N-PX 1 npxjune2004.htm N-PX JUNE 2004 N-PX June 2004
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, DC 20549
 
FORM N-PX
 
 
OMB APPROVAL
 
OMB Number: 3235-0582
Expires: March 31, 2006
Estimated average burden hours per response14.4

 
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number
811-08110
SPECIAL SITUATIONS FUND III, L.P.
(Exact name of registrant as specified in charter)
153 EAST 53RD STREET, 55TH FLOOR, NEW YORK, NEW YORK 10022
(Address of principal executive offices)    (Zip Code)

Allen B. Levithan, Esq.
c/o Lowenstein Sandler PC
65 Livingston Avenue
Roseland, NY 07068
(Name and address of agent for service)

Registrant’s telephone number, including area code:
(212) 207-6500

Date of fiscal year end:
December 31, 2004

Date of reporting period:
July 2003 - June 2004

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 thereunder (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.
 

 
Item 1. Proxy Voting Record
 
Name of Security
Ticker
Cusip
Proposed by
Date of Meeting
Description of Issue
Item #
Vote
               
Intuitive Surgical, Inc.
              
 
isrg
46120E107
issuer
6/30/03
Elect directors
1
For
         
Issue pursuant to the agreement and plan of merger, dated 3/7/03
2
For
         
Amended and restated certificate of incorporation to effect a 1-for-2 reverse stock split of common stock.
3
For
         
Amend 2000 non-employee Dir. Stock Option Plan to increase annual stock option grant to provide an additional grant of options to purchase shares to committee chairs and to amend the automatic share increase.
4
For
         
Ratify the selection of Ernst & Young LLP as independent auditors
5
For
Onyx Software Corp.
              
 
onxs
683402101
  
7/23/03
Not Available
1
For
Brio Software, Inc.
              
 
brio
109704106
issuer
8/20/03
Elect directors
1
Not Avail
         
Proposal to approve the amendment to the 1998 amended and restated employee stock purchase plan
2
Not Avail
         
Proposal to approve the amended and restated certificate of incoporation
3
Not Avail
         
Ratify appointment of KPMG LLP as independent public accountants
4
Not Avail
Artisoft
              
 
asft
04314L106
issuer
9/9/03
Authorize issuance and sale under the terms of a purchase agreement dated 6/27/03
1
For
         
Adjorn the special meeting upon motion by the presiding officer to allow time for solicitation of proxies
2
For
Audible, Inc.
             
 
adbl
05069A302
issuer
9/23/03
Elect directors
1
For
         
Ratify KPMG LLP as independent auditors
2
For
         
Approve amended and restated Cert. of Inc. to increase the number of authorized shares par value $0.01 per share from 75MM shares to 120MM shares
3
For
         
ratify amendment to 1999 Stock incentive Plan to increase from 9MM to 12.6MM shares which may be issued pursuant to the 1999 stock incentive plan
4
For
         
Transact such other business as may come before the meeting properly and any adjournment or postponement
5
  
World Heart
              
 
whrt
980905103
issuer
11/25/03
Approve an increase in shares of the Corporation reserved for issuance under the Corporation Employee Stock Option Plan
1
For
         
Amend the articles of the Corp. with respect to the rights, privileges, conditions and restrictions attaching to the Corporation's Series A Cumulative Redeemable Convertible Preferred Shares.
2
For
         
Amend the articles of the Corp. to consolidate the issued and outstanding common shares of the Corp. on a one for seven basis.
3
For
Attunity LTD.
              
 
attu
M15332105
issuer
n/a
The election of three directors
1
Against
         
Approval of grant option to certain directors
2
Against
         
Ratify 2001 Employee Stock Option Plan
3
Against
         
Approval of adoption of 2003 Israeli Stock Option Plan
4
Against
         
Authorization for the Board of Dir. To appoint a Chairman for the Board who will serve concurrently as CEO and approval of the grant of certain options to him.
5
Against
         
Israeli law requires this be asked in order to ensure specific majority requirements. Do you have a controlling interest with respect to Proposal 5?
5a
Against
         
Ratify appointment of Kost Forer & Gabbay as indepent auditors for the Board of Dir. To fix their remuration
6
For
         
Receipt and consideration of our Director's Report, Auditor's Report and Consolidated financial statements
7
For
Adept Technology
              
 
adeo
006854202
issuer
1/23/04
Elect Directors
1
For
         
Approve 2003 stock option plan
2
For
         
Ratify Ernst &Young as auditors
3
For
On Technology
              
 
ontc
068219P108
issuer
2/12/04
Agmt and Plan of Merger with Symantec
1
For
         
BOD discretion
2
For
Physiometrix, Inc.
              
 
phyx
718928104
issuer
2/20/04
Ratify issuance of wts wrt priv. plac.
1
For
Artisoft
              
 
asft
04314L205
issuer
3/05/04
Special Meeting: 2004 stock incentive plan
1
For
         
& the authorization of an initial 2,000,000
   
         
shares of common for issuance under
    
         
that plan, plus an addtl shares
   
Artisoft
              
 
asft
04314L205
issuer
3/15/04
Stock incentive plan
1
For
Net Perception
              
 
netp
64107U101
issuer
3/12/04
Liquidation and dissolution of company
1
For
Nova Measuring
              
 
nvmi
M7516K103
issuer
3/31/04
Framework option Plan
1
For
Amerigon Incorporated
              
 
argn
03070L300
issuer
4/14/04
Elect Directors
1
no vote
NMS Communications
              
 
nmss
629248105
issuer
4/22/04
Elect directors
1
For
Peco II, Inc
              
 
piii
705221109
issuer
4/29/04
Elect Directors
1
no vote
         
Ratify, approve amend.#1 2000 performance plan
2
no vote
Given Imaging
              
 
givn
M52020100
issuer
5/03/04
Elect directors
1&2
no vote
         
Increase shares reserved 2003 stock option plan
3
no vote
         
Increase authorized share captial and amend co. mem. And art. Of assoc.
4
no vote
         
Approve directors compensation
5
no vote
         
Approve president and CEO comp
6
no vote
         
Approve indemnification agmt and ext. of cvg for certain directors
7
no vote
         
Appoint Somekh Chaikin, as auditors
8
no vote
NIC Inc
              
 
egov
62914B100
issuer
5/04/04
Elect Directors
1
For
         
Approve 2004 Stock Option Plan
2
  
         
Ratify Pricewaterhouse as Auditors
3
For
MK Gold
              
 
mkau
55305P100
issuer
5/5/04
Abstained from voting
    
Sonic Innovations Inc
              
 
snci
83545M109
issuer
5/06/04
Elect Directors
1
no vote
         
Ratify KPMG as Audtiors
2
no vote
         
Approve Amended & Restated 2000 Stock Plan
3
no vote
Entrust Inc
              
 
entu
293848107
issuer
5/07/04
Elect Directors
1
no vote
         
Ratify Ernst & Young
2
no vote
Cryptologic
              
 
cryp
228906103
issuer
5/11/04
Elect Directors
1
For
         
Adopt 2004 incentive stock plan
2
For
         
Appoint auditors KPMG
3
For
         
Discretion to address issues
4
  
World Heart Corp.
              
 
whrt
980905103
issuer
5/12/04
Elect Directors
1
For
         
Appoint auditors
2
For
         
Approve resolution 1 adopting amendment 2 by-law 1
3
For
Adolor Corp.
              
 
adlr
00724X102
issuer
5/13/04
Elect Directors
1
no vote
         
Ratify independent accountants
2
no vote
The Knot, Inc.
              
 
knot
499184109
issuer
5/13/04
Elect Directors
1
no vote
         
Ratify Ernst & Young
2
no vote
Bakers Footwear
              
 
bkrs
057465106
issuer
5/14/04
Elect directors
1
for
         
Ratify Ernst &Young
2
for
         
Plan to attend the meeting
  
yes
Gaiam Inc
              
 
gaia
36268Q103
issuer
5/18/04
Elect Directors
1
no vote
First Virtual Comms., Inc.
              
 
fvcx
964347108
issuer
5/18/04
Elect directors
1
For
         
Approve 1997 Equity Incentive Plan
2
For
         
Approve 1997 Non-Employee Directors Plan
3
For
         
Approve potential issuance and sale of common stock and warrants to entities affiliated with Special Situations Fund
4
For
         
Approve potential issuance by Company of additional shares of common stock upon conversion of outstanding preferred and upon exercise of warts issued to Vulcan Inc.
5
  
         
Ratify Audit Committee of Board of Directors of Pricewaterhouse Coopers LLP
6
For
3D Systems Corp.
              
 
tdsc
88554D205
issuer
5/19/04
Election of Directors
1
for
         
Approve amednment to article 5 of cert of inc.
2
for
         
Approve amendment to article 6 of cert of inc.
3
for
         
Approve amendment to article 7 of cert of inc
4
for
         
Approve amendment to article 10 of cert of inc
5
for
         
Approve amendment to article 11 of cert of inc
6
for
         
Approve 2004 incentive stock plan
7
for
         
Approve the restricted stock plan for non-employees
8
for
         
Ratify the appointment of BDO Seidman as Auditors
9
for
Aradigm
              
 
ardm
38505103
issuer
5/20/04
Elect directors
1
for
         
Approve amendment to Art. Of Inc. - increase SOS
2
for
         
Ratify Ernst & Young
3
for
Willbros Group
              
 
wg
969199108
issuer
5/20/04
Elect Directors
1
no vote
         
Approve amendment#4 to increase total shares outstanding
2
no vote
         
Ratify Ernst & Young
3
no vote
Intuitive Surgical Inc
              
 
isrg
46120E602
issuer
5/21/04
Elect Directors
1
no vote
US Physcial Therapy
              
 
usph
90337L108
issuer
5/25/04
Elect Directors
1
no vote
         
Approve 2003 stock incentive plan
2
no vote
Supportsoft, Inc.
              
 
sprt
868587106
issuer
5/25/04
Elect Directors
1
no vote
         
Ratify appointment of Ernst & Young
2
no vote
LB Foster Co.
              
 
fstr
350060109
issuer
5/26/04
Elect Directors
1
no vote
Visual Networks, Inc.
              
 
vnwk
928444108
issuer
5/26/04
Elect Directors
1
no vote
         
Approve 2003 stock incentive plan
2
no vote
         
Ratify Pricewaterhouse Coopers
3
no vote
Physiometrix, Inc.
              
 
phyx
718928104
issuer
5/27/04
Elect Directors
1
no vote
         
Ratify Ernst & Young
2
no vote
Depomed
              
 
depo
249908104
issuer
5/27/04
Elect directors
1
For
         
Approve 2004 equity incentive plan
2
For
         
Approve 2004 Employee Stock Purchase plan
3
For
         
Ratify Ernst & Young as Auditors
4
For
Advancis Pharmaceutical Corp
              
 
avnc
00764L109
issuer
6/03/04
Elect Directors
1
no vote
         
Ratify Pricewaterhouse Coopers LLP
2
no vote
         
Approve amended and restated stock incentive plan
3
no vote
Audible, inc
              
 
adbl
05069A302
issuer
6/03/04
Elect directors
1
for
         
Ratify KPMG as accountants
2
for
         
Approve amended and restated Certificate of Inc.
3
for
Laserscope
              
 
lscp
518081104
issuer
6/04/04
Elect Directors
1
no vote
         
Approve 2004 stock option plan
2
no vote
         
Ratify Pricewaterhouse Coopers LLP
3
no vote
               
Conn's Inc
              
 
conn
208242107
issuer
6/03/04
Elect directors
1
no vote
         
Approve amendment to cert of inc
2
no vote
         
Approve amendment to amended and restated
3
no vote
         
2003 incentive stock option plan
    
BUCA, Inc.
              
 
bucae
117769109
issuer
6/14/04
Elect directors
1
no vote
         
Ratify Deloitte & Touche
2
no vote
Edgar OnLine, Inc.
              
 
edgr
279765101
issuer
5/27/04
Elect Directors
1
no vote
         
Approve to incresase shares outstanding
2
no vote
         
Approve 1999 stock option plan
3
no vote
         
Ratify BDO Seidman as accountants
4
no vote
Amerigon, Inc.
              
 
argn
03070L300
issuer
5/19/04
Elect Directors
1
For
American Technology Corp.
              
 
atco
30145205
issuer
5/27/04
Elect Directors
1
no vote
         
Ratify BDO Seidman
2
  
Tarantella, Inc.
              
 
ttla
876090309
issuer
5/27/04
Elect directors
1
for
         
Amend 2002 Incentive Stock Option Plan
2
for
         
Amend Employee Stock Purchase Plan
3
for
         
Ratify Deloitte & Touche LLP as auditors
4
for
         
Transact business as may come before meeting
    
American Technology
              
 
atco
30145205
issuer
5/27/04
Elect directors
1
for
         
Ratify BDO Seidman LLp
2
for
Safenet, Inc
              
 
sfnt
78645R107
issuer
6/03/04
Elect Directors
1
no vote
         
Ratify Ernst & young
2
no vote
Witness Systems, Inc.
              
 
wits
977424100
issuer
5/26/04
Elect Directors
1
no vote
         
Approve KPMG LLP
2
no vote
Metretek Technologies
              
 
mtek
59159Q107
issuer
6/14/04
Elect directors
1
for
         
Approve amendment to 1998 Stock Incentive plan
2
for
         
Ratify Deloitte & Touch
3
for
         
Discretion to address issues
4
for
RADVision LTD
              
 
rvsn
M81869105
issuer
6/13/04
Elect directors
1
no vote
         
Appoint Arnold Taragin as Chair of meeting, in abs. of director
2
no vote
         
Receive directors annual report to shareholders
3
no vote
         
Appoint KOST Gorer Gabbay & Kasierer and Auditors
4
no vote
         
Authorized remuneration for Yossi Atsmon, external director
5
no vote
         
Approve options to CEO
6
no vote
         
Approve amendment to art. Of Assoc.
7
no vote
Find/SVP
              
 
fsvp
317718302
issuer
6/18/04
Elect Directors
1
For
         
Ratify Deloitte & Touche
2
For
         
Vote on such business as necessary
3
For
Net Perceptions
              
 
netp
64107U101
issuer
6/23/04
Elect Directors
1
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.
 
(Registrant)
SPECIAL SITUATIONS FUND III, L.P.

By (signature and Title)*
 /s/ Austin W. Marxe 
AUSTIN W. MARXE, MANAGING GENERAL PARTNER

Date:
August 19, 2005