0000859765-16-000023.txt : 20160722 0000859765-16-000023.hdr.sgml : 20160722 20160721181933 ACCESSION NUMBER: 0000859765-16-000023 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160722 DATE AS OF CHANGE: 20160721 EFFECTIVENESS DATE: 20160722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAVILCO INC/WA/ CENTRAL INDEX KEY: 0000859765 IRS NUMBER: 920045958 STATE OF INCORPORATION: AK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-06027 FILM NUMBER: 161778191 BUSINESS ADDRESS: STREET 1: ONE UNION SQUARE STREET 2: SUITE 3010 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 2066246166 N-PX 1 N-PX-2016.htm PROXY VOTING RECORD ANNUAL REPORT

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
Rec.

Vote Cast

Sponsor

Issuer: Alliant Energy Corporation
Ticker: LNT
CUSSIP: 018802-108
Meeting Date: 5/13/2016
Record Date: 3/15/2016

 

 

 

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.
Ticker: AEP
CUSSIP: 025537-101
Meeting Date: 4/26/2016
Record Date: 2/29/2016

 

 

 

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.
Ticker: T
CUSSIP: 00206R-102
Meeting Date: 4/29/2016
Record Date: 3/1/2016

 

 

 

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
Ticker: AT
CUSSIP: 04878Q-863
Meeting Date: 4/25/2016
Record Date: 6/21/2016

 

 

 

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
Ticker: ATO
CUSSIP: 049560-105
Meeting Date: 02/4/2016
Record Date: 12/10/2015

 

 

 

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.
Ticker: AVB
CUSSIP: 053484-101
Meeting Date: 5/19/2016
Record Date: 3/7/2016

 

 

 

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.
Ticker: AVA
CUSSIP: 05379B-107
Meeting Date: 5/12/2016
Record Date: 3/11/2016

 

 

 

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
Ticker: BGT
CUSSIP: 091941-104
Meeting Date: 7/29/2015
Record Date: 6/1/2015

 

 

 

Election of directors

 

For, all directors

For, all directors

Mgmt

Issuer: Breitburn Energy Partners L.P.
Ticker: BBEP
CUSSIP: 106776-107
Meeting Date: 4/28/2016
Record Date: 3/4/2016

 

 

 

Election of directors

For, all directors

For, all directors

Mgmt

Ratify the appointment independent auditors

For

For

Mgmt

Issuer: Bristol-Myers Squibb Company
Ticker: BMY
CUSSIP: 110122-108
Meeting Date: 5/3/2016
Record Date: 3/11/2016

 

 

 

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.
Ticker: BPL
CUSSIP: 118230-101
Meeting Date: 6/7/2016
Record Date: 4/11/2016

 

 

 

Election of directors

For, all directors

For, all directors

Mgmt

Ratify the appointment of independent auditors

For

For

Mgmt

Issuer: Care Capital Properties, Inc.
Ticker: CCP
CUSSIP: 141624-010
Meeting Date: 5/10/2016
Record Date: 3/14/2016

 

 

 

Election of directors

For, all directors

For, all directors

Mgmt

Ratify the appointment independent auditors

For

For

Mgmt

Issuer: Caterpillar, Inc.
Ticker: CAT
CUSSIP: 149123-101
Meeting Date: 6/8/2016
Record Date: 4/11/2016

 

 

 

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.
Ticker: CNP
CUSSIP: 15189T-107
Meeting Date: 4/28/2016
Record Date: 3/3/2016

 

 

 

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.
Ticker: CTL
CUSSIP: 156700-106
Meeting Date: 5/16/2016
Record Date: 3/30/2016

 

 

 

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
Ticker: CVX
CUSSIP: 166764-100
Meeting Date: 5/25/2016
Record Date: 3/30/2016

 

 

 

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.
Ticker: CNSL
CUSSIP: 209034-107
Meeting Date: 5/2/2016
Record Date: 3/11/2016

 

 

 

Election of directors

For, all directors

For, all directors

Mgmt

Ratify the appointment independent auditors

For

For

Mgmt

Issuer: Diamond Offshore Drilling, Inc.
Ticker: DO
CUSSIP: 25271C-102
Meeting Date: 5/17/2016
Record Date: 3/24/2016

 

 

 

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.
Ticker: DLR
CUSSIP: 253868-103
Meeting Date: 5/10/2016
Record Date: 3/17/2016

 

 

 

Election of directors

For, all directors

For, all directors

Mgmt

Ratify the appointment of independent auditors

For

For

Mgmt

Issuer: Dominion Resources, Inc.
Ticker: D
CUSSIP: 25746U-109
Meeting Date: 5/11/2016
Record Date: 03/4/2016

 

 

 

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
Ticker: DUK
CUSSIP: 92343V104-103
Meeting Date: 5/5/2016
Record Date: 3/7/2016

 

 

 

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
Ticker: LLY
CUSSIP: 532457-108
Meeting Date: 5/2/2016
Record Date: 2/26/2016

 

 

 

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
Ticker: ETR
CUSSIP: 29364G-103
Meeting Date: 5/6/2016
Record Date: 3/6/2016

 

 

 

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
Ticker: EPR
CUSSIP: 26884U-109
Meeting Date: 5/11/2016
Record Date: 3/17/2016

 

 

 

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
Ticker: EXC
CUSSIP: 30161N-101
Meeting Date: 4/26/2016
Record Date: 3/4/2016

 

 

 

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
Ticker: XOM
CUSSIP: 30231G-102
Meeting Date: 5/25/2016
Record Date: 4/6/2016

 

 

 

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
Ticker: ES
CUSSIP: 30040W-108
Meeting Date: 5/4/2016
Record Date: 3/7/2016

 

 

 

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.
Ticker: FE
CUSSIP: 337932-107
Meeting Date: 5/17/2016
Record Date: 3/18/2016

 

 

 

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
Ticker: FTR
CUSSIP: 35906A-010
Meeting Date: 5/11/2016
Record Date: 3/14/2016

 

 

 

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.
Ticker: HCP
CUSSIP: 40414L-109
Meeting Date: 4/28/2016
Record Date: 3/7/2016

 

 

 

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.
Ticker: HR
CUSSIP: 421946-104
Meeting Date: 5/10/2016
Record Date: 3/10/2016

 

 

 

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.
Ticker: HIW
CUSSIP: 431284-108
Meeting Date: 5/11/2016
Record Date: 3/11/2016

 

 

 

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.
Ticker: HFC
CUSSIP: 436106-108
Meeting Date: 5/11/2016
Record Date: 3/14/2016

 

 

 

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
Ticker: HPT
CUSSIP: 44106M-102
Meeting Date: 5/25/2016
Record Date: 2/10/2016

 

 

 

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
Ticker: IBM
CUSSIP: 459200-101
Meeting Date: 4/26/2016
Record Date: 2/26/2016

 

 

 

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
Ticker: JHS
CUSSIP: 41013W-108
Meeting Date: 2/2/2016
Record Date: 11/20/2015

 

 

 

Election of directors

 

For, all directors

For, all directors

Mgmt

Issuer: Kinder Morgan, Inc.
Ticker: KMI
CUSSIP: 49456B-101
Meeting Date: 5/10/2016
Record Date: 3/11/2016

 

 

 

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.
Ticker: KHC
CUSSIP: 500754-106
Meeting Date: 4/21/2016
Record Date: 2/22/2016

 

 

 

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
Ticker: LPT
CUSSIP: 531172-104
Meeting Date: 5/12/2016
Record Date: 3/10/2016

 

 

 

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.
Ticker: LTC
CUSSIP: 502175-102
Meeting Date: 6/2/2016
Record Date: 4/18/2016

 

 

 

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.
Ticker: CLI
CUSSIP: 554489-104
Meeting Date: 6/1/2016
Record Date: 4/5/2016

 

 

 

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.
Ticker: MMP
CUSSIP: 44106M-102
Meeting Date: 4/21/2016
Record Date: 2/22/2016

 

 

 

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
Ticker: MWE
CUSSIP: 570759-100
Meeting Date: 12/1/2015
Record Date: 10/5/2015

 

 

 

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.
Ticker: MRK
CUSSIP: 58933Y-105
Meeting Date: 5/24/2016
Record Date: 3/31/2016

 

 

 

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
Ticker: MSFT
CUSSIP: 594918-104
Meeting Date: 12/2/2015
Record Date: 09/29/2015

 

 

 

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.
Ticker: MDLZ
CUSSIP: 609207-105
Meeting Date: 5/9/2016
Record Date: 3/9/2016

 

 

 

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.
Ticker: NNN
CUSSIP: 637417-106
Meeting Date: 5/19/2016
Record Date: 3/21/2016

 

 

 

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.
Ticker: NEE
CUSSIP: 65339F-101
Meeting Date: 5/19/2016
Record Date: 3/23/2016

 

 

 

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.
Ticker: OHI
CUSSIP: 681936-100
Meeting Date: 6/9/2016
Record Date: 4/19/2016

 

 

 

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.
Ticker: OGS
CUSSIP: 68235P-108
Meeting Date: 5/26/2016
Record Date: 3/26/2016

 

 

 

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.
Ticker: OKE
CUSSIP: 682680-103
Meeting Date: 5/25/2016
Record Date: 3/28/2016

 

 

 

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.
Ticker: PAYX
CUSSIP: 704326-107
Meeting Date: 10/14/2015
Record Date: 8/17/2015

 

 

 

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.
Ticker: PWE
CUSSIP: 707887-105
Meeting Date: 6/23/2016
Record Date: 5/21/2016

 

 

 

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.
Ticker: POM
CUSSIP: 713291-102
Meeting Date: 12/16/2015
Record Date: 10/19/2015

 

 

 

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.
Ticker: PFE
CUSSIP: 717081-103
Meeting Date: 4/28/2016
Record Date: 3/1/2016

 

 

 

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)
Ticker: PDM
CUSSIP: 720186-105
Meeting Date: 1/22/2016
Record Date: 12/2/2015

 

 

 

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)
Ticker: PDM
CUSSIP: 720186-105
Meeting Date: 3/17/2016
Record Date: 1/14/2016

 

 

 

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.
Ticker: PBI
CUSSIP: 724479-100
Meeting Date: 5/9/2016
Record Date: 3/11/2016

 

 

 

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
Ticker: PPL
CUSSIP: 69351T-106
Meeting Date: 5/25/2016
Record Date: 2/29/2016

 

 

 

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.
Ticker: PEG
CUSSIP: 744573-106
Meeting Date: 4/19/2016
Record Date: 2/19/2016

 

 

 

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
Ticker: O
CUSSIP: 756109-104
Meeting Date: 5/17/2016
Record Date: 3/15/2016

 

 

 

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.
Ticker: RWT
CUSSIP: 758075-402
Meeting Date: 5/16/2016
Record Date: 3/24/2016

 

 

 

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.
Ticker: RMR
CUSSIP: 74967R-106
Meeting Date: 1/3/2016
Record Date: 12/30/2015

 

 

 

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)
Ticker: RDS/A
CUSSIP: 780259-107
Meeting Date: 1/27/2016
Record Date: 12/23/2015

 

 

 

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
Ticker: RDS/A
CUSSIP: 780259-107
Meeting Date: 5/24/2016
Record Date: 4/14/2016

 

 

 

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.
Ticker: SBRA
CUSSIP: 78573L-106
Meeting Date: 6/15/2016
Record Date: 4/18/2016

 

 

 

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)
Ticker: SNY
CUSSIP: 80105N-105
Meeting Date: 5/4/2016
Record Date: 3/24/2016

 

 

 

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
Ticker: SCG
CUSSIP: 80589M-102
Meeting Date: 4/28/2016
Record Date: 3/1/2016

 

 

 

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
Ticker: SDRL
CUSSIP: G7945E-105
Meeting Date: 9/18/2015
Record Date: 7/24/2015

 

 

 

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
Ticker: SNH
CUSSIP: 81721M-109
Meeting Date: 5/18/2016
Record Date: 2/10/2016

 

 

 

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.
Ticker: SLW
CUSSIP: 828336-107
Meeting Date: 5/25/2016
Record Date: 3/29/2016

 

 

 

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
Ticker: SE
CUSSIP: 847560-109
Meeting Date: 4/26/2016
Record Date: 3/1/2016

 

 

 

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.
Ticker: STAG
CUSSIP: 85254J-102
Meeting Date: 5/2/2016
Record Date: 3/2/2016

 

 

 

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.
Ticker: SUI
CUSSIP: 866674-104
Meeting Date: 5/23/2016
Record Date: 3/11/2016

 

 

 

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
Ticker: TLN
CUSSIP: 87422J-105
Meeting Date: 5/24/2016
Record Date: 3/31/2016

 

 

 

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
Ticker: TRGP
CUSSIP: 87612G-101
Meeting Date: 5/17/2016
Record Date: 3/22/2016

 

 

 

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)
Ticker: NGLS
CUSSIP: 87611X-105
Meeting Date: 2/12/2016
Record Date: 1/12/2016

 

 

 

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
Ticker: SO
CUSSIP: 842587-107
Meeting Date: 5/28/2016
Record Date: 3/25/2016

 

 

 

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
Ticker: UL
CUSSIP: 904767-704
Meeting Date: 4/20/2016
Record Date: 3/4/2016

 

 

 

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.
Ticker: VTR
CUSSIP: 92276F-100
Meeting Date: 5/10/2016
Record Date: 3/14/2016

 

 

 

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
Ticker: VZ
CUSSIP: 26441204-100
Meeting Date: 5/5/2016
Record Date: 3/7/2016

 

 

 

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.
Ticker: WMT
CUSSIP: 931142-103
Meeting Date: 6/3/2016
Record Date: 4/8/2016

 

 

 

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
Ticker: WRE
CUSSIP: 939653-101
Meeting Date: 5/12/2016
Record Date: 3/15/2016

 

 

 

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
Ticker: WFC
CUSSIP: 949746-101
Meeting Date: 4/28/2016
Record Date: 3/3/2016

 

 

 

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
Ticker: HCN
CUSSIP: 95040Q-104
Meeting Date: 5/5/2016
Record Date: 3/8/2016

 

 

 

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)
Ticker: WEC
CUSSIP: 92939U-106
Meeting Date: 5/5/2016
Record Date: 2/25/2016

 

 

 

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.
Ticker: XEL
CUSSIP: 98389B-100
Meeting Date: 5/18/2016
Record Date: 3/22/2016

 

 

 

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