALD E. JOHNSTON Mgmt For For
WILLIAM R. JOHNSON Mgmt For For
CHRISTOPH HENKEL Mgmt For For
TULLY M. FRIEDMAN Mgmt For For
DANIEL BOGGAN, JR. Mgmt For For
02 PROPOSAL TO APPROVE THE CLOROX COMPANY Mgmt For For
INDEPENDENT DIRECTORS STOCK-BASED
COMPENSATION PLAN.
03 PROPOSAL TO RATIFY THE SELECTION OF Mgmt For For
ERNST & YOUNG LLP, CERTIFIED PUBLIC
ACCOUNTANTS, FOR THE FISCAL YEAR
ENDING JUNE 30, 2004.
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THE COCA-COLA COMPANY Agenda: 932100352
CUSIP: 191216100 Meeting Type: Annual
Ticker: KO Meeting Date: 4/21/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 J. PEDRO REINHARD Mgmt For For
HERBERT A. ALLEN Mgmt For For
DOUGLAS N. DAFT Mgmt For For
01 CATHLEEN P. BLACK Mgmt For For
ROBERT L. NARDELLI Mgmt For For
JAMES B. WILLIAMS Mgmt For For
SAM NUNN Mgmt For For
WARREN E. BUFFETT Mgmt For For
DONALD R. KEOUGH Mgmt For For
SUSAN BENNETT KING Mgmt For For
MARIA ELENA LAGOMASINO Mgmt For For
DONALD F. MCHENRY Mgmt For For
RONALD W. ALLEN Mgmt For For
BARRY DILLER Mgmt For For
JAMES D. ROBINSON III Mgmt For For
PETER V. UEBERROTH Mgmt For For
02 RATIFICATION OF THE APPOINTMENT OF Mgmt For For
ERNST & YOUNG LLP AS INDEPENDENT
AUDITORS
03 SHARE-OWNER PROPOSAL REGARDING REPORT Shr For For
RELATED TO GLOBAL HIV/AIDS PANDEMIC
04 SHARE-OWNER PROPOSAL REGARDING STOCK Shr Against For
OPTION GLASS CEILING REPORT
05 SHARE-OWNER PROPOSAL REGARDING Shr Against For
EXECUTIVE COMPENSATION
06 SHARE-OWNER PROPOSAL REGARDING Shr Against For
RESTRICTED STOCK
07 SHARE-OWNER PROPOSAL REGARDING SENIOR Shr Against For
EXECUTIVE PARTICIPATION IN COMPANY S
COMPENSATION AND DEFERRAL INVESTMENT
PROGRAM
08 SHARE-OWNER PROPOSAL ON CHINA BUSINESS Shr Against For
PRINCIPLES
09 SHARE-OWNER PROPOSAL REGARDING Shr Against For
SEPARATE POSITIONS OF CEO AND CHAIRMAN
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COLGATE-PALMOLIVE COMPANY Agenda: 932126774
CUSIP: 194162103 Meeting Type: Annual
Ticker: CL Meeting Date: 5/7/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 D.E. LEWIS Mgmt For For
J.K. CONWAY Mgmt For For
R. MARK Mgmt For For
R.J. KOGAN Mgmt For For
D.W. JOHNSON Mgmt For For
E.M. HANCOCK Mgmt For For
C.M. GUTIERREZ Mgmt For For
R.E. FERGUSON Mgmt For For
01 E.A. MONRAD Mgmt For For
02 RATIFY SELECTION OF Mgmt For For
PRICEWATERHOUSECOOPERS LLP AS
INDEPENDENT AUDITORS
03 REAPPROVAL OF PORTIONS OF THE Mgmt For For
COMPANY S STOCKHOLDER-APPROVED
EXECUTIVE INCENTIVE COMPENSATION PLAN
04 STOCKHOLDER PROPOSAL ON GOLDEN Shr Against For
PARACHUTE SEVERANCE PAY
05 STOCKHOLDER PROPOSAL ON WORKPLACE Shr Against For
HUMAN RIGHTS
06 STOCKHOLDER PROPOSAL ON INDEPENDENT Shr Against For
CHAIRMAN
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DIONEX CORPORATION Agenda: 932048920
CUSIP: 254546104 Meeting Type: Annual
Ticker: DNEX Meeting Date: 10/24/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 RICCARDO PIGLIUCCI Mgmt For For
B.J. MOORE Mgmt For For
MICHAEL W. POPE Mgmt For For
DAVID L. ANDERSON Mgmt For For
A. BLAINE BOWMAN Mgmt For For
LUKAS BRAUNSCHWEILER Mgmt For For
02 TO APPROVE ADOPTION OF THE 2003 Mgmt For For
EMPLOYEE STOCK PARTICIPATION PLAN.
03 TO RATIFY THE SELECTION OF DELOITTE & Mgmt For For
TOUCHE LLP AS INDEPENDENT AUDITORS OF
THE COMPANY FOR ITS FISCAL YEAR ENDING
JUNE 30, 2004.
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EMERSON ELECTRIC CO. Agenda: 932076791
CUSIP: 291011104 Meeting Type: Annual
Ticker: EMR Meeting Date: 2/3/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 E.E. WHITACRE, JR. Mgmt For For
C.F. KNIGHT Mgmt For For
G.A. LODGE Mgmt For For
C. FERNANDEZ G. Mgmt For For
R.L. RIDGWAY Mgmt For For
02 RE-APPROVAL OF PERFORMANCE MEASURES Mgmt For For
UNDER THE EMERSON ELECTRIC CO. 1997
INCENTIVE SHARES PLAN
03 RATIFICATION OF INDEPENDENT AUDITORS Mgmt For For
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EQUIFAX INC. Agenda: 932110721
CUSIP: 294429105 Meeting Type: Annual
Ticker: EFX Meeting Date: 4/28/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 L. PHILLIP HUMANN Mgmt For For
JAMES E. COPELAND, JR Mgmt For For
LEE A. AULT III Mgmt For For
JOHN L. CLENDENIN Mgmt For For
A. WILLIAM DAHLBERG Mgmt For For
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FANNIE MAE Agenda: 932154420
CUSIP: 313586109 Meeting Type: Annual
Ticker: FNM Meeting Date: 5/25/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 F.D. RAINES Mgmt For For
L. RAHL Mgmt For For
J.K. PICKETT Mgmt For For
A.M. MULCAHY Mgmt For For
D.H. MUDD Mgmt For For
D.B. MARRON Mgmt For For
A. KOROLOGOS Mgmt For For
T.P. GERRITY Mgmt For For
S.B. ASHLEY Mgmt For For
F.V. MALEK Mgmt For For
H.P. SWYGERT Mgmt For For
K.M. DUBERSTEIN Mgmt For For
T. HOWARD Mgmt For For
02 RATIFICATION OF THE SELECTION OF Mgmt For For
AUDITORS
03 APPROVAL OF AN AMENDMENT TO THE FANNIE Mgmt For For
MAE EMPLOYEE STOCK PURCHASE PLAN
04 STOCKHOLDER PROPOSAL TO REINSTATE Shr Against For
CUMULATIVE VOTING
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GANNETT CO., INC. Agenda: 932111886
CUSIP: 364730101 Meeting Type: Annual
Ticker: GCI Meeting Date: 5/4/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 DOUGLAS H. MCCORKINDALE Mgmt For For
JAMES A. JOHNSON Mgmt For For
01 STEPHEN P. MUNN Mgmt For For
02 PROPOSAL TO RATIFY Mgmt For For
PRICEWATERHOUSECOOPERS LLP AS THE
COMPANY S AUDITORS.
03 PROPOSAL TO AMEND 2001 OMNIBUS Mgmt For For
INCENTIVE COMPENSATION PLAN.
04 SHAREHOLDER PROPOSAL CONCERNING Shr Against For
EXECUTIVE COMPENSATION.
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GENERAL ELECTRIC COMPANY Agenda: 932103346
CUSIP: 369604103 Meeting Type: Annual
Ticker: GE Meeting Date: 4/28/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 CUMULATIVE VOTING Shr Against For
02 ANIMAL TESTING Shr Against For
03 NUCLEAR RISK Shr Against For
04 REPORT ON PCB CLEANUP COSTS Shr Against For
05 OFFSHORE SOURCING Shr Against For
06 SUSTAINABILITY INDEX Shr Against For
07 COMPENSATION COMMITTEE INDEPENDENCE Shr Against For
08 PAY DISPARITY Shr Against For
09 END STOCK OPTIONS AND BONUSES Shr Against For
0A DENNIS D. DAMMERMAN Mgmt For For
ROCHELLE B. LAZARUS Mgmt For For
ROBERT C. WRIGHT Mgmt For For
DOUGLAS A. WARNER III Mgmt For For
ROBERT J. SWIERINGA Mgmt For For
JAMES I. CASH, JR. Mgmt For For
SAM NUNN Mgmt For For
RALPH S. LARSEN Mgmt For For
KENNETH G. LANGONE Mgmt For For
ALAN G. LAFLEY Mgmt For For
ANDREA JUNG Mgmt For For
JEFFREY R. IMMELT Mgmt For For
CLAUDIO X. GONZALEZ Mgmt For For
ANN M. FUDGE Mgmt For For
ROGER S. PENSKE Mgmt For For
0B INDEPENDENT AUDITOR Mgmt For For
0C REVENUE MEASUREMENT ADDED TO EXECUTIVE Mgmt For For
OFFICER PERFORMANCE GOALS
10 LIMIT OUTSIDE DIRECTORSHIPS Shr Against For
11 INDEPENDENT BOARD CHAIRMAN Shr Against For
12 EXPLORE SALE OF COMPANY Shr Against For
13 HOLDING STOCK FROM STOCK OPTIONS Shr Against For
14 BOARD INDEPENDENCE Shr Against For
15 POLITICAL CONTRIBUTIONS Shr Against For
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JOHNSON & JOHNSON Agenda: 932103219
CUSIP: 478160104 Meeting Type: Annual
Ticker: JNJ Meeting Date: 4/22/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 DAVID SATCHER Mgmt For For
ARNOLD G. LANGBO Mgmt For For
HENRY B. SCHACHT Mgmt For For
STEVEN S REINEMUND Mgmt For For
LEO F. MULLIN Mgmt For For
SUSAN L. LINDQUIST Mgmt For For
GERARD N. BURROW Mgmt For For
MARY S. COLEMAN Mgmt For For
JAMES G. CULLEN Mgmt For For
ROBERT J. DARRETTA Mgmt For For
M. JUDAH FOLKMAN Mgmt For For
ANN D. JORDAN Mgmt For For
WILLIAM C. WELDON Mgmt For For
02 RATIFICATION OF APPOINTMENT OF Mgmt For For
PRICEWATERHOUSECOOPERS AS INDEPENDENT
AUDITORS
03 PROPOSAL ON CHARITABLE CONTRIBUTIONS Shr Against For
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MBNA CORPORATION Agenda: 932107231
CUSIP: 55262L100 Meeting Type: Annual
Ticker: KRB Meeting Date: 5/3/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 WILLIAM L. JEWS Mgmt For For
RANDOLPH D. LERNER Mgmt For For
JAMES H. BERICK Mgmt For For
BENJAMIN R. CIVILETTI Mgmt For For
BRUCE L. HAMMONDS Mgmt For For
STUART L. MARKOWITZ Mgmt For For
WILLIAM B. MILSTEAD Mgmt For For
02 RATIFICATION OF APPOINTMENT OF Mgmt For For
INDEPENDENT AUDITORS
03 STOCKHOLDER PROPOSAL (ITEM 3 IN PROXY Shr Against For
STATEMENT)
04 STOCKHOLDER PROPOSAL (ITEM 4 IN PROXY Shr Against For
STATEMENT)
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THE MCGRAW-HILL COMPANIES, INC. Agenda: 932112256
CUSIP: 580645109 Meeting Type: Annual
Ticker: MHP Meeting Date: 4/28/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 ROBERT P. MCGRAW Mgmt For For
PEDRO ASPE Mgmt For For
EDWARD B. RUST, JR. Mgmt For For
H. OCHOA-BRILLEMBOURG Mgmt For For
02 APPROVAL OF AMENDED AND RESTATED 2002 Mgmt For For
STOCK INCENTIVE PLAN.
03 RATIFICATION OF THE APPOINTMENT OF Mgmt For For
INDEPENDENT AUDITORS FOR 2004.
04 SHAREHOLDER PROPOSAL REQUESTING Shr Against For
SHAREHOLDER VOTE ON POISON PILLS .
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MEDTRONIC, INC. Agenda: 932028663
CUSIP: 585055106 Meeting Type: Annual
Ticker: MDT Meeting Date: 8/28/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 GORDON M. SPRENGER Mgmt For For
RICHARD H. ANDERSON Mgmt For For
MICHAEL R. BONSIGNORE Mgmt For For
02 TO RATIFY THE APPOINTMENT OF Mgmt For For
PRICEWATERHOUSECOOPERS LLP AS
MEDTRONIC S INDEPENDENT AUDITORS
03 TO APPROVE MEDTRONIC S 2003 LONG-TERM Mgmt For For
INCENTIVE PLAN.
04 TO APPROVE MEDTRONIC S EXECUTIVE Mgmt For For
INCENTIVE PLAN.
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MERCK & CO., INC. Agenda: 932102306
CUSIP: 589331107 Meeting Type: Annual
Ticker: MRK Meeting Date: 4/27/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 WILLIAM M. DALEY** Mgmt For For
THOMAS E. SHENK** Mgmt For For
WILLIAM G. BOWEN** Mgmt For For
PETER C. WENDELL* Mgmt For For
WENDELL P. WEEKS** Mgmt For For
02 RATIFICATION OF THE APPOINTMENT OF THE Mgmt For For
COMPANY S INDEPENDENT AUDITORS FOR
03 PROPOSAL TO AMEND THE RESTATED Mgmt For For
CERTIFICATE OF INCORPORATION TO
DECLASSIFY THE BOARD OF DIRECTORS
04 STOCKHOLDER PROPOSAL CONCERNING Shr Against For
MANAGEMENT COMPENSATION
05 STOCKHOLDER PROPOSAL CONCERNING Shr Against For
EXTENSION OF PRESCRIPTION DRUG PATENTS
06 STOCKHOLDER PROPOSAL CONCERNING Shr Against For
ETHICAL AND SOCIAL PERFORMANCE OF THE
COMPANY
07 STOCKHOLDER PROPOSAL CONCERNING USE OF Shr Against For
SHAREHOLDER RESOURCES FOR POLITICAL
PURPOSES
08 STOCKHOLDER PROPOSAL CONCERNING A Shr Against For
REPORT RELATED TO THE GLOBAL HIV/AIDS
PANDEMIC
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OMNICOM GROUP INC. Agenda: 932136181
CUSIP: 681919106 Meeting Type: Annual
Ticker: OMC Meeting Date: 5/25/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 ERROL M. COOK Mgmt For For
GARY L. ROUBOS Mgmt For For
LINDA JOHNSON RICE Mgmt For For
JOHN R. PURCELL Mgmt For For
JOHN R. MURPHY Mgmt For For
SUSAN S. DENISON Mgmt For For
LEONARD S. COLEMAN, JR. Mgmt For For
ROBERT CHARLES CLARK Mgmt For For
BRUCE CRAWFORD Mgmt For For
JOHN D. WREN Mgmt For For
MICHAEL A. HENNING Mgmt For For
02 TO RATIFY THE APPOINTMENT OF KPMG AS Mgmt For For
OUR INDEPENDENT AUDITORS FOR FISCAL
YEAR 2004
03 TO APPROVE OUR DIRECTOR EQUITY PLAN. Mgmt For For
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PAYCHEX, INC. Agenda: 932038234
CUSIP: 704326107 Meeting Type: Annual
Ticker: PAYX Meeting Date: 10/2/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 GRANT M. INMAN Mgmt For For
J. ROBERT SEBO Mgmt For For
01 B. THOMAS GOLISANO Mgmt For For
BETSY S. ATKINS Mgmt For For
G. THOMAS CLARK Mgmt For For
DAVID J. S. FLASCHEN Mgmt For For
PHILLIP HORSLEY Mgmt For For
JOSEPH M. TUCCI Mgmt For For
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PEPSICO, INC. Agenda: 932115086
CUSIP: 713448108 Meeting Type: Annual
Ticker: PEP Meeting Date: 5/5/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 D. VASELLA Mgmt For For
J.F. AKERS Mgmt For For
S.D. TRUJILLO Mgmt For For
R.E. ALLEN Mgmt For For
R.L. HUNT Mgmt For For
A.C. MARTINEZ Mgmt For For
I.K. NOOYI Mgmt For For
F.D. RAINES Mgmt For For
S.S. REINEMUND Mgmt For For
S.P. ROCKEFELLER Mgmt For For
J.J. SCHIRO Mgmt For For
F.A. THOMAS Mgmt For For
C.M. TRUDELL Mgmt For For
02 APPROVAL OF AUDITORS Mgmt For For
03 APPROVAL OF THE 2004 EXECUTIVE Mgmt For For
INCENTIVE COMPENSATION PLAN
04 SHAREHOLDER PROPOSAL (PROXY STATEMENT Shr Against For
P.22)
05 SHAREHOLDER PROPOSAL (PROXY STATEMENT Shr Against For
P.23)
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PFIZER INC. Agenda: 932101607
CUSIP: 717081103 Meeting Type: Annual
Ticker: PFE Meeting Date: 4/22/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 HENRY A. MCKINNELL Mgmt For For
MICHAEL S. BROWN Mgmt For For
ROBERT N. BURT Mgmt For For
W. DON CORNWELL Mgmt For For
WILLIAM H. GRAY III Mgmt For For
CONSTANCE J. HORNER Mgmt For For
01 WILLIAM R. HOWELL Mgmt For For
M. ANTHONY BURNS Mgmt For For
GEORGE A. LORCH Mgmt For For
DANA G. MEAD Mgmt For For
FRANKLIN D. RAINES Mgmt For For
WILLIAM C. STEERE, JR. Mgmt For For
JEAN-PAUL VALLES Mgmt For For
STANLEY O. IKENBERRY Mgmt For For
RUTH J. SIMMONS Mgmt For For
02 A PROPOSAL TO APPROVE THE APPOINTMENT Mgmt For For
OF KPMG LLP AS INDEPENDENT AUDITORS
FOR 2004.
03 A PROPOSAL TO APPROVE THE PFIZER INC. Mgmt For For
2004 STOCK PLAN.
04 SHAREHOLDER PROPOSAL REQUESTING REVIEW Shr Against For
OF THE ECONOMIC EFFECTS OF THE
HIV/AIDS, TB AND MALARIA PANDEMICS ON
THE COMPANY S BUSINESS STRATEGY.
05 SHAREHOLDER PROPOSAL RELATING TO Shr Against For
POLITICAL CONTRIBUTIONS.
06 SHAREHOLDER PROPOSAL RELATING TO AN Shr Against For
ANNUAL REPORT ON CORPORATE RESOURCES
DEVOTED TO SUPPORTING POLITICAL
ENTITIES OR CANDIDATES.
07 SHAREHOLDER PROPOSAL SEEKING TO IMPOSE Shr Against For
TERM LIMITS ON DIRECTORS.
08 SHAREHOLDER PROPOSAL REQUESTING A Shr Against For
REPORT ON INCREASING ACCESS TO PFIZER
PRODUCTS.
09 SHAREHOLDER PROPOSAL ON STOCK OPTIONS. Shr Against For
10 SHAREHOLDER PROPOSAL ON IN VITRO Shr Against For
TESTING.
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THE PROCTER & GAMBLE COMPANY Agenda: 932038474
CUSIP: 742718109 Meeting Type: Annual
Ticker: PG Meeting Date: 10/14/2003 ISIN:
For/Against
Proposal Type Vote Management
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01 A.G. LAFLEY Mgmt For For
NORMAN R. AUGUSTINE Mgmt For For
JOHN F. SMITH, JR. Mgmt For For
MARGARET C. WHITMAN Mgmt For For
JOHNATHAN A. RODGERS Mgmt For For
02 RATIFY APPOINTMENT OF INDEPENDENT Mgmt For For
AUDITORS
03 APPROVE THE PROCTER & GAMBLE 2003 NON- Mgmt For For
EMPLOYEE DIRECTORS STOCK PLAN
04 SHAREHOLDER PROPOSAL NO. 1 BOARD OF Shr Against For
DIRECTORS TERMS
05 SHAREHOLDER PROPOSAL NO. 2 LABEL Shr Against For
GENETICALLY ENGINEERED FOODS
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STATE STREET CORPORATION Agenda: 932107180
CUSIP: 857477103 Meeting Type: Annual
Ticker: STT Meeting Date: 4/21/2004 ISIN:
For/Against
Proposal Type Vote Management
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01 D. GRUBER Mgmt For For
L. HILL Mgmt For For
C. LAMANTIA Mgmt For For
R. WEISSMAN Mgmt For For
K. BURNES Mgmt For For
02 TO VOTE ON A STOCKHOLDER PROPOSAL TO Shr Against For
EXEMPT THE BOARD OF DIRECTORS FROM
MASSACHUSETTS GENERAL LAWS, CHAPTER
156B, SECTION 50A(A).
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STRYKER CORPORATION Agenda: 932104730
CUSIP: 863667101 Meeting Type: Annual
Ticker: SYK Meeting Date: 4/20/2004 ISIN:
For/Against
Proposal Type Vote Management
- -------------------------------------------------------------------------------------------------------
01 WILLIAM U. PARFET Mgmt For For
JOHN S. LILLARD Mgmt For For
J.H. GROSSMAN, M.D. Mgmt For For
D.M. ENGELMAN, PH.D. Mgmt For For
HOWARD E. COX, JR. Mgmt For For
JOHN W. BROWN Mgmt For For
RONDA E. STRYKER Mgmt For For
02 APPROVAL OF THE AMENDMENT TO INCREASE Mgmt For For
THE AUTHORIZED COMMON STOCK TO ONE
BILLION SHARES
- -------------------------------------------------------------------------------------------------------
3M COMPANY Agenda: 932124186
CUSIP: 88579Y101 Meeting Type: Annual
Ticker: MMM Meeting Date: 5/11/2004 ISIN:
For/Against
Proposal Type Vote Management
- -------------------------------------------------------------------------------------------------------
01 EDWARD A. BRENNAN Mgmt For For
MICHAEL L. ESKEW Mgmt For For
W. JAMES MCNERNEY, JR. Mgmt For For
KEVIN W. SHARER Mgmt For For
02 RATIFICATION OF INDEPENDENT AUDITORS Mgmt For For
03 APPROVAL OF AN AMENDMENT TO THE Mgmt For For
CERTIFICATE OF INCORPORATION TO
INCREASE THE AUTHORIZED COMMON STOCK
04 STOCKHOLDER PROPOSAL RELATING TO Shr Against For
SEPARATION OF THE ROLES OF CEO AND
CHAIRMAN OF THE BOARD
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
(Registrant) The Jensen Portfolio, Inc.
By (Signature) /S/ Brian Ferrie
----------------------------------
Name Brian Ferrie
Title Director of Finance and Compliance
Date 08-31-2004