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 811-6027
KAVILCO INCORPORATED
(Exact name of registrant as specified in charter)
600 UNIVERSITY STREET, SUITE 3010
SEATTLE, WASHINGTON 98101-1129
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (206) 624-6166
Date of fiscal year end: December 31, 2015
Date of reporting period: July 1, 2015 - June 30, 2016
ITEM 1: PROXY VOTING RECORD
Description |
Mgmt |
Vote Cast |
Sponsor |
Issuer: Alliant Energy Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Ratification of appointment of independent auditors |
For |
For |
Mgmt |
Issuer: American Electric Power Company, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratification of appointment of independent auditors |
For |
For |
Mgmt |
Advisory approval of the company’s executive compensation |
For |
For |
Mgmt |
Issuer: AT&T Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratification of appointment of independent auditors |
For |
For |
Mgmt |
Advisory approval of executive compensation |
For |
For |
Mgmt |
Approval of 2016 Incentive Plan |
For |
For |
Mgmt |
Political spending report |
Against |
Against |
Shldr |
Lobbying report |
Against |
Against |
Shldr |
Independent board chairman |
Against |
Against |
Shldr |
Issuer: ATLANTIC Power Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory approval of executive compensation |
For |
For |
Mgmt |
Ratification of appointment of independent auditors |
For |
For |
Mgmt |
Approval of shareholder rights plan |
For |
For |
Mgmt |
Issuer: Atmos Energy Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent Auditors |
For |
For |
Mgmt |
Proposal for an advisory vote by shareholders to approve the compensation of the company’s named executive officers for fiscal 2014 (“say on pay”) |
For |
For |
Mgmt |
Issuer: Avalonbay Communities, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent Auditors |
For |
For |
Mgmt |
To adopt a resolution approving, on a non-binding advisory basis, the compensation paid to the company’s named executive officers, as disclosed pursuant to item 402 of regulation S-K, including the compensation discussion and analysis, compensation tables and narrative discussion set forth in the proxy statement |
For |
For |
Mgmt |
Issuer: Avista Corp. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Amendment of the Company’s restated articles of incorporation to reduce certain shareholder approval requirements |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory (non-binding) vote on executive compensation |
For |
For |
Mgmt |
If presented, consideration of a shareholder proposal to request the board to take the steps necessary to amend the articles and bylaws to reduce certain shareholder approval requirements |
Against |
Against |
Shldr |
Issuer: Blackrock Floating Rate Income Trust |
|
|
|
Election of directors
|
For, all directors |
For, all directors |
Mgmt |
Issuer: Breitburn Energy Partners L.P. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Bristol-Myers Squibb Company |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve the compensation of our named executive officers |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Special shareowner meetings |
Against |
Against |
Shldr |
Issuer: Buckeye Partners, L.P. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Issuer: Care Capital Properties, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Caterpillar, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory vote regarding our executive compensation |
For |
For |
Mgmt |
Stockholder proposal provide a report of lobbying activities |
Against |
Against |
Shldr |
Stockholder proposal allow stockholders to act by written consent |
Against |
Against |
Shldr |
Stockholder proposal require the chairman of the board to be independent whenever possible |
Against |
Against |
Shldr |
Issuer: CenterPoint Energy, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approve the advisory resolution on executive compensation |
For |
For |
Mgmt |
Ratify the amendment to CenterPoint Energy, Inc.’s Bylaws to designate an exclusive forum for certain legal actions |
For |
For |
Mgmt |
Issuer: CenturyLink, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approve an amendment to our 2011 equity incentive plan |
For |
For |
Mgmt |
Advisory vote regarding our executive compensation |
For |
For |
Mgmt |
Shareholder proposal regarding equity retention policies |
Against |
Against |
Shldr |
Issuer: Chevron Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Amendment to the Chevron Corporation non-employee directors’ equity compensation and deferral Plan |
For |
For |
Mgmt |
Report on lobbying |
Against |
Against |
Shldr |
Adopt targets to reduce GHG emissions |
Against |
Against |
Shldr |
Report on climate change impact assessment |
Against |
Against |
Shldr |
Report on reserve replacements |
Against |
Against |
Shldr |
Adopt dividend policy |
Against |
Against |
Shldr |
Report on shale energy operations |
Against |
Against |
Shldr |
Recommend independent director with environmental expertise |
Against |
Against |
Shldr |
Issuer: Consolidated Communications Hldgs, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Diamond Offshore Drilling, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
To approve, on an advisory basis, executive compensation |
For |
For |
Mgmt |
Issuer: Digital Realty Trust, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Issuer: Dominion Resources, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Advisory vote on approval of executive compensation |
For |
For |
Mgmt |
Report on lobbying |
Against |
Against |
Shldr |
Report on potential impact of denial of a certificate for North Anna 3 |
Against |
Against |
Shldr |
Right to act by written consent |
Against |
Against |
Shldr |
Required nomination of director with environmental expertise |
Against |
Against |
Shldr |
Report of the financial risks to dominion posed by climate change |
Against |
Against |
Shldr |
Report on impact of climate change driven technology changes |
Against |
Against |
Shldr |
Issuer: Duke Energy Corp |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Renewable energy targets |
Against |
Against |
Shldr |
Indirect political spending report |
Against |
Against |
Shldr |
Lobbying activities report |
Against |
Against |
Shldr |
Independent chair policy |
Against |
Against |
Shldr |
Severance approval policy |
Against |
Against |
Shldr |
Stock retention policy |
Against |
Against |
Shldr |
Issuer: Eli Lilly and Company |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Consideration of a shareholder proposal seeking a report regarding how we select the countries in which we operate or invest |
Against |
Against |
Shldr |
Issuer: Entergy Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Shareholder proposal regarding distributed generation / greenhouse gas emissions report |
Against |
Against |
Shldr |
Issuer: EPR Properties |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Proposal to approve, on a non-binding advisory basis, the compensation of the company’s named executive officers as disclosed in these proxy materials |
For |
For |
Mgmt |
Proposal to approve the company’s 2016 equity incentive plan |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Issuer: Exelon Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Approve the management proposal to amend Exelon’s bylaws to provide proxy access |
For |
For |
Mgmt |
Issuer: Exxon Mobil Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Independent chairman |
Against |
Against |
Shldr |
Climate expert on board |
Against |
Against |
Shldr |
Hire an investment bank |
Against |
Against |
Shldr |
Proxy access bylaw |
Against |
Against |
Shldr |
Report on compensation for women |
Against |
Against |
Shldr |
Report on lobbying |
Against |
Against |
Shldr |
Increase capital distributions |
Against |
Against |
Shldr |
Policy to limit global warming to 2 degree Celsius |
Against |
Against |
Shldr |
Report on impacts of climate change policies |
Against |
Against |
Shldr |
Report reserve replacements in BTUs |
Against |
Against |
Shldr |
Report on hydraulic fracturing |
Against |
Against |
Shldr |
Issuer: Eversource Energy |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Issuer: FirstEnergy Corp. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Approval to amend the company’s amended articles of incorporation and amended code of regulations to replace existing supermajority voting requirements with a majority voting power threshold under certain circumstances |
For |
For |
Mgmt |
Shareholder proposal: report lobbying related |
Against |
Against |
Shldr |
Shareholder proposal: report climate change related |
Against |
Against |
Shldr |
Issuer: Frontier Communications Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
To consider and vote upon an advisory proposal to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: HCP, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval, on an advisory basis, of executive compensation |
For |
For |
Mgmt |
Issuer: Healthcare Realty Trust, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval, on an advisory basis, of executive compensation |
For |
For |
Mgmt |
Issuer: Highwoods Properties, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval, on an advisory basis, of executive compensation |
For |
For |
Mgmt |
Issuer: Hollyfrontier Corp. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Approval, on an advisory basis, of executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval of amendment to the long-term incentive compensation plan for purposes of increasing the maximum number of shares available for awards |
For |
For |
Mgmt |
Approval of the material terms of the LTIP for purposes of complying with certain requirements of section 162(m) of the internal revenue code of 1986, as amended |
For |
For |
Mgmt |
Issuer: Hospitality Properties Trust |
|
|
|
Election of directors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Vote on a shareholder proposal, if properly presented at the meeting |
Against |
Against |
Shldr |
Issuer: IBM |
|
|
|
Election of directors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Stockholder proposal for disclosure of lobbying policies and practices |
Against |
Against |
Shldr |
Stockholder proposal on the right to act by written consent |
Against |
Against |
Shldr |
Stockholder proposal to have an independent board chairman |
Against |
Against |
Shldr |
Issuer: John Hancock Preferred Income Fund |
|
|
|
Election of directors
|
For, all directors |
For, all directors |
Mgmt |
Issuer: Kinder Morgan, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Stockholder proposal relating to a report on our company’s response to climate change |
Against |
Against |
Shldr |
Stockholder proposal relating to a report on methane emissions |
Against |
Against |
Shldr |
Stockholder proposal relating to an annual sustainability report |
Against |
Against |
Shldr |
Stockholder proposal relating to a report on diversity of the board of directors |
Against |
Against |
Shldr |
Issuer: Kraft Heinz Company, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Advisory vote on the frequency of an executive compensation vote |
For |
For |
Mgmt |
Approval of The Kraft Heinz Company 2016 omnibus incentive plan |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Liberty Property Trust |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve the compensation of the trust’s named executive officers |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: LTC Properties, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Issuer: Mack Cali Realty Corp. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory resolution to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval of shareholder proposal, if presented at the annual meeting, requesting that the company adopt a policy that in the event of a change of control of the company, would prohibit accelerated vesting of equity awards granted to senior executive officers of the company, except for partial (see proxy material) |
Against |
Against |
Shldr |
Issuer: Magellan Midstream Partners, L.P. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory resolution to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Markwest Energy Partners LP |
|
|
|
Proposal to approve the agreement and plan of merger, dated as of July 11, 2015, as such agreement may be amended from time to time, by and around MPLX LP, MPLX GP LLC, Marathon Petroleum Corporation, Sapphire Holdco LLC and Markwest Energy Partners, LP, and the transactions contemplated thereby |
For |
For |
Mgmt |
Proposal to approve, on an advisory, non-binding basis, the merger-related compensation payments that may become payable to Markwest Energy Partners, LP’s named executive officers in connection with the merger |
For |
For |
Mgmt |
Proposal to approve the adjournment of the special meeting, if necessary to solicit additional proxies if there are not sufficient votes to approve proposal 1 at the time of the special meeting |
For |
For |
Mgmt |
Issuer: Merck & Co., Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Shareholder proposal concerning shareholders’ right to act by written consent |
Against |
Against |
Shldr |
Shareholder proposal requesting an independent board chairman |
Against |
Against |
Shldr |
Shareholder proposal requesting a report on disposal of unused or expired drugs |
Against |
Against |
Shldr |
Issuer: Microsoft Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote on named executive officer compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Mondelez Intl, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Shareholder proposal: Report on packaging |
Against |
Against |
Shldr |
Shareholder proposal: vesting of equity awards in a change in control |
Against |
Against |
Shldr |
Shareholder proposal: policy on mediation |
Against |
Against |
Shldr |
Issuer: National Retail Properties, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: NextEra Energy, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval of non-binding advisory vote, of NextEra Energy’s compensation of its named executive officers as disclosed in the proxy statement |
For |
For |
Mgmt |
Approval of the material terms for payment of performance-based compensation under the NextEra Energy Inc. amended and restated 2011 long term incentive plan |
|
|
|
Proposal by the comptroller of the State of New York, Thomas P. DiNapoli, entitled political contribution disclosure, to request semiannual reports disclosing political contribution policies and expenditures |
Against |
Against |
Shldr |
Proposal by Myra Young entitled shareholder proxy access, to request the NextEra Energy board of directors to adopt, and present for shareholder approval, a “proxy access” bylaw |
Against |
Against |
Shldr |
Proposal by Alan Farago and Lisa Versaci entitled report on range of projected sea level rise/ climate change impacts, to request an annual report material risks and costs of sea level rise to company operations, facilities and markets |
Against |
Against |
Shldr |
Issuer: Omega Healthcare Investors, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval, on an advisory basis of executive compensation |
For |
For |
Mgmt |
Issuer: One Gas, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
An advisory vote to approve the company’s executive compensation |
For |
For |
Mgmt |
Issuer: Oneok, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
An advisory vote to approve the company’s executive compensation |
For |
For |
Mgmt |
Issuer: Paychex, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
An advisory vote to approve the company’s executive compensation |
For |
For |
Mgmt |
To approve and amend the Paychex, Inc. 2002 stock incentive plan, including an increase in the shares available under the plan |
For |
For |
Mgmt |
To approve the Paychex, Inc. 2015 qualified employee stock purchase plan |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Penn West Petroleum Ltd. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
A resolution approving all of the unallocated options to acquire common shares under the stock option plan of Penn West until June 23, 2019, as more particularly described in the information circular and proxy statement of Penn West dated May 10, 2016 |
For |
For |
Mgmt |
An advisory vote to approve the company’s executive compensation |
For |
For |
Mgmt |
Issuer: Pepco Holdings, Inc. |
|
|
|
Election of directors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Pfizer Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Shareholder proposal regarding report on lobbying activities |
Against |
Against |
Shldr |
Shareholder proposal regarding policy on director elections |
Against |
Against |
Shldr |
Shareholder proposal regarding right to act by written consent |
Against |
Against |
Shldr |
Shareholder proposal regarding certain taxable events |
Against |
Against |
Shldr |
Issuer: Piedmont Natural Gas Company Inc. (Special Meeting) |
|
|
|
Proposal to approve the agreement and plan of merger, dated October 24, 2015 (the merger agreement), by and among Duke Energy Corporation, a Delaware corporation (Duke Energy), Forest Subsidiary, Inc., a newly formed North Carolina corporation that is a direct, wholly owned subsidiary of Duke Energy (merger sub), and Piedmont Natural Gas Company, Inc., a North Carolina corporation (the company) |
For |
For |
Mgmt |
Proposal to approve a non-binding, advisory proposal to approve the compensation that may be paid or may become payable to the company’s named executive officers in connection with, or following, the consummation of the merger |
For |
For |
Mgmt |
Proposal to approve the adjournment of the special meeting if necessary or appropriate to solicit additional proxies if there are insufficient votes at the time of the special meeting to approve the merger agreement |
For |
For |
Mgmt |
Issuer: Piedmont Natural Gas Company Inc. (Special Meeting) |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Issuer: Pitney Bowes Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Approval of the material terms of the performance goals pursuant to IRC section 162(m) for the Pitney Bowes key employees incentive plan and the 2013 stock plan |
For |
For |
Mgmt |
Issuer: PPL Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Approve 2016 short term incentive plan |
For |
For |
Mgmt |
Amendment of the company’s articles of incorporation to increase the number of authorized shares of common stock |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Shareowner proposal to adopt policy to require independent chairman of the board |
Against |
Against |
Shldr |
Shareowner proposal to assess and report on distributed resources deployment |
Against |
Against |
Shldr |
Issuer: Public Service Enterprise Group Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Realty Income Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
To approve the advisory resolution approving executive compensation |
For |
For |
Mgmt |
Issuer: Redwood Trust, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
To approve the advisory resolution approving executive compensation |
For |
For |
Mgmt |
Issuer: RMR Group, The, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
To approve the advisory resolution approving executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Royal Dutch Shell PLC (General Meeting for Shareholders) |
|
|
|
To approve the acquisition of BG Group plc by the company, as more particularly described in the notice of general meeting |
For |
For |
Mgmt |
Issuer: Royal Dutch Shell PLC |
|
|
|
Receipt of annual report and accounts |
For |
For |
Mgmt |
Approval of directors’ remuneration report |
For |
For |
Mgmt |
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Remuneration of auditors |
For |
For |
Mgmt |
Authority to allot shares |
For |
For |
Mgmt |
Disapplication of pre-emption rights |
For |
For |
Mgmt |
Authority to purchase own shares |
For |
For |
Mgmt |
Shareholder resolution |
Against |
Against |
Shldr |
Issuer: Sabra Health Care Reit, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Advisory vote to approve named executive officer compensation |
For |
For |
Mgmt |
Issuer: Sanofi (Combined General Meeting) |
|
|
|
Approval of the Individual company financial statements for the year ended December 31, 2015 |
For |
For |
Mgmt |
Approval of the consolidated financial statements for the year ended December 31, 2015 |
For |
For |
Mgmt |
Appropriation of profits, declaration of dividend |
For |
For |
Mgmt |
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Consultative vote on the components of the compensation due or awarded to Serge Weinberg, chairman of the board of directors, in respect of the year ended December 31, 2015 |
For |
For |
Mgmt |
Consultative vote on the components of the compensation due or awarded to Olivier Brandicourt, chief executive officer, in respect of the year ended December 31, 2015 |
For |
For |
Mgmt |
Authorization to the board of directors to carry out transactions in the company’s shares |
For |
For |
Mgmt |
Delegation to the board of directors of authority to grant without preemptive right, options to subscribe for or purchase shares |
For |
For |
Mgmt |
Authorization for the board of directors to carry out consideration-free allotments of existing or new shares to some or all of the salaried employees and corporate officers of the group |
For |
For |
Mgmt |
Powers of formalities |
For |
For |
Mgmt |
Issuer: Scana |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Approval of an amendment to and restatement of the director compensation and deferral plan to implement annual limits on the total number of shares that may be issued to any individual participant each year |
For |
For |
Mgmt |
Approval of an amendment to and restatement of the director compensation and deferral plan to increase the number of shares that may be reserved for issuance under the plan |
For |
For |
Mgmt |
Approval of board proposed amendments to our articles of incorporation to declassify the board of directors and provide for the annual election of all directors |
For |
For |
Mgmt |
Issuer: Seadrill Limited |
|
|
|
To set the maximum number of directors to be not more than 10 |
For |
For |
Mgmt |
To resolve that vacancies in the number of directors be designated casual vacancies and that the board of directors be authorized to fill such casual vacancies as and when it deems fit |
For |
For |
Mgmt |
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
The approval, by non-binding vote, of executive compensation |
For |
For |
Mgmt |
Issuer: Senior Housing Properties Trust |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
The approval, by non-binding vote, of executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Silver Wheaton Corp. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
The approval, by non-binding vote, of executive compensation |
For |
For |
Mgmt |
Issuer: Spectra Energy Corp |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Approval of Spectra Energy Corp 2007 long-term incentive plan, as amended and restated |
For |
For |
Mgmt |
Approval of Spectra Energy Corp 2007 short-term incentive plan, as amended and restated |
For |
For |
Mgmt |
The approval, by non-binding vote, of executive compensation |
For |
For |
Mgmt |
Shareholder proposal concerning disclosure of political contributions |
Against |
Against |
Shldr |
Shareholder proposal concerning disclosure of lobbying activities |
Against |
Against |
Shldr |
Issuer: STAG Industrial, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
The approval, by non-binding vote, of executive compensation |
For |
For |
Mgmt |
Issuer: Sun Communities, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
To Approve, by non-binding vote, executive compensation |
For |
For |
Mgmt |
Issuer: Talen Energy Corporation |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
To Approve, by non-binding vote, executive compensation |
For |
For |
Mgmt |
Issuer: Targa Resources Corp |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Issuer: Targa Resources Partners LP (Special Meeting) |
|
|
|
To consider and vote upon a proposal to approve the agreement and plan of merger, dated as of November 2, 2015, by and amount Targa Resources Corp. (TRC,) Spartan Merger Sub LLC, Targa Resources Partners LP (The partnership) and Targa Resources GP LLC, pursuant to which TRC will acquire indirectly all of (see proxy statement for full proposal) |
For |
For |
Mgmt |
To consider and vote upon, on an advisory, non-binding basis, the compensation payments that may be paid or become payable to the partnerships named executive officers in connection with the merger, which is referred to as the TRP compensation proposal |
For |
For |
Mgmt |
Issuer: The Southern Company |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Approval of a by-law amendment to permit proxy access |
For |
For |
Mgmt |
Approval of an amendment to the certificate to reduce the supermajority vote requirements to a majority vote |
For |
For |
Mgmt |
Approval of an amendment to the certificate to eliminate the fair price anti take over provision |
For |
For |
Mgmt |
Approval of a bylaw amendment to permit the board to make certain future amendments to the bylaws without stockholder ratification |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
To Approve, by non-binding vote, executive compensation |
For |
For |
Mgmt |
Ratify the appointment independent auditors |
For |
For |
Mgmt |
Stockholder proposal on 2 degrees Celsius scenario report |
Against |
Against |
Shldr |
Stockholder proposal on stranded coal assets report |
Against |
Against |
Shldr |
Issuer: Unilever PLC |
|
|
|
To receive the report and accounts for the year ended 31 December 2015 |
For |
For |
Mgmt |
To approve the directors’ remuneration report |
For |
For |
Mgmt |
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
To authorize the directors to fix the remuneration of the auditors |
For |
For |
Mgmt |
To authorize political donations and expenditure |
For |
For |
Mgmt |
To renew the authority of director to issue shares |
For |
For |
Mgmt |
To renew the authority of directors to dis-apply pre-emption rights |
For |
For |
Mgmt |
To renew the authority to the company to purchase its own shares |
For |
For |
Mgmt |
To shorten the notice period for general meetings |
For |
For |
Mgmt |
Issuer: Ventas Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Issuer: Verizon Communications Inc |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Shareholder proposal regarding elimination of supermajority voting provisions in Duke Energy Corporation’s certificate of incorporation |
Against |
Against |
Shldr |
Shareholder proposal regarding lobbying expenses disclosure |
Against |
Against |
Shldr |
Issuer: Wal-Mart Stores, Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Approval of the Wal-Mart Stores, Inc. 2016 associate stock purchase plan |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Request to adopt an independent chairman policy |
Against |
Against |
Shldr |
Request for annual report regarding incentive compensation plans |
Against |
Against |
Shldr |
Request for report regarding criteria for operating in high risk regions |
Against |
Against |
Shldr |
Issuer: Washington Real Estate Investment Trust |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Proposal to adopt Washington Real Estate Investment Trust 2016 omnibus incentive plan (and terms of performance based compensation under such plan) |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Issuer: Wells Fargo & Company |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Adopt a policy to require an independent chairman |
Against |
Against |
Shldr |
Provide a report on the company’s lobbying policies and practices |
Against |
Against |
Shldr |
Issuer: Welltower Inc |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Approval of the Welltower Inc 2016 long term incentive plan |
|
|
|
Issuer: Wisconsin Energy Corporation (WEC) |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Stockholder proposal regarding proxy access |
Against |
Against |
Shldr |
Issuer: Xcel Energy Inc. |
|
|
|
Election of directors |
For, all directors |
For, all directors |
Mgmt |
Advisory vote to approve executive compensation |
For |
For |
Mgmt |
Ratify the appointment of independent auditors |
For |
For |
Mgmt |
Shareholder proposal on the separation of the roles of the chairman and chief executive officer |
Against |
Against |
Shldr |
Pursuant to the requirements of the Investment Company Act of 1940, the registrant duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized
KAVILCO INCORPORATED
By /s/ Louis L Jones, Sr.
____
Louis L. Jones, Sr., President
Date: July 21, 2016