-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TlZaeuZ3G0Poj9PGBxi0HVj8vj9ztYuN3UmYJ6hi5G+F1lErbtyJZs69SoFqIO88 gnAathMdLsHhDbuOSWQekw== 0001162044-04-000245.txt : 20040817 0001162044-04-000245.hdr.sgml : 20040817 20040817150706 ACCESSION NUMBER: 0001162044-04-000245 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040630 FILED AS OF DATE: 20040817 EFFECTIVENESS DATE: 20040817 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE FUNDS CENTRAL INDEX KEY: 0001030979 IRS NUMBER: 770449050 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-08043 FILM NUMBER: 04981737 BUSINESS ADDRESS: STREET 1: C/O BERKSHIRE CAPITAL HOLDINGS INC STREET 2: 475 MILAN DR SUITE 103 CITY: SAN JOSE STATE: CA ZIP: 95134-2453 BUSINESS PHONE: 4085260707 MAIL ADDRESS: STREET 1: C/O BERKSHIRE CAPITAL HOLDINGS INC STREET 2: 475 MILAN DR SUITE 103 CITY: SAN JOSE STATE: CA ZIP: 95134 N-PX 1 npx.txt As filed with the Securities and Exchange Commission on August 17, 2004 - ------------------------------------------------------------------------------ ============================================================================== ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0582 Expires: March 31, 2006 Estimated average burden hours per response 14.4 ------------------------------ 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 811-08043 ----------------------------------------------------------- THE BERKSHIRE FUNDS (Exact name of registrant as specified in charter) 475 Milan Drive, Suite #103 San Jose, CA 95134-2453 (Address of principal executive offices) ----------------------------------------------------------- AGENT FOR SERVICE: MALCOLM R. FOBES III The Berkshire Funds 475 Milan Drive, Suite #103 San Jose, CA 95134-2453 (Name and Address of Agent for Service) COPIES TO: DONALD S. MENDELSOHN, ESQ. Thompson Hine LLP 312 Walnut Street 14th Floor Cincinnati, Ohio 45202 ----------------------------------------------------------- Registrant's telephone number, including area code: 1-408-526-0707 Date of fiscal year end: December 31, 2003 Date of reporting period: June 30, 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 (ss.ss. 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 infor- mation under the clearance requirements of 44 U.S.C. ss. 3507. ============================================================================== COMPANY: ANALOG DEVICES, INC. TICKER: ADI CUSIP: 032654105 MEETING DATE: 3/9/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Jerald G. Fishman For For Management 1.2 Elect Director F. Grant Saviers For For Management 2 Approve Increase Number of Shares For For Management of Common Stock Outstanding 3 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: APPLIED MICRO CIRCUITS CORP. TICKER: AMCC CUSIP: 03822W109 MEETING DATE: 8/27/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director David M. Rickey For For Management 1.2 Elect Director Roger A. Smullen For For Management 1.3 Elect Director Cesar Cesaratto For For Management 1.4 Elect Director Franklin P. Johnson, Jr. For For Management 1.5 Elect Director Kevin N. Kalkhoven For For Management 1.6 Elect Director L. Wayne Price For For Management 1.7 Elect Director Douglas C. Spreng For For Management 1.8 Elect Director Arthur B. Stabenow For For Management 1.9 Elect Director Harvey P. White For For Management 2 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: ATMEL CORP. TICKER: ATML CUSIP: 049513104 MEETING DATE: 5/12/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director George Perlegos For For Management 1.2 Elect Director Gust Perlegos For For Management 1.3 Elect Director Tsung-Ching Wu For For Management 1.4 Elect Director T. Peter Thomas For For Management 1.5 Elect Director Norm Hall For For Management 1.6 Elect Director Pierre Fougere For For Management 1.7 Elect Director Dr. Chaiho Kim For For Management 1.8 Elect Director David Sugishita For For Management 2 Ratify Pricewaterhousecoopers Auditors For For Management ============================================================================== COMPANY: AVANEX CORP. TICKER: AVNX CUSIP: 05348W109 MEETING DATE: 11/6/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Walter Alessandrini For For Management 1.2 Elect Director Joseph Miller For For Management 2 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: AVAYA, INC. TICKER: AV CUSIP: 053499109 MEETING DATE: 2/26/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Joseph P. Landy For For Management 1.2 Elect Director Mark Leslie For For Management 1.3 Elect Director Donald K. Peterson For For Management 1.4 Elect Director Anthony P. Terracciano For For Management 2 Approve Long Term Incentive Plan for Management Employees For For Management 3 Shareholder Proposal Regarding Chief Executive Officer Compensation Against Against Shareholder ============================================================================== COMPANY: BEA SYSTEMS, INC. TICKER: BEAS CUSIP: 073325102 MEETING DATE: 7/11/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director William T. Coleman III For For Management 1.2 Elect Director Dale Crandall For For Management 1.3 Elect Director William H. Janeway For For Management 2 Approve 2004 Senior Executive Bonus Plan For For Management 3 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: BROADCOM CORP. TICKER: BRCM CUSIP: 111320107 MEETING DATE: 4/29/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director George L. Farinsky For For Management 1.2 Elect Director John Major For For Management 1.3 Elect Director Alan E. Ross For For Management 1.4 Elect Director Henry Samueli, Ph.D For For Management 2 Approve an Amendment and Restatement of Company's 1998 Stock Incentive Plan For For Management 3 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: CISCO SYSTEMS, INC. TICKER: CSCO CUSIP: 17275R102 MEETING DATE: 11/11/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Carol A. Bartz For For Management 1.2 Elect Director Larry R. Carter For For Management 1.3 Elect Director John T. Chambers For For Management 1.4 Elect Director Dr. James F. Gibbons For For Management 1.5 Elect Director Dr. John L. Hennessy For For Management 1.6 Elect Director Roderick C. McGeary For For Management 1.7 Elect Director James C. Morgan For For Management 1.8 Elect Director John P. Morgridge For For Management 1.9 Elect Director Donald T. Valentine For For Management 1.10 Elect Director Steven M. West For For Management 1.11 Elect Director Jerry Yang For For Management 2 Approve an Amendment and Restatement of the Employee Stock Purchase Plan For For Management 3 Ratify Pricewaterhousecoopers Auditors For For Management 4 Shareholder Proposal that Board Prepare Report Each Fiscal Yr. on Hardware and Software Provided to Govt. Agencies Against Against Shareholder 5 Shareholder Proposal that Board's Compensation Committee Prepare by Jan. 1, 2004 a Report Comparing Compensation of Top Executives and Lowest Paid Workers in the U.S. and Abroad Against Against Shareholder ============================================================================== COMPANY: CORNING, INC. TICKER: GLW CUSIP: 219350105 MEETING DATE: 4/29/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Jeremy R. Knowles For For Management 1.2 Elect Director Eugene C. Sit For For Management 1.3 Elect Director William D. Smithburg For For Management 1.4 Elect Director Hansel E. Tookes II For For Management 1.5 Elect Director Wendell P. Weeks For For Management 2 Ratify Pricewaterhousecoopers Auditors For For Management 3 Shareholder Proposal Relating to Severance Agreements with Senior Executives Against Against Shareholder ============================================================================== COMPANY: CYPRESS SEMICONDUCTOR CORP. TICKER: CY CUSIP: 232806109 MEETING DATE: 4/19/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director T.J. Rodgers For For Management 1.2 Elect Director Fred B. Bialek For For Management 1.3 Elect Director Eric A. Benhamou For For Management 1.4 Elect Director John C. Lewis For For Management 1.5 Elect Director Alan F. Shugart For For Management 1.6 Elect Director James R. Long For For Management 1.7 Elect Director W. Steve Albrecht For For Management 2 Approve an Amendment and Restated 1994 Stock Plan For For Management 3 Ratify Pricewaterhousecoopers Auditors For For Management ============================================================================== COMPANY: EMC CORP. TICKER: EMC CUSIP: 268648102 MEETING DATE: 5/5/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director John R. Egan For For Management 1.2 Elect Director Michael C. Ruettgers For For Management 1.3 Elect Director David N. Strohm For For Management 2 Approve an Amendment to EMC's 2003 Stock Plan to Increase the Number of Shares Available for Grant and Allow Awards of Restricted Stock be Granted to Non-Employee Directors For For Management 3 Approve an Amendment to EMC's 1989 Employee Stock Purchase Plan to Increase the Number of Shares Available for Grant For For Management 4 Ratify Pricewaterhousecoopers Auditors For For Management 5 Shareholder Proposal Relating to Executive Compensation Against Against Shareholder ============================================================================== COMPANY: JDS UNIPHASE CORP. TICKER: JDSU CUSIP: 46612J101 MEETING DATE: 11/6/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Robert E. Enos For For Management 1.2 Elect Director Peter A. Guglielmi For For Management 2 Approve the JDS Uniphase Corp. 2003 Equity Incentive Plan For For Management 3 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: JUNIPER NETWORKS, INC. TICKER: JNPR CUSIP: 48203R104 MEETING DATE: 4/16/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1 Approve the Issuance of 1.404 Shares of Juniper Networks Common Stock for Each Outstanding Share of Netscreen Common Stock and Each Outstanding Stock Option to Purchase Netscreen Common Stock as of the Effective Date of the Merger in Connection with and Pursuant to the Terms of the Agreement and Plan of Reorganization Dated as of Feb. 9, 2004 For For Management ============================================================================== COMPANY: JUNIPER NETWORKS, INC. TICKER: JNPR CUSIP: 48203R104 MEETING DATE: 5/19/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Pradeep Sindhu For For Management 1.2 Elect Director Robert M. Calderoni For For Management 1.3 Elect Director Kenneth Levy For For Management 2 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: KLA-TENCOR CORP. TICKER: KLAC CUSIP: 482480100 MEETING DATE: 11/05/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director H. Raymond Bingham For For Management 1.2 Elect Director Robert T. Bond For For Management 1.3 Elect Director Richard J. Elkus, Jr. For For Management 1.4 Elect Director Michael E. Marks For For Management 2 Ratify Pricewaterhousecoopers Auditors For For Management ============================================================================== COMPANY: KULICKE AND SOFFA INDUSTRIES, INC. TICKER: KLIC CUSIP: 501242101 MEETING DATE: 2/10/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Brian R. Bachman For For Management 1.2 Elect Director Philip V. Gerdine For For Management 2 Ratify Pricewaterhousecoopers Auditors For For Management ============================================================================== COMPANY: LAM RESEARCH CORP. TICKER: LRCX CUSIP: 512807108 MEETING DATE: 11/6/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director James W. Bagley For For Management 1.2 Elect Director David G. Arscott For For Management 1.3 Elect Director Robert M. Berdahl For For Management 1.4 Elect Director Richard J. Elkus, Jr. For For Management 1.5 Elect Director Jack R. Harris For For Management 1.6 Elect Director Grant M. Inman For For Management 2 Approve Amendment of LAM 1999 Employee Stock Purchase Plan For For Management 3 Approve LAM 2004 Executive Incentive Plan For For Management 4 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: LINEAR TECHNOLOGY CORP. TICKER: LLTC CUSIP: 535678106 MEETING DATE: 11/5/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Robert H. Swanson, Jr. For For Management 1.2 Elect Director David S. Lee For For Management 1.3 Elect Director Leo T. McCarthy For For Management 1.4 Elect Director Richard M. Moley For For Management 1.5 Elect Director Thomas S. Volpe For For Management 2 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: MARVELL TECHNOLOGY GROUP LTD. TICKER: MRVL CUSIP: G5876H105 MEETING DATE: 5/28/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Dr. John M. Cioffi, Ph.D For For Management 1.2 Elect Director Dr. Paul R. Gray, Ph.D For For Management 1.3 Elect Director Douglas King For For Management 2 Ratify Pricewaterhousecoopers Auditors For For Management 3 Authorize the Board of Directors to Fix the Auditors' Remuneration for the 2005 Fiscal Year Ending Jan. 29, 2005 For For Management 4 Approve an Increase to the Company's Authorized Share Capital For For Management ============================================================================== COMPANY: MAXIM INTERGRATED PRODUCTS, INC. TICKER: MXIM CUSIP: 57772K101 MEETING DATE: 11/13/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director James R. Bergman For For Management 1.2 Elect Director John F. Gifford For For Management 1.3 Elect Director B. Kipling Hagopian For For Management 1.4 Elect Director M.D. Sampels For For Management 1.5 Elect Director A.R. Frank Wazzan For For Management 2 Approve Amendment to the Company's 1996 Stock Incentive Plan, as Amended, Increasing the Number of Shares Available for Issuance by 9,400,000 Shares from 95,200,000 Shares to 104,600,000 Shares For For Management 3 Approve Amendment to the Company's 1987 Employee Stock Participation Plan, as Amended, Increasing the Number of Shares Available for Issuance by 400,000 Shares from 14,651,567 Shares to 15,051,567 Shares For For Management 4 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: MCDATA CORP. TICKER: MCDTA CUSIP: 580031201 MEETING DATE: 8/27/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director John F. McDonnell For For Management 1.2 Elect Director Charles C. Johnston For For Management 1.3 Elect Director Laurence G. Walker For For Management 2 Ratify Pricewaterhousecoopers Auditors For For Management 3 Approve Amendments to the 2001 McData Equity Incentive Plan For For Management ============================================================================== COMPANY: PMC-SIERRA, INC. TICKER: PMCS CUSIP: 69344F106 MEETING DATE: 5/14/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Robert Bailey For For Management 1.2 Elect Director Alexandre Balkanski For For Management 1.3 Elect Director Richard Belluzzo For For Management 1.4 Elect Director James Diller For For Management 1.5 Elect Director Jonathan Judge For For Management 1.6 Elect Director William Kurtz For For Management 1.7 Elect Director Frank Marshall For For Management 1.8 Elect Director Lewis Wilks For For Management 2 Ratify Deloitte & Touche as Auditors For For Management ============================================================================== COMPANY: QLOGIC CORP. TICKER: QLGC CUSIP: 747277101 MEETING DATE: 8/26/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director H.K. Desai For For Management 1.2 Elect Director Larry R. Carter For For Management 1.3 Elect Director James R. Fiebiger For For Management 1.4 Elect Director Balakrishnan S. Iyer For For Management 1.5 Elect Director Carol L. Miltner For For Management 1.6 Elect Director George D. Wells For For Management 2 Amendment to Qlogic Stock Awards Plan to Extend the Expiration Date of the Awards Plan to July 31, 2006 For For Management 3 Ratify KPMG as Auditors For For Management ============================================================================== COMPANY: TEXAS INSTRUMENTS, INC. TICKER: TXN CUSIP: 882508104 MEETING DATE: 4/15/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director J.R. Adams For For Management 1.2 Elect Director D.L. Boren For For Management 1.3 Elect Director D.A. Carp For For Management 1.4 Elect Director T.J. Engibous For For Management 1.5 Elect Director G.W. Fronterhouse For For Management 1.6 Elect Director D.R. Goode For For Management 1.7 Elect Director W.R. Sanders For For Management 1.8 Elect Director R.J. Simmons For For Management 1.9 Elect Director R.K. Templeton For For Management 1.10 Elect Director C.T. Whitman For For Management 2 Ratify Ernst & Young as Auditors For For Management 3 Stockholder Proposal Regarding Expensing of Stock Options Against Against Shareholder ============================================================================== COMPANY: TRANSWITCH CORP. TICKER: TXCC CUSIP: 894065101 MEETING DATE: 5/20/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Dr. Santanu Das For For Management 1.2 Elect Director Alfred F. Boschulte For For Management 1.3 Elect Director Dr. Hagen Hultzsch For For Management 1.4 Elect Director Gerald F. Montry For For Management 1.5 Elect Director James M. Pagos For For Management 1.6 Elect Director Dr. Albert E. Paladino For For Management 1.7 Elect Director Erik H. Van Der Kaay For For Management 2 Transact Such Other Business as May Properly Come Before the Meeting and any Continuations or Adjournments For For Management ============================================================================== COMPANY: TRIQUINT SEMICONDUCTOR, INC. TICKER: TQNT CUSIP: 89674K103 MEETING DATE: 5/14/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Francisco Alvarez For For Management 1.2 Elect Director Dr. Paul A. Gary For For Management 1.3 Elect Director Charles Scott Gibson For For Management 1.4 Elect Director Nicolas Kauser For For Management 1.5 Elect Director Ralph G. Quinsey For For Management 1.6 Elect Director Dr. Walden C. Rhines For For Management 1.7 Elect Director Steven J. Sharp For For Management 1.8 Elect Director Edward F. Tuck For For Management 1.9 Elect Director Willis C. Young For For Management 2 Amendment to TriQuint Semiconductor 1996 Stock Incentive Program to Increase the Aggregate Number of Shares of Common Stock that May be Issued by 5,000,000 Shares For For Management 3 Ratify KPMG as Auditors For For Management ============================================================================== COMPANY: VITESSE SEMICONDUCTOR CORP. TICKER: VTSS CUSIP: 928497106 MEETING DATE: 1/26/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Vincent Chan For For Management 1.2 Elect Director James A. Cole For For Management 1.3 Elect Director Alex Daly For For Management 1.4 Elect Director John C. Lewis For For Management 1.5 Elect Director Louis R. Tomasetta For For Management 2 Amendment to the Company's 1991 Employee Stock Purchase Plan For For Management 3 Ratify KPMG as Auditors For For Management ============================================================================== COMPANY: XILINX, INC. TICKER: XLNX CUSIP: 983919101 MEETING DATE: 8/7/03 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director William P. Roelandts For For Management 1.2 Elect Director John L. Doyle For For Management 1.3 Elect Director Jerald G. Fishman For For Management 1.4 Elect Director Philip T. Gianos For For Management 1.5 Elect Director William G. Howard, Jr. For For Management 1.6 Elect Director Harold E. Hughes, Jr. For For Management 1.7 Elect Director Richard W. Sevcik For For Management 1.8 Elect Director Elizabeth Vanderslice For For Management 2 Ratify Ernst & Young as Auditors For For Management ============================================================================== COMPANY: YAHOO! INC. TICKER: YHOO CUSIP: 984332106 MEETING DATE: 5/21/04 - ------------------------------------------------------------------------------ Mgmt Vote # Proposal Rec Cast Sponsor - ------------------------------------------------------------------------------ 1.1 Elect Director Terry S. Semel For For Management 1.2 Elect Director Jerry Yang For For Management 1.3 Elect Director Roy J. Bostock For For Management 1.4 Elect Director Ronald W. Burkle For For Management 1.5 Elect Director Eric Hippeau For For Management 1.6 Elect Director Arthur H. Kern For For Management 1.7 Elect Director Robert A. Kotick For For Management 1.8 Elect Director Edward R. Kozel For For Management 1.9 Elect Director Gary L. Wilson For For Management 2 Amendment of the 1996 Employee Stock Purchase Plan For For Management 3 Ratify Pricewaterhousecoopers Auditors For For Management 4 Shareholder Proposal Regarding Expensing of Stock Options Against Against Shareholder ============================================================================== 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 under- signed, thereunto duly authorized. The Berkshire Funds - ------------------- /s/ Malcolm R. Fobes III - ------------------------ Malcolm R. Fobes III President August 17, 2004 - --------------- -----END PRIVACY-ENHANCED MESSAGE-----