N-PX 1 fp0011453_npx.htm fp0011453_npx.htm

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
2600 Kitty Hawk Road
Suite 119
Livermore, CA 94551
 (Address of principal executive offices)
 
OCM Mutual Fund
Attn: Greg Orrell
2600 Kitty Hawk Road
Suite 119
Livermore, CA 94551
 (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, 2013 through June 30, 2014
 
 
 
 
 
Item 1. Proxy Voting Record
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
Amarillo Gold Corp.
AGC CN
02301T959
7/19/2013
1. Set number of directors at 6; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint MSCM LLP as auditors;
        
       
4. Approve resolution regarding stock option plan.
        
                 
Sibanye Gold Ltd. ADR
SBGL
825724206
11/5/2013
1. Approval for allotment and issue of the
Company
Yes
For
For
       
consideration shares; 2. Elect Mr. R.T.L. Chan
        
       
as director; 3. Elect Mr. C.D. Chadwick as
        
       
director.
        
                 
Indochine Mining Ltd.
IDC AU
B4522B3
11/19/2013
2. Adoption of Remuneration report; 3-4. Elect
Company
Yes
For
For
       
Dr. Michael Leggo and Mr. Gavan Farley as
        
       
directors; 5. Ratification of previous issue
        
       
of shares under placement; 6. Approval of
        
       
10% placement facility.
        
                 
 Royal Gold, Inc.
RGLD
780287108
11/20/2013
1. Elect William Hays & Ronald Vance as
Company
Yes
For
For
       
directors; 2. Appoint Ernst & Young as
        
       
auditors; 3. Approve advisory resolution
        
       
relating to executive compensation.
        
                 
Kingsgate Consolidated Ltd.
KCN AU
Q5318K103
11/26/2013
1-2. Re-election of Peter Alexander and Craig
Company
Yes
For 1-4
For
       
Carracher as directors; 3. Approval of
    
Against 5
  
       
remuneration report; 4. Issue of performance
        
       
rights to Gavin Thomas; 5. That another
        
       
shareholders special meeting be held within
        
       
90 days of the company's 2013 annual
        
       
meeting.
        
                 
 Newmont Mining Corp.
NEM
651639106
2/25/2014
1. Elect directors; 2. Ratify appointment of
Company
Yes
For 1-3
For 1-3
       
Independent auditors; 3. Approve executive
    
Against 4
Against 4
       
officer compensation; 4. Stockholder proposal
        
       
regarding political spending disclosure.
        

 
 
 
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
New Gold, Inc.
NGD
644535106
4/30/2014
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditor, directors to fix remuneration; 3. Res-
        
       
olution to approve all unallocated options under
        
       
company's stock option plan; 4. Approve an
        
       
amendment to the company's long term
        
       
incentive plan; 5. Approve non-binding reso-
        
       
ution accepting company's approach to
        
       
executive compensation.
        
                 
 Eldorado Gold Corp.
EGO
284902103
5/1/2014
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For
For
       
auditor; 3. Authorize directors to set auditor's
        
       
pay; 4.  Approve repeal of bylaw number 1
        
       
and adoption of new bylaw number 1; 5.  Approve
        
       
amendments eliminating class of convertible
        
       
non-voting shares; 6. Approve re-stated
        
       
stock option plan for officers and directors;
        
       
7. Approve re-stated stock option plan for
        
       
employees, consultants and advisors;
        
       
8. Approve resolution adopting the new
        
       
performance share unit plan.
        
                 
Goldcorp, Inc.
GG
380956409
5/1/2014
A. Elect directors; B. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditor and authorize directors to fix
        
       
remuneration; C. Resolution approving amend-
        
       
ments to the restricted stock option plan;
        
       
D. Resolution approving amendment to the
        
       
company's stock option plan; E. Non-binding
        
       
resolution approving amendment to
        
       
executive compensation.
        

 
 
 
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
Barrick Gold Corp. ABX 067901108 4/30/2014
1. Elect directors; 2. Appoint Pricewaterhouse
 Company Yes  For  For 
       
LLP as auditors, directors to fix remuneration;
        
       
3. Advisory resolution on executive compen-
        
       
sation; 4. Resolution confirming bylaw number 2.
        
                 
Agnico-Eagle Mines Ltd.
AEM
008474108
5/2/2014
1. Elect directors; 2. Appoint Ernst & Young LLP
Company
Yes
For
For
       
as auditors, authorize directors to fix
        
       
remuneration; 3. Resolution approving an
        
       
amendment to the company's incentive share
        
       
purchase plan; 4. Non-binding advisory reso-
        
       
lution accepting company's approach to
        
       
executive compensation.
        
                 
Randgold Resources Ltd.
GOLD
752344309
5/6/2014
1. Receive audited financial statements and
Company
Yes
For
For
ADR      
directors' reports; 2. Declare a final dividend
        
       
of $0.50 per ordinary share recommended by
        
       
the directors; 3. Approve the directors' report
        
       
for financial year ended 12/31/13; 4. Approve
        
       
directors' remuneration policy report; 5-13. Re-
        
       
elect directors; 14. Re-appoint BDO LLP as
        
       
auditor; 15. Directors to fix remuneration of
        
       
auditors; 16. Increase authorized share
        
       
capital of company; 17. Authority to allot shares
        
       
and grant rights to subscribe for or convert
        
       
any security into shares; 18. Awards of shares
        
       
to non-executive directors; 19. Variation of
        
       
directors powers under the articles of
        
       
association; 20. Authority to disapply pre-
        
       
emptive rights; 21. Authority for the company
        
       
to purchase its own ordinary shares;
        
       
22. Articles of Association; 23. Scrip dividend;
        
       
24. Electronic communications.
        

 
 
 
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
Wesdome Gold Mines Ltd.
WDO CN
95083R951
5/6/2014
1. Election of directors; 2. Appoint Grant
Company
Yes
For
For
       
Thornton LLP as auditor, audit committee to fix
        
       
remuneration; 3. Approve the advance notice
        
       
bylaw of the corporation; 4. Approve new
        
       
rolling 10% stock option plan; 5. Approve
        
       
amendment to the corporation's fixed stock
        
       
option plan, increasing the fixed number of
        
       
stock option shares.
        
                 
Argonaut Gold Ltd.
AR CN
04016A952
5/6/2014
1. Election of directors; 2. Appoint Price-
Company
Yes
For
For
       
waterhousecoopers LLP as auditors,
        
       
authorize directors to fix remuneration.
        
                 
Kinross Gold Corp.
KGC
496902404
5/8/2014
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
        
       
3. Resolution amending stock option plan;
        
       
4. Resolution amending Kinross' restricted share
        
       
plan by increasing number of shares and
        
       
request that settlement of RSUS vesting in 2014
        
       
be in cash instead of shares; 5. Resolution regarding
        
       
executive compensation.
        
                 
Yamana Gold, Inc.
AUY
98462Y100
4/30/2014
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors; 3. Resolution to approve the new
        
       
bylaw number 1; 4. Resolution to accept
        
       
company's approach to executive compen-
        
       
sation.
        
                 
 Mandalay Resources Corp.
MND CN
562568956
5/6/2014
1. Set number of directors at 6; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint Deloitte LLP as auditor,
        
       
directors to fix remuneration; 4. Resolution to
        
       
adopt stock option plan.
        
 
 
 
 
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
Silver Wheaton Corp.
SLW CN
828336958
5/9/2014
A. Elect directors; B. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors, directors to fix their remuneration;
        
       
C. Resolution accepting company's approach
        
       
to executive compensation; D. Resolution approving
        
       
share option plan; E. Resolution confirming the
        
       
adoption of the bylaw regarding requirements for
        
       
the nomination of directors; F. Resolution to bylaws
        
       
to increase quorum at meeting of shareholders
        
       
from 10% to 25%; G. Resolution to modernize and
        
       
enhance notice and signature provisions.
        
                 
Dundee Precious Metals,
DPM CN
265269951
5/7/2014
1. Elect directors; 2. Appoint Pricewaterhouse
Company
Yes
For
For
Inc.      
LLP as auditors, directors to fix their remuner-
        
       
ation; 3. To pass amendments to bylaws to
        
       
increase quorum requirements for meetings
        
       
of shareholders and add an advance
        
       
provision for nomination of directors.
        
                 
Tahoe Resources, Inc.
THO CN
873868954
5/8/2014
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
 
TAHO
873868103
  
auditors; 3. Approve resolution regarding
       
        shareholder rights plan.        
                 
Centerra Gold, Inc.
CG CN
152006953
5/8/2014
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For 1-3
For
       
auditors, directors to fix their remuneration;
    
Abstain #4
  
       
3. Approve amendments to bylaw number 2;
        
       
4. Vote at the discretion of the proxyholder
        
       
variations of the bylaw number 2 and on any other
        
       
matters which come before the meeting.
        
                 
Franco-Nevada Corp.
FNV
351858105
5/7/2014
1. Elect directors; 2. Appoint Pricewaterhouse-
Company
Yes
For
For
 
FNV CN
351858956
  
coopers LLP as auditors, directors to fix their
        
       
remuneration; 3. Accept company's approach
        
       
to executive compensation.
        
 
 
 
 
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
IAMGOLD Corp.
IAG
450913108
5/7/2014
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For
For
       
auditors, directors to fix their remuneration;
    
1. 
1. 
       
3. Accept company's approach to executive
     Withhold
Withhold
       
compensation; 4. Amendments to the share
     for for
       
incentive plan of the corporation be approved.
    
S.J. Letwin
S.J. Letwin
                 
AngloGold Ashanti Ltd.
AU
035128206
5/14/2014
1. Appoint Ernst & Young as auditors; 2-4. Elect
Company
Yes
For
For
ADR      
3 directors; 4-8. Appointment of audit committee;
        
       
9. Authority to directors to allot and issue
        
       
ordinary shares; 10. Non-binding advisory
        
       
endorsement of the Anglo remuneration policy;
        
       
11. General authority to directors to issue
        
       
for cash ordinary shares in terms of resolution
        
       
number 9; 12. Approval of non-executive remuneration for directors; 13. Approval of
       
       
non-executive remuneration for board meetings;
        
       
 14. Amendment of company's memorandum of
       
       
incorporation; 15. Amendment of long-term incentive
        
       
plan; 16. Amendment of bonus share plan;
        
       
17. Authority to acquire company's own shares;
        
       
18. Approval for company to grant financial
        
       
assistance regarding section 44 and 45 of the
        
       
Company's Act; 19. Election of Mr. Hodgson
        
       
as director.
        
                 
AuRico Gold, Inc.
AUQ
05155C105
5/9/2014
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
        
       
3. Resolution confirming company's advance
        
       
notice bylaw; 4. Resolution ratifying amend-
        
       
ments to company's bylaw number 1; 5. Resolution
        
       
ratifying company's restated employee
        
       
share purchase plan and replenish common
        
       
shares reserved for issuance; 6. Resolution accepting
        
       
company's approach to executive compensation.
        
 
 
 
 
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
Alamos Gold, Inc.
AGI
011527108
5/28/2014
1.Set number of directors at 6; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint Ernst & Young LLP as
        
       
auditors, directors to set remuneration.
        
                 
Fortuna Silver Mines, Inc.
FVI CN
349915959
6/19/2014
1.Set number of directors at 7; 2-8. Elect
Company
Yes
For #1-10
For
       
directors; 9. Appoint Deloitte LLP as auditors,
    
Abstain
 
       
directors to fix their remuneration; 10. Ratify
     #11  
       
adoption of company's advance notice policy;
        
       
11. Transact business that may properly come
        
       
before the meeting.
        
                 
Sutter Gold Mining, Inc.
SGM CN
86944A956
6/11/2014
1. Elect directors; 2. Appoint Devisser Gray LLP
Company
Yes
For
For
       
as auditors; 3. Authorize directors to determine
        
       
remuneration; 4. Confirm company's stock
        
       
option plan.
        
                 
 B2Gold Corp.
BTO CN
11777Q951
6/13/2014
1. Set number of directors at 9; 2. Elect
Company
Yes
For 1,2,3,6
For 1,2,3,6
       
directors; 3. Appoint Pricewaterhouse-
    
Against
Against
       
coopers LLP as auditors, directors to fix
     4,5 4,5
       
remuneration; 4. Approve option plan;
        
       
5. Approve RSU plan relating to amendment of
        
       
the RSU plan; 6. Approve advance notice
        
       
policy resolution.
        
                 
Sibanye Gold Ltd. ADR
SBGL
825724206
6/17/2014
1. Re-appointment of auditors; 2-6. Elect
Company
Yes
For
For
       
directors;  7-10. Re-elect members of audit
        
       
committee; 11. Approval for issue of
        
       
authorized but unissued shares;
        
       
 12. Advisory endorsements of: remuneration
        
       
policy for non-executive directors, grant
        
       
financial assistance regarding section 44 and 45
        
       
of the act, acquisition of company's own
        
       
shares.
        
 
 
 
 
 
Company Name
Company
Symbol
CUSIP
Number
Shareholder
Meeting
date
Describe The Matter Voted On
Proposed
by
Company
or
Shareholder
Did
Orrell
Capital
vote?
How
did
Orrell
Capital
vote?
Votes
cast
for or
against
Mgt
Sabina Silver Corp.
SBB CN
785246950
6/12/2014
1. Determine number of directors at 10;
Company
Yes
For
For
       
2. Elect directors; 3. Appoint KPMG LLP as
        
       
auditors.
        
                 
Endeavour Mining Corp.
EDV CN
G3040R950
6/19/2014
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors, remuneration to be fixed by
        
       
directors.
        
                 
MAG Silver Corp.
MAG CN
55903Q955
6/24/2014
1. Set number of directors at 7; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint Deloitte LLP as auditor,
        
       
directors to fix their remuneration; 4. Approve
        
       
re-stated stock option plan; 5. Approve share
        
       
unit plan; 6. Approve director's deferred share
        
       
unit plan.
        
 
 
 
 
 
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 27, 2014