N-PX 1 npx2008.htm PROXY VOTING RECORD American Growth Fund, Inc. N-PX 2008
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 811-825

American Growth Fund, Inc.
(Exact name of registrant as specified in charter)

110 Sixteenth Street, Suite 1400, Denver, Colorado, 80202
(Address of principal executive offices) (Zip code)

Registrants telephone number, including area code: 303-626-0600

Date of fiscal year end: 07/31/2008

Date of reporting period: 07/01/2007 - 06/30/2008





Item 1. Proxy Voting Record.


Name of Security Ticker Symbol and Cusip number Shareholder Meeting Date Identification Voted On Proposed Cast its Vote Yes or No How Cast its Vote Cast its Vote For or Against Management
Network Appliance, Inc. NTAP 64120L104 09/19/2007 1. Directors Recommend.
2. Approve the company´s amended 1999 stock option plan (1999 plan) to: extend the term of the plan for a period.
3. Approve the company´s amended 1999 plan to increase the share reserve by an additional shares of common stock.
4. Approve an amendment to the company´s employee stock purchase plan.
5. To approve the company´s executive compensation plan.
6. Ratify the appointment of Deloitte & Touche LLP as independent auditors.		 Issuer
Issuer
Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes
Yes
Yes		 For
For
For
For
For
For		 For
For
For
For
For
For
Integrated Device Technology, Inc. IDTI 458118106 09/20/2007 1. Directors Recommend.
2. Approval of the amendment to the company´s 1984 employee stock purchase plan.
3. Approval of the amendment to the company´s restated certificate of incorporation to remove the classified board structure.
4. Ratification of selection of PricewaterhouseCoopers LLP as the company´s independent accountants.
Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes		 For
For
For
For		 For
For
For
For
Cardinal Health, Inc. CAH 14149Y108 11/07/2007 1. Directors Recommend.
2. Proposal to ratify the selection of Ernst & Young LLP as the Company´s independent registered public accounting firm.
3. Proposal to approve amendments to the code of regulations to reduce the shareholder supermajority vote requirements
4. Proposal to adopt and approve the 2007 nonemployee directors equity incentive plan.
5. Shareholder proposal regarding an annual shareholder advisory vote on executive compensation.
6. Shareholder proposal regarding performance-based stock options.		 Issuer
Issuer
Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes
Yes
Yes		 For
For
For
For
For
For		 For
For
For
For
For
For
Cisco systems, Inc. CSCO 17275R102 11/15/2007 1. Directors Recommend.
2. To approve the amendment and extension of the 2005 stock incentive plan.
3. To approve the executive incentive plan with respect to current and future covered employees and executive officers.
4. To Ratify the appointment of PricewaterhouseCoopers LLP as the company´s independent registered public accounting firm.
5. Proposal submitted by shareholders requesting the board to establish a board committee on human rights.
6. Proposal submitted by a shareholder requesting that the board establish a pay-for-superior-performance standard in the company´s executive compensation plan for senior executives.
7. Proposal submitted by shareholders requesting the board to adopt a policy,
8. Proposal submitted by shareholders requesting the board to publish a report to shareholders.		 Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes
Against
Against
Against
Against		 For
For
For
For
Against
Against
Against
Against		 For
For
For
For
Against
Against
Against
Against
Fair Isaac Corp. FIC 303250104 12/10/2007 1. Election of Directors.
2. To ratify the appointment of Deloitte & Touche LLP as the Company´s Independent auditors for the current fiscal year.		 Issuer
Issuer		 Yes
Yes		 For
For		 For
For
Oshkosh Truck Corporation OSK 688239201 02/05/2008 1. Election of Directors.
2. Amend the restated articles of incorporation to change the name of the company to "Oshkosh Corporation".
3. Ratification of the appointment of Deloitte & Touche LLP, as independent auditors
4. Shareholder Proposal - To redeem or bring to shareholder vote the company´s shareholder rights plan.		 Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Against		 For
For
For
Against		 For
For
For
Against
Hewllet-Packard Co. HPQ 428236103 03/19/2008 1. Election of Directors
2. To ratify the appointment of the independent registered public accounting firm for the fiscal year ending October 31, 2008		 Issuer
Issuer		 Yes
Yes		 For
For		 For
For
Applied Material, Inc. AMAT 38222105 03/11/2008 1. Election of Directors.
2. To ratify the appointment of KPMG LLP as applies materials´ independent registered public accounting firm for Fiscal year 2008		 Issuer
Issuer		 Yes
Yes		 For
For		 For
For
Texas Instruments Incorporated TXN 882508104 04/17/2008 1. Election of Directors.
2. To ratify the appointment of Ernst & Young LLP as the Company´s independent registered public accounting firm for 2008.
3. Stockholder proposal regarding qualifications for director nominees.		 Issuer
Issuer
Issuer		 Yes
Yes
Yes		 For
For
Abstain		 For
For
Abstain
AXA Financial AXA 54536107 04/22/2008 1. Approval of the Co´s financial statements for 2007 - parent only.
2. Approval of the consolidated financial statements for 2007.
3. Earnings appropriation and declaration of a dividend of Euro 1.20 per share.
4. Approval of a special report on regulated agreement.
5. to 14. Re-appointment of several people to the supervisory board.
15. Authorization granted to the management board to purchase the company´s shares.
16. Authorization granted to the management board to allot free shares to employees and eligible corporate officers.
17. Authorization granted to the management board to allot stock purchase options to employees and eligible corporate officers.
18. Authorization granted to the management board to increase the company´s shares with a claim to the company´s share
19. Authorization granted to the management board to increase the company´s shares with waiver of the preferential subscription rights.
20. Authorization granted to the management board to reduce the shared capital through the cancellation of shares.
21. Authorization to comply with all formal requirements in connection with this meeting.		 Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes		 For
For
For
For
Against
For
For
For
For
For
For
For		 For
For
For
For
Against
For
For
For
For
For
For
For
Intel Corp. INTC 458140100 05/21/2008 1. Election of Directors.
2. Ratification of selection of Ernst & Young LLP as our independent registered public accounting firm.
3. Stockholder proposal to amend the bylaws to establish a board committee on sustainability.		 Issuer
Issuer
Issuer		 Yes
Yes
Yes		 For
For
Abstain		 For
For
Abstain
Cleveland-Cliffs Inc. CLF 185896107 05/13/2008 1. Election of Directors.
2. Ratification of appointment of Eloitte & Touche LLP as our independent registered public accounting firm.		 Issuer
Issuer		 Yes
Yes		 For
For		 For
For
Amgen Inc. AMGN 31162100 05/07/2008 1. Election of Directors.
2. To ratify the selection of Ernst & Young LLP as the company´s independent registered public accountants for fiscal year.
3A. Stockholder proposal #1 (simple majority vote).
3B. Stockholder proposal #2(animal welfare).		 Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes		 For
For
Abstain
Abstain		 For
For
Abstain
Abstain
EMC Corp. EMC 268648102 05/21/2008 1. Election of Directors.
2. To ratify the selection by the audit committee of the board of directors of pricewaterhousecoopers LLP as EMC´s independent auditors for year 2008.
3. To approve an amendments to EMC´s articles of organization and bylaws to implement majority vote for directors.
4. To approve an amendment to EMC´s articles of organization to implement simple majority vote.		 Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes		 For
For
For
For		 For
For
For
For
TERADYNE, INC. TER 880770102 05/22/2008 1. Election of Directors.
2. To approve an amendment to the 2006 equity and cash compensation incentive plan.
3. To ratify the selection of Pricewaterhousecoopers LLP as independent auditors.		 Issuer
Issuer
Issuer		 Yes
Yes
Yes		 For
For
For		 For
For
For
CEPHALON, INC. CEPH 156708109 05/22/2008 1. Election of Directors.
2. Approval of amendment to the 2004 equity compensation plan increasing the number of shares of common stock authorized for issuance.
3. Ratification of appointment of Pricewaterhousecoopers LLP as independent registered public accountants.		 Issuer
Issuer
Issuer		 Yes
Yes
Yes		 For
For
For		 For
For
For
TIME WARNER INC. TWX 887317105 05/16/2008 1. Election of Directors.
2. Company proposal to amend the company´s restated certificate of incorporation to eliminate the remaining super-majority vote requirements.
3. Company proposal to approve the amend and restated Time Warner Inc. annual bonus plan for executive officers.
4. Ratification of auditors.
5. Stockholder proposal regarding separation of roles of chairman and CEO.		 Issuer
Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes
Yes		 For
For
For
For
Against		 For
For
For
For
Against
Trimble Navagation Limited TRMB 896239100 5/22/2008 1. Election of Directors.
2. To approve an amendment to the company´s employee stock purchase plan.
3. To ratify the appointment of Ernst & Young LLP as the independent auditor of the company for the current fiscal year.
4. To transact such other business as may properly come before the meeting or any adjournments thereof.		 Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes		 For
For
For
For		 For
For
For
For
Novellus Systems, Inc. NVLS 670008101 05/13/2008 1. Election of Directors.
2. Proposal to ratify and approve the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2008.		 Issuer
Issuer		 Yes
Yes		 For
For		 For
For
United Health Group Incorporated UNH 91324P102 06/05/2008 1A to 1H. Election of Directors.
2. Approval of the material terms for payment of executive incentive compensation.
3. Approval of the amendment to the United Health group 1993 employee stock purchase plan.
4. Ratification of Deloitte & Touche LLP as independent registered public accounting firm.
5. Shareholder proposal concerning advisory vote on executive compensation.
6. Shareholder proposal concerning performance vesting shares.		 Issuer
Issuer
Issuer
Issuer
Issuer
Issuer		 Yes
Yes
Yes
Yes
Yes
Yes		 For
For
For
For
Abstain
Abstain		 For
For
For
For
Abstain
Abstain




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.


By: /s/ Robert Brody
Robert Brody
President
Date: 08/15/2008