0001398344-15-004684.txt : 20150724 0001398344-15-004684.hdr.sgml : 20150724 20150724104119 ACCESSION NUMBER: 0001398344-15-004684 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20150724 DATE AS OF CHANGE: 20150724 EFFECTIVENESS DATE: 20150724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OCM MUTUAL FUND CENTRAL INDEX KEY: 0000745338 IRS NUMBER: 226444024 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-04010 FILM NUMBER: 151003715 BUSINESS ADDRESS: STREET 1: 1299 OCEAN AVENUE STREET 2: SUITE 210 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 414-299-2000 MAIL ADDRESS: STREET 1: C/O UMB FUND SERVICES, INC. STREET 2: 803 W. MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53233 FORMER COMPANY: FORMER CONFORMED NAME: PIA MUTUAL FUND DATE OF NAME CHANGE: 20030402 FORMER COMPANY: FORMER CONFORMED NAME: MONTEREY MUTUAL FUND DATE OF NAME CHANGE: 19970325 FORMER COMPANY: FORMER CONFORMED NAME: MONITREND MUTUAL FUND DATE OF NAME CHANGE: 19920703 0000745338 S000005294 OCM MUTUAL FUND C000014470 OCM Gold Fund - Investor Class OCMGX C000101831 OCM Gold Fund - Advisor Class OCMAX N-PX 1 fp0015160_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, 2014 through June 30, 2015

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
SPDR GOLD TRUST
GLD
78463V107
7/18/2014
1. Approve amendments to the trust indenture
Company
Yes
For
For
       
that change the manner in which ordinary fees
        
       
and expenses of the trust are paid such that
        
       
in return for a payment to the sponsor of 0.40%
        
       
per year of the daily NAV of the trust, the
        
       
sponsor will be responsible for all other
        
       
ordinary fees and expenses of the trust; 2. To
        
       
approve the amendment to section 3.08 of the
        
       
trust indenture to permit the sponsor to
        
       
compensate affiliates for providing marketing
        
       
and other services to the trust.
        
                 
AMARILLO GOLD
AGC CN
02301T959
7/18/2014
1.  Set number of directors at 5; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint MNP LLP as auditors of
        
       
the company, authorize directors to fix their
        
       
remuneration; 4. Approve ordinary
        
       
resolution approving company's incentive
        
       
stock option Plan, which shall be limited to
        
       
10% of the issued shares of the company at
        
       
the time of any granting of options.
        
                 
B2GOLD
BTO CN
11777Q951
9/12/2014
1. Resolution approving the issuance of
Company
Yes
For
For
       
shares of B2Gold Corp in connection with
        
       
the acquisition of all of the issued and
        
       
outstanding shares of Papillon Resources
        
       
limited under an Australian scheme of
        
       
arrangement.
        

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
ROYAL GOLD
RGLD
780287108
11/14/2014
1.  Elect directors; 2. Ratify appointment of
Company
Yes
For
For
       
Ernst & Young LLP as auditors for fiscal year
        
       
ending June 30, 2015; 3. Proposal to approve
        
       
the advisory resolution relating to executive
        
       
compensation.
        
                 
                 
NEWMONT MINING
NEM
651639106
4/22/2015
1. Elect directors; 2. Approve appointment
Company
Yes
For
For
       
of independent accounting firm; 3. Approve
        
       
named executive officer compensation.
        
                 
                 
ELDORADO GOLD
EGO
284902103
4/30/2015
1.  Elect directors; 2. Appoint KPMG, LLP as
Company
Yes
For
For
       
auditors; 3. Authorize directors to set auditor's
        
       
pay.
        
                 
GOLDCORP
GG
380956409
4/30/2015
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
       
       
3. Res. Approving repeal of By-Law 3 and No. 4 to
        
       
be replaced by an amended by-law no. 4;   4. Res.
        
       
approving amendments to the restricted share
        
       
plan; 5. Non binding res. Re: executive compen-
        
       
sation.
        
                 
YAMANA GOLD
AUY
98462Y100
4/30/2015
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors; 3A. Resolution proposing changes to
        
       
banking and signing authorities and updates to the
        
       
advance notice requirements;  3B. Res. Proposing
        
       
a forum selection provision requiring certain
        
       
disputes to be litigated in Ontario.
        

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
AGNICO EAGLE
AEM
008474108
5/12/2015
1. Elect directors; 2. Appoint Ernst & Young as
Company
Yes
For
For
       
auditors, directors to fix remuneration; 3. Res.
        
       
approving amendment to company's incentive
        
       
share purchase plan; 4. Res. Approving
        
       
amendment to stock option plan; 5. Non-binding
        
       
res. Re: executive compensation.
        
                 
RANDGOLD
GOLD
752344309
5/4/2015
1. Receive audited financial statement;
Company
Yes
For
For
       
2. Declare a final dividend of $0.60 per share
        
       
year ended 12/31/2014; 3. Approve director's
        
       
remuneration report for year 12/31/2014;
       
       
4. Approve director's remuneration policy;
       
       
5-14. Elect directors; 15. Re-appoint BDO, LLP as
        
       
auditors; 16. Authorize directors to set
        
       
remuneration for the auditors; 17. Authority to
        
       
allot shares and grant rights to subscribe for, or
        
       
convert any security into shares; 18. Awards of
        
       
ordinary shares to non-executive directors;
       
       
19. Award of ordinary shares to senior independent
        
       
director; 20. Award ordinary shares to the
        
       
Chairman; 21. Authority to disapply preemption
        
       
rights; 22. Authority for the company to purchase
        
       
its own ordinary shares.
        
                 
AURICO GOLD
AUQ
05155C105
5/7/2015
1. Elect directors; 2. Appoint KMPG LLP as
Company
Yes
For 1, 2
For 1,2
       
auditors, directors to fix remuneration;
   
Against 3,4
Against 3,4
       
3. Resolution approving amendments to the
        
       
company's 2014 ESPP., the unallocated 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
AURICO GOLD (cont)
      
under the 2014 ESPP be re-approved by the
        
       
shareholders; 2014 ESPP may be amended
        
       
in order to satisfy requirements or requests
        
       
by any regulatory authority without further
        
       
approval of shareholders of company; 
       
       
4. Resolution re: executive compensation.
        
                 
KINROSS GOLD
KGC
496902404
5/6/2015
1. Elect directors; 2. Appoint KPMG, LLC as
Company
Yes
For
For
       
auditors, directors to fix remuneration; 3. If
        
       
appropriate, pass resolution re: executive compen-
        
       
sation; 4. Reconfirm shareholder right's plan;
       
       
5. Approve amendments to the Articles of the
        
       
Company; 6. Approve if deemed appropriate
        
       
amendments to the By-Laws of the Company.
        
                 
                 
WESDOME GOLD
WDO CN
95083R951
5/6/2015
1. Elect directors; 2. Appoint Grant Thornton LLP
Company
Yes
For
For
       
as auditors, audit committee to fix remuneration.
        
                 
ANGLOGOLD
AU
035128206
5/6/2015
1. Re-appoint Ernst & Young as auditors; 2. A-C
Company
Yes
For
For
       
Election of directors; 3. A-C Re-elect directors;
        
       
4. B-F Elect Audit & Risk Committee members;
        
       
5. General authority to directors to allot and
        
       
issue ordinary shares; 6A. Amend Anglogold's
        
       
share incentive scheme and increase the limit
        
       
of ordinary shares; 6B. Amend share incentive
        
       
scheme limit of ordinary shares; 7. Non binding
        
       
advisory endorsement re: remuneration policy;
       
       
8. Approval of non-executive directors remuneration
        
       
for their services; 9. Special resolution no. 2
        
       
general authority to directors to issue shares for
        
       
cash; 10. Special res. No. 3 General authority to
        
       
acquire company's own shares; Res. 4 approval
        
       
for the company to grant financial assistance
        

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
ANGLOGOLD  (cont)
      
re: sections 44 and 45 of the company's Act;
        
       
12. Res. No. 5. Amendment to the company's
        
       
memorandum of incorporation (MOI).
        
                 
FRANCO-NEVADA
FNV
351858105
5/6/2015
1. Elect directors; 2. Appoint Pricewaterhouse-
Company
Yes
For
For
       
coopers LLP as auditors, directors to fix  remuner-
        
       
ation; 3. Approval of amendment to by-laws
        
       
requiring advance notice of director nominees
        
       
from shareholders; 4. Approval of amendment to
        
       
by-laws to increase the Quorum required for a
        
       
shareholder meeting; 5. Acceptance re: executive
        
       
compensation.
        
                 
DUNDEE PRECIOUS
DPM CN
265269951
5/7/2015
1. Elect directors; 2. Appoint Pricewaterhouse-
Company
Yes
For
For
METALS
      
coopers LLC as auditors, directors to fix
        
       
remuneration; 3. If appropriate, pass a non-
        
       
binding resolution accepting corporation's
        
       
approach to executive compensation.
        
                 
SILVER STANDARD
SSRI
82823L106
5/13/2015
1. Set number of directors at eight; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint Pricewaterhousecoopers LLP
        
       
as auditors, directors to fix remuneration; 
       
       
4. Resolution re: Shareholder Rights Plan,
        
       
reconfirmed and ratified.
        
                 
SILVER WHEATON
SLW CN
828336958
5/21/2015
A. Elect directors; B. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
       
       
C. Non binding resolution re: 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
SIBANYE GOLD
SBGL
825724206
5/12/2015
Received past deadline
  
No
    
                 
ARGONAUT GOLD
AR CN
04016A952
5/5/2015
1. Elect directors; 2. Appoint Pricewaterhouse-
Company  1,2,3
Yes
For 1,2,3,4,5
For 1,2,3,4,5
       
coopers LLP as auditors, directors to fix
Shareholder
 
Against
Against
       
remuneration; 3. Adopt shareholder Rights Plan;
 4,5,6,7,8    6,7,8 6,7,8
       
4. Shareholder proposal re: "say on pay" re:
        
       
executive compensation; 5. Shareholder
        
       
proposal Re: minimum share ownership for
        
       
CEO; 6. Shareholder proposal re: disclosure of
        
       
KPIS to assess performance -based portion of CEO
        
       
compensation; 7. Shareholder proposal No. 4--
        
       
The dilution safeguard proposal; 8. Shareholder
        
       
proposal No. 5 - Rechtsstaat standards for
        
       
international investments.
        
                 
TAHOE RESOURCES
THO CN
873868954
5/8/2015
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors.
        
                 
IAMGOLD
IAG
450913108
5/11/2015
1. Elect directors; 2. Appoint KPMG LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
       
       
3. Resolved that shareholders accept the
        
       
approach to executive compensation.
        
                 
SUTTER GOLD
SGM CN
86944A956
6/2/2015
1. Set number of directors at five; 2. Elect
Company
Yes
For 1,2,3
For 1,2,3
       
directors; 3. Appoint Devisser Gray LLP as
    
Against 4
Against 4
       
auditor, directors to fix remuneration; 4. Confirm
        
       
company's stock option plan.
        
                 
ALAMOS GOLD
AGI
011527108
6/3/2015
1. Set number of directors at six; 2. Appoint
Company
Yes
For
For
       
Ernst & Young as auditors, directors to fix
        
       
remuneration; 4. No changes to the stock option
        
       
plan, Company has the ability to grant option
        
       
until June 3, 2018.
        

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
ALACER GOLD
ASR CN
010679959
6/10/2015
1. Elect directors; 2. Appoint Pricewaterhouse-
Company
Yes
For
For
       
coopers as auditors; 3. Advisory resolution on
        
       
the corporation's approach to executive
        
       
compensation.
        
                 
B2GOLD
BTO CN
11777Q951
6/10/2015
1. Set number of directors at 8; 2. Elect
Company
Yes
For 1,2,3,4
For 1,2,3,4
       
directors; 3. Appoint Pricewaterhousecoopers
    
Against 5
Against 5
       
LLP as auditors, directors to fix remuneration;
        
       
4. Approve option plan; 5. Approve RSU Plan
        
       
resolution.
        
                 
ENDEAVOUR
EDV CN
G3040R950
6/18/2015
1. Elect directors; 2. Appoint Deloitte LLP as
Company
Yes
For
For
       
auditors, directors to fix remuneration;
       
       
3. Approve amended and restated stock option
        
       
plan.
        
                 
KLONDEX MINES
KDX CN
498696595
6/17/2015
1. Set number of directors at 8; 2. Elect
Company
Yes
For
For
       
directors; 3. Appoint Pricewaterhousecoopers
        
       
LLP as auditors, directors to fix remuneration.
        
                 
Aurico Gold
AUQ
05155C105
6/24/2015
1. Approve special resolution agreement between
Company
Yes
For
For
       
Aurico Gold and Alamos Gold; 2. Approve
        
       
ordinary resolution re: long term incentive plan
        
       
and employee share purchase plan of Aurico
        
       
Metals.
        
                 
Alamos Gold
AGI
011527108
6/24/2015
1. Approve a special resolution approving the
Company
Yes
For
For
       
continuance of Alamos Gold under the Business
        
       
Corporations Act (British Columbia); 2. Resolution
        
       
approving the arrangement agreement between
        
       
Aurico Gold and Alamos Gold; 3. Res. Approving
        
       
long term incentive plan and employee purchase
        
       
plan of Aurico Metals.
        
                 
MAG SILVER
MAG CN
55903Q955
6/22/2015
Did not receive proxy material, did not vote
  
No
    
 
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
July 24, 2015