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 811-08191
-----------------------------------------------------------
BULLFINCH FUND, INC.
(Exact name of registrant as specified in charter)
3909 Rush Mendon Road
Mendon, NY 14506
(Address of principal executive offices)
-----------------------------------------------------------
AGENT FOR SERVICE:
Christopher Carosa
Bullfinch Fund, Inc.
3909 Rush Mendon Road
Mendon, NY 14506
(Name and Address of Agent for Service)
-----------------------------------------------------------
Registrant's telephone number, including area code: 1-585-624-3650
Date of fiscal year end: October 31, 2018
Date of reporting period: July 1, 2018 - June 30, 2019
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
information under the clearance requirements of 44 U.S.C. ss. 3507.
==============================================================================
Item 1. Proxy Voting Record
Bullfinch Fund, Inc. Unrestricted Series
TICKER: BUNRX
PROXY VOTING RECORD
7/1/2018-6/30/2019
===============================================================================
AAR Corporation
AIR
10/10/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.1-4:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Adobe Systems Incorporated
ADBE
4/11/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-k:Directors Management Yes For For
2:2003 Equity Incentive Plan Management Yes For For
3:Auditors Management Yes For For
4:Advisory Vote-Executive Comp Management Yes For For
5:Median Gender Pay Report Management Yes For For
===============================================================================
AT&T Inc.
T
4/26/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-l:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Independent Chair Shareholder Yes Against For
===============================================================================
Bristol-Myers Squibb
BMY
Special Meeting
4/12/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:Merger Management Yes For For
2:Adjournment Management Yes For For
===============================================================================
Bristol-Myers Squibb
BMY
5/29/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1A-K:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Right to Act by Written Consent Shareholder Yes Against For
===============================================================================
Canon
CAJ
3/28/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:Dividend from Surplus Management Yes For For
2.01-06:Directors Management Yes For For
3.1-2:Audit& Supervisory Board
Member Management Yes For For
4:Director Bonus Management Yes For For
===============================================================================
Celgene Corporation
CELG
Special Meeting
4/12/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:Merger Management Yes For For
2:Adjournment Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
Cisco
CSCO
12/12/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-i:Directors Management Yes For For
2:Employee Stock Purchase Plan Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Auditors Management Yes For For
5:Independent Board Chairman Shareholder Yes Against For
6:Executive Compensation Metrics Shareholder Yes Against For
===============================================================================
Consolidated Water Co. Ltd
CWCO
5/21/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-02:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Corning
GLW
5/2/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-n:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Equity Plan For Non Emp Dir Management Yes For For
===============================================================================
Edwards Lifesciences
EW
5/8/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-h:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Independent Board Chair Shareholder Yes Against For
===============================================================================
Expeditors Int'l of Washington
EXPD
5/7/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1A-J:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Employee Stock Purchase Plan Management Yes For For
4:Auditors Management Yes For For
5:Political Disclosure Shareholder Yes Against For
===============================================================================
Fastenal
FAST
4/23/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-j:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Diversity Reporting Shareholder Yes Against For
===============================================================================
Gallagher, AJ
AJG
5/14/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-i:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
General Electric
GE
5/8/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1-10:Directors Management Yes For For
11:Advisory Vote-Executive Comp Management Yes For For
12:Reduce Board Size Management Yes For For
13:Auditors Management Yes For For
14:Independent Chair Shareholder Yes Against For
15:Cumulative Voting Shareholder Yes Against For
===============================================================================
Intel
INTC
5/16/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-j:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Equity Incentive Plan Management Yes For For
5:Written Consent Shareholder Yes Against For
6:Gender Pay Gap Report Shareholder Yes Against For
7:Political Contrib Advisory Vote Shareholder Yes Against For
===============================================================================
Johnson & Johnson
JNJ
4/25/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-l:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Clawback Disclosure Shareholder Yes Against For
5:Executive Comp& Drug Pricing
Risks Shareholder Yes Against For
===============================================================================
Medtronic
MDT
12/7/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-j:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
Meridian Bioscience
VIVO
1/24/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-08:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Meritage Homes Corporation
MTH
5/17/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1A-C:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
Microsoft
MSFT
11/28/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-14:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
=============================================================================
Mylan
MYL
6/21/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1A-M:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Dutch Annual Accounts Adoption Management Yes For For
4:Auditors Management Yes For For
5:Audit Instructions Management Yes For For
6:Share Repurchase Program Management Yes For For
7:Board Share Authorization Management Yes For For
8:Clawback Policy Shareholder Yes Against Discussion
===============================================================================
Newell Brands Inc.
NWL
5/7/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-l:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Action by Written Consent Management Yes For For
5:Proxy Access Shareholder Yes Against For
6:Diversity Report Shareholder Yes Against For
===============================================================================
Oracle
ORCL
11/14/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-14:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Pay Equity Report Shareholder Yes Against For
5:Political Contributions Report Shareholder Yes Against For
6:Lobbying Report Shareholder Yes Against For
7:Independent Board Chairman Shareholder Yes Against For
===============================================================================
Paychex
PAYX
10/11/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-i:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Reliance Steel & Aluminum Co.
RS
5/15/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-i:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
TE Connectivity
TEL
3/13/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-l:Directors Management Yes For For
2:Chairman of the Board Management Yes For For
3a-d:Management Development&
Compensation Committee Management Yes For For
4:Independent Proxy Management Yes For For
5.1-3:Financial Statement
Approval Management Yes For For
6:Release Board&Officers for
activities during FY Management Yes For For
7.1-3:Auditors Management Yes For For
8:Advisory Vote on Executive Comp Management Yes For For
9:Max Aggregate Compensation-Mgt Management Yes For For
10:Max Aggregate Comp - Board Management Yes For For
11:Earnings Appropriation Management Yes For For
12:Dividend Payment Management Yes For For
13:Share Repurchase Program Management Yes For For
14:Reduction of Share Capital Management Yes For For
15:Postponements/Adjournments Management Yes For For
===============================================================================
Toll Brothers Inc.
TOL
3/12/19
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:a-k:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:2019 Omnibus Incentive Plan Management Yes For For
===============================================================================
Total SA
TOT
5/29/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1-2:Company Statements Management Yes For For
3:Dividend & Earning Allocations Management Yes For For
4:Board Trade Authorization Management Yes For For
5:United Way Agreement Management Yes For For
6-8:Directors Management Yes For For
9&A-B:Employee Shareholder
Directors Management Yes For For
10:Advisory Vote on ExecutiveComp Management Yes For For
11:Advisory Vote Exec Comp
Criteria Management Yes For For
===============================================================================
Universal Corporation
UVV
8/2/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-03:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Verizon
VZ
5/2/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-j:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Non Qual Savings Plan Earnings Shareholder Yes Against For
5:Independent Chair Shareholder Yes Against For
6:Online Child Exploitation
Report Shareholder Yes Against For
7:Cybersecurity & Data Privacy Shareholder Yes Against For
8:Severance Approval Policy Shareholder Yes Against For
===============================================================================
Westinghouse Air Brake Technologies Corp
WAB
5/17/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-02:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Xperi Corporation
XPER
5/3/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1A-G:Directors Management Yes For For
2:Int'l Emp Stock Purchase Plan Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Auditors Management Yes For For
===============================================================================
Zumiez
ZUMZ
6/5/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1A-C:Directors Management Yes For For
2:Auditors Management Yes For For
===============================================================================
Bullfinch Fund, Inc. Greater Western New York Series
TICKER: BWNYX
PROXY VOTING RECORD
7/1/2018-6/30/2019
===============================================================================
Astronics
ATRO
5/30/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-08:Directors Management Yes For For
2:Auditors Management Yes For For
===============================================================================
AT&T Inc.
T
4/26/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-l:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Independent Chair Shareholder Yes Against For
===============================================================================
Bristol-Myers Squibb
BMY
Special Meeting
4/12/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:Merger Management Yes For For
2:Adjournment Management Yes For For
===============================================================================
Bristol-Myers Squibb
BMY
5/29/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1A-K:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Right to Act by Written Consent Shareholder Yes Against For
===============================================================================
Columbus McKinnon
CMCO
7/23/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-09:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
Community Bank
CBU
5/15/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-c:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Computer Task Group
CTG
7/26/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-02:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Declassify Board for Elections Management Yes For For
===============================================================================
Constellation Brands
STZ
7/17/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-11:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
Corning
GLW
5/2/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-n:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Equity Plan For Non Emp Dir Management Yes For For
===============================================================================
Fastenal
FAST
4/23/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-j:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Diversity Reporting Shareholder Yes Against For
===============================================================================
Frontier Communications
FTR
5/7/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-i:Directors Management Yes For For
2:Advisory Vote - Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Equity Compensation Awards Shareholder Yes Against For
===============================================================================
General Electric
GE
5/8/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1-10:Directors Management Yes For For
11:Advisory Vote-Executive Comp Management Yes For For
12:Reduce Board Size Management Yes For For
13:Auditors Management Yes For For
14:Independent Chair Shareholder Yes Against For
15:Cumulative Voting Shareholder Yes Against For
===============================================================================
Genesee & Wyoming
GWR
5/22/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-c:Directors Management Yes For For
2:Advisory Vote - Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Gibraltar
ROCK
5/3/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.1-8:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Graham Corp
GHM
8/9/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-03:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Harris Corporation
HRS
10/26/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-k:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Harris Corporation
HRS
Special Meeting
4/4/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:Merger Management Yes For For
2:Certificate of Incorporation Management Yes For For
3:Advisory Vote - Executive Comp Management Yes For For
4:Adjournment Management Yes For For
===============================================================================
IEC Electronics
IEC
3/13/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-06:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Advisory Vote - Frequency Management Yes 3 years Against
5:2019 Stock Incentive Plan Management Yes For For
===============================================================================
Integer Holdings Corporation
ITGR
5/22/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-10:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
Johnson & Johnson
JNJ
4/25/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-l:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Clawback Disclosure Shareholder Yes Against For
5:Executive Comp& Drug Pricing
Risks Shareholder Yes Against For
===============================================================================
Life Storage
LSI
5/30/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-09:Directors Management Yes For For
2:Auditors Management Yes For For
3:Amend Bylaws Management Yes For For
4:Outside Dir. Stock Option&Award Management Yes For For
5:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
M & T Bank
MTB
4/16/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-18:Directors Management Yes For For
2:Equity Incentive Comp Plan Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Auditors Management Yes For For
===============================================================================
Manning & Napier Inc.
MN
6/12/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-09:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
===============================================================================
Monro Inc.
MNRO
8/14/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-04:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Moog
MOGA
2/12/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:Directors Management Yes For For
2:Auditors Management Yes For For
===============================================================================
National Fuel Gas
NFG
3/7/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-04:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:2010 Equity Compensation Plan Management Yes For For
4:2009 Non Employee Dir Equity
Comp Management Yes For For
5:Auditors Management Yes For For
===============================================================================
Northrop Grumman
NOC
5/15/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-m:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Human Rights Policy Report Shareholder Yes Against For
5:Independent Board Chair Shareholder Yes Against For
===============================================================================
Oracle
ORCL
11/14/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-14:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Pay Equity Report Shareholder Yes Against For
5:Political Contributions Report Shareholder Yes Against For
6:Lobbying Report Shareholder Yes Against For
7:Independent Board Chairman Shareholder Yes Against For
===============================================================================
Paychex
PAYX
10/11/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-i:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Servotronics
SVT
4/26/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-05:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Advisory Vote - Frequency Management Yes 3 years Against
===============================================================================
Southwest Airlines
LUV
5/15/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-k:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
4:Independent Chair Shareholder Yes Against For
5:Proxy Access Shareholder Yes Against For
===============================================================================
Taylor Devices
TAYD
11/2/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-.04:Directors Management Yes For For
4:Auditors Management Yes For For
5:2018 Stock Option Plan Management Yes For For
===============================================================================
TE Connectivity
TEL
3/13/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-l:Directors Management Yes For For
2:Chairman of the Board Management Yes For For
3a-d:Management Development&
Compensation Committee Management Yes For For
4:Independent Proxy Management Yes For For
5.1-3:Financial Statement
Approval Management Yes For For
6:Release Board&Officers for
activities during FY Management Yes For For
7.1-3:Auditors Management Yes For For
8:Advisory Vote on Executive Comp Management Yes For For
9:Max Aggregate Compensation-Mgt Management Yes For For
10:Max Aggregate Comp - Board Management Yes For For
11:Earnings Appropriation Management Yes For For
12:Dividend Payment Management Yes For For
13:Share Repurchase Program Management Yes For For
14:Reduction of Share Capital Management Yes For For
15:Postponements/Adjournments Management Yes For For
=========================================================================
======
Ultralife Corporation
ULBI
7/25/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-06:Directors Management Yes For For
2:Auditors Management Yes For For
3:Special Shareholder Meetings Shareholder Yes Against For
4:Advisory Vote-Frequency Management Yes 3 Years For
5:Proxy Access Shareholder Yes Against For
===============================================================================
Verizon
VZ
5/2/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1a-j:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Non Qual Savings Plan Earnings Shareholder Yes Against For
5:Independent Chair Shareholder Yes Against For
6:Online Child Exploitation
Report Shareholder Yes Against For
7:Cybersecurity & Data Privacy Shareholder Yes Against For
8:Severance Approval Policy Shareholder Yes Against For
===============================================================================
Westinghouse Air Brake Technologies Corp
WAB
5/17/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.01-02:Directors Management Yes For For
2:Advisory Vote-Executive Comp Management Yes For For
3:Auditors Management Yes For For
===============================================================================
Xerox Corporation
XRX
7/31/2018
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1.1-9:Directors Management Yes For For
2:Auditors Management Yes For For
3:Advisory Vote-Executive Comp Management Yes For For
4:Adjournment Management Yes For For
===============================================================================
Xerox Corporation
XRX
5/21/2019
-------------------------------------------------------------------------------
Vote For/Against
# Proposal Sponsor Voted Cast Management
1:Holding Co. Reorganization Management Yes For For
2.1-7:Directors Management Yes For For
3:Auditors Management Yes For For
4:Advisory Vote-Executive Comp Management Yes For For
5:Majority Vote for Certain
Actions Managment Yes For For
6:Adjournment Management Yes For For
7:Simple Majority Vote for All Shareholder Yes Against None
===============================================================================
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.
/s/ Christopher Carosa
--------------------
Christopher Carosa
President
August 22, 2019