N-PX 1 e1977.htm

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:   811-22172
     
 
Exact name of registrant as specified in charter:   World Funds Trust
     
 
Address of principal executive offices:   8730 Stony Point Parkway, Suite 205
Richmond, VA 23235
 
Name and address of agent for service:   The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
 
    with a copy to:
John H. Lively
The Law Offices of John H. Lively & Associates, Inc.
    A member firm of the 1940 Act Law GroupTM
    11300 Tomahawk Creek Parkway, Suite 310
    Leawood, KS 66211
 
Registrant’s telephone number, including area code:   800-267-7400
 
Date of fiscal year end:   September 30th
 
Date of reporting period:   July 1, 2015 to June 30, 2016
 

Item 1. Proxy Voting Record.

Union Street Partners Value Fund

APPLE INC.     Agenda Number:   934319016
Security:   037833100   Meeting Type:   Annual
Ticker:   AAPL   Meeting Date:   26-Feb-2016
ISIN:   US0378331005        
                 
Prop.# Proposal   Proposal   Proposal vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: JAMES BELL   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: TIM COOK   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: AL GORE   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: BOB IGER   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: ANDREA JUNG   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: ART LEVINSON   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: RON SUGAR   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: SUE WAGNER   Mgmt   No vote    
                 
2.   RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS APPLE’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2016   Mgmt   No vote    
                 
3.   AN ADVISORY RESOLUTION TO APPROVE EXECUTIVE COMPENSATION   Mgmt   No vote    
                 
4.   APPROVAL OF THE AMENDED AND RESTATED APPLE INC. 2014 EMPLOYEE STOCK PLAN   Mgmt   No vote    
                 
5.   A SHAREHOLDER PROPOSAL ENTITLED “NET-ZERO GREENHOUSE   Shr   No vote    
    GAS EMISSIONS BY 2030”            
                 
6.   A SHAREHOLDER PROPOSAL REGARDING DIVERSITY AMONG OUR   Shr   No vote    
    SENIOR MANAGEMENT AND BOARD OF DIRECTORS            
                 
7.   A SHAREHOLDER PROPOSAL ENTITLED “HUMAN RIGHTS REVIEW -   Shr   No vote    
    HIGH RISK REGIONS”            
                 
8.   A SHAREHOLDER PROPOSAL ENTITLED “SHAREHOLDER PROXY ACCESS”   Shr   No vote    
             
AT&T INC.     Agenda Number:   934335969
Security:   00206R102   Meeting Type:   Annual
Ticker:   T   Meeting Date:   29-Apr-2016
ISIN:   US00206R1023        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: RANDALL L. STEPHENSON   Mgmt        
                 
1B.   ELECTION OF DIRECTOR: SAMUEL A. DI PIAZZA, JR.   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: RICHARD W. FISHER   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: SCOTT T. FORD   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: GLENN H. HUTCHINS   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: WILLIAM E. KENNARD   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: MICHAEL B. MCCALLISTER   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: BETH E. MOONEY   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: JOYCE M. ROCHE   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: MATTHEW K. ROSE   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: CYNTHIA B. TAYLOR   Mgmt   No vote    
                 
1L.   ELECTION OF DIRECTOR: LAURA D’ANDREA TYSON   Mgmt   No vote    
                 
2.   RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS.   Mgmt   No vote    
                 
3.   ADVISORY APPROVAL OF EXECUTIVE COMPENSATION.   Mgmt   No vote    
                 
4.   APPROVAL OF 2016 INCENTIVE PLAN.   Mgmt   No vote    
                 
5.   POLITICAL SPENDING REPORT.   Shr   No vote    
                 
6.   LOBBYING REPORT.   Shr   No vote    
                 
7.   INDEPENDENT BOARD CHAIRMAN.   Shr   No vote    
             
BANK OF AMERICA CORPORATION   Agenda Number:   934269172
Security:   060505104   Meeting Type:   Special
Ticker:   BAC Meeting   Meeting Date:   22-Sep-2015
ISIN:   US0605051046        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
01   RESOLVED, THAT THE BANK OF AMERICA CORPORATION STOCKHOLDERS HEREBY RATIFY THE OCTOBER 1, 2014   Mgmt   No vote    
    AMENDMENTS TO THE COMPANY’S BYLAWS THAT PERMIT THE            
    COMPANY’S BOARD OF DIRECTORS THE DISCRETION TO            
    DETERMINE THE BOARD’S LEADERSHIP STRUCTURE, INCLUDING            
    APPOINTING AN INDEPENDENT CHAIRMAN, OR APPOINTING A            
    LEAD INDEPENDENT DIRECTOR WHEN THE CHAIRMAN IS NOT AN            
    INDEPENDENT DIRECTOR.            
             
BANK OF AMERICA CORPORATION   Agenda Number:   934341568
Security:   060505104   Meeting Type:   Annual
Ticker:   BAC   Meeting Date:   27-Apr-2016
ISIN:   US0605051046        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1A.   ELECTION OF DIRECTOR: SHARON L. ALLEN   Mgmt   No vote    
 
1B.   ELECTION OF DIRECTOR: SUSAN S. BIES   Mgmt   No vote    
 
1C.   ELECTION OF DIRECTOR: JACK O. BOVENDER, JR.   Mgmt   No vote    
 
1D.   ELECTION OF DIRECTOR: FRANK P. BRAMBLE, SR.   Mgmt   No vote    
 
1E.   ELECTION OF DIRECTOR: PIERRE J.P. DE WECK   Mgmt   No vote    
 
1F.   ELECTION OF DIRECTOR: ARNOLD W. DONALD   Mgmt   No vote    
 
1G.   ELECTION OF DIRECTOR: LINDA P. HUDSON   Mgmt   No vote    
 
1H.   ELECTION OF DIRECTOR: MONICA C. LOZANO   Mgmt   No vote    
 
1I.   ELECTION OF DIRECTOR: THOMAS J. MAY   Mgmt   No vote    
 
1J.   ELECTION OF DIRECTOR: BRIAN T. MOYNIHAN   Mgmt   No vote    
 
1K.   ELECTION OF DIRECTOR: LIONEL L. NOWELL, III   Mgmt   No vote    
 
1L.   ELECTION OF DIRECTOR: THOMAS D. WOODS   Mgmt   No vote    
 
1M.   ELECTION OF DIRECTOR: R. DAVID YOST   Mgmt   No vote    
 
2.   APPROVING OUR EXECUTIVE COMPENSATION (AN ADVISORY,NON-BINDING “SAY ON PAY” RESOLUTION)   Mgmt   No vote    
 
3.   RATIFYING THE APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2016   Mgmt   No vote    
 
4.   STOCKHOLDER PROPOSAL - CLAWBACK AMENDMENT   Shr   No vote    
             
BP P.L.C.     Agenda Number:   934333206
Security:   055622104   Meeting Type:   Annual
Ticker:   BP   Meeting Date:   14-Apr-2016
ISIN:   US0556221044        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1.   TO RECEIVE THE DIRECTORS’ ANNUAL REPORT AND ACCOUNTS.   Mgmt   No vote    
 
2.   TO RECEIVE AND APPROVE THE DIRECTORS’ REMUNERATION REPORT.   Mgmt   No vote    
 
3.   TO RE-ELECT MR R W DUDLEY AS A DIRECTOR.   Mgmt   No vote    
 
4.   TO RE-ELECT DR B GILVARY AS A DIRECTOR.   Mgmt   No vote    
 
5.   TO RE-ELECT MR P M ANDERSON AS A DIRECTOR.   Mgmt   No vote    
 
6.   TO RE-ELECT MR A BOECKMANN AS A DIRECTOR.   Mgmt   No vote    
 
7.   TO RE-ELECT ADMIRAL F L BOWMAN AS A DIRECTOR.   Mgmt   No vote    
 
8.   TO RE-ELECT MRS C B CARROLL AS A DIRECTOR.   Mgmt   No vote    
 
9.   TO RE-ELECT MR I E L DAVIS AS A DIRECTOR.   Mgmt   No vote    
 
10.   TO RE-ELECT PROFESSOR DAME ANN DOWLING AS A DIRECTOR.   Mgmt   No vote    
 
11.   TO RE-ELECT MR B R NELSON AS A DIRECTOR.   Mgmt   No vote    
 
12.   TO ELECT MRS P R REYNOLDS AS A DIRECTOR.   Mgmt   No vote    
 
13.   TO ELECT SIR JOHN SAWERS AS A DIRECTOR.   Mgmt   No vote    
 
14.   TO RE-ELECT MR A B SHILSTON AS A DIRECTOR.   Mgmt   No vote    
 
15.   TO RE-ELECT MR C-H SVANBERG AS A DIRECTOR.   Mgmt   No vote    
 
16.   TO REAPPOINT ERNST & YOUNG LLP AS AUDITORS AND TO AUTHORIZE THE DIRECTORS TO FIX THEIR REMUNERATION.   Mgmt   No vote    
 
17.   TO GIVE LIMITED AUTHORITY TO MAKE POLITICAL DONATIONS AND INCUR POLITICAL EXPENDITURE.   Mgmt   No vote    
 
18.   TO GIVE LIMITED AUTHORITY TO ALLOT SHARES UP TO A SPECIFIED AMOUNT.       No vote    
 
19.   SPECIAL RESOLUTION: TO GIVE AUTHORITY TO ALLOT A LIMITED NUMBER OF SHARES FOR CASH FREE OF PRE-EMPTION RIGHTS.   Mgmt   No vote    
 
20.   SPECIAL RESOLUTION: TO GIVE LIMITED AUTHORITY FOR THE PURCHASE OF ITS OWN SHARES BY THE COMPANY.   Mgmt   No vote    
 
21.   SPECIAL RESOLUTION: TO AUTHORIZE THE CALLING OF GENERAL MEETINGS (EXCLUDING ANNUAL GENERAL MEETINGS) BY NOTICE OF AT LEAST 14 CLEAR DAYS.   Mgmt   No vote    
             
CHEVRON CORPORATION   Agenda Number:   934375925
Security:   166764100   Meeting Type:   Annual
Ticker:   CVX   Meeting Date:   25-May-2016
ISIN:   US1667641005        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1A.   ELECTION OF DIRECTOR: A.B. CUMMINGS JR.   Mgmt   No vote    
 
1B.   ELECTION OF DIRECTOR: L.F. DEILY   Mgmt   No vote    
 
1C.   ELECTION OF DIRECTOR: R.E. DENHAM   Mgmt   No vote    
 
1D.   ELECTION OF DIRECTOR: A.P. GAST   Mgmt   No vote    
 
1E.   ELECTION OF DIRECTOR: E. HERNANDEZ JR.   Mgmt   No vote    
 
1F.   ELECTION OF DIRECTOR: J.M. HUNTSMAN JR.   Mgmt   No vote    
 
1G.   ELECTION OF DIRECTOR: C.W. MOORMAN IV   Mgmt   No vote    
 
1H.   ELECTION OF DIRECTOR: J.G. STUMPF   Mgmt   No vote    
 
1I.   ELECTION OF DIRECTOR: R.D. SUGAR   Mgmt   No vote    
 
1J.   ELECTION OF DIRECTOR: I.G. THULIN   Mgmt   No vote    
 
1K.   ELECTION OF DIRECTOR: J.S. WATSON   Mgmt   No vote    
 
2.   RATIFICATION OF APPOINTMENT OF PWC AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   Mgmt   No vote    
 
3.   ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION   Mgmt   No vote    
 
4.   AMENDMENT TO THE CHEVRON CORPORATION NON-EMPLOYEE DIRECTORS’ EQUITY COMPENSATION AND DEFERRAL PLAN   Mgmt   No vote    
 
5.   REPORT ON LOBBYING   Shr   No vote    
 
6.   ADOPT TARGETS TO REDUCE GHG EMISSIONS   Shr   No vote    
 
7.   REPORT ON CLIMATE CHANGE IMPACT ASSESSMENT   Shr   No vote    
 
8.   REPORT ON RESERVE REPLACEMENTS   Shr   No vote    
 
9.   ADOPT DIVIDEND POLICY   Shr   No vote    
 
10.   REPORT ON SHALE ENERGY OPERATIONS   Shr   No vote    
 
11.   RECOMMEND INDEPENDENT DIRECTOR WITH ENVIRONMENTAL EXPERTISE   Shr   No vote    
 
12.   SET SPECIAL MEETINGS THRESHOLD AT 10%   Shr   No vote    
 
                 
             
CITIGROUP INC.   Agenda Number:   934339183
Security:   172967424   Meeting Type:   Annual
Ticker:   C   Meeting Date:   26-Apr-2016
ISIN:   US1729674242        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1A.   ELECTION OF DIRECTOR: MICHAEL L. CORBAT   Mgmt   No vote    
 
1B.   ELECTION OF DIRECTOR: ELLEN M. COSTELLO   Mgmt   No vote    
 
1C.   ELECTION OF DIRECTOR: DUNCAN P. HENNES   Mgmt   No vote    
 
1D.   ELECTION OF DIRECTOR: PETER B. HENRY   Mgmt   No vote    
 
1E.   ELECTION OF DIRECTOR: FRANZ B. HUMER   Mgmt   No vote    
 
1F.   ELECTION OF DIRECTOR: RENEE J. JAMES   Mgmt   No vote    
 
1G.   ELECTION OF DIRECTOR: EUGENE M. MCQUADE   Mgmt   No vote    
 
1H.   ELECTION OF DIRECTOR: MICHAEL E. O’NEILL   Mgmt   No vote    
 
1I.   ELECTION OF DIRECTOR: GARY M. REINER   Mgmt   No vote    
 
1J.   ELECTION OF DIRECTOR: JUDITH RODIN   Mgmt   No vote    
 
1K.   ELECTION OF DIRECTOR: ANTHONY M. SANTOMERO   Mgmt   No vote    
 
1L.   ELECTION OF DIRECTOR: JOAN E. SPERO   Mgmt   No vote    
 
1M.   ELECTION OF DIRECTOR: DIANA L. TAYLOR   Mgmt   No vote    
 
1N.   ELECTION OF DIRECTOR: WILLIAM S. THOMPSON, JR.   Mgmt   No vote    
 
1O.   ELECTION OF DIRECTOR: JAMES S. TURLEY   Mgmt   No vote    
 
1P.   ELECTION OF DIRECTOR: ERNESTO ZEDILLO PONCE DE LEON   Mgmt   No vote    
 
2.   PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS CITI’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2016.   Mgmt   No vote    
 
3.   ADVISORY APPROVAL OF CITI’S 2015 EXECUTIVE COMPENSATION.   Mgmt   No vote    
 
4.   APPROVAL OF AN AMENDMENT TO THE CITIGROUP 2014 STOCK INCENTIVE PLAN AUTHORIZING ADDITIONAL SHARES.   Mgmt   No vote    
 
5.   APPROVAL OF THE AMENDED AND RESTATED 2011 CITIGROUP EXECUTIVE PERFORMANCE PLAN.   Mgmt   No vote    
 
6.   STOCKHOLDER PROPOSAL REQUESTING A REPORT DEMONSTRATING   Shr   No vote    
    THE COMPANY DOES NOT HAVE A GENDER PAY GAP.            
 
7.   STOCKHOLDER PROPOSAL REQUESTING A REPORT ON LOBBYING   Shr   No vote    
    AND GRASSROOTS LOBBYING CONTRIBUTIONS.            
 
8.   STOCKHOLDER PROPOSAL REQUESTING THAT THE BOARD APPOINT   Shr   No vote    
    A STOCKHOLDER VALUE COMMITTEE.            
 
9.   STOCKHOLDER PROPOSAL REQUESTING AN AMENDMENT TO THE   Shr   No vote    
    GENERAL CLAWBACK POLICY.            
 
10.   STOCKHOLDER PROPOSAL REQUESTING THAT THE BOARD ADOPT A   Shr   No vote    
    POLICY PROHIBITING THE VESTING OF EQUITY-BASED AWARDS            
    FOR SENIOR EXECUTIVES DUE TO A VOLUNTARY RESIGNATION            
    TO ENTER GOVERNMENT SERVICE.            
             
CUMMINS INC.   Agenda Number:   934348853
Security:   231021106   Meeting Type:   Annual
Ticker:   CMI   Meeting Date:   10-May-2016
ISIN:   US2310211063        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1)   ELECTION OF DIRECTOR: N. THOMAS LINEBARGER   Mgmt   No vote    
 
2)   ELECTION OF DIRECTOR: ROBERT J. BERNHARD   Mgmt   No vote    
 
3)   ELECTION OF DIRECTOR: DR. FRANKLIN R. CHANG DIAZ   Mgmt   No vote    
 
4)   ELECTION OF DIRECTOR: BRUNO V. DI LEO ALLEN   Mgmt   No vote    
 
5)   ELECTION OF DIRECTOR: STEPHEN B. DOBBS   Mgmt   No vote    
 
6)   ELECTION OF DIRECTOR: ROBERT K. HERDMAN   Mgmt   No vote    
 
7)   ELECTION OF DIRECTOR: ALEXIS M. HERMAN   Mgmt   No vote    
 
8)   ELECTION OF DIRECTOR: THOMAS J. LYNCH   Mgmt   No vote    
 
9)   ELECTION OF DIRECTOR: WILLIAM I. MILLER   Mgmt   No vote    
 
10)   ELECTION OF DIRECTOR: GEORGIA R. NELSON   Mgmt   No vote    
 
11)   ADVISORY VOTE TO APPROVE THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE PROXY STATEMENT.   Mgmt   No vote    
 
12)   PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS AUDITORS FOR 2016.   Mgmt   No vote    
 
13)   THE BOARD OF DIRECTORS’ PROPOSAL REGARDING PROXY ACCESS.   Mgmt   No vote    
 
14)   THE SHAREHOLDER PROPOSAL REGARDING PROXY ACCESS.   Shr   No vote    
             
DIAGEO PLC   Agenda Number:   934270745
Security:   25243Q205   Meeting Type:   Annual
Ticker:   DEO   Meeting Date:   23-Sep-2015
ISIN:   US25243Q2057        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1.   REPORT AND ACCOUNTS 2015.   Mgmt   No vote    
 
2.   DIRECTORS’ REMUNERATION REPORT 2015.   Mgmt   No vote    
 
3.   DECLARATION OF FINAL DIVIDEND.   Mgmt   No vote    
 
4.   RE-ELECTION OF PB BRUZELIUS AS A DIRECTOR. (AUDIT, NOMINATION & REMUNERATION COMMITTEE)   Mgmt   No vote    
 
5.   RE-ELECTION OF LORD DAVIES AS A DIRECTOR. (AUDIT, NOMINATION, REMUNERATION COMMITTEE (CHAIRMAN OF THE COMMITTEE))   Mgmt   No vote    
 
6.   RE-ELECTION OF HO KWONPING AS A DIRECTOR. (AUDIT, NOMINATION & REMUNERATION COMMITTEE)   Mgmt   No vote    
 
7.   RE-ELECTION OF BD HOLDEN AS A DIRECTOR. (AUDIT, NOMINATION & REMUNERATION COMMITTEE)   Mgmt   No vote    
 
8.   RE-ELECTION OF DR FB HUMER AS A DIRECTOR. (NOMINATION COMMITTEE (CHAIRMAN OF THE COMMITTEE))   Mgmt   No vote    
 
9.   RE-ELECTION OF D MAHLAN AS A DIRECTOR. (EXECUTIVE COMMITTEE)   Mgmt   No vote    
 
10.   RE-ELECTION OF NS MENDELSOHN AS A DIRECTOR. (AUDIT, NOMINATION & REMUNERATION COMMITTEE)   Mgmt   No vote    
 
11.   RE-ELECTION OF I MENEZES AS A DIRECTOR. (EXECUTIVE COMMITTEE (CHAIRMAN OF THE COMMITTEE))   Mgmt   No vote    
 
12.   RE-ELECTION OF PG SCOTT AS A DIRECTOR. (AUDIT (CHAIRMAN OF THE COMMITTEE), NOMINATION, REMUNERATION COMMITTEE)   Mgmt   No vote    
 
13.   RE-ELECTION OF AJH STEWART AS A DIRECTOR. (AUDIT, NOMINATION, REMUNERATION COMMITTEE)   Mgmt   No vote    
 
14.   APPOINTMENT OF AUDITOR.   Mgmt   No vote    
 
15.   REMUNERATION OF AUDITOR.   Mgmt   No vote    
 
16.   AUTHORITY TO ALLOT SHARES.   Mgmt   No vote    
 
17.   DISAPPLICATION OF PRE-EMPTION RIGHTS.   Mgmt   No vote    
 
18.   AUTHORITY TO PURCHASE OWN ORDINARY SHARES.   Mgmt   No vote    
 
19.   AUTHORITY TO MAKE POLITICAL DONATIONS AND/OR TO INCUR POLITICAL EXPENDITURE IN THE EU.   Mgmt   No vote    
             
EXXON MOBIL CORPORATION   Agenda Number:   934383504
Security:   30231G102   Meeting Type:   Annual
Ticker:   XOM   Meeting Date:   25-May-2016
ISIN:   US30231G1022        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1.   DIRECTOR            
    M.J. BOSKIN   Mgmt   No vote    
    P. BRABECK-LETMATHE   Mgmt   No vote    
    A.F. BRALY   Mgmt   No vote    
    U.M. BURNS   Mgmt   No vote    
    L.R. FAULKNER   Mgmt   No vote    
    J.S. FISHMAN   Mgmt   No vote    
    H.H. FORE   Mgmt   No vote    
    K.C. FRAZIER   Mgmt   No vote    
    D.R. OBERHELMAN   Mgmt   No vote    
    S.J. PALMISANO   Mgmt   No vote    
    S.S REINEMUND   Mgmt   No vote    
    R.W. TILLERSON   Mgmt   No vote    
    W.C. WELDON   Mgmt   No vote    
    D.W. WOODS   Mgmt   No vote    
                 
2.   RATIFICATION OF INDEPENDENT AUDITORS (PAGE 24)   Mgmt   No vote    
                 
3.   ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (PAGE 26)   Mgmt   No vote    
                 
4.   INDEPENDENT CHAIRMAN (PAGE 56)   Shr   No vote    
                 
5.   CLIMATE EXPERT ON BOARD (PAGE 58)   Shr   No vote    
                 
6.   HIRE AN INVESTMENT BANK (PAGE 59)   Shr   No vote    
 
7.   PROXY ACCESS BYLAW (PAGE 59)   Shr   No vote    
                 
8.   REPORT ON COMPENSATION FOR WOMEN (PAGE 61)   Shr   No vote    
                 
9.   REPORT ON LOBBYING (PAGE 63)   Shr   No vote    
                 
10.   INCREASE CAPITAL DISTRIBUTIONS (PAGE 65)   Shr   No vote    
                 
11.   POLICY TO LIMIT GLOBAL WARMING TO 2 C (PAGE 67)   Shr   No vote    
                 
12.   REPORT ON IMPACTS OF CLIMATE CHANGE POLICIES (PAGE 69)   Shr   No vote    
                 
13.   REPORT RESERVE REPLACEMENTS IN BTUS (PAGE 71)   Shr   No vote    
                 
14.   REPORT ON HYDRAULIC FRACTURING (PAGE 72)   Shr   No vote    
             
FIDELIT INSTL CASH PORTFOLIOS   Agenda Number:   934286421
Security:   316175207   Meeting Type:   Special
Ticker:   FMPXX   Meeting Date:   12-Feb-2016
ISIN:   US3161752072        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1.   DIRECTOR            
    ELIZABETH S. ACTON   Mgmt   No vote    
    JOHN ENGLER   Mgmt   No vote    
    ALBERT R. GAMPER, JR.   Mgmt   No vote    
    ROBERT F. GARTLAND   Mgmt   No vote    
    ABIGAIL P. JOHNSON   Mgmt   No vote    
    ARTHUR E. JOHNSON   Mgmt   No vote    
    MICHAEL E. KENNEALLY   Mgmt   No vote    
    JAMES H. KEYES   Mgmt   No vote    
    MARIE L. KNOWLES   Mgmt   No vote    
    GEOFFREY A. VON KUHN   Mgmt   No vote    
             
FORD MOTOR COMPANY   Agenda Number:   934351026
Security:   345370860   Meeting Type:   Annual
Ticker:   F   Meeting Date:   12-May-2016
ISIN:   US3453708600        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: STEPHEN G. BUTLER   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: KIMBERLY A. CASIANO   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: ANTHONY F. EARLEY, JR.   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: MARK FIELDS   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: EDSEL B. FORD II   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: WILLIAM CLAY FORD, JR.   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: JAMES H. HANCE, JR.   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: WILLIAM W. HELMAN IV   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: JON M. HUNTSMAN, JR.   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: WILLIAM E. KENNARD   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: JOHN C. LECHLEITER   Mgmt   No vote    
                 
1L.   ELECTION OF DIRECTOR: ELLEN R. MARRAM   Mgmt   No vote    
                 
1M.   ELECTION OF DIRECTOR: GERALD L. SHAHEEN   Mgmt   No vote    
                 
1N.   ELECTION OF DIRECTOR: JOHN L. THORNTON   Mgmt   No vote    
                 
2.   RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED   Mgmt   No vote    
    PUBLIC ACCOUNTING FIRM.            
 
3.   SAY ON PAY - AN ADVISORY VOTE TO APPROVE THE   Mgmt   No vote    
    COMPENSATION OF THE NAMED EXECUTIVES.            
                 
4.   APPROVAL OF THE TAX BENEFIT PRESERVATION PLAN.   Mgmt   No vote    
                 
5.   RELATING TO CONSIDERATION OF A RECAPITALIZATION PLAN   Shr   No vote    
    TO PROVIDE THAT ALL OF THE COMPANY’S OUTSTANDING STOCK            
    HAVE ONE VOTE PER SHARE.            
                 
6.   RELATING TO ALLOWING HOLDERS OF 10% OF OUTSTANDING   Shr   No vote    
    COMMON STOCK TO CALL SPECIAL MEETINGS OF SHAREHOLDERS.            
             
GENERAL ELECTRIC COMPANY   Agenda Number:   934341532
Security:   369604103   Meeting Type:   Annual
Ticker:   GE   Meeting Date:   27-Apr-2016
ISIN:   US3696041033        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
A1   ELECTION OF DIRECTOR: SEBASTIEN M. BAZIN   Mgmt   No vote    
                 
A2   ELECTION OF DIRECTOR: W. GEOFFREY BEATTIE   Mgmt   No vote    
                 
A3   ELECTION OF DIRECTOR: JOHN J. BRENNAN   Mgmt   No vote    
                 
A4   ELECTION OF DIRECTOR: FRANCISCO D’SOUZA   Mgmt   No vote    
                 
A5   ELECTION OF DIRECTOR: MARIJN E. DEKKERS   Mgmt   No vote    
                 
A6   ELECTION OF DIRECTOR: PETER B. HENRY   Mgmt   No vote    
                 
A7   ELECTION OF DIRECTOR: SUSAN J. HOCKFIELD   Mgmt   No vote    
                 
A8   ELECTION OF DIRECTOR: JEFFREY R. IMMELT   Mgmt   No vote    
                 
A9   ELECTION OF DIRECTOR: ANDREA JUNG   Mgmt   No vote    
                 
A10   ELECTION OF DIRECTOR: ROBERT W. LANE   Mgmt   No vote    
                 
A11   ELECTION OF DIRECTOR: ROCHELLE B. LAZARUS   Mgmt   No vote    
                 
A12   ELECTION OF DIRECTOR: LOWELL C. MCADAM   Mgmt   No vote    
                 
A13   ELECTION OF DIRECTOR: JAMES J. MULVA   Mgmt   No vote    
                 
A14   ELECTION OF DIRECTOR: JAMES E. ROHR   Mgmt   No vote    
                 
A15   ELECTION OF DIRECTOR: MARY L. SCHAPIRO   Mgmt   No vote    
                 
A16   ELECTION OF DIRECTOR: JAMES S. TISCH   Mgmt   No vote    
                 
B1   ADVISORY APPROVAL OF OUR NAMED EXECUTIVES’   Mgmt   No vote    
    COMPENSATION            
                 
B2   RATIFICATION OF KPMG AS INDEPENDENT AUDITOR FOR 2016   Mgmt   No vote    
                 
C1   LOBBYING REPORT   Shr   No vote    
                 
C2   INDEPENDENT CHAIR   Shr   No vote    
                 
C3   HOLY LAND PRINCIPLES   Shr   No vote    
                 
C4   CUMULATIVE VOTING   Shr   No vote    
                 
C5   PERFORMANCE-BASED OPTIONS   Shr   No vote    
                 
C6   HUMAN RIGHTS REPORT   Shr   No vote    
             
INTEL CORPORATION   Agenda Number:   934362168
Security:   458140100   Meeting Type:   Annual
Ticker:   INTC   Meeting Date:   19-May-2016
ISIN:   US4581401001        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: CHARLENE BARSHEFSKY   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: ANEEL BHUSRI   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: ANDY D. BRANT   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: JOHN J. DONAHOE   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: REED E. HUNDT   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: BRIAN M. KRZANICH   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: JAMES D. PLUMMER   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: DAVID S. POTTRUCK   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: FRANK D. YEAR   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: DAVID B. YOFFIE   Mgmt   No vote    
                 
2.   RATIFICATION OF SELECTION OF ERNST & YOUNG LLP AS OUR   Mgmt   No vote    
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2016            
                 
3.   ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION   Mgmt   No vote    
                 
4.   STOCKHOLDER PROPOSAL ON IMPLEMENTING PRINCIPLES   Shr   No vote    
    ENTITLED “HOLY LAND PRINCIPLES”            
                 
5.   STOCKHOLDER PROPOSAL ON WHETHER TO ALLOW STOCKHOLDERS   Shr   No vote    
    TO ACT BY WRITTEN CONSENT            
                 
6.   STOCKHOLDER PROPOSAL ON WHETHER TO ADOPT AN   Shr   No vote    
    ALTERNATIVE VOTE COUNTING STANDARD            
             
J. C. PENNEY COMPANY, INC.   Agenda Number:   934366635
Security:   708160106   Meeting Type:   Annual
Ticker:   JCP   Meeting Date:   20-May-2016
ISIN:   US7081601061        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: COLLEEN C. BARRETT   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: MARVIN R. ELLISON   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: AMANDA GINSBERG   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: B. CRAIG OWENS   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: LISA A. PAYNE   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: J. PAUL RAINES   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: LEONARD H. ROBERTS   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: JAVIER G. TERUEL   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: R. GERALD TURNER   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: RONALD W. TYSOE   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: MYRON E. ULLMAN, III   Mgmt   No vote    
                 
2.   TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT   Mgmt   No vote    
    AUDITOR FOR THE FISCAL YEAR ENDING JANUARY 28, 2017.            
                 
3.   TO APPROVE THE ADOPTION OF THE J.C. PENNEY COMPANY,   Mgmt   No vote    
    INC. 2016 LONG-TERM INCENTIVE PLAN.            
                 
4.   TO APPROVE THE ADOPTION OF THE J.C. PENNEY COMPANY,   Mgmt   No vote    
    INC. 2016 EMPLOYEE STOCK PURCHASE PLAN.            
                 
5.   ADVISORY VOTE ON EXECUTIVE COMPENSATION.   Mgmt   No vote    
             
JOHNSON & JOHNSON   Agenda Number:   934340984
Security:   478160104   Meeting Type:   Annual
Ticker:   JNJ   Meeting Date:   28-Apr-2016
ISIN:   US4781601046        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: MARY C. BECKERLE   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: D. SCOTT DAVIS   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: IAN E.L. DAVIS   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: ALEX GORSKY   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: SUSAN L. LINDQUIST   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: MARK B. MCCLELLAN   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: ANNE M. MULCAHY   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: WILLIAM D. PEREZ   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: CHARLES PRINCE   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: A. EUGENE WASHINGTON   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: RONALD A. WILLIAMS   Mgmt   No vote    
                 
2.   ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER   Mgmt   No vote    
    COMPENSATION            
                 
3.   RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS   Mgmt   No vote    
    LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING            
    FIRM FOR 2016            
                 
4.   SHAREHOLDER PROPOSAL - POLICY FOR SHARE REPURCHASE   Shr   No vote    
    PREFERENCE            
                 
5.   SHAREHOLDER PROPOSAL - INDEPENDENT BOARD CHAIRMAN   Shr   No vote    
                 
6.   SHAREHOLDER PROPOSAL - REPORT ON LOBBYING DISCLOSURE   Shr   No vote    
                 
7.   SHAREHOLDER PROPOSAL - TAKE-BACK PROGRAMS FOR UNUSED   Shr   No vote    
    MEDICINES            
             
MARKEL CORPORATION   Agenda Number:   934344312
Security:   570535104   Meeting Type:   Annual
Ticker:   MKL   Meeting Date:   16-May-2016
ISIN:   US5705351048        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: J. ALFRED BROADDUS, JR.   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: K. BRUCE CONNELL   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: DOUGLAS C. EBY   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: STEWART M. KASEN   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: ALAN I. KIRSHNER   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: LEMUEL E. LEWIS   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: ANTHONY F. MARKEL   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: STEVEN A. MARKEL   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: DARRELL D. MARTIN   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: MICHAEL O’REILLY   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: MICHAEL J. SCHEWEL   Mgmt   No vote    
                 
1L.   ELECTION OF DIRECTOR: JAY M. WEINBERG   Mgmt   No vote    
 
1M.   ELECTION OF DIRECTOR: DEBORA J. WILSON   Mgmt   No vote    
                 
2.   TO APPROVE THE COMPANY’S 2016 EQUITY INCENTIVE   Mgmt   No vote    
    COMPENSATION PLAN.            
                 
3.   TO APPROVE THE COMPANY’S 2016 EMPLOYEE STOCK PURCHASE   Mgmt   No vote    
    AND BONUS PLAN.            
                 
4.   TO RATIFY THE SELECTION OF KPMG LLP BY THE AUDIT   Mgmt   No vote    
    COMMITTEE OF THE BOARD OF DIRECTORS AS THE COMPANY’S            
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE            
    YEAR ENDING DECEMBER 31, 2016.            
             
MERCK & CO., INC.   Agenda Number:   934378515
Security:   58933Y105   Meeting Type:   Annual
Ticker:   MRK   Meeting Date:   24-May-2016
ISIN:   US58933Y1055        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: LESLIE A. BRUN   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: THOMAS R. CECH   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: PAMELA J. CRAIG   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: KENNETH C. FRAZIER   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: THOMAS H. GLOCER   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: C. ROBERT KIDDER   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: ROCHELLE B. LAZARUS   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: CARLOS E. REPRESAS   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: PAUL B. ROTHMAN   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: PATRICIA F. RUSSO   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: CRAIG B. THOMPSON   Mgmt   No vote    
                 
1L.   ELECTION OF DIRECTOR: WENDELL P. WEEKS   Mgmt   No vote    
                 
1M.   ELECTION OF DIRECTOR: PETER C. WENDELL   Mgmt   No vote    
                 
2.   NON-BINDING ADVISORY VOTE TO APPROVE THE COMPENSATION   Mgmt   No vote    
    OF OUR NAMED EXECUTIVE OFFICERS.            
                 
3.   RATIFICATION OF THE APPOINTMENT OF THE COMPANY’S   Mgmt   No vote    
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR            
    2016.            
                 
4.   SHAREHOLDER PROPOSAL TO ADOPT A SHAREHOLDERS’ RIGHT TO   Shr   No vote    
    ACT BY WRITTEN CONSENT.            
                 
5.   SHAREHOLDER PROPOSAL REQUESTING AN INDEPENDENT BOARD   Shr   No vote    
    CHAIRMAN.            
                 
6.   SHAREHOLDER PROPOSAL REQUESTING A REPORT ON DISPOSAL   Shr   No vote    
    OF UNUSED OR EXPIRED DRUGS.            
             
MICROSOFT CORPORATION   Agenda Number:   934290329
Security:   594918104   Meeting Type:   Annual
Ticker:   MSFT   Meeting Date:   02-Dec-2015
ISIN:   US5949181045        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1A.   ELECTION OF DIRECTOR: WILLIAM H. GATES III   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: TERI L. LIST-STOLL   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: G. MASON MORFIT   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: SATYA NADELLA   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: CHARLES H. NOSKI   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: HELMUT PANKE   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: SANDRA E. PETERSON   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: CHARLES W. SCHARF   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: JOHN W. STANTON   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: JOHN W. THOMPSON   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: PADMASREE WARRIOR   Mgmt   No vote    
                 
2.   ADVISORY VOTE ON EXECUTIVE COMPENSATION   Mgmt   No vote    
                 
3.   RATIFICATION OF DELOITTE & TOUCHE LLP AS OUR   Mgmt   No vote    
    INDEPENDENT AUDITOR FOR FISCAL YEAR 2016            
             
NOKIA CORPORATION   Agenda Number:   934301540
Security:   654902204   Meeting Type:   Special
Ticker:   NOK   Meeting Date:   02-Dec-2015
ISIN:   US6549022043        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
6.   RESOLUTION ON THE AUTHORIZATION TO THE BOARD OF   Mgmt   No vote    
    DIRECTORS TO RESOLVE TO ISSUE SHARES IN ORDER TO            
    IMPLEMENT THE COMBINATION BETWEEN NOKIA AND ALCATEL            
    LUCENT.            
                 
7.   RESOLUTION ON THE AMENDMENT OF THE ARTICLES OF   Mgmt   No vote    
    ASSOCIATION.            
                 
8.   RESOLUTION ON CHANGES TO THE COMPOSITION OF THE BOARD   Mgmt   No vote    
    OF DIRECTORS.            
             
NOKIA CORPORATION   Agenda Number:   934441027
Security:   654902204   Meeting Type:   Annual
Ticker:   NOK   Meeting Date:   16-Jun-2016
ISIN:   US6549022043        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
7.   ADOPTION OF THE ANNUAL ACCOUNTS   Mgmt   No vote    
                 
8.   RESOLUTION ON THE USE OF THE PROFIT SHOWN ON THE   Mgmt   No vote    
    BALANCE SHEET AND THE PAYMENT OF DIVIDEND            
                 
9.   RESOLUTION ON THE DISCHARGE OF THE MEMBERS OF THE   Mgmt   No vote    
    BOARD OF DIRECTORS AND THE PRESIDENT AND CEO FROM            
    LIABILITY            
                 
10.   RESOLUTION ON THE REMUNERATION TO THE MEMBERS OF THE   Mgmt   No vote    
    BOARD OF DIRECTORS            
                 
11.   RESOLUTION ON THE NUMBER OF MEMBERS OF THE BOARD OF   Mgmt   No vote    
    DIRECTORS            
                 
12.   DIRECTOR            
    VIVEK BADRINATH   Mgmt   No vote    
    BRUCE BROWN   Mgmt   No vote    
    LOUIS R. HUGHES   Mgmt   No vote    
    JEAN C. MONTY   Mgmt   No vote    
    ELIZABETH NELSON   Mgmt   No vote    
    OLIVIER PIOU   Mgmt   No vote    
    RISTO SIILASMAA   Mgmt   No vote    
    CARLA SMITS-NUSTELING   Mgmt   No vote    
    KARI STADIGH   Mgmt   No vote    
 
13.   RESOLUTION ON THE REMUNERATION OF THE AUDITOR   Mgmt   No vote    
                 
14.   ELECTION OF AUDITOR   Mgmt   No vote    
                 
15.   AUTHORIZATION TO THE BOARD OF DIRECTORS TO RESOLVE TO   Mgmt   No vote    
    REPURCHASE THE COMPANY’S OWN SHARES            
                 
16.   AUTHORIZATION TO THE BOARD OF DIRECTORS TO RESOLVE TO   Mgmt   No vote    
    ISSUE SHARES AND SPECIAL RIGHTS ENTITLING TO SHARES            
             
SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.)   Agenda Number:   934332545
Security:   806857108   Meeting Type:   Annual
Ticker:   SLB   Meeting Date:   06-Apr-2016
ISIN:   AN8068571086        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: PETER L.S. CURRIE   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: V. MAUREEN KEMPSTON DARKES   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: PAAL KIBSGAARD   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: NIKOLAY KUDRYAVTSEV   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: MICHAEL E. MARKS   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: INDRA K. NOOYI   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: LUBNA S. OLAYAN   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: LEO RAFAEL REIF   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: TORE I. SANDVOLD   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: HENRI SEYDOUX   Mgmt   No vote    
                 
2.   TO APPROVE, ON AN ADVISORY BASIS, THE COMPANY’S   Mgmt   No vote    
    EXECUTIVE COMPENSATION.            
                 
3.   TO APPROVE THE COMPANY’S 2015 FINANCIAL STATEMENTS AND   Mgmt   No vote    
    THE BOARD’S 2015 DECLARATIONS OF DIVIDENDS.            
                 
4.   TO APPROVE THE APPOINTMENT OF PRICEWATERHOUSECOOPERS   Mgmt   No vote    
    LLP AS THE COMPANY’S INDEPENDENT REGISTERED PUBLIC            
    ACCOUNTING FIRM FOR 2016.            
                 
5.   TO APPROVE AMENDMENTS TO THE COMPANY’S ARTICLES OF   Mgmt   No vote    
    INCORPORATION TO ALLOW THE BOARD TO FIX THE AUTHORIZED            
    NUMBER OF DIRECTORS AT A MEETING SUBJECT TO            
    STOCKHOLDER APPROVAL AND TO REFLECT CHANGES TO THE            
    CURACAO CIVIL CODE.            
                 
6.   TO APPROVE A RESOLUTION TO FIX THE NUMBER OF DIRECTORS   Mgmt   No vote    
    CONSTITUTING THE BOARD OF DIRECTORS AT NOT MORE THAN            
    12, SUBJECT TO APPROVAL OF ITEM 5.            
                 
7.   TO APPROVE OUR AMENDED AND RESTATED FRENCH SUB-PLAN   Mgmt   No vote    
    FOR PURPOSES OF QUALIFICATION UNDER FRENCH LAW, TO            
    PROVIDE RECIPIENTS OF EQUITY GRANTS THEREUNDER WITH            
    PREFERENTIAL TAX TREATMENT UNDER FRENCH LAW.            
             
TARGET CORPORATION   Agenda Number:   934399343
Security:   87612E106   Meeting Type:   Annual
Ticker:   TGT   Meeting Date:   08-Jun-2016
ISIN:   US87612E1064        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: ROXANNE S. AUSTIN   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: DOUGLAS M. BAKER, JR.   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: BRIAN C. CORNELL   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: CALVIN DARDEN   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: HENRIQUE DE CASTRO   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: ROBERT L. EDWARDS   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: MELANIE L. HEALEY   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: DONALD R. KNAUSS   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: MONICA C. LOZANO   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: MARY E. MINNICK   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: ANNE M. MULCAHY   Mgmt   No vote    
                 
1L.   ELECTION OF DIRECTOR: DERICA W. RICE   Mgmt   No vote    
                 
1M.   ELECTION OF DIRECTOR: KENNETH L. SALAZAR   Mgmt   No vote    
                 
1N.   ELECTION OF DIRECTOR: JOHN G. STUMPF   Mgmt   No vote    
                 
2.   COMPANY PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST &   Mgmt   No vote    
    YOUNG LLP AS OUR INDEPENDENT REGISTERED PUBLIC            
    ACCOUNTING FIRM.            
                 
3.   COMPANY PROPOSAL TO APPROVE, ON AN ADVISORY BASIS, OUR   Mgmt   No vote    
    EXECUTIVE COMPENSATION (“SAY-ON-PAY”).            
                 
4.   SHAREHOLDER PROPOSAL TO REPORT ON CRITERIA FOR   Shr   No vote    
    SELECTING COUNTRIES FOR OPERATIONS.            
             
THE BOEING COMPANY   Agenda Number:   934340883
Security:   097023105   Meeting Type:   Annual
Ticker:   BA   Meeting Date:   02-May-2016
ISIN:   US0970231058        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
                 
1A.   ELECTION OF DIRECTOR: DAVID L. CALHOUN   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: ARTHUR D. COLLINS, JR.   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: KENNETH M. DUBERSTEIN   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: EDMUND P. GIAMBASTIANI, JR.   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: LYNN J. GOOD   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: LAWRENCE W. KELLNER   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: EDWARD M. LIDDY   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: DENNIS A. MUILENBURG   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: SUSAN C. SCHWAB   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: RANDALL L. STEPHENSON   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: RONALD A. WILLIAMS   Mgmt   No vote    
                 
1L.   ELECTION OF DIRECTOR: MIKE S. ZAFIROVSKI   Mgmt   No vote    
                 
2.   APPROVE, ON AN ADVISORY BASIS, NAMED EXECUTIVE OFFICER   Mgmt   No vote    
    COMPENSATION.            
                 
3.   RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS   Mgmt   No vote    
    INDEPENDENT AUDITOR FOR 2016.            
                 
4.   SHAREHOLDER PROPOSAL: FURTHER REPORT ON LOBBYING   Shr   No vote    
    ACTIVITIES.            
                 
5.   SHAREHOLDER PROPOSAL: SPECIAL SHAREOWNER MEETINGS.   Shr   No vote    
                 
6.   SHAREHOLDER PROPOSAL: INDEPENDENT BOARD CHAIRMAN.   Shr   No vote    
                 
7.   SHAREHOLDER PROPOSAL: ARMS SALES TO ISRAEL.   Shr   No vote    
                 
             
VERIZON COMMUNICATIONS INC.   Agenda Number:   934342712
Security:   92343V104   Meeting Type:   Annual
Ticker:   VZ   Meeting Date:   05-May-2016
ISIN:   US92343V1044        
                 
Prop.# Proposal   Proposal   Proposal Vote   For/Against
        Type       Management
 
1A.   ELECTION OF DIRECTOR: SHELLYE L. ARCHAMBEAU   Mgmt   No vote    
                 
1B.   ELECTION OF DIRECTOR: MARK T. BERTOLINI   Mgmt   No vote    
                 
1C.   ELECTION OF DIRECTOR: RICHARD L. CARRION   Mgmt   No vote    
                 
1D.   ELECTION OF DIRECTOR: MELANIE L. HEALEY   Mgmt   No vote    
                 
1E.   ELECTION OF DIRECTOR: M. FRANCES KEETH   Mgmt   No vote    
                 
1F.   ELECTION OF DIRECTOR: KARL-LUDWIG KLEY   Mgmt   No vote    
                 
1G.   ELECTION OF DIRECTOR: LOWELL C. MCADAM   Mgmt   No vote    
                 
1H.   ELECTION OF DIRECTOR: DONALD T. NICOLAISEN   Mgmt   No vote    
                 
1I.   ELECTION OF DIRECTOR: CLARENCE OTIS, JR.   Mgmt   No vote    
                 
1J.   ELECTION OF DIRECTOR: RODNEY E. SLATER   Mgmt   No vote    
                 
1K.   ELECTION OF DIRECTOR: KATHRYN A. TESIJA   Mgmt   No vote    
                 
1L.   ELECTION OF DIRECTOR: GREGORY D. WASSON   Mgmt   No vote    
                 
1M.   ELECTION OF DIRECTOR: GREGORY G. WEAVER   Mgmt   No vote    
                 
2.   RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED   Mgmt   No vote    
    PUBLIC ACCOUNTING FIRM            
                 
3.   ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION   Mgmt   No vote    
                 
4.   RENEWABLE ENERGY TARGETS   Shr   No vote    
                 
5.   INDIRECT POLITICAL SPENDING REPORT   Shr   No vote    
                 
6.   LOBBYING ACTIVITIES REPORT   Shr   No vote    
                 
7.   INDEPENDENT CHAIR POLICY   Shr   No vote    
                 
8.   SEVERANCE APPROVAL POLICY   Shr   No vote    
                 
9.   STOCK RETENTION POLICY   Shr   No vote    

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.

World Funds Trust
(Registrant)

/s/ John Pasco, III
By (Signature and Title)
Name:   John Pasco, III
Title:   President

Date: August 30, 2016