N-PX 1 f12_1908.htm FORM N-PX

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-03541

ASSET MANAGEMENT FUND

(Exact name of registrant as specified in charter)

230 West Monroe Street, Chicago, 1L 60606
(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (312) 214-1410

Date of fiscal year end: October 31

Date of reporting period: July 1, 2011 – June 30, 2012

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 there under (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 

                 
Issuer Ticker CUSIP Meeting Date Matter Voted Proposed by Voted Vote Cast For/Against Mgmt
Abbott Laboratories ABT 002824100 4/27/2012 Elect 11 Directors Issuer Yes For All For
        Ratification of Deloitte & Touche as Auditors Issuer Yes For For
        Advisory Vote to Approve Executive Compensation Issuer Yes For For
        Transparency in Animal Research Shareholder Yes Against For
        Lobbying Disclosure Shareholder Yes Against For
        Independent Board Chairman Shareholder Yes For Against
        Tax Gross-Ups Shareholder Yes Against For
        Equity Retention and Hedging Shareholder Yes Against For
        Incentive Compensation Shareholder Yes Against For
        Ban Accelerated Vesting of Awards Upon a Change in Control Shareholder Yes Against For
American Express Co AXP 025816109 4/30/2012 Elect 12 Directors Issuer Yes For All For
        Ratification of PricewaterhouseCoopers as Public Accounting Firm for 2012 Issuer Yes For For
        Advisory Resolution to Approve Executive Compensation Issuer Yes For For
        Approval of Performance Goals and Award Limits under 2007 Incentive Comp Plan Issuer Yes For For
        Cumulative Voting for Directors Shareholder Yes Against For
        Separation of Chairman and CEO Roles Shareholder Yes For Against
Becton, Dickinson and Company BDX 075887109 1/31/2012 Elect 14 Directors Issuer Yes For All For
        Ratification of Selection of Independent Registered Public Accounting Firm Issuer Yes For For
        Advisory Vote on Executive Compensation Issuer Yes For For
        Cumulative Voting Shareholder Yes Against For
Berkshire Hathaway, Inc. BRK-A 084670108 5/5/2012 Elect 12 Directors Issuer Yes For All For
        Succession Planning Shareholder Yes Against For
Chevron Corporation CVX 166764100 5/30/2012 Elect 11 Directors Issuer Yes For All For
        Ratification of Appointment of Independent Registered Public Accounting Firm Issuer Yes For For
        Advisory Vote to Approve Named Executive Officer Compensation Issuer Yes For For
        Exclusive Forum Provisions Shareholder Yes Against For
        Independent Chairman Shareholder Yes For Against
        Lobbying Disclosure Shareholder Yes Against For
        Country Selection Guidelines Shareholder Yes Against For
        Hydraulic Fracturing Shareholder Yes Against For
        Accident Risk Oversight Shareholder Yes Against For
        Special Meetings Shareholder Yes Against For
        Independent Director with Environmental Expertise Shareholder Yes Against For
The Coca-Cola Company KO 191216100 4/25/2012 Elect 17 Directors Issuer Yes For All For
        Ratification of the appointment of Ernst & Young LLP as Independent Auditors Issuer Yes For For
        Advisory vote to approve executive compensation Issuer Yes For For
The Coca-Cola Company KO 191216100 7/10/2012 To Increase Authorized Common Stock & Effect a 2 for 1 Stock Split Issuer Yes For For
Disney (Walt) Company DIS 254687106 3/13/2012 Election of Directors Issuer Yes For All For
        Ratification of Appointment of Independent Registered Public Accountants Issuer Yes For For
        Approval of an Amendment to the 2011 Stock Incentive Plan Issuer Yes For For
        Advisory Vote on Executive Compensation Issuer Yes For For
Exxon Mobil Corporation XOM 30231G102 5/30/2011 Elect 11 Directors Issuer Yes For All For
        Ratification of Independent Auditors Issuer Yes For For
        Advisory Vote to Approve Executive Compensation Issuer Yes For For
        Independent Chairman Shareholder Yes For Against
        Majority Vote for Directors Shareholder Yes For Against
        Report on Political Cintributions Shareholder Yes Against For
        Amendment of EEO Policy Shareholder Yes Against For
        Report on Natural Gas Production Shareholder Yes Against For

 

 
 
                 
Issuer Ticker CUSIP Meeting Date Matter Voted Proposed by Voted Vote Cast For/Against Mgmt
        Greenhouse Gas Emissions Goals Shareholder Yes Against For
General Dynamics Corporation GD 369550108 5/2/2012 Elect 12 Directors Issuer Yes For All For
        Selection of Independent Auditors Issuer Yes For For
        Advisory Vote to Approve Executive Compensation Issuer Yes For For
        Approval of 2012 Equity Compensation Plan Issuer Yes For For
        Human Rights Policy Shareholder Yes Against For
        Independent Board Chairman Shareholder Yes For Against
General Electric Company GE 369604103 4/25/2012 Elect 16 Directors Issuer Yes For All For
        Ratification of Selection of Independent Registered Public Accounting Firm Issuer Yes For For
        Advisory Resolution to Approve Executive Compensation Issuer Yes For For
        Approval of an Amendment to the GE 2007 Long-Term Incentive Plan Issuer Yes For For
        Approval of the Material Terms of Senior Officer Performance Goals Issuer Yes For For
        Cumulative Voting Shareholder Yes Against For
        Nuclear Activities Shareholder Yes Against For
        Independent Board Chairman Shareholder Yes For Against
        Shareowner Action by Written Consent Shareholder Yes Against For
Home Depot, Inc. HD 437076102 5/17/2012 Elect 10 Directors Issuer Yes For All For
        Ratify the Appointment of KPMG LLP Issuer Yes For For
        Advisory Vote to Approve Executive Compensation Issuer Yes For For
        Approval of Amendment to Employee Stock Purchase Plan to Increase Number of Shares Issuer Yes For For
        Advisory Vote on Political Contributions Shareholder Yes Against For
        Employment Diversity Report Shareholder Yes Against For
        Removal of Procedural Safeguards from Shareholder Written Consent Right Shareholder Yes Against For
        Special Shareholder Meetings Shareholder Yes Against For
        Charitable Contributions Shareholder Yes Against For
        Stormwater Management Policy Shareholder Yes Against For
International Business Machines Corporation IBM 459200101 4/24/2012 Elect 14 Directors Issuer Yes For All For
        Ratification of Appointment of Independent Registered Public Accounting Firm Issuer Yes For For
        Advisory Vote on Executive Compensation Issuer Yes For For
        Cumulative Voting Shareholder Yes Against For
        Review Political Contributions - Trade Associations Policy Shareholder Yes Against For
        Disclosure of Lobbying Policies and Practices Shareholder Yes Against For
Johnson & Johnson JNJ 478160104 4/26/2012 Elect 13 Directors Issuer Yes For All For
        Advisory Vote to Approve Executive Compensation Issuer Yes For For
        Approval of Company’s 2012 Long-Term Incentive Plan Issuer Yes For For
        Appointment of Pricewaterhouse Coopers LLP as public accounting firm Issuer Yes For For
        Independent Board Chairman Shareholder Yes For Against
        Binding Vote on Political Contributions Shareholder Yes Against For
        Adopting Non-Animal Methods for Training Shareholder Yes Against For
McDonald’s Corporation MCD 580135101 5/24/2012 Elect 5 Directors Issuer Yes For All For
        Advisory Vote to Approve Executive Compensation Issuer Yes For For
        Approval of the 2012 Ominbus Stock Ownership Plan Issuer Yes For For
        Approval of Declassification of the Board of Directors Issuer Yes For For
        Approval of Shareholders’ Right to Call Special Meetings Issuer Yes For For
        Advisory Vote to Approve Appointment of Ernst & Young as 2012 Independent Auditor Issuer Yes For For
        Advisory Vote on Shareholder Proposal Requesting a Nutrition Report Shareholder Yes Against For

 

 
 
                 
Issuer Ticker CUSIP Meeting Date Matter Voted Proposed by Voted Vote Cast For/Against Mgmt
PepsiCo, Inc. PEP 713448108 5/2/2012 Elect 12 Directors Issuer Yes For All For
        Appointment of KPMG as Independent Registered Public Accountants for 2012 Issuer Yes For For
        Approval of Executive Compensation Issuer Yes For For
        Re-Approval of Performance Measures under 2007 Long-Term Incentive Plan Issuer Yes For For
        Lobbying Practices Report Shareholder Yes Against For
        Formation of Risk Oversight Committee Shareholder Yes Against For
        Chairman of the Board shall be an Independent Director Shareholder Yes For Against
Praxair, Inc. PX 74005P104 4/24/2012 Elect 11 Directors Issuer Yes For All For
        Admendments to Certificate of Incorporation to Permit Special Shareholder Meetings Issuer Yes For For
        Advisory Vote on Compensation of Named Executive Officers Issuer Yes For For
        Electioneering Policies and Contributions Shareholder Yes Against For
        Ratify Appointment of Independent Auditor Issuer Yes For For
United Parcel Service UPS 911312106 5/3/2012 Elect 12 Directors Issuer Yes For All For
        Appointment of Deloitte & Touche as Independent Registered Public Accountants Issuer Yes For For
        Approve 2012 Omnibus Incentive Compensation Plan Issuer Yes For For
        Approve Amendment to Discounted Employee Stock Purchase Plan Issuer Yes For For
        Lobbying Disclosure Shareholder Yes Against For
United Technologies Corporation UTX 913017109 4/11/2012 Elect 12 Directors Issuer Yes For All For
        Appointment of PricewaterhouseCoopers LLC as Independent Auditor Issuer Yes For For
        Advisory Vote on Executive Compensation Issuer Yes For For
TJX Companies TJX 872540109 6/13/2012 Elect 10 Directors Issuer Yes For All For
        Ratification of Appointment of Independent Registered Public Accounting Firm Issuer Yes For For
        Approval of Executive Officer Performance Goals under Cash Incentive Plans Issuer Yes For For
        Advisory Approval of TJX’s Executive Compensation Issuer Yes For For
3M Company MMM 88579Y101 5/8/2012 Elect 10 Directors Issuer Yes For All For
        Ratify Appointment of PricewaterhouseCoopers as Independent Public Accounting Firm Issuer Yes For For
        Advisory Approval of Executive Compensation Issuer Yes For For
        Approve 2012 Amended and Restated General Employees Stock Purchase Plan Issuer Yes For For
        Approve Amended 2008 Long-Term Incentive Plan Issuer Yes For For
        Shareholder Proposal on Lobbying Shareholder Yes Against For
        Prohibit Political Spending from Corporate Treasury Funds Shareholder Yes Against For
        Independent Board Chairman Shareholder Yes For Against
Wal-Mart Stores, Inc. WMT 931142103 6/1/2012 Elect 16 Directors Issuer Yes For All For
        Ratification of Ernst & Young LLP as Independent Accountants Issuer Yes For For
        Advisory Vote to Approve Named Executive Officer Compensation Issuer Yes For For
        Political Contributions Report Shareholder Yes Against For
        Director Nomination Policy Shareholder Yes Against For
        Report Regarding Incentive Compensation Programs Shareholder Yes Against For
Wells Fargo & Co. WFC 949746101 4/24/2012 Elect 15 Directors Issuer Yes For All For
        Advisory Resolution to Approve Executive Compensation Issuer Yes For For
        Ratify the Appointment of KPMG as Independent Auditors for 2012 Issuer Yes For For
        Adoption of a Policy to Require an Independent Chairman Shareholder Yes For Against
        Cumulative Voting in Contested Director Elections Shareholder Yes Against For
        Allow Stockholders to Nominate Director Candidates for Inclusion in Proxy Materials Shareholder Yes Against For
        Investigation and Report on Internal Controls for Mortgage Servicing Operations Shareholder Yes Against For

 

 
 

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.

Registrant Asset Management Fund

   
By (Signature and Title)* /s/Rodger D. Shay, Jr.  
  Rodger D. Shay, Jr., President

Date 8/24/12

* Print the name and title of each signing officer under his or her signature.