EX-99.77C VOTES 8 cd77sm.txt PROXY VOTE 51556-1 12/18/2002 Notice to Shareholders At a special meeting of shareholders on December 3, 2002, fund shareholders approved the following proposals: o Elect trustees for each fund.* The individuals listed in the table below were elected as trustees for each fund. All trustees served as trustees to the funds prior to the shareholder meeting. ---------------------------- ----------------- --------------- ----------------- Trustee For Withheld Percentage For ---------------------------- ----------------- --------------- ----------------- ---------------------------- ----------------- --------------- ----------------- John J. Brennan 70,380,839,727 1,259,995,409 98.2% ---------------------------- ----------------- --------------- ----------------- ---------------------------- ----------------- --------------- ----------------- Charles D. Ellis 70,360,941,814 1,279,893,321 98.2 ---------------------------- ----------------- --------------- ----------------- ---------------------------- ----------------- --------------- ----------------- Rajiv L. Gupta 70,274,493,869 1,366,341,266 98.1 ---------------------------- ----------------- --------------- ----------------- ---------------------------- ----------------- --------------- ----------------- JoAnn Heffernan Heisen 70,368,543,153 1,272,291,982 98.2 ---------------------------- ----------------- --------------- ----------------- ---------------------------- ----------------- --------------- ----------------- Burton G. Malkiel 70,284,920,657 1,355,914,478 98.1 ---------------------------- ----------------- --------------- ----------------- ---------------------------- ----------------- --------------- ----------------- Alfred M. Rankin, Jr. 70,401,439,983 1,239,395,152 98.3 ---------------------------- ----------------- --------------- ----------------- ---------------------------- ----------------- --------------- ----------------- J. Lawrence Wilson 70,272,336,850 1,368,498,286 98.1 ---------------------------- ----------------- --------------- ----------------- *Results are for all funds within the same trust. o Change each fund's policy on investing in other mutual funds. This change enables each fund to invest its cash reserves in specially created money market and short-term bond funds. This new cash management program, which is similar to those of other large mutual fund complexes, should help the funds to achieve greater diversification and to earn modestly higher returns on their cash reserves. The funds will need Securities and Exchange Commission approval before implementing this new cash management program.
--------------------- ------------------- ----------------- ---------------- ----------------- -------------- Vanguard Fund For Against Abstain Broker Percentage Non-Votes For --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Index 1,946,387,432 79,968,990 45,828,999 400,505,529 78.7% --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Growth 328,613,564 13,046,876 6,490,741 8,519,213 92.1 Index --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Value 1,108,634,719 54,803,168 22,700,981 43,414,711 90.2 Index --------------------- ------------------- ----------------- ---------------- ----------------- --------------
o Authorize each fund's trustees to change the target index. This change allows each fund's trustees to change the fund's target index if they determine that doing so is in the shareholders' best interests. Any new index chosen for a fund would be required to track the same market segment as the fund's existing index.
--------------------- ------------------- ----------------- ---------------- ----------------- -------------- Vanguard Fund For Against Abstain Broker Percentage Non-Votes For --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Index 1,891,067,522 135,285,695 45,832,204 400,505,529 76.5% --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Growth 322,015,755 18,696,571 7,438,855 8,519,213 90.3 Index --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Value 1,114,977,819 49,514,543 21,646,507 43,414,711 90.7 Index --------------------- ------------------- ----------------- ---------------- ----------------- --------------
o Reclassify each fund as nondiversified. This change to "nondiversified" status enables each fund to continue tracking its target index in the event that the index becomes dominated by a small number of stocks.
--------------------- ------------------- ----------------- ---------------- ----------------- -------------- Vanguard Fund For Against Abstain Broker Percentage Non-Votes For --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Index 1,934,630,493 84,440,105 53,114,824 400,505,529 78.2% --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Growth 332,629,984 8,925,006 6,596,191 8,519,213 93.3 Index --------------------- ------------------- ----------------- ---------------- ----------------- -------------- --------------------- ------------------- ----------------- ---------------- ----------------- -------------- Small-Cap Value 1,118,667,367 43,601,367 23,870,135 43,414,711 91.0 Index --------------------- ------------------- ----------------- ---------------- ----------------- --------------
Note: Vote tabulations are rounded to the nearest whole number.