0000315774-11-000216.txt : 20110805 0000315774-11-000216.hdr.sgml : 20110805 20110805132346 ACCESSION NUMBER: 0000315774-11-000216 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110805 DATE AS OF CHANGE: 20110805 EFFECTIVENESS DATE: 20110805 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Chou America Mutual Funds CENTRAL INDEX KEY: 0001486174 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-22394 FILM NUMBER: 111013456 BUSINESS ADDRESS: STREET 1: THREE CANAL PLAZA STREET 2: SUITE 600 CITY: PORTLAND STATE: ME ZIP: 04101 BUSINESS PHONE: (207) 347-2088 MAIL ADDRESS: STREET 1: THREE CANAL PLAZA STREET 2: SUITE 600 CITY: PORTLAND STATE: ME ZIP: 04101 FORMER COMPANY: FORMER CONFORMED NAME: Chou U.S. Mutual Funds DATE OF NAME CHANGE: 20100303 0001486174 S000028950 Chou Equity Opportunity Fund C000088915 Chou Equity Opportunity Fund 0001486174 S000028951 Chou Income Opportunity Fund C000088916 Chou Income Opportunity Fund N-PX 1 dnpx.htm CHOU AMERICA MUTUAL FUNDS dnpx.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM N-PX
 
ANNUAL REPORT OF PROXY VOTING RECORED OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number 811-22394

CHOU AMERICA MUTUAL FUNDS
Three Canal Plaza, Suite 600
Portland, Maine 04101
(207) 347-2088

Francis S.M. Chou, President
 Three Canal Plaza, Suite 600
Portland, Maine 04101
(207) 347-2088

Date of fiscal year end:

DECEMBER 31
Chou Equity Opportunity Fund and Chou Income Opportunity Fund

Date of reporting period: July 1, 2010 - June 30, 2011

 
 
 
CHOU EQUITY OPPORTUNITY FUND

Issuer Name
Exchange Ticker Symbol
CUSIP #
Shareholder
Meeting Date
Proposal/Description of the Matter Voted
Proposed by Issurer/Shareholder
Did Fund Cast Vote
on Matter (Y/N)
How Vote was Cast (For/Against Proposal or Abstain)
Fund Vote For/ Against Management
UTStarcom, Inc.
UTSI
918076100
Dec. 13, 2010
01. Election of Director: Thomas J. Toy
Management
Y
For
For
       
02. Ratify the Appointment of PriceWaterhouseCoopers Zhong Tian CPAs Limited Company as Independent Registered Public Accounting Firm.
Management
Y
For
For
ASTA Funding, Inc.
ASFI
046220109
Jan. 13, 2011
01. Election of Director: Gary Stern
Management
Y
For
For
       
01. Election of Director: Arthur Stern
Management
Y
For
For
       
01. Election of Director:  Herman Badillo
Management
Y
For
For
       
01. Election of Director: David Slackman
Management
Y
For
For
       
01. Election of Director: Edward Celano
Management
Y
For
For
       
01. Election of Director: Harvey Leibowitz
Management
Y
For
For
       
01. Election of Director: Louis A. Piccolo
Management
Y
For
For
       
02. Ratification of Grant Thornton LLP as Independent Registered Public Accounting Firm
Management
Y
For
For
Office Depot, Inc.
ODP
676220106
Apr. 21, 2011
01. Election of Director: Neil R. Austrian
Management
Y
For
For
       
02. Election of Director: Justin Bateman
Management
Y
For
For
       
03. Election of Director: Thomas J. Colligan
Management
Y
For
For
       
04. Election of Director: Marsha J. Evans
Management
Y
For
For
       
05. Election of Director: David I. Fuente
Management
Y
For
For
       
06. Election of Director: Brenda J. Gaines
Management
Y
For
For
       
07. Election of Director: Myra M. Hart
Management
Y
For
For
       
08. Election of Director: W. Scott Hedrick
Management
Y
For
For
       
09. Election of Director: Kathleen Mason
Management
Y
For
For
       
10. Election of Director: James S. Rubin
Management
Y
Against
Against
       
11. Election of Director: Raymond Svider
Management
Y
Against
Against
       
12. Ratification of appointment of Deloitte &
        
       
Touche LLP as the company's Independent Public
        
       
Accountants.
Management
Y
For
For
       
13. An advisory vote on executive compensation.
Management
Y
Against
Against
       
14. An advisory vote on the frequency of holding
        
       
an advisory vote on executive compensation.
Management
Y
1 Year
For
       
15. To approve an amendment to our 2007
        
       
long-term incentive plan.
Management
Y
For
For
       
16. A proposal from a shareholder recommending
        
       
that our board of directors amend the company's
        
       
Bylaws (and each appropriate document) to give
        
       
holders of 10% or more of the company's
        
       
outstanding common stock (or the lowest
        
       
percentage permited by law above 10%) the
        
       
power to call a special shareholder meeting.
Shareholder
Y
For
Against
Sears Holdings Corpoation
SHLD
812350106
May 3, 2011
01. Election of Director: Louis J. D'Ambrosio
Management
Y
For
For
       
01. Election of Director: William C. Kunkler, III
Management
Y
For
For
       
01. Election of Director: Edward S. Lampert
Management
Y
For
For
       
01. Election of Director: Steven T. Mnuchin
Management
Y
For
For
       
01. Election of Director: Ann N. Reese
Management
Y
For
For
       
01. Election of Director: Emily Scott
Management
Y
For
For
       
01. Election of Director: Thomas J. Tisch
Management
Y
For
For
       
02. Advisory vote on the compensation of our
        
       
named executive officers.
Management
Y
For
For
       
03. Advisory vote on the frequency of advisory
        
       
vote on the compensation of our named
        
       
executive officers.
Management
Y
For
For
       
04. Ratify the appointment by the Audit Committee
        
       
of Deloitte & Touche LLP as the Company's
        
       
Independent Registered Public Accounting Firm for
        
       
fiscal year 2011.
Management
Y
1 Year
For
       
05. Stockholder proposal to require disclosure
        
       
regarding corporate political contributions.
Shareholder
Y
For
Against
Overstock.com, Inc.
OSTK
690370101
May 4, 2011
01. Election of Director: Allison H. Abraham
Management
Y
For
For
       
01. Election of Director: Samuel A. Mitchell
Management
Y
For
For
       
01. Election of Director: Stormy D. Simon
Management
Y
For
For
       
02. The ratification of the selection by the Audit
        
       
Committee of the Company's Board of Directors of
        
       
KPMG LLP as the Company's Independent
        
       
Registered Public Accounting Firm for the fiscal
        
       
year ending December 31, 2011.
Management
Y
For
For
       
03. Advisory vote on executive compension.
Management
Y
For
For
       
04. Advisory vote on the frequency of advisory
        
       
stockholder votes on executive compensation.
Management
Y
3 Years
For
Sprint Nextel Corporation
S
852061100
May 10, 2011
01. Election of Director: Robert R. Bennett
Management
Y
For
For
       
02. Election of Director: Gordon M. Bethune
Management
Y
For
For
       
03. Election of Director: Larry C. Glasscock
Management
Y
For
For
       
04. Election of Director: James H. Hance, JR.
Management
Y
For
For
       
05. Election of Director: Daniel R. Hesse
Management
Y
For
For
       
06. Election of Director: V. Janet Hill
Management
Y
For
For
       
07. Election of Director: Frank Ianna
Management
Y
For
For
       
08. Election of Director: Sven-Christer Nilsson
Management
Y
For
For
       
09. Election of Director: William R. Nuti
Management
Y
For
For
       
10. Election of Director: Rodney O'Neal
Management
Y
For
For
       
11. To ratify the appointment of KPMG LLP as the
        
       
Independent Registered Public Accounting Firm of
        
       
Sprint Nextel for 2011.
Management
Y
For
For
       
12. To approve, by a non-binding advisory vote, our
        
       
executive compensation.
Management
Y
For
For
       
13. To recommend, by a not-binding advisory vote,
        
       
the frequency of advisory votes on our executive
        
       
compensation.
Management
Y
1 Year
For
       
14. To vote on a shareholder proposal concerning
        
       
political contributions.
Shareholder
Y
Abstain
Against
       
15. To vote on a shareholder proposal concerning
        
       
the retention of equity awards.
Shareholder
Y
Abstain
Against
       
16. To vote on a shareholder proposal requesting
        
       
change to a voting requirement.
Shareholder
Y
Abstain
Against
Radioshack Corporation
RSH
750438103
May 19 2011
01. Election of Director: Frank J. Belatti
Management
Y
For
For
       
02. Election of Director: Daniel R. Feehan
Management
Y
For
For
       
03. Election of Director: James F. Gooch
Management
Y
For
For
       
04. Election of Director: H. Eugene Lockhart
Management
Y
For
For
       
05. Election of Director: Jack L. Messman
Management
Y
For
For
       
06. Election of Director: Thomas G. Plaskett
Management
Y
For
For
       
07. Election of Director: Edwina D. Woodbury
Management
Y
For
For
       
08. Ratification of the appointment of
        
       
Pricewaterhousecoopers LLP as Independent
        
       
Registered Public Accounting Firm of Radioshack
        
       
Corporation to serve for the 2011 fiscal year.
Management
Y
For
For
       
09. To approve, by non-binding vote, executive
        
       
compensation.
Management
Y
For
For
       
10. To approve, by non-binding vote, the frequency
        
       
of executive compensation votes.
Management
Y
1 Year
For
Mannkind Corporation
MNKD
56400P201
June 2, 2011
01. Election of Director: Alfred E. Mann
Management
Y
For
For
       
01. Election of Director: Hakan S. Edstrom
Management
Y
For
For
       
01. Election of Director: Abraham E. Cohen
Management
Y
For
For
       
01. Election of Director: Ronald Consiglio
Management
Y
For
For
       
01. Election of Director: Michael Friedman
Management
Y
For
For
       
01. Election of Director: Kent Kresa
Management
Y
For
For
       
01. Election of Director: David H. Maccallum
Management
Y
For
For
       
01. Election of Director: Henry L. Nordhoff
Management
Y
For
For
       
01. Election of Director: James S. Shannon
Management
Y
For
For
       
02. To approve an amendment to Mannkind's
        
       
amended and restated certificate of
        
       
incorporation to increase the authorized number
        
       
of shares of common stock from 200,000,000
        
       
shares to 250,000,000 shares.
Management
Y
For
For
       
03. To approve an amendment to Mannkind's
        
       
2004 Equity Incentive Plan.
Management
Y
For
For
       
04. To approve , on an advisory basis, the
        
       
compensation of the named executive officers of
        
       
Mannkind, as disclosed in Mannkind's Proxy
        
       
Statement for the Annual Meeting.
Management
Y
For
For
       
05. To indicate, on an advisory basis, the preferred
        
       
frequency of stockholder advisory vote on the
        
       
compensation of the named executive officers of
        
       
Mannkind.
Management
Y
1 Year
For
       
06. To ratify the selection by the Audit Committee
        
       
of the Board of Directors of Deloitte & Touche LLP
        
       
as Independent Registered Public Accounting Firm
        
       
of Mannkind for its fiscal year ending December
        
       
31, 2011.
Management
Y
For
For
Village Farms Intl Inc.
VFFIF
92707Y108
June 21, 2011
01. Please note that shareholders are allowed to
        
       
vote 'In Favor' or 'Abstain' only for resolution
        
       
numbers "1.1 to 1.6 and 2". Thanks you.
Non-Voting
      
       
02. Election of Director: Christopher Woodward
Management
Y
For
For
       
03. Election of Director: Heinz Wehner
Management
Y
For
For
       
04. Election of Director: John Henry
Management
Y
For
For
       
05. Election of Director: John Mclernon
Management
Y
For
For
       
06. Election of Director: Michael Degiglio
Management
Y
For
For
       
07. Election of Director: David Holewinski
Management
Y
For
For
       
08. Appointment of Pricewaterhousecoopers LLP
        
       
as auditors of Village Farms International, Inc. for
        
       
the ensuing year and authorizing the directors to
        
       
fix their renumeration.
Management
Y
For
For
UTStarcom, Inc.
UTSI
918076100
June 24, 2011
01. Election of Director: Jack Lu
Management
Y
For
For
       
02. Election of Director: Baichuan Du
Management
Y
For
For
       
03. Election of Director: Xiaoping Li
Management
Y
For
For
       
04. The ratification and approval of the
        
       
 appointment of Pricewaterhousecoopers
        
       
Zhong Tian CPAs Limited Company as UTStarcom,
        
       
Inc.'s Independent Registered Public Accounting
        
       
Firm for the fiscal year.
Management
Y
For
For
       
05. The approval of 2010 compensation awarded to
        
       
named executive officers.
Management
Y
For
For
       
06. The frequency of future stockholder advisory
        
       
votes regarding executive compensation.
Management
Y
1 Year
Against
       
07. The adoption of the agreement and plan of
        
       
merger and reorganization, entered into as of
        
       
April 25, 2011, by and among UTStarcom, Inc., a
        
       
Delaware Corporation, UTStarcom Holding Corp.,
        
       
a Cayman Islands Exempted Company and a
        
       
wholly-owned subsidiary of UTStarcom, Inc., and
        
       
UTSI Mergeco Inc.. All as more fully described in
        
       
the Proxy Statement.
Management
Y
For
For

 
 
 
CHOU INCOME OPPORTUNITY FUND
Issuer Name
Exchange Ticker Symbol
CUSIP #
Shareholder
Meeting Date
Proposal/Description of the Matter Voted
Proposed by Issurer/Shareholder
Did Fund Cast Vote
on Matter (Y/N)
How Vote was Cast (For/Against Proposal or Abstain)
Fund Vote For/ Against Management
AbitibiBowater Inc.
ABH
003687209
June 9 2011
01. Election of Director: Richard B. Evans
Management
Y
For
For
       
01. Election of Director: Richard D. Falconer
Management
Y
For
For
       
01. Election of Director: Richard Garneau
Management
Y
For
For
       
01. Election of Director: Jeffrey A. Hearn
Management
Y
For
For
       
01. Election of Director: Alain Rheaume
Management
Y
For
For
       
01. Election of Director: Paul C. Rivett
Management
Y
For
For
       
01. Election of Director: Michael Rousseau
Management
Y
For
For
       
01. Election of Director: David H. Wilkins
Management
Y
For
For
       
02. Ratification of Pricewaterhousecoopers LLP
        
       
appointment.
Management
Y
For
For
       
03. Advisory vote on executive compensation
        
       
(say-on-pay).
Management
Y
For
For
       
04. Advisory vote on the frequency of say-on-pay.
Management
Y
1 Year
For

 
 
 

 
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.

CHOU AMERICA MUTUAL FUNDS


By:           /s/ Francis Chou                            
 Francis S.M. Chou, President and Principal Executive Officer

Date:        August 5, 2011