0001162044-11-000631.txt : 20110725 0001162044-11-000631.hdr.sgml : 20110725 20110725150718 ACCESSION NUMBER: 0001162044-11-000631 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110725 DATE AS OF CHANGE: 20110725 EFFECTIVENESS DATE: 20110725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BERTOLET CAPITAL TRUST CENTRAL INDEX KEY: 0001216907 IRS NUMBER: 061680405 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-21291 FILM NUMBER: 11984482 BUSINESS ADDRESS: STREET 1: 745 FIFTH AVE STREET 2: STE 2400 CITY: NEW YORK STATE: NY ZIP: 10151 BUSINESS PHONE: 212 605 7100 MAIL ADDRESS: STREET 1: 745 FIFTH AVE STREET 2: STE 2400 CITY: NEW YORK STATE: NY ZIP: 10151

0001216907 S000004888 Pinnacle Value Fund

C000013242 Pinnacle Value Fund PVFIX

N-PX 1 pinnaclenpx201107.htm

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 333-102850

Bertolet Capital Trust

(Exact name of registrant as specified in charter)

745 Fifth Avenue, Suite 2400

New York, NY 10151

(Address of principal executive offices)

(Zip code)

John E. Deysher

745 Fifth Ave., Suite 2400

New York, NY 10151

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 508-4537

Date of fiscal year end: December 31

Date of reporting period: June 30, 2011

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 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking notes.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507.

ITEM 1. PROXY VOTING RECORD:

Disclose the following information for each matter relating to a portfolio security considered at any shareholder meeting held during the period covered by the report and with respect to which the registrant was entitled to vote:

(a).

The name of the issuer of the portfolio security;

(b).

The exchange ticker symbol of the portfolio security;

(c).

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

(d).

The shareholder meeting date;

(e).

A brief identification of the matter voted on;

(f).

Whether the matter was proposed by the issuer or by a security holder;

(g).

Whether the Registrant cast its vote on the matter;

(h).

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

(i).

Whether the Registrant cast its vote for or against management.

Pinnacle Value Fund

AMERICAM LOCKER GROUP

	Ticker Symbol:ALGI	Cusip Number:027284108
	Record Date: 5/6/2011	Meeting Date: 6/14/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

ASTA FUNDING

	Ticker Symbol:ASFI	Cusip Number:046220109
	Record Date: 12/14/2010	Meeting Date: 1/19/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

CADUS CORP.

	Ticker Symbol:KDUS	Cusip Number:127639102
	Record Date: 8/23/2010	Meeting Date: 10/6/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

With/Against

liquidate company

Against

Stockholder

Against

With

CAPITAL SOUTHWEST

	Ticker Symbol:CSWC	Cusip Number:140501107
	Record Date: 5/28/2010	Meeting Date: 7/19/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

CENTRAL EUROPE & RUSSIA FUND

	Ticker Symbol:CEE	Cusip Number:153436100
	Record Date: 5/13/2011	Meeting Date: 6/27/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

COSINE COMMUNICATIONS

	Ticker Symbol:COSN	Cusip Number:221222607
	Record Date: 11/17/2010	Meeting Date: 1/10/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

approve reverse stock split

For

Issuer

For

With

approve forward stock split

For

Issuer

For

With

ELECTRO-SENSORS

	Ticker Symbol:ELSE	Cusip Number:285233102
	Record Date: 3/2/2011	Meeting Date: 4/20/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

set directors at 5

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

FIRST ACCEPTANCE

	Ticker Symbol:FAC	Cusip Number:318457108
	Record Date: 10/4/2010	Meeting Date: 11/16/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

approve increased shares for employee stock purchase plan

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

FLEXSTEEL INDUSTRIES

	Ticker Symbol:FLXS	Cusip Number:339382103
	Record Date: 10/8/2010	Meeting Date: 12/6/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

amend articles of incorporation

Against

Issuer

For

Against

amend articles of incorporation

For

Issuer

For

With

delete part of articles of incorporation

For

Issuer

For

With

delete part of articles of incorporation

Against

Issuer

For

Against

allow certain board actions

Against

Issuer

For

Against

amend articles of incorporation

For

Issuer

For

With

HALLMARK FINANCIAL

	Ticker Symbol:HALL	Cusip Number:40624Q203
	Record Date: 4/15/2011	Meeting Date: 6/2/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Say on pay resolution

For

Issuer

For

With

Say on pay frequency

For

Issuer

For

With

HARDINGE INC.

	Ticker Symbol:HDNG	Cusip Number:412324303
	Record Date: 3/7/2011	Meeting Date: 5/3/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

adopt incentive stock plan

Against

Issuer

For

Against

Auditor approval

For

Issuer

For

With

say on pay resolution

For

Issuer

For

With

say on pay frequency

For

Issuer

For

With

JAPAN SMALLER CAP FUND

	Ticker Symbol:JOF	Cusip Number:47109U104
	Record Date: 9/21/2010	Meeting Date: 11/18/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Against

Issuer

For

Against

KEYSTONE CONSOLIDATED

	Ticker Symbol:KYCC	Cusip Number:493422307
	Record Date: 3/31/2011	Meeting Date: 5/24/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

With/Against

say on pay resolution

For

Issuer

For

With

say on pay frequency

For

Issuer

For

With

LYDALL INC.

	Ticker Symbol:LDL	Cusip Number:550819108
	Record Date: 3/1/2011	Meeting Date: 4/29/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

say on pay resolution

For

Issuer

For

With

say on pay frequency

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

MEADE INSTRUMENTS

	Ticker Symbol:MEAD	Cusip Number:583062203
	Record Date: 6/4/2010	Meeting Date: 7/14/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

With/Against

Auditor approval

For

Issuer

For

With

MONTPELIER RE

	Ticker Symbol:MRH	Cusip Number:G62185106
	Record Date: 3/25/2011	Meeting Date: 5/18/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

say on pay resoluion

For

Issuer

For

With

say on pay frequency

For

Issuer

For

With

MVC CAPITAL

	Ticker Symbol:MVC	Cusip Number:553829102
	Record Date: 1/18/2011	Meeting Date: 3/10/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

NOVT CORP.

	Ticker Symbol:NVTP	Cusip Number:62936A205
	Record Date: 5/10/2011	Meeting Date: 6/21/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

NU HORIZONS ELECTRONICS

	Ticker Symbol:NUHC	Cusip Number:669908105
	Record Date: 6/1/2010	Meeting Date: 7/29/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

With/Against

approve outside directors stock plan

Against

Issuer

For

Against

NU HORIZONS ELECTRONICS

	Ticker Symbol:NUHC	Cusip Number:669908105
	Record Date: 10/25/2010	Meeting Date: 12/7/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

merger approval

For

Issuer

For

With

PAM TRANSPORTATION

	Ticker Symbol:PTSI	Cusip Number:693149106
	Record Date: 4/7/2011	Meeting Date: 5/26/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

say on pay resolution

For

Issuer

For

With

say on pay frequency

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

PENN MILLERS

	Ticker Symbol:PMIC	Cusip Number:707561106
	Record Date: 3/16/2011	Meeting Date: 5/11/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

PERCEPTRON

	Ticker Symbol:PRCP	Cusip Number:71361F100
	Record Date: 9/24/2010	Meeting Date: 11/16/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

With/Against

Auditor approval

For

Issuer

For

With

PETROLEUM & RESOURCES

	Ticker Symbol:PEO	Cusip Number:716549100
	Record Date: 2/10/2011	Meeting Date: 3/22/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

PREFERRED BANK

	Ticker Symbol:PFBC	Cusip Number:740367107
	Record Date: 4/7/2011	Meeting Date: 5/24/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

With/Against

approve reverse stock split

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

SEABRIGHT HOLDINGS

	Ticker Symbol:SBX	Cusip Number:811656107
	Record Date: 3/23/2011	Meeting Date: 5/17/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

Auditor approval

For

Issuer

For

With

say on pay resolution

Against

Issuer

For

Against

say on pay frequency

For

Issuer

For

With

SIELOX INC.

	Ticker Symbol:SLXN	Cusip Number:82620E107
	Record Date: 9/10/2010	Meeting Date: 10/20/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

Against

Auditor approval

For

Issuer

For

With

STANLEY FURNITURE

	Ticker Symbol:STLY	Cusip Number:854305208
	Record Date: 3/4/2011	Meeting Date: 4/27/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

For

Issuer

For

With

say on pay resolution

Against

Issuer

For

Against

say on pay frequency

For

Issuer

For

With

WESCO FINANCIAL

	Ticker Symbol:WSC	Cusip Number:950817106
	Record Date: 5/16/2011	Meeting Date: 6/24/2011

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Merger approval

Against

Issuer

For

Against

WHX CORP.

	Ticker Symbol:WXCP	Cusip Number:929248607
	Record Date: 10/21/2010	Meeting Date: 12/9/2010

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Director election

Split

Issuer

For

With/Against

name change

For

Issuer

For

With

approve change to incentive stock plan

Against

Issuer

For

Against

Auditor approval

For

Issuer

For

With

* Management Recommended Vote

SIGNATURES

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

Bertolet Capital Trust

By John E. Deysher

* John E. Deysher

President

Date: July 25, 2011

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