UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
COMPANY
INVESTMENT COMPANY ACT FILE NUMBER: 811-00594
NAME OF REGISTRANT: GENERAL SECURITIES INC.
ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 7701 France Avenue S
Suite 500
Edina, MN 55435
NAME AND ADDRESS OF AGENT FOR SERVICE: Craig Robinson - President
7701 France Avenue South
Suite 500
Edina, MN 55435
REGISTRANT'S TELEPHONE NUMBER: 952-841-0400
DATE OF FISCAL YEAR END: 12/30
DATE OF REPORTING PERIOD: 07/01/2004 - 06/30/2005
Fund Securities
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CISCO SYSTEMS, INC. Agenda Number: 932215874
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Security: 17275R102
Meeting Type: Annual
Meeting Date: 18-Nov-2004
Ticker: CSCO
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
CAROL A. BARTZ Mgmt No vote
M. MICHELE BURNS Mgmt No vote
LARRY R. CARTER Mgmt No vote
JOHN T. CHAMBERS Mgmt No vote
DR. JAMES F. GIBBONS Mgmt No vote
DR. JOHN L. HENNESSY Mgmt No vote
RODERICK C. MCGEARY Mgmt No vote
JAMES C. MORGAN Mgmt No vote
JOHN P. MORGRIDGE Mgmt No vote
DONALD T. VALENTINE Mgmt No vote
STEVEN M. WEST Mgmt No vote
JERRY YANG Mgmt No vote
02 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Mgmt No vote
LLP AS CISCO S INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING
JULY 30, 2005.
03 PROPOSAL SUBMITTED BY SHAREHOLDERS REQUESTING Shr No vote
THAT THE BOARD S COMPENSATION COMMITTEE INITIATE
A REVIEW OF CISCO S EXECUTIVE COMPENSATION
POLICIES AND MAKE AVAILABLE, UPON REQUEST,
A REPORT OF THAT REVIEW BY JANUARY 1, 2005,
AS MORE FULLY SET FORTH IN THE ACCOMPANYING
PROXY STATEMENT.
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COMPUTER SCIENCES CORPORATION Agenda Number: 932203158
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Security: 205363104
Meeting Type: Annual
Meeting Date: 09-Aug-2004
Ticker: CSC
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
IRVING W. BAILEY, II Mgmt No vote
STEPHEN L. BAUM Mgmt No vote
RODNEY F. CHASE Mgmt No vote
VAN B. HONEYCUTT Mgmt No vote
WILLIAM R. HOOVER Mgmt No vote
LEON J. LEVEL Mgmt No vote
F. WARREN MCFARLAN Mgmt No vote
JAMES R. MELLOR Mgmt No vote
THOMAS H. PATRICK Mgmt No vote
02 TO APPROVE THE 2004 INCENTIVE PLAN Mgmt No vote
03 TO RATIFY THE APPOINTMENT OF INDEPENDENT AUDITORS Mgmt No vote
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DELL INC. Agenda Number: 932189473
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Security: 24702R101
Meeting Type: Annual
Meeting Date: 16-Jul-2004
Ticker: DELL
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
DONALD J. CARTY Mgmt For For
MICHAEL S. DELL Mgmt For For
WILLIAM H. GRAY, III Mgmt For For
JUDY C. LEWENT Mgmt For For
THOMAS W. LUCE, III Mgmt For For
KLAUS S. LUFT Mgmt For For
ALEX J. MANDL Mgmt For For
MICHAEL A. MILES Mgmt For For
SAMUEL A. NUNN, JR. Mgmt For For
KEVIN B. ROLLINS Mgmt For For
02 RATIFICATION OF INDEPENDENT AUDITORS Mgmt For For
03 STOCKHOLDER PROPOSAL RELATING TO EXPENSING STOCK Shr Against For
OPTIONS
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FEDEX CORPORATION Agenda Number: 932213476
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Security: 31428X106
Meeting Type: Annual
Meeting Date: 27-Sep-2004
Ticker: FDX
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
CHARLES T. MANATT* Mgmt No vote
JUDITH L. ESTRIN** Mgmt No vote
PHILIP GREER** Mgmt No vote
J.R. HYDE, III** Mgmt No vote
SHIRLEY A. JACKSON** Mgmt No vote
FREDERICK W. SMITH** Mgmt No vote
02 APPROVAL OF AMENDMENTS TO FEDEX S BYLAWS TO Mgmt No vote
PROVIDE FOR THE ANNUAL ELECTION OF DIRECTORS.
03 APPROVAL OF AMENDMENT TO FEDEX S INCENTIVE STOCK Mgmt No vote
PLAN TO INCREASE THE NUMBER OF SHARES RESERVED
FOR ISSUANCE UNDER THE PLAN.
04 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC Mgmt No vote
ACCOUNTING FIRM.
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MEDTRONIC, INC. Agenda Number: 932209326
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Security: 585055106
Meeting Type: Annual
Meeting Date: 26-Aug-2004
Ticker: MDT
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
WILLIAM R BRODY MD PHD Mgmt No vote
ARTHUR D COLLINS JR Mgmt No vote
ANTONIO M GOTTO JR MD Mgmt No vote
02 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Mgmt No vote
LLP AS MEDTRONIC S INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM.
03 TO CONSIDER AND ACT UPON A SHAREHOLDER PROPOSAL Shr No vote
REGARDING ELIMINATION OF CHARITABLE CONTRIBUTIONS.
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MICROSOFT CORPORATION Agenda Number: 932226067
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Security: 594918104
Meeting Type: Annual
Meeting Date: 09-Nov-2004
Ticker: MSFT
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
WILLIAM H. GATES III Mgmt No vote
STEVEN A. BALLMER Mgmt No vote
JAMES I. CASH JR. Mgmt No vote
RAYMOND V. GILMARTIN Mgmt No vote
A. MCLAUGHLIN KOROLOGOS Mgmt No vote
DAVID F. MARQUARDT Mgmt No vote
CHARLES H. NOSKI Mgmt No vote
HELMUT PANKE Mgmt No vote
JON A. SHIRLEY Mgmt No vote
02 ADOPTION OF THE AMENDMENTS TO THE 2001 STOCK Mgmt No vote
PLAN AND THE 1991 STOCK OPTION PLAN
03 ADOPTION OF THE AMENDMENTS TO THE 1999 STOCK Mgmt No vote
PLAN FOR NON-EMPLOYEE DIRECTORS, THE STOCK
OPTION PLAN FOR NON-EMPLOYEE DIRECTORS AND
THE STOCK OPTION PLAN FOR CONSULTANTS AND ADVISORS
04 APPROVAL OF MATERIAL TERMS OF THE PERFORMANCE Mgmt No vote
CRITERIA FOR AWARDS UNDER THE 2001 STOCK PLAN
05 RATIFICATION OF THE SELECTION OF DELOITTE & Mgmt No vote
TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITOR
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NIKE, INC. Agenda Number: 932211028
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Security: 654106103
Meeting Type: Annual
Meeting Date: 20-Sep-2004
Ticker: NKE
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
JILL K. CONWAY Mgmt No vote
ALAN B. GRAF, JR. Mgmt No vote
JEANNE P. JACKSON Mgmt No vote
02 PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERSMgmt No vote
LLP AS INDEPENDENT ACCOUNTANTS.
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ORACLE CORPORATION Agenda Number: 932223011
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Security: 68389X105
Meeting Type: Annual
Meeting Date: 29-Oct-2004
Ticker: ORCL
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
JEFFREY O. HENLEY Mgmt No vote
LAWRENCE J. ELLISON Mgmt No vote
DONALD L. LUCAS Mgmt No vote
MICHAEL J. BOSKIN Mgmt No vote
JACK F. KEMP Mgmt No vote
JEFFREY S. BERG Mgmt No vote
SAFRA CATZ Mgmt No vote
HECTOR GARCIA-MOLINA Mgmt No vote
JOSEPH A. GRUNDFEST Mgmt No vote
H. RAYMOND BINGHAM Mgmt No vote
CHARLES E. PHILLIPS, JR Mgmt No vote
02 PROPOSAL FOR THE APPROVAL OF THE ADOPTION OF Mgmt No vote
THE FISCAL YEAR 2005 EXECUTIVE BONUS PLAN
03 PROPOSAL TO RATIFY THE SELECTION OF ERNST & Mgmt No vote
YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL
YEAR ENDING MAY 31, 2005
04 PROPOSAL FOR THE APPROVAL OF THE AMENDED AND Mgmt No vote
RESTATED 2000 LONG-TERM EQUITY INCENTIVE PLAN
05 STOCKHOLDER PROPOSAL FOR THE ADOPTION OF THE Shr No vote
CHINA BUSINESS PRINCIPLES FOR RIGHTS OF WORKERS
IN CHINA
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SARA LEE CORPORATION Agenda Number: 932223009
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Security: 803111103
Meeting Type: Annual
Meeting Date: 28-Oct-2004
Ticker: SLE
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
B. BARNES Mgmt No vote
J.T. BATTENBERG III Mgmt No vote
C. COKER Mgmt No vote
J. CROWN Mgmt No vote
W. DAVIS Mgmt No vote
V. JORDAN, JR. Mgmt No vote
L. KOELLNER Mgmt No vote
C. VAN LEDE Mgmt No vote
J. MANLEY Mgmt No vote
C. STEVEN MCMILLAN Mgmt No vote
I. PROSSER Mgmt No vote
R. RIDGWAY Mgmt No vote
R. THOMAS Mgmt No vote
02 RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Mgmt No vote
LLP AS SARA LEE S INDEPENDENT AUDITORS FOR
FISCAL 2005.
03 TO VOTE ON A STOCKHOLDER PROPOSAL REGARDING Shr No vote
CHARITABLE CONTRIBUTIONS.
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SUNTRUST BANKS, INC. Agenda Number: 932213274
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Security: 867914103
Meeting Type: Special
Meeting Date: 15-Sep-2004
Ticker: STI
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 TO APPROVE THE ISSUANCE OF SUNTRUST COMMON STOCK Mgmt No vote
TO NATIONAL COMMERCE FINANCIAL CORPORATION
SHAREHOLDERS IN THE MERGER PURSUANT TO THE
AGREEMENT AND PLAN OF MERGER, DATED AS OF MAY
7, 2004, BY AND BETWEEN SUNTRUST BANKS, INC.
AND NATIONAL COMMERCE FINANCIAL CORPORATION
(THE MERGER AGREEMENT ), AS DESCRIBED IN THE
JOINT PROXY STATEMENT-PROSPECTUS AND THE MERGER
AGREEMENT.
02 TO ADJOURN OR POSTPONE THE SUNTRUST SPECIAL Mgmt No vote
MEETING, IF NECESSARY, FOR THE PURPOSE OF SOLICITING
ADDITIONAL PROXIES.
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THE PROCTER & GAMBLE COMPANY Agenda Number: 932215785
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Security: 742718109
Meeting Type: Annual
Meeting Date: 12-Oct-2004
Ticker: PG
ISIN:
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Prop.# Proposal Proposal Proposal Vote For/Against
Type Management
01 DIRECTOR
R. KERRY CLARK Mgmt No vote
JOSEPH T. GORMAN Mgmt No vote
LYNN M. MARTIN Mgmt No vote
RALPH SNYDERMAN Mgmt No vote
ROBERT D. STOREY Mgmt No vote
02 RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED Mgmt No vote
PUBLIC ACCOUNTING FIRM
03 APPROVE AMENDMENT TO AMENDED ARTICLES OF INCORPORATION Mgmt No vote
TO INCREASE THE AUTHORIZED NUMBER OF SHARES
OF COMMON STOCK
04 APPROVE AMENDMENT TO CODE OF REGULATIONS TO Mgmt No vote
PROVIDE FOR THE ANNUAL ELECTION OF DIRECTORS
05 SHAREHOLDER PROPOSAL NO. 1 IN-HOME FOOD STUDIES Shr No vote
FOR PET NUTRITION
An * in the For/Against management field indicates management position unknown
since information regarding non-U.S. issuers is not readily available.
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) GENERAL SECURITIES INC.
By (Signature) /s/ Craig Robinson
Name Craig Robinson
Title President
Date 08/23/2005