N-PX 1 adirondacknpx201408.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 811-21691

Adirondack Funds

(Exact name of registrant as specified in charter)

2390 Western Avenue

Guilderland, New York 12084

(Address of principal executive offices)

(Zip code)

Gregory A. Roeder

Adirondack Research and Management, Inc.

2390 Western Avenue

Guilderland, New York 12084

(Name and address of agent for service)

Copies to:

JoAnn M. Strasser

Thompson Hine LLP

312 Walnut Street, 14th Floor

Cincinnati, Ohio 45202

Registrant's telephone number, including area code: 518-690-0470

Date of fiscal year end: March 31

Date of reporting period: June 30, 2014

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.

The Adirondack Small Cap Fund

AERCAP HOLDINGS N.V.

	Ticker Symbol:AER	Cusip Number:N00985106
	Record Date: 3/14/2014	Meeting Date: 4/30/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Reduction of capital through cancellation of acquired shares.

For

Issuer

For

With

11A

Articles of association amendment(article 3).

For

Issuer

For

With

11B

Designation of each of the company's directors and each (candidate) civil law notary and lawyer at NautaDutilh N.V.

For

Issuer

For

With

Adoption of the annual accounts for FY 2013.

For

Issuer

For

With

Release of liability of the Directors with respect to their management during the 2013 fiscal year.

For

Issuer

For

With

Designation of Helming as person referred to in article 16.8 of the articles of the association

For

Issuer

For

With

Appoint PriceWaterhouseCoopers as auditor.

For

Issuer

For

With

Share repurchase authorization.

For

Issuer

For

With

Conditional share repurchase authorization.

For

Issuer

For

With

AERCAP HOLDINGS N.V.(SPECIAL MEETING)

	Ticker Symbol:AER	Cusip Number:N00985106
	Record Date: 12/20/2013	Meeting Date: 2/13/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve ILFC acquisition.

For

Issuer

For

With

3A-B

Conditional appointment of two non-executive directors.

For

Issuer

For

With

4A-D

re-appointment of three non-executive directors and Aengus Kelly as executive director.

For

Issuer

For

With

Conditional approval of new equity incentive plan.

For

Issuer

For

With

Amendment to articles of association.

For

Issuer

For

With

Designation of each of the company's directors and civil law notary to implement the amendment of the company's articles of association.

For

Issuer

For

With

ALCATEL-LUCENT

	Ticker Symbol:ALU	Cusip Number:013904305
	Record Date: 3/3/2014	Meeting Date: 5/28/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve Financials.

For

Issuer

For

With

Ratify transfer of the registered office.

For

Issuer

For

With

Authorization of directors to trade in company shares.

For

Issuer

For

With

12-22

Various delegations regarding company share/option issuance and cancellations.

For

Issuer

For

With

Approve consolidated Financials.

For

Issuer

For

With

Powers to carry out formalities

For

Issuer

For

With

Amendments or new resolutions proposed at the meeting.

For

Issuer

For

With

Earnings -Allocation of income.

For

Issuer

For

With

Approve Morali as Director.

For

Issuer

For

With

Approve Caio as Director.

For

Issuer

For

With

Renew Goodman as Director.

For

Issuer

For

With

Renew Spinetta as Director.

For

Issuer

For

With

Advisory vote on CEO's compensation.

For

Issuer

For

With

Advisory Vote Chairman of Board's compensation.

For

Issuer

For

With

ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.

	Ticker Symbol:MDRX	Cusip Number:01988P108
	Record Date: 3/31/2014	Meeting Date: 5/22/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 directors.

For

Issuer

For

With

Ratify the selection of Grant Thornton LLP as auditor.

For

Issuer

For

With

Approve amendments to incentive plan.

For

Issuer

For

With

Approve amendments to employee stock purchase plan.

For

Issuer

For

With

Approve named executive officer compensation.

Against

Issuer

For

Against

ALPHA NATURAL RESOURCES, INC.

	Ticker Symbol:ANR	Cusip Number:02076X102
	Record Date: 4/1/2014	Meeting Date: 5/22/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.1-1.9

Elect 9 directors.

For

Issuer

For

With

Approve 2012 Long-Term incentive plan.

For

Issuer

For

With

Non-binding approval of executive compensation.

Against

Issuer

For

Against

Ratify the selection of KPMG as auditor.

For

Issuer

For

With

Stockholder proposal requesting an environmental report.

Against

Stockholder

Against

With

Stockholder proposal requesting a climate change report.

Against

Stockholder

Against

With

Stockholder proposal requesting an amendment to equal employment opportunity policy.

Against

Stockholder

Against

With

ASSURED GUARANTY LTD

	Ticker Symbol:AGO	Cusip Number:G0585R106
	Record Date: 3/10/2014	Meeting Date: 5/7/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 19 directors.

For

Issuer

For

With

Advisory approval of executive compensation.

Against

Issuer

For

Against

Approve long-term incentive plan.

For

Issuer

For

With

Ratify the selection of Pricewaterhousecoopers LLP as auditor.

For

Issuer

For

With

Ratify the appointment of PWC as auditor for subsidiary (AG RE).

For

Issuer

For

With

AUTOBYTEL INC.

	Ticker Symbol:ABTL	Cusip Number:05275N106
	Record Date: 4/25/2014	Meeting Date: 6/19/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect two directors.

For

Issuer

For

With

Approve 2014 equity incentive plan.

For

Issuer

For

With

Approve extension and amendments to tax benefit preservation plan.

For

Issuer

For

With

Ratify Moss Adams LLP as Auditor.

For

Issuer

For

With

AXT INC.

	Ticker Symbol:AXTI	Cusip Number:00246W103
	Record Date: 3/20/2014	Meeting Date: 5/13/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Two Directors.

Against

Issuer

For

Against

Approve named officer compensation (non-binding).

Against

Issuer

For

Against

Ratify the appointment of Burr Pilger Mayer Inc. as auditor.

Against

Issuer

For

Against

BEBE STORES, INC.

	Ticker Symbol:BEBE	Cusip Number:075571109
	Record Date: 9/26/2013	Meeting Date: 11/22/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors

For

Issuer

For

With

Ratify the appointment of Deloitte and Touche LLP as auditor.

For

Issuer

For

With

BENCHMARK ELECTRONICS, INC.

	Ticker Symbol:BHE	Cusip Number:08160H101
	Record Date: 3/13/2014	Meeting Date: 5/7/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 directors.

For

Issuer

For

With

Approve amendment to 2010 omnibus incentive compensation plan.

For

Issuer

For

With

Approve executive compensation (non-binding).

For

Issuer

For

With

Ratify appointment of KPMG LLP as auditor.

For

Issuer

For

With

BLACK DIAMOND INC.

	Ticker Symbol:BDE	Cusip Number:09202G101
	Record Date: 4/16/2014	Meeting Date: 6/5/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 6 Directors.

For

Issuer

For

With

Approve named executive officers pay (non-binding).

For

Issuer

For

With

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

BLOUNT INTERNATIONAL, INC.

	Ticker Symbol:BLT	Cusip Number:095180105
	Record Date: 4/29/2014	Meeting Date: 6/20/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 9 directors.

For

Issuer

For

With

To approve an advisory vote on executive compensation.

For

Issuer

For

With

Approve 2014 equity incentive plan.

For

Issuer

For

With

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

BROADRIDGE FINANCIAL SOLUTIONS, INC.

	Ticker Symbol:BR	Cusip Number:11133T103
	Record Date: 9/23/2013	Meeting Date: 11/24/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-i

Elect 9 directors.

For

Issuer

For

With

Ratify the appointment of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

Approval of the Amendment and Restatement of the 2007 Omnibus Award Plan.

For

Issuer

For

With

Approve named executive compensation (Advisory basis).

Against

Issuer

For

Against

BROCADE COMMUNICATIONS SYSTEMS, INC.

	Ticker Symbol:BRCD	Cusip Number:111621306
	Record Date: 2/14/2014	Meeting Date: 4/8/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.1 -1.9

Elect 9 directors.

For

Issuer

For

With

Non binding vote to approve named executive officer compensation.

For

Issuer

For

With

Ratify appointment of KPMG LLP as auditor.

For

Issuer

For

With

Stockholder proposal to amend bylaws to allow 10%+ holders call a special meeting.

Against

Stockholder

Against

With

BROOKLINE BANCORP, INC.

	Ticker Symbol:BRKL	Cusip Number:11373M107
	Record Date: 3/14/2014	Meeting Date: 5/7/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 4 Directors.

For

Issuer

For

With

Ratify appointment of KPMG LLP as auditor.

For

Issuer

For

With

Approve executive compensation (non-binding).

For

Issuer

For

With

Approve 2014 Equity incentive plan.

For

Issuer

For

With

CALLAWAY GOLF COMPANY

	Ticker Symbol:ELY	Cusip Number:131193104
	Record Date: 3/17/2014	Meeting Date: 5/14/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 Directors.

For

Issuer

For

With

Ratify selection of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

Approve compensation of named executive officers (non-binding).

For

Issuer

For

With

CAPSTONE TURBINE CORPORATION

	Ticker Symbol:CPST	Cusip Number:14067D102
	Record Date: 7/1/2013	Meeting Date: 8/29/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 9 Directors.

For

Issuer

For

With

Re-approve performance criteria under executive performance incentive plan.

For

Issuer

For

With

Advisory vote on named executive officers compensation.

For

Issuer

For

With

Ratify the selection of KPMG LLP as auditor.

For

Issuer

For

With

CNO FINANCIAL GRUOP, INC.

	Ticker Symbol:CNO	Cusip Number:12621E103
	Record Date: 3/14/2014	Meeting Date: 5/7/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-i

Elect 9 directors.

For

Issuer

For

With

Approve amended long-term incentive plan.

For

Issuer

For

With

Ratify the selection of PriceWaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Approve executive compensation (non-binding).

For

Issuer

For

With

COCA-COLA BOTTLING CO.

	Ticker Symbol:COKE	Cusip Number:191098102
	Record Date: 3/17/2014	Meeting Date: 5/13/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 12 directors.

Against

Issuer

For

Against

Advisory approval of the company's executive compensation program.

Against

Issuer

For

Against

Ratify the appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

COMVERSE, INC.

	Ticker Symbol:CNSI	Cusip Number:20585P105
	Record Date: 4/28/2014	Meeting Date: 6/25/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.A-H-

Elect 8 Directors.

For

Issuer

For

With

Ratify the selection of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

COVANTA HOLDING CORPORATION

	Ticker Symbol:CVA	Cusip Number:22282E102
	Record Date: 3/10/2014	Meeting Date: 5/8/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 10 directors.

For

Issuer

For

With

Ratify appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

Approve 2014 Equity award plan

For

Issuer

For

With

Advisory vote to approve named executive officer compensation.

For

Issuer

For

With

COWEN GROUP, INC.

	Ticker Symbol:COWN	Cusip Number:223622101
	Record Date: 4/17/2014	Meeting Date: 6/3/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 directors.

For

Issuer

For

With

Ratify appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Advisory vote on executive officer compensation.

Against

Issuer

For

Against

CRYOLIFE, INC.

	Ticker Symbol:CRY	Cusip Number:228903100
	Record Date: 3/19/2014	Meeting Date: 5/21/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 directors.

For

Issuer

For

With

Approve named executive officer compensation (non-binding).

For

Issuer

For

With

Approve amended restated stock option plan.

For

Issuer

For

With

Ratify the selection of Ernst and Young LLP as auditor.

For

Issuer

For

With

CTS CORPORATION

	Ticker Symbol:CTS	Cusip Number:126501105
	Record Date: 4/4/2014	Meeting Date: 5/21/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 9 directors.

For

Issuer

For

With

Approve advisory vote on compensation for named executive officers

For

Issuer

For

With

Ratify appointment of Grant Thornton LLP as Auditor.

For

Issuer

For

With

Approval of the 2014 performance and incentive compensation plan.

For

Issuer

For

With

DEAN FOODS COMPANY

	Ticker Symbol:DF	Cusip Number:242370203
	Record Date: 3/17/2014	Meeting Date: 5/14/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.1-1.5

Elect 5 directors.

For

Issuer

For

With

To approve an amendment decreasing the total number of authorized shares.

For

Issuer

For

With

Approve named executive compensation (on-binding).

For

Issuer

For

With

Ratify the appointment of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

Stockholder proposal to limit accelerated vesting of equity awards in a change of control.

Against

Stockholder

Against

With

Stockholder proposal regarding political contribution reporting.

Against

Stockholder

Against

With

Stockholder proposal related to water stewardship in the agricultural supply chain.

Against

Stockholder

Against

With

DOLE FOOD COMPANY, INC.(SPECIAL MEETING)

	Ticker Symbol:DOLE	Cusip Number:256603101
	Record Date: 9/27/2013	Meeting Date: 10/31/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve Adoption of agreement and plan of Merger.

Against

Issuer

For

Against

Approve merger related compensation arrangements.

Against

Issuer

For

Against

Approve meeting adjournment if necessary to solicit additional proxies.

Against

Issuer

For

Against

DYNEGY, INC.

	Ticker Symbol:DYN	Cusip Number:26817R108
	Record Date: 3/31/2014	Meeting Date: 5/29/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors.

For

Issuer

For

With

Approve executive compensation on an advisory basis.

Against

Issuer

For

Against

Ratify appointment of Ernst & Young LLP.

For

Issuer

For

With

EASTMAN KODAK COMPANY

	Ticker Symbol:KODK	Cusip Number:277461406
	Record Date: 3/31/2014	Meeting Date: 5/28/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.1-1.9

Elect 9 Directors.

For

Issuer

For

With

Ratify appointment of PricewaterhouseCoopers LLP as independent auditor.

For

Issuer

For

With

Approve advisory vote on executive compensation.

For

Issuer

For

With

Approve 1yr frequency of advisory vote.

For

Issuer

For

With

EDURANCE SPECIALTY HOLDINGS LTD

	Ticker Symbol:ENH	Cusip Number:G30397106
	Record Date: 3/21/2014	Meeting Date: 5/21/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-h

Elect 8 Directors of the company.

For

Issuer

For

With

Appoint Ernst & Young Ltd. as auditor.

For

Issuer

For

With

Approved named executive office compensation (non-binding).

Against

Issuer

For

Against

ELECTRO SCIENTIFIC INDUSTRIES, INC.

	Ticker Symbol:ESIO	Cusip Number:285229100
	Record Date: 6/5/2013	Meeting Date: 8/8/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 3 directors.

For

Issuer

For

With

Ratify Appointment of KPMG LLP as Auditor.

For

Issuer

For

With

Approve compensation of named executive officers.

For

Issuer

For

With

EMCOR GROUP, INC.

	Ticker Symbol:EME	Cusip Number:29084Q100
	Record Date: 4/16/2014	Meeting Date: 6/11/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 9 Directors.

For

Issuer

For

With

Approve named executive compensation (Non-binding).

For

Issuer

For

With

Ratify the selection of Ernst & Young LLP as Auditor.

For

Issuer

For

With

EMULEX CORPORORATION

	Ticker Symbol:ELX	Cusip Number:292475209
	Record Date: 12/9/2013	Meeting Date: 2/6/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 11 directors.

For

Issuer

For

With

Approve an amended and restated employee stock purchase plan.

For

Issuer

For

With

Advisory resolution to approve executive compensation.

For

Issuer

For

With

Ratify the selection of KPMG LLP as auditor.

For

Issuer

For

With

EXPRESS, INC.

	Ticker Symbol:EXPR	Cusip Number:30219E103
	Record Date: 4/14/2014	Meeting Date: 6/12/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 2 Directors.

For

Issuer

For

With

Advisory vote to approve executive compensation.

For

Issuer

For

With

Ratify PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

FIRSTMERIT CORPORATION

	Ticker Symbol:FMER	Cusip Number:337915102
	Record Date: 2/21/2014	Meeting Date: 4/16/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 15 directors.

For

Issuer

For

With

Ratify appointment Ernst & Young LLP as Auditor.

For

Issuer

For

With

Approve on an advisory basis executive compensation.

Against

Issuer

For

Against

FLY LEASING LTD

	Ticker Symbol:FLY	Cusip Number:34407D109
	Record Date: 5/13/2014	Meeting Date: 6/25/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Re-elect Braathen as director

For

Issuer

For

With

Re-elect Donovan as director

For

Issuer

For

With

Re-elect O'Brien as director

For

Issuer

For

With

Re-elect Walton as director

For

Issuer

For

With

Ratify the selection of Ernst & Young LLP as auditor.

For

Issuer

For

With

FRESH DEL MONTE PRODUCE INC.

	Ticker Symbol:FDP	Cusip Number:G36738105
	Record Date: 3/11/2014	Meeting Date: 4/30/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1A-C

Elect three directors.

Against

Issuer

For

Against

Approve Financials.

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

Approve company dividend.

For

Issuer

For

With

Approve omnibus share incentive plan.

For

Issuer

For

With

Approve executive compensation by non binding vote.

Against

Issuer

For

Against

GAIAM INC.

	Ticker Symbol:GAIA	Cusip Number:36268Q103
	Record Date: 8/21/2013	Meeting Date: 10/10/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 7 directors.

For

Issuer

For

With

GENWORTH FINANCIAL, INC.

	Ticker Symbol:GNW	Cusip Number:37247D106
	Record Date: 3/21/2014	Meeting Date: 5/15/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect William H. Bolinder as Director

For

Issuer

For

With

Elect G. Kent Conrad as Director

For

Issuer

For

With

Elect Melina E. Higgins as Director

For

Issuer

For

With

Elect Nancy J. Karsh as Director

For

Issuer

For

With

Elect Thomas J. McInerney as Director

For

Issuer

For

With

Elect Christine B. Mead as Director

For

Issuer

For

With

Elect David M. Moffett as Director

For

Issuer

For

With

Elect Thomas E. Moloney as Director

For

Issuer

For

With

Elect James A. Parke as Director

For

Issuer

For

With

Elect James S. Riepe as Director

For

Issuer

For

With

Advisory vote to approve executive compensation.

For

Issuer

For

With

Ratify KPMG LLP as auditor.

For

Issuer

For

With

Stockholder proposal regarding political contributions.

Against

Stockholder

Against

With

GLOBAL POWER EQUIPMENT GROUP INC.

	Ticker Symbol:GLPW	Cusip Number:37941P306
	Record Date: 3/6/2014	Meeting Date: 5/1/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 6 directors.

For

Issuer

For

With

Ratify BDO USA, LLP as auditor.

For

Issuer

For

With

Advisory vote on executive compensation.

For

Issuer

For

With

To transact such business as may come before the meeting.

For

Issuer

For

With

HARDINGE INC.

	Ticker Symbol:HDNG	Cusip Number:412324303
	Record Date: 3/7/2014	Meeting Date: 5/6/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 2 directors.

Abstained

Issuer

For

N/A

Ratify the selection of Ernst & Young LLP as auditor.

Abstained

Issuer

For

N/A

To amend and restate 2011 incentive stock plan.

Abstained

Issuer

For

N/A

To act on advisory vote on executive compensation.

Abstained

Issuer

For

N/A

Vote on frequency of advisory vote on executive compensation.

Abstained

Issuer

For

N/A

HOOPER HOLMES INC.

	Ticker Symbol:HH	Cusip Number:439104100
	Record Date: 4/15/2014	Meeting Date: 6/11/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 5 directors.

For

Issuer

For

With

Approve amendment/restatement to 2011 omnibus employee incentive plan.

For

Issuer

For

With

Advisory vote on named executive officer compensation.

For

Issuer

For

With

Ratify selection of KPMG LLP as auditor.

For

Issuer

For

With

IAC/INTERACTIVECORP

	Ticker Symbol:IACI	Cusip Number:44919P508
	Record Date: 4/24/2014	Meeting Date: 6/18/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 12 directors.

For

Issuer

For

With

Ratification of Ernst & Young as auditor.

For

Issuer

For

With

Advisory vote on executive compensation (non-binding).

For

Issuer

For

With

INTRALINKS HOLDINGS INC.

	Ticker Symbol:IL	Cusip Number:46118H104
	Record Date: 6/18/2013	Meeting Date: 8/9/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 3 directors.

For

Issuer

For

With

Approve compensation of named executives(non-binding).

For

Issuer

For

With

Approve amended and restated 2010 employee stock purchase plan.

For

Issuer

For

With

Ratify the appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

IPASS INC

	Ticker Symbol:IPAS	Cusip Number:46261V108
	Record Date: 4/16/2014	Meeting Date: 6/3/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 6 directors.

For

Issuer

For

With

Ratify the selection of KPMG LLP as auditor.

For

Issuer

For

With

Approve, on advisory basis, executive officers' compensation.

For

Issuer

For

With

JANUS CAPITAL GROUP INC.

	Ticker Symbol:JNS	Cusip Number:47102X105
	Record Date: 2/28/2014	Meeting Date: 4/24/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-j

Elect 9 Directors.

For

Issuer

For

With

Ratify the appointment of Deloitte & Touche LLP as Auditor.

For

Issuer

For

With

Approve compensation of named officers.

For

Issuer

For

With

JETBLUE AIRWAYS CORPORATION

	Ticker Symbol:JBLU	Cusip Number:4622247
	Record Date: 3/26/2014	Meeting Date: 5/22/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-l

Elect 12 directors.

For

Issuer

For

With

Ratify selection of Ernst & Young LLP as auditor.

For

Issuer

For

With

Approve named executive officer compensation.

For

Issuer

For

With

Stockholder proposal regarding political contribution reporting.

Against

Stockholder

Against

With

Stockholder proposal regarding executive stock retention.

Against

Stockholder

Against

With

JOURNAL COMMUNICATIONS, INC.

	Ticker Symbol:JRN	Cusip Number:481130102
	Record Date: 2/28/2014	Meeting Date: 5/6/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect three directors.

For

Issuer

For

With

Approve executive compensation (non-binding).

For

Issuer

For

With

Ratify Pricewaterhousecoopers LLP as auditor.

For

Issuer

For

With

KCG HOLDINGS, INC.

	Ticker Symbol:KCG	Cusip Number:48244B100
	Record Date: 4/1/2014	Meeting Date: 5/14/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.1-1.9

Elect 9 directors.

For

Issuer

For

With

Approve named executive compensation (non-binding).

Against

Issuer

For

Against

Approve amended and restated executive incentive plan.

For

Issuer

For

With

Ratify the appointment of Price WaterhouseCoopers LLP as auditor.

For

Issuer

For

With

KCG HOLDINGS, INC.(SPECIAL MEETING)

	Ticker Symbol:KCG	Cusip Number:48244B100
	Record Date: 11/15/2013	Meeting Date: 12/19/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve amended and restated equity incentive plan.

For

Issuer

For

With

KEYNOTE SYSTEMS, INC. (SPECIAL MEETING)

	Ticker Symbol:KEYN	Cusip Number:493308100
	Record Date: 7/17/2013	Meeting Date: 8/21/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve merger.

For

Issuer

For

With

Advisory vote on executive compensation arrangements.

For

Issuer

For

With

Approve meeting adjournment if necessary for proxy solicitation.

For

Issuer

For

With

KRATON PERFORMANCE POLYMERS, INC.

	Ticker Symbol:KRA	Cusip Number:50077C106
	Record Date: 4/8/2014	Meeting Date: 6/3/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 3 directors.

For

Issuer

For

With

Advisory vote of named executive compensation.

For

Issuer

For

With

Ratify the selection of KPMG LLP as auditor.

For

Issuer

For

With

LMI AEROSPACE, INC.

	Ticker Symbol:LMIA	Cusip Number:502079106
	Record Date: 4/25/2014	Meeting Date: 6/25/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 3 directors.

For

Issuer

For

With

Ratify Pricewaterhousecoopers LLP as auditor.

For

Issuer

For

With

LSI INDUSTRIES INC.

	Ticker Symbol:LYTS	Cusip Number:50216C108
	Record Date: 9/23/2013	Meeting Date: 11/21/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 7 Directors.

For

Issuer

For

With

Ratify Grant Thornton LLP as auditor.

For

Issuer

For

With

Hold an advisory vote on executive compensation.

For

Issuer

For

With

MATRIX SERVICE COMPANY

	Ticker Symbol:MTRX	Cusip Number:576853105
	Record Date: 9/27/2013	Meeting Date: 11/14/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 6 directors.

For

Issuer

For

With

Ratify Deloitte & Touche LLP as auditor.

For

Issuer

For

With

To approve a non-binding vote of executive compensation.

For

Issuer

For

With

MATTSON TECHNOLOGY INC

	Ticker Symbol:MTSN	Cusip Number:577223100
	Record Date: 4/2/2014	Meeting Date: 5/28/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect two directors

For

Issuer

For

With

Non-Binding advisory vote on Executive Compensation.

For

Issuer

For

With

Renew 1994 employee stock purchase plan.

For

Issuer

For

With

Ratify appointment of Armanino LLP as Auditor

For

Issuer

For

With

MCDERMOTT INTERNATIONAL, INC.

	Ticker Symbol:MDR	Cusip Number:580037109
	Record Date: 3/7/2014	Meeting Date: 5/6/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 directors

For

Issuer

For

With

Advisory vote on executive compensation.

For

Issuer

For

With

Approve 2014 Long-Term incentive plan

For

Issuer

For

With

Ratify appointment of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

MFA FINANCIAL, INC.

	Ticker Symbol:MFA	Cusip Number:55272X102
	Record Date: 3/25/2014	Meeting Date: 5/21/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-b

Elect 2 Directors.

For

Issuer

For

With

Appoint KPMG LLP as auditor.

For

Issuer

For

With

Approved named executive office compensation (non-binding).

For

Issuer

For

With

Approve amended and restated bylaws to eliminate classification of the board of directors.

For

Issuer

For

With

MONTPELIER RE HOLDINGS LTD

	Ticker Symbol:MRH	Cusip Number:G62185106
	Record Date: 3/20/2014	Meeting Date: 5/16/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.1-1.4

Elect 5 Directors with terms expiring 2016(Keizer)and 2017(Eisenson,Harris,Marsch, Winchester)

For

Issuer

For

With

2.1 -2.3

Elect 3 directors for Montpelier Reinsurance Ltd, a wholly owned subsidiary.

For

Issuer

For

With

Approve amended and restated bylaws.

For

Issuer

For

With

Appoint PricewaterhouseCoopers LTD as auditor.

For

Issuer

For

With

Advisory vote on management compensation.

Against

Issuer

For

Against

OMEGA PROTEIN CORPORATION

	Ticker Symbol:OME	Cusip Number:68210P107
	Record Date: 4/24/2014	Meeting Date: 6/19/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 2 directors.

For

Issuer

For

With

Ratify the approval of Pricewaterhousecoopers LLP as auditor.

For

Issuer

For

With

Advisory approval of executive compensation.

For

Issuer

For

With

ORTHOFIX INTERNATIONAL N.V.

	Ticker Symbol:OFIX	Cusip Number:N6748L102
	Record Date: 5/1/2014	Meeting Date: 6/19/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 Directors.

For

Issuer

For

With

Approve financials.

For

Issuer

For

With

Ratify the appointment of Ernst & Young as auditor.

For

Issuer

For

With

Approval of an advisory and non-binding resolution on executive compensation.

For

Issuer

For

With

OWENS & MINOR, INC.

	Ticker Symbol:OMI	Cusip Number:690732102
	Record Date: 3/6/2014	Meeting Date: 5/1/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 10 Directors.

For

Issuer

For

With

Ratify the selection of KPMG LLP as auditor.

For

Issuer

For

With

Approve advisory vote on compensation.

Against

Issuer

For

Against

PAN AMERICAN SILVER CORP.

	Ticker Symbol:PAAS	Cusip Number:697900108
	Record Date: 3/31/2014	Meeting Date: 5/8/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 8 Directors.

For

Issuer

For

With

Appoint Deloitte LLP as auditor.

For

Issuer

For

With

Pass an ordinary resolution approving the corporation's approach to executive compensation.

For

Issuer

For

With

PRGX GLOBAL, INC.

	Ticker Symbol:PRGX	Cusip Number:69357C503
	Record Date: 4/21/2014	Meeting Date: 6/24/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 3 directors.

For

Issuer

For

With

Ratify the selection of BDO USA, LLP as auditor.

For

Issuer

For

With

Approve named executive officer compensation.

For

Issuer

For

With

Approve amendment to 2008 equity incentive plan.

For

Issuer

For

With

REALNETWORKS, INC.

	Ticker Symbol:RNWK	Cusip Number:75605L104
	Record Date: 9/20/2013	Meeting Date: 11/12/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 3 directors.

Against

Issuer

For

Against

Non-binding advisory vote on executive compensation.

Against

Issuer

For

Against

Ratify KPMG LLP as Independant Auditor.

For

Issuer

For

With

SANDRIDGE ENERGY INC.

	Ticker Symbol:SD	Cusip Number:80007P307
	Record Date: 4/9/2014	Meeting Date: 6/5/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 4 directors

For

Issuer

For

With

Re-approve performance measures included in 2009 incentive plan.

For

Issuer

For

With

Non-binding vote to approve named executive compensation.

For

Issuer

For

With

Ratify selection of Price WaterhouseCoopers LLP as Auditor.

For

Issuer

For

With

SANMINA CORPORATION

	Ticker Symbol:SANM	Cusip Number:801056102
	Record Date: 1/17/2014	Meeting Date: 3/10/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-i

Elect 9 Directors.

For

Issuer

For

With

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

Approve share issuance (1.7 mil shares) for issuance under 2009 incentive plan.

For

Issuer

For

With

Approve executive compensation (non-binding).

For

Issuer

For

With

SEABOARD CORPORATION

	Ticker Symbol:SEB	Cusip Number:811543107
	Record Date: 2/25/2014	Meeting Date: 4/28/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 4 Directors.

For

Issuer

For

With

Non-Binding Proposal to Approve Executive Compensation.

For

Issuer

For

With

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

Stockholder proposal requesting the company to report its charitable, political and lobbying contributions.

Against

Stockholder

Against

With

SEACHANGE INTERNATIONAL, INC.

	Ticker Symbol:SEAC	Cusip Number:811699107
	Record Date: 5/20/2013	Meeting Date: 7/17/2013

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 2 Directors.

For

Issuer

For

With

Adopt advisory resolution approving compensation of named executive officers (non-binding).

For

Issuer

For

With

Approve amended/restated 2011 compensation and incentive plan.

For

Issuer

For

With

Ratify the appointment of Grant Thornton LLP as auditor.

For

Issuer

For

With

SELECTIVE INSURANCE GROUP, INC.

	Ticker Symbol:SIGI	Cusip Number:816300107
	Record Date: 3/6/2014	Meeting Date: 4/23/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1a-k

Elect 11 Directors.

For

Issuer

For

With

Approve executive compensation (Non-binding).

For

Issuer

For

With

Approve 2014 omnibus stock plan.

For

Issuer

For

With

Approve amendments to long term incentive plan.

For

Issuer

For

With

Ratify the appointment of KPMG LLP.

For

Issuer

For

With

STEWART INFORMATION SERVICES CORPORATION

	Ticker Symbol:STC	Cusip Number:860372101
	Record Date: 3/24/2014	Meeting Date: 5/2/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 5 Directors.

For

Issuer

For

With

Approve named executive officers pay (non-binding).

For

Issuer

For

With

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

Approve Long-term incentive plan.

For

Issuer

For

With

Approve annual bonus plan.

For

Issuer

For

With

Approve By-laws change to majority voting standard.

For

Issuer

For

With

TETRA TECHNOLOGIES, INC.

	Ticker Symbol:TTI	Cusip Number:88162F105
	Record Date: 3/7/2014	Meeting Date: 5/6/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 9 Directors.

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

Approve, on an advisory basis, named executive officer compensation.

For

Issuer

For

With

TRAVELCENTERS OF AMERICA, LLC

	Ticker Symbol:TA	Cusip Number:894174101
	Record Date: 3/10/2014	Meeting Date: 6/19/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1.1

Elect 1 Independent Director(Koumantzelis).

For

Issuer

For

With

1.2

Elect 1 Non Independent Director(Portnoy).

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

TRINITY BIOTECH PLC

	Ticker Symbol:TRIB	Cusip Number:896438306
	Record Date: 4/29/2014	Meeting Date: 6/6/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve Financial Statements.

For

Issuer

For

With

Elect one director.

For

Issuer

For

With

Authorize board to fix auditor's renumeration.

For

Issuer

For

With

Approve final dividend FY 12/31/2013.

For

Issuer

For

With

Authorize the company to make one or more overseas market purchases.

For

Issuer

For

With

Approve re-issue price range of treasury shares.

For

Issuer

For

With

UNS ENERGY CORP (SPECIAL MEETING)

	Ticker Symbol:UNS	Cusip Number:903119105
	Record Date: 2/14/2014	Meeting Date: 3/26/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve and Adopt plan of Merger.

For

Issuer

For

With

Approve executive compensation (non-binding).

For

Issuer

For

With

To adjourn the Special meeting if necessary to solicit additional proxies.

For

Issuer

For

With

UNS ENERGY CORPORATION

	Ticker Symbol:UNS	Cusip Number:909205106
	Record Date: 3/10/2014	Meeting Date: 5/2/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 11 Directors.

For

Issuer

For

With

Ratify appointment of PricewaterhouseCoopers LLP as independent auditor.

For

Issuer

For

With

Approve executive compensation (non-binding).

For

Issuer

For

With

VISHAY INTERTECHNOLOGY, INC.

	Ticker Symbol:VSH	Cusip Number:928298108
	Record Date: 3/28/2014	Meeting Date: 5/20/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 3 directors.

For

Issuer

For

With

Ratify the selection of Ernst & Young LLP as auditor.

For

Issuer

For

With

Approve (non binding) executive compensation.

Against

Issuer

For

Against

Approve 2007 stock incentive plan.

For

Issuer

For

With

VISTEON CORPORATION

	Ticker Symbol:VC	Cusip Number:92839U206
	Record Date: 4/15/2014	Meeting Date: 6/12/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

1A-H

Elect 8 Directors.

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

Advisory vote on company's executive compensation.

For

Issuer

For

With

VITESSE SEMICONDUCTOR CORPORATION

	Ticker Symbol:VTSS	Cusip Number:92763A101
	Record Date: 12/23/2013	Meeting Date: 2/19/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 7 directors.

For

Issuer

For

With

Approve an amendment to the 2011 employee stock purchase plan.

For

Issuer

For

With

To hold an advisory vote on executive compensation.

For

Issuer

For

With

Ratify the selection of BDO USA, LLP as Independent Auditor.

For

Issuer

For

With

VONAGE HOLDINGS CORP.

	Ticker Symbol:VG	Cusip Number:92886T201
	Record Date: 4/7/2014	Meeting Date: 5/29/2014

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect 4 directors

For

Issuer

For

With

Ratify the appointment of BDO USA, LLP as auditor.

For

Issuer

For

With

Advisory vote to approve executive compensation.

Against

Issuer

For

Against

* 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.

Adirondack Funds

By /s/Gregory A. Roeder

* Gregory A. Roeder

President

By /s/Matthew Reiner

* Matthew Reiner

Treasurer and Principal Financial Officer

Date: August 26, 2014

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