N-PX 1 brds170000887215.txt BRDS170000887215.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: 811-06653 NAME OF REGISTRANT: The Jensen Portfolio, Inc ADDRESS OF PRINCIPAL EXECUTIVE OFFICES: 5300 Meadows Road Suite 250 Lake Oswego , OR 97035 NAME AND ADDRESS OF AGENT FOR SERVICE: Rob McIver 5300 Meadows Road Suite 250 Lake Oswego, OR 97035 REGISTRANT'S TELEPHONE NUMBER: 503-726-4384 DATE OF FISCAL YEAR END: 05/31 DATE OF REPORTING PERIOD: 07/01/2010 - 06/30/2011 JENSEN PORTFOLIO -------------------------------------------------------------------------------------------------------------------------- 3M COMPANY Agenda Number: 933390407 -------------------------------------------------------------------------------------------------------------------------- Security: 88579Y101 Meeting Type: Annual Meeting Date: 10-May-2011 Ticker: MMM ISIN: US88579Y1010 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: LINDA G. ALVARADO Mgmt For For 1B ELECTION OF DIRECTOR: GEORGE W. BUCKLEY Mgmt For For 1C ELECTION OF DIRECTOR: VANCE D. COFFMAN Mgmt For For 1D ELECTION OF DIRECTOR: MICHAEL L. ESKEW Mgmt For For 1E ELECTION OF DIRECTOR: W. JAMES FARRELL Mgmt For For 1F ELECTION OF DIRECTOR: HERBERT L. HENKEL Mgmt For For 1G ELECTION OF DIRECTOR: EDWARD M. LIDDY Mgmt For For 1H ELECTION OF DIRECTOR: ROBERT S. MORRISON Mgmt For For 1I ELECTION OF DIRECTOR: AULANA L. PETERS Mgmt For For 1J ELECTION OF DIRECTOR: ROBERT J. ULRICH Mgmt For For 02 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Mgmt For For LLP AS 3M'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. 03 AN ADVISORY VOTE ON EXECUTIVE COMPENSATION. Mgmt For For 04 AN ADVISORY VOTE ON THE FREQUENCY OF ADVISORY Mgmt 3 Years Against VOTES ON EXECUTIVE COMPENSATION. 05 STOCKHOLDER PROPOSAL ON POLITICAL CONTRIBUTIONS. Shr Against For -------------------------------------------------------------------------------------------------------------------------- ABBOTT LABORATORIES Agenda Number: 933386319 -------------------------------------------------------------------------------------------------------------------------- Security: 002824100 Meeting Type: Annual Meeting Date: 29-Apr-2011 Ticker: ABT ISIN: US0028241000 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR R.J. ALPERN Mgmt For For R.S. AUSTIN Mgmt For For W.J. FARRELL Mgmt For For H.L. FULLER Mgmt For For E.M. LIDDY Mgmt For For P.N. NOVAKOVIC Mgmt For For W.A. OSBORN Mgmt For For S.C. SCOTT III Mgmt For For G.F. TILTON Mgmt For For M.D. WHITE Mgmt For For 02 RATIFICATION OF DELOITTE & TOUCHE LLP AS AUDITORS. Mgmt For For 03 SAY ON PAY - AN ADVISORY VOTE ON THE APPROVAL Mgmt For For OF EXECUTIVE COMPENSATION. 04 SAY WHEN ON PAY - AN ADVISORY VOTE ON THE APPROVAL Mgmt 3 Years Against OF THE FREQUENCY OF SHAREHOLDER VOTES ON EXECUTIVE COMPENSATION. 05 SHAREHOLDER PROPOSAL - PHARMACEUTICAL PRICING. Shr Against For -------------------------------------------------------------------------------------------------------------------------- ADOBE SYSTEMS INCORPORATED Agenda Number: 933378918 -------------------------------------------------------------------------------------------------------------------------- Security: 00724F101 Meeting Type: Annual Meeting Date: 21-Apr-2011 Ticker: ADBE ISIN: US00724F1012 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF CLASS II DIRECTOR: ROBERT K. BURGESS Mgmt For For 1B ELECTION OF CLASS II DIRECTOR: DANIEL ROSENSWEIG Mgmt For For 1C ELECTION OF CLASS II DIRECTOR: ROBERT SEDGEWICK Mgmt For For 1D ELECTION OF CLASS II DIRECTOR: JOHN E. WARNOCK Mgmt For For 02 APPROVAL OF THE AMENDMENT OF THE 1997 EMPLOYEE Mgmt For For STOCK PURCHASE PLAN TO INCREASE THE SHARE RESERVE BY 17 MILLION SHARES. 03 APPROVAL OF THE ADOPTION OF THE 2011 EXECUTIVE Mgmt For For CASH PERFORMANCE BONUS PLAN. 04 RATIFICATION OF THE APPOINTMENT OF KPMG LLP Mgmt For For AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING ON DECEMBER 2, 2011. 05 APPROVAL OF THE CERTIFICATE OF AMENDMENT TO Mgmt For For THE RESTATED CERTIFICATE OF INCORPORATION TO ELIMINATE OUR CLASSIFIED BOARD STRUCTURE. 06 ADVISORY VOTE TO APPROVE THE RESOLUTION ON THE Mgmt For For COMPENSATION OF THE NAMED EXECUTIVE OFFICERS. 07 ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY Mgmt 3 Years Against VOTES TO APPROVE A RESOLUTION ON THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS. -------------------------------------------------------------------------------------------------------------------------- AMPHENOL CORPORATION Agenda Number: 933439627 -------------------------------------------------------------------------------------------------------------------------- Security: 032095101 Meeting Type: Annual Meeting Date: 25-May-2011 Ticker: APH ISIN: US0320951017 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR RONALD P. BADIE Mgmt For For R. ADAM NORWITT Mgmt For For DEAN H. SECORD Mgmt For For 02 RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT Mgmt For For PUBLIC ACCOUNTANTS OF THE COMPANY. 03 ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION. Mgmt For For 04 ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY Mgmt 3 Years Against VOTES ON EXECUTIVE COMPENSATION. -------------------------------------------------------------------------------------------------------------------------- AUTOMATIC DATA PROCESSING, INC. Agenda Number: 933332378 -------------------------------------------------------------------------------------------------------------------------- Security: 053015103 Meeting Type: Annual Meeting Date: 09-Nov-2010 Ticker: ADP ISIN: US0530151036 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR GREGORY D. BRENNEMAN Mgmt For For LESLIE A. BRUN Mgmt For For GARY C. BUTLER Mgmt For For LEON G. COOPERMAN Mgmt For For ERIC C. FAST Mgmt For For LINDA R. GOODEN Mgmt For For R. GLENN HUBBARD Mgmt For For JOHN P. JONES Mgmt For For SHARON T. ROWLANDS Mgmt For For ENRIQUE T. SALEM Mgmt For For GREGORY L. SUMME Mgmt For For 02 AMENDMENT OF THE AUTOMATIC DATA PROCESSING, Mgmt For For INC. EMPLOYEES' SAVINGS STOCK PURCHASE PLAN 03 APPOINTMENT OF DELOITTE & TOUCHE LLP Mgmt For For -------------------------------------------------------------------------------------------------------------------------- C. R. BARD, INC. Agenda Number: 933394037 -------------------------------------------------------------------------------------------------------------------------- Security: 067383109 Meeting Type: Annual Meeting Date: 20-Apr-2011 Ticker: BCR ISIN: US0673831097 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR JOHN C. KELLY Mgmt For For GAIL K. NAUGHTON PH.D. Mgmt For For JOHN H. WEILAND Mgmt For For 02 TO RATIFY THE APPOINTMENT OF KPMG LLP AS INDEPENDENT Mgmt For For REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR 2011. 03 SAY-ON-PAY - AN ADVISORY VOTE ON THE APPROVAL Mgmt For For OF COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS. 04 SAY-WHEN-ON-PAY - AN ADVISORY VOTE ON THE APPROVAL Mgmt 3 Years Against OF THE FREQUENCY OF SHAREHOLDER VOTES ON COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS. 05 TO CONSIDER A SHAREHOLDER PROPOSAL RELATING Shr Against For TO SUSTAINABILITY REPORTING. 06 TO CONSIDER A SHAREHOLDER PROPOSAL FOR THE ANNUAL Shr Against For ELECTION OF DIRECTORS. -------------------------------------------------------------------------------------------------------------------------- C.H. ROBINSON WORLDWIDE, INC. Agenda Number: 933396233 -------------------------------------------------------------------------------------------------------------------------- Security: 12541W209 Meeting Type: Annual Meeting Date: 12-May-2011 Ticker: CHRW ISIN: US12541W2098 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: ROBERT EZRILOV Mgmt For For 1B ELECTION OF DIRECTOR: WAYNE M. FORTUN Mgmt For For 1C ELECTION OF DIRECTOR: BRIAN P. SHORT Mgmt For For 02 TO APPROVE, BY NON-BINDING VOTE, NAMED EXECUTIVE Mgmt For For OFFICER COMPENSATION. 03 TO RECOMMEND, BY NON-BINDING VOTE, FREQUENCY Mgmt 3 Years Against OF EXECUTIVE COMPENSATION VOTES. 04 RATIFICATION OF THE SELECTION OF DELOITTE & Mgmt For For TOUCHE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2011. 05 SHAREHOLDER BOARD DECLASSIFICATION PROPOSAL. Shr Against For -------------------------------------------------------------------------------------------------------------------------- COGNIZANT TECHNOLOGY SOLUTIONS CORP. Agenda Number: 933429020 -------------------------------------------------------------------------------------------------------------------------- Security: 192446102 Meeting Type: Annual Meeting Date: 02-Jun-2011 Ticker: CTSH ISIN: US1924461023 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: ROBERT W. HOWE Mgmt For For 1B ELECTION OF DIRECTOR: ROBERT E. WEISSMAN Mgmt For For 02 APPROVAL OF THE COMPENSATION OF OUR NAMED EXECUTIVE Mgmt For For OFFICERS, DISCLOSED PURSUANT TO ITEM 402 OF REGULATION S-K. 03 ADVISORY VOTE ON THE FREQUENCY OF THE ADVISORY Mgmt 3 Years For VOTE ON EXECUTIVE COMPENSATION. 04 TO AMEND OUR RESTATED CERTIFICATE OF INCORPORATION, Mgmt For For AS AMENDED TO INCREASE THE MAXIMUM NUMBER OF AUTHORIZED SHARES OF CAPITAL STOCK, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT. 05 TO AMEND OUR CERTIFICATE OF INCORPORATION TO Mgmt For For REDUCE CERTAIN SUPERMAJORITY VOTING THRESHOLDS FROM 80% OF THE VOTING POWER OF ALL THEN OUTSTANDING SHARES OF CAPITAL STOCK TO 66 2/3% OF THE VOTING POWER OF ALL THEN OUTSTANDING SHARES OF CAPITAL STOCK. 06 TO AMEND OUR AMENDED AND RESTATED BY-LAWS, AS Mgmt For For AMENDED, TO REDUCE CERTAIN SUPERMAJORITY VOTING THRESHOLDS FROM 80% OF THE VOTING POWER OF ALL THEN OUTSTANDING SHARES OF CAPITAL STOCK TO 66 2/3% OF THE VOTING POWER OF ALL THEN OUTSTANDING SHARES OF CAPITAL STOCK. 07 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Mgmt For For LLP AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2011. -------------------------------------------------------------------------------------------------------------------------- COLGATE-PALMOLIVE COMPANY Agenda Number: 933386167 -------------------------------------------------------------------------------------------------------------------------- Security: 194162103 Meeting Type: Annual Meeting Date: 06-May-2011 Ticker: CL ISIN: US1941621039 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: JOHN T. CAHILL Mgmt For For 1B ELECTION OF DIRECTOR: IAN COOK Mgmt For For 1C ELECTION OF DIRECTOR: HELENE D. GAYLE Mgmt For For 1D ELECTION OF DIRECTOR: ELLEN M. HANCOCK Mgmt For For 1E ELECTION OF DIRECTOR: JOSEPH JIMENEZ Mgmt For For 1F ELECTION OF DIRECTOR: RICHARD J. KOGAN Mgmt For For 1G ELECTION OF DIRECTOR: DELANO E. LEWIS Mgmt For For 1H ELECTION OF DIRECTOR: J. PEDRO REINHARD Mgmt For For 1I ELECTION OF DIRECTOR: STEPHEN I. SADOVE Mgmt For For 02 RATIFY SELECTION OF PRICEWATERHOUSECOOPERS LLP Mgmt For For AS COLGATE'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. 03 ADVISORY VOTE ON EXECUTIVE COMPENSATION. Mgmt For For 04 ADVISORY VOTE ON THE FREQUENCY OF ADVISORY VOTES Mgmt 3 Years Against ON EXECUTIVE COMPENSATION. 05 STOCKHOLDER PROPOSAL ON SPECIAL STOCKHOLDER Shr Against For MEETINGS. -------------------------------------------------------------------------------------------------------------------------- ECOLAB INC. Agenda Number: 933392045 -------------------------------------------------------------------------------------------------------------------------- Security: 278865100 Meeting Type: Annual Meeting Date: 05-May-2011 Ticker: ECL ISIN: US2788651006 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: DOUGLAS M. BAKER, JR. Mgmt For For 1B ELECTION OF DIRECTOR: BARBARA J. BECK Mgmt For For 1C ELECTION OF DIRECTOR: JERRY W. LEVIN Mgmt For For 1D ELECTION OF DIRECTOR: ROBERT L. LUMPKINS Mgmt For For 02 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED Mgmt For For PUBLIC ACCOUNTING FIRM. 03 APPROVE AMENDMENTS TO THE ECOLAB STOCK PURCHASE Mgmt For For PLAN. 04 ADVISORY VOTE ON APPROVAL OF THE COMPENSATION Mgmt For For OF EXECUTIVES DISCLOSED IN THE PROXY STATEMENT. 05 ADVISORY VOTE ON THE FREQUENCY OF FUTURE STOCKHOLDER Mgmt 3 Years Against ADVISORY VOTES ON EXECUTIVE COMPENSATION. 06 STOCKHOLDER PROPOSAL REQUESTING THE BOARD OF Shr Against For DIRECTORS TO ADOPT A POLICY ON THE HUMAN RIGHT TO WATER. 07 STOCKHOLDER PROPOSAL REQUESTING THE BOARD OF Shr Against For DIRECTORS TO TAKE ACTION TO ELIMINATE SUPER-MAJORITY VOTING. -------------------------------------------------------------------------------------------------------------------------- EMERSON ELECTRIC CO. Agenda Number: 933358435 -------------------------------------------------------------------------------------------------------------------------- Security: 291011104 Meeting Type: Annual Meeting Date: 01-Feb-2011 Ticker: EMR ISIN: US2910111044 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR D.N. FARR* Mgmt For For H. GREEN* Mgmt For For C.A. PETERS* Mgmt For For J.W. PRUEHER* Mgmt For For R.L. RIDGWAY** Mgmt For For 02 RE-APPROVAL OF THE PERFORMANCE MEASURES UNDER Mgmt For For THE EMERSON ELECTRIC CO. 2006 INCENTIVE SHARES PLAN. 03 APPROVAL OF THE EMERSON ELECTRIC CO. 2011 STOCK Mgmt For For OPTION PLAN. 04 RATIFICATION OF KPMG LLP AS INDEPENDENT REGISTERED Mgmt For For PUBLIC ACCOUNTING FIRM. 05 APPROVAL, BY NON-BINDING ADVISORY VOTE, OF EMERSON Mgmt Abstain Against ELECTRIC CO. EXECUTIVE COMPENSATION. 06 ADVISORY VOTE ON THE FREQUENCY OF EXECUTIVE Mgmt Abstain Against COMPENSATION ADVISORY VOTES. 07 APPROVAL OF THE STOCKHOLDER PROPOSAL REQUESTING Shr Against For THE ISSUANCE OF A SUSTAINABILITY REPORT AS DESCRIBED IN THE PROXY STATEMENT. -------------------------------------------------------------------------------------------------------------------------- EQUIFAX INC. Agenda Number: 933391992 -------------------------------------------------------------------------------------------------------------------------- Security: 294429105 Meeting Type: Annual Meeting Date: 05-May-2011 Ticker: EFX ISIN: US2944291051 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: JAMES E. COPELAND, JR. Mgmt For For 1B ELECTION OF DIRECTOR: ROBERT D. DALEO Mgmt For For 1C ELECTION OF DIRECTOR: WALTER W. DRIVER, JR. Mgmt For For 1D ELECTION OF DIRECTOR: L. PHILLIP HUMANN Mgmt For For 1E ELECTION OF DIRECTOR: SIRI S. MARSHALL Mgmt For For 1F ELECTION OF DIRECTOR: MARK B. TEMPLETON Mgmt For For 02 TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP Mgmt For For AS EQUIFAX'S PRINCIPAL INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2011. 03 ADVISORY RESOLUTION ON EXECUTIVE COMPENSATION. Mgmt For For 04 ADVISORY VOTE ON THE FREQUENCY OF FUTURE ADVISORY Mgmt 3 Years Against VOTES ON EXECUTIVE COMPENSATION. -------------------------------------------------------------------------------------------------------------------------- MEDTRONIC, INC. Agenda Number: 933309139 -------------------------------------------------------------------------------------------------------------------------- Security: 585055106 Meeting Type: Annual Meeting Date: 25-Aug-2010 Ticker: MDT ISIN: US5850551061 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1 DIRECTOR RICHARD H. ANDERSON Mgmt For For DAVID L. CALHOUN Mgmt For For VICTOR J. DZAU, M.D. Mgmt For For WILLIAM A. HAWKINS Mgmt For For SHIRLEY A. JACKSON, PHD Mgmt For For JAMES T. LENEHAN Mgmt For For DENISE M. O'LEARY Mgmt For For KENDALL J. POWELL Mgmt For For ROBERT C. POZEN Mgmt For For JEAN-PIERRE ROSSO Mgmt For For JACK W. SCHULER Mgmt For For 2 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Mgmt For For LLP AS MEDTRONIC'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. -------------------------------------------------------------------------------------------------------------------------- MICROSOFT CORPORATION Agenda Number: 933331011 -------------------------------------------------------------------------------------------------------------------------- Security: 594918104 Meeting Type: Annual Meeting Date: 16-Nov-2010 Ticker: MSFT ISIN: US5949181045 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 ELECTION OF DIRECTOR: STEVEN A. BALLMER Mgmt For For 02 ELECTION OF DIRECTOR: DINA DUBLON Mgmt For For 03 ELECTION OF DIRECTOR: WILLIAM H. GATES III Mgmt For For 04 ELECTION OF DIRECTOR: RAYMOND V. GILMARTIN Mgmt For For 05 ELECTION OF DIRECTOR: REED HASTINGS Mgmt For For 06 ELECTION OF DIRECTOR: MARIA M. KLAWE Mgmt For For 07 ELECTION OF DIRECTOR: DAVID F. MARQUARDT Mgmt For For 08 ELECTION OF DIRECTOR: CHARLES H. NOSKI Mgmt For For 09 ELECTION OF DIRECTOR: HELMUT PANKE Mgmt For For 10 RATIFICATION OF THE SELECTION OF DELOITTE & Mgmt For For TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITOR 11 SHAREHOLDER PROPOSAL - ESTABLISHMENT OF BOARD Shr Against For COMMITTEE ON ENVIRONMENTAL SUSTAINABILITY -------------------------------------------------------------------------------------------------------------------------- OMNICOM GROUP INC. Agenda Number: 933421909 -------------------------------------------------------------------------------------------------------------------------- Security: 681919106 Meeting Type: Annual Meeting Date: 24-May-2011 Ticker: OMC ISIN: US6819191064 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: JOHN D. WREN Mgmt For For 1B ELECTION OF DIRECTOR: BRUCE CRAWFORD Mgmt For For 1C ELECTION OF DIRECTOR: ALAN R. BATKIN Mgmt For For 1D ELECTION OF DIRECTOR: ROBERT CHARLES CLARK Mgmt For For 1E ELECTION OF DIRECTOR: LEONARD S. COLEMAN, JR. Mgmt For For 1F ELECTION OF DIRECTOR: ERROL M. COOK Mgmt For For 1G ELECTION OF DIRECTOR: SUSAN S. DENISON Mgmt For For 1H ELECTION OF DIRECTOR: MICHAEL A. HENNING Mgmt For For 1I ELECTION OF DIRECTOR: JOHN R. MURPHY Mgmt For For 1J ELECTION OF DIRECTOR: JOHN R. PURCELL Mgmt For For 1K ELECTION OF DIRECTOR: LINDA JOHNSON RICE Mgmt For For 1L ELECTION OF DIRECTOR: GARY L. ROUBOS Mgmt For For 02 RATIFICATION OF THE APPOINTMENT OF KPMG LLP Mgmt For For AS OUR INDEPENDENT AUDITORS FOR THE 2011 FISCAL YEAR 03 COMPANY PROPOSAL TO APPROVE THE AMENDMENT TO Mgmt For For OUR CHARTER TO ALLOW SHAREHOLDER ACTION BY LESS THAN UNANIMOUS WRITTEN CONSENT 04 COMPANY PROPOSAL TO APPROVE THE AMENDMENT TO Mgmt For For OUR CHARTER AND BY-LAWS TO ELIMINATE SUPERMAJORITY VOTING REQUIREMENTS 05 ADVISORY VOTE ON THE COMPANY'S EXECUTIVE COMPENSATION Mgmt For For 06 ADVISORY VOTE ON THE FREQUENCY OF FUTURE SHAREHOLDER Mgmt 3 Years Against ADVISORY VOTES ON THE COMPANY'S EXECUTIVE COMPENSATION -------------------------------------------------------------------------------------------------------------------------- ORACLE CORPORATION Agenda Number: 933328189 -------------------------------------------------------------------------------------------------------------------------- Security: 68389X105 Meeting Type: Annual Meeting Date: 06-Oct-2010 Ticker: ORCL ISIN: US68389X1054 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR JEFFREY S. BERG Mgmt For For H. RAYMOND BINGHAM Mgmt For For MICHAEL J. BOSKIN Mgmt For For SAFRA A. CATZ Mgmt For For BRUCE R. CHIZEN Mgmt For For GEORGE H. CONRADES Mgmt For For LAWRENCE J. ELLISON Mgmt For For HECTOR GARCIA-MOLINA Mgmt For For JEFFREY O. HENLEY Mgmt For For MARK V. HURD Mgmt For For DONALD L. LUCAS Mgmt For For NAOMI O. SELIGMAN Mgmt For For 02 APPROVE THE ORACLE CORPORATION EXECUTIVE BONUS Mgmt For For PLAN. 03 APPROVE THE ORACLE CORPORATION AMENDED AND RESTATED Mgmt For For 2000 LONG-TERM EQUITY INCENTIVE PLAN, INCLUDING AN AMENDMENT TO INCREASE THE AGGREGATE NUMBER OF SHARES AUTHORIZED FOR ISSUANCE UNDER THE PLAN BY 419,020,418 SHARES. 04 RATIFY THE SELECTION OF ERNST & YOUNG LLP AS Mgmt For For OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING MAY 31, 2011. 05 ACT ON A STOCKHOLDER PROPOSAL TO AMEND THE CORPORATE Shr Against For BYLAWS TO ESTABLISH A BOARD COMMITTEE ON SUSTAINABILITY. 06 ACT ON A STOCKHOLDER PROPOSAL REGARDING MAJORITY Shr Against For VOTING IN DIRECTOR ELECTIONS. 07 ACT ON A STOCKHOLDER PROPOSAL REGARDING EQUITY Shr Against For RETENTION. -------------------------------------------------------------------------------------------------------------------------- PAYCHEX, INC. Agenda Number: 933325599 -------------------------------------------------------------------------------------------------------------------------- Security: 704326107 Meeting Type: Annual Meeting Date: 13-Oct-2010 Ticker: PAYX ISIN: US7043261079 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: B. THOMAS GOLISANO Mgmt For For 1B ELECTION OF DIRECTOR: DAVID J. S. FLASCHEN Mgmt For For 1C ELECTION OF DIRECTOR: GRANT M. INMAN Mgmt For For 1D ELECTION OF DIRECTOR: PAMELA A. JOSEPH Mgmt For For 1E ELECTION OF DIRECTOR: JOSEPH M. TUCCI Mgmt For For 1F ELECTION OF DIRECTOR: JOSEPH M. VELLI Mgmt For For 2 TO AMEND THE PAYCHEX, INC. 2002 STOCK INCENTIVE Mgmt For For PLAN, INCLUDING AN INCREASE IN THE SHARES AVAILABLE UNDER THE PLAN. 3 RATIFICATION OF THE SELECTION OF ERNST & YOUNG Mgmt For For LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM. -------------------------------------------------------------------------------------------------------------------------- PEPSICO, INC. Agenda Number: 933392069 -------------------------------------------------------------------------------------------------------------------------- Security: 713448108 Meeting Type: Annual Meeting Date: 04-May-2011 Ticker: PEP ISIN: US7134481081 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: S.L. BROWN Mgmt For For 1B ELECTION OF DIRECTOR: I.M. COOK Mgmt For For 1C ELECTION OF DIRECTOR: D. DUBLON Mgmt For For 1D ELECTION OF DIRECTOR: V.J. DZAU Mgmt For For 1E ELECTION OF DIRECTOR: R.L. HUNT Mgmt For For 1F ELECTION OF DIRECTOR: A. IBARGUEN Mgmt For For 1G ELECTION OF DIRECTOR: A.C. MARTINEZ Mgmt For For 1H ELECTION OF DIRECTOR: I.K. NOOYI Mgmt For For 1I ELECTION OF DIRECTOR: S.P. ROCKEFELLER Mgmt For For 1J ELECTION OF DIRECTOR: J.J. SCHIRO Mgmt For For 1K ELECTION OF DIRECTOR: L.G. TROTTER Mgmt For For 1L ELECTION OF DIRECTOR: D. VASELLA Mgmt For For 02 APPROVAL, BY NON-BINDING VOTE, OF EXECUTIVE Mgmt For For COMPENSATION. 03 RECOMMEND, BY NON-BINDING VOTE, THE FREQUENCY Mgmt 3 Years For OF EXECUTIVE COMPENSATION VOTES. 04 APPROVAL OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS Mgmt For For FOR FISCAL YEAR 2011. 05 APPROVAL OF AMENDMENT TO ARTICLES OF INCORPORATION Mgmt For For TO IMPLEMENT MAJORITY VOTING FOR DIRECTORS IN UNCONTESTED ELECTIONS. 06 SHAREHOLDER PROPOSAL - RIGHT TO CALL SPECIAL Shr Against For SHAREHOLDER MEETINGS. (PROXY STATEMENT P.63) 07 SHAREHOLDER PROPOSAL - POLITICAL CONTRIBUTIONS Shr Against For REPORT (PROXY STATEMENT P.65) -------------------------------------------------------------------------------------------------------------------------- PRAXAIR, INC. Agenda Number: 933384086 -------------------------------------------------------------------------------------------------------------------------- Security: 74005P104 Meeting Type: Annual Meeting Date: 26-Apr-2011 Ticker: PX ISIN: US74005P1049 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1 DIRECTOR STEPHEN F. ANGEL Mgmt For For OSCAR BERNARDES Mgmt For For NANCE K. DICCIANI Mgmt For For EDWARD G. GALANTE Mgmt For For CLAIRE W. GARGALLI Mgmt For For IRA D. HALL Mgmt For For RAYMOND W. LEBOEUF Mgmt For For LARRY D. MCVAY Mgmt For For WAYNE T. SMITH Mgmt For For ROBERT L. WOOD Mgmt For For 2 APPROVE, ON AN ADVISORY AND NON-BINDING BASIS, Mgmt For For THE COMPENSATION OF PRAXAIR'S NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THE 2011 PROXY STATEMENT. 3 RECOMMEND, ON AN ADVISORY AND NON-BINDING BASIS, Mgmt 3 Years Against THE FREQUENCY OF HOLDING FUTURE ADVISORY VOTES ON NAMED EXECUTIVE OFFICER COMPENSATION. 4 TO APPROVE PERFORMANCE GOALS UNDER PRAXAIR'S Mgmt For For SECTION 162(M) PLAN. 5 TO APPROVE AMENDMENTS TO THE 2009 PRAXAIR, INC. Mgmt For For LONG TERM INCENTIVE PLAN TO ADD NON-EMPLOYEE DIRECTORS AS ELIGIBLE PARTICIPANTS. 6 TO RATIFY THE APPOINTMENT OF THE INDEPENDENT Mgmt For For AUDITOR -------------------------------------------------------------------------------------------------------------------------- STRYKER CORPORATION Agenda Number: 933388490 -------------------------------------------------------------------------------------------------------------------------- Security: 863667101 Meeting Type: Annual Meeting Date: 26-Apr-2011 Ticker: SYK ISIN: US8636671013 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 01 DIRECTOR HOWARD E. COX, JR. Mgmt For For SRIKANT M. DATAR, PH.D. Mgmt For For ROCH DOLIVEUX, DVM Mgmt For For LOUISE L. FRANCESCONI Mgmt For For ALLAN C. GOLSTON Mgmt For For HOWARD L. LANCE Mgmt For For STEPHEN P. MACMILLAN Mgmt For For WILLIAM U. PARFET Mgmt For For RONDA E. STRYKER Mgmt For For 02 RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP Mgmt For For AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2011. 03 APPROVAL OF THE 2011 LONG-TERM INCENTIVE PLAN. Mgmt For For 04 APPROVAL OF THE 2011 PERFORMANCE INCENTIVE AWARD Mgmt For For PLAN. 05 APPROVAL, IN AN ADVISORY VOTE, OF THE COMPANY'S Mgmt For For EXECUTIVE COMPENSATION. 06 RECOMMENDATION, IN AN ADVISORY VOTE, OF THE Mgmt 3 Years Against FREQUENCY OF FUTURE ADVISORY VOTES ON EXECUTIVE COMPENSATION. 07 SHAREHOLDER PROPOSAL, IF PROPERLY PRESENTED Shr Against For AT THE MEETING. -------------------------------------------------------------------------------------------------------------------------- SYSCO CORPORATION Agenda Number: 933330398 -------------------------------------------------------------------------------------------------------------------------- Security: 871829107 Meeting Type: Annual Meeting Date: 12-Nov-2010 Ticker: SYY ISIN: US8718291078 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: JOHN M. CASSADAY Mgmt For For 1B ELECTION OF DIRECTOR: MANUEL A. FERNANDEZ Mgmt For For 1C ELECTION OF DIRECTOR: HANS-JOACHIM KOERBER Mgmt For For 1D ELECTION OF DIRECTOR: JACKIE M. WARD Mgmt For For 02 TO APPROVE AN AMENDMENT TO THE SYSCO CORPORATION Mgmt For For 1974 EMPLOYEES' STOCK PURCHASE PLAN TO RESERVE 5,000,000 ADDITIONAL SHARES OF SYSCO CORPORATION COMMON STOCK FOR ISSUANCE UNDER THE PLAN. 03 TO RATIFY THE APPOINTMENT OF ERNST & YOUNG LLP Mgmt For For AS SYSCO'S INDEPENDENT ACCOUNTANTS FOR FISCAL 2011. -------------------------------------------------------------------------------------------------------------------------- T. ROWE PRICE GROUP, INC. Agenda Number: 933376609 -------------------------------------------------------------------------------------------------------------------------- Security: 74144T108 Meeting Type: Annual Meeting Date: 14-Apr-2011 Ticker: TROW ISIN: US74144T1088 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: EDWARD C. BERNARD Mgmt For For 1B ELECTION OF DIRECTOR: JAMES T. BRADY Mgmt For For 1C ELECTION OF DIRECTOR: J. ALFRED BROADDUS, JR. Mgmt For For 1D ELECTION OF DIRECTOR: DONALD B. HEBB, JR. Mgmt For For 1E ELECTION OF DIRECTOR: JAMES A.C. KENNEDY Mgmt For For 1F ELECTION OF DIRECTOR: ROBERT F. MACLELLAN Mgmt For For 1G ELECTION OF DIRECTOR: BRIAN C. ROGERS Mgmt For For 1H ELECTION OF DIRECTOR: DR. ALFRED SOMMER Mgmt For For 1I ELECTION OF DIRECTOR: DWIGHT S. TAYLOR Mgmt For For 1J ELECTION OF DIRECTOR: ANNE MARIE WHITTEMORE Mgmt For For 02 TO APPROVE, BY A NON-BINDING ADVISORY VOTE, Mgmt For For THE COMPENSATION PAID BY THE COMPANY TO ITS NAMED EXECUTIVE OFFICERS. 03 RECOMMEND, BY NON-BINDING ADVISORY VOTE, FREQUENCY Mgmt 3 Years Against OF VOTING BY HOLDERS ON COMPENSATION PAID BY COMPANY TO EXECUTIVE OFFICERS. 04 RATIFICATION OF THE APPOINTMENT OF KPMG LLP Mgmt For For AS OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2011. -------------------------------------------------------------------------------------------------------------------------- THE CLOROX COMPANY Agenda Number: 933336326 -------------------------------------------------------------------------------------------------------------------------- Security: 189054109 Meeting Type: Annual Meeting Date: 17-Nov-2010 Ticker: CLX ISIN: US1890541097 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: DANIEL BOGGAN, JR. Mgmt For For 1B ELECTION OF DIRECTOR: RICHARD H. CARMONA Mgmt For For 1C ELECTION OF DIRECTOR: TULLY M. FRIEDMAN Mgmt For For 1D ELECTION OF DIRECTOR: GEORGE J. HARAD Mgmt For For 1E ELECTION OF DIRECTOR: DONALD R. KNAUSS Mgmt For For 1F ELECTION OF DIRECTOR: ROBERT W. MATSCHULLAT Mgmt For For 1G ELECTION OF DIRECTOR: GARY G. MICHAEL Mgmt For For 1H ELECTION OF DIRECTOR: EDWARD A. MUELLER Mgmt For For 1I ELECTION OF DIRECTOR: JAN L. MURLEY Mgmt For For 1J ELECTION OF DIRECTOR: PAMELA THOMAS-GRAHAM Mgmt For For 1K ELECTION OF DIRECTOR: CAROLYN M. TICKNOR Mgmt For For 02 RATIFICATION OF INDEPENDENT REGISTERED PUBLIC Mgmt For For ACCOUNTING FIRM. 03 APPROVAL OF THE MATERIAL TERMS OF THE PERFORMANCE Mgmt For For GOALS UNDER THE COMPANY'S 2005 STOCK INCENTIVE PLAN. 04 APPROVAL OF THE MATERIAL TERMS OF THE PERFORMANCE Mgmt For For GOALS UNDER THE COMPANY'S EXECUTIVE INCENTIVE COMPENSATION PLAN. 05 STOCKHOLDER PROPOSAL ON INDEPENDENT CHAIRMAN. Shr Against For -------------------------------------------------------------------------------------------------------------------------- THE COCA-COLA COMPANY Agenda Number: 933380418 -------------------------------------------------------------------------------------------------------------------------- Security: 191216100 Meeting Type: Annual Meeting Date: 27-Apr-2011 Ticker: KO ISIN: US1912161007 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: HERBERT A. ALLEN Mgmt For For 1B ELECTION OF DIRECTOR: RONALD W. ALLEN Mgmt For For 1C ELECTION OF DIRECTOR: HOWARD G. BUFFETT Mgmt For For 1D ELECTION OF DIRECTOR: BARRY DILLER Mgmt For For 1E ELECTION OF DIRECTOR: EVAN G. GREENBERG Mgmt For For 1F ELECTION OF DIRECTOR: ALEXIS M. HERMAN Mgmt For For 1G ELECTION OF DIRECTOR: MUHTAR KENT Mgmt For For 1H ELECTION OF DIRECTOR: DONALD R. KEOUGH Mgmt For For 1I ELECTION OF DIRECTOR: MARIA ELENA LAGOMASINO Mgmt For For 1J ELECTION OF DIRECTOR: DONALD F. MCHENRY Mgmt For For 1K ELECTION OF DIRECTOR: SAM NUNN Mgmt For For 1L ELECTION OF DIRECTOR: JAMES D. ROBINSON III Mgmt For For 1M ELECTION OF DIRECTOR: PETER V. UEBERROTH Mgmt For For 1N ELECTION OF DIRECTOR: JACOB WALLENBERG Mgmt For For 1O ELECTION OF DIRECTOR: JAMES B. WILLIAMS Mgmt For For 02 RATIFICATION OF THE APPOINTMENT OF ERNST & YOUNG Mgmt For For LLP AS INDEPENDENT AUDITORS 03 APPROVAL OF THE PERFORMANCE MEASURES AVAILABLE Mgmt For For UNDER THE PERFORMANCE INCENTIVE PLAN OF THE COCA-COLA COMPANY TO PRESERVE THE TAX DEDUCTIBILITY OF THE AWARDS 04 APPROVAL OF THE PERFORMANCE MEASURES AVAILABLE Mgmt For For UNDER THE COCA-COLA COMPANY 1989 RESTRICTED STOCK AWARD PLAN TO PRESERVE THE TAX DEDUCTIBILITY OF THE AWARDS 05 ADVISORY VOTE ON EXECUTIVE COMPENSATION (SAY Mgmt For For ON PAY VOTE) 06 ADVISORY VOTE ON THE FREQUENCY OF HOLDING THE Mgmt 3 Years Against SAY ON PAY VOTE 07 SHAREOWNER PROPOSAL REGARDING A REPORT ON BISPHENOL-A Shr Against For -------------------------------------------------------------------------------------------------------------------------- THE PROCTER & GAMBLE COMPANY Agenda Number: 933321375 -------------------------------------------------------------------------------------------------------------------------- Security: 742718109 Meeting Type: Annual Meeting Date: 12-Oct-2010 Ticker: PG ISIN: US7427181091 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: ANGELA F. BRALY Mgmt For For 1B ELECTION OF DIRECTOR: KENNETH I. CHENAULT Mgmt For For 1C ELECTION OF DIRECTOR: SCOTT D. COOK Mgmt For For 1D ELECTION OF DIRECTOR: RAJAT K. GUPTA Mgmt For For 1E ELECTION OF DIRECTOR: ROBERT A. MCDONALD Mgmt For For 1F ELECTION OF DIRECTOR: W. JAMES MCNERNEY, JR. Mgmt For For 1G ELECTION OF DIRECTOR: JOHNATHAN A. RODGERS Mgmt For For 1H ELECTION OF DIRECTOR: MARY A. WILDEROTTER Mgmt For For 1I ELECTION OF DIRECTOR: PATRICIA A. WOERTZ Mgmt For For 1J ELECTION OF DIRECTOR: ERNESTO ZEDILLO Mgmt For For 02 RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED Mgmt For For PUBLIC ACCOUNTING FIRM 03 SHAREHOLDER PROPOSAL - CUMULATIVE VOTING Shr Against For -------------------------------------------------------------------------------------------------------------------------- UNITED TECHNOLOGIES CORPORATION Agenda Number: 933375722 -------------------------------------------------------------------------------------------------------------------------- Security: 913017109 Meeting Type: Annual Meeting Date: 13-Apr-2011 Ticker: UTX ISIN: US9130171096 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1A ELECTION OF DIRECTOR: LOUIS R. CHENEVERT Mgmt For For 1B ELECTION OF DIRECTOR: JOHN V. FARACI Mgmt For For 1C ELECTION OF DIRECTOR: JEAN-PIERRE GARNIER Mgmt For For 1D ELECTION OF DIRECTOR: JAMIE S. GORELICK Mgmt For For 1E ELECTION OF DIRECTOR: EDWARD A. KANGAS Mgmt For For 1F ELECTION OF DIRECTOR: ELLEN J. KULLMAN Mgmt For For 1G ELECTION OF DIRECTOR: CHARLES R. LEE Mgmt For For 1H ELECTION OF DIRECTOR: RICHARD D. MCCORMICK Mgmt For For 1I ELECTION OF DIRECTOR: HAROLD MCGRAW III Mgmt For For 1J ELECTION OF DIRECTOR: RICHARD B. MYERS Mgmt For For 1K ELECTION OF DIRECTOR: H. PATRICK SWYGERT Mgmt For For 1L ELECTION OF DIRECTOR: ANDRE VILLENEUVE Mgmt For For 1M ELECTION OF DIRECTOR: CHRISTINE TODD WHITMAN Mgmt For For 02 APPOINTMENT OF THE FIRM OF PRICEWATERHOUSECOOPERS Mgmt For For LLP AS INDEPENDENT AUDITOR 03 APPROVAL OF AMENDMENT TO 2005 LONG-TERM INCENTIVE Mgmt For For PLAN 04 ADVISORY VOTE ON COMPENSATION OF NAMED EXECUTIVE Mgmt For For OFFICERS 05 ADVISORY VOTE ON FREQUENCY OF ADVISORY VOTE Mgmt 3 Years ON COMPENSATION OF NAMED EXECUTIVE OFFICERS 06 SHAREOWNER PROPOSAL CONCERNING ADDITIONAL SHARE Shr Against For RETENTION REQUIREMENT FOR SENIOR EXECUTIVES -------------------------------------------------------------------------------------------------------------------------- WATERS CORPORATION Agenda Number: 933392223 -------------------------------------------------------------------------------------------------------------------------- Security: 941848103 Meeting Type: Annual Meeting Date: 10-May-2011 Ticker: WAT ISIN: US9418481035 -------------------------------------------------------------------------------------------------------------------------- Prop.# Proposal Proposal Proposal Vote For/Against Type Management 1 DIRECTOR JOSHUA BEKENSTEIN Mgmt For For MICHAEL J. BERENDT, PHD Mgmt For For DOUGLAS A. BERTHIAUME Mgmt For For EDWARD CONARD Mgmt For For LAURIE H. GLIMCHER, M.D Mgmt For For CHRISTOPHER A. KUEBLER Mgmt For For WILLIAM J. MILLER Mgmt For For JOANN A. REED Mgmt For For THOMAS P. SALICE Mgmt For For 2 TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS Mgmt For For LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2011. 3 TO APPROVE, BY NON-BINDING VOTE, EXECUTIVE COMPENSATION. Mgmt For For 4 TO APPROVE, BY NON-BINDING VOTE, THE FREQUENCY Mgmt 3 Years For OF EXECUTIVE COMPENSATION VOTES. * Management position unknown
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. (Registrant) The Jensen Portfolio, Inc By (Signature) /s/ Rob McIver Name Rob McIver Title President Date 08/24/2011