N-PX 1 nam.htm NAM Nam

 
FORM N-PX
 
 
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 


Investment Company Act file number: 811-07959

 
ADVISORS SERIES TRUST
(Exact Name of Registrant as Specified in Charter)
 

 

 
615 East Michigan Street
Milwaukee, Wisconsin 53202
(Address of Principal Executive Offices) (Zip Code)
 

 

 
(Registrant’s Telephone Numbers, Including Area Code) (414) 765-5340
 

 

 
Eric M. Banhazl
Advisors Series Trust
2020 E. Financial Way, Suite 100
Glendora, California 91741
(Name and Address of Agent for Service)
 

 

 
Copies to:
 
Julie Allecta, Esq.
Paul, Hastings, Janofsky & Walker LLP
55 Second Street
San Francisco, California 94105
 

Date of fiscal year end: April 30


Date of reporting period: June 30, 2004

 
     
 



                     
Vote Summary Report
Jul 01, 2003 - Jun 30, 2004
 
National Asset Core Equity Fund - L-NAMCOREE
 
Mtg
Company/
  
Mgmt
Vote
Record
  
Shares
Date/Type
Ballot Issues
Security
Rec
Cast
Date
Prpnent
Voted
 
01/22/04 - A
Air Products & Chemicals, Inc. *APD*
009158106
11/28/03
4,750
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
 
05/11/04 - A
Altera Corp. *ALTR*
021441100
03/16/04
7,170
 
1
Elect Directors
For
For
  
Mgmt
 
2
Amend Stock Option Plan
For
For
  
Mgmt
 
3
Amend Employee Stock Purchase Plan
For
For
  
Mgmt
 
4
Ratify Auditors
For
For
  
Mgmt
 
5
Approve Option Expensing
Against
For
  
ShrHoldr
 
 
05/13/04 - A
Amgen, Inc. *AMGN*
031162100
03/19/04
2,440
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director Frank J. Biondi, Jr. --- For
        
 
1.2
Elect Director Jerry D. Choate --- Withhold
        
 
1.3
Elect Director Frank C. Herringer --- For
        
 
1.4
Elect Director Gilbert S. Omenn --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Prepare Glass Ceiling Report
Against
Against
  
ShrHoldr
 
4
Expense Stock Options
Against
For
  
ShrHoldr
 
 
03/17/04 - S
Bank of America Corp. *BAC*
060505104
01/26/04
4,030
 
1
Approve Merger Agreement
For
For
  
Mgmt
 
2
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
3
Increase Authorized Common Stock
For
For
  
Mgmt
 
4
Adjourn Meeting
For
Against
  
Mgmt
 
 
11/11/03 - A
Cisco Systems, Inc. *CSCO*
17275R102
09/12/03
26,252
 
1
Elect Directors
For
For
  
Mgmt
 
2
Amend Employee Stock Purchase Plan
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
   
Shareholder Proposals
        
 
4
Report on Company Products Used by the Government to Monitor the Internet
Against
Against
  
ShrHoldr
 
5
Report on Pay Disparity
Against
Against
  
ShrHoldr
 
 
04/20/04 - A
Citigroup Inc. *C*
172967101
02/27/04
9,156
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Limit Executive Compensation
Against
Against
  
ShrHoldr
 
4
Report on Political Contributions/Activities
Against
Against
  
ShrHoldr
 
5
Prohibit Awards to Executives
Against
Against
  
ShrHoldr
 
6
Separate Chairman and CEO Positions
Against
Against
  
ShrHoldr
 
 
02/25/04 - A
Deere & Co. *DE*
244199105
12/31/03
2,940
 
1
Elect Directors
For
For
  
Mgmt
 
 
07/18/03 - A
Dell Inc. *DELL*
247025109
05/23/03
11,360
 
1
Elect Directors
For
For
  
Mgmt
 
2
Declassify the Board of Directors
For
For
  
Mgmt
 
3
Change Company Name
For
For
  
Mgmt
 
4
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
 
04/28/04 - A
E.I. Du Pont De Nemours & Co. *DD*
263534109
03/09/04
3,800
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Report on Executive Ties to Government
Against
Against
  
ShrHoldr
 
4
Adopt and Report on a Code of Corporate Conduct
Against
Against
  
ShrHoldr
 
5
Limit Executive Compensation
Against
Against
  
ShrHoldr
 
 
05/06/04 - A
Eastman Chemical Co. *EMN*
277432100
03/15/04
3,620
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Limit Awards to Executives
Against
Against
  
ShrHoldr
 
 
04/28/04 - A
Eaton Corp. *ETN*
278058102
03/01/04
6,100
 
1
Elect Directors
For
For
  
Mgmt
 
2
Approve Omnibus Stock Plan
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
 
 
06/24/04 - A
eBay Inc. *EBAY*
278642103
04/26/04
2,160
 
1
Elect Directors
For
For
  
Mgmt
 
2
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
3
Amend Stock Option Plan
For
For
  
Mgmt
 
4
Increase Authorized Common Stock
For
Against
  
Mgmt
 
5
Ratify Auditors
For
For
  
Mgmt
 
6
Expense Stock Options
Against
For
  
ShrHoldr
 
 
05/05/04 - A
EMC Corp. *EMC*
268648102
03/08/04
5,240
 
1
Elect Directors
For
For
  
Mgmt
 
2
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
3
Amend Employee Stock Purchase Plan
For
For
  
Mgmt
 
4
Ratify Auditors
For
For
  
Mgmt
 
5
Limit Executive Compensation
Against
Against
  
ShrHoldr
 
 
02/03/04 - A
Emerson Electric Co. *EMR*
291011104
11/24/03
2,694
 
1
Elect Directors
For
For
  
Mgmt
 
2
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
 
 
05/25/04 - A
Fannie Mae *FNM*
313586109
04/06/04
5,671
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Amend Employee Stock Purchase Plan
For
For
  
Mgmt
 
4
Provide for Cumulative Voting
Against
For
  
ShrHoldr
 
 
03/31/04 - A
Freddie Mac *FRE*
313400301
02/20/04
2,950
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
 
04/28/04 - A
General Electric Co. *GE*
369604103
03/01/04
10,837
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director James I. Cash, Jr. --- For
        
 
1.2
Elect Director Dennis D. Dammerman --- For
        
 
1.3
Elect Director Ann M. Fudge --- For
        
 
1.4
Elect Director Claudio X. Gonzalez --- Withhold
        
 
1.5
Elect Director Jeffrey R. Immelt --- For
        
 
1.6
Elect Director Andrea Jung --- For
        
 
1.7
Elect Director Alan G. Lafley --- For
        
 
1.8
Elect Director Kenneth G. Langone --- For
        
 
1.9
Elect Director Ralph S. Larsen --- For
        
 
1.10
Elect Director Rochelle B. Lazarus --- For
        
 
1.11
Elect Director Sam Nunn --- For
        
 
1.12
Elect Director Roger S. Penske --- For
        
 
1.13
Elect Director Robert J. Swieringa --- For
        
 
1.14
Elect Director Douglas A. Warner III --- For
        
 
1.15
Elect Director Robert C. Wright --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
4
Provide for Cumulative Voting
Against
Against
  
ShrHoldr
 
5
Eliminate Animal Testing
Against
Against
  
ShrHoldr
 
6
Report on Nuclear Fuel Storage Risks
Against
Against
  
ShrHoldr
 
7
Report on PCB Clean-up
Against
Against
  
ShrHoldr
 
8
Report on Foreign Outsourcing
Against
Against
  
ShrHoldr
 
9
Prepare Sustainability Report
Against
Against
  
ShrHoldr
 
10
Limit Composition of Management Development and Compensation Committee to Independent Directors
Against
Against
  
ShrHoldr
 
11
Report on Pay Disparity
Against
Against
  
ShrHoldr
 
12
Limit Awards to Executives
Against
Against
  
ShrHoldr
 
13
Limit Board Service for Other Companies
Against
For
  
ShrHoldr
 
14
Separate Chairman and CEO Positions
Against
Against
  
ShrHoldr
 
15
Hire Advisor/Maximize Shareholder Value
Against
Against
  
ShrHoldr
 
16
Adopt a Retention Ratio for Executives and Directors
Against
Against
  
ShrHoldr
 
17
Require 70% to 80% Independent Board
Against
Against
  
ShrHoldr
 
18
Report on Political Contributions/Activities
Against
Against
  
ShrHoldr
 
 
05/27/04 - A
Home Depot, Inc. (The) *HD*
437076102
03/29/04
4,806
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director Gregory D. Brenneman --- For
        
 
1.2
Elect Director Richard H. Brown --- For
        
 
1.3
Elect Director John L. Clendenin --- For
        
 
1.4
Elect Director Berry R. Cox --- For
        
 
1.5
Elect Director Claudio X. Gonzalez --- Withhold
        
 
1.6
Elect Director Milledge A. Hart, III --- For
        
 
1.7
Elect Director Bonnie G. Hill --- For
        
 
1.8
Elect Director Kenneth G. Langone --- For
        
 
1.9
Elect Director Robert L. Nardelli --- For
        
 
1.10
Elect Director Roger S. Penske --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Establish Term Limits for Directors
Against
Against
  
ShrHoldr
 
4
Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote
Against
For
  
ShrHoldr
 
5
Performance- Based/Indexed Options
Against
For
  
ShrHoldr
 
6
Adopt ILO Based Code of Conduct
Against
Against
  
ShrHoldr
 
7
Submit Severance Agreement (Change-in-Control) to Shareholder Vote
Against
For
  
ShrHoldr
 
8
Require Affirmative Vote of the Majority of the Shares to Elect Directors
Against
Against
  
ShrHoldr
 
 
04/26/04 - A
Honeywell International, Inc. *HON*
438516106
02/27/04
6,240
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director James J. Howard --- Withhold
        
 
1.2
Elect Director Bruce Karatz --- Withhold
        
 
1.3
Elect Director Russell E. Palmer --- Withhold
        
 
1.4
Elect Director Ivan G. Seidenberg --- Withhold
        
 
1.5
Elect Director Eric K. Shinseki --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Declassify the Board of Directors
Against
For
  
ShrHoldr
 
4
Amend Vote Requirements to Amend Articles/Bylaws/Charter
Against
For
  
ShrHoldr
 
5
Submit Severance Agreement (Change-in-Control) to Shareholder Vote
Against
For
  
ShrHoldr
 
6
Report on Pay Disparity
Against
Against
  
ShrHoldr
 
7
Provide for Cumulative Voting
Against
For
  
ShrHoldr
 
 
06/02/04 - A
Ingersoll-Rand Company Limited *IR*
G4776G101
04/02/04
4,830
   
Meeting for Holders of ADRs
        
 
1
Elect Directors
For
For
  
Mgmt
 
2
ADOPTION OF AMENDED AND RESTATED INCENTIVE STOCK PLAN OF 1998.
For
For
  
Mgmt
 
3
APPROVAL OF AMENDED AND RESTATED BYE-LAWS.
For
For
  
Mgmt
 
4
Ratify Auditors
For
For
  
Mgmt
 
5
SHAREHOLDER PROPOSAL TO DECLASSIFY THE BOARD OF DIRECTORS.
Against
For
  
ShrHoldr
 
6
SHAREHOLDER PROPOSAL TO CHANGE THE COMPANY S JURISDICTION OF INCORPORATION.
Against
Against
  
ShrHoldr
 
7
SHAREHOLDER PROPOSAL TO REQUIRE THE SEPARATION OF THE CHIEF EXECUTIVE OFFICER AND THE CHAIR OF THE BOARD.
Against
Against
  
ShrHoldr
 
 
05/19/04 - A
Intel Corp. *INTC*
458140100
03/22/04
11,968
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director Craig R. Barrett --- For
        
 
1.2
Elect Director Charlene Barshefsky --- For
        
 
1.3
Elect Director E. John P. Browne --- For
        
 
1.4
Elect Director Andrew S. Grove --- For
        
 
1.5
Elect Director D. James Guzy --- Withhold
        
 
1.6
Elect Director Reed E. Hundt --- For
        
 
1.7
Elect Director Paul S. Otellini --- For
        
 
1.8
Elect Director David S. Pottruck --- For
        
 
1.9
Elect Director Jane E. Shaw --- For
        
 
1.10
Elect Director John L. Thornton --- For
        
 
1.11
Elect Director David B. Yoffie --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Approve Omnibus Stock Plan
For
For
  
Mgmt
 
4
Expense Stock Options
Against
For
  
ShrHoldr
 
5
Limit/Prohibit Awards to Executives
Against
For
  
ShrHoldr
 
6
Performance- Based/Indexed Options
Against
For
  
ShrHoldr
 
 
04/27/04 - A
International Business Machines Corp. *IBM*
459200101
02/27/04
1,880
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Ratify Auditors for the Company's Business Consulting Services Unit
For
For
  
Mgmt
 
4
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
5
Provide for Cumulative Voting
Against
For
  
ShrHoldr
 
6
Amend Pension and Retirement Medical Insurance Plans
Against
Against
  
ShrHoldr
 
7
Submit Executive Compensation to Vote
Against
For
  
ShrHoldr
 
8
Expense Stock Options
Against
For
  
ShrHoldr
 
9
Limit Awards to Executives
Against
Against
  
ShrHoldr
 
10
China Principles
Against
Against
  
ShrHoldr
 
11
Report on Political Contributions/Activities
Against
Against
  
ShrHoldr
 
12
Report on Executive Compensation
Against
Against
  
ShrHoldr
 
 
05/11/04 - A
International Paper Co. *IP*
460146103
03/17/04
5,130
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director Martha F. Brooks --- For
        
 
1.2
Elect Director James A. Henderson --- For
        
 
1.3
Elect Director Robert D. Kennedy --- For
        
 
1.4
Elect Director W. Craig McClelland --- Withhold
        
 
1.5
Elect Director Robert M. Amen --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
4
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
5
Limit Executive Compensation
Against
Against
  
ShrHoldr
 
 
01/13/04 - A
Jabil Circuit, Inc. *JBL*
466313103
11/14/03
11,010
 
1
Elect Directors
For
For
  
Mgmt
 
2
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
 
 
04/22/04 - A
Johnson & Johnson *JNJ*
478160104
02/24/04
7,125
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Cease Charitable Contributions
Against
Against
  
ShrHoldr
 
 
05/28/04 - A
Lowe *LOW*
548661107
04/01/04
5,230
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director Leonard L. Berry --- For
        
 
1.2
Elect Director Paul Fulton --- For
        
 
1.3
Elect Director Dawn E. Hudson --- Withhold
        
 
1.4
Elect Director Marshall O. Larsen --- For
        
 
1.5
Elect Director Robert A. Niblock --- For
        
 
1.6
Elect Director Stephen F. Page --- For
        
 
1.7
Elect Director O. Temple Sloan, Jr. --- For
        
 
1.8
Elect Director Robert L. Tillman --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
 
05/11/04 - A
Masco Corp. *MAS*
574599106
03/15/04
6,980
 
1
Elect Directors
For
For
  
Mgmt
 
2
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
 
 
11/13/03 - A
Maxim Integrated Products, Inc. *MXIM*
57772K101
09/15/03
3,200
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director James R. Bergman --- For
        
 
1.2
Elect Director John F. Gifford --- Withhold
        
 
1.3
Elect Director B. Kipling Hagopian --- For
        
 
1.4
Elect Director M. D. Sampels --- For
        
 
1.5
Elect Director A. R. Frank Wazzan --- For
        
 
2
Amend Stock Option Plan
For
Against
  
Mgmt
 
3
Amend Employee Stock Purchase Plan
For
For
  
Mgmt
 
4
Ratify Auditors
For
For
  
Mgmt
 
 
05/03/04 - A
MBNA Corp. *KRB*
55262L100
02/13/04
9,390
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director James H. Berick --- Withhold
        
 
1.2
Elect Director Benjamin R. Civiletti --- Withhold
        
 
1.3
Elect Director Bruce L. Hammonds --- Withhold
        
 
1.4
Elect Director William L. Jews --- For
        
 
1.5
Elect Director Randolph D. Lerner --- Withhold
        
 
1.6
Elect Director Stuart L. Markowitz --- For
        
 
1.7
Elect Director William B. Milstead --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Expense Stock Options
Against
For
  
ShrHoldr
 
4
Require Majority of Independent Directors on Board
Against
For
  
ShrHoldr
 
 
08/28/03 - A
Medtronic, Inc. *MDT*
585055106
07/03/03
7,470
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director Richard H. Anderson --- For
        
 
1.2
Elect Director Michael R. Bonsignore --- For
        
 
1.3
Elect Director Gordon M. Sprenger --- Withhold
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Approve Omnibus Stock Plan
For
For
  
Mgmt
 
4
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
 
11/11/03 - A
Microsoft Corp. *MSFT*
594918104
09/12/03
24,700
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director William H. Gates, III --- For
        
 
1.2
Elect Director Steven A. Ballmer --- For
        
 
1.3
Elect Director James I. Cash, Jr., Ph.D. --- For
        
 
1.4
Elect Director Raymond V. Gilmartin --- For
        
 
1.5
Elect Director Ann McLaughlin Korologos --- For
        
 
1.6
Elect Director David F. Marquardt --- For
        
 
1.7
Elect Director Charles H. Noski --- For
        
 
1.8
Elect Director Dr. Helmut Panke --- For
        
 
1.9
Elect Director Wm. G. Reed, Jr. --- For
        
 
1.10
Elect Director Jon A. Shirley --- Withhold
        
 
2
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
3
Amend Non-Employee Director Stock Option Plan
For
For
  
Mgmt
   
Shareholder Proposal
        
 
4
Refrain from Giving Charitable Contributions
Against
Against
  
ShrHoldr
 
 
04/20/04 - A
Morgan Stanley *MWD*
617446448
02/20/04
5,907
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director John W. Madigan --- Withhold
        
 
1.2
Elect Director Dr. Klaus Zumwinkel --- For
        
 
1.3
Elect Director Sir Howard Davies --- For
        
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Declassify the Board of Directors
Against
For
  
ShrHoldr
 
4
Submit Severance Agreement (Change-in-Control) to Shareholder Vote
Against
For
  
ShrHoldr
 
5
Report on Political Contributions/Activities
Against
Against
  
ShrHoldr
 
 
10/13/03 - A
Oracle Corp. *ORCL*
68389X105
08/21/03
17,940
 
1
Elect Directors
For
For
  
Mgmt
 
2
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
 
4
Amend Non-Employee Director Omnibus Stock Plan
For
For
  
Mgmt
   
Shareholder Proposal
        
 
5
Implement China Principles
Against
Against
  
ShrHoldr
 
 
05/05/04 - A
PepsiCo, Inc. *PEP*
713448108
03/12/04
3,840
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
4
Report on Political Contributions/Activities
Against
Against
  
ShrHoldr
 
5
Report on Operational Impact of HIV/AIDS, TB, and Malaria Pandemic
Against
Against
  
ShrHoldr
 
 
04/22/04 - A
Pfizer Inc. *PFE*
717081103
02/27/04
15,140
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Approve Omnibus Stock Plan
For
For
  
Mgmt
 
4
Report on Operational Impact of HIV/AIDS, TB, and Malaria Pandemic
Against
Against
  
ShrHoldr
 
5
Cease Political Contributions/Activities
Against
Against
  
ShrHoldr
 
6
Report on Political Contributions/Activities
Against
Against
  
ShrHoldr
 
7
Establish Term Limits for Directors
Against
Against
  
ShrHoldr
 
8
Report on Drug Pricing
Against
Against
  
ShrHoldr
 
9
Limit Awards to Executives
Against
Against
  
ShrHoldr
 
10
Amend Animal Testing Policy
Against
Against
  
ShrHoldr
 
 
04/15/04 - A
PPG Industries, Inc. *PPG*
693506107
02/17/04
2,510
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
 
04/27/04 - A
Praxair, Inc. *PX*
74005P104
03/01/04
7,240
 
1
Elect Directors
For
For
  
Mgmt
 
2
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
3
Increase Authorized Common Stock
For
For
  
Mgmt
 
4
Approve Stockholder Protection Rights Agreement
For
For
  
Mgmt
 
 
03/02/04 - A
QUALCOMM Inc. *QCOM*
747525103
01/02/04
5,120
 
1
Elect Directors
For
Split
  
Mgmt
 
1.1
Elect Director Adelia A. Coffman --- Withhold
        
 
1.2
Elect Director Raymond V. Dittamore --- For
        
 
1.3
Elect Director Irwin Mark Jacobs --- For
        
 
1.4
Elect Director Richard Sulpizio --- For
        
 
2
Amend Stock Option Plan
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
 
4
Declassify the Board of Directors
Against
For
  
ShrHoldr
 
 
05/11/04 - A
Radian Group Inc. *RDN*
750236101
03/15/04
5,358
 
1
Elect Directors
For
For
  
Mgmt
 
2
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
3
Amend Articles
For
For
  
Mgmt
 
4
Ratify Auditors
For
For
  
Mgmt
 
 
04/21/04 - A
State Street Corp. (Boston) *STT*
857477103
02/27/04
3,800
 
1
Elect Directors
For
For
  
Mgmt
 
2
Exempt Board of Directors from Massachusetts General Laws, Chapter 156B, Section 50A(a)
Against
For
  
ShrHoldr
 
 
05/19/04 - A
Target Corporation *TGT*
87612E106
03/22/04
5,980
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
 
07/23/03 - A
Tenet Healthcare Corp. *THC*
88033G100
06/02/03
7,060
 
1
Elect Directors
For
For
  
Mgmt
 
2
Declassify the Board of Directors
For
For
  
Mgmt
 
3
Ratify Auditors
For
For
  
Mgmt
   
Shareholder Proposal
        
 
4
Require Majority of Independent Directors on Board
Against
Against
  
ShrHoldr
 
 
05/18/04 - A
The Allstate Corp. *ALL*
020002101
03/19/04
2,950
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Amend Executive Incentive Bonus Plan
For
For
  
Mgmt
 
4
Amend Executive Incentive Bonus Plan
For
For
  
Mgmt
 
5
Provide for Cumulative Voting
Against
For
  
ShrHoldr
 
 
04/13/04 - A
The Bank Of New York Co., Inc. *BK*
064057102
02/23/04
5,870
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Amend Executive Incentive Bonus Plan
For
For
  
Mgmt
 
4
Report on Political Contributions
Against
Against
  
ShrHoldr
 
5
Limit Executive Compensation
Against
Against
  
ShrHoldr
 
6
Limit Composition of Committee to Independent Directors
Against
Against
  
ShrHoldr
 
7
Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote
Against
For
  
ShrHoldr
 
 
03/31/04 - A
The Goldman Sachs Group, Inc. *GS*
38141G104
02/02/04
3,470
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Declassify the Board of Directors
Against
For
  
ShrHoldr
 
 
05/27/04 - A
The PMI Group, Inc. *PMI*
69344M101
04/01/04
5,380
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Amend Omnibus Stock Plan
For
For
  
Mgmt
 
4
Approve Deferred Compensation Plan
For
For
  
Mgmt
 
5
Approve Executive Incentive Bonus Plan
For
For
  
Mgmt
 
 
10/14/03 - A
The Procter & Gamble Company *PG*
742718109
08/01/03
2,680
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Approve Non-Employee Director Omnibus Stock Plan
For
Against
  
Mgmt
   
Shareholder Proposals
        
 
4
Declassify the Board of Directors
Against
For
  
ShrHoldr
 
5
Label Genetically Engineered Foods
Against
Against
  
ShrHoldr
 
 
04/14/04 - A
United Technologies Corp. *UTX*
913017109
02/17/04
3,430
 
1
Elect Directors
For
For
  
Mgmt
 
2
Ratify Auditors
For
For
  
Mgmt
 
3
Disclosure of Executive Compensation
Against
Against
  
ShrHoldr
 
4
Develop Ethical Criteria for Military Contracts
Against
Against
  
ShrHoldr
 
5
Performance-Based/Indexed Options
Against
For
  
ShrHoldr
 
6
Separate Chairman and CEO Positions
Against
For
  
ShrHoldr
 
 
06/04/04 - A
Wal-Mart Stores, Inc. *WMT*
931142103
04/05/04
2,122
 
1
Elect Directors
For
For
  
Mgmt
 
2
Approve Stock Option Plan
For
For
  
Mgmt
 
3
Approve Stock Option Plan
For
For
  
Mgmt
 
4
Amend Employee Stock Purchase Plan
For
For
  
Mgmt
 
5
Ratify Auditors
For
For
  
Mgmt
 
6
Separate Chairman and CEO Positions
Against
For
  
ShrHoldr
 
7
Prepare Sustainability Report
Against
For
  
ShrHoldr
 
8
Report on Stock Option Distribution by Race and Gender
Against
For
  
ShrHoldr
 
9
Report on Genetically Modified Organisms (GMO)
Against
Against
  
ShrHoldr
 
10
Prepare Diversity Report
Against
For
  
ShrHoldr
 
11
Submit Executive Compensation to Vote
Against
For
  
ShrHoldr
 
 
01/14/04 - A
Walgreen Co. *WAG*
931422109
11/17/03
11,630
 
1
Elect Directors
For
For
  
Mgmt
 
2
Approve Non-Employee Director Omnibus Stock Plan
For
Against
  
Mgmt
 
 
04/13/04 - A
Weyerhaeuser Co. *WY*
962166104
02/20/04
2,510
 
1
Elect Directors
For
For
  
Mgmt
 
2
Approve Omnibus Stock Plan
For
For
  
Mgmt
 
3
Declassify the Board of Directors
Against
For
  
Mgmt
 
4
Expense Stock Options
Against
For
  
ShrHoldr
 
5
Implement Restricted Share Executive Compensation Plan
Against
For
  
ShrHoldr
 
6
Report on Greenhouse Gas Emissions
Against
Against
  
ShrHoldr
 
7
Develop Policy Regarding Old Growth Forests
Against
Against
  
ShrHoldr
 
8
Ratify Auditors
For
For
  
Mgmt
 
 


 
     
 



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.


ADVISORS SERIES TRUST


By (Signature and Title)* /s/ Doug Hess, Treasurer

Date: August 31, 2004
 
* Print the name and title of each signing officer under his or her signature.