N-PX 1 npx.htm DCM N-PX

                                                                                  

                                                             

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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:  811-09527

                        

DCM SERIES TRUST

________________________________________________________________________

(Exact name of registrant as specified in charter)


7 Wells Avenue, Newton, MA   02459

  (Address of principal executive offices)             

        (Zip code)


Elizabeth S. Fries, P.C.

Goodwin Procter LLP

Exchange Place

Boston, MA 02109

________________________________________________________________________

(Name and address of agent for service)


Registrant's telephone number, including area code: (617) 527-0033



Date of fiscal year end:  September 30


Date of reporting period:  July 1, 2003 - 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. 239.24and 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. ss. 3507.  SEC 2451 (4-03) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.


ITEM 1. PROXY VOTING RECORD: (see attached chart)


Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30, 2004 with respect to which the Registrant was entitled to vote:


          (a). The name of the issuer of the portfolio security;


          (b). The exchange ticker symbol of the portfolio security;


          (c). The Council on Uniform Securities Identification Procedures ("CUSIP") number for the portfolio security;


          (d). The shareholder meeting date;


          (e). A brief identification of the matter voted on;


          (f). Whether the matter was proposed by the issuer or by a security holder;


          (g). Whether the Registrant cast its vote on the matter;


          (h). How the Registrant cast its vote (e.g., for or against  proposal, or abstain; for or withhold regarding election of directors); and


          (i). Whether the Registrant cast its vote for or against management.


SIGNATURES


[See General Instruction F]


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)   

    DCM SERIES TRUST


By (Signature and Title)*   /S/ Jonathan J. Derby

 Jonathan J. Derby, Vice President & Treasurer


Date August 20, 2004


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





THE DCM SERIES TRUST: DCM FUND

 

 

 

 

Item 1, Exhibit A

Investment Company Act file number:  811-09527

     

 

July 1, 2003 -  June 30, 2004

     

 

 

         

 

 

  

 

     

 

Security Issuer

Exchange Ticker

Cusip

Meeting Date

Subject Matter

Issuer or Shdr Proposal

Vote Cast

How

For or Against Mgmt.Recommendation

D.R. HORTON, INC.

DHI

23331A

29-Jan-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) AMENDMENT TO THE D.R. HORTON, INC. 2000 INCENTIVE BONUS PLAN

Issuer

Yes

For

For

 

 

 

 

3) IN THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON OTHER BUSINESS PROPERLY BROUGHT BEFORE THE MEETING OR ANY ADJOURNMENT.

Issuer

Yes

For

For

PFIZER INC.

PFE

717081

22-Apr-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) A PROPOSAL TO APPROVE THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2004.

Issuer

Yes

For

For

 

 

 

 

3) A PROPOSAL TO APPROVE THE PFIZER INC. 2004 STOCK PLAN.

Issuer

Yes

Against

For

 

 

 

 

4) SHAREHOLDER PROPOSAL REQUESTING REVIEW OF THE ECONOMIC EFFECTS OF THE HIV/AIDS, TB AND MALARIA PANDEMICS ON THE COMPANY S BUSINESS STRATEGY.

Shareholder

Yes

Against

For

 

 

 

 

5) SHAREHOLDER PROPOSAL RELATING TO POLITICAL CONTRIBUTIONS.

Shareholder

Yes

Against

For

 

 

 

 

6) SHAREHOLDER PROPOSAL RELATING TO AN ANNUAL REPORT ON CORPORATE RESOURCES DEVOTED TO SUPPORTING POLITICAL ENTITIES OR CANDIDATES.

Shareholder

Yes

Against

For

 

 

 

 

7) SHAREHOLDER PROPOSAL SEEKING TO IMPOSE TERM LIMITS ON DIRECTORS.

Shareholder

Yes

Against

For

 

 

 

 

8) SHAREHOLDER PROPOSAL REQUESTING A REPORT ON INCREASING ACCESS TO PFIZER PRODUCTS.

Shareholder

Yes

Against

For

 

 

 

 

9) SHAREHOLDER PROPOSAL ON STOCK OPTIONS.

Shareholder

Yes

Against

For

 

 

 

 

10) SHAREHOLDER PROPOSAL ON IN VITRO TESTING.

Shareholder

Yes

Against

For

CENDANT CORPORATION

CD

151313

20-Apr-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) TO APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BY-LAWS OF THE COMPANY TO ELIMINATE CLASSIFICATION OF THE BOARD OF DIRECTORS OF THE COMPANY.

Issuer

Yes

For

For

 

 

 

 

3) TO RATIFY AND APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER 31, 2004.

Issuer

Yes

For

For

 

 

 

 

4) STOCKHOLDER PROPOSAL REGARDING THE SEPARATION OF THE OFFICES OF CHIEF EXECUTIVE OFFICER AND CHAIRMAN

Issuer

Yes

Against

For

 

 

 

 

5) STOCKHOLDER PROPOSAL REGARDING CHIEF EXECUTIVE OFFICER COMPENSATION.

Issuer

Yes

Against

For

WASHINGTON MUTUAL, INC.

WAMUO

939322

20-Apr-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE COMPANY S INDEPENDENT AUDITORS FOR 2004

Issuer

Yes

For

For

 

 

 

 

3) SHAREHOLDER PROPOSAL RELATING TO A SPECIFIC COMPENSATION PROGRAM

Shareholder

Yes

Against

For

CITIGROUP INC.

CPRK

172967

20-Apr-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) PROPOSAL TO RATIFY THE SELECTION OF KPMG LLP AS CITIGROUP S INDEPENDENT AUDITORS FOR 2004.

Issuer

Yes

For

For

 

 

 

 

3) STOCKHOLDER PROPOSAL REQUESTING A CURB ON EXECUTIVE COMPENSATION, NO FUTURE STOCK OPTION GRANTS AND NO RENEWALS OR EXTENSIONS OF OPTION PLANS.  

Shareholder

Yes

Against

For

 

 

 

 

4) STOCKHOLDER PROPOSAL REQUESTING A REPORT ON POLITICAL CONTRIBUTIONS.

Shareholder

Yes

Against

For

 

 

 

 

5) STOCKHOLDER PROPOSAL REQUESTING A DISCONTINUATION OF ALL RIGHTS, OPTIONS, SAR S AND POSSIBLE SEVERANCE PAYMENTS TO THE TOP 5 OF MANAGEMENT.

Shareholder

Yes

Against

For

 

 

 

 

6) STOCKHOLDER PROPOSAL REQUESTING THAT THE CHAIRMAN OF THE BOARD HAVE NO MANAGEMENT DUTIES, TITLES OR RESPONSIBILITIES.

Shareholder

Yes

Against

For

WELLS FARGO & COMPANY

WFC

949746

27-Apr-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) PROPOSAL TO APPROVE THE COMPANY S SUPPLEMENTAL 401(K) PLAN.

Issuer

Yes

For

For

 

 

 

 

3) PROPOSAL TO RATIFY APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2004.

Issuer

Yes

For

For

 

 

 

 

4) STOCKHOLDER PROPOSAL REGARDING EXPENSING STOCK OPTIONS.

Shareholder

Yes

Against

For

 

 

 

 

5) STOCKHOLDER PROPOSAL REGARDING RESTRICTED STOCK.

Shareholder

Yes

Against

For

 

 

 

 

6) STOCKHOLDER PROPOSAL REGARDING EXECUTIVE COMPENSATION AND PREDATORY LENDING.

Shareholder

Yes

Against

For

 

 

 

 

7) STOCKHOLDER PROPOSAL REGARDING POLITICAL CONTRIBUTIONS.

Shareholder

Yes

Against

For

GANNETT CO., INC.

GCI

364730

4-May-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) PROPOSAL TO RATIFY PRICEWATERHOUSECOOPERS LLP AS THE COMPANY S AUDITORS.

Issuer

Yes

For

For

 

 

 

 

3) PROPOSAL TO AMEND 2001 OMNIBUS INCENTIVE COMPENSATION PLAN.

Issuer

Yes

For

For

 

 

 

 

4) SHAREHOLDER PROPOSAL CONCERNING EXECUTIVE COMPENSATION.

Shareholder

Yes

Against

For

THE BANK OF NEW YORK COMPANY, INC.

BK

64057

13-Apr-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) RATIFICATION OF AUDITORS

Issuer

Yes

For

For

 

 

 

 

3) APPROVAL OF AN AMENDMENT TO THE 2004 MANAGEMENT INCENTIVE COMPENSATION PLAN

Issuer

Yes

For

For

 

 

 

 

4) SHAREHOLDER PROPOSAL WITH RESPECT TO POLITICAL CONTRIBUTIONS

Shareholder

Yes

Against

For

 

 

 

 

5) SHAREHOLDER PROPOSAL WITH RESPECT TO EXECUTIVE COMPENSATION

Shareholder

Yes

Against

For

 

 

 

 

6) SHAREHOLDER PROPOSAL WITH RESPECT TO THE COMPOSITION OF THE RISK COMMITTEE

Shareholder

Yes

Against

For

 

 

 

 

7) SHAREHOLDER PROPOSAL WITH RESPECT TO THE COMPANY S RIGHTS PLAN

Shareholder

Yes

Against

For

GENERAL ELECTRIC COMPANY

GE

369604

28-Apr-04

0A) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

0B) INDEPENDENT AUDITOR

Issuer

Yes

For

For

 

 

 

 

0C) REVENUE MEASUREMENT ADDED TO EXECUTIVE OFFICER PERFORMANCE GOALS

Issuer

Yes

For

For

 

 

 

 

1) CUMULATIVE VOTING

Shareholder

Yes

Against

For

 

 

 

 

2) ANIMAL TESTING

Shareholder

Yes

Against

For

 

 

 

 

3) NUCLEAR RISK

Shareholder

Yes

Against

For

 

 

 

 

4) REPORT ON PCB CLEANUP COSTS

Shareholder

Yes

Against

For

 

 

 

 

5) OFFSHORE SOURCING

Shareholder

Yes

Against

For

 

 

 

 

6) SUSTAINABILITY INDEX

Shareholder

Yes

Against

For

 

 

 

 

7) COMPENSATION COMMITTEE INDEPENDENCE

Shareholder

Yes

Against

For

 

 

 

 

8) PAY DISPARITY

Shareholder

Yes

Against

For

 

 

 

 

9) END STOCK OPTIONS AND BONUSES

Shareholder

Yes

Against

For

 

 

 

 

10) LIMIT OUTSIDE DIRECTORSHIPS

Shareholder

Yes

Against

For

 

 

 

 

11) INDEPENDENT BOARD CHAIRMAN

Shareholder

Yes

Against

For

 

 

 

 

12) EXPLORE SALE OF COMPANY

Shareholder

Yes

Against

For

 

 

 

 

13) HOLDING STOCK FROM STOCK OPTIONS

Shareholder

Yes

Against

For

 

 

 

 

14) BOARD INDEPENDENCE

Shareholder

Yes

Against

For

 

 

 

 

15) POLITICAL CONTRIBUTIONS

Shareholder

Yes

Against

For

HILB, ROGAL AND HAMILTON COMPANY

HRH

431294

4-May-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) APPROVAL OF AN AMENDMENT TO ARTICLES OF INCORPORATION

Issuer

Yes

For

For

 

 

 

 

3) APPROVAL OF OUTSIDE DIRECTORS DEFERRAL PLAN

Issuer

Yes

For

For

 

 

 

 

4) APPROVAL OF EMPLOYEE STOCK PURCHASE PLAN

Issuer

Yes

For

For

 

 

 

 

5) APPROVAL OF PROPOSAL FOR ADJOURNMENT, IF NECESSARY

Issuer

Yes

For

For

KINDER MORGAN, INC.

KMI

49455P

11-May-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) BOARD PROPOSAL TO RATIFY AND APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT AUDITORS FOR 2004.

Issuer

Yes

For

For

 

 

 

 

3) BOARD PROPOSAL TO AMEND AND RESTATE OUR KINDER MORGAN, INC. AMENDED AND RESTATED 1999 STOCK  OPTION PLAN.

Issuer

Yes

For

For

 

 

 

 

4) STOCKHOLDER PROPOSAL RELATING TO THE PREPARATION OF A SUSTAINABILITY REPORT.

Shareholder

Yes

Against

For

 

 

 

 

5) STOCKHOLDER PROPOSAL RELATING TO EXPENSING STOCK OPTIONS.

Shareholder

Yes

Against

For

COCA-COLA FEMSA, S.A. DE C.V.

KOF

191241

9-Mar-04

3) ELECTION OF THE DIRECTORS, EXAMINERS, CHAIRMAN AND SECRETARY OF THE BOARD OF DIRECTORS, AND RESOLUTION WITH RESPECT TO THEIR REMUNERATION.

Issuer

Yes

Take No Action

For

AMERICAN STANDARD COMPANIES, INC.

ASD

29712

4-May-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) DIRECTORS PROPOSAL - APPROVAL OF AN AMENDMENT TO THE COMPANY S RESTATED CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK.

Issuer

Yes

For

For

 

 

 

 

3) DIRECTORS PROPOSAL - RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS FOR 2004.

Issuer

Yes

For

For

LABORATORY CORP. OF AMERICA HOLDINGS

LH

50540R

12-May-04

1) ANNUAL DIRECTOR  ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) APPROVAL OF THE AMENDMENTS TO THE 1997 EMPLOYEE STOCK PURCHASE PLAN (THE ESPP AMENDMENT )

Issuer

Yes

For

For

 

 

 

 

3) RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSE COOPERS LLP AS LABORATORY CORPORATION OF AMERICA HOLDINGS INDEPENDENT ACCOUNTANTS FOR 2004.

Issuer

Yes

For

For

RENT-A-CENTER, INC.

RCII

76009N

19-May-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

Yes

Yes

 

 

 

 

2) APPROVE THE AMENDMENT TO OUR CERTIFICATE OF INCORPORATION TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK, PAR VALUE $.01 PER SHARE, AUTHORIZED TO BE ISSUED FROM 125,000,000 TO 250,000,000.

Issuer

Yes

Yes

Yes

THE HOME DEPOT, INC.

HD

437076

27-May-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) COMPANY PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS OF THE COMPANY FOR FISCAL 2004.

Issuer

Yes

For

For

 

 

 

 

3) STOCKHOLDER PROPOSAL REGARDING OUTSIDE DIRECTOR TERM LIMITS.

Shareholder

Yes

Against

For

 

 

 

 

4) STOCKHOLDER PROPOSAL REGARDING POISON PILL IMPLEMENTATION.

Shareholder

Yes

Against

For

 

 

 

 

5) STOCKHOLDER PROPOSAL REGARDING PERFORMANCE GOALS AS A PREREQUISITE TO VESTING.

Shareholder

Yes

Against

For

 

 

 

 

6) STOCKHOLDER PROPOSAL REGARDING IMPLEMENTATION OF ILO HUMAN RIGHTS STANDARDS.

Shareholder

Yes

Against

For

 

 

 

 

7) STOCKHOLDER PROPOSAL REGARDING FUTURE SEVERANCE AGREEMENTS.

Shareholder

Yes

Against

For

 

 

 

 

8) STOCKHOLDER PROPOSAL REGARDING METHOD OF VOTING FOR DIRECTORS.

Shareholder

Yes

Against

For

AMERICAN INTERNATIONAL GROUP, INC.

AIG

26874

19-May-04

1) ANNUAL DIRECTOR ELECTIONS

Issuer

Yes

For

For

 

 

 

 

2) ADOPT CHIEF EXECUTIVE OFFICER ANNUAL COMPENSATION PLAN

Issuer

Yes

For

For

 

 

 

 

3) ADOPT A DIRECTOR STOCK PLAN

Issuer

Yes

For

For

 

 

 

 

4) RATIFICATION OF INDEPENDENT ACCOUNTANTS

Issuer

Yes

For

For

 

 

 

 

5) SHAREHOLDER PROPOSAL I DESCRIBED IN THE PROXY STATEMENT

Shareholder

Yes

Against

For

 

 

 

 

6) SHAREHOLDER PROPOSAL II DESCRIBED IN THE PROXY STATEMENT

Shareholder

Yes

Against

For

 

 

 

 

7) SHAREHOLDER PROPOSAL III DESCRIBED IN THE PROXY STATEMENT

Shareholder

Yes

Against

For