N-PX 1 v122318_npx.htm Unassociated Document
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 811-10201

The Appleton Funds
(Exact name of registrant as specified in charter)

303 Broadway, Suite 1100, Cincinnati, Ohio 45202
(Address of principal executive offices) (Zip code)

James I Ladge, 45 Milk Street, Eight Floor, Boston, Massachusetts 02109
(Name and address of agent for service)

Registrant’s telephone number, including area code: (513)878-4000

Date of fiscal year end: 12/31

Date of reporting period: 7/1/07 - 6/30/08

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17CFR 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, N.W., Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. §3507.
 

Item 1. Proxy Voting Record
 
Proxy Voting Record
 
Meeting Date Range: 01-Aug-2007 To 31-Jul-2008 
Selected Accounts 

PRECISION CASTPARTS CORP. 
Security:
740189105
 
Meeting Type:
Annual
Ticker:
PCP
 
Meeting Date:
14-Aug-2007
ISIN
 
 
Vote Deadline Date:
13-Aug-2007
Agenda
932748986
Management 
 
Total Ballot Shares:
14955
Last Vote Date:
30-Jul-2007
 
 
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
PETER R. BRIDENBAUGH
 
2000
0
0
0
 
2
STEVEN G. ROTHMEIER
 
2000
0
0
0
 
3
RICK SCHMIDT
 
2000
0
0
0
 
4
DANIEL J. MURPHY
 
2000
0
0
0
2
APPROVING THE EXECUTIVE PERFORMANCE INCENTIVE PLAN
For
2000
0
0
0
 
Monday, August 04, 2008
Page 1 of 42
Proxy Voting Record
 
THE PROCTER & GAMBLE COMPANY
Security:
742718109
 
Meeting Type:
Annual
Ticker:
PG
 
Meeting Date:
09-Oct-2007
ISIN
US7427181091
 
Vote Deadline Date:
08-Oct-2007
Agenda
932766011
Management 
 
Total Ballot Shares:
76715
Last Vote Date:
06-Sep-2007 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
RAJAT K. GUPTA
 
4237
0
0
0
 
2
A.G. LAFLEY
 
4237
0
0
0
 
3
LYNN M. MARTIN
 
4237
0
0
0
 
4
JOHNATHAN A. RODGERS
 
4237
0
0
0
 
5
JOHN F. SMITH, JR.
 
4237
0
0
0
 
6
RALPH SNYDERMAN, M.D.
 
4237
0
0
0
 
7
MARGARET C. WHITMAN
 
4237
0
0
0
2
RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
For
4237
0
0
0
3
SHAREHOLDER PROPOSAL #1 - AWARD NO FUTURE STOCK OPTIONS
Against
0
4237
0
0
4
SHAREHOLDER PROPOSAL #2 - REPORT ON COMPANY POLICIES AND ACTIVITIES
Against
0
4237
0
0
5
SHAREHOLDER PROPOSAL #3 - ANIMAL TESTING
Against
0
4237
0
0
 
Monday, August 04, 2008
Page 2 of 42
Proxy Voting Record
 
ORACLE CORPORATION
Security:
68389X105
 
Meeting Type:
Annual
Ticker:
ORCL
 
Meeting Date:
02-Nov-2007
ISIN
US68389X1054
 
Vote Deadline Date:
01-Nov-2007
Agenda
932772115
Management 
 
Total Ballot Shares:
21900
Last Vote Date:
30-Oct-2007
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
JEFFREY O. HENLEY
 
10000
0
0
0
 
2
LAWRENCE J. ELLISON
 
10000
0
0
0
 
3
DONALD L. LUCAS
 
10000
0
0
0
 
4
MICHAEL J. BOSKIN
 
10000
0
0
0
 
5
JACK F. KEMP
 
10000
0
0
0
 
6
JEFFREY S. BERG
 
10000
0
0
0
 
7
SAFRA A. CATZ
 
10000
0
0
0
 
8
HECTOR GARCIA-MOLINA
 
10000
0
0
0
 
9
H. RAYMOND BINGHAM
 
10000
0
0
0
 
10
CHARLES E. PHILLIPS, JR
 
10000
0
0
0
 
11
NAOMI O. SELIGMAN
 
10000
0
0
0
2
PROPOSAL FOR THE APPROVAL OF THE ADOPTION OF THE FISCAL YEAR 2008 EXECUTIVE BONUS PLAN.
For
10000
0
0
0
3
PROPOSAL TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY FOR THE FISCAL YEAR ENDING MAY 31, 2008.
For
10000
0
0
0
4
STOCKHOLDER PROPOSAL ON THE AMENDMENT TO THE CORPORATE BYLAWS ESTABLISHING A BOARD COMMITTEE ON HUMAN RIGHTS.
Against
0
10000
0
0
5
STOCKHOLDER PROPOSAL ON AN OPEN SOURCE REPORT.
Against
0
10000
0
0
 
Monday, August 04, 2008
Page 3 of 42
Proxy Voting Record
 
MICROSOFT CORPORATION 
Security:
594918104
 
Meeting Type:
Annual
Ticker:
MSFT
 
Meeting Date:
13-Nov-2007
ISIN
US5949181045
 
Vote Deadline Date:
12-Nov-2007
Agenda
932773713
Management 
 
Total Ballot Shares:
57217
Last Vote Date:
05-Nov-2007 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: WILLIAM H. GATES, III
For
6000
0
0
0
2
ELECTION OF DIRECTOR: STEVEN A. BALLMER
For
6000
0
0
0
3
ELECTION OF DIRECTOR: JAMES I. CASH JR., PHD
For
6000
0
0
0
4
ELECTION OF DIRECTOR: DINA DUBLON
For
6000
0
0
0
5
ELECTION OF DIRECTOR: RAYMOND V. GILMARTIN
For
6000
0
0
0
6
ELECTION OF DIRECTOR: REED HASTINGS
For
6000
0
0
0
7
ELECTION OF DIRECTOR: DAVID F. MARQUARDT
For
6000
0
0
0
8
ELECTION OF DIRECTOR: CHARLES H. NOSKI
For
6000
0
0
0
9
ELECTION OF DIRECTOR: DR. HELMUT PANKE
For
6000
0
0
0
10
ELECTION OF DIRECTOR: JON A. SHIRLEY
For
6000
0
0
0
11
RATIFICATION OF THE SELECTION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITOR.
For
6000
0
0
0
12
SHAREHOLDER PROPOSAL - ADOPTION OF POLICIES ON INTERNET CENSORSHIP.
Against
0
6000
0
0
13
SHAREHOLDER PROPOSAL - ESTABLISHMENT OF BOARD COMMITTEE ON HUMAN RIGHTS.
Against
0
6000
0
0
 
Monday, August 04, 2008
Page 4 of 42
Proxy Voting Record
 
RESPIRONICS, INC.
Security:
761230101
 
Meeting Type:
Annual
Ticker:
RESP
 
Meeting Date:
13-Nov-2007
ISIN
US7612301017
 
Vote Deadline Date:
12-Nov-2007
Agenda
932781164
Management 
 
Total Ballot Shares:
6775
Last Vote Date:
05-Nov-2007 
 
 
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
 
 
 
 
 
 
 
1
DOUGLAS A. COTTER, PHD
 
5775
0
0
0
 
2
GERALD E. MCGINNIS
 
5775
0
0
0
 
3
CRAIG B. REYNOLDS
 
5775
0
0
0
 
4
CANDACE L. LITTELL
 
5775
0
0
0
2
TO RATIFY THE SELECTION OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING JUNE 30, 2008.
For
5775
0
0
0
 
Monday, August 04, 2008
Page 5 of 42
Proxy Voting Record

CISCO SYSTEMS, INC.
Security:
17275R102
 
Meeting Type:
Annual
Ticker:
CSCO
 
Meeting Date:
15-Nov-2007
ISIN
US17275R1023
 
Vote Deadline Date:
14-Nov-2007
Agenda
932774119
Management
 
 
Total Ballot Shares:
61553
Last Vote Date:
05-Nov-2007 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: CAROL A. BARTZ
For
9000
0
0
0
2
ELECTION OF DIRECTOR: M. MICHELE BURNS
For
9000
0
0
0
3
ELECTION OF DIRECTOR: MICHAEL D. CAPELLAS
For
9000
0
0
0
4
ELECTION OF DIRECTOR: LARRY R. CARTER
For
9000
0
0
0
5
ELECTION OF DIRECTOR: JOHN T. CHAMBERS
For
9000
0
0
0
6
ELECTION OF DIRECTOR: BRIAN L. HALLA
For
9000
0
0
0
7
ELECTION OF DIRECTOR: DR. JOHN L. HENNESSY
For
9000
0
0
0
8
ELECTION OF DIRECTOR: RICHARD M. KOVACEVICH
For
9000
0
0
0
9
ELECTION OF DIRECTOR: RODERICK C. MCGEARY
For
9000
0
0
0
10
ELECTION OF DIRECTOR: MICHAEL K. POWELL
For
9000
0
0
0
11
ELECTION OF DIRECTOR: STEVEN M. WEST
For
9000
0
0
0
12
ELECTION OF DIRECTOR: JERRY YANG
For
9000
0
0
0
13
TO APPROVE THE AMENDMENT AND EXTENSION OF THE 2005 STOCK INCENTIVE PLAN.
For
9000
0
0
0
14
TO APPROVE THE EXECUTIVE INCENTIVE PLAN WITH RESPECT TO CURRENT AND FUTURE COVERED EMPLOYEES AND EXECUTIVE OFFICERS.
For
9000
0
0
0
15
TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS CISCO'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING JULY 26, 2008.
For
9000
0
0
0
16
PROPOSAL SUBMITTED BY SHAREHOLDERS REQUESTING THE BOARD TO ESTABLISH A BOARD COMMITTEE ON HUMAN RIGHTS.
Against
0
9000
0
0
17
PROPOSAL SUBMITTED BY A SHAREHOLDER REQUESTING THAT THE BOARD ESTABLISH A PAY- FOR-SUPERIOR-PERFORMANCE STANDARD IN THE COMPANY'S EXECUTIVE COMPENSATION PLAN FOR SENIOR EXECUTIVES.
Against
0
9000
0
0
 
Monday, August 04, 2008
 
 
Page 6 of 42
 
Proxy Voting Record
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
18
PROPOSAL SUBMITTED BY SHAREHOLDERS REQUESTING THE BOARD TO ADOPT A POLICY THAT SHAREHOLDERS BE GIVEN THE OPPORTUNITY AT EACH ANNUAL MEETING OF SHAREHOLDERS TO VOTE ON AN ADVISORY RESOLUTION TO RATIFY THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS.
Against
0
9000
0
0
19
PROPOSAL SUBMITTED BY SHAREHOLDERS REQUESTING THE BOARD TO PUBLISH A REPORT TO SHAREHOLDERS WITHIN SIX MONTHS PROVIDING A SUMMARIZED LISTING AND ASSESSMENT OF CONCRETE STEPS CISCO COULD REASONABLY TAKE TO REDUCE THE LIKELIHOOD THAT ITS BUSINESS PRACTICES MIGHT ENABLE OR ENCOURAGE THE VIOLATION OF HUMAN RIGHTS, AS SET FORTH IN THE ACCOMPANYING PROXY STATEMENT.
Against
0
9000
0
0
 
Monday, August 04, 2008
 
Page 7 of 42
 
Proxy Voting Record
 
THE WALT DISNEY COMPANY 
Security:
254687106
 
Meeting Type:
Annual
Ticker:
DIS
 
Meeting Date:
06-Mar-2008
ISIN
US2546871060
 
Vote Deadline Date:
05-Mar-2008
Agenda
932808883
Management
 
 
Total Ballot Shares:
110168
Last Vote Date:
10-Mar-2008
 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: SUSAN E. ARNOLD
For
8000
0
0
0
2
ELECTION OF DIRECTOR: JOHN E. BRYSON
For
8000
0
0
0
3
ELECTION OF DIRECTOR: JOHN S. CHEN
For
8000
0
0
0
4
ELECTION OF DIRECTOR: JUDITH L. ESTRIN
For
8000
0
0
0
5
ELECTION OF DIRECTOR: ROBERT A. IGER
For
8000
0
0
0
6
ELECTION OF DIRECTOR: STEVEN P. JOBS
For
8000
0
0
0
7
ELECTION OF DIRECTOR: FRED H. LANGHAMMER
For
8000
0
0
0
8
ELECTION OF DIRECTOR: AYLWIN B. LEWIS
For
8000
0
0
0
9
ELECTION OF DIRECTOR: MONICA C. LOZANO
For
8000
0
0
0
10
ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT
For
8000
0
0
0
11
ELECTION OF DIRECTOR: JOHN E. PEPPER, JR.
For
8000
0
0
0
12
ELECTION OF DIRECTOR: ORIN C. SMITH
For
8000
0
0
0
13
TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S REGISTERED PUBLIC ACCOUNTANTS FOR 2008.
For
8000
0
0
0
14
TO APPROVE THE AMENDMENT TO THE AMENDED AND RESTATED 2005 STOCK INCENTIVE PLAN.
For
8000
0
0
0
15
TO APPROVE THE TERMS OF THE AMENDED AND RESTATED 2002 EXECUTIVE PERFORMANCE PLAN.
For
8000
0
0
0
 
Monday, August 04, 2008
Page 8 of 42
Proxy Voting Record
 
SCHLUMBERGER LIMITED (SCHLUMBERGER N.V.)
Security:
806857108
 
Meeting Type:
Annual
Ticker:
SLB
 
Meeting Date:
09-Apr-2008
ISIN
AN8068571086
 
Vote Deadline Date:
08-Apr-2008
Agenda
932819052
Management 
 
Total Ballot Shares:
33680
Last Vote Date:
03-Apr-2008 
 
 
  
  

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
P. CAMUS
 
2500
0
0
0
 
2
J.S. GORELICK
 
2500
0
0
0
 
3
A. GOULD
 
2500
0
0
0
 
4
T. ISAAC
 
2500
0
0
0
 
5
N. KUDRYAVTSEV
 
2500
0
0
0
 
6
A. LAJOUS
 
2500
0
0
0
 
7
M.E. MARKS
 
2500
0
0
0
 
8
D. PRIMAT
 
2500
0
0
0
 
9
L.R. REIF
 
2500
0
0
0
 
10
T.I. SANDVOLD
 
2500
0
0
0
 
11
N. SEYDOUX
 
2500
0
0
0
 
12
L.G. STUNTZ
 
2500
0
0
0
2
ADOPTION AND APPROVAL OF FINANCIALS AND DIVIDENDS
For
2500
0
0
0
3
APPROVAL OF ADOPTION OF THE SCHLUMBERGER 2008 STOCK INCENTIVE PLAN
For
2500
0
0
0
4
APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
For
2500
0
0
0
 
Monday, August 04, 2008
Page 9 of 42
Proxy Voting Record
 
THE GOLDMAN SACHS GROUP, INC. 
Security:
38141G104
 
Meeting Type:
Annual
Ticker:
GS
 
Meeting Date:
10-Apr-2008
ISIN
US38141G1040
 
Vote Deadline Date:
09-Apr-2008
Agenda
932820358
Management 
 
Total Ballot Shares:
3210
Last Vote Date:
03-Apr-2008 
 
 
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF LLOYD C. BLANKFEIN TO THE BOARD OF DIRECTORS
For
1200
0
0
0
2
ELECTION OF JOHN H. BRYAN TO THE BOARD OF DIRECTORS
For
1200
0
0
0
3
ELECTION OF GARY D. COHN TO THE BOARD OF DIRECTORS
For
1200
0
0
0
4
ELECTION OF CLAES DAHLBACK TO THE BOARD OF DIRECTORS
For
1200
0
0
0
5
ELECTION OF STEPHEN FRIEDMAN TO THE BOARD OF DIRECTORS
For
1200
0
0
0
6
ELECTION OF WILLIAM W. GEORGE TO THE BOARD OF DIRECTORS
For
1200
0
0
0
7
ELECTION OF RAJAT K. GUPTA TO THE BOARD OF DIRECTORS
For
1200
0
0
0
8
ELECTION OF JAMES A. JOHNSON TO THE BOARD OF DIRECTORS
For
1200
0
0
0
9
ELECTION OF LOIS D. JULIBER TO THE BOARD OF DIRECTORS
For
1200
0
0
0
10
ELECTION OF EDWARD M. LIDDY TO THE BOARD OF DIRECTORS
For
1200
0
0
0
11
ELECTION OF RUTH J. SIMMONS TO THE BOARD OF DIRECTORS
For
1200
0
0
0
12
ELECTION OF JON WINKELRIED TO THE BOARD OF DIRECTORS
For
1200
0
0
0
13
RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS OUR INDEPENDENT AUDITORS FOR OUR 2008 FISCAL YEAR
For
1200
0
0
0
14
SHAREHOLDER PROPOSAL REGARDING STOCK OPTIONS
Against
0
1200
0
0
15
SHAREHOLDER PROPOSAL REGARDING AN ADVISORY VOTE ON EXECUTIVE COMPENSATION
Against
0
1200
0
0
 
Monday, August 04, 2008
Page 10 of 42
Proxy Voting Record
 
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
16
SHAREHOLDER PROPOSAL REQUESTING A SUSTAINABILITY REPORT
Against
0
1200
0
0
 
Monday, August 04, 2008
Page 11 of 42
Proxy Voting Record
 
AMETEK, INC. 
Security:
031100100
 
Meeting Type:
Annual
Ticker:
AME
 
Meeting Date:
22-Apr-2008
ISIN
US0311001004
 
Vote Deadline Date:
21-Apr-2008
Agenda
932826968
Management 
 
Total Ballot Shares:
30898
Last Vote Date:
24-Apr-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
SHELDON S. GORDON
 
7000
0
0
0
 
2
FRANK S. HERMANCE
 
7000
0
0
0
 
3
DAVID P. STEINMANN
 
7000
0
0
0
2
PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR 2008.
For
7000
0
0
0
 
Monday, August 04, 2008
Page 12 of 42
Proxy Voting Record
 
METLIFE, INC.
 
 
 
Security:
59156R108
 
Meeting Type:
Annual
Ticker:
MET
 
Meeting Date:
22-Apr-2008
ISIN
US59156R1086
 
Vote Deadline Date:
21-Apr-2008
Agenda
932829558
Management 
 
Total Ballot Shares:
67362
Last Vote Date:
24-Apr-2008 
 
 
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
SYLVIA MATHEWS BURWELL
 
4500
0
0
0
 
2
EDUARDO CASTRO-WRIGHT
 
4500
0
0
0
 
3
CHERYL W. GRISE
 
4500
0
0
0
 
4
WILLIAM C. STEERE, JR.
 
4500
0
0
0
 
5
LULU C. WANG
 
4500
0
0
0
2
RATIFICATION OF THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITOR FOR 2008
For
4500
0
0
0
 
Monday, August 04, 2008
Page 13 of 42
Proxy Voting Record
 
PRAXAIR, INC.
Security:
74005P104
 
Meeting Type:
Annual
Ticker:
PX
 
Meeting Date:
22-Apr-2008
ISIN
US74005P1049
 
Vote Deadline Date:
21-Apr-2008
Agenda
932828443
Management 
 
Total Ballot Shares:
39921
Last Vote Date:
24-Apr-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
 
 
 
 
 
1
NANCE K. DICCIANI
 
3500
0
0
0
 
2
EDWARD G. GALANTE
 
3500
0
0
0
 
3
IRA D. HALL
 
3500
0
0
0
 
4
RAYMOND W. LEBOEUF
 
3500
0
0
0
 
5
LARRY D. MCVAY
 
3500
0
0
0
 
6
WAYNE T. SMITH
 
3500
0
0
0
 
7
H. MITCHELL WATSON, JR.
 
3500
0
0
0
 
8
ROBERT L. WOOD
 
3500
0
0
0
2
PROPOSAL TO AMEND THE CERTIFICATE OF INCORPORATION REGARDING THE ELECTION OF DIRECTORS BY MAJORITY VOTE.
For
3500
0
0
0
3
PROPOSAL TO RATIFY THE APPOINTMENT OF THE INDEPENDENT AUDITOR.
For
3500
0
0
0
 
Monday, August 04, 2008
Page 14 of 42
Proxy Voting Record
 
BANK OF AMERICA CORPORATION
Security:
060505104
 
Meeting Type:
Annual
Ticker:
BAC
 
Meeting Date:
23-Apr-2008
ISIN
US0605051046
 
Vote Deadline Date:
22-Apr-2008
Agenda
932828253
Management 
 
Total Ballot Shares:
91186
Last Vote Date:
24-Apr-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: WILLIAM BARNET, III
For
6500
0
0
0
2
ELECTION OF DIRECTOR: FRANK P. BRAMBLE, SR.
For
6500
0
0
0
3
ELECTION OF DIRECTOR: JOHN T. COLLINS
For
6500
0
0
0
4
ELECTION OF DIRECTOR: GARY L. COUNTRYMAN
For
6500
0
0
0
5
ELECTION OF DIRECTOR: TOMMY R. FRANKS
For
6500
0
0
0
6
ELECTION OF DIRECTOR: CHARLES K. GIFFORD
For
6500
0
0
0
7
ELECTION OF DIRECTOR: KENNETH D. LEWIS
For
6500
0
0
0
8
ELECTION OF DIRECTOR: MONICA C. LOZANO
For
6500
0
0
0
9
ELECTION OF DIRECTOR: WALTER E. MASSEY
For
6500
0
0
0
10
ELECTION OF DIRECTOR: THOMAS J. MAY
For
6500
0
0
0
11
ELECTION OF DIRECTOR: PATRICIA E. MITCHELL
For
6500
0
0
0
12
ELECTION OF DIRECTOR: THOMAS M. RYAN
For
6500
0
0
0
13
ELECTION OF DIRECTOR: O. TEMPLE SLOAN, JR.
For
6500
0
0
0
14
ELECTION OF DIRECTOR: MEREDITH R. SPANGLER
For
6500
0
0
0
15
ELECTION OF DIRECTOR: ROBERT L. TILLMAN
For
6500
0
0
0
16
ELECTION OF DIRECTOR: JACKIE M. WARD
For
6500
0
0
0
17
RATIFICATION OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008
For
6500
0
0
0
18
STOCKHOLDER PROPOSAL - STOCK OPTIONS
Against
0
6500
0
0
19
STOCKHOLDER PROPOSAL - ADVISORY VOTE ON EXEC COMP
Against
0
6500
0
0
20
STOCKHOLDER PROPOSAL - DETERMINATION OF CEO COMP
Against
0
6500
0
0
21
STOCKHOLDER PROPOSAL - CUMULATIVE VOTING
Against
0
6500
0
0
22
STOCKHOLDER PROPOSAL - INDEPENDENT BOARD CHAIRMAN
Against
0
6500
0
0
 
Monday, August 04, 2008
Page 15 of 42
Proxy Voting Record
 
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
23
STOCKHOLDER PROPOSAL - SPECIAL SHAREHOLDER MEETINGS
Against
0
6500
0
0
24
STOCKHOLDER PROPOSAL - EQUATOR PRINCIPLES
Against
0
6500
0
0
25
STOCKHOLDER PROPOSAL - HUMAN RIGHTS
Against
0
6500
0
0
 
Monday, August 04, 2008
Page 16 of 42
Proxy Voting Record
 
GENERAL ELECTRIC COMPANY
Security:
369604103
 
Meeting Type:
Annual
Ticker:
GE
 
Meeting Date:
23-Apr-2008
ISIN
US3696041033
 
Vote Deadline Date:
22-Apr-2008
Agenda
932823481
Management 
 
Total Ballot Shares:
56825
Last Vote Date:
24-Apr-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: JAMES I. CASH, JR.
For
8850
0
0
0
2
ELECTION OF DIRECTOR: SIR WILLIAM M. CASTELL
For
8850
0
0
0
3
ELECTION OF DIRECTOR: ANN M. FUDGE
For
8850
0
0
0
4
ELECTION OF DIRECTOR: CLAUDIO X. GONZALEZ
For
8850
0
0
0
5
ELECTION OF DIRECTOR: SUSAN HOCKFIELD
For
8850
0
0
0
6
ELECTION OF DIRECTOR: JEFFREY R. IMMELT
For
8850
0
0
0
7
ELECTION OF DIRECTOR: ANDREA JUNG
For
8850
0
0
0
8
ELECTION OF DIRECTOR: ALAN G. (A.G.) LAFLEY
For
8850
0
0
0
9
ELECTION OF DIRECTOR: ROBERT W. LANE
For
8850
0
0
0
10
ELECTION OF DIRECTOR: RALPH S. LARSEN
For
8850
0
0
0
11
ELECTION OF DIRECTOR: ROCHELLE B. LAZARUS
For
8850
0
0
0
12
ELECTION OF DIRECTOR: JAMES J. MULVA
For
8850
0
0
0
13
ELECTION OF DIRECTOR: SAM NUNN
For
8850
0
0
0
14
ELECTION OF DIRECTOR: ROGER S. PENSKE
For
8850
0
0
0
15
ELECTION OF DIRECTOR: ROBERT J. SWIERINGA
For
8850
0
0
0
16
ELECTION OF DIRECTOR: DOUGLAS A. WARNER III
For
8850
0
0
0
17
RATIFICATION OF KPMG
For
8850
0
0
0
18
CUMULATIVE VOTING
Against
0
8850
0
0
19
SEPARATE THE ROLES OF CEO AND CHAIRMAN
Against
0
8850
0
0
20
RECOUP UNEARNED MANAGEMENT BONUSES
Against
0
8850
0
0
21
CURB OVER-EXTENDED DIRECTORS
Against
0
8850
0
0
22
REPORT ON CHARITABLE CONTRIBUTIONS
Against
0
8850
0
0
23
GLOBAL WARMING REPORT
Against
0
8850
0
0
24
ADVISORY VOTE ON EXECUTIVE COMPENSATION
Against
0
8850
0
0
 
Monday, August 04, 2008
Page 17 of 42
Proxy Voting Record
 
MEMC ELECTRONIC MATERIALS, INC.
Security:
552715104
 
Meeting Type:
Annual
Ticker:
WFR
 
Meeting Date:
23-Apr-2008
ISIN
US5527151048
 
Vote Deadline Date:
22-Apr-2008
Agenda
932828556
Management 
 
Total Ballot Shares:
21105
Last Vote Date:
24-Apr-2008
 
 
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
 
 
 
1
PETER BLACKMORE
 
3000
0
0
0
 
2
NABEEL GAREEB
 
3000
0
0
0
 
3
MARSHALL TURNER
 
3000
0
0
0
2
RATIFICATION OF SELECTION OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2008.
For
3000
0
0
0
 
Monday, August 04, 2008
Page 18 of 42
Proxy Voting Record
 
AT&T INC.
Security:
00206R102
 
Meeting Type:
Annual
Ticker:
T
 
Meeting Date:
25-Apr-2008
ISIN
US00206R1023
 
Vote Deadline Date:
24-Apr-2008
Agenda
932822578
Management 
 
Total Ballot Shares:
62605
Last Vote Date:
24-Apr-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: RANDALL L. STEPHENSON
For
8000
0
0
0
2
ELECTION OF DIRECTOR: WILLIAM F. ALDINGER III
For
8000
0
0
0
3
ELECTION OF DIRECTOR: GILBERT F. AMELIO
For
8000
0
0
0
4
ELECTION OF DIRECTOR: REUBEN V. ANDERSON
For
8000
0
0
0
5
ELECTION OF DIRECTOR: JAMES H. BLANCHARD
For
8000
0
0
0
6
ELECTION OF DIRECTOR: AUGUST A. BUSCH III
For
8000
0
0
0
7
ELECTION OF DIRECTOR: JAMES P. KELLY
For
8000
0
0
0
8
ELECTION OF DIRECTOR: JON C. MADONNA
For
8000
0
0
0
9
ELECTION OF DIRECTOR: LYNN M. MARTIN
For
8000
0
0
0
10
ELECTION OF DIRECTOR: JOHN B. MCCOY
For
8000
0
0
0
11
ELECTION OF DIRECTOR: MARY S. METZ
For
8000
0
0
0
12
ELECTION OF DIRECTOR: JOYCE M. ROCHE
For
8000
0
0
0
13
ELECTION OF DIRECTOR: LAURA D'ANDREA TYSON
For
8000
0
0
0
14
ELECTION OF DIRECTOR: PATRICIA P. UPTON
For
8000
0
0
0
15
RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS.
For
8000
0
0
0
16
REPORT ON POLITICAL CONTRIBUTIONS.
Against
0
8000
0
0
17
PENSION CREDIT POLICY.
Against
0
8000
0
0
18
LEAD INDEPENDENT DIRECTOR BYLAW.
Against
0
8000
0
0
19
SERP POLICY
Against
0
8000
0
0
20
ADVISORY VOTE ON COMPENSATION
Against
0
8000
0
0
 
Monday, August 04, 2008
Page 19 of 42
Proxy Voting Record
 
KELLOGG COMPANY
Security:
487836108
 
Meeting Type:
Annual
Ticker:
K
 
Meeting Date:
25-Apr-2008
ISIN
US4878361082
 
Vote Deadline Date:
24-Apr-2008
Agenda
932822629
Management 
 
Total Ballot Shares:
6690
Last Vote Date:
24-Apr-2008
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
 
 
 
 
 
1
DAVID MACKAY
 
5750
0
0
0
 
2
STERLING SPEIRN
 
5750
0
0
0
 
3
JOHN ZABRISKIE
 
5750
0
0
0
2
RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008
For
5750
0
0
0
3
SHAREOWNER PROPOSAL TO ENACT A MAJORITY VOTE REQUIREMENT
Against
0
5750
0
0
 
Monday, August 04, 2008
Page 20 of 42
Proxy Voting Record
 
HONEYWELL INTERNATIONAL INC. 
Security:
438516106
 
Meeting Type:
Annual
Ticker:
HON
 
Meeting Date:
28-Apr-2008
ISIN
US4385161066
 
Vote Deadline Date:
25-Apr-2008
Agenda
932823253
Management
 
Total Ballot Shares:
15480
Last Vote Date:
24-Apr-2008
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: GORDON M. BETHUNE
For
4025
0
0
0
2
ELECTION OF DIRECTOR: JAIME CHICO PARDO
For
4025
0
0
0
3
ELECTION OF DIRECTOR: DAVID M. COTE
For
4025
0
0
0
4
ELECTION OF DIRECTOR: D. SCOTT DAVIS
For
4025
0
0
0
5
ELECTION OF DIRECTOR: LINNET F. DEILY
For
4025
0
0
0
6
ELECTION OF DIRECTOR: CLIVE R. HOLLICK
For
4025
0
0
0
7
ELECTION OF DIRECTOR: BRADLEY T. SHEARES
For
4025
0
0
0
8
ELECTION OF DIRECTOR: ERIC K. SHINSEKI
For
4025
0
0
0
9
ELECTION OF DIRECTOR: JOHN R. STAFFORD
For
4025
0
0
0
10
ELECTION OF DIRECTOR: MICHAEL W. WRIGHT
For
4025
0
0
0
11
APPROVAL OF INDEPENDENT ACCOUNTANTS
For
4025
0
0
0
12
AMENDMENT TO THE RESTATED CERTIFICATE OF INCORPORATION - RIGHT TO CALL A SPECIAL MEETING OF SHAREOWNERS
For
4025
0
0
0
13
PAY-FOR-SUPERIOR-PERFORMANCE PRINCIPLE
Against
0
4025
0
0
 
Monday, August 04, 2008
Page 21 of 42
Proxy Voting Record
 
WELLS FARGO & COMPANY
Security:
949746101
 
Meeting Type:
Annual
Ticker:
WFC
 
Meeting Date:
29-Apr-2008
ISIN
US9497461015
 
Vote Deadline Date:
28-Apr-2008
Agenda
932823897
Management 
 
Total Ballot Shares:
83352
Last Vote Date:
24-Apr-2008 
 
   
  

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: JOHN S. CHEN
For
8000
0
0
0
2
ELECTION OF DIRECTOR: LLOYD H. DEAN
For
8000
0
0
0
3
ELECTION OF DIRECTOR: SUSAN E. ENGEL
For
8000
0
0
0
4
ELECTION OF DIRECTOR: ENRIQUE HERNANDEZ, JR.
For
8000
0
0
0
5
ELECTION OF DIRECTOR: ROBERT L. JOSS
For
8000
0
0
0
6
ELECTION OF DIRECTOR: RICHARD M. KOVACEVICH
For
8000
0
0
0
7
ELECTION OF DIRECTOR: RICHARD D. MCCORMICK
For
8000
0
0
0
8
ELECTION OF DIRECTOR: CYNTHIA H. MILLIGAN
For
8000
0
0
0
9
ELECTION OF DIRECTOR: NICHOLAS G. MOORE
For
8000
0
0
0
10
ELECTION OF DIRECTOR: PHILIP J. QUIGLEY
For
8000
0
0
0
11
ELECTION OF DIRECTOR: DONALD B. RICE
For
8000
0
0
0
12
ELECTION OF DIRECTOR: JUDITH M. RUNSTAD
For
8000
0
0
0
13
ELECTION OF DIRECTOR: STEPHEN W. SANGER
For
8000
0
0
0
14
ELECTION OF DIRECTOR: JOHN G. STUMPF
For
8000
0
0
0
15
ELECTION OF DIRECTOR: SUSAN G. SWENSON
For
8000
0
0
0
16
ELECTION OF DIRECTOR: MICHAEL W. WRIGHT
For
8000
0
0
0
17
PROPOSAL TO RATIFY APPOINTMENT OF KPMG LLP AS INDEPENDENT AUDITORS FOR 2008.
For
8000
0
0
0
18
PROPOSAL TO APPROVE THE PERFORMANCE-BASED COMPENSATION POLICY.
For
8000
0
0
0
19
PROPOSAL TO APPROVE THE AMENDED AND RESTATED LONG-TERM INCENTIVE COMPENSATION PLAN.
For
8000
0
0
0
20
PROPOSAL REGARDING A BY-LAWS AMENDMENT TO REQUIRE AN INDEPENDENT CHAIRMAN.
Against
0
8000
0
0
21
PROPOSAL REGARDING AN EXECUTIVE COMPENSATION ADVISORY VOTE.
Against
0
8000
0
0
 
Monday, August 04, 2008
Page 22 of 42
Proxy Voting Record
 
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
22
PROPOSAL REGARDING A "PAY-FOR-SUPERIOR- PERFORMANCE" COMPENSATION PLAN.
Against
0
8000
0
0
23
PROPOSAL REGARDING HUMAN RIGHTS ISSUES IN INVESTMENT POLICIES.
Against
0
8000
0
0
24
PROPOSAL REGARDING A NEUTRAL SEXUAL ORIENTATION EMPLOYMENT POLICY.
Against
0
8000
0
0
25
PROPOSAL REGARDING A REPORT ON RACIAL DISPARITIES IN MORTGAGE LENDING.
Against
0
8000
0
0
 
Monday, August 04, 2008
Page 23 of 42
Proxy Voting Record
 
ECOLAB INC.
Security:
278865100
 
Meeting Type:
Annual
Ticker:
ECL
 
Meeting Date:
02-May-2008
ISIN
US2788651006
 
Vote Deadline Date:
01-May-2008
Agenda
932832492
Management 
 
Total Ballot Shares:
80200
Last Vote Date:
29-Apr-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF CLASS I DIRECTOR: DOUGLAS M. BAKER, JR.
For
5950
0
0
0
2
ELECTION OF CLASS I DIRECTOR: BARBARA J. BECK
For
5950
0
0
0
3
ELECTION OF CLASS I DIRECTOR: STEFAN HAMELMANN
For
5950
0
0
0
4
ELECTION OF CLASS I DIRECTOR: JERRY W. LEVIN
For
5950
0
0
0
5
ELECTION OF CLASS I DIRECTOR: ROBERT L. LUMPKINS
For
5950
0
0
0
6
RATIFY APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.
For
5950
0
0
0
7
STOCKHOLDER PROPOSAL TO ELIMINATE CLASSIFICATION OF TERMS OF THE BOARD OF DIRECTORS.
Against
0
5950
0
0
 
Monday, August 04, 2008
Page 24 of 42
Proxy Voting Record
 
AGRIUM INC.
Security:
008916108
 
Meeting Type:
Annual
Ticker:
AGU
 
Meeting Date:
07-May-2008
ISIN
CA0089161081
 
Vote Deadline Date:
02-May-2008
Agenda
932843712
Management 
 
Total Ballot Shares:
43425
Last Vote Date:
29-Apr-2008
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
RALPH S. CUNNINGHAM
 
4300
0
0
0
 
2
D. GRANT DEVINE
 
4300
0
0
0
 
3
GERMAINE GIBARA
 
4300
0
0
0
 
4
RUSSELL K. GIRLING
 
4300
0
0
0
 
5
SUSAN A. HENRY
 
4300
0
0
0
 
6
RUSSELL J. HORNER
 
4300
0
0
0
 
7
A. ANNE MCLELLAN
 
4300
0
0
0
 
8
DEREK G. PANNELL
 
4300
0
0
0
 
9
FRANK W. PROTO
 
4300
0
0
0
 
10
MICHAEL M. WILSON
 
4300
0
0
0
 
11
VICTOR J. ZALESCHUK
 
4300
0
0
0
2
THE APPOINTMENT OF KPMG LLP, CHARTERED ACCOUNTANTS, AS AUDITORS OF THE CORPORATION.
For
4300
0
0
0
 
Monday, August 04, 2008
Page 25 of 42
Proxy Voting Record
 
PEPSICO, INC. 
Security:
713448108
 
Meeting Type:
Annual
Ticker:
PEP
 
Meeting Date:
07-May-2008
ISIN
US7134481081
 
Vote Deadline Date:
06-May-2008
Agenda
932832125
Management 
 
Total Ballot Shares:
57272
Last Vote Date:
01-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: I.M. COOK
For
4000
0
0
0
2
ELECTION OF DIRECTOR: D. DUBLON
For
4000
0
0
0
3
ELECTION OF DIRECTOR: V.J. DZAU
For
4000
0
0
0
4
ELECTION OF DIRECTOR: R.L. HUNT
For
4000
0
0
0
5
ELECTION OF DIRECTOR: A. IBARGUEN
For
4000
0
0
0
6
ELECTION OF DIRECTOR: A.C. MARTINEZ
For
4000
0
0
0
7
ELECTION OF DIRECTOR: I.K. NOOYI
For
4000
0
0
0
8
ELECTION OF DIRECTOR: S.P. ROCKEFELLER
For
4000
0
0
0
9
ELECTION OF DIRECTOR: J.J. SCHIRO
For
4000
0
0
0
10
ELECTION OF DIRECTOR: L.G. TROTTER
For
4000
0
0
0
11
ELECTION OF DIRECTOR: D. VASELLA
For
4000
0
0
0
12
ELECTION OF DIRECTOR: M.D. WHITE
For
4000
0
0
0
13
APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS
For
4000
0
0
0
14
SHAREHOLDER PROPOSAL - BEVERAGE CONTAINER RECYCLING REPORT (PROXY STATEMENT P. 43)
Against
0
4000
0
0
15
SHAREHOLDER PROPOSAL - GENETICALLY ENGINEERED PRODUCTS REPORT (PROXY STATEMENT P. 45)
Against
0
4000
0
0
16
SHAREHOLDER PROPOSAL - RIGHT TO WATER POLICY (PROXY STATEMENT P. 46)
Against
0
4000
0
0
17
SHAREHOLDER PROPOSAL - GLOBAL WARMING REPORT (PROXY STATEMENT P. 48)
Against
0
4000
0
0
18
SHAREHOLDER PROPOSAL - ADVISORY VOTE ON COMPENSATION (PROXY STATEMENT P. 49)
Against
0
4000
0
0
 
Monday, August 04, 2008
Page 26 of 42
Proxy Voting Record
 
VEOLIA ENVIRONNEMENT
Security:
92334N103
 
Meeting Type:
Annual
Ticker:
VE
 
Meeting Date:
07-May-2008
ISIN
US92334N1037
 
Vote Deadline Date:
29-Apr-2008
Agenda
932875353
Management
 
Total Ballot Shares:
36599
Last Vote Date:
29-Apr-2008
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
FIRST RESOLUTION APPROVAL OF THE REPORTS AND PARENT COMPANY FINANCIAL STATEMENTS FOR THE 2007 FINANCIAL YEAR
For
3500
0
0
0
2
SECOND RESOLUTION APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2007 FINANCIAL YEAR
For
3500
0
0
0
3
THIRD RESOLUTION APPROVAL OF THE EXPENSES AND CHARGES REFERRED TO IN ARTICLE 39-4 OF THE CODE GENERAL DES IMPORTS
For
3500
0
0
0
4
FOURTH RESOLUTION ALLOCATION OF INCOME AND DATE OF PAYMENT OF DIVIDENDS
For
3500
0
0
0
5
FIFTH RESOLUTION APPROVAL OF REGULATED AGREEMENTS AND UNDERTAKINGS
For
3500
0
0
0
6
SIXTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO TRADE IN THE COMPANY'S OWN SHARES
For
3500
0
0
0
7
SEVENTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL BY ISSUING SHARES AND/OR NEGOTIABLE SECURITIES CONVERTIBLE INTO THE COMPANY'S SHARES IMMEDIATELY OR IN THE FUTURE AND/OR NEGOTIABLE SECURITIES CARRYING A RIGHT TO THE ALLOCATION OF DEBT SECURITIES - WHILE MAINTAINING PREFERENTIAL SUBSCRIPTION RIGHTS
For
3500
0
0
0
8
EIGHTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL BY ISSUING SHARES AND/OR NEGOTIABLE SECURITIES CONVERTIBLE INTO THE COMPANY'S SHARES AND/OR NEGOTIABLE SECURITIES CARRYING A RIGHT TO THE ALLOCATION OF DEBT SECURITIES - WHILE CANCELLING PREFERENTIAL SUBSCRIPTION RIGHTS
For
3500
0
0
0
 
Monday, August 04, 2008
Page 27 of 42
Proxy Voting Record
 
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
9
NINTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO ISSUE SHARES OR NEGOTIABLE SECURITIES CONVERTIBLE INTO SHARES WITHOUT PREFERENTIAL SUBSCRIPTION RIGHTS TO PAY FOR CAPITAL CONTRIBUTIONS IN KIND CONSISTING OF CAPITAL SECURITIES OR NEGOTIABLE SECURITIES CONVERTIBLE INTO SHARES
For
3500
0
0
0
10
TENTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL BY THE CAPITALIZATION OF PREMIUMS, RESERVES, PROFITS OR OTHERWISE
For
3500
0
0
0
11
ELEVENTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO INCREASE THE NUMBER OF SHARES TO BE ISSUED IN THE EVENT OF A CAPITAL INCREASE WITH OR WITHOUT PREFERENTIAL SUBSCRIPTION RIGHTS
For
3500
0
0
0
12
TWELFTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL BY ISSUING SHARES OR NEGOTIABLE SECURITIES CONVERTIBLE INTO SHARES, RESERVED FOR MEMBERS OF EMPLOYEE SAVINGS PLANS, WHILE CANCELLING SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS IN FAVOR OF SUCH MEMBERS
For
3500
0
0
0
13
THIRTEENTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO INCREASE THE SHARE CAPITAL, WHILE CANCELLING SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS IN FAVOR OF A CATEGORY OF BENEFICIARIES
For
3500
0
0
0
14
FOURTEENTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO GRANT OPTIONS TO SUBSCRIBE OR PURCHASE SHARES
For
3500
0
0
0
15
FIFTEENTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO REDUCE THE SHARE CAPITAL BY THE CANCELLATION OF TREASURY SHARES
For
3500
0
0
0
16
SIXTEENTH RESOLUTION AUTHORIZATION FOR THE BOARD OF DIRECTORS TO DECIDE, DURING THE PERIOD OF A TAKEOVER BID, TO ISSUE WARRANTS WITH PREFERENTIAL RIGHTS TO SUBSCRIBE THE COMPANY'S SHARES, INCLUDING THEIR FREE ALLOCATION TO ALL THE COMPANY'S SHAREHOLDERS
For
3500
0
0
0
 
Monday, August 04, 2008
Page 28 of 42
Proxy Voting Record
 
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
17
SEVENTEENTH RESOLUTION AMENDMENT TO THE ARTICLES OF ASSOCIATION
For
3500
0
0
0
18
EIGHTEENTH RESOLUTION AMENDMENT OF THE ARTICLES OF ASSOCIATION
For
3500
0
0
0
19
NINETEENTH RESOLUTION AMENDMENT OF THE ARTICLES OF ASSOCIATION
For
3500
0
0
0
20
TWENTIETH RESOLUTION AMENDMENT OF THE ARTICLES OF ASSOCIATION
For
3500
0
0
0
21
TWENTY-FIRST AMENDMENT OF THE ARTICLES OF ASSOCIATION
For
3500
0
0
0
22
TWENTY-SECOND POWERS TO CARRY OUT FORMALITIES
For
3500
0
0
0
 
Monday, August 04, 2008
Page 29 of 42
Proxy Voting Record
 
NOKIA CORPORATION
Security:
654902204
 
Meeting Type:
Annual
Ticker:
NOK
 
Meeting Date:
08-May-2008
ISIN
US6549022043
 
Vote Deadline Date:
18-Apr-2008
Agenda
932829825
Management
 
Total Ballot Shares:
73338
Last Vote Date:
14-Apr-2008
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
APPROVAL OF THE ANNUAL ACCOUNTS.
For
8000
0
0
0
2
APPROVAL OF THE DISTRIBUTION OF THE PROFIT FOR THE YEAR, PAYMENT OF DIVIDEND.
For
8000
0
0
0
3
APPROVAL OF THE DISCHARGE OF THE CHAIRMAN, THE MEMBERS OF THE BOARD OF DIRECTORS, AND THE PRESIDENT, FROM LIABILITY.
For
8000
0
0
0
4
APPROVAL OF THE REMUNERATION TO THE MEMBERS OF THE BOARD OF DIRECTORS.
For
8000
0
0
0
5
APPROVAL OF THE NUMBER OF THE MEMBERS OF THE BOARD OF DIRECTORS.
For
8000
0
0
0
6
DIRECTOR
For
  
 
  
 
 
1
GEORG EHRNROOTH
 
8000
0
0
0
 
2
LALITA D. GUPTE
 
8000
0
0
0
 
3
BENGT HOLMSTROM
 
8000
0
0
0
 
4
HENNING KAGERMANN
 
8000
0
0
0
 
5
OLLI-PEKKA KALLASVUO
 
8000
0
0
0
 
6
PER KARLSSON
 
8000
0
0
0
 
7
JORMA OLLILA
 
8000
0
0
0
 
8
MARJORIE SCARDINO
 
8000
0
0
0
 
9
RISTO SIILASMAA
 
8000
0
0
0
 
10
KEIJO SUILA
 
8000
0
0
0
7
APPROVAL OF THE AUDITOR REMUNERATION.
For
8000
0
0
0
8
APPROVAL OF THE RE-ELECTION OF PRICEWATERHOUSECOOPERS OY AS THE AUDITORS FOR FISCAL YEAR 2008.
For
8000
0
0
0
9
APPROVAL OF THE AUTHORIZATION TO THE BOARD OF DIRECTORS TO RESOLVE TO REPURCHASE NOKIA SHARES.
For
8000
0
0
0
 
Monday, August 04, 2008
Page 30 of 42
Proxy Voting Record
 
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
10
MARK THE "FOR" BOX IF YOU WISH TO INSTRUCT NOKIA'S LEGAL COUNSELS TO VOTE IN THEIR DISCRETION ON YOUR BEHALF ONLY UPON ITEM 11.
None
0
0
0
8000
 
Monday, August 04, 2008
Page 31 of 42
Proxy Voting Record
 
MCDERMOTT INTERNATIONAL, INC.
Security:
580037109
 
Meeting Type:
Annual
Ticker:
MDR
 
Meeting Date:
09-May-2008
ISIN
PA5800371096
 
Vote Deadline Date:
08-May-2008
Agenda
932853814
Management
 
Total Ballot Shares:
26330
Last Vote Date:
13-May-2008
 
 
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
 
 
 
 
 
1
ROGER A. BROWN
 
3525
0
0
0
 
2
OLIVER D. KINGSLEY, JR.
 
3525
0
0
0
 
3
BRUCE W. WILKINSON
 
3525
0
0
0
2
APPROVE AMENDMENT TO ARTICLES OF INCORPORATION TO CHANGE THE PERIOD WITHIN WHICH OUR BOARD OF DIRECTORS MAY SET A RECORD DATE OF A MEETING OF STOCKHOLDERS.
For
3525
0
0
0
3
RATIFICATION OF APPOINTMENT OF MCDERMOTT'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2008.
For
3525
0
0
0
 
Monday, August 04, 2008
Page 32 of 42
Proxy Voting Record
 
SMITH INTERNATIONAL, INC. 
Security:
832110100
 
Meeting Type:
Annual
Ticker:
SII
 
Meeting Date:
13-May-2008
ISIN
US8321101003
 
Vote Deadline Date:
12-May-2008
Agenda
932865112
Management
 
Total Ballot Shares:
7540
Last Vote Date:
13-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
 
 
 
1
LOREN K. CARROLL
 
3650
0
0
0
 
2
DOD A. FRASER
 
3650
0
0
0
2
APPROVAL OF THIRD AMENDED AND RESTATED 1989 LONG-TERM INCENTIVE COMPENSATION PLAN
For
3650
0
0
0
3
APPROVAL OF AMENDMENT TO RESTATED CERTIFICATE OF INCORPORATION
For
3650
0
0
0
4
RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
For
3650
0
0
0
 
Monday, August 04, 2008
Page 33 of 42
Proxy Voting Record
 
ANSYS, INC.
Security:
03662Q105
 
Meeting Type:
Annual
Ticker:
ANSS
 
Meeting Date:
14-May-2008
ISIN
US03662Q1058
 
Vote Deadline Date:
13-May-2008
Agenda
932847633
Management 
 
Total Ballot Shares:
43950
Last Vote Date:
13-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
 
 
 
 
 
1
JAMES E. CASHMAN 2011
 
6000
0
0
0
 
2
W.R. MCDERMOTT 2011
 
6000
0
0
0
 
3
JOHN F. SMITH 2011
 
6000
0
0
0
2
RATIFY SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.
For
6000
0
0
0
 
Monday, August 04, 2008
Page 34 of 42
Proxy Voting Record
 
HENRY SCHEIN, INC.
Security:
806407102
 
Meeting Type:
Annual
Ticker:
HSIC
 
Meeting Date:
14-May-2008
ISIN
US8064071025
 
Vote Deadline Date:
13-May-2008
Agenda
932849562
Management 
 
Total Ballot Shares:
43022
Last Vote Date:
14-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
STANLEY M. BERGMAN
 
4500
0
0
0
 
2
GERALD A. BENJAMIN
 
4500
0
0
0
 
3
JAMES P. BRESLAWSKI
 
4500
0
0
0
 
4
MARK E. MLOTEK
 
4500
0
0
0
 
5
STEVEN PALADINO
 
4500
0
0
0
 
6
BARRY J. ALPERIN
 
4500
0
0
0
 
7
PAUL BRONS
 
4500
0
0
0
 
8
M.A. HAMBURG, M.D.
 
4500
0
0
0
 
9
DONALD J. KABAT
 
4500
0
0
0
 
10
PHILIP A. LASKAWY
 
4500
0
0
0
 
11
KARYN MASHIMA
 
4500
0
0
0
 
12
NORMAN S. MATTHEWS
 
4500
0
0
0
 
13
LOUIS W. SULLIVAN, M.D.
 
4500
0
0
0
2
PROPOSAL TO RATIFY THE SELECTION OF BDO SEIDMAN, LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 27, 2008.
For
4500
0
0
0
 
Monday, August 04, 2008
Page 35 of 42
Proxy Voting Record
 
TRANSOCEAN INC
Security:
G90073100
 
Meeting Type:
Annual
Ticker:
RIG
 
Meeting Date:
16-May-2008
ISIN
KYG900731004
 
Vote Deadline Date:
15-May-2008
Agenda
932847188
Management
 
Total Ballot Shares:
9736
Last Vote Date:
14-May-2008
 
 
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: JON A. MARSHALL
For
2200
0
0
0
2
ELECTION OF DIRECTOR: MARTIN B. MCNAMARA
For
2200
0
0
0
3
ELECTION OF DIRECTOR: ROBERT E. ROSE
For
2200
0
0
0
4
ELECTION OF DIRECTOR: IAN C. STRACHAN
For
2200
0
0
0
5
APPROVAL OF THE APPOINTMENT OF ERNST & YOUNG LLP TO SERVE AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008.
For
2200
0
0
0
 
Monday, August 04, 2008
Page 36 of 42
Proxy Voting Record
 
AMPHENOL CORPORATION
Security:
032095101
 
Meeting Type:
Annual
Ticker:
APH
 
Meeting Date:
21-May-2008
ISIN
US0320951017
 
Vote Deadline Date:
20-May-2008
Agenda
932884441
Management 
 
Total Ballot Shares:
50515
Last Vote Date:
21-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
RONALD P. BADIE
 
7750
0
0
0
 
2
DEAN H. SECORD
 
7750
0
0
0
2
RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT PUBLIC ACCOUNTANTS OF THE COMPANY.
For
7750
0
0
0
3
RATIFICATION AND APPROVAL OF THE AMENDED 2004 STOCK OPTION PLAN FOR DIRECTORS OF AMPHENOL CORPORATION.
For
7750
0
0
0
 
Monday, August 04, 2008
Page 37 of 42
Proxy Voting Record
 
MCDONALD'S CORPORATION 
Security:
580135101
 
Meeting Type:
Annual
Ticker:
MCD
 
Meeting Date:
22-May-2008
ISIN
US5801351017
 
Vote Deadline Date:
21-May-2008
Agenda
932851264
Management 
 
Total Ballot Shares:
62175
Last Vote Date:
21-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
ELECTION OF DIRECTOR: RALPH ALVAREZ
For
5200
0
0
0
2
ELECTION OF DIRECTOR: SUSAN E. ARNOLD
For
5200
0
0
0
3
ELECTION OF DIRECTOR: RICHARD H. LENNY
For
5200
0
0
0
4
ELECTION OF DIRECTOR: CARY D. MCMILLAN
For
5200
0
0
0
5
ELECTION OF DIRECTOR: SHEILA A. PENROSE
For
5200
0
0
0
6
ELECTION OF DIRECTOR: JAMES A. SKINNER
For
5200
0
0
0
7
APPROVAL OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
For
5200
0
0
0
 
Monday, August 04, 2008
Page 38 of 42
Proxy Voting Record
 
EXXON MOBIL CORPORATION
Security:
30231G102
 
Meeting Type:
Annual
Ticker:
XOM
 
Meeting Date:
28-May-2008
ISIN
US30231G1022
 
Vote Deadline Date:
27-May-2008
Agenda
932858232
Management 
 
Total Ballot Shares:
119963
Last Vote Date:
27-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
 
 
  
 
 
1
M.J. BOSKIN
 
4400
0
0
0
 
2
L.R. FAULKNER
 
4400
0
0
0
 
3
W.W. GEORGE
 
4400
0
0
0
 
4
J.R. HOUGHTON
 
4400
0
0
0
 
5
R.C. KING
 
4400
0
0
0
 
6
M.C. NELSON
 
4400
0
0
0
 
7
S.J. PALMISANO
 
4400
0
0
0
 
8
S.S REINEMUND
 
4400
0
0
0
 
9
W.V. SHIPLEY
 
4400
0
0
0
 
10
R.W. TILLERSON
 
4400
0
0
0
 
11
E.E. WHITACRE, JR.
 
4400
0
0
0
2
RATIFICATION OF INDEPENDENT AUDITORS (PAGE 47)
For
4400
0
0
0
3
SHAREHOLDER PROPOSALS PROHIBITED (PAGE 49)
Against
0
4400
0
0
4
DIRECTOR NOMINEE QUALIFICATIONS (PAGE 49)
Against
0
4400
0
0
5
BOARD CHAIRMAN AND CEO (PAGE 50)
Against
0
4400
0
0
6
SHAREHOLDER RETURN POLICY (PAGE 52)
Against
0
4400
0
0
7
SHAREHOLDER ADVISORY VOTE ON EXECUTIVE COMPENSATION (PAGE 53)
Against
0
4400
0
0
8
EXECUTIVE COMPENSATION REPORT (PAGE 55)
Against
0
4400
0
0
9
INCENTIVE PAY RECOUPMENT (PAGE 57)
Against
0
4400
0
0
10
CORPORATE SPONSORSHIPS REPORT (PAGE 58)
Against
0
4400
0
0
11
POLITICAL CONTRIBUTIONS REPORT (PAGE 60)
Against
0
4400
0
0
12
AMENDMENT OF EEO POLICY (PAGE 61)
Against
0
4400
0
0
13
COMMUNITY ENVIRONMENTAL IMPACT (PAGE 63)
Against
0
4400
0
0
14
ANWR DRILLING REPORT (PAGE 65)
Against
0
4400
0
0
 
Monday, August 04, 2008
Page 39 of 42
Proxy Voting Record
 
Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
15
GREENHOUSE GAS EMISSIONS GOALS (PAGE 66)
Against
0
4400
0
0
16
CO2 INFORMATION AT THE PUMP (PAGE 68)
Against
0
4400
0
0
17
CLIMATE CHANGE AND TECHNOLOGY REPORT (PAGE 69)
Against
0
4400
0
0
18
ENERGY TECHNOLOGY REPORT (PAGE 70)
Against
0
4400
0
0
19
RENEWABLE ENERGY POLICY (PAGE 71)
Against
0
4400
0
0
 
Monday, August 04, 2008
Page 40 of 42
Proxy Voting Record
 
CATERPILLAR INC. 
Security:
149123101
 
Meeting Type:
Annual
Ticker:
CAT
 
Meeting Date:
11-Jun-2008
ISIN
US1491231015
 
Vote Deadline Date:
10-Jun-2008
Agenda
932886736
Management 
 
Total Ballot Shares:
46920
Last Vote Date:
03-Jun-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
  
 
  
 
 
1
W. FRANK BLOUNT
 
3750
0
0
0
 
2
JOHN R. BRAZIL
 
3750
0
0
0
 
3
EUGENE V. FIFE
 
3750
0
0
0
 
4
GAIL D. FOSLER
 
3750
0
0
0
 
5
PETER A. MAGOWAN
 
3750
0
0
0
2
RATIFY AUDITORS
For
3750
0
0
0
3
STOCKHOLDER PROPOSAL-ANNUAL ELECTION OF DIRECTORS
Against
0
3750
0
0
4
STOCKHOLDER PROPOSAL-DIRECTOR ELECTION MAJORITY VOTE STANDARD
Against
0
3750
0
0
5
STOCKHOLDER PROPOSAL-FOREIGN MILITARY SALES
Against
0
3750
0
0
 
Monday, August 04, 2008
Page 41 of 42
Proxy Voting Record
 
COLCHESTER STREET TRUST
Security:
192826501
 
Meeting Type:
Special
Ticker:
FMYXX
 
Meeting Date:
18-Jun-2008
ISIN
US1928265016
 
Vote Deadline Date:
17-Jun-2008
Agenda
932816981
Management 
 
Total Ballot Shares:
1756680
Last Vote Date:
13-May-2008 
 
  
 

Item
Proposal
Recommendation
For
Against
Abstain
Take No Action
1
DIRECTOR
For
 
 
  
 
 
1
JAMES C. CURVEY
 
1756680
0
0
0
 
2
ALBERT R. GAMPER, JR.
 
1756680
0
0
0
 
3
GEORGE H. HEILMEIER
 
1756680
0
0
0
 
4
ARTHUR E. JOHNSON
 
1756680
0
0
0
 
5
EDWARD C. JOHNSON 3D
 
1756680
0
0
0
 
6
JAMES H. KEYES
 
1756680
0
0
0
 
7
MARIE L. KNOWLES
 
1756680
0
0
0
 
8
KENNETH L. WOLFE
 
1756680
0
0
0
 
Monday, August 04, 2008
 
 
Page 42 of 42
 
 
SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940,the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) The Appleton Funds

By (Signatures and Title)*/s/ James I. Ladge
James I. Ladge, President

Date: August 6, 2008


By (Signatures and Title)* /s/ James I. Ladge
James I. Ladge, Chief Executive Officer

Date: August 6, 2008


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