N-PX 1 adirondacknpx2022.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: July 1, 2021 - June 30, 2022

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

A10 NETWORKS, INC.

	Ticker Symbol:ATEN	Cusip Number:002121101
	Record Date: 4/29/2022	Meeting Date: 6/24/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect five directors.

For

Issuer

For

With

Approve named officer compensation on an advisory basis.

For

Issuer

For

With

Ratify the appointment of Armanino LLP as auditor.

For

Issuer

For

With

ACCURAY INCORPORATED

	Ticker Symbol:ARAY	Cusip Number:004397105
	Record Date: 9/20/2021	Meeting Date: 11/19/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect three directors (Class III).

For

Issuer

For

With

Advisory vote on executive compensation.

Against

Issuer

For

Against

Ratify the appointment of Grant Thornton LLP as auditor.

For

Issuer

For

With

Transact any other business as may properly come before the meeting.

For

Issuer

For

With

ADTRAN INC.

	Ticker Symbol:ADTN	Cusip Number:00738A106
	Record Date: 3/14/2022	Meeting Date: 5/11/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect six directors.

For

Issuer

For

With

Non-binding approval of the executive compensation.

For

Issuer

For

With

Ratify the appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Other such business, may properly come before the annual meeting.

For

Issuer

For

With

ADTRAN INC. (SPECIAL MEETING)

	Ticker Symbol:ADTN	Cusip Number:00738A106
	Record Date: 10/15/2021	Meeting Date: 1/6/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Adopt the business combination agreement dated 8/30/2021.

For

Issuer

For

With

Non-binding approval of the executive compensation payable in connection with the merger.

For

Issuer

For

With

Approve adjournments if necessary to solicit proxies.

For

Issuer

For

With

ALLETE, INC

	Ticker Symbol:ALE	Cusip Number:018522300
	Record Date: 3/11/2022	Meeting Date: 5/10/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine Directors.

For

Issuer

For

With

Advisory vote to approve executive compensation.

For

Issuer

For

With

Approve amendments to the non-employee director stock plan.

For

Issuer

For

With

Ratify the selection of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Transact other such business that may properly come before the meeting.

For

Issuer

For

With

ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.

	Ticker Symbol:MDRX	Cusip Number:01988P108
	Record Date: 3/27/2022	Meeting Date: 5/21/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect six directors.

For

Issuer

For

With

Ratify the selection of Grant Thornton LLP as auditor.

For

Issuer

For

With

Approve named executive officer compensation (non-binding advisory vote).

Against

Issuer

For

Against

ANTERO RESOURCES CORPORATION

	Ticker Symbol:AR	Cusip Number:03674X106
	Record Date: 4/18/2022	Meeting Date: 6/7/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect three directors (Class III).

For

Issuer

For

With

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

Approve on an advisory basis, the compensation of named executive officers.

Against

Issuer

For

Against

Approve frequency of Executive compensation vote.

For

Issuer

For

With

Transact other business that may come before the meeting.

For

Issuer

For

With

ARDMORE SHIPPING CORPORATION

	Ticker Symbol:ASC	Cusip Number:Y0207T100
	Record Date: 4/13/2022	Meeting Date: 6/7/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect two directors.

For

Issuer

For

With

BRIXMOR PROPERTY GROUP INC.

	Ticker Symbol:BRX	Cusip Number:11120U105
	Record Date: 2/10/2022	Meeting Date: 4/27/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Ratify the selection of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

Approve executive compensation (non-binding).

Against

Issuer

For

Against

Approve 2022 Omnibus Incentive Plan.

For

Issuer

For

With

To transact such other business as may come before the annual meeting.

For

Issuer

For

With

CABOT OIL & GAS CORPORATION (SPECIAL MEETING)

	Ticker Symbol:COG	Cusip Number:127097103
	Record Date: 7/24/2021	Meeting Date: 9/29/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve the issuance of shares to merge with Cimarex Energy Co.

Against

Issuer

For

Against

Approve increase in authorized shares.

Against

Issuer

For

Against

CAL MAINE FOODS

	Ticker Symbol:CALM	Cusip Number:128030202
	Record Date: 8/2/2021	Meeting Date: 10/1/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors

For

Issuer

For

With

Ratify the selection of Frost PLLC as auditor.

For

Issuer

For

With

To consider and act upon other such matters that may properly come before the meeting.

For

Issuer

For

With

CELESTICA INC.

	Ticker Symbol:CLS	Cusip Number:15101Q108
	Record Date: 3/12/2022	Meeting Date: 4/28/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Approve KPMG as Auditor.

For

Issuer

For

With

Authorization to fix remuneration of the auditor.

For

Issuer

For

With

Advisory resolution on executive compensation.

Against

Issuer

For

Against

CHICO'S FAS INC.

	Ticker Symbol:CHS	Cusip Number:168615102
	Record Date: 4/25/2022	Meeting Date: 6/23/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Approve executive officer compensation.

Against

Issuer

For

Against

Approve the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

Other business as may properly come before the annual meeting.

For

Issuer

For

With

CLEVELAND-CLIFFS INC.

	Ticker Symbol:CLF	Cusip Number:185899101
	Record Date: 2/25/2022	Meeting Date: 4/24/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect eleven directors.

For

Issuer

For

With

Approve on an advisory basis, executive compensation.

Against

Issuer

For

Against

Ratify the selection of Deloitte & Touche LLP as auditor for 2019.

For

Issuer

For

With

CNO FINANCIAL GROUP, INC.

	Ticker Symbol:CNO	Cusip Number:12621E103
	Record Date: 3/21/2022	Meeting Date: 5/19/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Approve by a non-binding advisory vote, the compensation of the companies named executive officers.

Against

Issuer

For

Against

Approve amended and restated certificate of incorporation to include the replacement NOL protective amendment.

For

Issuer

For

With

Ratify the appointment of PricewaterhouseCoopers LLP as Auditor for 2022.

For

Issuer

For

With

CNX RESOURCES CORP.

	Ticker Symbol:CNX	Cusip Number:12653C108
	Record Date: 3/8/2022	Meeting Date: 5/5/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors.

For

Issuer

For

With

Approve Ernst & Young LLP as auditor.

For

Issuer

For

With

Advisory approval of named executive officer compensation.

Against

Issuer

For

Against

CONDUENT INCORPORATED

	Ticker Symbol:CNDT	Cusip Number:206787103
	Record Date: 3/28/2022	Meeting Date: 5/25/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect eight directors.

For

Issuer

For

With

Ratify the appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Approve on an advisory basis, the compensation of named executive officers.

For

Issuer

For

With

COTERRA ENERGY INC.

	Ticker Symbol:CTRA	Cusip Number:127097103
	Record Date: 3/8/2022	Meeting Date: 4/29/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect ten directors

For

Issuer

For

With

Ratify the selection of PriceWaterhouseCoopers as Auditor.

For

Issuer

For

With

Approve Executive Compensation.

Against

Issuer

For

Against

COVANTA HOLDING CORPORATION (SPECIAL MEETING)

	Ticker Symbol:CVA	Cusip Number:22282E102
	Record Date: 8/15/2021	Meeting Date: 10/12/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Adopt Agreement and Plan of Merger.

For

Issuer

For

With

Approve by non-binding advisory vote the executive compensation payable as a result of the merger.

Against

Issuer

For

Against

Approve meeting adjournments if necessary to solicit additional proxies.

For

Issuer

For

With

DRIVE SHACK INC.

	Ticker Symbol:DS	Cusip Number:262077100
	Record Date: 4/18/2022	Meeting Date: 5/17/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect four directors (2 class II & 2 class III)

Against

Issuer

For

Against

Approve executive compensation.

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

EMCORE CORPORATION

	Ticker Symbol:EMKR	Cusip Number:290846203
	Record Date: 1/13/2022	Meeting Date: 3/11/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect five directors.

For

Issuer

For

With

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

Approve amended 2019 equity incentive plan.

For

Issuer

For

With

Approve on an advisory basis executive compensation.

For

Issuer

For

With

GENWORTH FINANCIAL, INC.

	Ticker Symbol:GNW	Cusip Number:37247D106
	Record Date: 4/6/2022	Meeting Date: 5/19/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Approve executive compensation on an advisory basis.

Against

Issuer

For

Against

Approve KPMG LLP as auditor.

For

Issuer

For

With

GRAFTECH INTERNATIONAL LTD.

	Ticker Symbol:EAF	Cusip Number:384313508
	Record Date: 3/15/2022	Meeting Date: 5/12/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect four directors.

For

Issuer

For

With

Ratify the selection of Deloitte & Touche LLP. as auditor.

For

Issuer

For

With

Approve named executive officer compensation.

For

Issuer

For

With

HANESBRANDS INC.

	Ticker Symbol:HBI	Cusip Number:410345102
	Record Date: 2/15/2022	Meeting Date: 4/26/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect ten directors.

For

Issuer

For

With

Ratify the selection of PricewaterhouseCoopers as Auditor.

For

Issuer

For

With

Approve executive compensation.

For

Issuer

For

With

HARVARD BIOSCIENCE, INC.

	Ticker Symbol:HBIO	Cusip Number:4622247
	Record Date: 3/23/2022	Meeting Date: 5/17/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect two directors.

For

Issuer

For

With

Ratify appointment of Grant Thornton LLP as auditor.

For

Issuer

For

With

Amend employee stock purchase plan.

For

Issuer

For

With

Approve executive officer compensation.

For

Issuer

For

With

HILLMAN SOLUTIONS CORP.

	Ticker Symbol:HLMN	Cusip Number:431636109
	Record Date: 4/18/2022	Meeting Date: 6/14/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect three directors.

For

Issuer

For

With

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

For

Issuer

For

With

Approve frequency of vote on Executive compensation.

For

Issuer

For

With

Ratify Deloitte & Touche as Auditor.

For

Issuer

For

With

Transact other business as may properly come before the annual meeting.

For

Issuer

For

With

HOSTESS BRANDS. INC.

	Ticker Symbol:TWNK	Cusip Number:44109J106
	Record Date: 5/1/2022	Meeting Date: 6/28/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Amend Equity Compensation plan.

For

Issuer

For

With

Approve Employee stock purchase plan.

For

Issuer

For

With

Approve(Advisory) compensation of named executive officers.

For

Issuer

For

With

Ratify selection of KPMG LLP as auditor.

For

Issuer

For

With

To approve other such business that may come before the meeting.

For

Issuer

For

With

INFINERA CORPORATION

	Ticker Symbol:INFN	Cusip Number:45667G103
	Record Date: 3/22/2022	Meeting Date: 5/19/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect three (Class III) directors.

For

Issuer

For

With

Approve amendment to the 2016 equity incentive plan.

For

Issuer

For

With

Approve compensation of named executive officers.

Against

Issuer

For

Against

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

INGLES MARKETS INCORPORATED

	Ticker Symbol:IMKTA	Cusip Number:457030104
	Record Date: 12/17/2021	Meeting Date: 2/15/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors

For

Issuer

For

With

Executive compensation.

For

Issuer

For

With

Approve amendment to articles of incorporation regarding transfers of B share ownership.

Against

Issuer

For

Against

Stockholder proposal on equal voting rights.

For

Stockholder

Against

Stockholder proposal on cage-free egg disclosure.

Against

Stockholder

Against

With

KNOWLES CORPORATION

	Ticker Symbol:KN	Cusip Number:49926D109
	Record Date: 3/1/2022	Meeting Date: 4/26/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Ratify the appointment of PricewaterhouseCoopers LLP as independent auditor.

For

Issuer

For

With

Approve executive compensation.

For

Issuer

For

With

To transact any other business that may properly come before the meeting.

For

Issuer

For

With

LANDCADIA HOLDINGS III, INC.(SPECIAL MEETING)

	Ticker Symbol:LCY	Cusip Number:51476H100
	Record Date: 6/4/2021	Meeting Date: 7/13/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve business combination.

For

Issuer

For

With

Approve amended certificate of incorporation.

For

Issuer

For

With

Approve Bylaw changes.

For

Issuer

For

With

Approve stock issuance.

For

Issuer

For

With

Approve new incentive plan.

For

Issuer

For

With

Approve Employee Stock Purchase Plan.

For

Issuer

For

With

Approve ten directors.

For

Issuer

For

With

Approve meeting adjournment if necessary to solicit votes.

For

Issuer

For

With

LAZARD LTD.

	Ticker Symbol:LAZ	Cusip Number:G54050102
	Record Date: 3/22/2022	Meeting Date: 5/18/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect three directors.

For

Issuer

For

With

Advisory vote on executive compensation.

Against

Issuer

For

Against

Ratify the selection of Deloitte & Touche LLP. as auditor.

For

Issuer

For

With

LSI INDUSTRIES INC.

	Ticker Symbol:LYTS	Cusip Number:50216C108
	Record Date: 9/7/2021	Meeting Date: 11/2/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect six directors.

For

Issuer

For

With

Ratify Grant Thornton LLP as auditor.

For

Issuer

For

With

Advisory vote on the company's executive compensation.

For

Issuer

For

With

Increase authorized stock by 10 million shares.

For

Issuer

For

With

Approve employee stock purchase plan

For

Issuer

For

With

MANITEX INTERNATIONAL, INC.

	Ticker Symbol:MNTX	Cusip Number:563420108
	Record Date: 4/4/2022	Meeting Date: 6/2/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors.

For

Issuer

For

With

Ratify the appointment of Grant Thornton LLP as auditor.

For

Issuer

For

With

Advisory vote to approve compensation of named executive officers.

For

Issuer

For

With

Transact such other business as may properly come before the meeting.

For

Issuer

For

With

MATRIX SERVICE COMPANY

	Ticker Symbol:MTRX	Cusip Number:576853105
	Record Date: 9/3/2021	Meeting Date: 11/2/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors.

For

Issuer

For

With

Ratify Deloitte & Touche LLP as auditor.

For

Issuer

For

With

Conduct advisory vote on executive compensation.

For

Issuer

For

With

To transact other business that may properly come before the meeting.

For

Issuer

For

With

MGIC INVESTMENT CORPORATION

	Ticker Symbol:MTG	Cusip Number:552848103
	Record Date: 3/11/2022	Meeting Date: 4/28/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect thirteen directors.

For

Issuer

For

With

Advisory vote to approve named officer compensation.

Against

Issuer

For

Against

Ratify the appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Any other matters that may come before the meeting.

For

Issuer

For

With

MYERS INDUSTRIES, INC

	Ticker Symbol:MYE	Cusip Number:628464109
	Record Date: 3/5/2022	Meeting Date: 4/29/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect eleven directors.

For

Issuer

For

With

Amend Bylaws (Majority voting for directors).

For

Issuer

For

With

Amend Bylaws (Majority voting for shareholder approval matters).

For

Issuer

For

With

Approve adoption of performance bonus plan.

For

Issuer

For

With

Approve executive compensation (non binding).

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

NATIONAL WESTERN LIFE GROUP, INC.

	Ticker Symbol:NWLI	Cusip Number:638517102
	Record Date: 4/19/2022	Meeting Date: 6/17/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

Against

Issuer

For

Against

Ratify the appointment of BKD, LLP as auditor.

For

Issuer

For

With

Transact other business may properly come before the annual meeting.

For

Issuer

For

With

OLD REPUBLIC INTERNATIONAL CORPORATION

	Ticker Symbol:ORI	Cusip Number:680223104
	Record Date: 3/28/2022	Meeting Date: 5/26/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect four directors.

For

Issuer

For

With

Ratify KPMG LLP as auditor.

For

Issuer

For

With

Approve advisory vote on executive compensation.

For

Issuer

For

With

To transact such other business that may come before the meeting.

For

Issuer

For

With

OWENS-ILLINOIS, INC.

	Ticker Symbol:OI	Cusip Number:690768403
	Record Date: 3/15/2022	Meeting Date: 5/10/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect eleven directors.

For

Issuer

For

With

Ratify the appointment of Ernst & Young LLP as auditor.

For

Issuer

For

With

Approve incentive compensation.

For

Issuer

For

With

Advisory vote on named executive officer compensation.

Against

Issuer

For

Against

PACTIV EVERGREEN INC.

	Ticker Symbol:PTVE	Cusip Number:6952K105
	Record Date: 4/14/2022	Meeting Date: 6/13/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

For

Issuer

For

With

Elect six directors.

For

Issuer

For

With

Ratify PriceWaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Approve a non-binding advisory resolution approving named executive officer compensation.

For

Issuer

For

With

PHOTRONICS, INC.

	Ticker Symbol:PLAB	Cusip Number:719405102
	Record Date: 1/21/2022	Meeting Date: 3/10/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect seven directors.

For

Issuer

For

With

Ratify the selection of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

Approve executive compensation (non binding)

For

Issuer

For

With

PURE CYCLE CORPORATION

	Ticker Symbol:PCYO	Cusip Number:746228303
	Record Date: 11/18/2021	Meeting Date: 1/12/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect six directors.

For

Issuer

For

With

Ratify Plante & Moran PLLC, as auditor.

For

Issuer

For

With

Advisory approval of named executive officer compensation.

For

Issuer

For

With

SANMINA CORPORATION

	Ticker Symbol:SANM	Cusip Number:801056102
	Record Date: 1/20/2022	Meeting Date: 3/14/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect eight directors.

For

Issuer

For

With

Ratify the appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Approve, on an advisory (non-binding) basis, executive officer compensation.

Against

Issuer

For

Against

Approve amendment to the 2019 Equity Incentive Plan.

For

Issuer

For

With

SEABOARD CORPORATION

	Ticker Symbol:SEB	Cusip Number:811543107
	Record Date: 2/28/2022	Meeting Date: 4/25/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect five directors.

Against

Issuer

For

Against

Ratify the appointment of KPMG LLP as auditor.

For

Issuer

For

With

Transact other such business that may come before the meeting.

For

Issuer

For

With

SIRIUSPOINT LTD

	Ticker Symbol:SPNT	Cusip Number:G8192H106
	Record Date: 4/1/2022	Meeting Date: 5/19/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect three directors.

For

Issuer

For

With

Approve non binding advisory vote on executive compensation.

Against

Issuer

For

Against

Approve the appointment of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Transact any other business that may come before the meeting.

For

Issuer

For

With

TIPTREE INC.

	Ticker Symbol:TIPT	Cusip Number:88822Q103
	Record Date: 4/14/2022	Meeting Date: 6/7/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect two directors (Class III).

For

Issuer

For

With

Increase Shares. 2017 Omnibus Incentive Plan.

For

Issuer

For

With

Ratify the selection of Deloitte & Touche LLP as auditor.

For

Issuer

For

With

TRUSTCO BANK CORP NY

	Ticker Symbol:TRST	Cusip Number:898349105
	Record Date: 4/14/2022	Meeting Date: 5/19/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Approve executive compensation (non-Binding).

Against

Issuer

For

Against

Ratify the selection of Crowe LLP as Auditor.

For

Issuer

For

With

Any other business that may come before the meeting.

For

Issuer

For

With

UNDER ARMOUR, INC.

	Ticker Symbol:UAA	Cusip Number:904311107
	Record Date: 2/22/2022	Meeting Date: 5/11/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect ten directors.

For

Issuer

For

With

Approve executive compensation (non-binding).

Against

Issuer

For

Against

Ratify PriceWaterhouseCoopers LLP auditor.

For

Issuer

For

With

UNISYS CORPORATION

	Ticker Symbol:UIS	Cusip Number:909214306
	Record Date: 3/7/2022	Meeting Date: 5/5/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect eleven directors.

For

Issuer

For

With

Ratify the selection of PricewaterhouseCoopers LLP as auditor.

For

Issuer

For

With

Advisory vote approving executive compensation.

For

Issuer

For

With

To conduct any other business that may properly come before the meeting.

For

Issuer

For

With

VISTA OUTDOOR INC.

	Ticker Symbol:VSTO	Cusip Number:928377100
	Record Date: 6/3/2021	Meeting Date: 7/27/2021

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect nine directors.

For

Issuer

For

With

Approve named executive officer compensation.

Against

Issuer

For

Against

Approve frequency of advisory votes on named officer compensation.

For

Issuer

For

With

Ratify the appointment of Deloitte & Touche LLP auditor.

For

Issuer

For

With

VONAGE HOLDINGS CORP. (SPECIAL MEETING)

	Ticker Symbol:VG	Cusip Number:92886T201
	Record Date: 1/5/2022	Meeting Date: 2/9/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Approve agreement and plan of merger.

For

Issuer

For

With

Non-binding approval of executive compensation associated with the proposed merger.

Against

Issuer

For

Against

Approve meeting adjournment if necessary for proxy solicitation.

For

Issuer

For

With

WOLVERINE WORLD WIDE, INC.

	Ticker Symbol:WWW	Cusip Number:978097103
	Record Date: 3/7/2022	Meeting Date: 5/4/2022

Proposal #

Proposal

Vote

Author

MRV*

vs. Mgmt

Elect four directors.

For

Issuer

For

With

Approve named executive officers compensation on an advisory basis.

Against

Issuer

For

Against

Ratify the appointment of Ernst & Young LLP as auditor.

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.

Adirondack Funds

By /s/Gregory A. Roeder

* Gregory A. Roeder

President

By /s/Matthew Reiner

* Matthew Reiner

Treasurer and Principal Financial Officer

Date: August 22, 2022

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