0001122649-20-000018.txt : 20200826 0001122649-20-000018.hdr.sgml : 20200826 20200826154101 ACCESSION NUMBER: 0001122649-20-000018 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200630 FILED AS OF DATE: 20200826 DATE AS OF CHANGE: 20200826 EFFECTIVENESS DATE: 20200826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HILLMAN CAPITAL MANAGEMENT INVESTMENT TRUST CENTRAL INDEX KEY: 0001122649 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-10085 FILM NUMBER: 201137054 BUSINESS ADDRESS: STREET 1: 116 SOUTH FRANKLIN STREET STREET 2: PO BOX 69 CITY: ROCKY MOUNT STATE: NC ZIP: 27802-0069 BUSINESS PHONE: 2529729922 MAIL ADDRESS: STREET 1: 116 SOUTH FRANKLIN STREET STREET 2: PO BOX 69 CITY: ROCKY MOUNT STATE: NC ZIP: 27802-0069 0001122649 S000010501 Hillman Value Fund C000028969 No Load Shares HCMAX N-PX 1 npx0620.htm HILLMAN CAPITAL MANAGEMENT INVESTMENT TRUST - HILLMAN VALUE FUND

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY



Investment Company Act file number 811-10085


Hillman Capital Management Investment Trust
(Exact name of registrant as specified in charter)


116 South Franklin Street, Rocky Mount, North Carolina 27804
(Address of principal executive offices) (Zip code)


Paracorp Inc.
2140 South Dupont Hwy., Camden, DE  19934
 (Name and address of agent for service)


Registrant's telephone number, including area code: 252-972-9922


Date of fiscal year end: Sept 30


Date of reporting period: July 1, 2019 - June 30, 2020


 
HILLMAN VALUE FUND
Vote Summary
       
THE KRAFT HEINZ COMPANY

                
Security
    
500754106
        
Meeting Type
Annual 
Ticker Symbol
  
KHC           
       
Meeting Date
12-Sep-2019
Record Date
  
15-Jul-2019
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1a. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1b. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1c. 
 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1d. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1e. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1f. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1g. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1h. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1i. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1j. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1k. 
 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Health Issues
      
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Environmental
      
Shareholder
  
Against
  
Against
                                 
GENERAL MILLS, INC.

                    
Security
    
370334104
        
Meeting Type
Annual 
Ticker Symbol
  
GIS           
         
Meeting Date
24-Sep-2019
Record Date
  
26-Jul-2019
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
                                 
LAM RESEARCH CORPORATION

                
Security
    
512807108
        
Meeting Type
Annual 
Ticker Symbol
  
LRCX          
       
Meeting Date
05-Nov-2019
Record Date
  
06-Sep-2019
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1.  
 
Election of Directors
        
Management
        
     
1
Sohail U. Ahmed
          
For
  
For
     
2
Timothy M. Archer
          
For
  
For
     
3
Eric K. Brandt
            
For
  
For
     
4
Michael R. Cannon
          
For
  
For
     
5
Youssef A. El-Mansy
          
For
  
For
     
6
Catherine P. Lego
          
For
  
For
     
7
Bethany J. Mayer
          
For
  
For
     
8
Abhijit Y. Talwalkar
          
For
  
For
     
9
Lih Shyng (Rick L) Tsai
        
For
  
For
     
10
Leslie F. Varon
          
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
MICROSOFT CORPORATION

                
Security
    
594918104
        
Meeting Type
Annual 
Ticker Symbol
  
MSFT          
       
Meeting Date
04-Dec-2019
Record Date
  
08-Oct-2019
                

Item

Proposal
              

Type
  

Vote
  

Mtg. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1M. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
For
5.  
 
S/H Proposal - Gender Pay Equality
    
Shareholder
  
Against
  
For
                                 
MEDTRONIC PLC

                      
Security
    
G5960L103
        
Meeting Type
Annual 
Ticker Symbol
  
MDT           
       
Meeting Date
06-Dec-2019
Record Date
  
10-Oct-2019
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
Stock Issuance
          
Management
  
For
  
For
5.  
 
Eliminate Pre-Emptive Rights
      
Management
  
For
  
For
6.  
 
Authorize Directors to Repurchase Shares
  
Management
  
For
  
For
                                 
EMERSON ELECTRIC CO.

                  
Security
    
291011104
        
Meeting Type
Annual 
Ticker Symbol
  
EMR           
       
Meeting Date
04-Feb-2020
Record Date
  
26-Nov-2019
              
 

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1.  
 
Election of Directors
        
Management
        
     
1
M. S. Craighead
          
For
  
For
     
2
D. N. Farr
              
For
  
For
     
3
G. A. Flach
              
For
  
For
     
4
M. S. Levatich
            
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
Declassify Board
          
Management
  
For
  
For
BANK OF AMERICA CORPORATION

              
Security
    
060505104
        
Meeting Type
Annual 
Ticker Symbol
  
BAC           
         
Meeting Date
22-Apr-2020
Record Date
  
02-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1M. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1N. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1O. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1P. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1Q. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy
Shareholder
  
Against
  
Against
7.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
                                 
PFIZER INC.
 		                        
Security
    
717081103
        
Meeting Type
Annual 
Ticker Symbol
  
PFE           
         
Meeting Date
23-Apr-2020
Record Date
  
25-Feb-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1M. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Shareholders be Given Access to Proxy
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Political/Government
    
Shareholder
  
Against
  
Against
7.  
 
S/H Proposal - Establish Independent Chairman
Shareholder
  
Against
  
Against
8.  
 
S/H Proposal - Gender Pay Gap
    
Shareholder
  
Against
  
Against
9.  
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
AT&T INC.

                          
Security
    
00206R102
        
Meeting Type
Annual 
Ticker Symbol
  
T             
           
Meeting Date
24-Apr-2020
Record Date
  
26-Feb-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1M. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
S/H Proposal - Establish Independent Chairman
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
                   
KELLOGG COMPANY

                    
Security
    
487836108
        
Meeting Type
Annual 
Ticker Symbol
  
K             
         
Meeting Date
24-Apr-2020
Record Date
  
28-Feb-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
Amend Employee Stock Purchase Plan
    
Management
  
For
  
For
5.  
 
Declassify Board
          
Management
  
For
  
For
6.  
 
S/H Proposal - Election of Directors By Majority Vote
Shareholder
  
For
  
Against
   
Comments: Supermajority vote requirements can act as impediments to takeover proposals and impede shareholders' ability to approve ballot items that are in their interests
          
                                 
WELLS FARGO & COMPANY

                
Security
    
949746101
        
Meeting Type
Annual 
Ticker Symbol
  
WFC           
       
Meeting Date
28-Apr-2020
Record Date
  
28-Feb-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Increase Disclosure of Executive Compensation
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy
Shareholder
  
Against
  
Against
ANHEUSER-BUSCH INBEV SA

                
Security
    
03524A108
        
Meeting Type
Annual 
Ticker Symbol
  
BUD           
       
Meeting Date
29-Apr-2020
Record Date
  
20-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A  
Approve Article Amendments
      
Management
  
For
  
For
1B  
Approve Article Amendments
      
Management
  
For
  
For
1C  
Approve Article Amendments
      
Management
  
For
  
For
5   
 
Receive Consolidated Financial Statements
  
Management
  
For
  
For
6   
 
Director Removal Without Cause
    
Management
  
For
  
For
7   
 
Director Removal Without Cause
    
Management
  
For
  
For
8A  
Election of Directors (Majority Voting)
    
Management
  
For
  
For
8B  
Election of Directors (Majority Voting)
    
Management
  
For
  
For
8C  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8D  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8E  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8F  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8G  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8H  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8I  
 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8J  
 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8K  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
9   
 
Approve Remuneration of Directors and Auditors
Management
  
Against
  
For
   
Comments: LTI awards are not performance based; Poor overall compensation disclosure; Poor response to prior year dissent
          
10  
Miscellaneous Corporate Actions
    
Management
  
For
  
For
                                 
THE GOLDMAN SACHS GROUP, INC.

              
Security
    
38141G104
        
Meeting Type
Annual 
Ticker Symbol
  
GS            
         
Meeting Date
30-Apr-2020
Record Date
  
02-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Shareholder action by written consent enables shareholders to take action on important issues that arise between annual meetings
         
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
BRISTOL-MYERS SQUIBB COMPANY

              
Security
    
110122108
        
Meeting Type
Annual 
Ticker Symbol
  
BMY           
         
Meeting Date
05-May-2020
Record Date
  
16-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Separate Chairman/Coe
    
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Shareholder action by written consent enables shareholders to take action on important issues that arise between annual meetings
         
                                 
VERIZON COMMUNICATIONS INC.

                
Security
    
92343V104
        
Meeting Type
Annual 
Ticker Symbol
  
VZ            
         
Meeting Date
07-May-2020
Record Date
  
09-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1a. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1b. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1c. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1d. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1e. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1f. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1g. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1h. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1i. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: A 10% threshold for calling a special meeting is appropriate
      
6.  
 
S/H Proposal - Political/Government
    
Shareholder
  
Against
  
Against
7.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
8.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
                                 
THE KRAFT HEINZ COMPANY

                
Security
    
500754106
        
Meeting Type
Annual 
Ticker Symbol
  
KHC           
       
Meeting Date
07-May-2020
Record Date
  
09-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1B. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1C. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1D. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1E. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1F. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
2.  
 
14A Executive Compensation
      
Management
  
Against
  
For
   
Comments: Concerning pay practices
              
3.  
 
Adopt Omnibus Stock Option Plan
    
Management
  
For
  
For
4.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Supermajority vote requirements can act as impediments to shareholders being able to approve ballot items that are in their interests
          
SIMON PROPERTY GROUP, INC.

                
Security
    
828806109
        
Meeting Type
Annual 
Ticker Symbol
  
SPG           
       
Meeting Date
12-May-2020
Record Date
  
16-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1a. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1b. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1c. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1d. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1e. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1f. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1g. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1h. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1i. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1j. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
                                 
LABORATORY CORP. OF AMERICA HOLDINGS

              
Security
    
50540R409
        
Meeting Type
Annual 
Ticker Symbol
  
LH            
         
Meeting Date
13-May-2020
Record Date
  
25-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: A 10% threshold for calling a special meeting is appropriate
      
                                 
COMPASS MINERALS INTERNATIONAL, INC.

              
Security
    
20451N101
        
Meeting Type
Annual 
Ticker Symbol
  
CMP           
       
Meeting Date
14-May-2020
Record Date
  
16-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1.  
 
Eliminate Supermajority Requirements
    
Management
  
For
  
For
2A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
Against
  
For
   
Comments: Pay and performance disconnect
            
4.  
 
Approve Stock Compensation Plan
    
Management
  
For
  
For
5.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
                                 
INTEL CORPORATION

                    
Security
    
458140100
        
Meeting Type
Annual 
Ticker Symbol
  
INTC          
       
Meeting Date
14-May-2020
Record Date
  
16-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
Amend Employee Stock Purchase Plan
    
Management
  
For
  
For
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy
Shareholder
  
Against
  
Against
CVS HEALTH CORPORATION

                
Security
    
126650100
        
Meeting Type
Annual 
Ticker Symbol
  
CVS           
         
Meeting Date
14-May-2020
Record Date
  
18-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1M. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
Against
  
For
   
Comments: Concerning pay practices
              
4.  
 
Approve Stock Compensation Plan
    
Management
  
For
  
For
5.  
 
Amend Employee Stock Purchase Plan
    
Management
  
For
  
For
6.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: The Company's 25% ownership threshold is too high to provide shareholders with a meaningful right to action by written consent
         
7.  
 
S/H Proposal - Establish Independent Chairman
Shareholder
  
Against
  
Against
                                 
NORDSTROM, INC.

                    
Security
    
655664100
        
Meeting Type
Annual 
Ticker Symbol
  
JWN           
       
Meeting Date
20-May-2020
Record Date
  
11-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
Amend Stock Compensation Plan
    
Management
  
Against
  
For
   
Comments: Minimum equity overhang of all plans, including this proposal, as a percentage of outstanding common stock, is 23.70%.
          
5.  
 
Amend Employee Stock Purchase Plan
    
Management
  
For
  
For
                                 
PLAINS ALL AMERICAN PIPELINE, L.P.

              
Security
    
726503105
        
Meeting Type
Annual 
Ticker Symbol
  
PAA           
         
Meeting Date
20-May-2020
Record Date
  
23-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1.  
 
Election of Directors
        
Management
        
     
1
Alexandra Pruner
          
For
  
For
     
2
Lawrence Ziemba
          
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
Against
  
For
   
Comments: Concerning pay practices
              
MCDONALD'S CORPORATION

                
Security
    
580135101
        
Meeting Type
Annual 
Ticker Symbol
  
MCD           
       
Meeting Date
21-May-2020
Record Date
  
23-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
Against
  
For
   
Comments: Former CEO's equity treatment upon separation
        
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
Amend Omnibus Stock Option Plan
    
Management
  
For
  
For
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: A 15% threshold for calling a special meeting is appropriate
      
6.  
 
S/H Proposal - Environmental
      
Shareholder
  
Against
  
Against
                                 
STERICYCLE, INC.

                    
Security
    
858912108
        
Meeting Type
Annual 
Ticker Symbol
  
SRCL          
       
Meeting Date
22-May-2020
Record Date
  
27-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1a. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1b. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1c. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1d. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1e. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1f. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1g. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1h. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1i. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1j. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1k. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1l. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Amend Employee Stock Purchase Plan
    
Management
  
For
  
For
4.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: A 15% threshold for calling a special meeting is appropriate
      
6.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Expanding the Company's clawback policy could protect shareholder interests
  
                                 
MERCK & CO., INC.

                    
Security
    
58933Y105
        
Meeting Type
Annual 
Ticker Symbol
  
MRK           
       
Meeting Date
26-May-2020
Record Date
  
27-Mar-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1M. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
EXXON MOBIL CORPORATION

                
Security
    
30231G102
        
Meeting Type
Annual 
Ticker Symbol
  
XOM           
       
Meeting Date
27-May-2020
Record Date
  
02-Apr-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
S/H Proposal - Establish Independent Chairman
Shareholder
  
Against
  
Against
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Environmental
      
Shareholder
  
Against
  
Against
7.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Additional disclosure concerning climate change-related risks is warranted
    
8.  
 
S/H Proposal - Political/Government
    
Shareholder
  
Against
  
Against
9.  
 
S/H Proposal - Political/Government
    
Shareholder
  
Against
  
Against
                                 
FACEBOOK, INC.

                      
Security
    
30303M102
        
Meeting Type
Annual 
Ticker Symbol
  
FB            
         
Meeting Date
27-May-2020
Record Date
  
03-Apr-2020
              
 

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1.  
 
Election of Directors
        
Management
        
     
1
Peggy Alford
            
For
  
For
     
2
Marc L. Andreessen
          
For
  
For
     
3
Andrew W. Houston
          
For
  
For
     
4
Nancy Killefer
          
For
  
For
     
5
Robert M. Kimmitt
          
For
  
For
     
6
Sheryl K. Sandberg
          
For
  
For
     
7
Peter A. Thiel
            
For
  
For
     
8
Tracey T. Travis
          
For
  
For
     
9
Mark Zuckerberg
          
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
Miscellaneous Compensation Plans
    
Management
  
For
  
For
4.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Allowing one vote per share generally operates as a safeguard for common shareholders
         
5.  
 
S/H Proposal - Establish Independent Chairman
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Election of Directors By Majority Vote
Shareholder
  
For
  
Against
   
Comments: Majority voting increases board accountability and performance
    
7.  
 
S/H Proposal - Political/Government
    
Shareholder
  
For
  
Against
   
Comments: Additional disclosure concerning how the Company is managing political advertising is warranted
         
8.  
 
S/H Proposal - Human Rights Related
    
Shareholder
  
For
  
Against
   
Comments: Adoption of proposal would promote board independence and enhanced oversight of human rights
          
9.  
 
S/H Proposal - Human Rights Related
    
Shareholder
  
For
  
Against
   
Comments: Additional reporting concerning human rights-related oversight is warranted
 
10. 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Increased disclosure will provide shareholders assurance that the Company is managing associated risks as it grows its encrypted messaging services
          
11. 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Increased disclosure would allow shareholders to fully understand the steps the Company is taking to ensure equitable compensation
          
DUPONT DE NEMOURS INC

                
Security
    
26614N102
        
Meeting Type
Annual 
Ticker Symbol
  
DD            
         
Meeting Date
27-May-2020
Record Date
  
06-Apr-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
14A Executive Compensation
      
Management
  
For
  
For
3.  
 
Approve Stock Compensation Plan
    
Management
  
For
  
For
4.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
5.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: A 10% threshold for calling a special meeting is appropriate
      
6.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
                   
AMAZON.COM, INC.

                    
Security
    
023135106
        
Meeting Type
Annual 
Ticker Symbol
  
AMZN          
       
Meeting Date
27-May-2020
Record Date
  
02-Apr-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
4.  
 
Approve Charter Amendment
      
Management
  
Against
  
For
   
Comments: A 20% special meeting threshold as proposed in Proposal 14 is preferable to 25%
5.  
 
S/H Proposal - Adopt Conservation Policy
    
Shareholder
  
Against
  
Against
6.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: An assessment of the Company's customer due diligence could benefit shareholders
          
7.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Additional disclosure on the financial and operational risks associated with the use of Rekognition would benefit shareholders
          
8.  
 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Additional disclosure on the Company's efforts to address hate speech and the sale of offensive products is warranted
          
9.  
 
S/H Proposal - Establish Independent Chairman
Shareholder
  
Against
  
Against
10. 
S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy
Shareholder
  
Against
  
Against
11. 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
12. 
S/H Proposal - Create a Non-Discriminatory Sexual Orientation Policy
Shareholder
  
Against
  
Against
13. 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: Production of requested report would give shareholders critical information concerning the Company's management of diversity-related issues
          
14. 
S/H Proposal - Corporate Governance
    
Shareholder
  
For
  
Against
   
Comments: A 20% special meeting threshold is preferable to the 25% proposed by the Company
          
15. 
S/H Proposal - Corporate Governance
    
Shareholder
  
Against
  
Against
16. 
S/H Proposal - Political/Government
    
Shareholder
  
Against
  
Against
BIOGEN INC.

                          
Security
    
09062X103
        
Meeting Type
Annual 
Ticker Symbol
  
BIIB          
         
Meeting Date
03-Jun-2020
Record Date
  
06-Apr-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1B. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1C. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1D. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1E. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1F. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1G. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1H. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1I. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1J. 
 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1K. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
1L. 
Election of Directors (Majority Voting)
    
Management
  
For
  
For
2.  
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
3.  
 
14A Executive Compensation
      
Management
  
For
  
For
                     
ANHEUSER-BUSCH INBEV SA

                
Security
    
03524A108
        
Meeting Type
Annual 
Ticker Symbol
  
BUD           
       
Meeting Date
03-Jun-2020
Record Date
  
27-Apr-2020
                

Item

Proposal
              

Type
  

Vote
  

Mgt. Rec
1A  
Approve Article Amendments
      
Management
  
For
  
For
1B  
Approve Article Amendments
      
Management
  
For
  
For
1C  
Approve Article Amendments
      
Management
  
For
  
For
5   
 
Ratify Appointment of Independent Auditors
  
Management
  
For
  
For
6   
 
Director Removal Without Cause
    
Management
  
For
  
For
7   
 
Miscellaneous Corporate Actions
    
Management
  
For
  
For
8A  
Election of Directors (Majority Voting)
    
Management
  
For
  
For
8B  
Election of Directors (Majority Voting)
    
Management
  
For
  
For
8C  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8D  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8E  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8F  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8G  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8H  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8I  
 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8J  
 
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
8K  
Election of Directors (Majority Voting)
    
Management
  
Against
  
For
   
Comments: Board is not majority independent.
            
9   
 
Approve Remuneration of Directors and Auditors
Management
  
Against
  
For
   
Comments: LTI awards are not performance based; Poor overall compensation disclosure; Poor response to prior year dissent
         
10  
Miscellaneous Corporate Actions
    
Management
  
For
  
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.







 
Hillman Capital Management Investment Trust
   
   
 
/s/ Mark A. Hillman
By: 
Mark A. Hillman
President and Principal Executive Officer
 
   
Date: 
July 29, 2020