N-PX 1 npx-0606.htm CHURCH CAPITAL INVESTMENT TRUST - N-PX
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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  811-21753

Church Capital Investment Trust
Exact name of registrant as specified in charter)
 
301 Oxford Valley Road, Suite 801B
Yardley, Pennsylvania
19067
(Address of principal executive offices)
(Zip code)
 
Christy Oeth
Church Capital Management, LLC
301 Oxford Valley Road, Suite 801B Yardley, PA 19067
(Name and address of agent for service)

Registrant’s telephone number, including area code: (215) 321-1900
 
Date of fiscal year end: November 30

Date of reporting period: July 1, 2005 - June 30, 2006

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 (17 CFR 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, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

SEC 2451 (4-03)
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.


ITEM 1. PROXY VOTING RECORD:

Appended hereto as Exhibit A is the following information indicating for each matter relating to a portfolio security owned by the Registrant considered at any shareholder meeting held during the twelve month period ended June 30 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.

[See General Instruction F]

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.

* Print the name and title of each signing officer under his or her signature.
 
(Registrant)
Church Capital Investment Trust
  
     
By (Signature and Title)*
/s/ Gregory A. Church
  
 
Gregory A. Church, President
  

 
Date: August 7, 2006
 
 
EXHIBIT A
 
 

Issuer Name
Ticker
Symbol
CUSIP
Shareholder Meeting Date
Brief Identification of the Matter Voted On
Proposed by Issuer or Security Holder?
Did the Fun Vote?
How did the Fund Cast its Vote?
For, Against, Abstain
Did the Fund vote For or Against Management?
General Electric
GE
369604103
04/26/06
Directors
Issuer
Y
For
For
 
 
 
 
Selection of independent auditor
Issuer
y
for
for
 
 
 
 
Cumulative voting
Security Holder
y
against
for
 
 
 
 
Curb over-extended directors
Security Holder
y
against
for
 
 
 
 
One director from the ranks of retirees
Security Holder
y
against
for
 
 
 
 
Independent board chairman
Security Holder
y
against
for
 
 
 
 
Director elction majority vote standard
Security Holder
y
against
for
 
 
 
 
Report on global warming science
Security Holder
y
against
for
Time Warner
TWX
887317105
05/19/06
Directors
Issuer
y
for
for
 
 
 
 
Ratification of auditors
Issuer
y
for
for
 
 
 
 
Approval of stock incentive plan
Issuer
y
for
for
 
 
 
 
Stockholder proposal regarding simple majority vote
Security Holder
y
against
for
 
 
 
 
Stockholder proposal regarding separation of roles of chairman and ceo
Security Holder
y
against
for
 
 
 
 
Stockholder proposal regarding code of vendor conduct
Security Holder
y
against
for
Royal Dutch Shell
RDSA
780259206
05/16/06
Directors
Issuer
y
for
for
 
 
 
 
Adoption of annual report and accounts
Issuer
y
for
for
 
 
 
 
Approval of remuneration report
Issuer
y
for
for
 
 
 
 
Reappointment of auditors
Issuer
y
for
for
 
 
 
 
Remuneration of auditors
Issuer
y
for
for
 
 
 
 
Authority to allot shares
Issuer
y
for
for
 
 
 
 
Disapplication of pre-emption rights
Issuer
y
for
for
 
 
 
 
Authority to purchase own shares
Issuer
y
for
for
 
 
 
 
Authority for certain donations and expenditure
Issuer
y
for
for
 
 
 
 
Shareholder resolution
Security Holder
y
abstain
not applicable
Transocean Inc.
RIG
G90078OIH
05/11/06
Directors
Issuer
y
for
for
 
 
 
 
Ernst & Young to serve as accounting firm for 2006
Issuer
y
for
for
Hanover Compressor Company
HC
410768OIH
05/11/06
Directors
Issuer
y
for
for
 
 
 
 
Ratification of reaapointment of Pricewaterhousecoopers LLP
Issuer
y
for
for
 
 
 
 
Approval of stock incentive plan
Issuer
y
for
for
Baxter International
BAX
071813109
05/09/06
Directors
Issuer
y
for
for
 
 
 
 
Ratification of independent registered public accounting firm
Issuer
y
for
for
 
 
 
 
Proposal to amend article six of the restated certificate of incorporation eliminating classified structure of BOD
Issuer
y
for
for
 
 
 
 
Proposal to amend article fifth of the restated certificate of incoporation to reduce min. & max. # of directors
Issuer
y
for
for
 
 
 
 
Proposal relating to redemption of shareholders rights plan
Security Holder
y
against
for
Bank of America
BAC
060505104
04/26/06
Directors
Issuer
y
for
for
 
 
 
 
Ratification of independent registered public accounting firm
Issuer
y
for
for
 
 
 
 
Adopt an amendment to the 2003 key associate stock plan
Issuer
y
for
for
 
 
 
 
Stockholder proposal- political contributions
Security Holder
y
against
for
 
 
 
 
Stockholder proposal- majority voting in director elections
Security Holder
y
against
for
 
 
 
 
Stockholder proposal- independent board chairman
Security Holder
y
against
for
 
 
 
 
Stockholder proposal- EEO policy
Security Holder
y
against
for
Coca-Cola Enterprises Inc
CCE
191219104
04/28/06
Directors
Issuer
y
for
for
 
 
 
 
Ratify appt. of Ernst & Young
Issuer
y
for
for
 
 
 
 
Shareholder proposal to request shareowner approval of certain severance agreements
Security Holder
y
against
for
Texas Instruments
TXN
882508104
04/20/06
Directors
Issuer
y
for
for
 
 
 
 
Ratify appt. of Ernst & Young
Issuer
y
for
for
Corning Inc.
GLW
219350105
04/27/06
Directors
Issuer
y
for
for
 
 
 
 
Approval of admendment of the 2002 worldwide employee share purchase plan
Issuer
y
for
for
 
 
 
 
Approval of adoption of the 2006 variable compensation plan
Issuer
y
for
for
 
 
 
 
Approval of amendment of the 2003 equity plan for non-employee directors
Issuer
y
for
for
 
 
 
 
Proposal to ratify the appt. of pricewaterhousecoopers llp
Issuer
y
for
for
 
 
 
 
Shareholder proposal relating to the election of each director annually
Security Holder
y
against
for
Citigroup Inc
C
172967101
04/18/06
Directors
Issuer
y
for
for
 
 
 
 
Proposal to ratify selection of KPMG LLP as independent registered public accounting firm for 2006
Issuer
y
for
for
 
 
 
 
Proposal to amend article 4 of the restated certificate of inc.
Issuer
y
for
for
 
 
 
 
Proposal to amend article 8 of the restated certificate of incorporation
Issuer
y
for
for
 
 
 
 
Proposal to amend article 9 of the restated certificate of incorporation
Issuer
y
for
for
 
 
 
 
Stockholder proposal requesting no future new stock option grants and no renewal or repricing of current stock options
Security Holder
y
against
for
 
 
 
 
Stockholder proposal requesting a report of political contributions
Security Holder
y
against
for
 
 
 
 
Stockholder proposal requesting a report on charitable contributions
Security Holder
y
against
for
 
 
 
 
Stockholder proposal requesting the adoption of a policy regarding performance-based equity compensatuion for senior executives
Security Holder
y
against
for
 
 
 
 
Stockholder proposal regarding reimbursement of expenses incurred by a stockholder in a contested election of directors
Security Holder
y
against
for
 
 
 
 
Stockholder proposal requesting that the chairman of the board have no management duties, titles or responsibilites
Security Holder
y
against
for
 
 
 
 
Stockholder proposal requesting the recoupment of management bonuses in the event of a restatement of earnings
Security Holder
y
against
for
Honeywell International Inc.
HON
438516106
04/24/06
Directors
Issuer
y
for
for
 
 
 
 
Approval of independent accountants
Issuer
y
for
for
 
 
 
 
Approval of 2006 stock incentive plan
Issuer
y
for
for
 
 
 
 
Approval of 2006 stock plan for nonemployee directors
Issuer
y
for
for
 
 
 
 
Majority vote
Security Holder
y
against
for
 
 
 
 
Director compensation
Security Holder
y
against
for
 
 
 
 
Recoup unearned mamagement bonuses
Security Holder
y
against
for
 
 
 
 
Onondaga lake environmental pollution
Security Holder
y
against
for
 
 
 
 
Separate vote on golden payments
Security Holder
y
against
for
Halliburton Company
HAL
406216OIH
05/17/06
Directors
Issuer
y
for
for
 
 
 
 
Proposal for ratification of the selection of auditors
Issuer
y
for
for
 
 
 
 
Proposal to amend certificate of incorporation
Issuer
y
for
for
 
 
 
 
Proposal on severance agreements
Issuer
y
for
for
 
 
 
 
Proposal on human rights review
Security Holder
y
against
for
 
 
 
 
Proposal on director election vote threshold
Security Holder
y
against
for
 
 
 
 
Proposal on poison pill
Security Holder
y
against
for
Cimarex Energy Co.
XEC
171798101
05/17/06
Directors
Issuer
y
for
for
 
 
 
 
Approve performance goals toward restricted stock to obtain federal income tax deductions
Issuer
y
for
for
 
 
 
 
Ratify appt. of KPMG LLP as independent auditors
Issuer
y
for
for
Nabors Industries LTD
NBR
G6359F103
06/06/06
Directors
Issuer
y
for
for
 
 
 
 
Appointment of Pricewaterhousecoopers LLP as independent auditors and to authorize the audit committee of the board of directors to set auditors remuneration
Issuer
y
for
for
 
 
 
 
Management proposal- approval of the company's amended and restated 2003 employee stock plan
Issuer
y
for
for
Gannett Co., Inc.
GCI
364730101
04/18/06
Directors
Issuer
y
for
for
 
 
 
 
Proposal to ratify Ernst & Young LLP as independent registered public acctg firm for 2006
Issuer
y
for
for
 
 
 
 
Proposal to approve 2001 Omnibus Incentive Comp Plan
Issuer
y
for
for
 
 
 
 
Shareholder proposal concerning annual election of directors
Security Holder
y
against
for
 
 
 
 
Shareholder proposal concerning independent Board Chairman
Security Holder
y
against
for