N-PX 1 uscfetftrust06302016shell.htm USCF ETF N-PX 06302016 uscfetftrust06302016shell.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: 811-22930
 
USCF ETF Trust
(Exact name of registrant as specified in charter)
 
1999 Harrison Street, Suite 1530, Oakland, California 94612
(Address of principal executive offices) (Zip code)

USCF Advisers LLP
Mr. Stuart Crumbaugh
1999 Harrison Street, Suite 1530
Oakland, California 94612
 (Name and address of agent for service)

Registrant’s telephone number, including area code: (510) 522-9600

Date of fiscal year end: June 30

Date of reporting period: July 1, 2015 to June 30, 2016

ITEM 1.  PROXY VOTING RECORD:
 
Stock Split Index Fund



 
 
 

USCF ETF TRUST
July 1, 2015 to June 30, 2016
                   
Issuer of Security
Ticker
Meeting Date
CUSIP
Item
Matter Voted On
Issuer or Shareholder Proposal
Did Subadviser Vote on Behalf of Fund
Fund Vote
 
For or Against Management Recommendation
                   
Issuer of security
Ticker
Meeting date
CUSIP
Item
Matter voted on
Issuer or Shareholder Proposal
Did Subadviser Vote on Behalf of Fund
Fund Vote
For or Against Management Recommendation
Nippon Telegraph & Telephone Corporation
 NTT
6/24/2016
J24210106
1
Distribution of earned surplus
Issuer
No
For
For
       
2
Election of (12) Board members
Issuer
No
  
For
       
2a
Satoshi Miura
    
For
For
       
2b
Hiroo Unoura
    
For
For
       
2c
Hiromichi Shinohara
    
For
For
       
2d
Jun Sawada
    
For
For
       
2e
Kitsuyoshi Kobayashi
    
For
For
       
2f
Akira Shimada
    
For
For
       
2g
Tsunehisa Okuno
    
For
For
       
2h
Hiroki Kuriyama
    
For
For
       
2i
Takashi Hiroi
    
For
For
       
2j
Eiichi Sakamoto
    
For
For
       
2k
Katsuhiko Shirai
    
For
For
       
2l
Sadayuki Sakakibara
    
For
For
       
3
Election of (1) Audit & supervisory board member
Issuer
No
    
       
3a
Takao Maezawa
    
For
For
                   
Davita Healthcare Partners INC
DVA
6/20/2016
23918K108
1
Election of Directors
Issuer
No
For
For
       
1a
Pamela Arway
    
For
For
       
1b
Charles Berg
    
For
For
       
1c
Carol Davidson
    
For
For
       
1d
Barbara Desoer
    
For
For
       
1e
Paul Diaz
    
For
For
       
1f
Peter Grauer
    
For
For
       
1g
John Nehra
    
For
For
       
1h
William Rober
    
For
For
       
1i
Kent Thiry
    
For
For
       
1j
Roger Valine
    
For
For
       
2
To ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2016
Issuer
No
For
For
       
3
To hold an advisory vote to approve executive compensation
Issuer
No
For
For
       
4
To adopt and approve proposed amendments to  the Company's amended and restated bylaws to adopt proxy access
Issuer
No
For
For
       
5
To adopt and approve an amendment to the company's employee stock purchase plan
Issuer
No
For
For
       
6
To consider and vote upon a stockholder proposal regarding written consent
Shareholder
No
Against
For
                   
Columbia Sportswear Company
 COLM
6/10/2016
198516106 
1
Election of Directors
Issuer
No
For
For
       
1a
Gertrude Boyle
    
For
For
       
1b
Timothy Boyle
    
For
For
       
1c
Sarah Bany
    
For
For
       
1d
Murrey Albers
    
For
For
       
1e
Stephen Babson
    
For
For
       
1f
Andy Bryant
    
For
For
       
1g
Edward George
    
For
For
       
1h
Walter Klenz
    
For
For
       
1i
Ronald Nelson
    
For
For
       
1j
John Stanton
    
For
For
       
1k
Malia Wasson
    
For
For
       
2
To ratify the selection of Deloitte & Touche LLP as  the Company's independent registered public accounting firm for 2016
Issuer
No
For
For
       
3
To approve, by non-binding vote, executive compensation
Issuer
No
For
For
                   
Amphenol Corporation
 APH
5/25/2016
32095101
1
Election of Directors
Issuer
No
For
For
       
1a
Ronald Badie
    
For
For
       
1b
Stanley Clark
    
For
For
       
1c
David Falck
    
For
For
       
1d
Edward Jepsen
    
For
For
       
1e
Randall Ledford
    
For
For
       
1f
Martin Loeffler
    
For
For
       
1g
John Lord
    
For
For
       
1h
Adam Norwitt
    
For
For
       
1i
Diana Rearson
    
For
For
       
2
Ratification of Deloitte & Touche LLP as independent accountants of the company
Issuer
No
For
For
       
3
Advisory vote to approve compensation of named executive officers
Issuer
No
For
For
       
4
To approve an amendment to the restated certificate of incorporation
Issuer
No
For
For
                   
ITC Holdings Corp
 ITC
5/19/2016
465685105
1
Election of Directors
Issuer
No
For
For
       
1a
Albert Ernest
    
For
For
       
1b
Christopher Franklin
    
For
For
       
1c
Edward Jpeson
    
For
For
       
1d
David Lopez
    
For
For
       
1e
Hazel O'Leary
    
For
For
       
1f
Thomas Stephens
    
For
For
       
1g
G. Bennett Stewart III
    
For
For
       
1h
Lee Steward
    
For
For
       
1i
Joseph Welch
    
For
For
       
2
To Approve, by non-binding vote, executive compensation
Issuer
No
For
For
       
3
Ratification of the appointment of Deloitte & Touche LLP as independent registered public accountants for 2016
Issuer
No
For
For
                   
Gentex Corporation
GNTX
5/19/2016
371901109
1
Election of Directors
Issuer
No
For
For
       
1a
Fred Bauer
    
For
For
       
1b
Leslie Brown
    
For
For
       
1c
Gary Goode
    
For
For
       
1d
Pete Hoekstra
    
For
For
       
1e
James Hollars
    
For
For
       
1f
John Mulder
    
For
For
       
1g
Richard Schaum
    
For
For
       
1h
Frederick Sotok
    
For
For
       
1i
James Wallace
    
For
For
       
2
To ratify the appointment of Ernst & Young LLP as the company's auditors for the fiscal year ended December 31, 2016
Issuer
No
For
For
       
3
To approve, on an advisory basis, compensation of the company's named executive officers
Issuer
No
For
For
                   
First Business FINL SVCS INC
 FBIZ
5/16/2016
319390100
1
Election of Directors
Issuer
No
For
For
       
1a
Jan Eddy
    
For
For
       
1b
John Silseth
    
For
For
       
1c
Dean Voeks
    
For
For
       
2
To approve, in a non-binding, advisory vote, the compensation of the company's named executive officers
Issuer
No
For
For
       
3
To ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the year ending December 31, 2016
Issuer
No
For
For
                   
Union Pacific Corporation
 UNP
5/12/2016
907818108
1
Election of Directors
Issuer
No
For
For
       
1a
Andrew Card
    
For
For
       
1b
Erroll Davis
    
For
For
       
1c
David Dillon
    
For
For
       
1d
Lance Fritz
    
For
For
       
1e
Charles Krulak
    
For
For
       
1f
Jane Lute
    
For
For
       
1g
Michael McCarthy
    
For
For
       
1h
Michael McConnell
    
For
For
       
1i
Thomas McLarty, III
    
For
For
       
1j
Steven Rogel
    
For
For
       
1k
Jose Villarreal
    
For
For
       
2
Ratification of the appointment of Deloitte & Touche as the independent registered public accounting firm
Issuer
No
For
For
       
3
An advisory vote to approve executive compensation
Issuer
No
For
For
       
4
Shareholder proposal regarding executives to retain significant stock if properly presented at the annual meeting
Shareholder
No
Against
For
       
5
Shareholder proposal regarding independent chairman if properly presented at the annual meeting
Shareholder
No
Against
For
                   
RLI Corp
 RLI
5/5/2016
749607107
1
Election of Directors
Issuer
No
For
For
       
1a
Kaj Ahlmann
    
For
For
       
1b
Barbara Allen
    
For
For
       
1c
Michael Angelina
    
For
For
       
1d
John Baily
    
For
For
       
1e
Jordan Graham
    
For
For
       
1f
Charles Linke
    
For
For
       
1g
F. Lynn McPheeters
    
For
For
       
1h
Jonathan Michael
    
For
For
       
1i
James Scanlan
    
For
For
       
1j
Micdhael Stone
    
For
For
       
1k
Robert Viets
    
For
For
       
2
Approval of the RLI Corp annual incentive compensation plan
Issuer
No
For
For
       
3
Non-binding advisory vote on executive compensation
Issuer
No
For
For
       
4
Non-binding advisory vote regarding frequency of advisory vote on executive compensation
Issuer
No
1 Year
For
       
5
Ratification of the appointment of KPMG LLP as the company's independent registered public accounting firm
Issuer
No
For
For
                   
Mueller Industries, Inc
 MLI
5/5/2016
624756102 
1
Election of Directors
Issuer
No
For
For
       
1a
Gregory Christopher
    
For
For
       
1b
Paul Flaherty
    
For
For
       
1c
Gennaro Fulvio
    
For
For
       
1d
Gary Gladstein
    
For
For
       
1e
Scott Goldman
    
For
For
       
1f
John Hansen
    
For
For
       
1g
Terry Hermanson
    
For
For
       
2
Approve the appointment of Ernst & Young LLP as the company's independent registered public accounting firm
Issuer
No
For
For
       
3
To approve, on an advisory basis by non-binding vote, executive compensation
Issuer
No
Against
Against
                   
Astrazeneca PLC
 AZN
4/29/2016
46353108
1
To receive the company's accounts and reports of the directors and auditor for the year ended 31 December 2015
Issuer
No
For
For
       
2
To confirm dividends
Issuer
No
For
For
       
3
To re-appoint KPMG LLP, London as auditor
Issuer
No
For
For
       
4
To authorize the directors to agree the remuneration of the auditor
Issuer
No
For
For
       
5
To re-elect Directors
Issuer
No
For
For
       
5a
Leif Johansson
    
For
For
       
5b
Pascal Soriot
    
For
For
       
5c
Marc Dunoyer
    
For
For
       
5d
Cori Bargmann
    
For
For
       
5e
Genevieve Berger
    
For
For
       
5f
Bruce Burlington
    
For
For
       
5g
Ann Cairns
    
For
For
       
5h
Graham Chipchase
    
For
For
       
5i
Jean-Philippe Courtois
    
For
For
       
5j
Rudy Markham
    
For
For
       
5k
Shriti Vadera
    
For
For
       
5l
Marcus Wallenberg
    
For
For
       
6
To approve the annual report on remuneration for the year ended 31 December 2015
Issuer
No
For
For
       
7
To authorize limited EU political donations
Issuer
No
Against
Against
       
8
To authorize the directors to allot shares
Issuer
No
For
For
       
9
To authorize the directors to disapply pre-emption rights
Issuer
No
For
For
       
10
To authorize the company to purchase its own shares
Issuer
No
For
For
       
11
To reduce the notice period for general meetings
Issuer
No
Against
Against
                   
PPG Industries Inc
 PPG
4/21/2016
693506107
1
Election of Directors
Issuer
No
For
For
       
1a
James Berges
    
For
For
       
1b
Victoria Haynes
    
For
For
       
1c
Michael McGarry
    
For
For
       
1d
John Faraci
    
For
For
       
2
Approve the compensation of the company's named executive officers on an advisory basis
Issuer
No
For
For
       
3
Reapprove the performance goals under the amended and restated omnibus incentive plan
Issuer
No
For
For
       
4
Approve the amendment and restatement of the amended and restated omnibus incentive plan
Issuer
No
Against
Against
       
5
Ratify the appointment of PriceWaterhouseCoopers LLP as the company's independent registered public accounting firm for 2016
Issuer
No
For
For
       
6
Shareholder proposal requesting that the board adopt a policy that gives preference to share repurchases relative to cash dividends
Shareholder
No
For
Against
                   
Allied World Assurance Company HLDGS, AG
AWH
4/19/2016
H01531104
1
Election of Directors to serve until the 2017 Annual Meeting
Issuer
No
For
For
       
1a
Barbara Alexander
    
For
For
       
1b
Scott Camiani
    
For
For
       
1c
Bart Friedman
    
For
For
       
1d
Patricia Gunn
    
For
For
       
1e
Fiona Luck
    
For
For
       
1f
Patrick De Saint Aignan
    
For
For
       
1g
Eric Schwartz
    
For
For
       
1h
Samuel Weinhoff
    
For
For
       
2
To elect Scott A Carmilani as the Chairman of the Board of Directors to serve until the company's annual shareholder meeting in 2017
Issuer
No
For
For
       
3
Election of member of the compensation committee to serve until the 2017 annual meeting
Issuer
No
For
For
       
4
To elect Buis Buergi AG as the independent proxy to serve until the conclusion of the company's annual shareholder meeting in 2017
Issuer
No
For
For
       
5
To approve 2016 compensation for executives, as required under Swiss law
Issuer
No
For
For
       
6
To approve 2016 compensation for directors, as required under Swiss law
Issuer
No
For
For
       
7
Advisory vote on 2015 named executive office compensation, as required under US securities laws
Issuer
No
For
For
       
8
To aprpove the company's annual report and its consolidated financial statements and statutory financial statements for the year ended December 31, 2015
Issuer
No
For
For
       
9
To approve the company's retention of disposable profits
Issuer
No
For
For
       
10
To approve the payment of dividends to the company's shareholders from general legal reserve from capital contributions
Issuer
No
For
For
       
11
To approve an amendment to the company's articles of association to reduce the company's share capital through the cancellation of a portion of shares held in treasury
Issuer
No
For
For
       
12
To approve a new $500 million share repurchase program
Issuer
No
For
For
       
13
To approve an amendment to the company's articles of association to extend the board of directors' ability to issue authorized share capital until April 19, 2018
Issuer
No
For
For
       
14
To elect Deloitte & Touche LLP as the company's independent auditor and Deloitte AG as the company's statutory auditor to serve until the company's annual shareholder meeting in 2017
Issuer
No
For
For
       
15
To elect PriceWaterhouseCoopers AG as the company's special auditor to serve until the company's annual shareholder meeting in 2017
Issuer
No
For
For
       
16
To approve a discharge of the company's board of directors and executive officers from liabilities for their actions during the year ended December 31, 2015
Issuer
No
For
For
                   
The Toronto- Dominion Bank
TD
3/31/2016
87236Y108
1
Election of Directors
Issuer
No
For
For
       
1a
William Bennett
    
For
For
       
1b
Amy Brinkley
    
For
For
       
1c
Brian Ferguson
    
For
For
       
1d
Colleen Goggins
    
For
For
       
1e
Mary Jo Haddad
    
For
For
       
1f
Jean-Rene Halde
    
For
For
       
1g
David Kepler
    
For
For
       
1h
Brian Levitt
    
For
For
       
1i
Alan MacGibbon
    
For
For
       
1j
Karen Maidment
    
For
For
       
1k
Bharat Masrani
    
For
For
       
1l
Irene Miller
    
For
For
       
1m
Nadir Mohamed
    
For
For
       
1n
Claude Mongeau
    
For
For
       
2
Appointment of Auditor
Issuer
No
For
For
       
3
Approach to executive compensation *Advisory Vote*
Issuer
No
For
For
       
4
Shareholder proposal to simplify financial information
Shareholder
No
Against
For
       
5
Shareholder proposal for The Toronto-Dominion Bankto pay its fair share of taxes
Shareholder
No
Against
For
                   
Exponent, Inc
 EXPO
3/26/2016
30214U102
1
Election of Directors
Issuer
No
For
For
       
1a
Michael Gaulka
    
For
For
       
1b
Paul Johnston PHd
    
For
For
       
1c
Karen Richardson
    
For
For
       
1d
Stephen Riggins
    
For
For
       
1e
John Shoven PHD
    
For
For
       
1f
Debra Zumwalt
    
For
For
       
2
To ratify the appointment of KPMG LLP, an independent registered public accounting firm,  as independent auditor for the fiscal year ended December 30, 2016.
Issuer
No
For
For
       
3
Advisory vote to approve the compensation of the company's named executive officers for fiscal 2015
Issuer
No
For
For
                   
Starbucks Corporation
 SBUX
3/23/2016
855244109
1
Election of Directors
Issuer
No
For
For
       
1a
Howard Schultz
    
For
For
       
1b
William Bradley
    
For
For
       
1c
Mary Dillon
    
For
For
       
1d
Robert Gates
    
For
For
       
1e
Mellody Hobson
    
For
For
       
1f
Kevin Johnbson
    
For
For
       
1g
Joshua Cooper Ramo
    
For
For
       
1h
James Shennan Jr
    
For
For
       
1i
Clara Shih
    
For
For
       
1j
Javier Teruel
    
For
For
       
1k
Myson Ullman
    
For
For
       
1l
Craig Weatherup
    
For
For
       
2
Advisory resolution to approve  the Company's executive compensation
Issuer
No
Against
Against
       
3
Approve amendment and restatement of  the Company's executive management bonus plan
Issuer
No
For
For
       
4
Ratification of selection of Deloitte & Touche LLP as  the Company's independent registered public accounting firm for fiscal 2016
Issuer
No
For
For
       
5
Adopt proxy access bylaw
Issuer
No
Against
For
       
6
Review policies related to human rights
Issuer
No
Against
For
                   
Tractor Supply Company
TSCO
3/7/2016
892356106
1
Election of Directors
Issuer
No
For
For
       
1a
Keith Halbert
    
For
For
       
1b
George MacKenzie
    
For
For
       
1c
Cynthia Jamison
    
For
For
       
1d
Edna Moprris
    
For
For
       
1e
Johnston Adams
    
For
For
       
1f
Mark Weikel
    
For
For
       
1g
Peter Bowley
    
For
For
       
1h
Gregory Sandfort
    
For
For
       
2
To ratify the appointment of Ernst & Young LLP as  the Company's independent registered public accounting firm for fiscal year ending December 31, 2016.
Issuer
No
For
For
       
3
Say on Pay - An Advisory vote to approve executive compensation
Issuer
No
For
For
                   
Apple Inc
AAPL
2/26/2016
37833100
1
Election of Directors
Issuer
No
For
For
       
1a
James Bell
    
For
For
       
1b
Tim Cook
    
For
For
       
1c
Al Gore
    
For
For
       
1d
Bob Iger
    
For
For
       
1e
Andrea Jung
    
For
For
       
1f
Art Levinson
    
For
For
       
1g
Ron Sugar
    
For
For
       
1h
Sue Wagner
    
For
For
       
2
Ratification of the appointment of Ernst & Young LLP as Apple's independent registered public accounting firm for 2016
Issuer
No
For
For
       
3
An advisory resolution to approve executive compensation
Issuer
No
For
For
       
4
Approval of the amended and restated Apple Inc 2014 employee stock plan
Issuer
No
Against
Against
       
5
A shareholder proposal entitled "Net-Zero Greenhouse Gas Emissions by 2030"
Shareholder
No
Against
For
       
6
A shareholder proposal regarding diversity among senior management and board of directors
Shareholder
No
Against
For
       
7
A shareholder proposal entitled "Human Rights Review - High Risk Regions"
Shareholder
No
Against
For
       
8
A shareholder proposal entitled "Shareholder Proxy Access"
Shareholder
No
Against
For
                   
Franklin Resources, INC
 BEN
2/17/2016
354613101
1
Election of Directors
Issuer
No
For
For
       
1a
Peter Barker
    
For
For
       
1b
Mariann Byerwalter
    
For
For
       
1c
Charles Johnson
    
For
For
       
1d
Gregory Johnson
    
For
For
       
1e
Rupert Johnson, Jr.
    
For
For
       
1f
Mark Pigott
    
For
For
       
1g
Chutta Ratnathicam
    
For
For
       
1h
Laura Stein
    
For
For
       
1i
Seth Waugh
    
For
For
       
1j
Georffrey Yang
    
For
For
       
2
To ratify the appointment of PriceWaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending September 30, 2016
Issuer
No
For
For
       
3
A shareholder proposal regarding the issuance of a climate change report
Shareholder
No
Against
For
                   
New Jersey Resources Corporation
 NJR
1/20/2016
646025106
1
Election of Directors
Issuer
No
For
For
       
1a
Lawrence Codey
    
For
For
       
1b
Laurence Downes
    
For
For
       
1c
Robert Evans
    
For
For
       
1d
Alfred Koeppe
    
For
For
       
2
To approve a non-binding advisory resolution approving the compensation of named executive officers
Issuer
No
For
For
       
3
To ratify the appointment of Deloitte & Touche LLP as  the Company's independent registered public accounting firm for the fiscal year ending September 30, 2016
Issuer
No
For
For
                   
Allied World Assurance Company HLDGS, AG
 AWH
12/9/2015
H01531104
1
Election of Directors
Issuer
No
For
For
       
1a
Patricia Guinn
        
       
1b
Fiona Luck
        
       
2
To approve the 2015 compensation for the new directors
Issuer
No
For
For
                   
The Hain Celestial Group, INC
 HAIN
11/19/2015
405217100
1
Election of Directors
Issuer
No
For
For
       
1a
Irwin Simon
    
For
For
       
1b
Richard Berke
    
For
For
       
1c
Andrew Heyer
    
For
For
       
1d
Raymond Kelly
    
For
For
       
1e
Roger Meltzer
    
For
For
       
1f
Scott O'Neil
    
For
For
       
1g
Adrianne Shapira
    
For
For
       
1h
Lawrence Zilavy
    
For
For
       
2
On an advisory basis, the compensation awarded to the named executive officers for the fiscal year ended June 30, 2015
Issuer
No
For
For
       
3
The ratification of the appointment of Ernst & Young LLP to act as registered independent accounts of the company for the fiscal year ending June 30, 2016
Issuer
No
For
For
       
4
A stockholder proposal regarding proxy access
Shareholder
No
For
For
                   
Cal-Maine Foods, INC
 CALM
10/2/2015
128030202
1
Election of Directors
Issuer
No
For
For
       
1a
Adolphus Baker
    
For
For
       
1b
Timothy Dawson
    
For
For
       
1c
Letitia Hughes
    
For
For
       
1d
Sherman Miller
    
For
For
       
1e
James Poole
    
For
For
       
1f
Steve Sanders
    
For
For
       
2
Ratification of Frost PLLC as independent registered public accounting firm of the company
Issuer
No
For
For
                   
Open Text Corporation
 OTEX
10/2/2015
683715106
1
Election of Directors
Issuer
No
For
For
       
1a
P Thomas Jenkins
    
For
For
       
1b
Mark Barrenechea
    
For
For
       
1c
Randy Fowlie
    
For
For
       
1d
Gail Hamilton
    
For
For
       
1e
Brian Jackman
    
For
For
       
1f
Stephen Sadler
    
For
For
       
1g
Michael Slaunwhite
    
For
For
       
1h
Katarine Stevenson
    
For
For
       
1i
Deborah Weinstein
    
For
For
       
2
Re-appoint KPMG LLP, chartered accountants, as independent auditors for the company
Issuer
No
For
For
       
3
To amend and restate the company's stock purchase plan
Issuer
No
Against
Against


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.
 
USCF ETF Trust
 
By:
  /s/ John P. Love  
   John P. Love
 
   President and Principal Executive Officer
 
     
Date:
August 29, 2016