N-PX 1 enpx0811.txt 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: 811-04656 --------------------------------------------- ELLSWORTH FUND LTD. ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 65 Madison Avenue, Morristown, New Jersey 07960-7308 ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Thomas H. Dinsmore Ellsworth Fund Ltd. 65 Madison Avenue Morristown, New Jersey 07960-7308 (Name and address of agent for service) Copy to: Steven B. King, Esq. Ballard Spahr Andrews & Ingersoll, LLP 1735 Market Street, 51st Floor Philadelphia, PA 19103-7599 Registrant's telephone number, including area code: 973-631-1177 Date of fiscal year end: September 30, 2011 Date of reporting period: June 30, 2011 Item 1. Proxy Voting Record Issuer: Abbott Laboratories Ticker symbol: ABT CUSIP: 002824100 Meeting date: 04/29/2011
For/ Proposed Voted Vote Against Matter Voted On By (Yes or No) Cast Mgmt. -------------------------------------------------------------------------------------------- 1-01. Election of Director: Robert J. Alpern, M.D. Management YES FOR FOR 1-02. Election of Director: Roxanne S. Austin Management YES FOR FOR 1-03. Election of Director: W. James Farrell Management YES FOR FOR 1-04. Election of Director: H. Laurance Fuller Management YES FOR FOR 1-05. Election of Director: Edward M. Liddy Management YES FOR FOR 1-06. Election of Director: Phebe N. Novakovic Management YES FOR FOR 1-07. Election of Director: William A. Osborn Management YES FOR FOR 1-08. Election of Director: Samuel C. Scott III Management YES FOR FOR 1-09. Election of Director: Glenn F. Tilton Management YES FOR FOR 1-10. Election of Director: Miles D. White Management YES FOR FOR 2. Ratification of the appointment of Management YES FOR FOR independent auditors for 2011 3. Advisory vote on executive compensation Management YES FOR FOR 4. Advisory vote on the frequency of future Management YES 1 Year 1 Year votes on executive compensation 5. Pharmaceutical Pricing Shareholder YES ABSTAIN N/A
================================================================================ Issuer: AT&T Inc. Ticker symbol: T CUSIP: 00206R102 Meeting date: 04/29/2011
For/ Proposed Voted Vote Against Matter Voted On By (Yes or No) Cast Mgmt. -------------------------------------------------------------------------------------------- 1-01. Election of Director: Randall L. Stephenson Management YES FOR FOR 1-02. Election of Director: Gilbert F. Amelio Management YES FOR FOR 1-03. Election of Director: Reuben V. Anderson Management YES FOR FOR 1-04. Election of Director: James H. Blanchard Management YES FOR FOR 1-05. Election of Director: Jaime Chico Pardo Management YES FOR FOR 1-06. Election of Director: James P. Kelly Management YES FOR FOR 1-07. Election of Director: Jon C. Madonna Management YES FOR FOR 1-08. Election of Director: Lynn M. Martin Management YES FOR FOR 1-09. Election of Director: John B. McCoy Management YES FOR FOR 1-10. Election of Director: Joyce M. Roche Management YES FOR FOR 1-11. Election of Director: Matthew K. Rose Management YES FOR FOR 1-12. Election of Director: Laura D'Andrea Tyson Management YES FOR FOR 2. Ratification of the appointment of Management YES FOR FOR independent auditors for 2011 3. Approval of 2011 incentive plan Management YES FOR FOR 4. Advisory vote on executive compensation Management YES FOR FOR 5. Advisory vote on the frequency of future Management YES 3 Years 3 Years votes on executive compensation 6. Political contributions Shareholder YES FOR AGAINST 7. Special stockholder meetings Shareholder YES ABSTAIN N/A 8. Written consent Shareholder YES ABSTAIN N/A
================================================================================ Issuer: Bristol-Myers Squibb Company Ticker symbol: BMY CUSIP: 110122108 Meeting date: 05/03/2011
For/ Proposed Voted Vote Against Matter Voted On By (Yes or No) Cast Mgmt. -------------------------------------------------------------------------------------------- 1-01. Election of Director: LAMBERTO ANDREOTTI Management YES FOR FOR 1-02. Election of Director: LEWIS B. CAMPBELL Management YES FOR FOR 1-03. Election of Director: JAMES M. CORNELIUS Management YES FOR FOR 1-04. Election of Director: LOUIS J. FREEH Management YES FOR FOR 1-05. Election of Director: LAURIE H. GLIMCHER, M.D. Management YES FOR FOR 1-06. Election of Director: MICHAEL GROBSTEIN Management YES FOR FOR 1-07. Election of Director: LEIF JOHANSSON Management YES FOR FOR 1-08. Election of Director: ALAN J. LACY Management YES FOR FOR 1-09. Election of Director: VICKI L. SATO, PH.D. Management YES FOR FOR 1-10. Election of Director: ELLIOTT SIGAL, M.D. Management YES FOR FOR 1-11. Election of Director: TOGO D. WEST, JR. Management YES FOR FOR 1-12. Election of Director: R. SANDERS WILLIAMS Management YES FOR FOR 2. Ratification of the appointment of Management YES FOR FOR independent auditors for 2011 3. Advisory vote on executive compensation Management YES FOR FOR 4. Advisory vote on the frequency of future Management YES 3 Years 3 Years votes on executive compensation 5. Executive Compensation Disclosure Shareholder YES ABSTAIN N/A 6. Shareholder Action by Written Consent Shareholder YES ABSTAIN N/A 7. Pharmaceutical Price Restraint Shareholder YES ABSTAIN N/A
================================================================================ Issuer: ConocoPhilips Ticker symbol: COP CUSIP: 20825C104 Meeting date: 05/11/2011
For/ Proposed Voted Vote Against Matter Voted On By (Yes or No) Cast Mgmt. -------------------------------------------------------------------------------------------- 1-01. Election of Director: RICHARD L. ARMITAGE Management YES FOR FOR 1-02. Election of Director: RICHARD H. AUCHINLECK Management YES FOR FOR 1-03. Election of Director: JAMES E. COPELAND, JR. Management YES FOR FOR 1-04. Election of Director: KENNETH M. DUBERSTEIN Management YES FOR FOR 1-05. Election of Director: RUTH R. HARKIN Management YES FOR FOR 1-06. Election of Director: HAROLD W. MCGRAW III Management YES FOR FOR 1-07. Election of Director: JAMES J. MULVA Management YES FOR FOR 1-08. Election of Director: ROBERT A. NIBLOCK Management YES FOR FOR 1-09. Election of Director: HARALD J. NORVIK Management YES FOR FOR 1-10. Election of Director: WILLIAM K. REILLY Management YES FOR FOR 1-11. Election of Director: VICTORIA J. TSCHINKEL Management YES FOR FOR 1-12. Election of Director: KATHRYN C. TURNER Management YES FOR FOR 1-13. Election of Director: WILLIAM E. WADE, JR. Management YES FOR FOR 2. Ratification of the appointment of Management YES FOR FOR independent auditors for 2011 3. Advisory approval of executive compensation Management YES FOR FOR 4. Advisory vote on the frequency of future Management YES 1 Year 1 Year votes on executive compensation 5. Approval of 2011 omnibus stock and Management YES FOR FOR performance incentive plan 6. Gender expression non-discrimination Shareholder YES ABSTAIN N/A 7. Political contributions Shareholder YES ABSTAIN N/A 8. Report on grassroots lobbying expenditures Shareholder YES ABSTAIN N/A 9. Accident risk mitigation Shareholder YES ABSTAIN N/A 10. Company environmental policy Shareholder YES ABSTAIN N/A 11. Greenhouse gas reduction targets Shareholder YES ABSTAIN N/A 12. Report on financial risks from climate change Shareholder YES ABSTAIN N/A 13. Canadian oil sands Shareholder YES ABSTAIN N/A
================================================================================ Issuer: The Walt Disney Company Ticker symbol: DIS CUSIP: 254687106 Meeting date: 03/23/2011
For/ Proposed Voted Vote Against Matter Voted On By (Yes or No) Cast Mgmt. -------------------------------------------------------------------------------------------- 1-01. Election of Director: Susan E. Arnold Management YES FOR FOR 1-02. Election of Director: John E. Bryson Management YES FOR FOR 1-03. Election of Director: John S. Chen Management YES FOR FOR 1-04. Election of Director: Judith L. Estrin Management YES FOR FOR 1-05. Election of Director: Robert A. Iger Management YES FOR FOR 1-06. Election of Director: Steven P. Jobs Management YES FOR FOR 1-07. Election of Director: Fred H. Langhammer Management YES FOR FOR 1-08. Election of Director: Aylwin B. Lewis Management YES FOR FOR 1-09. Election of Director: Monica C. Lozano Management YES FOR FOR 1-10. Election of Director: Robert W. Matschullat Management YES FOR FOR 1-11. Election of Director: John E. Pepper, Jr. Management YES FOR FOR 1-12. Election of Director: Sheryl Sandberg Management YES FOR FOR 1-13. Election of Director: Orin C. Smith Management YES FOR FOR 2. Ratification of the appointment of Management YES FOR FOR independent auditors for 2011 3. Approval of the 2011 stock incentive plan Management YES FOR FOR 4. Advisory approval of executive compensation Management YES FOR FOR 5. Advisory vote on the frequency of future Management YES 1 Year 1 Year votes on executive compensation 6. Performance tests for restricted stock units Shareholder YES ABSTAIN N/A
================================================================================ Issuer: Merck & Company, Inc. Ticker symbol: MRK CUSIP: 58933Y105 Meeting date: 05/24/2011
For/ Proposed Voted Vote Against Matter Voted On By (Yes or No) Cast Mgmt. -------------------------------------------------------------------------------------------- 1-01. Election of Director: Leslie A. Brun Management YES FOR FOR 1-02. Election of Director: Thomas R. Cech Management YES FOR FOR 1-03. Election of Director: Richard T. Clark Management YES FOR FOR 1-04. Election of Director: Kenneth C. Frazier Management YES FOR FOR 1-05. Election of Director: Thomas H. Glocer Management YES FOR FOR 1-06. Election of Director: Steven F. Goldstone Management YES FOR FOR 1-07. Election of Director: William B. Harrison, Jr. Management YES FOR FOR 1-08. Election of Director: Harry R. Jacobson Management YES FOR FOR 1-09. Election of Director: William N. Kelley Management YES FOR FOR 1-10. Election of Director: C. Robert Kidder Management YES FOR FOR 1-11. Election of Director: Rochelle B. Lazarus Management YES FOR FOR 1-12. Election of Director: Carlos E. Represas Management YES FOR FOR 1-13. Election of Director: Patricia F. Russo Management YES FOR FOR 1-14. Election of Director: Thomas E. Shenk Management YES FOR FOR 1-15. Election of Director: Anne M. Tatlock Management YES FOR FOR 1-16. Election of Director: Craig B. Thompson Management YES FOR FOR 1-17. Election of Director: Wendell P. Weeks Management YES FOR FOR 1-18. Election of Director: Peter C. Wendell Management YES FOR FOR 2. Ratification of the appointment of Management YES FOR FOR independent auditors for 2011 3. Advisory vote on executive compensation Management YES FOR FOR 4. Advisory vote on the frequency of future Management YES 3 Years 3 Years votes on executive compensation
================================================================================ Issuer: Verizon Communications Inc. Ticker symbol: VZ CUSIP: 92343V104 Meeting date: 05/05/2011
For/ Proposed Voted Vote Against Matter Voted On By (Yes or No) Cast Mgmt. -------------------------------------------------------------------------------------------- 1-01. Election of Director: RICHARD L. CARRION Management YES FOR FOR 1-02. Election of Director: M. FRANCES KEETH Management YES FOR FOR 1-03. Election of Director: ROBERT W. LANE Management YES FOR FOR 1-04. Election of Director: LOWELL C. MCADAM Management YES FOR FOR 1-05. Election of Director: SANDRA O. MOOSE Management YES FOR FOR 1-06. Election of Director: JOSEPH NEUBAUER Management YES FOR FOR 1-07. Election of Director: DONALD T. NICOLAISEN Management YES FOR FOR 1-08. Election of Director: CLARENCE OTIS, JR. Management YES FOR FOR 1-09. Election of Director: HUGH B. PRICE Management YES FOR FOR 1-10. Election of Director: IVAN G. SEIDENBERG Management YES FOR FOR 1-11. Election of Director: RODNEY E. SLATER Management YES FOR FOR 1-12. Election of Director: JOHN W. SNOW Management YES FOR FOR 2. Ratification of the appointment of Management YES FOR FOR independent auditors for 2011 3. Advisory vote on executive compensation Management YES FOR FOR 4. Advisory vote on the frequency of future Management YES 1 Year 1 Year votes on executive compensation 5. Disclose prior government service Shareholder YES ABSTAIN N/A 6. Performance stock unit performance thresholds Shareholder YES ABSTAIN N/A 7. Cumulative voting Shareholder YES ABSTAIN N/A 8. Shareholder right to call a special meeting Shareholder YES ABSTAIN N/A
================================================================================ 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. Ellsworth Fund Ltd. By /s/Thomas H. Dinsmore Thomas H. Dinsmore Principal Executive Officer Date: July 13, 2011