UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD
OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number 811-04010
OCM Mutual Fund
1536 Holmes Street
Livermore, CA 94550
(Address of principal executive offices)
OCM Mutual Fund
Attn: Greg Orrell
1536 Holmes Street
Livermore, CA 94550
(Name and address of agent for service)
Registrant's telephone number, including area code: (925) 455-0802
Date of fiscal year end: November 30
Date of reporting period: July 1, 2012 through June 30, 2013
Item 1. Proxy Voting Record
Company Name | Company | CUSIP | Shareholder | Describe The Matter Voted On | Proposed by Company | Did Orrell | How did Orrell | Votes cast for |
Symbol | Number | Meeting date | or Shareholder | Capital vote? | Capital Vote? | or against Mgt | ||
Argentex Mining Corp. | AGXMF | 04014H108 | 9/18/2012 | 1. Set number of directors at five; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Morgan & Co. as auditors, | ||||||||
directors to fix remuneration; 4. Approve 2012 | ||||||||
stock option plan. | ||||||||
MAG Silver Corp. | MAG CN | 55903Q955 | 10/5/2012 | 1. Set number of directors at nine; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Deloitte & Touche LLP as | ||||||||
auditors, directors to fix remuneration; 4. Ratify, | ||||||||
confirm and approve Company's advance | ||||||||
notice policy. | ||||||||
Royal Gold, Inc. | RGLD | 780287108 | 11/14/2012 | 1. Election of S. Dempsey, T. Jensen, and | Company | Yes | For | For |
G. Bogden to board of directors; 2. Appoint | ||||||||
Ernst & Young as auditors; 3. Approve | ||||||||
resolution relating to executive compensation. | ||||||||
Kingsgate Consolidated Ltd. | KCN AU | Q5318K103 | 11/21/2012 | 1. Re-election of Peter McAleer as director; | Company | Yes | For | For |
2. Ratify and approve previous share issues; | ||||||||
3. Approval of remuneration report; 4. Issue of | ||||||||
performance rights to Gavin Thomas. | ||||||||
Perseus Mining Ltd. | PRU CN | Q74174956 | 11/23/2012 | 1. Adoption of remuneration report; | Company | Yes | For | For |
2-3. Re-election of directors Rhett Brans and | ||||||||
Sean Harvey; 4. Approval of Performance | ||||||||
Rights Plan; 5-7. Issue of performance rights | ||||||||
to Mark Calderwood, Colin Carson and | ||||||||
Rhett Brans. | ||||||||
CGA Mining Ltd. | CGA CN | Q22628954 | 11/28/2012 | 1-3. Re-election of directors Magee, Scott, and | Company | Yes | For | For |
Lockyer; 4. Approval of Loan Funded | ||||||||
Share Plan; 5. Remuneration report. | ||||||||
Indochine Mining Ltd. | IDC AU | Q4880W108 | 11/28/2012 | 1. Adoption of remuneration report; 2-4. Re- | Company | Yes | For | For |
elect John Shaw and Ian Ross as directors; | ||||||||
5. Authorization of issues and options; | ||||||||
6. Approval of 10% placement facility. | ||||||||
Argonaut Gold Ltd. | AR CN | 04016A952 | 12/6/2012 | 1. Issuance of maximum 32,673,683 common | Company | Yes | For | For |
(Special Meeting) | shares of Argonaut Gold Ltd. to holders | |||||||
of Prodigy Gold. | ||||||||
B2Gold Corp. | BTO CN | 11777Q951 | 12/20/2012 | 1. Approve issuance of shares of B2Gold Corp. | Company | Yes | For | For |
(Special Meeting) | in connection with the acquisition of all of the | |||||||
issued and outstanding securities of CGA | ||||||||
Mining Ltd. | ||||||||
CGA Mining Ltd. | CGA CN | Q2262895 | 12/24/2012 | 1. Approve acquisition of CGA Mining Ltd. by | Company | Yes | For | For |
B2Gold Corp. | ||||||||
AngloGold Ashanti Ltd. ADR | AU | 035128206 | 3/11/2013 | 1. Amendments to the rules of AngloGold | Company | Yes | For | For |
(Extraordinary General | Ashanti Ltd. ADR Long-Term Incentive Plan 2005; | |||||||
meeting) | 2. Amendments to the rules of the AngloGold | |||||||
Ashanti Ltd. ADR Limited Bonus Share Plan 2005; | ||||||||
3. Authority to directors and Company secretary to | ||||||||
resolutions 1 & 2. | ||||||||
AngloGold Ashanti Ltd. ADR | AU | 035128206 | 3/27/2013 | 1. Special resolution - Approval of a new Memorandum | Company | Yes | For | For |
(Extraordinary General | of Incorporation for Anglo Gold Ashanti Ltd. ADR; | |||||||
meeting) | 2. Ordinary resolution - Authority to directors | |||||||
and Company secretary to implement resolution 1. | ||||||||
Newmont Mining Corp. | NEM | 651639106 | 4/24/2013 | 1A-1J. Election of directors; 2. Ratify | Company | Yes | For | For |
appointment of PricewaterhouseCoopers LLP | ||||||||
as auditors; 3. Approve named executive | ||||||||
officer compensation; 4. Approve 2013 | ||||||||
stock option plan; 5. Approve performance | ||||||||
pay plan. | ||||||||
Barrick Gold Corp. | ABX | 067901108 | 4/24/2013 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
Coopers LLP as the auditors, directors to fix | ||||||||
remuneration; 3. Resolution on executive | ||||||||
compensation. | ||||||||
Agnico-Eagle Mines Ltd. | AEM | 008474108 | 4/26/2013 | 1. Elect directors; 2. Appoint Ernst & Young | Company | Yes | For | For |
as auditors, directors to fix remuneration; | ||||||||
3. Resolution approving an amendment to the | ||||||||
Company’s stock option plan; 4. Special resolution | ||||||||
approving amendment to Company's Articles | ||||||||
to change the Company's name; 5. Resolution | ||||||||
confirming an amendment to the Company's by- | ||||||||
laws; 6. Non-binding advisory resolution accepting | ||||||||
the Company’s approach to executive | ||||||||
compensation. | ||||||||
Randgold Resources Ltd. ADR | GOLD | 752344309 | 4/29/2013 | 1. Receive audited financial statements year | Company | Yes | For | For |
ending 2012; 2. Declare final dividend of $0.50 | ||||||||
per ordinary share; 3. Approve directors' | ||||||||
remuneration report year ending 12/31/2012; | ||||||||
4-12. Re-elect directors; 13. Re-appoint BDO | ||||||||
as auditors; 14. Authorize directors to determine | ||||||||
remuneration of the auditors; 15. Authority to | ||||||||
allot shares and grant rights to subscribe for | ||||||||
or convert any security into shares; 16. Awards | ||||||||
of ordinary shares to non-executive directors; | ||||||||
17. Authorize the Board to grant CEO a one-off | ||||||||
career shares award of Company ordinary | ||||||||
shares in the Company; 18. Increase fees that | ||||||||
may be paid to directors from $750,000 to | ||||||||
$1,000,000; 19. Authority to disapply | ||||||||
preemption rights; 20. Authority for the | ||||||||
Company to purchase its own ordinary shares. | ||||||||
New Gold, Inc. | NGD | 644535106 | 5/1/2013 | 1. Set number of directors at eight; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Deloitte & Touche LLP as | ||||||||
auditors, directors to fix remuneration. |
Company Name | Company | CUSIP | Shareholder | Describe the Matter Voted on | Proposed by Company | Did Orrell | How did Orrell | Votes cast for |
Symbol | Number | Meeting date | or Shareholder | Capital vote? | Capital Vote? | or against Mgt | ||
Yamana Gold, Inc. | AUY | 98462Y100 | 5/1/2013 | 1. Elect directors; 2. Appoint Deloitte & Touche LLP | Company | Yes | For | For |
as auditors. | ||||||||
Wesdome Gold Mines Ltd. | WDO CN | 95083R951 | 5/1/2013 | 1. Set number of directors at 9; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Grant Thornton LLP as | ||||||||
auditors, directors to fix remuneration. | ||||||||
Eldorado Gold Corp. | EGO | 284902103 | 5/2/2013 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors; 3. Authorize directors to fix auditor's | ||||||||
pay. | ||||||||
Goldcorp, Inc. | GG | 380956409 | 5/2/2013 | A. Elect directors; B. Appoint Deloitte & Touche LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; C. Resolution | ||||||||
approving amendments to the restricted share | ||||||||
unit plan; D. Non-binding advisory resolution | ||||||||
accepting the Company's approach to | ||||||||
executive compensation. | ||||||||
Argonaut Gold Ltd. | AR CN | 04016A952 | 5/7/2013 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
Coopers LLP as auditors, directors to fix | ||||||||
remuneration; 3. Pass resolution to confirm and | ||||||||
ratify an amendment to the general by-law; | ||||||||
4. Confirm and reauthorize Company's 2010 | ||||||||
share incentive plan. | ||||||||
Franco-Nevada Corp. | FNV CN | 349915959 | 5/8/2013 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
Coopers LLP as auditors, directors to fix | ||||||||
remuneration; 3. Acceptance of Corporation's | ||||||||
approach to executive compensation. | ||||||||
Tahoe Resources, Inc. | THO CN | 873868954 | 5/9/2013 | 1. Elect directors; 2. Appoint Deloitte & Touche LLP as | Company | Yes | For | For |
auditors; 3. Approve an amended and restated | ||||||||
share option plan for the Company. | ||||||||
Silver Wheaton Corp. | SLW CN | 828336958 | 5/21/2013 | A. Elect directors; B. Appoint Deloitte & Touch LLP as | Company | Yes | For A-C | For |
auditors, directors to fix remuneration; C. Resolution | Abstain D | |||||||
accepting Company's approach to executive | ||||||||
compensation; D. Such other business as | ||||||||
may properly come before the meeting. | ||||||||
Kinross Gold Corp. | KGC | 496902404 | 5/8/2013 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to set remuneration; | ||||||||
3. Pass an advisory resolution regarding | ||||||||
executive compensation. | ||||||||
Primero Mining Corp. | P CN | 74164W957 | 5/8/2013 | 1. Elect directors; 2. Appoint Deloitte & Touche LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Approve Company's restated stock option | ||||||||
Plan; 4. Approve phantom share unit plan for | ||||||||
employees of the Company. | ||||||||
Claude Resources, Inc. | CRJ CN | 182873950 | 5/9/2013 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; 3. Ratification | ||||||||
of stock option plan; 4. Ratification and approval | ||||||||
of employee share purchase plan. | ||||||||
Centerra Gold, Inc. | CG CN | 152006953 | 5/10/2013 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; 3. Vote | ||||||||
on any other matters that might come before | ||||||||
the Board. | ||||||||
AuRico Gold, Inc. | AUQ | 05155C105 | 5/13/2013 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Approve and ratify the amended restated | ||||||||
shareholder rights plan; 4. Pass an ordinary | ||||||||
resolution to approve long term incentive | ||||||||
plan of the Company. | ||||||||
SEMAFO, Inc. | SMF CN | 816922959 | 5/13/2013 | 1. Elect directors; 2. Appoint Pricewaterhouse- | Company | Yes | For | For |
Coopers LLP as auditors, directors to fix | ||||||||
remuneration; 3. Advisory resolution on the | ||||||||
Corporation's approach to executive compensation. | ||||||||
Centerra Gold, Inc. | CG CN | 152006953 | 5/10/2013 | 1. Elect directors; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration. | ||||||||
Pan American Silver Corp. | PAAS | 697900108 | 5/13/2013 | 1. Elect directors; 2. Appoint Deloitte & Touche LLP as | Company | Yes | For | For |
auditors, authorize directors to fix remuneration; | ||||||||
3. Resolution approving executive compensation. | ||||||||
AngloGold Ashanti Ltd. ADR | AU | 035128206 | 5/13/2013 | 1. Re-appoint Ernst & Young as auditors; | Company | Yes | For | For |
2-4. Elect directors; 5-8. Appoint members of | ||||||||
audit and corporate governance committee; | ||||||||
9. Authority to directors to allot and issue | ||||||||
ordinary shares; 10. Authority to directors | ||||||||
to issue for cash those ordinary shares | ||||||||
placed under the control of the directors; | ||||||||
11. Endorsement of Company's remuneration | ||||||||
policy; S1 Increase in non-executive director's | ||||||||
fees; S2. Increase in non-executive director's | ||||||||
committee fees; S3. Acquisition of Company's | ||||||||
shares; S4 Approval to grant financial | ||||||||
assistance in terms of Sec. 44 and 45. | ||||||||
IAMGOLD Corp. | IAG | 450913108 | 5/21/2013 | 1. Elect director; 2. Appoint KPMG LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Resolution approving executive compensation; | ||||||||
4. Resolution approving that by-law number two | ||||||||
amend by-law number one of the corporation. | ||||||||
Sutter Gold Mining, Inc. | SGM CN | 86944A956 | 6/11/2013 | 1. Elect directors; 2. Appoint Deloitte & Touche LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration; 3. Confirm | ||||||||
Company's stock option plan. | ||||||||
Veris Gold Corp. | VG CN | 92346R951 | 6/18/2013 | 1. Set number of directors at nine; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Deloitte & Touche LLP as auditors; | ||||||||
4. Approve renewal of Company's stock | ||||||||
option plan; 5. Approve resolution adopting | ||||||||
Company's advance notice policy; 6. Approve | ||||||||
Company's shareholder rights plan. | ||||||||
B2Gold Corp. | BTO CN | 11777Q951 | 6/10/2013 | 1. Set number of directors at eight; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint PricewaterhouseCoopers | ||||||||
LLC as auditors, authorize directors to set | ||||||||
remuneration. |
Company Name | Company | CUSIP | Shareholder | Describe The Matter Voted On | Proposed by Company | Did Orrell | How did Orrell | Votes cast for |
Symbol | Number | Meeting date | or Shareholder | Capital vote? | Capital Vote? | or against Mgt | ||
Avala Resources Ltd. | AVZ CN | 05337B959 | 6/12/2013 | 1. Elect directors; 2. Re-appoint Chabot Grant | Company | Yes | For | For |
Thornton LLP as auditors, directors to set | ||||||||
remuneration; 3. Approve Company's 10% | ||||||||
"rolling" stock option plan. | ||||||||
Sabina Silver Corp. | SBB CN | 785246950 | 6/13/2013 | 1. Determine number of directors at ten; | Company | Yes | For | For |
2. Elect directors; 3. Appoint KPMG LLP as | ||||||||
auditors; 4. Approve Company's stock option | ||||||||
plan; 5. Approve resolution of the Company's | ||||||||
advance notice policy. | ||||||||
Fortuna Silver Mines, Inc. | FVI CN | 349915959 | 6/20/2013 | 1. Determine number of directors at seven; | Company | Yes | For 1-9 | For |
2-8. Elect directors; 9. Appoint Deloitte & Touche LLP | Abstain 10 | |||||||
as auditors, directors to fix remuneration; | ||||||||
10. Transact such other business as may | ||||||||
properly come before the meeting. | ||||||||
MAG Silver Corp. | MAG CN | 55903Q955 | 6/18/2013 | 1. Elect directors; 2. Appoint Deloitte & Touche LLC as | Company | Yes | For | For |
auditors, directors to fix remuneration; | ||||||||
3. Approve continuation of shareholder rights | ||||||||
plan. | ||||||||
Endeavour Mining Corp. | EDV CN | G3040R950 | 6/5/2013 | 1. Elect directors; 2. Appoint Deloitte & Touche LLP as | Company | Yes | For | For |
auditors, directors to fix remuneration. | ||||||||
Veris Gold Corp. | VG CN | 92346R951 | 6/14/2013 | 1. Set number of directors at nine; 2. Elect | Company | Yes | For | For |
directors; 3. Appoint Deloitte & Touche LLP as auditors, | ||||||||
directors to set remuneration; 4. Approve | ||||||||
renewal of Company's stock option plan; | ||||||||
5. Approve resolution adopting the Company's | ||||||||
advance notice policy; 6. Approve Company's | ||||||||
shareholder rights plan agreement. | ||||||||
San Gold Corp. | SGR CN | 79780P955 | 6/25/2013 | 1. Elect directors; 2. Appoint Scarrow & | Company | Yes | For 1- 4 | For |
Donald LLP as auditors, directors to fix | Abstain 5 | |||||||
remuneration; 3. Re-approval of stock option | ||||||||
plan; 4. Ratification of the amendment to the | ||||||||
by-laws of the corporation; 5. Transact further | ||||||||
business. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and 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.
OCM Mutual Fund
/s/ Gregory M. Orrell |
Gregory M. Orrell
President
August 15, 2013