N-PX 1 d22383dnpx.htm TWEEDY, BROWNE FUND INC. Tweedy, Browne Fund Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number   811-07458  

                                 Tweedy, Browne Fund Inc.                            

(Exact name of registrant as specified in charter)

One Station Place, 5th Floor

                                 Stamford, CT 06902                                    

(Address of principal executive offices) (Zip code)

Patricia A. Rogers

Tweedy, Browne Company LLC

One Station Place, 5th Floor

                                     Stamford, CT 06902                                    

(Name and address of agent for service)

Registrant’s telephone number, including area code:  203-703-0600

Date of fiscal year end:  March 31

Date of reporting period:  July 1, 2014 – June 30, 2015

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.


PROXY VOTING RECORD

FOR PERIOD JULY 1, 2014 TO JUNE 30, 2015


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Tai Cheung Holdings Ltd.

 

Meeting Date: 08/26/2014   Country: Hong Kong   Primary Security ID: G8659B105
Record Date: 08/20/2014   Meeting Type: Annual   Ticker: 00088
         
Primary CUSIP: G8659B105   Primary ISIN: BMG8659B1054   Primary SEDOL: 6869852
         
  Shares Voted: 2,561,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Declare Final Dividend    Mgmt    Yes    For    For

3a

   Elect Ivy Sau Ching Chan as Director    Mgmt    Yes    For    For

3b

   Elect Joseph Wing Siu Cheung as Director    Mgmt    Yes    For    For

3c

   Authorize Board to Fix Remuneration of Directors    Mgmt    Yes    For    For

4

   Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

5

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

7

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For

Compagnie Financiere Richemont SA

 

Meeting Date: 09/17/2014   Country: Switzerland   Primary Security ID: H25662182
Record Date:   Meeting Type: Annual   Ticker: CFR
         
Primary CUSIP: H25662158   Primary ISIN: CH0210483332   Primary SEDOL: BCRWZ18
         
  Shares Voted: 388,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of CHF 1.40 per Registered A Share and of CHF 0.14 per Bearer B Share    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Compagnie Financiere Richemont SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1

   Elect Yves-Andre Istel as Director    Mgmt    Yes    For    For

4.2

   Elect Lord Douro as Director    Mgmt    Yes    For    For

4.3

   Elect Jean-Blaise Eckert as Director    Mgmt    Yes    For    For

4.4

   Elect Bernard Fornas as Director    Mgmt    Yes    For    For

4.5

   Elect Richard Lepeu as Director    Mgmt    Yes    For    For

4.6

   Elect Ruggero Magnoni as Director    Mgmt    Yes    For    For

4.7

   Elect Joshua Malherbe as Director    Mgmt    Yes    For    For

4.8

   Elect Frederic Mostert as Director    Mgmt    Yes    For    For

4.9

   Elect Simon Murray as Director    Mgmt    Yes    For    For

4.10

   Elect Alain Dominique Perrin as Director    Mgmt    Yes    For    For

4.11

   Elect Guillaume Pictet as Director    Mgmt    Yes    For    For

4.12

   Elect Norbert Platt as Director    Mgmt    Yes    For    For

4.13

   Elect Alan Quasha as Director    Mgmt    Yes    For    For

4.14

   Elect Maria Ramos as Director    Mgmt    Yes    For    For

4.15

   Elect Lord Renwick of Clifton as Director    Mgmt    Yes    For    For

4.16

   Elect Jan Rupert as Director    Mgmt    Yes    For    For

4.17

   Elect Gary Saage as Director    Mgmt    Yes    For    For

4.18

   Elect Juergen Schrempp as Director    Mgmt    Yes    For    For

4.19

   Elect Johann Rupert as Director and Board Chairman    Mgmt    Yes    For    For

5.1

   Appoint Lord Renwick of Clifton as Member of the Compensation Committee    Mgmt    Yes    For    For

5.2

   Appoint Lord Douro as Member of the Compensation Committee    Mgmt    Yes    For    For

5.3

   Appoint Yves-Andre Istel as Member of the Compensation Committee    Mgmt    Yes    For    For

6

   Ratify PricewaterhouseCoopers as Auditors    Mgmt    Yes    For    For

7

   Designate Francoise Demierre Morand as Independent Proxy    Mgmt    Yes    For    For

8

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Diageo plc

 

Meeting Date: 09/18/2014   Country: United Kingdom   Primary Security ID: G42089113
Record Date: 09/16/2014   Meeting Type: Annual   Ticker: DGE
         
Primary CUSIP: G42089113   Primary ISIN: GB0002374006   Primary SEDOL: 0237400
         
  Shares Voted: 5,693,992  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration Policy    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Peggy Bruzelius as Director    Mgmt    Yes    For    For

6

   Re-elect Laurence Danon as Director    Mgmt    Yes    For    For

7

   Re-elect Lord Davies of Abersoch as Director    Mgmt    Yes    For    For

8

   Re-elect Ho KwonPing as Director    Mgmt    Yes    For    For

9

   Re-elect Betsy Holden as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Franz Humer as Director    Mgmt    Yes    For    For

11

   Re-elect Deirdre Mahlan as Director    Mgmt    Yes    For    For

12

   Re-elect Ivan Menezes as Director    Mgmt    Yes    For    For

13

   Re-elect Philip Scott as Director    Mgmt    Yes    For    For

14

   Elect Nicola Mendelsohn as Director    Mgmt    Yes    For    For

15

   Elect Alan Stewart as Director    Mgmt    Yes    For    For

16

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

21

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

22

   Approve 2014 Long Term Incentive Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

TNT EXPRESS NV

 

Meeting Date: 09/18/2014   Country: Netherlands   Primary Security ID: N8726Y106
Record Date: 08/21/2014   Meeting Type: Special   Ticker: TNTE
         
Primary CUSIP: N/A   Primary ISIN: NL0009739424   Primary SEDOL: B3Y0JD2
         
  Shares Voted: 13,951,970  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Special Meeting    Mgmt    No      

1

   Open Meeting    Mgmt    No      

2

   Approve Discharge of Former Executive Board Member B.L. Bot    Mgmt    Yes    For    For

3

   Elect Maarten Jan de Vries to Executive Board    Mgmt    Yes    For    For

4

   Allow Questions    Mgmt    No      

5

   Close Meeting    Mgmt    No      

Akzo Nobel NV

 

Meeting Date: 10/08/2014   Country: Netherlands   Primary Security ID: N01803100
Record Date: 09/10/2014   Meeting Type: Special   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 2,136,174  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Special Meeting    Mgmt    No      

1

   Elect M. Castella to Management Board    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Great Eagle Holdings Ltd.

 

Meeting Date: 10/31/2014   Country: Bermuda   Primary Security ID: G4069C148
Record Date:   Meeting Type: Special   Ticker: 00041
         
Primary CUSIP: G4069C148   Primary ISIN: BMG4069C1486   Primary SEDOL: 6387406
         
  Shares Voted: 5,678,136  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Acquisition of a Hotel Development Project Under the Framework Deed    Mgmt    Yes    For    For

2

   Approve SPA and Related Transactions    Mgmt    Yes    For    For

Hays plc

 

Meeting Date: 11/12/2014   Country: United Kingdom   Primary Security ID: G4361D109
Record Date: 11/10/2014   Meeting Type: Annual   Ticker: HAS
         
Primary CUSIP: G4361D109   Primary ISIN: GB0004161021   Primary SEDOL: 0416102
         
  Shares Voted: 2,907,308  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Policy    Mgmt    Yes    For    For

3

   Approve Remuneration Report    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Alan Thomson as Director    Mgmt    Yes    For    For

6

   Re-elect Alistair Cox as Director    Mgmt    Yes    For    For

7

   Re-elect Paul Venables as Director    Mgmt    Yes    For    For

8

   Re-elect Paul Harrison as Director    Mgmt    Yes    For    For

9

   Re-elect Victoria Jarman as Director    Mgmt    Yes    For    For

10

   Re-elect Richard Smelt as Director    Mgmt    Yes    For    For

11

   Re-elect Pippa Wicks as Director    Mgmt    Yes    For    For

12

   Re-elect Torsten Kreindl as Director    Mgmt    Yes    For    For

13

   Reappoint Deloitte LLP as Auditors    Mgmt    Yes    For    For

14

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

15

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

16

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Hays plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

19

   Authorise the Company to Call EGM with Two Weeks Notice    Mgmt    Yes    For    For

Cisco Systems, Inc.

 

Meeting Date: 11/20/2014   Country: USA   Primary Security ID: 17275R102
Record Date: 09/22/2014   Meeting Type: Annual   Ticker: CSCO
         
Primary CUSIP: 17275R102   Primary ISIN: US17275R1023   Primary SEDOL: 2198163
         
  Shares Voted: 1,388,300  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Carol A. Bartz    Mgmt    Yes    For    For

1b

   Elect Director M. Michele Burns    Mgmt    Yes    For    For

1c

   Elect Director Michael D. Capellas    Mgmt    Yes    For    For

1d

   Elect Director John T. Chambers    Mgmt    Yes    For    For

1e

   Elect Director Brian L. Halla    Mgmt    Yes    For    For

1f

   Elect Director John L. Hennessy    Mgmt    Yes    For    For

1g

   Elect Director Kristina M. Johnson    Mgmt    Yes    For    For

1h

   Elect Director Roderick C. McGeary    Mgmt    Yes    For    For

1i

   Elect Director Arun Sarin    Mgmt    Yes    For    For

1j

   Elect Director Steven M. West    Mgmt    Yes    For    For

2

   Amend Qualified Employee Stock Purchase Plan    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Ratify Auditors    Mgmt    Yes    For    For

5

   Establish Public Policy Board Committee    SH    Yes    Against    Against

6

   Adopt Proxy Access Right    SH    Yes    Against    Against

7

   Report on Political Contributions    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

GlaxoSmithKline plc

 

Meeting Date: 12/18/2014   Country: United Kingdom   Primary Security ID: G3910J112
Record Date: 12/16/2014   Meeting Type: Special   Ticker: GSK
         
Primary CUSIP: G3910J112   Primary ISIN: GB0009252882   Primary SEDOL: 0925288
         
  Shares Voted: 3,671,198  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Approve Transaction by the Company with Novartis AG    Mgmt    Yes    For    For

T. Hasegawa Co., Ltd.

 

Meeting Date: 12/18/2014   Country: Japan   Primary Security ID: J83238105
Record Date: 09/30/2014   Meeting Type: Annual   Ticker: 4958
         
Primary CUSIP: J83238105   Primary ISIN: JP3768500005   Primary SEDOL: 6899268
         
  Shares Voted: 371,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Elect Director Hasegawa, Tokujiro    Mgmt    Yes    For    For

1.2

   Elect Director Kondo, Takahiko    Mgmt    Yes    For    For

1.3

   Elect Director Tanimoto, Tatsuo    Mgmt    Yes    For    For

1.4

   Elect Director Umino, Takao    Mgmt    Yes    For    For

1.5

   Elect Director Chino, Yoshiaki    Mgmt    Yes    For    For

1.6

   Elect Director Saito, Tsukasa    Mgmt    Yes    For    For

1.7

   Elect Director Oguri, Shoichiro    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Okado, Shingo    Mgmt    Yes    For    For

3

   Approve Retirement Bonus Payment for Directors    Mgmt    Yes    For    For

4

   Approve Retirement Bonus Payment for Statutory Auditor    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Imperial Tobacco Group plc

 

Meeting Date: 01/28/2015   Country: United Kingdom   Primary Security ID: G4721W102
Record Date: 01/26/2015   Meeting Type: Annual   Ticker: IMT
         
Primary CUSIP: G4721W102   Primary ISIN: GB0004544929   Primary SEDOL: 0454492
         
  Shares Voted: 1,111,325  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration Policy    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Dr Ken Burnett as Director    Mgmt    Yes    For    For

6

   Re-elect Alison Cooper as Director    Mgmt    Yes    For    For

7

   Re-elect David Haines as Director    Mgmt    Yes    For    For

8

   Re-elect Michael Herlihy as Director    Mgmt    Yes    For    For

9

   Re-elect Matthew Phillips as Director    Mgmt    Yes    For    For

10

   Re-elect Oliver Tant as Director    Mgmt    Yes    For    For

11

   Re-elect Mark Williamson as Director    Mgmt    Yes    For    For

12

   Elect Karen Witts as Director    Mgmt    Yes    For    For

13

   Re-elect Malcolm Wyman as Director    Mgmt    Yes    For    For

14

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

17

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

20

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Imperial Tobacco Group plc

 

Meeting Date: 01/28/2015   Country: United Kingdom   Primary Security ID: G4721W102
Record Date: 01/26/2015   Meeting Type: Special   Ticker: IMT
         
Primary CUSIP: G4721W102   Primary ISIN: GB0004544929   Primary SEDOL: 0454492
         
  Shares Voted: 1,111,325  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Approve Acquisition of Certain US Cigarette and E-cigarette Brands and Assets    Mgmt    Yes    For    For

KONE Corporation

 

Meeting Date: 02/23/2015   Country: Finland   Primary Security ID: X4551T105
Record Date: 02/11/2015   Meeting Type: Annual   Ticker: KNEBV
         
Primary CUSIP: X4551T105   Primary ISIN: FI0009013403   Primary SEDOL: B09M9D2
         
  Shares Voted: 769,520  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Open Meeting    Mgmt    No      

2

   Call the Meeting to Order    Mgmt    No      

3

   Designate Inspector or Shareholder
Representative(s) of Minutes of Meeting
   Mgmt    Yes    For    For

4

   Acknowledge Proper Convening of Meeting    Mgmt    Yes    For    For

5

   Prepare and Approve List of Shareholders    Mgmt    Yes    For    For

6

   Receive Financial Statements and Statutory Reports    Mgmt    No      

7

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

8

   Approve Allocation of Income and Dividends of EUR 1.1975 per Class A Share and EUR 1.20 per Class B Share    Mgmt    Yes    For    For

9

   Approve Discharge of Board and President    Mgmt    Yes    For    For

10

   Approve Remuneration of Directors in the Amount of EUR 54,000 for Chairman, EUR 44,000 for Vice Chairman, and EUR 33,000 for Other Directors; Approve Attendance Fees for Board and Committee Work    Mgmt    Yes    For    For

11

   Fix Number of Directors at Nine    Mgmt    Yes    For    For

12

   Reelect Matti Alahuhta, Anne Brunila, Antti Herlin, Jussi Herlin, Ravi Kant, JuhaniKaskeala, and Sirpa Pietikainen as Directors; Elect Iiris Herlin and Kazunori Matsubara as New Directors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

KONE Corporation

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

13

   Approve Remuneration of Auditors    Mgmt    Yes    For    For

14

   Fix Number of Auditors at Two    Mgmt    Yes    For    For

15

   Ratify PricewaterhouseCoopers and Niina Vilske as Auditors    Mgmt    Yes    For    For

16

   Authorize Share Repurchase Program    Mgmt    Yes    For    For

17

   Approve Issuance of up to 7.6 Million Class A Shares and 44.8 Million Class B Shares without Preemptive Rights    Mgmt    Yes    For    For

18

   Close Meeting    Mgmt    No      

Novartis AG

 

Meeting Date: 02/27/2015   Country: Switzerland   Primary Security ID: H5820Q150
Record Date:   Meeting Type: Annual   Ticker: NOVN
         
Primary CUSIP: H5820Q150   Primary ISIN: CH0012005267   Primary SEDOL: 7103065
         
  Shares Voted: 3,057,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.60 per Share    Mgmt    Yes    For    For

4

   Approve CHF 14.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

5

   Amend Articles Re: Ordinance Against Excessive Remuneration at Listed Companies    Mgmt    Yes    For    For

6.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 7.7 Million    Mgmt    Yes    For    For

6.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 84 Million    Mgmt    Yes    For    For

6.3

   Approve Remuneration Report    Mgmt    Yes    For    For

7.1

   Reelect Joerg Reinhardt as Director and Board Chairman    Mgmt    Yes    For    For

7.2

   Reelect Dimitri Azar as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Novartis AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

7.3

   Reelect Verena Briner as Director    Mgmt    Yes    For    For

7.4

   Reelect Srikant Datar as Director    Mgmt    Yes    For    For

7.5

   Reelect Ann Fudge as Director    Mgmt    Yes    For    For

7.6

   Reelect Pierre Landolt as Director    Mgmt    Yes    For    For

7.7

   Reelect Andreas von Planta as Director    Mgmt    Yes    For    For

7.8

   Reelect Charles Sawyers as Director    Mgmt    Yes    For    For

7.9

   Reelect Enrico Vanni as Director    Mgmt    Yes    For    For

7.10

   Reelect William Winters as Director    Mgmt    Yes    For    For

7.11

   Elect Nancy Andrews as Director    Mgmt    Yes    For    For

8.1

   Appoint Srikant Datar as Member of the Compensation Committee    Mgmt    Yes    For    For

8.2

   Appoint Ann Fudge as Member of the Compensation Committee    Mgmt    Yes    For    For

8.3

   Appoint Enrico Vanni as Member of the Compensation Committee    Mgmt    Yes    For    For

8.4

   Appoint William Winters as Member of the Compensation Committee    Mgmt    Yes    For    For

9

   Ratify PricewaterhouseCoopers AG as Auditors    Mgmt    Yes    For    For

10

   Designate Peter Zahn as Independent Proxy    Mgmt    Yes    For    For

11

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Joy Global Inc.

 

Meeting Date: 03/10/2015   Country: USA   Primary Security ID: 481165108
Record Date: 01/09/2015   Meeting Type: Annual   Ticker: JOY
         
Primary CUSIP: 481165108   Primary ISIN: US4811651086   Primary SEDOL: 2781905
         
  Shares Voted: 1,180,243  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Elect Director Edward L. Doheny, II    Mgmt    Yes    For    For

1.2

   Elect Director Steven L. Gerard    Mgmt    Yes    For    For

1.3

   Elect Director Mark J. Gliebe    Mgmt    Yes    For    For

1.4

   Elect Director John T. Gremp    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Joy Global Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.5

   Elect Director John Nils Hanson    Mgmt    Yes    For    For

1.6

   Elect Director Gale E. Klappa    Mgmt    Yes    For    For

1.7

   Elect Director Richard B. Loynd    Mgmt    Yes    For    For

1.8

   Elect Director P. Eric Siegert    Mgmt    Yes    For    For

1.9

   Elect Director James H. Tate    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

Coca-Cola FEMSA S.A.B. de C.V.

 

Meeting Date: 03/12/2015   Country: Mexico   Primary Security ID: P2861Y136
Record Date: 02/20/2015   Meeting Type: Annual   Ticker: KOFL
         
Primary CUSIP: P2861Y136   Primary ISIN: MXP2861W1067   Primary SEDOL: 2141899
         
  Shares Voted: 520,112  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Meeting for ADR Holders    Mgmt    No      

1

   Accept Financial Statements and Statutory Reports    Mgmt    No      

2

   Accept Report on Adherence to Fiscal Obligations    Mgmt    No      

3

   Approve Allocation of Income and Cash Dividends    Mgmt    No      

4

   Set Maximum Nominal Amount of Share Repurchase Reserve    Mgmt    No      

5

   Elect Directors and Secretaries; Verify Director’s Independence Classification as Per Mexican Securities Law; Approve Their Respective Remuneration    Mgmt    Yes    For    For

6

   Elect Members of Financing and Planning Committee, Audit Committee and Corporate Practices Committee; Elect Chairman of Committees and Fix their Respective Remuneration    Mgmt    No      

7

   Authorize Board to Ratify and Execute Approved Resolutions    Mgmt    No      

8

   Approve Minutes of Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Samchully Co.

 

Meeting Date: 03/20/2015   Country: South Korea   Primary Security ID: Y7467M105
Record Date: 12/31/2014   Meeting Type: Annual   Ticker: 004690
         
Primary CUSIP: Y7467M105   Primary ISIN: KR7004690004   Primary SEDOL: 6771054
         
  Shares Voted: 132,553  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    Abstain

2

   Elect Two Inside Directors and Two Outside Directors (Bundled)    Mgmt    Yes    For    Against

3

   Elect Kim Byung-Il as Member of Audit Committee    Mgmt    Yes    For    Abstain

4

   Approve Total Remuneration of Inside Directors and Outside Directors    Mgmt    Yes    For    Against

COLTENE Holding AG

 

Meeting Date: 03/25/2015   Country: Switzerland   Primary Security ID: H1554J116
Record Date:   Meeting Type: Annual   Ticker: CLTN
         
Primary CUSIP: H1554J116   Primary ISIN: CH0025343259   Primary SEDOL: B17N6G6
         
  Shares Voted: 218,165  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of 2.50 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1.1

   Reelect Niklaus Huber as Director    Mgmt    Yes    For    For

4.1.2

   Reelect Robert Heberlein as Director    Mgmt    Yes    For    For

4.1.3

   Reelect Erwin Locher as Director    Mgmt    Yes    For    For

4.1.4

   Reelect Matthew Robin as Director    Mgmt    Yes    For    For

4.1.5

   Reelect Roland Weiger as Director    Mgmt    Yes    For    For

4.2

   Reelect Niklaus Huber as Board Chairman    Mgmt    Yes    For    For

4.3.1

   Appoint Niklaus Huber as Member of the Compensation Committee    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

COLTENE Holding AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

4.3.2

   Appoint Robert Heberlein as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.3

   Appoint Erwin Locher as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.4

   Appoint Matthew Robin as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.5

   Appoint Roland Weiger as Member of the Compensation Committee    Mgmt    Yes    For    For

5

   Designate Adrian Weder as Independent Proxy    Mgmt    Yes    For    For

6

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

7.1

   Approve Remuneration Report    Mgmt    Yes    For    For

7.2

   Approve Remuneration of Directors in the Amount of CHF 500,000 plus CHF 82,500 for the Allocation of 1,250 Shares    Mgmt    Yes    For    For

7.3

   Approve Remuneration of Executive Committee in the Amount of CHF 1.6 Million    Mgmt    Yes    For    For

8

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Halliburton Company

 

Meeting Date: 03/27/2015   Country: USA   Primary Security ID: 406216101
Record Date: 02/17/2015   Meeting Type: Special   Ticker: HAL
         
Primary CUSIP: 406216101   Primary ISIN: US4062161017   Primary SEDOL: 2405302
         
  Shares Voted: 1,852,170  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Issue Shares in Connection with Acquisition    Mgmt    Yes    For    For

2

   Adjourn Meeting    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Samyang Holdings Corp.

 

Meeting Date: 03/27/2015   Country: South Korea   Primary Security ID: Y748CC107
Record Date: 12/31/2014   Meeting Type: Annual   Ticker: 000070
         
Primary CUSIP: Y74987119   Primary ISIN: KR7000070003   Primary SEDOL: 6771816
         
  Shares Voted: 4,489  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

2

   Amend Articles of Incorporation    Mgmt    Yes    For    For

3

   Elect Kim Won as inside Director    Mgmt    Yes    For    For

4

   Approve Total Remuneration of Inside Directors and Outside Directors    Mgmt    Yes    For    For

5

   Authorize Board to Fix Remuneration of Internal Auditor(s)    Mgmt    Yes    For    For

Zurich Insurance Group AG

 

Meeting Date: 04/01/2015   Country: Switzerland   Primary Security ID: H9870Y105
Record Date:   Meeting Type: Annual   Ticker: ZURN
         
Primary CUSIP: H9870Y105   Primary ISIN: CH0011075394   Primary SEDOL: 5983816
         
  Shares Voted: 608,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report    Mgmt    Yes    For    For

2.1

   Approve Allocation of Income    Mgmt    Yes    For    For

2.2

   Approve Dividends of CHF 17.00 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1a

   Reelect Tom de Swaan as Director and Board Chairman    Mgmt    Yes    For    For

4.1b

   Reelect Susan Bies as Director    Mgmt    Yes    For    For

4.1c

   Reelect Alison Carnwath as Director    Mgmt    Yes    For    For

4.1d

   Reelect Rafael del Pino as Director    Mgmt    Yes    For    For

4.1e

   Reelect Thomas Escher as Director    Mgmt    Yes    For    For

4.1f

   Reelect Christoph Franz as Director    Mgmt    Yes    For    For

4.1g

   Reelect Fred Kindle as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Zurich Insurance Group AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1h

   Reelect Monica Maechler as Director    Mgmt    Yes    For    For

4.1i

   Reelect Don Nicolaisen as Director    Mgmt    Yes    For    For

4.1j

   Elect Joan Amble as Director    Mgmt    Yes    For    For

4.1.k

   Elect Kishore Mahbubani as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Alison Carnwath as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Tom de Swaan as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Rafael del Pino as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.4

   Appoint Thomas Escher as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.5

   Appoint Christoph Franz as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3

   Designate Andreas Keller as Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify PricewaterhouseCoopers as Auditors    Mgmt    Yes    For    For

5.1

   Approve Maximum Remuneration of Board of Directors Until 2016 AGM in the Amount of CHF 4.9 Million    Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee for Fiscal 2016 in the Amount of CHF 75.9 Million    Mgmt    Yes    For    For

6

   Amend Articles Re: Commercial Accounting and Financial Reporting    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For

TNT EXPRESS NV

 

Meeting Date: 04/08/2015   Country: Netherlands   Primary Security ID: N8726Y106
Record Date: 03/11/2015   Meeting Type: Annual   Ticker: TNTE
         
Primary CUSIP: N/A   Primary ISIN: NL0009739424   Primary SEDOL: B3Y0JD2
         
  Shares Voted: 15,827,208  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Open Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

TNT EXPRESS NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Discuss Performance Report by Tex Gunning (Non-Voting)    Mgmt    No      

3

   Discuss Report of Management Board (Non-Voting)    Mgmt    No      

4

   Discussion on Company’s Corporate Governance Structure    Mgmt    No      

5

   Discuss Remuneration Report Containing Remuneration Policy for Management Board Members    Mgmt    No      

6

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

7a

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

7b

   Approve Dividends of EUR 0.08 Per Share    Mgmt    Yes    For    For

8

   Approve Discharge of Management Board    Mgmt    Yes    For    For

9

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For

10

   Approve Amendment of Bonus Matching Plan for Management Board    Mgmt    Yes    For    For

11

   Amend Increase of Rights on Performance Shares for Management Board    Mgmt    Yes    For    For

12a

   Reelect Antony Burgmans to Supervisory Board    Mgmt    Yes    For    For

12b

   Reelect Mary Harris to Supervisory Board    Mgmt    Yes    For    For

13

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger    Mgmt    Yes    For    For

14

   Authorize Board to Exclude Preemptive Rights from Share Issuances    Mgmt    Yes    For    For

15

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

16

   Allow Questions    Mgmt    No      

17

   Close Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Henkel AG & Co. KGaA

 

Meeting Date: 04/13/2015   Country: Germany   Primary Security ID: D3207M110
Record Date: 03/22/2015   Meeting Type: Annual   Ticker: HEN3
         
Primary CUSIP: D32051126   Primary ISIN: DE0006048432   Primary SEDOL: 5076705
         
  Shares Voted: 1,936,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Meeting for Common and Preferred Shareholders; Only Common Shareholders Can Vote    Mgmt    No      

1

   Accept Annual Financial Statement    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of EUR 1.29 per Ordinary Share and EUR 1.31 per Preferred Share    Mgmt    Yes    For    For

3

   Approve Discharge of the Personally Liable Partner for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Approve Discharge of the Shareholders’ Committee for Fiscal 2014    Mgmt    Yes    For    For

6

   Ratify KPMG AG as Auditors for Fiscal 2015    Mgmt    Yes    For    For

7

   Approve Affiliation Agreements with Subsidiaries Henkel Vierte Verwaltungsgesellschaft mbH, Henkel Fünfte Verwaltungsgesellschaft mbH, and Schwarzkopf & Henkel Production Europe Geschäftsführungsgesellschaft mbH    Mgmt    Yes    For    For

8

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

9

   Approve Creation of EUR 43.8 Million Pool of Capital with Partial Exclusion of Preemptive Rights    Mgmt    Yes    For    For

10

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

Axel Springer SE

 

Meeting Date: 04/14/2015   Country: Germany   Primary Security ID: D76169115
Record Date:   Meeting Type: Annual   Ticker: SPR
         
Primary CUSIP: D76169115   Primary ISIN: DE0005501357   Primary SEDOL: 4647317
         
  Shares Voted: 3,726,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Axel Springer SE

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Approve Allocation of Income and Dividends of EUR 1.80 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4.1

   Approve Discharge of Supervisory Board Members Other than Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

4.2

   Approve Discharge of Supervisory Board Member Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

5.1

   Ratify Ernst & Young GmbH as Auditors for Fiscal 2015    Mgmt    Yes    For    For

5.2

   Ratify Ernst & Young GmbH as Auditors for 2015 First Half Financial Statement    Mgmt    Yes    For    For

6

   Approve Creation of EUR 11 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    For

7

   Approve Affiliation Agreements with Siebenundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

8

   Approve Affiliation Agreements with Achtundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

9

   Approve Affiliation Agreements with Neunundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

Siegfried Holding AG

 

Meeting Date: 04/14/2015   Country: Switzerland   Primary Security ID: H75942153
Record Date:   Meeting Type: Annual   Ticker: SFZN
         
Primary CUSIP: H75942153   Primary ISIN: CH0014284498   Primary SEDOL: 7391763
         
  Shares Voted: 248,117  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of CHF 1.50 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

3

   Approve Discharge of Board of Directors    Mgmt    Yes    For    For

4.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 1.25 Million    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Siegfried Holding AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.2.1

   Approve Fixed Remuneration of Executive Committee in the Amount of CHF 3.5 Million    Mgmt    Yes    For    For

4.2.2

   Approve Short-Term Performance-Based Remuneration of Executive Committee in the Amount of CHF 710,000    Mgmt    Yes    For    For

4.2.3

   Approve Long-Term Performance-Based Remuneration of Executive Committee in the Amount of CHF 922,000    Mgmt    Yes    For    For

5.1.1

   Reelect Colin Bond as Director    Mgmt    Yes    For    Against

5.1.2

   Reelect Wolfram Carius as Director    Mgmt    Yes    For    For

5.1.3

   Reelect Andreas Casutt as Director    Mgmt    Yes    For    For

5.1.4

   Reelect Reto Garzetti as Director    Mgmt    Yes    For    For

5.1.5

   Reelect Felix Meyer as Director    Mgmt    Yes    For    For

5.1.6

   Reelect Thomas Villiger as Director    Mgmt    Yes    For    For

5.2

   Reelect Andreas Casutt as Board Chairman    Mgmt    Yes    For    For

5.3.1

   Appoint Reto Garzetti as Member of the Compensation Committee    Mgmt    Yes    For    For

5.3.2

   Appoint Felix Meyer as Member of the Compensation Committee    Mgmt    Yes    For    For

5.3.3

   Appoint Thomas Villiger as Member of the Compensation Committee    Mgmt    Yes    For    For

6

   Designate BDO AG as Independent Proxy    Mgmt    Yes    For    For

7

   Ratify PricewaterhouseCoopers AG as Auditors    Mgmt    Yes    For    For

8

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Mediaset Espana Comunicacion SA

 

Meeting Date: 04/15/2015   Country: Spain   Primary Security ID: E7418Y101
Record Date: 04/10/2015   Meeting Type: Annual   Ticker: TL5
         
Primary CUSIP: E56793107   Primary ISIN: ES0152503035   Primary SEDOL: B01G2K0
         
  Shares Voted: 7,400,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Consolidated and Standalone Financial Statements    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Mediaset Espana Comunicacion SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3

   Approve Special Dividends    Mgmt    Yes    For    For

4

   Approve Discharge of Board    Mgmt    Yes    For    For

5.1

   Reelect José Ramón Alvarez-Rendueles as Director    Mgmt    Yes    For    For

5.2

   Reelect Angel Durández Adeva as Director    Mgmt    Yes    For    For

5.3

   Reelect Francisco de Borja Prado Eulate as Director    Mgmt    Yes    For    For

6

   Fix Number of Directors at 13    Mgmt    Yes    For    For

7

   Approve Remuneration of Directors    Mgmt    Yes    For    For

8

   Approve Stock-for-Salary Plan    Mgmt    Yes    For    For

9

   Approve Reduction in Share Capital via Amortization of Treasury Shares    Mgmt    Yes    For    For

10

   Authorize Share Repurchase and Capital Reduction via Amortization of Repurchased Shares    Mgmt    Yes    For    For

11.1

   Amend Article 1 Re: Company Name    Mgmt    Yes    For    For

11.2

   Amend Articles Re: Share Capital and Shares    Mgmt    Yes    For    For

11.3

   Amend Article 16 Re: Bonds and Other Securities    Mgmt    Yes    For    For

11.4

   Amend Articles Re: General Meetings and Board of Directors    Mgmt    Yes    For    For

11.5

   Amend Articles Re: Board of Directors    Mgmt    Yes    For    For

11.6

   Amend Articles Re: Annual Corporate Governance Report and Corporate Website    Mgmt    Yes    For    For

11.7

   Amend Articles Re: Fiscal Year, Financial Statements, Liquidation and Jurisdiction    Mgmt    Yes    For    For

11.8

   Approve Restated Articles of Association    Mgmt    Yes    For    For

12.1

   Amend Articles of General Meeting Regulations Re: Introduction    Mgmt    Yes    For    For

12.2

   Amend Articles of General Meeting Regulations Re: Meeting Notice and Preparation    Mgmt    Yes    For    For

12.3

   Amend Articles of General Meeting Regulations Re: Development of General Meeting    Mgmt    Yes    For    For

12.4

   Approve Restated General Meeting Regulations    Mgmt    Yes    For    For

13

   Approve Notification on Amendments to Board Regulations    Mgmt    Yes    For    For

14

   Approve Remuneration Policy Report    Mgmt    Yes    For    For

15

   Authorize Board to Ratify and Execute Approved Resolutions    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

National Bank Of Canada

 

Meeting Date: 04/15/2015   Country: Canada   Primary Security ID: 633067103
Record Date: 02/20/2015   Meeting Type: Annual   Ticker: NA
         
Primary CUSIP: 633067103   Primary ISIN: CA6330671034   Primary SEDOL: 2077303
         
  Shares Voted: 1,500,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Management Proposal    Mgmt    No      

1.1

   Elect Director Raymond Bachand    Mgmt    Yes    For    For

1.2

   Elect Director Maryse Bertrand    Mgmt    Yes    For    For

1.3

   Elect Director Lawrence S. Bloomberg    Mgmt    Yes    For    For

1.4

   Elect Director Pierre Boivin    Mgmt    Yes    For    For

1.5

   Elect Director Andre Caille    Mgmt    Yes    For    For

1.6

   Elect Director Gillian H. Denham    Mgmt    Yes    For    For

1.7

   Elect Director Richard Fortin    Mgmt    Yes    For    For

1.8

   Elect Director Jean Houde    Mgmt    Yes    For    For

1.9

   Elect Director Karen Kinsley    Mgmt    Yes    For    For

1.10

   Elect Director Louise Laflamme    Mgmt    Yes    For    For

1.11

   Elect Director Julie Payette    Mgmt    Yes    For    For

1.12

   Elect Director Roseann Runte    Mgmt    Yes    For    For

1.13

   Elect Director Lino A. Saputo, Jr.    Mgmt    Yes    For    For

1.14

   Elect Director Andree Savoie    Mgmt    Yes    For    For

1.15

   Elect Director Pierre Thabet    Mgmt    Yes    For    For

1.16

   Elect Director Louis Vachon    Mgmt    Yes    For    For

2

   Advisory Vote on Executive Compensation Approach    Mgmt    Yes    For    For

3

   Ratify Deloitte LLP as Auditors    Mgmt    Yes    For    For
   Shareholder Proposal    Mgmt    No      

4

   SP 1: Phase Out Stock Options as a Form of Compensation    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Daetwyler Holding AG

 

Meeting Date: 04/16/2015   Country: Switzerland   Primary Security ID: H17592157
Record Date:   Meeting Type: Annual   Ticker: DAE
         
Primary CUSIP: H17592157   Primary ISIN: CH0030486770   Primary SEDOL: B1Z4WD0
         
Not voted due to shareblocking restrictions.     The potential impact on trading/loan share activities would outweigh the economic value of the vote.
  Shares Voted: 0  
           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    Do Not Vote

1.2

   Advisory Vote on Remuneration Report 2014    Mgmt    Yes    For    Do Not Vote

2

   Approve Allocation of Income and Dividends of CHF 0.44 per Registered Share and CHF 2.20 per Bearer Share    Mgmt    Yes    For    Do Not Vote

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    Do Not Vote

4.1.1

   Nominate Ernst Lienhard as Director at the Special Meeting of Holders of Bearer Shares    Mgmt    Yes    For    Do Not Vote

4.1.2

   Reelect Ulrich Graf as Director and Chairman    Mgmt    Yes    For    Do Not Vote

4.1.3

   Reelect Hans Rueegg as Director    Mgmt    Yes    For    Do Not Vote

4.1.4

   Reelect Hanspeter Faessler as Director    Mgmt    Yes    For    Do Not Vote

4.1.5

   Reelect Ernst Odermatt as Director    Mgmt    Yes    For    Do Not Vote

4.1.6

   Reelect Gabi Huber as Director    Mgmt    Yes    For    Do Not Vote

4.1.7

   Elect Juerg Fedier as Director    Mgmt    Yes    For    Do Not Vote

4.1.8

   Elect Hanno Ulmer as Director    Mgmt    Yes    For    Do Not Vote

4.1.9

   Election of the candidate nominated by the special meeting of the holders of bearer shares as Member of the Board of Directors    Mgmt    Yes    For    Do Not Vote


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Daetwyler Holding AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.2.1

   Appoint Hanspeter Faessler as Member of the Compensation Committee    Mgmt    Yes    For    Do Not Vote

4.2.2

   Appoint Ulrich Graf as Member of the Compensation Committee    Mgmt    Yes    For    Do Not Vote

4.2.3

   Appoint Gabi Huber as Member of the Compensation Committee    Mgmt    Yes    For    Do Not Vote

4.3

   Ratify PricewaterhouseCoopers AG as Auditors    Mgmt    Yes    For    Do Not Vote

4.4

   Designate Franz-Xaver Muheim as Independent Proxy    Mgmt    Yes    For    Do Not Vote

5.1

   Approve Remuneration of Directors in the Amount of CHF 2.75 Million    Mgmt    Yes    For    Do Not Vote

5.2

   Approve Remuneration of Executive Committee in the Amount of CHF 7.4 Million    Mgmt    Yes    For    Do Not Vote

6

   Transact Other Business (Voting)    Mgmt    Yes    For    Do Not Vote

Nestle SA

 

Meeting Date: 04/16/2015   Country: Switzerland   Primary Security ID: H57312649
Record Date:   Meeting Type: Annual   Ticker: NESN
         
Primary CUSIP: H57312649   Primary ISIN: CH0038863350   Primary SEDOL: 7123870
         
  Shares Voted: 2,781,120  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report (Non-binding)    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.20 per Share    Mgmt    Yes    For    For

4.1a

   Reelect Peter Brabeck-Letmathe as Director    Mgmt    Yes    For    For

4.1b

   Reelect Paul Bulcke as Director    Mgmt    Yes    For    For

4.1c

   Reelect Andreas Koopmann as Director    Mgmt    Yes    For    For

4.1d

   Reelect Beat Hess as Director    Mgmt    Yes    For    For

4.1e

   Reelect Daniel Borel as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Nestle SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1f

   Reelect Steven G. Hoch as Director    Mgmt    Yes    For    For

4.1g

   Reelect Naïna Lal Kidwai as Director    Mgmt    Yes    For    For

4.1h

   Reelect Jean-Pierre Roth as Director    Mgmt    Yes    For    For

4.1i

   Reelect Ann M. Veneman as Director    Mgmt    Yes    For    For

4.1j

   Reelect Henri de Castries as Director    Mgmt    Yes    For    For

4.1k

   Reelect Eva Cheng as Director    Mgmt    Yes    For    For

4.2.1

   Elect Ruth Khasaya Oniang’o as Director    Mgmt    Yes    For    For

4.2.2

   Elect Patrick Aebischer as Director    Mgmt    Yes    For    For

4.2.3

   Elect Renato Fassbind as Director    Mgmt    Yes    For    For

4.3

   Elect Peter Brabeck-Letmathe as Board Chairman    Mgmt    Yes    For    For

4.4.1

   Appoint Beat Hess as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.2

   Appoint Daniel Borel as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.3

   Appoint Andreas Koopmann as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.4

   Appoint Jean-Pierre Roth as Member of the Compensation Committee    Mgmt    Yes    For    For

4.5

   Ratify KPMG SA as Auditors    Mgmt    Yes    For    For

4.6

   Designate Hartmann Dreyer as Independent Proxy    Mgmt    Yes    For    For

5.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 11 Million    Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 60 Million    Mgmt    Yes    For    For

6

   Approve CHF 3.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For

 


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Tamedia AG

 

Meeting Date: 04/17/2015   Country: Switzerland   Primary Security ID: H84391103
Record Date:   Meeting Type: Annual   Ticker: TAMN
         
Primary CUSIP: H84391103   Primary ISIN: CH0011178255   Primary SEDOL: 4498816
         
  Shares Voted: 432,618  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of CHF 4.50 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1.1

   Reelect Pietro Supino as Director and Board Chairman    Mgmt    Yes    For    For

4.1.2

   Reelect Claudia Coninx-Kaczynski as Director    Mgmt    Yes    For    For

4.1.3

   Reelect Marina de Planta as Director    Mgmt    Yes    For    For

4.1.4

   Reelect Martin Kall as Director    Mgmt    Yes    For    For

4.1.5

   Reelect Pierre Lamuniere as Director    Mgmt    Yes    For    For

4.1.6

   Reelect Konstantin Richter as Director    Mgmt    Yes    For    For

4.1.7

   Reelect Iwan Rickenbacher as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Pietro Supino as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Claudia Coninx-Kaczynski as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Martin Kall as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.1

   Designate Gabriela Wyss as Independent Proxy    Mgmt    Yes    For    For

4.3.2

   Designate Martin Basler as Deputy Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

5

   Amend Articles Re: Ordinance Against Excessive Remuneration in Listed Companies    Mgmt    Yes    For    For

6.1

   Approve Remuneration of Board of Directors in the Amount of CHF 2.42 Million    Mgmt    Yes    For    For

6.2

   Approve Remuneration for the Advisory Board for Digital Development in the Amount of EUR 101,450    Mgmt    Yes    For    For

6.3

   Approve Fixed Remuneration of Executive Committee in the Amount of CHF 4.5 Million    Mgmt    Yes    For    For

6.4

   Approve Variable Remuneration of Executive Committee in the Amount of CHF 4.4 Million    Mgmt    Yes    For    For

7

   Approve Remuneration Principles    Mgmt    Yes    For    For

8

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Akzo Nobel NV

 

Meeting Date: 04/22/2015   Country: Netherlands   Primary Security ID: N01803100
Record Date: 03/25/2015   Meeting Type: Annual   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 2,136,174  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Open Meeting and Announcements    Mgmt    No      

2

   Receive Report of Management Board (Non-Voting)    Mgmt    No      

3.a

   Discuss Remuneration Report Containing Remuneration Policy for Management Board Members    Mgmt    No      

3.b

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3.c

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

3.d

   Approve Dividends of EUR 1.45 Per Share    Mgmt    Yes    For    For

4.a

   Approve Discharge of Management Board    Mgmt    Yes    For    For

4.b

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For

5.a

   Elect D. Sluimers to Supervisory Board    Mgmt    Yes    For    For

5.b

   Reelect P. Bruzelius to Supervisory Board    Mgmt    Yes    For    For

6.a

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger    Mgmt    Yes    For    For

6.b

   Authorize Board to Exclude Preemptive Rights from Share Issuances    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

8

   Allow Questions and Close Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Embotelladora Andina S.A.

 

Meeting Date: 04/22/2015   Country: Chile   Primary Security ID: P3697S103
Record Date: 04/16/2015   Meeting Type: Annual   Ticker: ANDINA-B
         
Primary CUSIP: P3697S103   Primary ISIN: CLP3697S1034   Primary SEDOL: 2311454
         
  Shares Voted: 10,000,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends    Mgmt    Yes    For    For

3

   Present Dividend Policy    Mgmt    No      

4

   Approve Remuneration of Directors, Directors’ Committee and Audit Committee Members    Mgmt    Yes    For    For

5

   Appoint Auditors    Mgmt    Yes    For    For

6

   Inform Designation of Risk Assessment Companies    Mgmt    No      

7

   Receive Report Regarding Related-Party Transactions    Mgmt    No      

8

   Designate Newspaper to Publish Meeting Announcements    Mgmt    Yes    For    For

9

   Other Business    Mgmt    Yes    For    For

AGCO Corporation

 

Meeting Date: 04/23/2015   Country: USA   Primary Security ID: 001084102
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: AGCO
         
Primary CUSIP: 001084102   Primary ISIN: US0010841023   Primary SEDOL: 2010278
         
  Shares Voted: 126,965  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Elect Director Roy V. Armes    Mgmt    Yes    For    For

1.2

   Elect Director Michael C. Arnold    Mgmt    Yes    For    For

1.3

   Elect Director P. George Benson    Mgmt    Yes    For    For

1.4

   Elect Director Wolfgang Deml    Mgmt    Yes    For    For

1.5

   Elect Director Luiz F. Furlan    Mgmt    Yes    For    For

1.6

   Elect Director George E. Minnich    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

AGCO Corporation

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.7

   Elect Director Martin H. Richenhagen    Mgmt    Yes    For    For

1.8

   Elect Director Gerald L. Shaheen    Mgmt    Yes    For    For

1.9

   Elect Director Mallika Srinivasan    Mgmt    Yes    For    For

1.10

   Elect Director Hendrikus Visser    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

Cloetta AB

 

Meeting Date: 04/23/2015   Country: Sweden   Primary Security ID: W2397U105
Record Date: 04/17/2015   Meeting Type: Annual   Ticker: CLA B
         
Primary CUSIP: W2397U105   Primary ISIN: SE0002626861   Primary SEDOL: B3K5QQ3
         
  Shares Voted: 63,360  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Open Meeting    Mgmt    No      

2

   Elect Chairman of Meeting    Mgmt    Yes    For    For

3

   Prepare and Approve List of Shareholders    Mgmt    Yes    For    For

4

   Approve Agenda of Meeting    Mgmt    Yes    For    For

5

   Designate Inspector(s) of Minutes of Meeting    Mgmt    Yes    For    For

6

   Acknowledge Proper Convening of Meeting    Mgmt    Yes    For    For

7

   Receive Financial Statements and Statutory Reports    Mgmt    No      

8

   Receive President’s Report    Mgmt    No      

9

   Receive Board Report    Mgmt    No      

10

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

11

   Approve Allocation of Income and Omission of Dividends    Mgmt    Yes    For    For

12

   Approve Discharge of Board and President    Mgmt    Yes    For    For

13

   Determine Number of Directors (6) and Deputy Directors (0) of Board; Approve Remuneration of Directors and Auditor; Elect Directors; Ratify KPMG as Auditor    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Cloetta AB

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

14

   Approve Nominating Committee Guidelines    Mgmt    Yes    For    For

15

   Approve Remuneration Policy And Other Terms of Employment For Executive Management    Mgmt    Yes    For    For

16

   Approve 2015 Long-Term Incentive Plan    Mgmt    Yes    For    For

17

   Close Meeting    Mgmt    No      

DBS Group Holdings Ltd.

 

Meeting Date: 04/23/2015   Country: Singapore   Primary Security ID: Y20246107
Record Date:   Meeting Type: Annual   Ticker: D05
         
Primary CUSIP: Y20246107   Primary ISIN: SG1L01001701   Primary SEDOL: 6175203
         
  Shares Voted: 11,085,152  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend Per Ordinary Share    Mgmt    Yes    For    For

3

   Approve Final Dividend Per Non-Voting Redeemable Convertible Preference Share    Mgmt    Yes    For    For

4

   Approve Directors’ Fees    Mgmt    Yes    For    For

5

   Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

6

   Elect Peter Seah as Director    Mgmt    Yes    For    For

7

   Elect Ow Foong Pheng as Director    Mgmt    Yes    For    For

8

   Elect Andre Sekulic as Director    Mgmt    Yes    For    For

9

   Elect Nihal Vijaya Devadas Kaviratne as Director    Mgmt    Yes    For    For

10

   Approve Grant of Awards and Issuance of Shares Pursuant to the DBSH Share Option Plan and DBSH Share Plan    Mgmt    Yes    For    For

11

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

DBS Group Holdings Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

12

   Approve Issuance of Shares and Non-Voting Redeemable Convertible Preference Shares Under the DBSH Scrip Dividend Scheme for the Final Dividends for the Year Ended Dec. 31, 2014    Mgmt    Yes    For    For

13

   Approve Issuance of Shares and Non-Voting Redeemable Convertible Preference Shares Under the DBSH Scrip Dividend Scheme for the Dividends which may be Declared for the Year Ending Dec. 31, 2015    Mgmt    Yes    For    For

DBS Group Holdings Ltd.

 

Meeting Date: 04/23/2015   Country: Singapore   Primary Security ID: Y20246107
Record Date:   Meeting Type: Special   Ticker: D05
         
Primary CUSIP: Y20246107   Primary ISIN: SG1L01001701   Primary SEDOL: 6175203
         
  Shares Voted: 11,085,152  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Authorize Share Repurchase Program    Mgmt    Yes    For    For

Heineken Holding NV

 

Meeting Date: 04/23/2015   Country: Netherlands   Primary Security ID: N39338194
Record Date: 03/26/2015   Meeting Type: Annual   Ticker: HEIO
         
Primary CUSIP: N39338194   Primary ISIN: NL0000008977   Primary SEDOL: B0CCH46
         
  Shares Voted: 3,160,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Annual Meeting    Mgmt    No      

1

   Receive Report of Management Board (Non-Voting)    Mgmt    No      

2

   Discuss Remuneration Report    Mgmt    No      

3

   Adopt Financial Statements    Mgmt    Yes    For    For

4

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

5

   Approve Discharge of the Board of Directors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Heineken Holding NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

6a

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6b

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital    Mgmt    Yes    For    For

6c

   Authorize Board to Exclude Preemptive Rights from Issuance under Item     6b    Mgmt    Yes    For    For

7a

   Reelect C.L. de Carvalho-Heineken as Executive Director    Mgmt    Yes    For    For

7b

   Relect C.M. Kwist as Non-Executive Director    Mgmt    Yes    For    For

7c

   Elect M.R. de Carvalho as Executive Director    Mgmt    Yes    For    For

Johnson & Johnson

 

Meeting Date: 04/23/2015   Country: USA   Primary Security ID: 478160104
Record Date: 02/24/2015   Meeting Type: Annual   Ticker: JNJ
         
Primary CUSIP: 478160104   Primary ISIN: US4781601046   Primary SEDOL: 2475833
         
  Shares Voted: 865,835  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Mary Sue Coleman    Mgmt    Yes    For    For

1b

   Elect Director D. Scott Davis    Mgmt    Yes    For    For

1c

   Elect Director Ian E. L. Davis    Mgmt    Yes    For    For

1d

   Elect Director Alex Gorsky    Mgmt    Yes    For    For

1e

   Elect Director Susan L. Lindquist    Mgmt    Yes    For    For

1f

   Elect Director Mark B. McClellan    Mgmt    Yes    For    For

1g

   Elect Director Anne M. Mulcahy    Mgmt    Yes    For    For

1h

   Elect Director William D. Perez    Mgmt    Yes    For    For

1i

   Elect Director Charles Prince    Mgmt    Yes    For    For

1j

   Elect Director A. Eugene Washington    Mgmt    Yes    For    For

1k

   Elect Director Ronald A. Williams    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Johnson & Johnson

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

4

   Policy Regarding Overextended Directors    SH    Yes    Against    Against

5

   Report on Consistency Between Corporate Values and Political Contributions    SH    Yes    Against    Against

6

   Require Independent Board Chairman    SH    Yes    Against    Against

Muenchener Rueckversicherungs-Gesellschaft AG

 

Meeting Date: 04/23/2015   Country: Germany   Primary Security ID: D55535104
Record Date:   Meeting Type: Annual   Ticker: MUV2
         
Primary CUSIP: D55535104   Primary ISIN: DE0008430026   Primary SEDOL: 5294121
         
  Shares Voted: 699,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Receive Report of the Supervisory Board, Corporate Governance Report and Remuneration Report for 2014 (Non-Voting)    Mgmt    No      

1.2

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 7.75 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

6

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Authorize Use of Financial Derivatives when Repurchasing Shares    Mgmt    Yes    For    For

8

   Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 3 Billion; Approve Creation of EUR 117 Million Pool of Capital to Guarantee Conversion Rights    Mgmt    Yes    For    For

9

   Approve Creation of EUR 10 Million Pool of Capital for Employee Stock Purchase Plan    Mgmt    Yes    For    For

10

   Amend Articles Re: Company Representation    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Safran

 

Meeting Date: 04/23/2015   Country: France   Primary Security ID: F4035A557
Record Date: 04/20/2015   Meeting Type: Annual/Special   Ticker: SAF
         
Primary CUSIP: F4035A557   Primary ISIN: FR0000073272   Primary SEDOL: B058TZ6
         
  Shares Voted: 3,934,340  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 1.20 per Share    Mgmt    Yes    For    For

4

   Approve Personal Risk Insurance Benefits Agreement with Jean Paul Herteman    Mgmt    Yes    For    For

5

   Approve Personal Risk Insurance Benefits Agreements with Stephane Abrial, Ross McInnes and Marc Ventre    Mgmt    Yes    For    For

6

   Approve Auditors’ Special Report on Related-Party Transactions Regarding New Transactions    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

7

   Amend Articles 14 and 16 of Bylaws Re: Directors’ Length of Term    Mgmt    Yes    For    For

8

   Amend Article 14 of Bylaws Re: State Representatives Appointed by Decree and Directors Elected upon Proposal of the State    Mgmt    Yes    For    For
   Ordinary Business    Mgmt    No      

9

   Elect Philippe Petitcolin as Director    Mgmt    Yes    For    For

10

   Elect Ross McInnes as Director    Mgmt    Yes    For    For

11

   Elect Patrick Gandil as Director    Mgmt    Yes    For    For

12

   Elect Vincent Imbert as Director    Mgmt    Yes    For    For

13

   Reelect Jean Lou Chameau as Director    Mgmt    Yes    For    For

14

   Approve Remuneration of Directors in the Aggregate Amount of EUR 868,000    Mgmt    Yes    For    For

15

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

16

   Advisory Vote on Compensation of Jean Paul Herteman, Chairman and CEO    Mgmt    Yes    For    For

17

   Advisory Vote on Compensation of Vice-CEOs    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Safran

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Extraordinary Business    Mgmt    No      

18

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 20 Million; and EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against

19

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against

20

   Authorize Capital Increase of Up to EUR 8 Million for Future Exchange Offers    Mgmt    Yes    For    Against

21

   Authorize Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 8 Million, Including in the Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against

22

   Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above    Mgmt    Yes    For    Against
   Ordinary Business    Mgmt    No      

23

   Authorize Capitalization of Reserves of Up to EUR 12.5 Million for Bonus Issue or Increase in Par Value; and EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against
   Extraordinary Business    Mgmt    No      

24

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans Including in the Event of a Public Tender Offer or Share Exchange Offer    Mgmt    Yes    For    For

25

   Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 30 Million; and EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    For

26

   Authorize up to 0.1 Percent of Issued Capital for Use in Restricted Stock Plans    Mgmt    Yes    For    For

27

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For
   Shareholder Proposal Submitted by Safran Investissement Corporate Mutual Fund    Mgmt    No      

A

   Amend Item 3 as Follows: Approve Allocation of Income and Dividends of EUR 1.12 per Share    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Telegraaf Media Groep NV

 

Meeting Date: 04/23/2015   Country: Netherlands   Primary Security ID: N8502L104
Record Date: 03/26/2015   Meeting Type: Annual   Ticker: TMG
         
Primary CUSIP: N8502L104   Primary ISIN: NL0000386605   Primary SEDOL: 5062919
         
  Shares Voted: 500,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Annual Meeting    Mgmt    No      

1

   Open Meeting    Mgmt    No      

2a

   Receive Report of Management Board (Non-Voting)    Mgmt    No      

2b

   Receive Presentation of Supervisory Board (Non-Voting)    Mgmt    No      

2c

   Discuss Remuneration Report    Mgmt    No      

3

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

4a

   Approve Discharge of Management Board    Mgmt    Yes    For    For

4b

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For

5

   Discuss Allocation of Income    Mgmt    No      

6

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

7a

   Approve Remuneration of M.A.M Boersma as Delegated Director for 2013    Mgmt    Yes    For    For

7b

   Approve Remuneration of M.A.M Boersma as Delegated Director for 2014    Mgmt    Yes    For    For

8

   Elect M.A.M Boersma as Member of the Supervisory Board    Mgmt    Yes    For    For

9

   Approve Phantom Share Plan    Mgmt    Yes    For    For

10

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

11a

   Grant Board Authority to Issue Shares    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Telegraaf Media Groep NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

11b

   Authorize Board to Exclude Preemptive Rights from Issuance under Item 11a    Mgmt    Yes    For    For

12

   Allow Questions    Mgmt    No      

13

   Close Meeting    Mgmt    No      

AMERICAN NATIONAL INSURANCE COMPANY

 

Meeting Date: 04/24/2015   Country: USA   Primary Security ID: 028591105
Record Date: 03/02/2015   Meeting Type: Annual   Ticker: ANAT
         
Primary CUSIP: 028591105   Primary ISIN: US0285911055   Primary SEDOL: 2028420
         
  Shares Voted: 75,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Elect Director William C. Ansell    Mgmt    Yes    For    For

1.2

   Elect Director Arthur O. Dummer    Mgmt    Yes    For    For

1.3

   Elect Director Frances A. Moody-Dahlberg    Mgmt    Yes    For    For

1.4

   Elect Director Robert L. Moody, Sr.    Mgmt    Yes    For    For

1.5

   Elect Director Russell S. Moody    Mgmt    Yes    For    For

1.6

   Elect Director James P. Payne    Mgmt    Yes    For    For

1.7

   Elect Director E. J. ‘Jere’ Pederson    Mgmt    Yes    For    For

1.8

   Elect Director James E. Pozzi    Mgmt    Yes    For    For

1.9

   Elect Director James D. Yarbrough    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

HSBC Holdings plc

 

Meeting Date: 04/24/2015   Country: United Kingdom   Primary Security ID: G4634U169
Record Date: 04/23/2015   Meeting Type: Annual   Ticker: HSBA
         
Primary CUSIP: G4634U169   Primary ISIN: GB0005405286   Primary SEDOL: 0540528
         
  Shares Voted: 19,335,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3(a)

   Elect Phillip Ameen as Director    Mgmt    Yes    For    For

3(b)

   Elect Heidi Miller as Director    Mgmt    Yes    For    For

3(c)

   Re-elect Kathleen Casey as Director    Mgmt    Yes    For    For

3(d)

   Re-elect Safra Catz as Director    Mgmt    Yes    For    For

3(e)

   Re-elect Laura Cha as Director    Mgmt    Yes    For    For

3(f)

   Re-elect Lord Evans of Weardale as Director    Mgmt    Yes    For    For

3(g)

   Re-elect Joachim Faber as Director    Mgmt    Yes    For    For

3(h)

   Re-elect Rona Fairhead as Director    Mgmt    Yes    For    For

3(i)

   Re-elect Douglas Flint as Director    Mgmt    Yes    For    For

3(j)

   Re-elect Stuart Gulliver as Director    Mgmt    Yes    For    For

3(k)

   Re-elect Sam Laidlaw as Director    Mgmt    Yes    For    For

3(l)

   Re-elect John Lipsky as Director    Mgmt    Yes    For    For

3(m)

   Re-elect Rachel Lomax as Director    Mgmt    Yes    For    For

3(n)

   Re-elect Iain Mackay as Director    Mgmt    Yes    For    For

3(o)

   Re-elect Marc Moses as Director    Mgmt    Yes    For    For

3(p)

   Re-elect Sir Simon Robertson as Director    Mgmt    Yes    For    For

3(q)

   Re-elect Jonathan Symonds as Director    Mgmt    Yes    For    For

4

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

5

   Authorise the Group Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

6

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

7

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

8

   Authorise Directors to Allot Any Repurchased Shares    Mgmt    Yes    For    For

9

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

HSBC Holdings plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

10

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

11

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

12

   Amend Savings-Related Share Option Plan (UK)    Mgmt    Yes    For    For

13

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Pearson plc

 

Meeting Date: 04/24/2015   Country: United Kingdom   Primary Security ID: G69651100
Record Date: 04/22/2015   Meeting Type: Annual   Ticker: PSON
         
Primary CUSIP: G69651100   Primary ISIN: GB0006776081   Primary SEDOL: 0677608
         
  Shares Voted: 370,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Re-elect Vivienne Cox as Director    Mgmt    Yes    For    For

4

   Re-elect John Fallon as Director    Mgmt    Yes    For    For

5

   Re-elect Robin Freestone as Director    Mgmt    Yes    For    For

6

   Re-elect Josh Lewis as Director    Mgmt    Yes    For    For

7

   Re-elect Linda Lorimer as Director    Mgmt    Yes    For    For

8

   Re-elect Harish Manwani as Director    Mgmt    Yes    For    For

9

   Re-elect Glen Moreno as Director    Mgmt    Yes    For    For

10

   Elect Elizabeth Corley as Director    Mgmt    Yes    For    For

11

   Elect Tim Score as Director    Mgmt    Yes    For    For

12

   Approve Remuneration Report    Mgmt    Yes    For    For

13

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

14

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Pearson plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

15

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

16

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

United Overseas Bank Limited

 

Meeting Date: 04/24/2015   Country: Singapore   Primary Security ID: Y9T10P105
Record Date:   Meeting Type: Annual   Ticker: U11
         
Primary CUSIP: V96194127   Primary ISIN: SG1M31001969   Primary SEDOL: 6916781
         
  Shares Voted: 4,428,800  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend and Special Dividend    Mgmt    Yes    For    For

3

   Approve Directors’ Fees    Mgmt    Yes    For    For

4

   Approve Fee to the Chairman Emeritus and Adviser of the Bank for the Period from January 2014 to December 2014    Mgmt    Yes    For    For

5

   Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

6

   Elect Hsieh Fu Hua as Director    Mgmt    Yes    For    For

7

   Elect Wee Ee Cheong as Director    Mgmt    Yes    For    For

8

   Elect Lim Hwee Hua as Director    Mgmt    Yes    For    For

9

   Elect Wee Cho Yaw as Director    Mgmt    Yes    For    For

10

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

11

   Approve Issuance of Shares Pursuant to the UOB Scrip Dividend Scheme    Mgmt    Yes    For    For

12

   Authorize Share Repurchase Program    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

British American Tobacco plc

 

Meeting Date: 04/29/2015   Country: United Kingdom   Primary Security ID: G1510J102
Record Date: 04/27/2015   Meeting Type: Annual   Ticker: BATS
         
Primary CUSIP: G1510J102   Primary ISIN: GB0002875804   Primary SEDOL: 0287580
         
  Shares Voted: 1,325,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Appoint KPMG LLP as Auditors    Mgmt    Yes    For    For

5

   Authorise the Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

6

   Re-elect Richard Burrows as Director    Mgmt    Yes    For    For

7

   Re-elect Karen de Segundo as Director    Mgmt    Yes    For    For

8

   Re-elect Nicandro Durante as Director    Mgmt    Yes    For    For

9

   Re-elect Ann Godbehere as Director    Mgmt    Yes    For    For

10

   Re-elect Savio Kwan as Director    Mgmt    Yes    For    For

11

   Re-elect Christine Morin-Postel as Director    Mgmt    Yes    For    For

12

   Re-elect Gerry Murphy as Director    Mgmt    Yes    For    For

13

   Re-elect Kieran Poynter as Director    Mgmt    Yes    For    For

14

   Re-elect Ben Stevens as Director    Mgmt    Yes    For    For

15

   Re-elect Richard Tubb as Director    Mgmt    Yes    For    For

16

   Elect Sue Farr as Director    Mgmt    Yes    For    For

17

   Elect Pedro Malan as Director    Mgmt    Yes    For    For

18

   Elect Dimitri Panayotopoulos as Director    Mgmt    Yes    For    For

19

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

21

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

22

   Approve EU Political Donations and Expenditure    Mgmt    Yes    For    For

23

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Cenovus Energy Inc.

 

Meeting Date: 04/29/2015   Country: Canada   Primary Security ID: 15135U109
Record Date: 03/06/2015   Meeting Type: Annual/Special   Ticker: CVE
         
Primary CUSIP: 15135U109   Primary ISIN: CA15135U1093   Primary SEDOL: B57FG04
         
  Shares Voted: 138,200  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Elect Director Ralph S. Cunningham    Mgmt    Yes    For    For

1.2

   Elect Director Patrick D. Daniel    Mgmt    Yes    For    For

1.3

   Elect Director Ian W. Delaney    Mgmt    Yes    For    For

1.4

   Elect Director Brian C. Ferguson    Mgmt    Yes    For    For

1.5

   Elect Director Michael A. Grandin    Mgmt    Yes    For    For

1.6

   Elect Director Steven F. Leer    Mgmt    Yes    For    For

1.7

   Elect Director Valerie A.A. Nielsen    Mgmt    Yes    For    For

1.8

   Elect Director Charles M. Rampacek    Mgmt    Yes    For    For

1.9

   Elect Director Colin Taylor    Mgmt    Yes    For    For

1.10

   Elect Director Wayne G. Thomson    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

3

   Approve Shareholder Rights Plan    Mgmt    Yes    For    For

4

   Amend Articles Re: Provisions of the Preferred Shares    Mgmt    Yes    For    For

5

   Amend By-Law No. 1    Mgmt    Yes    For    For

6

   Advisory Vote on Executive Compensation Approach    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Unilever NV

 

Meeting Date: 04/29/2015   Country: Netherlands   Primary Security ID: N8981F271
Record Date: 04/01/2015   Meeting Type: Annual   Ticker: UNA
         
Primary CUSIP: N8981F271   Primary ISIN: NL0000009355   Primary SEDOL: B12T3J1
         
  Shares Voted: 1,378,910  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Discussion of the Annual Report and Accounts for the 2014 financial year    Mgmt    No      

2

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

3

   Approve Discharge of Executive Board Members    Mgmt    Yes    For    For

4

   Approve Discharge of Non-Executive Board Members    Mgmt    Yes    For    For

5

   Reelect P G J M Polman as Executive Director    Mgmt    Yes    For    For

6

   Reelect R J-M S Huet as Executive Director    Mgmt    Yes    For    For

7

   Reelect L M Cha as Non-Executive Director    Mgmt    Yes    For    For

8

   Reelect L O Fresco as Non-Executive Director    Mgmt    Yes    For    For

9

   Reelect A M Fudge as Non-Executive Director    Mgmt    Yes    For    For

10

   Elect M Ma as Non-Executive Director    Mgmt    Yes    For    For

11

   Reelect H Nyasulu as Non-Executive Director    Mgmt    Yes    For    For

12

   Reelect J. Rishton as Non-Executive Director    Mgmt    Yes    For    For

13

   Reelect F Sijbesma as Non-Executive Director.    Mgmt    Yes    For    For

14

   Reelect M Treschow as Non-Executive Director    Mgmt    Yes    For    For

15

   Elect N S Andersen as Non-Executive Director    Mgmt    Yes    For    For

16

   Elect V Colao as Non-Executive Director    Mgmt    Yes    For    For

17

   Elect J Hartmann as Non-Executive Director    Mgmt    Yes    For    For

18

   Ratify KPMG as Auditors    Mgmt    Yes    For    For

19

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights    Mgmt    Yes    For    For

20

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

21

   Approve Cancellation of Repurchased Shares    Mgmt    Yes    For    For

22

   Close Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

ABB Ltd.

 

Meeting Date: 04/30/2015   Country: Switzerland   Primary Security ID: H0010V101
Record Date:   Meeting Type: Annual   Ticker: ABBN
         
Primary CUSIP: H0010V101   Primary ISIN: CH0012221716   Primary SEDOL: 7108899
         
  Shares Voted: 2,272,160  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1

   Approve Allocation of Income and Dividends of CHF 0.55 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

4.2

   Approve CHF 394 Million Reduction in Share Capital and Repayment of CHF 0.17 per Share    Mgmt    Yes    For    For

5

   Amend Articles to Reflect Changes in Capital If Item 4.2 is Approved    Mgmt    Yes    For    For

6

   Approve Creation of CHF 200 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    For

7.1

   Approve Remuneration of Directors in the Amount of CHF 4.2 Million    Mgmt    Yes    For    For

7.2

   Approve Remuneration of Executive Committee in the Amount of CHF 52 Million    Mgmt    Yes    For    For

8.1

   Reelect Roger Agnelli as Director    Mgmt    Yes    For    For

8.2

   Reelect Matti Alahuhta as Director    Mgmt    Yes    For    For

8.3

   Elect David Constable as Director    Mgmt    Yes    For    For

8.4

   Reelect Louis Hughes as Director    Mgmt    Yes    For    For

8.5

   Reelect Michel de Rosen as Director    Mgmt    Yes    For    For

8.6

   Reelect Jacob Wallenberg as Director    Mgmt    Yes    For    For

8.7

   Reelect Ying Yeh as Director    Mgmt    Yes    For    For

8.8

   Elect Peter Voser as Director and Board Chairman    Mgmt    Yes    For    For

9.1

   Appoint David Constable as Member of the Compensation Committee    Mgmt    Yes    For    For

9.2

   Appoint Michel de Rosen as Member of the Compensation Committee    Mgmt    Yes    For    For

9.3

   Appoint Ying Yeh as Member of the Compensation Committee    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

ABB Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

10

   Designate Hans Zehnder as Independent Proxy    Mgmt    Yes    For    For

11

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

12

   Transact Other Business (Voting)    Mgmt    Yes    For    For

AGA Rangemaster Group plc

 

Meeting Date: 04/30/2015   Country: United Kingdom   Primary Security ID: G0114Z132
Record Date: 04/28/2015   Meeting Type: Annual   Ticker: AGA
         
Primary CUSIP: G0114Z132   Primary ISIN: GB00B2QMX606   Primary SEDOL: B2QMX60
         
  Shares Voted: 900,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Elect Bob Ivell as Director    Mgmt    Yes    For    For

3

   Re-elect Jon Carling as Director    Mgmt    Yes    For    For

4

   Re-elect John Coleman as Director    Mgmt    Yes    For    For

5

   Re-elect William McGrath as Director    Mgmt    Yes    For    For

6

   Re-elect Shaun Smith as Director    Mgmt    Yes    For    For

7

   Re-elect Rebecca Worthington as Director    Mgmt    Yes    For    For

8

   Reappoint Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

9

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

10

   Approve Remuneration Report    Mgmt    Yes    For    For

11

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

12

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

13

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Great Eagle Holdings Ltd.

 

Meeting Date: 04/30/2015   Country: Bermuda   Primary Security ID: G4069C148
Record Date: 04/23/2015   Meeting Type: Annual   Ticker: 00041
         
Primary CUSIP: G4069C148   Primary ISIN: BMG4069C1486   Primary SEDOL: 6387406
         
  Shares Voted: 5,678,136  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Elect Lo Kai Shui as Director    Mgmt    Yes    For    For

4

   Elect Lo To Lee Kwan as Director    Mgmt    Yes    For    For

5

   Elect Wong Yue Chim, Richard as Director    Mgmt    Yes    For    For

6

   Elect Lo Hong Sui, Antony as Director    Mgmt    Yes    For    For

7

   Fix Maximum Number of Directors at 15 and Authorize Board to Appoint Additional Directors Up to Such Maximum Number    Mgmt    Yes    For    For

8

   Approve Remuneration of Directors    Mgmt    Yes    For    For

9

   Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

10

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

11

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

Philip Morris CR A.S

 

Meeting Date: 04/30/2015   Country: Czech Republic   Primary Security ID: X6547B106
Record Date: 04/23/2015   Meeting Type: Annual   Ticker: BAATABAK
         
Primary CUSIP: X6547B106   Primary ISIN: CS0008418869   Primary SEDOL: 4874546
         
  Shares Voted: 2,800  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Open Meeting    Mgmt    No      

2.1

   Elect Meeting Chairman and Other Meeting Officials    Mgmt    Yes    For    For

2.2

   Approve Meeting Procedures    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Philip Morris CR A.S

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

3

   Receive Management Board Reports, Financial Statements, Consolidated Financial Statement and Proposal for Allocation of Income, Including Dividends of CZK 880 per Share    Mgmt    No      

4

   Receive Supervisory Board Report    Mgmt    No      

5

   Approve Management Board Reports, Financial Statements, Consolidated Financial Statement and Proposal for Allocation of Income, Including Dividends of CZK 880 per Share    Mgmt    Yes    For    For

6.1a

   Elect Andras Tovisi as Management Board Member    Mgmt    Yes    For    For

6.1b

   Elect Petr Karla as Management Board Member    Mgmt    Yes    For    For

6.1c

   Elect Stanislava Jurikova as Management Board Member    Mgmt    Yes    For    For

6.1d

   Elect Igor Potocar as Management Board Member    Mgmt    Yes    For    For

6.1e

   Elect Tomas Korkos as Management Board Member    Mgmt    Yes    For    For

6.2a

   Elect Johannes Vroemen as Supervisory Board Member    Mgmt    Yes    For    For

6.2b

   Elect Imarus van Lieshoutas Supervisory Board Member    Mgmt    Yes    For    For

6.2c

   Elect Alena Zemplinerova as Supervisory Board Member    Mgmt    Yes    For    For

6.2d

   Elect Vaclav Beranek as Supervisory Board Member    Mgmt    Yes    For    For

7.1

   Elect Johannis van Capelleveen as Member of Audit Committee    Mgmt    Yes    For    For

7.2

   Elect Johannes Vroemenas Member of Audit Committee    Mgmt    Yes    For    For

7.3

   Elect Imarus van Lieshoutas Member of Audit Committee    Mgmt    Yes    For    For

8

   Ratify PricewaterhouseCoopers Audit s.r.o. as Auditor    Mgmt    Yes    For    For

9

   Close Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Scor SE

 

Meeting Date: 04/30/2015   Country: France   Primary Security ID: F15561677
Record Date: 04/27/2015   Meeting Type: Annual/Special   Ticker: SCR
         
Primary CUSIP: F15561677   Primary ISIN: FR0010411983   Primary SEDOL: B1LB9P6
         
  Shares Voted: 5,561,520  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of EUR 1.40 per Share    Mgmt    Yes    For    For

3

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions Regarding New Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Denis Kessler, CEO    Mgmt    Yes    For    For

6

   Reelect Peter Eckert as Director    Mgmt    Yes    For    For

7

   Reelect Kory Sorenson as Director    Mgmt    Yes    For    For

8

   Reelect Fields Wicker Miurin as Director    Mgmt    Yes    For    For

9

   Elect Marguerite Berard Andrieu as Director    Mgmt    Yes    For    For

10

   Elect Kirsten Ideboen as Director    Mgmt    Yes    For    For

11

   Elect Vanessa Marquette as Director    Mgmt    Yes    For    For

12

   Elect Augustin de Romanet as Director    Mgmt    Yes    For    For

13

   Elect Jean Marc Raby as Director    Mgmt    Yes    For    For

14

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

15

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

16

   Authorize Capitalization of Reserves of Up to EUR 200 Million for Bonus Issue or Increase in Par Value    Mgmt    Yes    For    For

17

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 599,999,999.98    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Scor SE

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

18

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 151,668,108.39    Mgmt    Yes    For    For

19

   Approve Issuance of Equity or Equity-Linked Securities for up to 10 Percent of Issued Capital Per Year for Private Placements    Mgmt    Yes    For    For

20

   Authorize Capital Increase of Up to EUR 151,668,108.39 for Future Exchange Offers    Mgmt    Yes    For    For

21

   Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind    Mgmt    Yes    For    For

22

   Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above    Mgmt    Yes    For    For

23

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

24

   Authorize up to 1.5 Million Shares for Use in Stock Option Plans    Mgmt    Yes    For    For

25

   Authorize up to 3 Million Shares in Use for Restricted Stock Plans    Mgmt    Yes    For    For

26

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

27

   Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 835,446,372,60    Mgmt    Yes    For    For

28

   Amend Article 8 of Bylaws Re: Absence of Double Voting Rights    Mgmt    Yes    For    For

29

   Amend Article 15 of Bylaws Re: Related Party Transactions    Mgmt    Yes    For    For

30

   Amend Article 19 of Bylaws Re: Record Date    Mgmt    Yes    For    For

31

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Unilever plc

 

Meeting Date: 04/30/2015   Country: United Kingdom   Primary Security ID: G92087165
Record Date: 04/28/2015   Meeting Type: Annual   Ticker: ULVR
         
Primary CUSIP: G92087165   Primary ISIN: GB00B10RZP78   Primary SEDOL: B10RZP7
         
  Shares Voted: 2,725,044  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Re-elect Paul Polman as Director    Mgmt    Yes    For    For

4

   Re-elect Jean-Marc Huet as Director    Mgmt    Yes    For    For

5

   Re-elect Laura Cha as Director    Mgmt    Yes    For    For

6

   Re-elect Louise Fresco as Director    Mgmt    Yes    For    For

7

   Re-elect Ann Fudge as Director    Mgmt    Yes    For    For

8

   Re-elect Mary Ma as Director    Mgmt    Yes    For    For

9

   Re-elect Hixonia Nyasulu as Director    Mgmt    Yes    For    For

10

   Re-elect John Rishton as Director    Mgmt    Yes    For    For

11

   Re-elect Feike Sijbesma as Director    Mgmt    Yes    For    For

12

   Re-elect Michael Treschow as Director    Mgmt    Yes    For    For

13

   Elect Nils Andersen as Director    Mgmt    Yes    For    For

14

   Elect Vittorio Colao as Director    Mgmt    Yes    For    For

15

   Elect Dr Judith Hartmann as Director    Mgmt    Yes    For    For

16

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

21

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

22

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Berkshire Hathaway Inc.

 

Meeting Date: 05/02/2015   Country: USA   Primary Security ID: 084670702
Record Date: 03/04/2015   Meeting Type: Annual   Ticker: BRK.B
         
Primary CUSIP: 084670702   Primary ISIN: US0846707026   Primary SEDOL: 2073390
         
  Shares Voted: 737  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Warren E. Buffett    Mgmt    Yes    For    For

1.2

   Elect Director Charles T. Munger    Mgmt    Yes    For    For

1.3

   Elect Director Howard G. Buffett    Mgmt    Yes    For    For

1.4

   Elect Director Stephen B. Burke    Mgmt    Yes    For    For

1.5

   Elect Director Susan L. Decker    Mgmt    Yes    For    For

1.6

   Elect Director William H. Gates, III    Mgmt    Yes    For    For

1.7

   Elect Director David S. Gottesman    Mgmt    Yes    For    For

1.8

   Elect Director Charlotte Guyman    Mgmt    Yes    For    For

1.9

   Elect Director Thomas S. Murphy    Mgmt    Yes    For    For

1.10

   Elect Director Ronald L. Olson    Mgmt    Yes    For    For

1.11

   Elect Director Walter Scott, Jr.    Mgmt    Yes    For    For

1.12

   Elect Director Meryl B. Witmer    Mgmt    Yes    For    For

Baxter International Inc.

 

Meeting Date: 05/05/2015   Country: USA   Primary Security ID: 071813109
Record Date: 03/11/2015   Meeting Type: Annual   Ticker: BAX
         
Primary CUSIP: 071813109   Primary ISIN: US0718131099   Primary SEDOL: 2085102
         
  Shares Voted: 1,094,821  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Uma Chowdhry    Mgmt    Yes    For    For

1b

   Elect Director James R. Gavin, III    Mgmt    Yes    For    For

1c

   Elect Director Peter S. Hellman    Mgmt    Yes    For    For

1d

   Elect Director K. J. Storm    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Baxter International Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Approve Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Pro-rata Vesting of Equity Awards    SH    Yes    Against    For

6

   Require Independent Board Chairman    SH    Yes    Against    Against

CNP Assurances

 

Meeting Date: 05/06/2015   Country: France   Primary Security ID: F1876N318
Record Date: 04/30/2015   Meeting Type: Annual/Special   Ticker: CNP
         
Primary CUSIP: F1876N318   Primary ISIN: FR0000120222   Primary SEDOL: 5543986
         
  Shares Voted: 7,719,256  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.77 per Share    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Jean-Paul Faugere, Chairman    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Frederic Lavenir, CEO    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

8

   Amend Article 27 of Bylaws Re: Record Date    Mgmt    Yes    For    For

9

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million    Mgmt    Yes    For    For

10

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

11

   Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plans    Mgmt    Yes    For    For
   Ordinary Business    Mgmt    No      

12

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

KSB AG

 

Meeting Date: 05/06/2015   Country: Germany   Primary Security ID: D47612110
Record Date: 04/14/2015   Meeting Type: Annual   Ticker: KSB3
         
Primary CUSIP: D47612110   Primary ISIN: DE0006292030   Primary SEDOL: 4498065
         
  Shares Voted: 42,354  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Management Proposals    Mgmt    No      

1

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 8.50 per Common Share and EUR 8.76 per Preferred Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2015    Mgmt    Yes    For    For

6

   Reelect Martin Auer to the Supervisory Board    Mgmt    Yes    For    For

7

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

8

   Authorize Management Board Not to Disclose Individualized Remuneration of its Members    Mgmt    Yes    For    For
   Shareholder Proposals Submitted by Klein Pumpen GmbH    Mgmt    No      

9

   Remove Michael Hoffmann-Becking from the Supervisory Board    SH    Yes    None    Against

10

   Elect Dieter-Heinz Hellmann to the Supervisory Board    SH    Yes    None    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Philip Morris International Inc.

 

Meeting Date: 05/06/2015   Country: USA   Primary Security ID: 718172109
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: PM
         
Primary CUSIP: 718172109   Primary ISIN: US7181721090   Primary SEDOL: B2PKRQ3
         
  Shares Voted: 918,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Harold Brown    Mgmt    Yes    For    For

1.2

   Elect Director André Calantzopoulos    Mgmt    Yes    For    For

1.3

   Elect Director Louis C. Camilleri    Mgmt    Yes    For    For

1.4

   Elect Director Werner Geissler    Mgmt    Yes    For    For

1.5

   Elect Director Jennifer Li    Mgmt    Yes    For    For

1.6

   Elect Director Jun Makihara    Mgmt    Yes    For    For

1.7

   Elect Director Sergio Marchionne    Mgmt    Yes    For    For

1.8

   Elect Director Kalpana Morparia    Mgmt    Yes    For    For

1.9

   Elect Director Lucio A. Noto    Mgmt    Yes    For    For

1.10

   Elect Director Frederik Paulsen    Mgmt    Yes    For    For

1.11

   Elect Director Robert B. Polet    Mgmt    Yes    For    For

1.12

   Elect Director Stephen M. Wolf    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers SA as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Adopt Anti-Forced Labor Policy for Tobacco Supply Chain    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Phillips 66

 

Meeting Date: 05/06/2015   Country: USA   Primary Security ID: 718546104
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: PSX
         
Primary CUSIP: 718546104   Primary ISIN: US7185461040   Primary SEDOL: B78C4Y8
         
  Shares Voted: 293,500  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director J. Brian Ferguson    Mgmt    Yes    For    For

1b

   Elect Director Harold W. McGraw, III    Mgmt    Yes    For    For

1c

   Elect Director Victoria J. Tschinkel    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Declassify the Board of Directors    Mgmt    Yes    For    For

5

   Adopt Quantitative GHG Goals for Operations    SH    Yes    Against    Against

Standard Chartered plc

 

Meeting Date: 05/06/2015   Country: United Kingdom   Primary Security ID: G84228157
Record Date: 05/01/2015   Meeting Type: Annual   Ticker: STAN
         
Primary CUSIP: G84228157   Primary ISIN: GB0004082847   Primary SEDOL: 0408284
         
  Shares Voted: 20,809,300  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Approve Remuneration Report    Mgmt    Yes    For    For

4

   Elect Dr Byron Grote as Director    Mgmt    Yes    For    For

5

   Elect Andy Halford as Director    Mgmt    Yes    For    For

6

   Elect Gay Huey Evans as Director    Mgmt    Yes    For    For

7

   Elect Jasmine Whitbread as Director    Mgmt    Yes    For    For

8

   Re-elect Om Bhatt as Director    Mgmt    Yes    For    For

9

   Re-elect Dr Kurt Campbell as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Louis Cheung as Director    Mgmt    Yes    For    For

11

   Re-elect Dr Han Seung-soo as Director    Mgmt    Yes    For    For

12

   Re-elect Christine Hodgson as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Standard Chartered plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

13

   Re-elect Naguib Kheraj as Director    Mgmt    Yes    For    For

14

   Re-elect Simon Lowth as Director    Mgmt    Yes    For    For

15

   Re-elect Ruth Markland as Director    Mgmt    Yes    For    For

16

   Re-elect Sir John Peace as Director    Mgmt    Yes    For    For

17

   Re-elect Mike Rees as Director    Mgmt    Yes    For    For

18

   Re-elect Viswanathan Shankar as Director    Mgmt    No      

19

   Re-elect Paul Skinner as Director    Mgmt    Yes    For    For

20

   Re-elect Dr Lars Thunell as Director    Mgmt    Yes    For    For

21

   Appoint KPMG LLP as Auditors    Mgmt    Yes    For    For

22

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

23

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

24

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

25

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

26

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

27

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

28

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

29

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

30

   Authorise Market Purchase of Preference Shares    Mgmt    Yes    For    For

31

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

GlaxoSmithKline plc

 

Meeting Date: 05/07/2015   Country: United Kingdom   Primary Security ID: G3910J112
Record Date: 05/05/2015   Meeting Type: Annual   Ticker: GSK
         
Primary CUSIP: G3910J112   Primary ISIN: GB0009252882   Primary SEDOL: 0925288
         
  Shares Voted: 3,772,231  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Elect Sir Philip Hampton as Director    Mgmt    Yes    For    For

4

   Elect Urs Rohner as Director    Mgmt    Yes    For    For

5

   Re-elect Sir Andrew Witty as Director    Mgmt    Yes    For    For

6

   Re-elect Sir Roy Anderson as Director    Mgmt    Yes    For    For

7

   Re-elect Dr Stephanie Burns as Director    Mgmt    Yes    For    For

8

   Re-elect Stacey Cartwright as Director    Mgmt    Yes    For    For

9

   Re-elect Simon Dingemans as Director    Mgmt    Yes    For    For

10

   Re-elect Lynn Elsenhans as Director    Mgmt    Yes    For    For

11

   Re-elect Judy Lewent as Director    Mgmt    Yes    For    For

12

   Re-elect Sir Deryck Maughan as Director    Mgmt    Yes    For    For

13

   Re-elect Dr Daniel Podolsky as Director    Mgmt    Yes    For    For

14

   Re-elect Dr Moncef Slaoui as Director    Mgmt    Yes    For    For

15

   Re-elect Hans Wijers as Director    Mgmt    Yes    For    For

16

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise the Audit & Risk Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

19

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

21

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

22

   Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports    Mgmt    Yes    For    For

23

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

24

   Approve Share Value Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Jardine Strategic Holdings Ltd.

 

Meeting Date: 05/07/2015   Country: Bermuda   Primary Security ID: G50764102
Record Date:   Meeting Type: Annual   Ticker: J37
         
Primary CUSIP: G50764102   Primary ISIN: BMG507641022   Primary SEDOL: 6472960
         
  Shares Voted: 434,500  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Auditors’ Reports and Declare Final Dividend    Mgmt    Yes    For    For

2

   Elect Julian Hui as a Director    Mgmt    Yes    For    For

3

   Re-elect Rodney Leach as a Director    Mgmt    Yes    For    For

4

   Re-elect Anthony Nightingale as a Director    Mgmt    Yes    For    For

5

   Approve Remuneration of Directors    Mgmt    Yes    For    For

6

   Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

7

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

Provident Financial plc

 

Meeting Date: 05/07/2015   Country: United Kingdom   Primary Security ID: G72783171
Record Date: 05/05/2015   Meeting Type: Annual   Ticker: PFG
         
Primary CUSIP: G72783171   Primary ISIN: GB00B1Z4ST84   Primary SEDOL: B1Z4ST8
         
  Shares Voted: 3,346,355  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Re-elect Robert Anderson as Director    Mgmt    Yes    For    For

5

   Re-elect Peter Crook as Director    Mgmt    Yes    For    For

6

   Re-elect Andrew Fisher as Director    Mgmt    Yes    For    For

7

   Re-elect Alison Halsey as Director    Mgmt    Yes    For    For

8

   Re-elect Malcolm Le May as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Provident Financial plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

9

   Re-elect Stuart Sinclair as Director    Mgmt    Yes    For    For

10

   Re-elect Manjit Wolstenholme as Director    Mgmt    Yes    For    For

11

   Reappoint Deloitte LLP as Auditors    Mgmt    Yes    For    For

12

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

13

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

14

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

15

   Approve Long Term Incentive Scheme    Mgmt    Yes    For    For

16

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

19

   Approve Variable Pay Cap    Mgmt    Yes    For    For

Teleperformance

 

Meeting Date: 05/07/2015   Country: France   Primary Security ID: F9120F106
Record Date: 05/04/2015   Meeting Type: Annual/Special   Ticker: RCF
         
Primary CUSIP: F9120F106   Primary ISIN: FR0000051807   Primary SEDOL: 5999330
         
  Shares Voted: 712,949  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.92 per Share    Mgmt    Yes    For    For

4

   Acknowledge Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of New Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Daniel Julien, Chairman    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Teleperformance

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

6

   Advisory Vote on Compensation of Paulo Cesar Salles Vasques, CEO    Mgmt    Yes    For    For

7

   Reelect Daniel Julien as Director    Mgmt    Yes    For    For

8

   Reelect Emily Abrera as Director    Mgmt    Yes    For    For

9

   Reelect Philippe Ginestie as Director    Mgmt    Yes    For    For

10

   Reelect Jean Guez as Director    Mgmt    Yes    For    For

11

   Reelect Daniel Bergstein as Director    Mgmt    Yes    For    For

12

   Reelect Philippe Dominati as Director    Mgmt    Yes    For    For

13

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

14

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

15

   Authorize Capitalization of Reserves of Up to EUR 142 Million for Bonus Issue or Increase in Par Value    Mgmt    Yes    For    For

16

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 40 Million    Mgmt    Yes    For    For

17

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights with a Binding Priority Right up to Aggregate Nominal Amount of EUR 28 Million    Mgmt    Yes    For    For

18

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

19

   Amend Article 25 of Bylaws Re: Record Date    Mgmt    Yes    For    For

20

   Amend Article 25 of Bylaws Re: Double Voting Rights    Mgmt    Yes    For    For

21

   Approve Change of Corporate Form to Societas Europaea (SE)    Mgmt    Yes    For    For

22

   Subject to Approval of Item 21, Change Company Name to Teleperformance SE    Mgmt    Yes    For    For

23

   Subject to Items 21 and 22 Above, Adopt New Bylaws    Mgmt    Yes    For    For

24

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

BBA Aviation plc

 

Meeting Date: 05/08/2015   Country: United Kingdom   Primary Security ID: G08932165
Record Date: 05/06/2015   Meeting Type: Annual   Ticker: BBA
         
Primary CUSIP: G08932165   Primary ISIN: GB00B1FP8915   Primary SEDOL: B1FP891
         
  Shares Voted: 1,782,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Elect Mike Powell as Director    Mgmt    Yes    For    For

4

   Re-elect Sir Nigel Rudd as Director    Mgmt    Yes    For    For

5

   Re-elect Wayne Edmunds as Director    Mgmt    Yes    For    For

6

   Re-elect Susan Kilsby as Director    Mgmt    Yes    For    For

7

   Re-elect Nick Land as Director    Mgmt    Yes    For    For

8

   Re-elect Simon Pryce as Director    Mgmt    Yes    For    For

9

   Re-elect Peter Ratcliffe as Director    Mgmt    Yes    For    For

10

   Reappoint Deloitte LLP as Auditors    Mgmt    Yes    For    For

11

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

12

   Approve Remuneration Report    Mgmt    Yes    For    For

13

   Approve Remuneration Policy    Mgmt    Yes    For    For

14

   Approve 2015 Deferred Stock Plan    Mgmt    Yes    For    For

15

   Approve 2015 Long-Term Incentive Plan    Mgmt    Yes    For    For

16

   Approve 2015 Executive Share Option Plan    Mgmt    Yes    For    For

17

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

20

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Buzzi Unicem Spa

 

Meeting Date: 05/08/2015   Country: Italy   Primary Security ID: T2320M109
Record Date: 04/28/2015   Meeting Type: Annual   Ticker: BZU
         
Primary CUSIP: T2320M109   Primary ISIN: IT0001347308   Primary SEDOL: 5782206
         
  Shares Voted: 144,268  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements, Statutory Reports, and Allocation of Income    Mgmt    Yes    For    For

2

   Authorize Share Repurchase Program and Reissuance of Repurchased Shares    Mgmt    Yes    For    For

3

   Amend Regulations on General Meetings    Mgmt    Yes    For    For

4

   Approve Remuneration Report    Mgmt    Yes    For    For

Schibsted ASA

 

Meeting Date: 05/08/2015   Country: Norway   Primary Security ID: R75677105
Record Date:   Meeting Type: Annual   Ticker: SCH
         
Primary CUSIP: R75677105   Primary ISIN: NO0003028904   Primary SEDOL: 4790534
         
Not voted due to shareblocking restrictions. The potential impact on trading/loan share activities would outweigh the economic value of the vote.
  Shares Voted: 0  
           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Elect Chairman of Meeting    Mgmt    Yes    For    Do Not Vote

2

   Approve Notice of Meeting and Agenda    Mgmt    Yes    For    Do Not Vote

3

   Designate Inspector(s) of Minutes of Meeting    Mgmt    Yes    For    Do Not Vote

4

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    Do Not Vote

5

   Approve Allocation of Income and Dividends of NOK 3.50 Per Share    Mgmt    Yes    For    Do Not Vote

6

   Approve Remuneration of Auditors    Mgmt    Yes    For    Do Not Vote

7

   Authorize Share Repurchase Program and Reissuance of Repurchased Shares    Mgmt    Yes    For    Do Not Vote

8

   Receive Report from Nominating Committee    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Schibsted ASA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

9

   Approve Remuneration Policy And Other Terms of Employment For Executive Management    Mgmt    Yes    For    Do Not Vote

10a

   Elect Eva Berneke as Director    Mgmt    Yes    For    Do Not Vote

10b

   Elect Tanya Cordrey as Director    Mgmt    Yes    For    Do Not Vote

10c

   Elect Arnaud de Puyfontaine as Director    Mgmt    Yes    For    Do Not Vote

10d

   Elect Christian Ringnes as Director    Mgmt    Yes    For    Do Not Vote

10e

   Elect Birger Steen as Director    Mgmt    Yes    For    Do Not Vote

10f

   Elect Eugenie van Wiechen as Director    Mgmt    Yes    For    Do Not Vote

11

   Approve Remuneration of Directors in the Amount of NOK 800,000 for the Chairman and NOK 375,000 for Other Directors; Approve Remuneration for Committee Work; Approve Meeting Fees    Mgmt    Yes    For    Do Not Vote

12

   Approve Remuneration of Nominating Committee    Mgmt    Yes    For    Do Not Vote

13a

   Elect John Rein (Chair) as Member of Nominating Committee    Mgmt    Yes    For    Do Not Vote

13b

   Elect Spencer Adair as Member of Nominating Committee    Mgmt    Yes    For    Do Not Vote

13c

   Elect Ann Brautaset as Member of Nominating Committee    Mgmt    Yes    For    Do Not Vote

14

   Grant Power of Attorney to Board Pursuant to Article 7    Mgmt    Yes    For    Do Not Vote

15

   Approve Creation of New Share Class through Share Split    Mgmt    Yes    For    Do Not Vote

16

   Approve Creation of NOK 5.4 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    Do Not Vote


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

ConocoPhillips

 

Meeting Date: 05/12/2015   Country: USA   Primary Security ID: 20825C104
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: COP
         
Primary CUSIP: 20825C104   Primary ISIN: US20825C1045   Primary SEDOL: 2685717
         
  Shares Voted: 587,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Richard L. Armitage    Mgmt    Yes    For    For

1b

   Elect Director Richard H. Auchinleck    Mgmt    Yes    For    For

1c

   Elect Director Charles E. Bunch    Mgmt    Yes    For    For

1d

   Elect Director James E. Copeland, Jr.    Mgmt    Yes    For    For

1e

   Elect Director John V. Faraci    Mgmt    Yes    For    For

1f

   Elect Director Jody L. Freeman    Mgmt    Yes    For    For

1g

   Elect Director Gay Huey Evans    Mgmt    Yes    For    For

1h

   Elect Director Ryan M. Lance    Mgmt    Yes    For    For

1i

   Elect Director Arjun N. Murti    Mgmt    Yes    For    For

1j

   Elect Director Robert A. Niblock    Mgmt    Yes    For    For

1k

   Elect Director Harald J. Norvik    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Pro-rata Vesting of Equity Plan    SH    Yes    Against    Against

6

   Remove or Adjust Reserve Metrics used for Executive Compensation    SH    Yes    Against    Against

7

   Adopt Proxy Access Right    SH    Yes    Against    Against

Sol Spa

 

Meeting Date: 05/12/2015   Country: Italy   Primary Security ID: T8711D103
Record Date: 04/30/2015   Meeting Type: Annual   Ticker: SOL
         
Primary CUSIP: T8711D103   Primary ISIN: IT0001206769   Primary SEDOL: 5490684
         
  Shares Voted: 4,795,392  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements, Statutory Reports, and Allocation of Income    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration of Directors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

TT electronics plc

 

Meeting Date: 05/12/2015   Country: United Kingdom   Primary Security ID: G91159106
Record Date: 05/10/2015   Meeting Type: Annual   Ticker: TTG
         
Primary CUSIP: G91159106   Primary ISIN: GB0008711763   Primary SEDOL: 0871176
         
  Shares Voted: 4,891,800  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Elect Richard Tyson as Director    Mgmt    Yes    For    For

5

   Elect Mark Hoad as Director    Mgmt    Yes    For    For

6

   Re-elect Sean Watson as Director    Mgmt    No      

7

   Re-elect John Shakeshaft as Director    Mgmt    Yes    For    For

8

   Re-elect Michael Baunton as Director    Mgmt    Yes    For    For

9

   Re-elect Stephen King as Director    Mgmt    Yes    For    For

10

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

11

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

12

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

13

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

14

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

15

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

National Oilwell Varco, Inc.

 

Meeting Date: 05/13/2015   Country: USA   Primary Security ID: 637071101
Record Date: 04/01/2015   Meeting Type: Annual   Ticker: NOV
         
Primary CUSIP: 637071101   Primary ISIN: US6370711011   Primary SEDOL: 2624486
         
  Shares Voted: 132,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1A

   Elect Director Clay C. Williams    Mgmt    Yes    For    For

1B

   Elect Director Greg L. Armstrong    Mgmt    Yes    For    For

1C

   Elect Director Robert E. Beauchamp    Mgmt    Yes    For    For

1D

   Elect Director Marcela E. Donadio    Mgmt    Yes    For    For

1E

   Elect Director Ben A. Guill    Mgmt    Yes    For    For

1F

   Elect Director David D. Harrison    Mgmt    Yes    For    For

1G

   Elect Director Roger L. Jarvis    Mgmt    Yes    For    For

1H

   Elect Director Eric L. Mattson    Mgmt    Yes    For    For

1I

   Elect Director Jeffery A. Smisek    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

Hengdeli Holdings Ltd.

 

Meeting Date: 05/15/2015   Country: Cayman Islands   Primary Security ID: G45048108
Record Date: 05/12/2015   Meeting Type: Annual   Ticker: 03389
         
Primary CUSIP: G45048108   Primary ISIN: KYG450481083   Primary SEDOL: B1QDWP8
         
  Shares Voted: 28,128,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3a

   Elect Huang Yonghua as Director and Authorize Board to Fix Director’s Remuneration    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Hengdeli Holdings Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3b

   Elect Lee Shu Chung Stan as Director and Authorize Board to Fix Director’s Remuneration    Mgmt    Yes    For    For

3c

   Elect Liu Xueling as Director and Authorize Board to Fix Director’s Remuneration    Mgmt    Yes    For    For

4

   Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

5A

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

5B

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

6

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For

7

   Adopt New Share Option Scheme and Terminate Existing Share Option Scheme    Mgmt    Yes    For    For

Logan International Inc

 

Meeting Date: 05/15/2015   Country: Canada   Primary Security ID: 54100T102
Record Date: 04/01/2015   Meeting Type: Annual/Special   Ticker: LII
         
Primary CUSIP: 54100T102   Primary ISIN: CA54100T1021   Primary SEDOL: B0738D0
         
  Shares Voted: 179,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Paul McDermott    Mgmt    Yes    For    For

1.2

   Elect Director David MacNeill    Mgmt    Yes    For    For

1.3

   Elect Director David Barr    Mgmt    Yes    For    For

1.4

   Elect Director Ian Bruce    Mgmt    Yes    For    For

1.5

   Elect Director David Coppe    Mgmt    Yes    For    For

1.6

   Elect Director David Kennedy    Mgmt    Yes    For    For

1.7

   Elect Director Jamie Biluk    Mgmt    Yes    For    For

2

   Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

3

   Re-approve Stock Option Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Ekornes ASA

 

Meeting Date: 05/18/2015   Country: Norway   Primary Security ID: R20126109
Record Date:   Meeting Type: Annual   Ticker: EKO
         
Primary CUSIP: R20126109   Primary ISIN: NO0003035305   Primary SEDOL: 5211261
         
Not voted due to shareblocking restrictions. The potential impact on trading/loan share activities would outweigh the economic value of the vote.
  Shares Voted: 0  
           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Open Meeting; Registration of Attending Shareholders and Proxies    Mgmt    No      

2

   Elect Chairman of Meeting; Designate Inspector(s) of Minutes of Meeting    Mgmt    Yes    For    Do Not Vote

3

   Approve Notice of Meeting and Agenda    Mgmt    Yes    For    Do Not Vote

4

   Accept Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of NOK 4.00 Per Share    Mgmt    Yes    For    Do Not Vote

5

   Approve Remuneration Policy And Other Terms of Employment For Executive Management    Mgmt    Yes    For    Do Not Vote

6

   Approve Remuneration of Directors in the Amount of NOK 350,00 for Chairman, NOK 140,000 for Vice Chairman, and NOK 130,000 for Other Directors; Approve Remuneration of Nomination Committee    Mgmt    Yes    For    Do Not Vote

7

   Approve Remuneration of Auditors    Mgmt    Yes    For    Do Not Vote

8a

   Reelect Kjersti Kleven as Director    Mgmt    Yes    For    Do Not Vote

8b

   Reelect Nora Larssen as Director    Mgmt    Yes    For    Do Not Vote

9a

   Elect Tomas Billing as Member of Nominating Committee    Mgmt    Yes    For    Do Not Vote

9b

   Elect Olav Fiskerstrand as Member of Nominating Committee    Mgmt    Yes    For    Do Not Vote

9c

   Elect Marianne Johnsen as Member of Nominating Committee    Mgmt    Yes    For    Do Not Vote

10

   Authorize Share Repurchase Program and Reissuance of Repurchased Shares    Mgmt    Yes    For    Do Not Vote


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Royal Dutch Shell plc

 

Meeting Date: 05/19/2015   Country: United Kingdom   Primary Security ID: G7690A100
Record Date: 05/15/2015   Meeting Type: Annual   Ticker: RDSA
         
Primary CUSIP: G7690A118   Primary ISIN: GB00B03MLX29   Primary SEDOL: B03MLX2
         
  Shares Voted: 6,123,279  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Management Proposals    Mgmt    No      

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Re-elect Ben van Beurden as Director    Mgmt    Yes    For    For

4

   Re-elect Guy Elliott as Director    Mgmt    Yes    For    For

5

   Re-elect Euleen Goh as Director    Mgmt    Yes    For    For

6

   Re-elect Simon Henry as Director    Mgmt    Yes    For    For

7

   Re-elect Charles Holliday as Director    Mgmt    Yes    For    For

8

   Re-elect Gerard Kleisterlee as Director    Mgmt    Yes    For    For

9

   Re-elect Sir Nigel Sheinwald as Director    Mgmt    Yes    For    For

10

   Re-elect Linda Stuntz as Director    Mgmt    Yes    For    For

11

   Re-elect Hans Wijers as Director    Mgmt    Yes    For    For

12

   Re-elect Patricia Woertz as Director    Mgmt    Yes    For    For

13

   Re-elect Gerrit Zalm as Director    Mgmt    Yes    For    For

14

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

19

   Approve Scrip Dividend Scheme    Mgmt    Yes    For    For

20

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For
   Shareholder Proposal    Mgmt    No      

21

   Approve Strategic Resilience for 2035 and Beyond    SH    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Antofagasta plc

 

Meeting Date: 05/20/2015   Country: United Kingdom   Primary Security ID: G0398N128
Record Date: 05/18/2015   Meeting Type: Annual   Ticker: ANTO
         
Primary CUSIP: G0398N128   Primary ISIN: GB0000456144   Primary SEDOL: 0045614
         
  Shares Voted: 13,373,500  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Re-elect Jean-Paul Luksic as Director    Mgmt    Yes    For    For

5

   Re-elect William Hayes as Director    Mgmt    Yes    For    For

6

   Re-elect Gonzalo Menendez as Director    Mgmt    Yes    For    For

7

   Re-elect Ramon Jara as Director    Mgmt    Yes    For    For

8

   Re-elect Juan Claro as Director    Mgmt    Yes    For    For

9

   Re-elect Hugo Dryland as Director    Mgmt    Yes    For    For

10

   Re-elect Tim Baker as Director    Mgmt    Yes    For    For

11

   Re-elect Ollie Oliveira as Director    Mgmt    Yes    For    For

12

   Re-elect Andronico Luksic as Director    Mgmt    Yes    For    For

13

   Re-elect Vivianne Blanlot as Director    Mgmt    Yes    For    For

14

   Elect Jorge Bande as Director    Mgmt    Yes    For    For

15

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

16

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

17

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

20

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Halliburton Company

 

Meeting Date: 05/20/2015   Country: USA   Primary Security ID: 406216101
Record Date: 03/23/2015   Meeting Type: Annual   Ticker: HAL
         
Primary CUSIP: 406216101   Primary ISIN: US4062161017   Primary SEDOL: 2405302
         
  Shares Voted: 1,852,170  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Abdulaziz F. Al Khayyal    Mgmt    Yes    For    For

1.2

   Elect Director Alan M. Bennett    Mgmt    Yes    For    For

1.3

   Elect Director James R. Boyd    Mgmt    Yes    For    For

1.4

   Elect Director Milton Carroll    Mgmt    Yes    For    For

1.5

   Elect Director Nance K. Dicciani    Mgmt    Yes    For    For

1.6

   Elect Director Murry S. Gerber    Mgmt    Yes    For    For

1.7

   Elect Director Jose C. Grubisich    Mgmt    Yes    For    For

1.8

   Elect Director David J. Lesar    Mgmt    Yes    For    For

1.9

   Elect Director Robert A. Malone    Mgmt    Yes    For    For

1.10

   Elect Director J. Landis Martin    Mgmt    Yes    For    For

1.11

   Elect Director Jeffrey A. Miller    Mgmt    Yes    For    For

1.12

   Elect Director Debra L. Reed    Mgmt    Yes    For    For

2

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Amend Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Amend Qualified Employee Stock Purchase Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Headlam Group plc

 

Meeting Date: 05/21/2015   Country: United Kingdom   Primary Security ID: G43680100
Record Date: 05/19/2015   Meeting Type: Annual   Ticker: HEAD
         
Primary CUSIP: G43680100   Primary ISIN: GB0004170089   Primary SEDOL: 0417008
         
  Shares Voted: 1,397,625  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Re-elect Steve Wilson as Director    Mgmt    Yes    For    For

4

   Re-elect Dick Peters as Director    Mgmt    Yes    For    For

5

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

6

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

7

   Approve Remuneration Report    Mgmt    Yes    For    For

8

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

9

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

10

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

11

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Phoenix Mecano

 

Meeting Date: 05/22/2015   Country: Switzerland   Primary Security ID: H62034121
Record Date:   Meeting Type: Annual   Ticker: PM
         
Primary CUSIP: H62034121   Primary ISIN: CH0002187810   Primary SEDOL: 4687595
         
  Shares Voted: 68,640  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 15.00 per Share    Mgmt    Yes    For    For

4.1.1

   Reelect Ulrich Hocker as Director and Board Chairman    Mgmt    Yes    For    For

4.1.2

   Reelect Florian Ernst as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Phoenix Mecano

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1.3

   Reelect Martin Furrer as Director    Mgmt    Yes    For    For

4.1.4

   Reelect Benedikt Goldkamp as Director    Mgmt    Yes    For    For

4.1.5

   Reelect Beat Siegrist as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Martin Furrer as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Ulrich Hocker as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Beat Siegrist as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3

   Designate Hans Rudi Alder as Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify KPMG AG as Auditors    Mgmt    Yes    For    For

5.1

   Approve Remuneration Report    Mgmt    Yes    For    For

5.2

   Approve Remuneration of Directors in the Amount of CHF 600,000    Mgmt    Yes    For    For

5.3

   Approve Remuneration of Executive Committee in the Amount of CHF 5.6 Million    Mgmt    Yes    For    For

6

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Luen Thai Holdings Ltd.

 

Meeting Date: 05/26/2015   Country: Cayman Islands   Primary Security ID: G5697P104
Record Date: 05/20/2015   Meeting Type: Annual   Ticker: 00311
         
Primary CUSIP: G5697P104   Primary ISIN: KYG5697P1046   Primary SEDOL: B01RLR3
         
  Shares Voted: 1,480,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Elect Tan Siu Lin as Director    Mgmt    Yes    For    For

4

   Elect Tan Henry as Director    Mgmt    Yes    For    For

5

   Elect Mok Siu Wan, Anne as Director    Mgmt    Yes    For    For

6

   Authorize Board to Fix Remuneration of Directors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Luen Thai Holdings Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

7

   Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

8

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

9

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

10

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For

NOW Inc.

 

Meeting Date: 05/27/2015   Country: USA   Primary Security ID: 67011P100
Record Date: 04/09/2015   Meeting Type: Annual   Ticker: DNOW
         
Primary CUSIP: 67011P100   Primary ISIN: US67011P1003   Primary SEDOL: BMH0MV1
         
  Shares Voted: 33,225  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1A

   Elect Director Terry Bonno    Mgmt    Yes    For    For

1B

   Elect Director Galen Cobb    Mgmt    Yes    For    For

1C

   Elect Director James Crandell    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Advisory Vote on Say on Pay Frequency    Mgmt    Yes    One Year    One Year

5

   Approve Executive Incentive Bonus Plan    Mgmt    Yes    For    For

Vallourec

 

Meeting Date: 05/28/2015   Country: France   Primary Security ID: F95922104
Record Date: 05/25/2015   Meeting Type: Annual/Special   Ticker: VK
         
Primary CUSIP: F95922104   Primary ISIN: FR0000120354   Primary SEDOL: B197DR6
         
  Shares Voted: 4,203,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Vallourec

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.81 per Share    Mgmt    Yes    For    For

4

   Approve Stock Dividend Program (Cash or New Shares)    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Philippe Crouzet, Chairman of the Management Board    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Jean Pierre Michel and Olivier Mallet, Members of the Management Board    Mgmt    Yes    For    For

7

   Ratify Appointment of Pierre Pringuet as Supervisory Board Member    Mgmt    Yes    For    For

8

   Reelect Pascale Chargrasse as Supervisory Board Member    Mgmt    Yes    For    For

9

   Elect Philippe Altuzarra as Supervisory Board Member    Mgmt    Yes    For    For

10

   Elect Maria Pilar Albiac Murilol as Supervisory Board Member    Mgmt    Yes    For    For

11

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

12

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 104.48 Million    Mgmt    Yes    For    For

13

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 26.12 Million    Mgmt    Yes    For    For

14

   Approve Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 26.12 Million    Mgmt    Yes    For    For

15

   Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights under Items 13 and 14    Mgmt    Yes    For    For

16

   Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above under Items 12-15    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Vallourec

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

17

   Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind    Mgmt    Yes    For    For

18

   Authorize Capital Increase of Up to EUR 26.12 Million for Future Exchange Offers    Mgmt    Yes    For    For

19

   Authorize Issuance of Equity upon Conversion of a Subsidiary’s Equity-Linked Securities for Up to EUR 26.12 Million    Mgmt    Yes    For    For

20

   Authorize Capitalization of Reserves of Up to EUR 78.36 Million for Bonus Issue or Increase in Par Value    Mgmt    Yes    For    For

21

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

22

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries    Mgmt    Yes    For    For

23

   Approve Employee Indirect Stock Purchase Plan for International Employees    Mgmt    Yes    For    For

24

   Approve Restricted Stock Plan in Connection with Employee Stock Plan    Mgmt    Yes    For    For

25

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

26

   Amend Article 12 of Bylaws Re: Attendance at General Meetings    Mgmt    Yes    For    For

27

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For

Total SA

 

Meeting Date: 05/29/2015   Country: France   Primary Security ID: F92124100
Record Date: 05/26/2015   Meeting Type: Annual   Ticker: FP
         
Primary CUSIP: F92124100   Primary ISIN: FR0000120271   Primary SEDOL: B15C557
         
  Shares Voted: 4,713,440  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Total SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3

   Approve Allocation of Income and Dividends of EUR 2.44 per Share    Mgmt    Yes    For    For

4

   Approve Stock Dividend Program (Cash or New Shares)    Mgmt    Yes    For    For

5

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6

   Reelect Patrick Artus as Director    Mgmt    Yes    For    For

7

   Reelect Anne-Marie Idrac as Director    Mgmt    Yes    For    For

8

   Elect Patrick Pouyanne as Director    Mgmt    Yes    For    For

9

   Approve Agreement with Patrick Pouyanne, CEO    Mgmt    Yes    For    For

10

   Advisory Vote on Compensation of Thierry Desmarest, Chairman since Oct. 22, 2014    Mgmt    Yes    For    For

11

   Advisory Vote on Compensation of Patrick Pouyanne, CEO since Oct. 22, 2014    Mgmt    Yes    For    For

12

   Advisory Vote on Compensation of Christophe de Margerie, CEO and Chairman until Oct. 20, 2014    Mgmt    Yes    For    For
   Shareholder Proposal Submitted by UES Amont Total Workers’ Council    Mgmt    No      

A

   Address the Matter of a Fair Sharing of Costs between Shareholders and Company Employees    SH    Yes    Against    Against

Devon Energy Corporation

 

Meeting Date: 06/03/2015   Country: USA   Primary Security ID: 25179M103
Record Date: 04/06/2015   Meeting Type: Annual   Ticker: DVN
         
Primary CUSIP: 25179M103   Primary ISIN: US25179M1036   Primary SEDOL: 2480677
         
  Shares Voted: 1,258,435  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Barbara M. Baumann    Mgmt    Yes    For    For

1.2

   Elect Director John E. Bethancourt    Mgmt    Yes    For    For

1.3

   Elect Director Robert H. Henry    Mgmt    Yes    For    For

1.4

   Elect Director Michael M. Kanovsky    Mgmt    Yes    For    For

1.5

   Elect Director Robert A. Mosbacher, Jr.    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Devon Energy Corporation

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.6

   Elect Director J. Larry Nichols    Mgmt    Yes    For    For

1.7

   Elect Director Duane C. Radtke    Mgmt    Yes    For    For

1.8

   Elect Director Mary P. Ricciardello    Mgmt    Yes    For    For

1.9

   Elect Director John Richels    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

4

   Approve Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Adopt Proxy Access Right    SH    Yes    Against    Against

6

   Review Public Policy Advocacy on Climate Change    SH    Yes    Against    Against

7

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

8

   Report on Financial Risks of Climate Change    SH    Yes    Against    Against

Google Inc.

 

Meeting Date: 06/03/2015   Country: USA   Primary Security ID: 38259P706
Record Date: 04/06/2015   Meeting Type: Annual   Ticker: GOOG
         
Primary CUSIP: 38259P706   Primary ISIN: US38259P7069   Primary SEDOL: BKM4JZ7
         
  Shares Voted: 76,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Larry Page    Mgmt    Yes    For    For

1.2

   Elect Director Sergey Brin    Mgmt    Yes    For    For

1.3

   Elect Director Eric E. Schmidt    Mgmt    Yes    For    For

1.4

   Elect Director L. John Doerr    Mgmt    Yes    For    For

1.5

   Elect Director Diane B. Greene    Mgmt    Yes    For    For

1.6

   Elect Director John L. Hennessy    Mgmt    Yes    For    For

1.7

   Elect Director Ann Mather    Mgmt    Yes    For    For

1.8

   Elect Director Alan R. Mulally    Mgmt    Yes    For    For

1.9

   Elect Director Paul S. Otellini    Mgmt    Yes    For    For

1.10

   Elect Director K. Ram Shriram    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Google Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.11

   Elect Director Shirley M. Tilghman    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Amend Omnibus Stock Plan    Mgmt    Yes    For    Against

4

   Approve Recapitalization Plan for all Stock to Have One-vote per Share    SH    Yes    Against    For

5

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

6

   Require a Majority Vote for the Election of Directors    SH    Yes    Against    For

7

   Report on Costs of Renewable Energy Investments    SH    Yes    Against    Against

8

   Report on Risks Associated with Repeal of Climate Change Policies    SH    Yes    Against    Against

G4S plc

 

Meeting Date: 06/04/2015   Country: United Kingdom   Primary Security ID: G39283109
Record Date: 06/02/2015   Meeting Type: Annual   Ticker: GFS
         
Primary CUSIP: G39283109   Primary ISIN: GB00B01FLG62   Primary SEDOL: B01FLG6
         
  Shares Voted: 34,963,150  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Re-elect Ashley Almanza as Director    Mgmt    Yes    For    For

5

   Re-elect John Connolly as Director    Mgmt    Yes    For    For

6

   Re-elect Adam Crozier as Director    Mgmt    Yes    For    For

7

   Re-elect Mark Elliott as Director    Mgmt    Yes    For    For

8

   Re-elect Winnie Kin Wah Fok as Director    Mgmt    Yes    For    For

9

   Re-elect Himanshu Raja as Director    Mgmt    Yes    For    For

10

   Re-elect Paul Spence as Director    Mgmt    Yes    For    For

11

   Re-elect Clare Spottiswoode as Director    Mgmt    Yes    For    For

12

   Re-elect Tim Weller as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

G4S plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

13

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

14

   Authorise the Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

15

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

16

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

18

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

19

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Miramar Hotel & Investment Co., Ltd.

 

Meeting Date: 06/10/2015   Country: Hong Kong   Primary Security ID: Y60757138
Record Date: 06/05/2015   Meeting Type: Annual   Ticker: 00071
         
Primary CUSIP: Y60757138   Primary ISIN: HK0071000456   Primary SEDOL: 6596451
         
  Shares Voted: 59,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3a

   Elect Timpson Chung Shui Ming as Director    Mgmt    Yes    For    For

3b

   Elect Norman Ho Hau Chong as Director    Mgmt    Yes    For    For

3c

   Elect Colin Lam Ko Yin as Director    Mgmt    Yes    For    For

3d

   Elect Thomas Liang Cheung Biu as Director    Mgmt    Yes    For    For

3e

   Elect Howard Yeung Ping Leung as Director    Mgmt    Yes    For    For

4

   Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

5

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

6

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

7

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Honda Motor Co. Ltd.

 

Meeting Date: 06/17/2015   Country: Japan   Primary Security ID: J22302111
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 7267
         
Primary CUSIP: J22302111   Primary ISIN: JP3854600008   Primary SEDOL: 6435145
         
  Shares Voted: 1,368,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Allocation of Income, with a Final Dividend of JPY 22    Mgmt    Yes    For    For

2.1

   Elect Director Ike, Fumihiko    Mgmt    Yes    For    For

2.2

   Elect Director Ito, Takanobu    Mgmt    Yes    For    For

2.3

   Elect Director Iwamura, Tetsuo    Mgmt    Yes    For    For

2.4

   Elect Director Fukuo, Koichi    Mgmt    Yes    For    For

2.5

   Elect Director Matsumoto, Yoshiyuki    Mgmt    Yes    For    For

2.6

   Elect Director Yamane, Yoshi    Mgmt    Yes    For    For

2.7

   Elect Director Hachigo, Takahiro    Mgmt    Yes    For    For

2.8

   Elect Director Yoshida, Masahiro    Mgmt    Yes    For    For

2.9

   Elect Director Takeuchi, Kohei    Mgmt    Yes    For    For

2.10

   Elect Director Kuroyanagi, Nobuo    Mgmt    Yes    For    For

2.11

   Elect Director Kunii, Hideko    Mgmt    Yes    For    For

2.12

   Elect Director Aoyama, Shinji    Mgmt    Yes    For    For

2.13

   Elect Director Kaihara, Noriya    Mgmt    Yes    For    For

2.14

   Elect Director Igarashi, Masayuki    Mgmt    Yes    For    For

3.1

   Appoint Statutory Auditor Takaura, Hideo    Mgmt    Yes    For    For

3.2

   Appoint Statutory Auditor Tamura, Mayumi    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Krones AG

 

Meeting Date: 06/17/2015   Country: Germany   Primary Security ID: D47441171
Record Date: 05/26/2015   Meeting Type: Annual   Ticker: KRN
         
Primary CUSIP: D47441171   Primary ISIN: DE0006335003   Primary SEDOL: 5523881
         
  Shares Voted: 652,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 1.25 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Ratify KPMG Bayerische Treuhandgesellschaft AG as Auditors for Fiscal 2015    Mgmt    Yes    For    For

Mandom Corp.

 

Meeting Date: 06/23/2015   Country: Japan   Primary Security ID: J39659107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 4917
         
Primary CUSIP: J39659107   Primary ISIN: JP3879400004   Primary SEDOL: 6560973
         
  Shares Voted: 69,100  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Allocation of Income, with a Final Dividend of JPY 39    Mgmt    Yes    For    For

2

   Amend Articles to Indemnify Directors - Indemnify Statutory Auditors    Mgmt    Yes    For    For

3.1

   Elect Director Nishimura, Motonobu    Mgmt    Yes    For    For

3.2

   Elect Director Momota, Masayoshi    Mgmt    Yes    For    For

3.3

   Elect Director Terabayashi, Ryuichi    Mgmt    Yes    For    For

3.4

   Elect Director Kitamura, Tatsuyoshi    Mgmt    Yes    For    For

3.5

   Elect Director Nakajima, Satoshi    Mgmt    Yes    For    For

3.6

   Elect Director Nagao, Satoshi    Mgmt    Yes    For    For

4

   Appoint Alternate Statutory Auditor Asada, Kazuyuki    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Lintec Corp.

 

Meeting Date: 06/24/2015   Country: Japan   Primary Security ID: J13776109
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 7966
         
Primary CUSIP: J13776109   Primary ISIN: JP3977200009   Primary SEDOL: 6330080
         
  Shares Voted: 73,800  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Amend Articles to Amend Business Lines - Adopt Board Structure with Audit Committee - Authorize Directors to Execute Day to Day Operations without Full Board Approval - Increase Maximum Board Size - Indemnify Directors    Mgmt    Yes    For    For

2.1

   Elect Director Ouchi, Akihiko    Mgmt    Yes    For    For

2.2

   Elect Director Nishio, Hiroyuki    Mgmt    Yes    For    For

2.3

   Elect Director Asai, Hitoshi    Mgmt    Yes    For    For

2.4

   Elect Director Kawasaki, Shigeru    Mgmt    Yes    For    For

2.5

   Elect Director Koyama, Koji    Mgmt    Yes    For    For

2.6

   Elect Director Ebe, Kazuyoshi    Mgmt    Yes    For    For

2.7

   Elect Director Nakamura, Takashi    Mgmt    Yes    For    For

2.8

   Elect Director Kawamura, gohei    Mgmt    Yes    For    For

2.9

   Elect Director Mochizuki, Tsunetoshi    Mgmt    Yes    For    For

2.10

   Elect Director Morikawa, Shuji    Mgmt    Yes    For    For

2.11

   Elect Director Hattori, Makoto    Mgmt    Yes    For    For

2.12

   Elect Director Sato, Shinichi    Mgmt    Yes    For    For

3.1

   Elect Director and Audit Committee Member Yamamoto, Toshio    Mgmt    Yes    For    For

3.2

   Elect Director and Audit Committee Member Nozawa, Toru    Mgmt    Yes    For    Against

3.3

   Elect Director and Audit Committee Member Ooka, Satoshi    Mgmt    Yes    For    For

3.4

   Elect Director and Audit Committee Member osawa, Kanako    Mgmt    Yes    For    For

4

   Approve Aggregate Compensation Ceiling for Directors Who Are Not Audit Committee Members    Mgmt    Yes    For    For

5

   Approve Aggregate Compensation Ceiling for Directors Who Are Audit Committee Members    Mgmt    Yes    For    For

6

   Approve Takeover Defense Plan (Poison Pill)    Mgmt    Yes    For    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Shinko Shoji Co. Ltd.

 

Meeting Date: 06/24/2015   Country: Japan   Primary Security ID: J73369118
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 8141
         
Primary CUSIP: J73369118   Primary ISIN: JP3374200008   Primary SEDOL: 6804972
         
  Shares Voted: 400,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Kitai, Akio    Mgmt    Yes    For    For

1.2

   Elect Director Ogawa, Tatsuya    Mgmt    Yes    For    For

1.3

   Elect Director Sasaki, Takamichi    Mgmt    Yes    For    For

1.4

   Elect Director Inaba, Junichi    Mgmt    Yes    For    For

1.5

   Elect Director Masaki, Teru    Mgmt    Yes    For    For

1.6

   Elect Director Yuge, Fumitaka    Mgmt    Yes    For    For

1.7

   Elect Director Hosono, Katsuhiro    Mgmt    Yes    For    For

1.8

   Elect Director Miyazawa, Kiyotaka    Mgmt    Yes    For    For

1.9

   Elect Director Oura, Toshio    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Yanai, Ginjiro    Mgmt    Yes    For    For

3

   Approve Aggregate Compensation Ceilings for Directors and Equity Compensation Plan    Mgmt    Yes    For    For

Daegu Department Store Co.

 

Meeting Date: 06/26/2015   Country: South Korea   Primary Security ID: Y2156T107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 006370
         
Primary CUSIP: Y2156T107   Primary ISIN: KR7006370001   Primary SEDOL: 6249294
         
  Shares Voted: 150,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

2

   Amend Articles of Incorporation    Mgmt    Yes    For    For

3.1

   Elect Choi Jung-Sook as Inside Director    Mgmt    Yes    For    For

3.2

   Elect Kwon Tae-Ri as Outside Director    Mgmt    Yes    For    For

3.3

   Elect Kim Sang-Hee as Outside Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Daegu Department Store Co.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1

   Elect Lee Sun-Woo as Member of Audit Committee    Mgmt    Yes    For    For

4.2

   Elect Kwon Tae-Ri as Member of Audit Committee    Mgmt    Yes    For    For

4.3

   Elect Kim Sang-Hee as Member of Audit Committee    Mgmt    Yes    For    For

5

   Approve Total Remuneration of Inside Directors and Outside Directors    Mgmt    Yes    For    For

Kuroda Electric Co. Ltd.

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J37254109
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 7517
         
Primary CUSIP: J37254109   Primary ISIN: JP3273000004   Primary SEDOL: 6504584
         
  Shares Voted: 369,400  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Kaneko, Takashi    Mgmt    Yes    For    For

1.2

   Elect Director Kuroda, Nobuyuki    Mgmt    Yes    For    For

1.3

   Elect Director Hosokawa, Koichi    Mgmt    Yes    For    For

1.4

   Elect Director Tsuneyama, Kunio    Mgmt    Yes    For    For

1.5

   Elect Director Okada, Shigetoshi    Mgmt    Yes    For    For

1.6

   Elect Director Yamashita, Atsushi    Mgmt    Yes    For    For

2

   Elect Alternate Director Saito, Teruo    Mgmt    Yes    For    For

NGK Spark Plug Co. Ltd.

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J49119100
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 5334
         
Primary CUSIP: J49119100   Primary ISIN: JP3738600000   Primary SEDOL: 6619604
         
  Shares Voted: 1,443,500  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Odo, Shinichi    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

NGK Spark Plug Co. Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.2

   Elect Director Oshima, Takafumi    Mgmt    Yes    For    For

1.3

   Elect Director Shibagaki, Shinji    Mgmt    Yes    For    For

1.4

   Elect Director Kawajiri, Shogo    Mgmt    Yes    For    For

1.5

   Elect Director Nakagawa, Takeshi    Mgmt    Yes    For    For

1.6

   Elect Director Okawa, Teppei    Mgmt    Yes    For    For

1.7

   Elect Director Okuyama, Masahiko    Mgmt    Yes    For    For

1.8

   Elect Director Kawai, Takeshi    Mgmt    Yes    For    For

1.9

   Elect Director Otaki, Morihiko    Mgmt    Yes    For    For

1.10

   Elect Director Yasui, Kanemaru    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Mizuno, Fumio    Mgmt    Yes    For    For

Nippon Kanzai Co. Ltd.

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J54150107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 9728
         
Primary CUSIP: J54150107   Primary ISIN: JP3695000004   Primary SEDOL: 6639549
         
  Shares Voted: 162,780  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Allocation of Income, with a Final Dividend of JPY 28    Mgmt    Yes    For    For

2

   Amend Articles to Abolish Board Structure with Statutory Auditors - Adopt Board Structure with Audit Committee - Authorize Directors to Execute Day to Day Operations without Full Board Approval - Increase Maximum Board Size - Indemnify Directors    Mgmt    Yes    For    For

3.1

   Elect Director Fukuda, Takeshi    Mgmt    Yes    For    For

3.2

   Elect Director Fukuda, Shintaro    Mgmt    Yes    For    For

3.3

   Elect Director Yasuda, Mamoru    Mgmt    Yes    For    For

3.4

   Elect Director Tokuyama, Yoshikazu    Mgmt    Yes    For    For

3.5

   Elect Director Takahashi, Kunio    Mgmt    Yes    For    For

3.6

   Elect Director Jono, Shigeru    Mgmt    Yes    For    For

3.7

   Elect Director Kominami, Hiroshi    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

Nippon Kanzai Co. Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3.8

   Elect Director Amano, Kenji    Mgmt    Yes    For    For

3.9

   Elect Director Nishioka, Nobutoshi    Mgmt    Yes    For    For

3.10

   Elect Director Harada, Yasuhiro    Mgmt    Yes    For    For

3.11

   Elect Director Akai, Toshio    Mgmt    Yes    For    For

3.12

   Elect Director Ohara, Yoshiaki    Mgmt    Yes    For    For

3.13

   Elect Director Wakamatsu, Masahiro    Mgmt    Yes    For    For

4.1

   Elect Director and Audit Committee Member Makino, Hiroshi    Mgmt    Yes    For    For

4.2

   Elect Director and Audit Committee Member Niwa, Kenzo    Mgmt    Yes    For    For

4.3

   Elect Director and Audit Committee Member Yamashita, Yoshiro    Mgmt    Yes    For    For

4.4

   Elect Director and Audit Committee Member Kosuga, Kota    Mgmt    Yes    For    For

5

   Approve Aggregate Compensation Ceilings for Directors Who Are Not Audit Committee Members and Directors Who Are Audit Committee Members    Mgmt    Yes    For    For

6

   Approve Retirement Bonuses and Special Payments Related to Retirement Bonus System Abolition    Mgmt    Yes    For    For

SEC Carbon Ltd.

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J69929107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 5304
         
Primary CUSIP: J69929107   Primary ISIN: JP3161600006   Primary SEDOL: 6763794
         
  Shares Voted: 100,400  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Otani, Tamiaki    Mgmt    Yes    For    For

1.2

   Elect Director Sakon, Keiichi    Mgmt    Yes    For    For

1.3

   Elect Director Ninomiya, Hirofumi    Mgmt    Yes    For    For

1.4

   Elect Director Kinugasa, Hirokazu    Mgmt    Yes    For    For

1.5

   Elect Director Mizutani, Tomo    Mgmt    Yes    For    For

1.6

   Elect Director Tachibana, Hiroshi    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy Browne Global Value Fund

 

SEC Carbon Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.7

   Elect Director Otani, Hisakazu    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Tokuda, Masahide    Mgmt    Yes    For    For

PARAMETERS

Location(s): Tweedy, Browne Company LLC.

Account Group(s): All Account Groups

Institution Account(s): Tweedy Browne Global Value Fund

Custodian Account(s): All Custodian Accounts

Additional Policy: None

ADR Meetings: All Meetings

Ballot Statuses: All Statuses

Contrary Votes: All Votes

Date Format: MM/DD/YYYY

Header Display: Repeat Headers for Any Meeting Split by Multiple Pages

Markets: All Markets

Meeting ID’s: All Meeting ID’s

Meeting Types: All Meeting Types

PoA Markets: All Markets

Proposal Proponents: All Proponents

Rationale: All Rationale

Recommendations: All Recommendations

Record Date Markets: All Markets

Shareblocking Markets: All Markets

Sort Order: Meeting Date, Company Name

Vote Instructions: All Instructions

Voting Policies: All Policies

Zero (0) Share Ballots: Exclude 0 Share Ballots

Account Watchlist: None

Country Watchlist: None

Issuer Watchlist: None

Proposal Code Watchlist: None

Proposal Code Watchlist - Agenda Output: Include Exact Matches Only


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Metro Holdings Ltd.

 

Meeting Date: 07/24/2014   Country: Singapore   Primary Security ID: V62616129
Record Date:   Meeting Type: Annual   Ticker: M01
         
Primary CUSIP: V62616129   Primary ISIN: SG1I11878499   Primary SEDOL: 6211237
         
  Shares Voted: 950,893  

 

           

Proposal

Number

   Proposal Text    Proponent   

Votable

Proposal

   Mgmt Rec   

Vote

Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Declare First and Final Dividend    Mgmt    Yes    For    For

3

   Declare Special Dividend    Mgmt    Yes    For    For

4

   Elect Phua Bah Lee as Director    Mgmt    Yes    For    For

5

   Elect Winston Choo Wee Leong as Director    Mgmt    Yes    For    For

6

   Elect Jopie Ong Hie Koan as Director    Mgmt    Yes    For    For

7

   Elect Tan Soo Khoon as Director    Mgmt    Yes    For    For

8

   Approve Directors’ Fees    Mgmt    Yes    For    For

9

   Reappoint Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

10

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

Metro Holdings Ltd.

 

Meeting Date: 07/24/2014   Country: Singapore   Primary Security ID: V62616129
Record Date:   Meeting Type: Special   Ticker: M01
         
Primary CUSIP: V62616129   Primary ISIN: SG1I11878499   Primary SEDOL: 6211237
         
  Shares Voted: 950,893  

 

           
Proposal
Number
   Proposal Text    Proponent   

Votable

Proposal

   Mgmt Rec   

Vote

Instruction

 

1

   Authorize Share Repurchase Program    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Oriental Watch Holdings Ltd.

 

Meeting Date: 08/12/2014   Country: Bermuda   Primary Security ID: G6773R105
Record Date:   Meeting Type: Annual   Ticker: 00398
         
Primary CUSIP: G6773R105   Primary ISIN: BMG6773R1051   Primary SEDOL: 6660969
         
  Shares Voted: 894,000  

 

           
Proposal
Number
   Proposal Text    Proponent   

Votable

Proposal

   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Declare Final Dividend    Mgmt    Yes    For    For

3a

   Elect Fung Kwong Yiu as Director    Mgmt    Yes    For    For

3b

   Elect Yeung Man Yee, Shirley as Director    Mgmt    Yes    For    For

3c

   Elect Sun Ping Hsu, Samson as Director    Mgmt    Yes    For    For

3d

   Authorize Board to Fix Directors’ Remuneration    Mgmt    Yes    For    For

4

   Appoint Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

5a

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

5b

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

5c

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For

5d

   Amend Bye-laws    Mgmt    Yes    For    For

Tai Cheung Holdings Ltd.

 

Meeting Date: 08/26/2014   Country: Hong Kong   Primary Security ID: G8659B105
Record Date: 08/20/2014   Meeting Type: Annual   Ticker: 00088
         
Primary CUSIP: G8659B105   Primary ISIN: BMG8659B1054   Primary SEDOL: 6869852
         
  Shares Voted: 655,000  

 

           
Proposal
Number
   Proposal Text    Proponent   

Votable

Proposal

   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Declare Final Dividend    Mgmt    Yes    For    For

3a

   Elect Ivy Sau Ching Chan as Director    Mgmt    Yes    For    For

3b

   Elect Joseph Wing Siu Cheung as Director    Mgmt    Yes    For    For

3c

   Authorize Board to Fix Remuneration of Directors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Tai Cheung Holdings Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4

   Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

5

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

7

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For

Metcash Ltd

 

Meeting Date: 08/27/2014   Country: Australia   Primary Security ID: Q6014C106
Record Date: 08/25/2014   Meeting Type: Annual   Ticker: MTS
         
Primary CUSIP: Q6014C106   Primary ISIN: AU000000MTS0   Primary SEDOL: B0744W4
         
  Shares Voted: 536,701  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2a

   Elect Peter Barnes as Director    Mgmt    Yes    For    For

2b

   Elect Mick McMahon as Director    Mgmt    Yes    For    For

2c

   Elect Tonianne Dwyer as Director    Mgmt    Yes    For    For

3

   Approve the Remuneration Report    Mgmt    Yes    For    For

4

   Approve the Grant of Performance Rights to Ian Morrice, Chief Executive Officer of the Company    Mgmt    Yes    For    For

Diageo plc

 

Meeting Date: 09/18/2014   Country: United Kingdom   Primary Security ID: G42089113
Record Date: 09/16/2014   Meeting Type: Annual   Ticker: DGE
         
Primary CUSIP: G42089113   Primary ISIN: GB0002374006   Primary SEDOL: 0237400
         
  Shares Voted: 262,052  

 

           
Proposal
Number
   Proposal Text    Proponent   

Votable

Proposal

   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Diageo plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration Policy    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Peggy Bruzelius as Director    Mgmt    Yes    For    For

6

   Re-elect Laurence Danon as Director    Mgmt    Yes    For    For

7

   Re-elect Lord Davies of Abersoch as Director    Mgmt    Yes    For    For

8

   Re-elect Ho KwonPing as Director    Mgmt    Yes    For    For

9

   Re-elect Betsy Holden as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Franz Humer as Director    Mgmt    Yes    For    For

11

   Re-elect Deirdre Mahlan as Director    Mgmt    Yes    For    For

12

   Re-elect Ivan Menezes as Director    Mgmt    Yes    For    For

13

   Re-elect Philip Scott as Director    Mgmt    Yes    For    For

14

   Elect Nicola Mendelsohn as Director    Mgmt    Yes    For    For

15

   Elect Alan Stewart as Director    Mgmt    Yes    For    For

16

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

21

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

22

   Approve 2014 Long Term Incentive Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

TNT EXPRESS NV

 

Meeting Date: 09/18/2014   Country: Netherlands   Primary Security ID: N8726Y106
Record Date: 08/21/2014   Meeting Type: Special   Ticker: TNTE
         
Primary CUSIP: N/A   Primary ISIN: NL0009739424   Primary SEDOL: B3Y0JD2
         
  Shares Voted: 881,990  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Special Meeting    Mgmt    No      

1

   Open Meeting    Mgmt    No      

2

   Approve Discharge of Former Executive Board Member B.L. Bot    Mgmt    Yes    For    For

3

   Elect Maarten Jan de Vries to Executive Board    Mgmt    Yes    For    For

4

   Allow Questions    Mgmt    No      

5

   Close Meeting    Mgmt    No      

Akzo Nobel NV

 

Meeting Date: 10/08/2014   Country: Netherlands   Primary Security ID: N01803100
Record Date: 09/10/2014   Meeting Type: Special   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 82,570  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Special Meeting    Mgmt    No      

1

   Elect M. Castella to Management Board    Mgmt    Yes    For    For

Great Eagle Holdings Ltd.

 

Meeting Date: 10/31/2014   Country: Bermuda   Primary Security ID: G4069C148
Record Date:   Meeting Type: Special   Ticker: 00041
         
Primary CUSIP: G4069C148   Primary ISIN: BMG4069C1486   Primary SEDOL: 6387406
         
  Shares Voted: 316,349  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Acquisition of a Hotel Development Project Under the Framework Deed    Mgmt    Yes    For    For

2

   Approve SPA and Related Transactions    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Nuplex Industries Ltd.

 

Meeting Date: 11/05/2014   Country: New Zealand   Primary Security ID: Q70156106
Record Date: 11/03/2014   Meeting Type: Annual   Ticker: NPX
         
Primary CUSIP: Q70156106   Primary ISIN: NZNPXE0001S8   Primary SEDOL: 6651372
         
  Shares Voted: 328,666  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Elect Peter Springford as Director    Mgmt    Yes    For    For

2

   Authorize the Board to Fix Remuneration of the Auditors    Mgmt    Yes    For    For

Hays plc

 

Meeting Date: 11/12/2014   Country: United Kingdom   Primary Security ID: G4361D109
Record Date: 11/10/2014   Meeting Type: Annual   Ticker: HAS
         
Primary CUSIP: G4361D109   Primary ISIN: GB0004161021   Primary SEDOL: 0416102
         
  Shares Voted: 1,149,856  

 

           
Proposal
Number
   Proposal Text    Proponent   

Votable

Proposal

   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Policy    Mgmt    Yes    For    For

3

   Approve Remuneration Report    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Alan Thomson as Director    Mgmt    Yes    For    For

6

   Re-elect Alistair Cox as Director    Mgmt    Yes    For    For

7

   Re-elect Paul Venables as Director    Mgmt    Yes    For    For

8

   Re-elect Paul Harrison as Director    Mgmt    Yes    For    For

9

   Re-elect Victoria Jarman as Director    Mgmt    Yes    For    For

10

   Re-elect Richard Smelt as Director    Mgmt    Yes    For    For

11

   Re-elect Pippa Wicks as Director    Mgmt    Yes    For    For

12

   Re-elect Torsten Kreindl as Director    Mgmt    Yes    For    For

13

   Reappoint Deloitte LLP as Auditors    Mgmt    Yes    For    For

14

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Hays plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

15

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

16

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

19

   Authorise the Company to Call EGM with Two Weeks Notice    Mgmt    Yes    For    For

GlaxoSmithKline plc

 

Meeting Date: 12/18/2014   Country: United Kingdom   Primary Security ID: G3910J112
Record Date: 12/16/2014   Meeting Type: Special   Ticker: GSK
         
Primary CUSIP: G3910J112   Primary ISIN: GB0009252882   Primary SEDOL: 0925288
         
  Shares Voted: 257,617  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Transaction by the Company with Novartis AG    Mgmt    Yes    For    For

T. Hasegawa Co., Ltd.

 

Meeting Date: 12/18/2014   Country: Japan   Primary Security ID: J83238105
Record Date: 09/30/2014   Meeting Type: Annual   Ticker: 4958
         
Primary CUSIP: J83238105   Primary ISIN: JP3768500005   Primary SEDOL: 6899268
         
  Shares Voted: 9,400  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Hasegawa, Tokujiro    Mgmt    Yes    For    For

1.2

   Elect Director Kondo, Takahiko    Mgmt    Yes    For    For

1.3

   Elect Director Tanimoto, Tatsuo    Mgmt    Yes    For    For

1.4

   Elect Director Umino, Takao    Mgmt    Yes    For    For

1.5

   Elect Director Chino, Yoshiaki    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

T. Hasegawa Co., Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.6

   Elect Director Saito, Tsukasa    Mgmt    Yes    For    For

1.7

   Elect Director Oguri, Shoichiro    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Okado, Shingo    Mgmt    Yes    For    For

3

   Approve Retirement Bonus Payment for Directors    Mgmt    Yes    For    For

4

   Approve Retirement Bonus Payment for Statutory Auditor    Mgmt    Yes    For    For

Siemens AG

 

Meeting Date: 01/27/2015   Country: Germany   Primary Security ID: D69671218
Record Date:   Meeting Type: Annual   Ticker: SIE
         
Primary CUSIP: D69671218   Primary ISIN: DE0007236101   Primary SEDOL: 5727973
         
  Shares Voted: 36,984  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2013/2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 3.30 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2013/2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2013/2014    Mgmt    Yes    For    For

5

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

6

   Ratify Ernst & Young GmbH as Auditors for Fiscal 2014/2015    Mgmt    Yes    For    For

7.1

   Elect Nathalie von Siemens to the Supervisory Board    Mgmt    Yes    For    For

7.2

   Elect Norbert Reithofer to the Supervisory Board    Mgmt    Yes    For    For

8

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

9

   Authorize Use of Financial Derivatives when Repurchasing Shares    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Siemens AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

10

   Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 15 Billion; Approve Creation of EUR 240 Million Pool of Capital to Guarantee Conversion Rights    Mgmt    Yes    For    For

11

   Approve Settlement Agreement Between Siemens AG and Heinz-Joachim Neubuerger, Concluded on August 26, 2014    Mgmt    Yes    For    For

12

   Amend Articles Re: Board-Related    Mgmt    Yes    For    For

13

   Approve Affiliation Agreements with Subsidiary Kyros 47 GmbH    Mgmt    Yes    For    For

Davide Campari-Milano S.p.A.

 

Meeting Date: 01/28/2015   Country: Italy   Primary Security ID: T24091117
Record Date: 01/19/2015   Meeting Type: Special   Ticker: CPR
         
Primary CUSIP: T24091117   Primary ISIN: IT0003849244   Primary SEDOL: B08BR25
         
  Shares Voted: 50,853  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Extraordinary Business    Mgmt    No      

1

   Adopt Double Voting Rights for Long-Term Registered Shareholders    Mgmt    Yes    For    For

Imperial Tobacco Group plc

 

Meeting Date: 01/28/2015   Country: United Kingdom   Primary Security ID: G4721W102
Record Date: 01/26/2015   Meeting Type: Annual   Ticker: IMT
         
Primary CUSIP: G4721W102   Primary ISIN: GB0004544929   Primary SEDOL: 0454492
         
  Shares Voted: 116,639  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration Policy    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Imperial Tobacco Group plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Dr Ken Burnett as Director    Mgmt    Yes    For    For

6

   Re-elect Alison Cooper as Director    Mgmt    Yes    For    For

7

   Re-elect David Haines as Director    Mgmt    Yes    For    For

8

   Re-elect Michael Herlihy as Director    Mgmt    Yes    For    For

9

   Re-elect Matthew Phillips as Director    Mgmt    Yes    For    For

10

   Re-elect Oliver Tant as Director    Mgmt    Yes    For    For

11

   Re-elect Mark Williamson as Director    Mgmt    Yes    For    For

12

   Elect Karen Witts as Director    Mgmt    Yes    For    For

13

   Re-elect Malcolm Wyman as Director    Mgmt    Yes    For    For

14

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

17

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

20

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Imperial Tobacco Group plc

 

Meeting Date: 01/28/2015   Country: United Kingdom   Primary Security ID: G4721W102
Record Date: 01/26/2015   Meeting Type: Special   Ticker: IMT
         
Primary CUSIP: G4721W102   Primary ISIN: GB0004544929   Primary SEDOL: 0454492
         
  Shares Voted: 116,639  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Acquisition of Certain US Cigarette and
E-cigarette Brands and Assets
   Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Novartis AG

 

Meeting Date: 02/27/2015   Country: Switzerland   Primary Security ID: H5820Q150
Record Date:   Meeting Type: Annual   Ticker: NOVN
         
Primary CUSIP: H5820Q150   Primary ISIN: CH0012005267   Primary SEDOL: 7103065
         
  Shares Voted: 161,339  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.60 per Share    Mgmt    Yes    For    For

4

   Approve CHF 14.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

5

   Amend Articles Re: Ordinance Against Excessive Remuneration at Listed Companies    Mgmt    Yes    For    For

6.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 7.7 Million    Mgmt    Yes    For    For

6.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 84 Million    Mgmt    Yes    For    For

6.3

   Approve Remuneration Report    Mgmt    Yes    For    For

7.1

   Reelect Joerg Reinhardt as Director and Board Chairman    Mgmt    Yes    For    For

7.2

   Reelect Dimitri Azar as Director    Mgmt    Yes    For    For

7.3

   Reelect Verena Briner as Director    Mgmt    Yes    For    For

7.4

   Reelect Srikant Datar as Director    Mgmt    Yes    For    For

7.5

   Reelect Ann Fudge as Director    Mgmt    Yes    For    For

7.6

   Reelect Pierre Landolt as Director    Mgmt    Yes    For    For

7.7

   Reelect Andreas von Planta as Director    Mgmt    Yes    For    For

7.8

   Reelect Charles Sawyers as Director    Mgmt    Yes    For    For

7.9

   Reelect Enrico Vanni as Director    Mgmt    Yes    For    For

7.10

   Reelect William Winters as Director    Mgmt    Yes    For    For

7.11

   Elect Nancy Andrews as Director    Mgmt    Yes    For    For

8.1

   Appoint Srikant Datar as Member of the Compensation Committee    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Novartis AG

 

Proposal

Number

   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

8.2

   Appoint Ann Fudge as Member of the Compensation Committee    Mgmt    Yes    For    For

8.3

   Appoint Enrico Vanni as Member of the Compensation Committee    Mgmt    Yes    For    For

8.4

   Appoint William Winters as Member of the Compensation Committee    Mgmt    Yes    For    For

9

   Ratify PricewaterhouseCoopers AG as Auditors    Mgmt    Yes    For    For

10

   Designate Peter Zahn as Independent Proxy    Mgmt    Yes    For    For

11

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Joy Global Inc.

 

Meeting Date: 03/10/2015   Country: USA   Primary Security ID: 481165108
Record Date: 01/09/2015   Meeting Type: Annual   Ticker: JOY
         
Primary CUSIP: 481165108   Primary ISIN: US4811651086   Primary SEDOL: 2781905
         
  Shares Voted: 68,882  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Edward L. Doheny, II    Mgmt    Yes    For    For

1.2

   Elect Director Steven L. Gerard    Mgmt    Yes    For    For

1.3

   Elect Director Mark J. Gliebe    Mgmt    Yes    For    For

1.4

   Elect Director John T. Gremp    Mgmt    Yes    For    For

1.5

   Elect Director John Nils Hanson    Mgmt    Yes    For    For

1.6

   Elect Director Gale E. Klappa    Mgmt    Yes    For    For

1.7

   Elect Director Richard B. Loynd    Mgmt    Yes    For    For

1.8

   Elect Director P. Eric Siegert    Mgmt    Yes    For    For

1.9

   Elect Director James H. Tate    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Samchully Co.

 

Meeting Date: 03/20/2015   Country: South Korea   Primary Security ID: Y7467M105
Record Date: 12/31/2014   Meeting Type: Annual   Ticker: 004690
         
Primary CUSIP: Y7467M105   Primary ISIN: KR7004690004   Primary SEDOL: 6771054
         
  Shares Voted: 13,800  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    Abstain

2

   Elect Two Inside Directors and Two Outside Directors (Bundled)    Mgmt    Yes    For    Against

3

   Elect Kim Byung-Il as Member of Audit Committee    Mgmt    Yes    For    Abstain

4

   Approve Total Remuneration of Inside Directors and Outside Directors    Mgmt    Yes    For    Against

Schindler Holding AG

 

Meeting Date: 03/20/2015   Country: Switzerland   Primary Security ID: H7258G209
Record Date:   Meeting Type: Annual   Ticker: SCHP
         
Primary CUSIP: H7258G209   Primary ISIN: CH0024638196   Primary SEDOL: B11TCY0
         
  Shares Voted: 18,059  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of CHF 2.20 per Share and Participation Certificate    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1

   Approve Fixed Remuneration of Board of Directors for the 2015 Financial Year in the Amount of CHF 8.1 Million    Mgmt    Yes    For    For

4.2

   Approve Fixed Remuneration of Executive Management for the 2015 Financial Year in the Amount of CHF 7.7 Million    Mgmt    Yes    For    For

4.3

   Approve Annual Variable Remuneration of Board of Directors for Financial Year 2014 in the Amount of CHF 6.5 Million    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Schindler Holding AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.4

   Approve Annual Variable Remuneration of Executive Management for Financial Year 2014 in the Amount of CHF 11.53 Million    Mgmt    Yes    For    For

5.1

   Elect Patrice Bula as Director    Mgmt    Yes    For    For

5.2

   Reelect Alfred Schindler as Director and Chairman of the Board of Directors    Mgmt    Yes    For    For

5.3.1

   Reelect Pius Baschera as Director and Member of the Remuneration Committee    Mgmt    Yes    For    For

5.3.2

   Reelect Rudolf Fischer as Director and Member of the Remuneration Committee    Mgmt    Yes    For    For

5.3.3

   Reelect Rolf Schweiger as Director and Member of the Remuneration Committee    Mgmt    Yes    For    For

5.4.1

   Reelect Monika Buetler as Director    Mgmt    Yes    For    For

5.4.2

   Reelect Carole Vischer as Director    Mgmt    Yes    For    For

5.4.3

   Reelect Luc Bonnard as Director    Mgmt    Yes    For    For

5.4.4

   Reelect Karl Hofstetter as Director    Mgmt    Yes    For    For

5.4.5

   Reelect Anthony Nightingale as Director    Mgmt    Yes    For    For

5.4.6

   Reelect Juergen Tinggren as Director    Mgmt    Yes    For    For

5.4.7

   Reelect Klaus Wellershoff as Director    Mgmt    Yes    For    For

5.5

   Designate Adrian von Segesser as Independent Proxy    Mgmt    Yes    For    For

5.6

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

6.1

   Approve CHF 11,855 Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

6.2

   Approve CHF 382,222 Reduction in Participation Capital via Cancellation of Repurchased Participation Certificates    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

COLTENE Holding AG

 

Meeting Date: 03/25/2015   Country: Switzerland   Primary Security ID: H1554J116
Record Date:   Meeting Type: Annual   Ticker: CLTN
         
Primary CUSIP: H1554J116   Primary ISIN: CH0025343259   Primary SEDOL: B17N6G6
         
  Shares Voted: 17,047  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of 2.50 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1.1

   Reelect Niklaus Huber as Director    Mgmt    Yes    For    For

4.1.2

   Reelect Robert Heberlein as Director    Mgmt    Yes    For    For

4.1.3

   Reelect Erwin Locher as Director    Mgmt    Yes    For    For

4.1.4

   Reelect Matthew Robin as Director    Mgmt    Yes    For    For

4.1.5

   Reelect Roland Weiger as Director    Mgmt    Yes    For    For

4.2

   Reelect Niklaus Huber as Board Chairman    Mgmt    Yes    For    For

4.3.1

   Appoint Niklaus Huber as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.2

   Appoint Robert Heberlein as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.3

   Appoint Erwin Locher as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.4

   Appoint Matthew Robin as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.5

   Appoint Roland Weiger as Member of the Compensation Committee    Mgmt    Yes    For    For

5

   Designate Adrian Weder as Independent Proxy    Mgmt    Yes    For    For

6

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

7.1

   Approve Remuneration Report    Mgmt    Yes    For    For

7.2

   Approve Remuneration of Directors in the Amount of CHF 500,000 plus CHF 82,500 for the Allocation of 1,250 Shares    Mgmt    Yes    For    For

7.3

   Approve Remuneration of Executive Committee in the Amount of CHF 1.6 Million    Mgmt    Yes    For    For

8

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Samyang Genex Co.

 

Meeting Date: 03/25/2015   Country: South Korea   Primary Security ID: Y7498L100
Record Date: 12/31/2014   Meeting Type: Annual   Ticker: 003940
         
Primary CUSIP: Y7498L100   Primary ISIN: KR7003940004   Primary SEDOL: 6804336
         
  Shares Voted: 4,693  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

2

   Amend Articles of Incorporation    Mgmt    Yes    For    For

3

   Elect One Inside Director and One Outside Director (Bundled)    Mgmt    Yes    For    For

4

   Approve Total Remuneration of Inside Directors and Outside Directors    Mgmt    Yes    For    For

5

   Authorize Board to Fix Remuneration of Internal Auditor(s)    Mgmt    Yes    For    For

Halliburton Company

 

Meeting Date: 03/27/2015   Country: USA   Primary Security ID: 406216101
Record Date: 02/17/2015   Meeting Type: Special   Ticker: HAL
         
Primary CUSIP: 406216101   Primary ISIN: US4062161017   Primary SEDOL: 2405302
         
  Shares Voted: 70,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Issue Shares in Connection with Acquisition    Mgmt    Yes    For    For

2

   Adjourn Meeting    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Samyang Holdings Corp.

 

Meeting Date: 03/27/2015   Country: South Korea   Primary Security ID: Y748CC107
Record Date: 12/31/2014   Meeting Type: Annual   Ticker: 000070
         
Primary CUSIP: Y74987119   Primary ISIN: KR7000070003   Primary SEDOL: 6771816
         
  Shares Voted: 5,585  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

2

   Amend Articles of Incorporation    Mgmt    Yes    For    For

3

   Elect Kim Won as inside Director    Mgmt    Yes    For    For

4

   Approve Total Remuneration of Inside Directors and Outside Directors    Mgmt    Yes    For    For

5

   Authorize Board to Fix Remuneration of Internal Auditor(s)    Mgmt    Yes    For    For

Zurich Insurance Group AG

 

Meeting Date: 04/01/2015   Country: Switzerland   Primary Security ID: H9870Y105
Record Date:   Meeting Type: Annual   Ticker: ZURN
         
Primary CUSIP: H9870Y105   Primary ISIN: CH0011075394   Primary SEDOL: 5983816
         
  Shares Voted: 26,799  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report    Mgmt    Yes    For    For

2.1

   Approve Allocation of Income    Mgmt    Yes    For    For

2.2

   Approve Dividends of CHF 17.00 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1a

   Reelect Tom de Swaan as Director and Board Chairman    Mgmt    Yes    For    For

4.1b

   Reelect Susan Bies as Director    Mgmt    Yes    For    For

4.1c

   Reelect Alison Carnwath as Director    Mgmt    Yes    For    For

4.1d

   Reelect Rafael del Pino as Director    Mgmt    Yes    For    For

4.1e

   Reelect Thomas Escher as Director    Mgmt    Yes    For    For

4.1f

   Reelect Christoph Franz as Director    Mgmt    Yes    For    For

4.1g

   Reelect Fred Kindle as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Zurich Insurance Group AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1h

   Reelect Monica Maechler as Director    Mgmt    Yes    For    For

4.1i

   Reelect Don Nicolaisen as Director    Mgmt    Yes    For    For

4.1j

   Elect Joan Amble as Director    Mgmt    Yes    For    For

4.1.k

   Elect Kishore Mahbubani as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Alison Carnwath as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Tom de Swaan as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Rafael del Pino as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.4

   Appoint Thomas Escher as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.5

   Appoint Christoph Franz as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3

   Designate Andreas Keller as Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify PricewaterhouseCoopers as Auditors    Mgmt    Yes    For    For

5.1

   Approve Maximum Remuneration of Board of Directors Until 2016 AGM in the Amount of CHF 4.9 Million    Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee for Fiscal 2016 in the Amount of CHF 75.9 Million    Mgmt    Yes    For    For

6

   Amend Articles Re: Commercial Accounting and Financial Reporting    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For

TNT EXPRESS NV

 

Meeting Date: 04/08/2015   Country: Netherlands   Primary Security ID: N8726Y106
Record Date: 03/11/2015   Meeting Type: Annual   Ticker: TNTE
         
Primary CUSIP: N/A   Primary ISIN: NL0009739424   Primary SEDOL: B3Y0JD2
         
  Shares Voted: 1,247,104  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Open Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

TNT EXPRESS NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Discuss Performance Report by Tex Gunning (Non-Voting)    Mgmt    No      

3

   Discuss Report of Management Board (Non-Voting)    Mgmt    No      

4

   Discussion on Company’s Corporate Governance Structure    Mgmt    No      

5

   Discuss Remuneration Report Containing Remuneration Policy for Management Board Members    Mgmt    No      

6

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

7a

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

7b

   Approve Dividends of EUR 0.08 Per Share    Mgmt    Yes    For    For

8

   Approve Discharge of Management Board    Mgmt    Yes    For    For

9

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For

10

   Approve Amendment of Bonus Matching Plan for Management Board    Mgmt    Yes    For    For

11

   Amend Increase of Rights on Performance Shares for Management Board    Mgmt    Yes    For    For

12a

   Reelect Antony Burgmans to Supervisory Board    Mgmt    Yes    For    For

12b

   Reelect Mary Harris to Supervisory Board    Mgmt    Yes    For    For

13

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger    Mgmt    Yes    For    For

14

   Authorize Board to Exclude Preemptive Rights from Share Issuances    Mgmt    Yes    For    For

15

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

16

   Allow Questions    Mgmt    No      

17

   Close Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Henkel AG & Co. KGaA

 

Meeting Date: 04/13/2015   Country: Germany   Primary Security ID: D3207M110
Record Date: 03/22/2015   Meeting Type: Annual   Ticker: HEN3
         
Primary CUSIP: D32051126   Primary ISIN: DE0006048432   Primary SEDOL: 5076705
         
  Shares Voted: 57,210  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Meeting for Common and Preferred Shareholders; Only Common Shareholders Can Vote    Mgmt    No      

1

   Accept Annual Financial Statement    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of EUR 1.29 per Ordinary Share and EUR 1.31 per Preferred Share    Mgmt    Yes    For    For

3

   Approve Discharge of the Personally Liable Partner for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Approve Discharge of the Shareholders’ Committee for Fiscal 2014    Mgmt    Yes    For    For

6

   Ratify KPMG AG as Auditors for Fiscal 2015    Mgmt    Yes    For    For

7

   Approve Affiliation Agreements with Subsidiaries Henkel Vierte Verwaltungsgesellschaft mbH, Henkel Fünfte Verwaltungsgesellschaft mbH, and Schwarzkopf & Henkel Production Europe Geschäftsführungsgesellschaft mbH    Mgmt    Yes    For    For

8

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

9

   Approve Creation of EUR 43.8 Million Pool of Capital with Partial Exclusion of Preemptive Rights    Mgmt    Yes    For    For

10

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

Axel Springer SE

 

Meeting Date: 04/14/2015   Country: Germany   Primary Security ID: D76169115
Record Date:   Meeting Type: Annual   Ticker: SPR
         
Primary CUSIP: D76169115   Primary ISIN: DE0005501357   Primary SEDOL: 4647317
         
  Shares Voted: 221,100  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Axel Springer SE

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Approve Allocation of Income and Dividends of EUR 1.80 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4.1

   Approve Discharge of Supervisory Board Members Other than Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

4.2

   Approve Discharge of Supervisory Board Member Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

5.1

   Ratify Ernst & Young GmbH as Auditors for Fiscal 2015    Mgmt    Yes    For    For

5.2

   Ratify Ernst & Young GmbH as Auditors for 2015 First Half Financial Statement    Mgmt    Yes    For    For

6

   Approve Creation of EUR 11 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    For

7

   Approve Affiliation Agreements with Siebenundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

8

   Approve Affiliation Agreements with Achtundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

9

   Approve Affiliation Agreements with Neunundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

Siegfried Holding AG

 

Meeting Date: 04/14/2015   Country: Switzerland   Primary Security ID: H75942153
Record Date:   Meeting Type: Annual   Ticker: SFZN
         
Primary CUSIP: H75942153   Primary ISIN: CH0014284498   Primary SEDOL: 7391763
         
  Shares Voted: 2,135  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of CHF 1.50 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

3

   Approve Discharge of Board of Directors    Mgmt    Yes    For    For

4.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 1.25 Million    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Siegfried Holding AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.2.1

   Approve Fixed Remuneration of Executive Committee in the Amount of CHF 3.5 Million    Mgmt    Yes    For    For

4.2.2

   Approve Short-Term Performance-Based Remuneration of Executive Committee in the Amount of CHF 710,000    Mgmt    Yes    For    For

4.2.3

   Approve Long-Term Performance-Based Remuneration of Executive Committee in the Amount of CHF 922,000    Mgmt    Yes    For    For

5.1.1

   Reelect Colin Bond as Director    Mgmt    Yes    For    Against

5.1.2

   Reelect Wolfram Carius as Director    Mgmt    Yes    For    For

5.1.3

   Reelect Andreas Casutt as Director    Mgmt    Yes    For    For

5.1.4

   Reelect Reto Garzetti as Director    Mgmt    Yes    For    For

5.1.5

   Reelect Felix Meyer as Director    Mgmt    Yes    For    For

5.1.6

   Reelect Thomas Villiger as Director    Mgmt    Yes    For    For

5.2

   Reelect Andreas Casutt as Board Chairman    Mgmt    Yes    For    For

5.3.1

   Appoint Reto Garzetti as Member of the Compensation Committee    Mgmt    Yes    For    For

5.3.2

   Appoint Felix Meyer as Member of the Compensation Committee    Mgmt    Yes    For    For

5.3.3

   Appoint Thomas Villiger as Member of the Compensation Committee    Mgmt    Yes    For    For

6

   Designate BDO AG as Independent Proxy    Mgmt    Yes    For    For

7

   Ratify PricewaterhouseCoopers AG as Auditors    Mgmt    Yes    For    For

8

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Mediaset Espana Comunicacion SA

 

Meeting Date: 04/15/2015   Country: Spain   Primary Security ID: E7418Y101
Record Date: 04/10/2015   Meeting Type: Annual   Ticker: TL5
         
Primary CUSIP: E56793107   Primary ISIN: ES0152503035   Primary SEDOL: B01G2K0
         
  Shares Voted: 329,100  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Consolidated and Standalone Financial Statements    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Mediaset Espana Comunicacion SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3

   Approve Special Dividends    Mgmt    Yes    For    For

4

   Approve Discharge of Board    Mgmt    Yes    For    For

5.1

   Reelect José Ramón Alvarez-Rendueles as Director    Mgmt    Yes    For    For

5.2

   Reelect Angel Durández Adeva as Director    Mgmt    Yes    For    For

5.3

   Reelect Francisco de Borja Prado Eulate as Director    Mgmt    Yes    For    For

6

   Fix Number of Directors at 13    Mgmt    Yes    For    For

7

   Approve Remuneration of Directors    Mgmt    Yes    For    For

8

   Approve Stock-for-Salary Plan    Mgmt    Yes    For    For

9

   Approve Reduction in Share Capital via Amortization of Treasury Shares    Mgmt    Yes    For    For

10

   Authorize Share Repurchase and Capital Reduction via Amortization of Repurchased Shares    Mgmt    Yes    For    For

11.1

   Amend Article 1 Re: Company Name    Mgmt    Yes    For    For

11.2

   Amend Articles Re: Share Capital and Shares    Mgmt    Yes    For    For

11.3

   Amend Article 16 Re: Bonds and Other Securities    Mgmt    Yes    For    For

11.4

   Amend Articles Re: General Meetings and Board of Directors    Mgmt    Yes    For    For

11.5

   Amend Articles Re: Board of Directors    Mgmt    Yes    For    For

11.6

   Amend Articles Re: Annual Corporate Governance Report and Corporate Website    Mgmt    Yes    For    For

11.7

   Amend Articles Re: Fiscal Year, Financial Statements, Liquidation and Jurisdiction    Mgmt    Yes    For    For

11.8

   Approve Restated Articles of Association    Mgmt    Yes    For    For

12.1

   Amend Articles of General Meeting Regulations Re: Introduction    Mgmt    Yes    For    For

12.2

   Amend Articles of General Meeting Regulations Re: Meeting Notice and Preparation    Mgmt    Yes    For    For

12.3

   Amend Articles of General Meeting Regulations Re: Development of General Meeting    Mgmt    Yes    For    For

12.4

   Approve Restated General Meeting Regulations    Mgmt    Yes    For    For

13

   Approve Notification on Amendments to Board Regulations    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Mediaset Espana Comunicacion SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

14

   Approve Remuneration Policy Report    Mgmt    Yes    For    For

15

   Authorize Board to Ratify and Execute Approved Resolutions    Mgmt    Yes    For    For

Nestle SA

 

Meeting Date: 04/16/2015   Country: Switzerland   Primary Security ID: H57312649
Record Date:   Meeting Type: Annual   Ticker: NESN
         
Primary CUSIP: H57312649   Primary ISIN: CH0038863350   Primary SEDOL: 7123870
         
  Shares Voted: 142,100  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report (Non-binding)    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.20 per Share    Mgmt    Yes    For    For

4.1a

   Reelect Peter Brabeck-Letmathe as Director    Mgmt    Yes    For    For

4.1b

   Reelect Paul Bulcke as Director    Mgmt    Yes    For    For

4.1c

   Reelect Andreas Koopmann as Director    Mgmt    Yes    For    For

4.1d

   Reelect Beat Hess as Director    Mgmt    Yes    For    For

4.1e

   Reelect Daniel Borel as Director    Mgmt    Yes    For    For

4.1f

   Reelect Steven G. Hoch as Director    Mgmt    Yes    For    For

4.1g

   Reelect Naïna Lal Kidwai as Director    Mgmt    Yes    For    For

4.1h

   Reelect Jean-Pierre Roth as Director    Mgmt    Yes    For    For

4.1i

   Reelect Ann M. Veneman as Director    Mgmt    Yes    For    For

4.1j

   Reelect Henri de Castries as Director    Mgmt    Yes    For    For

4.1k

   Reelect Eva Cheng as Director    Mgmt    Yes    For    For

4.2.1

   Elect Ruth Khasaya Oniang’o as Director    Mgmt    Yes    For    For

4.2.2

   Elect Patrick Aebischer as Director    Mgmt    Yes    For    For

4.2.3

   Elect Renato Fassbind as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Nestle SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.3

   Elect Peter Brabeck-Letmathe as Board Chairman    Mgmt    Yes    For    For

4.4.1

   Appoint Beat Hess as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.2

   Appoint Daniel Borel as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.3

   Appoint Andreas Koopmann as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.4

   Appoint Jean-Pierre Roth as Member of the Compensation Committee    Mgmt    Yes    For    For

4.5

   Ratify KPMG SA as Auditors    Mgmt    Yes    For    For

4.6

   Designate Hartmann Dreyer as Independent Proxy    Mgmt    Yes    For    For

5.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 11 Million    Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 60 Million    Mgmt    Yes    For    For

6

   Approve CHF 3.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Tamedia AG

 

Meeting Date: 04/17/2015   Country: Switzerland   Primary Security ID: H84391103
Record Date:   Meeting Type: Annual   Ticker: TAMN
         
Primary CUSIP: H84391103   Primary ISIN: CH0011178255   Primary SEDOL: 4498816
         
  Shares Voted: 665  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of CHF 4.50 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1.1

   Reelect Pietro Supino as Director and Board Chairman    Mgmt    Yes    For    For

4.1.2

   Reelect Claudia Coninx-Kaczynski as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Tamedia AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1.3

   Reelect Marina de Planta as Director    Mgmt    Yes    For    For

4.1.4

   Reelect Martin Kall as Director    Mgmt    Yes    For    For

4.1.5

   Reelect Pierre Lamuniere as Director    Mgmt    Yes    For    For

4.1.6

   Reelect Konstantin Richter as Director    Mgmt    Yes    For    For

4.1.7

   Reelect Iwan Rickenbacher as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Pietro Supino as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Claudia Coninx-Kaczynski as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Martin Kall as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3.1

   Designate Gabriela Wyss as Independent Proxy    Mgmt    Yes    For    For

4.3.2

   Designate Martin Basler as Deputy Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

5

   Amend Articles Re: Ordinance Against Excessive Remuneration in Listed Companies    Mgmt    Yes    For    For

6.1

   Approve Remuneration of Board of Directors in the Amount of CHF 2.42 Million    Mgmt    Yes    For    For

6.2

   Approve Remuneration for the Advisory Board for Digital Development in the Amount of EUR 101,450    Mgmt    Yes    For    For

6.3

   Approve Fixed Remuneration of Executive Committee in the Amount of CHF 4.5 Million    Mgmt    Yes    For    For

6.4

   Approve Variable Remuneration of Executive Committee in the Amount of CHF 4.4 Million    Mgmt    Yes    For    For

7

   Approve Remuneration Principles    Mgmt    Yes    For    For

8

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Akzo Nobel NV

 

Meeting Date: 04/22/2015   Country: Netherlands   Primary Security ID: N01803100
Record Date: 03/25/2015   Meeting Type: Annual   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 82,570  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Open Meeting and Announcements    Mgmt    No      

2

   Receive Report of Management Board (Non-Voting)    Mgmt    No      

3.a

   Discuss Remuneration Report Containing Remuneration Policy for Management Board Members    Mgmt    No      

3.b

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3.c

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

3.d

   Approve Dividends of EUR 1.45 Per Share    Mgmt    Yes    For    For

4.a

   Approve Discharge of Management Board    Mgmt    Yes    For    For

4.b

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For

5.a

   Elect D. Sluimers to Supervisory Board    Mgmt    Yes    For    For

5.b

   Reelect P. Bruzelius to Supervisory Board    Mgmt    Yes    For    For

6.a

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger    Mgmt    Yes    For    For

6.b

   Authorize Board to Exclude Preemptive Rights from Share Issuances    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

8

   Allow Questions and Close Meeting    Mgmt    No      

Embotelladora Andina S.A.

 

Meeting Date: 04/22/2015   Country: Chile   Primary Security ID: P3697S103
Record Date: 04/16/2015   Meeting Type: Annual   Ticker: ANDINA-B
         
Primary CUSIP: P3697S103   Primary ISIN: CLP3697S1034   Primary SEDOL: 2311454
         
  Shares Voted: 940,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Embotelladora Andina S.A.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Approve Allocation of Income and Dividends    Mgmt    Yes    For    For

3

   Present Dividend Policy    Mgmt    No      

4

   Approve Remuneration of Directors, Directors’ Committee and Audit Committee Members    Mgmt    Yes    For    For

5

   Appoint Auditors    Mgmt    Yes    For    For

6

   Inform Designation of Risk Assessment Companies    Mgmt    No      

7

   Receive Report Regarding Related-Party Transactions    Mgmt    No      

8

   Designate Newspaper to Publish Meeting Announcements    Mgmt    Yes    For    For

9

   Other Business    Mgmt    Yes    For    For

AGCO Corporation

 

Meeting Date: 04/23/2015   Country: USA   Primary Security ID: 001084102
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: AGCO
         
Primary CUSIP: 001084102   Primary ISIN: US0010841023   Primary SEDOL: 2010278
         
  Shares Voted: 53,840  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Roy V. Armes    Mgmt    Yes    For    For

1.2

   Elect Director Michael C. Arnold    Mgmt    Yes    For    For

1.3

   Elect Director P. George Benson    Mgmt    Yes    For    For

1.4

   Elect Director Wolfgang Deml    Mgmt    Yes    For    For

1.5

   Elect Director Luiz F. Furlan    Mgmt    Yes    For    For

1.6

   Elect Director George E. Minnich    Mgmt    Yes    For    For

1.7

   Elect Director Martin H. Richenhagen    Mgmt    Yes    For    For

1.8

   Elect Director Gerald L. Shaheen    Mgmt    Yes    For    For

1.9

   Elect Director Mallika Srinivasan    Mgmt    Yes    For    For

1.10

   Elect Director Hendrikus Visser    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

DBS Group Holdings Ltd.

 

Meeting Date: 04/23/2015   Country: Singapore   Primary Security ID: Y20246107
Record Date:   Meeting Type: Annual   Ticker: D05
         
Primary CUSIP: Y20246107   Primary ISIN: SG1L01001701   Primary SEDOL: 6175203
         
  Shares Voted: 614,046  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend Per Ordinary Share    Mgmt    Yes    For    For

3

   Approve Final Dividend Per Non-Voting Redeemable Convertible Preference Share    Mgmt    Yes    For    For

4

   Approve Directors’ Fees    Mgmt    Yes    For    For

5

   Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

6

   Elect Peter Seah as Director    Mgmt    Yes    For    For

7

   Elect Ow Foong Pheng as Director    Mgmt    Yes    For    For

8

   Elect Andre Sekulic as Director    Mgmt    Yes    For    For

9

   Elect Nihal Vijaya Devadas Kaviratne as Director    Mgmt    Yes    For    For

10

   Approve Grant of Awards and Issuance of Shares Pursuant to the DBSH Share Option Plan and DBSH Share Plan    Mgmt    Yes    For    For

11

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

12

   Approve Issuance of Shares and Non-Voting Redeemable Convertible Preference Shares Under the DBSH Scrip Dividend Scheme for the Final Dividends for the Year Ended Dec. 31, 2014    Mgmt    Yes    For    For

13

   Approve Issuance of Shares and Non-Voting Redeemable Convertible Preference Shares Under the DBSH Scrip Dividend Scheme for the Dividends which may be Declared for the Year Ending Dec. 31, 2015    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

DBS Group Holdings Ltd.

 

Meeting Date: 04/23/2015   Country: Singapore   Primary Security ID: Y20246107
Record Date:   Meeting Type: Special   Ticker: D05
         
Primary CUSIP: Y20246107   Primary ISIN: SG1L01001701   Primary SEDOL: 6175203
         
  Shares Voted: 614,046  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Authorize Share Repurchase Program    Mgmt    Yes    For    For

Heineken Holding NV

 

Meeting Date: 04/23/2015   Country: Netherlands   Primary Security ID: N39338194
Record Date: 03/26/2015   Meeting Type: Annual   Ticker: HEIO
         
Primary CUSIP: N39338194   Primary ISIN: NL0000008977   Primary SEDOL: B0CCH46
         
  Shares Voted: 58,943  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Receive Report of Management Board (Non-Voting)    Mgmt    No      

2

   Discuss Remuneration Report    Mgmt    No      

3

   Adopt Financial Statements    Mgmt    Yes    For    For

4

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

5

   Approve Discharge of the Board of Directors    Mgmt    Yes    For    For

6a

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6b

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital    Mgmt    Yes    For    For

6c

   Authorize Board to Exclude Preemptive Rights from Issuance under Item 6b    Mgmt    Yes    For    For

7a

   Reelect C.L. de Carvalho-Heineken as Executive Director    Mgmt    Yes    For    For

7b

   Relect C.M. Kwist as Non-Executive Director    Mgmt    Yes    For    For

7c

   Elect M.R. de Carvalho as Executive Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Heineken NV

 

Meeting Date: 04/23/2015   Country: Netherlands   Primary Security ID: N39427211
Record Date: 03/26/2015   Meeting Type: Annual   Ticker: HEIA
         
Primary CUSIP: N39427211   Primary ISIN: NL0000009165   Primary SEDOL: 7792559
         
  Shares Voted: 57,932  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1a

   Receive Report of Management Board (Non-Voting)    Mgmt    No      

1b

   Discuss Remuneration Report Containing Remuneration Policy for Management Board Members    Mgmt    No      

1c

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1d

   Receive Explanation on Dividend Policy    Mgmt    No      

1e

   Approve Allocation of Income and Dividends of EUR 1.10 per Share    Mgmt    Yes    For    For

1f

   Approve Discharge of Management Board    Mgmt    Yes    For    For

1g

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For

2a

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

2b

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital    Mgmt    Yes    For    For

2c

   Authorize Board to Exclude Preemptive Rights from Issuance under Item 2b    Mgmt    Yes    For    For

3

   Elect L. Debroux to Management Board    Mgmt    Yes    For    For

4

   Elect M.R. de Carvalho to Supervisory Board    Mgmt    Yes    For    For

Johnson & Johnson

 

Meeting Date: 04/23/2015   Country: USA   Primary Security ID: 478160104
Record Date: 02/24/2015   Meeting Type: Annual   Ticker: JNJ
         
Primary CUSIP: 478160104   Primary ISIN: US4781601046   Primary SEDOL: 2475833
         
  Shares Voted: 106,257  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Mary Sue Coleman    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Johnson & Johnson

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1b

   Elect Director D. Scott Davis    Mgmt    Yes    For    For

1c

   Elect Director Ian E. L. Davis    Mgmt    Yes    For    For

1d

   Elect Director Alex Gorsky    Mgmt    Yes    For    For

1e

   Elect Director Susan L. Lindquist    Mgmt    Yes    For    For

1f

   Elect Director Mark B. McClellan    Mgmt    Yes    For    For

1g

   Elect Director Anne M. Mulcahy    Mgmt    Yes    For    For

1h

   Elect Director William D. Perez    Mgmt    Yes    For    For

1i

   Elect Director Charles Prince    Mgmt    Yes    For    For

1j

   Elect Director A. Eugene Washington    Mgmt    Yes    For    For

1k

   Elect Director Ronald A. Williams    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

4

   Policy Regarding Overextended Directors    SH    Yes    Against    Against

5

   Report on Consistency Between Corporate Values and Political Contributions    SH    Yes    Against    Against

6

   Require Independent Board Chairman    SH    Yes    Against    Against

Muenchener Rueckversicherungs-Gesellschaft AG

 

Meeting Date: 04/23/2015   Country: Germany   Primary Security ID: D55535104
Record Date:   Meeting Type: Annual   Ticker: MUV2
         
Primary CUSIP: D55535104   Primary ISIN: DE0008430026   Primary SEDOL: 5294121
         
  Shares Voted: 29,038  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Receive Report of the Supervisory Board, Corporate Governance Report and Remuneration Report for 2014 (Non-Voting)    Mgmt    No      

1.2

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 7.75 per Share    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Muenchener Rueckversicherungs-Gesellschaft AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

6

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Authorize Use of Financial Derivatives when Repurchasing Shares    Mgmt    Yes    For    For

8

   Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 3 Billion; Approve Creation of EUR 117 Million Pool of Capital to Guarantee Conversion Rights    Mgmt    Yes    For    For

9

   Approve Creation of EUR 10 Million Pool of Capital for Employee Stock Purchase Plan    Mgmt    Yes    For    For

10

   Amend Articles Re: Company Representation    Mgmt    Yes    For    For

Safran

 

Meeting Date: 04/23/2015   Country: France   Primary Security ID: F4035A557
Record Date: 04/20/2015   Meeting Type: Annual/Special   Ticker: SAF
         
Primary CUSIP: F4035A557   Primary ISIN: FR0000073272   Primary SEDOL: B058TZ6
         
  Shares Voted: 271,480  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 1.20 per Share    Mgmt    Yes    For    For

4

   Approve Personal Risk Insurance Benefits Agreement with Jean Paul Herteman    Mgmt    Yes    For    For

5

   Approve Personal Risk Insurance Benefits Agreements with Stephane Abrial, Ross McInnes and Marc Ventre    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Safran

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

6

   Approve Auditors’ Special Report on Related-Party Transactions Regarding New Transactions    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

7

   Amend Articles 14 and 16 of Bylaws Re: Directors’ Length of Term    Mgmt    Yes    For    For

8

   Amend Article 14 of Bylaws Re: State Representatives Appointed by Decree and Directors Elected upon Proposal of the State    Mgmt    Yes    For    For
   Ordinary Business    Mgmt    No      

9

   Elect Philippe Petitcolin as Director    Mgmt    Yes    For    For

10

   Elect Ross McInnes as Director    Mgmt    Yes    For    For

11

   Elect Patrick Gandil as Director    Mgmt    Yes    For    For

12

   Elect Vincent Imbert as Director    Mgmt    Yes    For    For

13

   Reelect Jean Lou Chameau as Director    Mgmt    Yes    For    For

14

   Approve Remuneration of Directors in the Aggregate Amount of EUR 868,000    Mgmt    Yes    For    For

15

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

16

   Advisory Vote on Compensation of Jean Paul Herteman, Chairman and CEO    Mgmt    Yes    For    For

17

   Advisory Vote on Compensation of Vice-CEOs    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

18

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 20 Million; and EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against

19

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against

20

   Authorize Capital Increase of Up to EUR 8 Million for Future Exchange Offers    Mgmt    Yes    For    Against

21

   Authorize Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 8 Million, Including in the Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Safran

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

22

   Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above    Mgmt    Yes    For    Against
   Ordinary Business    Mgmt    No      

23

   Authorize Capitalization of Reserves of Up to EUR 12.5 Million for Bonus Issue or Increase in Par Value; and EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    Against
   Extraordinary Business    Mgmt    No      

24

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans Including in the Event of a Public Tender Offer or Share Exchange Offer    Mgmt    Yes    For    For

25

   Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 30 Million; and EUR 8 Million in the case of an Event of a Public Tender Offer or During the Pre-Offer Period    Mgmt    Yes    For    For

26

   Authorize up to 0.1 Percent of Issued Capital for Use in Restricted Stock Plans    Mgmt    Yes    For    For

27

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For
   Shareholder Proposal Submitted by Safran Investissement Corporate Mutual Fund    Mgmt    No      

A

   Amend Item 3 as Follows: Approve Allocation of Income and Dividends of EUR 1.12 per Share    SH    Yes    Against    Against

HSBC Holdings plc

 

Meeting Date: 04/24/2015   Country: United Kingdom   Primary Security ID: G4634U169
Record Date: 04/23/2015   Meeting Type: Annual   Ticker: HSBA
         
Primary CUSIP: G4634U169   Primary ISIN: GB0005405286   Primary SEDOL: 0540528
         
  Shares Voted: 966,300  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

HSBC Holdings plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

3(a)

   Elect Phillip Ameen as Director    Mgmt    Yes    For    For

3(b)

   Elect Heidi Miller as Director    Mgmt    Yes    For    For

3(c)

   Re-elect Kathleen Casey as Director    Mgmt    Yes    For    For

3(d)

   Re-elect Safra Catz as Director    Mgmt    Yes    For    For

3(e)

   Re-elect Laura Cha as Director    Mgmt    Yes    For    For

3(f)

   Re-elect Lord Evans of Weardale as Director    Mgmt    Yes    For    For

3(g)

   Re-elect Joachim Faber as Director    Mgmt    Yes    For    For

3(h)

   Re-elect Rona Fairhead as Director    Mgmt    Yes    For    For

3(i)

   Re-elect Douglas Flint as Director    Mgmt    Yes    For    For

3(j)

   Re-elect Stuart Gulliver as Director    Mgmt    Yes    For    For

3(k)

   Re-elect Sam Laidlaw as Director    Mgmt    Yes    For    For

3(l)

   Re-elect John Lipsky as Director    Mgmt    Yes    For    For

3(m)

   Re-elect Rachel Lomax as Director    Mgmt    Yes    For    For

3(n)

   Re-elect Iain Mackay as Director    Mgmt    Yes    For    For

3(o)

   Re-elect Marc Moses as Director    Mgmt    Yes    For    For

3(p)

   Re-elect Sir Simon Robertson as Director    Mgmt    Yes    For    For

3(q)

   Re-elect Jonathan Symonds as Director    Mgmt    Yes    For    For

4

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

5

   Authorise the Group Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

6

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

7

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

8

   Authorise Directors to Allot Any Repurchased Shares    Mgmt    Yes    For    For

9

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

10

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

11

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

12

   Amend Savings-Related Share Option Plan (UK)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

HSBC Holdings plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

13

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Pearson plc

 

Meeting Date: 04/24/2015   Country: United Kingdom   Primary Security ID: G69651100
Record Date: 04/22/2015   Meeting Type: Annual   Ticker: PSON
         
Primary CUSIP: G69651100   Primary ISIN: GB0006776081   Primary SEDOL: 0677608
         
  Shares Voted: 167,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Re-elect Vivienne Cox as Director    Mgmt    Yes    For    For

4

   Re-elect John Fallon as Director    Mgmt    Yes    For    For

5

   Re-elect Robin Freestone as Director    Mgmt    Yes    For    For

6

   Re-elect Josh Lewis as Director    Mgmt    Yes    For    For

7

   Re-elect Linda Lorimer as Director    Mgmt    Yes    For    For

8

   Re-elect Harish Manwani as Director    Mgmt    Yes    For    For

9

   Re-elect Glen Moreno as Director    Mgmt    Yes    For    For

10

   Elect Elizabeth Corley as Director    Mgmt    Yes    For    For

11

   Elect Tim Score as Director    Mgmt    Yes    For    For

12

   Approve Remuneration Report    Mgmt    Yes    For    For

13

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

14

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

15

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

16

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

United Overseas Bank Limited

 

Meeting Date: 04/24/2015   Country: Singapore   Primary Security ID: Y9T10P105
Record Date:   Meeting Type: Annual   Ticker: U11
         
Primary CUSIP: V96194127   Primary ISIN: SG1M31001969   Primary SEDOL: 6916781
         
  Shares Voted: 329,389  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend and Special Dividend    Mgmt    Yes    For    For

3

   Approve Directors’ Fees    Mgmt    Yes    For    For

4

   Approve Fee to the Chairman Emeritus and Adviser of the Bank for the Period from January 2014 to December 2014    Mgmt    Yes    For    For

5

   Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

6

   Elect Hsieh Fu Hua as Director    Mgmt    Yes    For    For

7

   Elect Wee Ee Cheong as Director    Mgmt    Yes    For    For

8

   Elect Lim Hwee Hua as Director    Mgmt    Yes    For    For

9

   Elect Wee Cho Yaw as Director    Mgmt    Yes    For    For

10

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

11

   Approve Issuance of Shares Pursuant to the UOB Scrip Dividend Scheme    Mgmt    Yes    For    For

12

   Authorize Share Repurchase Program    Mgmt    Yes    For    For

British American Tobacco plc

 

Meeting Date: 04/29/2015   Country: United Kingdom   Primary Security ID: G1510J102
Record Date: 04/27/2015   Meeting Type: Annual   Ticker: BATS
         
Primary CUSIP: G1510J102   Primary ISIN: GB0002875804   Primary SEDOL: 0287580
         
  Shares Voted: 30,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

British American Tobacco plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Appoint KPMG LLP as Auditors    Mgmt    Yes    For    For

5

   Authorise the Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

6

   Re-elect Richard Burrows as Director    Mgmt    Yes    For    For

7

   Re-elect Karen de Segundo as Director    Mgmt    Yes    For    For

8

   Re-elect Nicandro Durante as Director    Mgmt    Yes    For    For

9

   Re-elect Ann Godbehere as Director    Mgmt    Yes    For    For

10

   Re-elect Savio Kwan as Director    Mgmt    Yes    For    For

11

   Re-elect Christine Morin-Postel as Director    Mgmt    Yes    For    For

12

   Re-elect Gerry Murphy as Director    Mgmt    Yes    For    For

13

   Re-elect Kieran Poynter as Director    Mgmt    Yes    For    For

14

   Re-elect Ben Stevens as Director    Mgmt    Yes    For    For

15

   Re-elect Richard Tubb as Director    Mgmt    Yes    For    For

16

   Elect Sue Farr as Director    Mgmt    Yes    For    For

17

   Elect Pedro Malan as Director    Mgmt    Yes    For    For

18

   Elect Dimitri Panayotopoulos as Director    Mgmt    Yes    For    For

19

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

21

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

22

   Approve EU Political Donations and Expenditure    Mgmt    Yes    For    For

23

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Cenovus Energy Inc.

 

Meeting Date: 04/29/2015   Country: Canada   Primary Security ID: 15135U109
Record Date: 03/06/2015   Meeting Type: Annual/Special   Ticker: CVE
         
Primary CUSIP: 15135U109   Primary ISIN: CA15135U1093   Primary SEDOL: B57FG04
         
  Shares Voted: 250,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Elect Director Ralph S. Cunningham    Mgmt    Yes    For    For

1.2

   Elect Director Patrick D. Daniel    Mgmt    Yes    For    For

1.3

   Elect Director Ian W. Delaney    Mgmt    Yes    For    For

1.4

   Elect Director Brian C. Ferguson    Mgmt    Yes    For    For

1.5

   Elect Director Michael A. Grandin    Mgmt    Yes    For    For

1.6

   Elect Director Steven F. Leer    Mgmt    Yes    For    For

1.7

   Elect Director Valerie A.A. Nielsen    Mgmt    Yes    For    For

1.8

   Elect Director Charles M. Rampacek    Mgmt    Yes    For    For

1.9

   Elect Director Colin Taylor    Mgmt    Yes    For    For

1.10

   Elect Director Wayne G. Thomson    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

3

   Approve Shareholder Rights Plan    Mgmt    Yes    For    For

4

   Amend Articles Re: Provisions of the Preferred Shares    Mgmt    Yes    For    For

5

   Amend By-Law No. 1    Mgmt    Yes    For    For

6

   Advisory Vote on Executive Compensation Approach    Mgmt    Yes    For    For

Unilever NV

 

Meeting Date: 04/29/2015   Country: Netherlands   Primary Security ID: N8981F271
Record Date: 04/01/2015   Meeting Type: Annual   Ticker: UNA
         
Primary CUSIP: N8981F271   Primary ISIN: NL0000009355   Primary SEDOL: B12T3J1
         
  Shares Voted: 161,712  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Annual Meeting    Mgmt    No      

1

   Discussion of the Annual Report and Accounts for the 2014 financial year    Mgmt    No      

2

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Unilever NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

3

   Approve Discharge of Executive Board Members    Mgmt    Yes    For    For

4

   Approve Discharge of Non-Executive Board Members    Mgmt    Yes    For    For

5

   Reelect P G J M Polman as Executive Director    Mgmt    Yes    For    For

6

   Reelect R J-M S Huet as Executive Director    Mgmt    Yes    For    For

7

   Reelect L M Cha as Non-Executive Director    Mgmt    Yes    For    For

8

   Reelect L O Fresco as Non-Executive Director    Mgmt    Yes    For    For

9

   Reelect A M Fudge as Non-Executive Director    Mgmt    Yes    For    For

10

   Elect M Ma as Non-Executive Director    Mgmt    Yes    For    For

11

   Reelect H Nyasulu as Non-Executive Director    Mgmt    Yes    For    For

12

   Reelect J. Rishton as Non-Executive Director    Mgmt    Yes    For    For

13

   Reelect F Sijbesma as Non-Executive Director.    Mgmt    Yes    For    For

14

   Reelect M Treschow as Non-Executive Director    Mgmt    Yes    For    For

15

   Elect N S Andersen as Non-Executive Director    Mgmt    Yes    For    For

16

   Elect V Colao as Non-Executive Director    Mgmt    Yes    For    For

17

   Elect J Hartmann as Non-Executive Director    Mgmt    Yes    For    For

18

   Ratify KPMG as Auditors    Mgmt    Yes    For    For

19

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights    Mgmt    Yes    For    For

20

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

21

   Approve Cancellation of Repurchased Shares    Mgmt    Yes    For    For

22

   Close Meeting    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

ABB Ltd.

 

Meeting Date: 04/30/2015   Country: Switzerland   Primary Security ID: H0010V101
Record Date:   Meeting Type: Annual   Ticker: ABBN
         
Primary CUSIP: H0010V101   Primary ISIN: CH0012221716   Primary SEDOL: 7108899
         
  Shares Voted: 157,355  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1

   Approve Allocation of Income and Dividends of CHF 0.55 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

4.2

   Approve CHF 394 Million Reduction in Share Capital and Repayment of CHF 0.17 per Share    Mgmt    Yes    For    For

5

   Amend Articles to Reflect Changes in Capital If Item 4.2 is Approved    Mgmt    Yes    For    For

6

   Approve Creation of CHF 200 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    For

7.1

   Approve Remuneration of Directors in the Amount of CHF 4.2 Million    Mgmt    Yes    For    For

7.2

   Approve Remuneration of Executive Committee in the Amount of CHF 52 Million    Mgmt    Yes    For    For

8.1

   Reelect Roger Agnelli as Director    Mgmt    Yes    For    For

8.2

   Reelect Matti Alahuhta as Director    Mgmt    Yes    For    For

8.3

   Elect David Constable as Director    Mgmt    Yes    For    For

8.4

   Reelect Louis Hughes as Director    Mgmt    Yes    For    For

8.5

   Reelect Michel de Rosen as Director    Mgmt    Yes    For    For

8.6

   Reelect Jacob Wallenberg as Director    Mgmt    Yes    For    For

8.7

   Reelect Ying Yeh as Director    Mgmt    Yes    For    For

8.8

   Elect Peter Voser as Director and Board Chairman    Mgmt    Yes    For    For

9.1

   Appoint David Constable as Member of the Compensation Committee    Mgmt    Yes    For    For

9.2

   Appoint Michel de Rosen as Member of the Compensation Committee    Mgmt    Yes    For    For

9.3

   Appoint Ying Yeh as Member of the Compensation Committee    Mgmt    Yes    For    For

10

   Designate Hans Zehnder as Independent Proxy    Mgmt    Yes    For    For

11

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

12

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Davide Campari-Milano S.p.A.

 

Meeting Date: 04/30/2015   Country: Italy   Primary Security ID: T24091117
Record Date: 04/21/2015   Meeting Type: Annual/Special   Ticker: CPR
         
Primary CUSIP: T24091117   Primary ISIN: IT0003849244   Primary SEDOL: B08BR25
         
  Shares Voted: 50,853  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Extraordinary Business    Mgmt    No      

1

   Authorize Capital Increase in Connection with Issuance of Convertible Bonds, Equity-Based Instruments, and Participative Financial Instruments; Amend Articles    Mgmt    Yes    For    For
   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements, Statutory Reports, and Allocation of Income    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Stock Option Plan    Mgmt    Yes    For    For

4

   Authorize Share Repurchase Program and Reissuance of Repurchased Shares    Mgmt    Yes    For    For

Great Eagle Holdings Ltd.

 

Meeting Date: 04/30/2015   Country: Bermuda   Primary Security ID: G4069C148
Record Date: 04/23/2015   Meeting Type: Annual   Ticker: 00041
         
Primary CUSIP: G4069C148   Primary ISIN: BMG4069C1486   Primary SEDOL: 6387406
         
  Shares Voted: 316,349  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Elect Lo Kai Shui as Director    Mgmt    Yes    For    For

4

   Elect Lo To Lee Kwan as Director    Mgmt    Yes    For    For

5

   Elect Wong Yue Chim, Richard as Director    Mgmt    Yes    For    For

6

   Elect Lo Hong Sui, Antony as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Great Eagle Holdings Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

7

   Fix Maximum Number of Directors at 15 and Authorize Board to Appoint Additional Directors Up to Such Maximum Number    Mgmt    Yes    For    For

8

   Approve Remuneration of Directors    Mgmt    Yes    For    For

9

   Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

10

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

11

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

Scor SE

 

Meeting Date: 04/30/2015   Country: France   Primary Security ID: F15561677
Record Date: 04/27/2015   Meeting Type: Annual/Special   Ticker: SCR
         
Primary CUSIP: F15561677   Primary ISIN: FR0010411983   Primary SEDOL: B1LB9P6
         
  Shares Voted: 414,885  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of EUR 1.40 per Share    Mgmt    Yes    For    For

3

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions Regarding New Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Denis Kessler, CEO    Mgmt    Yes    For    For

6

   Reelect Peter Eckert as Director    Mgmt    Yes    For    For

7

   Reelect Kory Sorenson as Director    Mgmt    Yes    For    For

8

   Reelect Fields Wicker Miurin as Director    Mgmt    Yes    For    For

9

   Elect Marguerite Berard Andrieu as Director    Mgmt    Yes    For    For

10

   Elect Kirsten Ideboen as Director    Mgmt    Yes    For    For

11

   Elect Vanessa Marquette as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Scor SE

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

12

   Elect Augustin de Romanet as Director    Mgmt    Yes    For    For

13

   Elect Jean Marc Raby as Director    Mgmt    Yes    For    For

14

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

15

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

16

   Authorize Capitalization of Reserves of Up to EUR 200 Million for Bonus Issue or Increase in Par Value    Mgmt    Yes    For    For

17

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 599,999,999.98    Mgmt    Yes    For    For

18

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 151,668,108.39    Mgmt    Yes    For    For

19

   Approve Issuance of Equity or Equity-Linked Securities for up to 10 Percent of Issued Capital Per Year for Private Placements    Mgmt    Yes    For    For

20

   Authorize Capital Increase of Up to EUR 151,668,108.39 for Future Exchange Offers    Mgmt    Yes    For    For

21

   Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind    Mgmt    Yes    For    For

22

   Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above    Mgmt    Yes    For    For

23

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

24

   Authorize up to 1.5 Million Shares for Use in Stock Option Plans    Mgmt    Yes    For    For

25

   Authorize up to 3 Million Shares in Use for Restricted Stock Plans    Mgmt    Yes    For    For

26

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

27

   Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 835,446,372,60    Mgmt    Yes    For    For

28

   Amend Article 8 of Bylaws Re: Absence of Double Voting Rights    Mgmt    Yes    For    For

29

   Amend Article 15 of Bylaws Re: Related Party Transactions    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Scor SE

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

30

   Amend Article 19 of Bylaws Re: Record Date    Mgmt    Yes    For    For

31

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For

Baxter International Inc.

 

Meeting Date: 05/05/2015   Country: USA   Primary Security ID: 071813109
Record Date: 03/11/2015   Meeting Type: Annual   Ticker: BAX
         
Primary CUSIP: 071813109   Primary ISIN: US0718131099   Primary SEDOL: 2085102
         
  Shares Voted: 11,431  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1a

   Elect Director Uma Chowdhry    Mgmt    Yes    For    For

1b

   Elect Director James R. Gavin, III    Mgmt    Yes    For    For

1c

   Elect Director Peter S. Hellman    Mgmt    Yes    For    For

1d

   Elect Director K. J. Storm    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Approve Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Pro-rata Vesting of Equity Awards    SH    Yes    Against    For

6

   Require Independent Board Chairman    SH    Yes    Against    Against

CNP Assurances

 

Meeting Date: 05/06/2015   Country: France   Primary Security ID: F1876N318
Record Date: 04/30/2015   Meeting Type: Annual/Special   Ticker: CNP
         
Primary CUSIP: F1876N318   Primary ISIN: FR0000120222   Primary SEDOL: 5543986
         
  Shares Voted: 194,310  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Ordinary Business    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

CNP Assurances

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.77 per Share    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Jean-Paul Faugere, Chairman    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Frederic Lavenir, CEO    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

8

   Amend Article 27 of Bylaws Re: Record Date    Mgmt    Yes    For    For

9

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million    Mgmt    Yes    For    For

10

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

11

   Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plans    Mgmt    Yes    For    For
   Ordinary Business    Mgmt    No      

12

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For

Philip Morris International Inc.

 

Meeting Date: 05/06/2015   Country: USA   Primary Security ID: 718172109
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: PM
         
Primary CUSIP: 718172109   Primary ISIN: US7181721090   Primary SEDOL: B2PKRQ3
         
  Shares Voted: 31,061  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Elect Director Harold Brown    Mgmt    Yes    For    For

1.2

   Elect Director André Calantzopoulos    Mgmt    Yes    For    For

1.3

   Elect Director Louis C. Camilleri    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Philip Morris International Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.4

   Elect Director Werner Geissler    Mgmt    Yes    For    For

1.5

   Elect Director Jennifer Li    Mgmt    Yes    For    For

1.6

   Elect Director Jun Makihara    Mgmt    Yes    For    For

1.7

   Elect Director Sergio Marchionne    Mgmt    Yes    For    For

1.8

   Elect Director Kalpana Morparia    Mgmt    Yes    For    For

1.9

   Elect Director Lucio A. Noto    Mgmt    Yes    For    For

1.10

   Elect Director Frederik Paulsen    Mgmt    Yes    For    For

1.11

   Elect Director Robert B. Polet    Mgmt    Yes    For    For

1.12

   Elect Director Stephen M. Wolf    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers SA as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Adopt Anti-Forced Labor Policy for Tobacco Supply Chain    SH    Yes    Against    Against

Phillips 66

 

Meeting Date: 05/06/2015   Country: USA   Primary Security ID: 718546104
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: PSX
         
Primary CUSIP: 718546104   Primary ISIN: US7185461040   Primary SEDOL: B78C4Y8
         
  Shares Voted: 14,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1a

   Elect Director J. Brian Ferguson    Mgmt    Yes    For    For

1b

   Elect Director Harold W. McGraw, III    Mgmt    Yes    For    For

1c

   Elect Director Victoria J. Tschinkel    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Declassify the Board of Directors    Mgmt    Yes    For    For

5

   Adopt Quantitative GHG Goals for Operations    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Standard Chartered plc

 

Meeting Date: 05/06/2015   Country: United Kingdom   Primary Security ID: G84228157
Record Date: 05/01/2015   Meeting Type: Annual   Ticker: STAN
         
Primary CUSIP: G84228157   Primary ISIN: GB0004082847   Primary SEDOL: 0408284
         
  Shares Voted: 1,026,145  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Approve Remuneration Report    Mgmt    Yes    For    For

4

   Elect Dr Byron Grote as Director    Mgmt    Yes    For    For

5

   Elect Andy Halford as Director    Mgmt    Yes    For    For

6

   Elect Gay Huey Evans as Director    Mgmt    Yes    For    For

7

   Elect Jasmine Whitbread as Director    Mgmt    Yes    For    For

8

   Re-elect Om Bhatt as Director    Mgmt    Yes    For    For

9

   Re-elect Dr Kurt Campbell as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Louis Cheung as Director    Mgmt    Yes    For    For

11

   Re-elect Dr Han Seung-soo as Director    Mgmt    Yes    For    For

12

   Re-elect Christine Hodgson as Director    Mgmt    Yes    For    For

13

   Re-elect Naguib Kheraj as Director    Mgmt    Yes    For    For

14

   Re-elect Simon Lowth as Director    Mgmt    Yes    For    For

15

   Re-elect Ruth Markland as Director    Mgmt    Yes    For    For

16

   Re-elect Sir John Peace as Director    Mgmt    Yes    For    For

17

   Re-elect Mike Rees as Director    Mgmt    Yes    For    For

18

   Re-elect Viswanathan Shankar as Director    Mgmt    No      

19

   Re-elect Paul Skinner as Director    Mgmt    Yes    For    For

20

   Re-elect Dr Lars Thunell as Director    Mgmt    Yes    For    For

21

   Appoint KPMG LLP as Auditors    Mgmt    Yes    For    For

22

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

23

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

24

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Standard Chartered plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

25

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

26

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

27

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

28

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

29

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

30

   Authorise Market Purchase of Preference Shares    Mgmt    Yes    For    For

31

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

BAE Systems plc

 

Meeting Date: 05/07/2015   Country: United Kingdom   Primary Security ID: G06940103
Record Date: 05/05/2015   Meeting Type: Annual   Ticker: BA.
         
Primary CUSIP: G06940103   Primary ISIN: GB0002634946   Primary SEDOL: 0263494
         
  Shares Voted: 547,600  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Re-elect Sir Roger Carr as Director    Mgmt    Yes    For    For

5

   Re-elect Jerry DeMuro as Director    Mgmt    Yes    For    For

6

   Re-elect Harriet Green as Director    Mgmt    Yes    For    For

7

   Re-elect Christopher Grigg as Director    Mgmt    Yes    For    For

8

   Re-elect Ian King as Director    Mgmt    Yes    For    For

9

   Re-elect Peter Lynas as Director    Mgmt    Yes    For    For

10

   Re-elect Paula Rosput Reynolds as Director    Mgmt    Yes    For    For

11

   Re-elect Nicholas Rose as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

BAE Systems plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

12

   Re-elect Carl Symon as Director    Mgmt    Yes    For    For

13

   Re-elect Ian Tyler as Director    Mgmt    Yes    For    For

14

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise the Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

17

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

20

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

GlaxoSmithKline plc

 

Meeting Date: 05/07/2015   Country: United Kingdom   Primary Security ID: G3910J112
Record Date: 05/05/2015   Meeting Type: Annual   Ticker: GSK
         
Primary CUSIP: G3910J112   Primary ISIN: GB0009252882   Primary SEDOL: 0925288
         
  Shares Voted: 264,705  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Elect Sir Philip Hampton as Director    Mgmt    Yes    For    For

4

   Elect Urs Rohner as Director    Mgmt    Yes    For    For

5

   Re-elect Sir Andrew Witty as Director    Mgmt    Yes    For    For

6

   Re-elect Sir Roy Anderson as Director    Mgmt    Yes    For    For

7

   Re-elect Dr Stephanie Burns as Director    Mgmt    Yes    For    For

8

   Re-elect Stacey Cartwright as Director    Mgmt    Yes    For    For

9

   Re-elect Simon Dingemans as Director    Mgmt    Yes    For    For

10

   Re-elect Lynn Elsenhans as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

GlaxoSmithKline plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

11

   Re-elect Judy Lewent as Director    Mgmt    Yes    For    For

12

   Re-elect Sir Deryck Maughan as Director    Mgmt    Yes    For    For

13

   Re-elect Dr Daniel Podolsky as Director    Mgmt    Yes    For    For

14

   Re-elect Dr Moncef Slaoui as Director    Mgmt    Yes    For    For

15

   Re-elect Hans Wijers as Director    Mgmt    Yes    For    For

16

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise the Audit & Risk Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

19

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

21

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

22

   Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports    Mgmt    Yes    For    For

23

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

24

   Approve Share Value Plan    Mgmt    Yes    For    For

Jardine Strategic Holdings Ltd.

 

Meeting Date: 05/07/2015   Country: Bermuda   Primary Security ID: G50764102
Record Date:   Meeting Type: Annual   Ticker: J37
         
Primary CUSIP: G50764102   Primary ISIN: BMG507641022   Primary SEDOL: 6472960
         
  Shares Voted: 20,587  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Auditors’ Reports and Declare Final Dividend    Mgmt    Yes    For    For

2

   Elect Julian Hui as a Director    Mgmt    Yes    For    For

3

   Re-elect Rodney Leach as a Director    Mgmt    Yes    For    For

4

   Re-elect Anthony Nightingale as a Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Jardine Strategic Holdings Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

5

   Approve Remuneration of Directors    Mgmt    Yes    For    For

6

   Reappoint PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

7

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

Provident Financial plc

 

Meeting Date: 05/07/2015   Country: United Kingdom   Primary Security ID: G72783171
Record Date: 05/05/2015   Meeting Type: Annual   Ticker: PFG
         
Primary CUSIP: G72783171   Primary ISIN: GB00B1Z4ST84   Primary SEDOL: B1Z4ST8
         
  Shares Voted: 71,595  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Re-elect Robert Anderson as Director    Mgmt    Yes    For    For

5

   Re-elect Peter Crook as Director    Mgmt    Yes    For    For

6

   Re-elect Andrew Fisher as Director    Mgmt    Yes    For    For

7

   Re-elect Alison Halsey as Director    Mgmt    Yes    For    For

8

   Re-elect Malcolm Le May as Director    Mgmt    Yes    For    For

9

   Re-elect Stuart Sinclair as Director    Mgmt    Yes    For    For

10

   Re-elect Manjit Wolstenholme as Director    Mgmt    Yes    For    For

11

   Reappoint Deloitte LLP as Auditors    Mgmt    Yes    For    For

12

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

13

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

14

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

15

   Approve Long Term Incentive Scheme    Mgmt    Yes    For    For

16

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Provident Financial plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

19

   Approve Variable Pay Cap    Mgmt    Yes    For    For

Teleperformance

 

Meeting Date: 05/07/2015   Country: France   Primary Security ID: F9120F106
Record Date: 05/04/2015   Meeting Type: Annual/Special   Ticker: RCF
         
Primary CUSIP: F9120F106   Primary ISIN: FR0000051807   Primary SEDOL: 5999330
         
  Shares Voted: 116,167  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.92 per Share    Mgmt    Yes    For    For

4

   Acknowledge Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of New Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Daniel Julien, Chairman    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Paulo Cesar Salles Vasques, CEO    Mgmt    Yes    For    For

7

   Reelect Daniel Julien as Director    Mgmt    Yes    For    For

8

   Reelect Emily Abrera as Director    Mgmt    Yes    For    For

9

   Reelect Philippe Ginestie as Director    Mgmt    Yes    For    For

10

   Reelect Jean Guez as Director    Mgmt    Yes    For    For

11

   Reelect Daniel Bergstein as Director    Mgmt    Yes    For    For

12

   Reelect Philippe Dominati as Director    Mgmt    Yes    For    For

13

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Teleperformance

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

14

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

15

   Authorize Capitalization of Reserves of Up to EUR 142 Million for Bonus Issue or Increase in Par Value    Mgmt    Yes    For    For

16

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 40 Million    Mgmt    Yes    For    For

17

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights with a Binding Priority Right up to Aggregate Nominal Amount of EUR 28 Million    Mgmt    Yes    For    For

18

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

19

   Amend Article 25 of Bylaws Re: Record Date    Mgmt    Yes    For    For

20

   Amend Article 25 of Bylaws Re: Double Voting Rights    Mgmt    Yes    For    For

21

   Approve Change of Corporate Form to Societas Europaea (SE)    Mgmt    Yes    For    For

22

   Subject to Approval of Item 21, Change Company Name to Teleperformance SE    Mgmt    Yes    For    For

23

   Subject to Items 21 and 22 Above, Adopt New Bylaws    Mgmt    Yes    For    For

24

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For

Buzzi Unicem Spa

 

Meeting Date: 05/08/2015   Country: Italy   Primary Security ID: T2320M109
Record Date: 04/28/2015   Meeting Type: Annual   Ticker: BZU
         
Primary CUSIP: T2320M109   Primary ISIN: IT0001347308   Primary SEDOL: 5782206
         
  Shares Voted: 113,408  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements, Statutory Reports, and Allocation of Income    Mgmt    Yes    For    For

2

   Authorize Share Repurchase Program and Reissuance of Repurchased Shares    Mgmt    Yes    For    For

3

   Amend Regulations on General Meetings    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Buzzi Unicem Spa

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4

   Approve Remuneration Report    Mgmt    Yes    For    For

ConocoPhillips

 

Meeting Date: 05/12/2015   Country: USA   Primary Security ID: 20825C104
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: COP
         
Primary CUSIP: 20825C104   Primary ISIN: US20825C1045   Primary SEDOL: 2685717
         
  Shares Voted: 29,399  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Richard L. Armitage    Mgmt    Yes    For    For

1b

   Elect Director Richard H. Auchinleck    Mgmt    Yes    For    For

1c

   Elect Director Charles E. Bunch    Mgmt    Yes    For    For

1d

   Elect Director James E. Copeland, Jr.    Mgmt    Yes    For    For

1e

   Elect Director John V. Faraci    Mgmt    Yes    For    For

1f

   Elect Director Jody L. Freeman    Mgmt    Yes    For    For

1g

   Elect Director Gay Huey Evans    Mgmt    Yes    For    For

1h

   Elect Director Ryan M. Lance    Mgmt    Yes    For    For

1i

   Elect Director Arjun N. Murti    Mgmt    Yes    For    For

1j

   Elect Director Robert A. Niblock    Mgmt    Yes    For    For

1k

   Elect Director Harald J. Norvik    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Pro-rata Vesting of Equity Plan    SH    Yes    Against    Against

6

   Remove or Adjust Reserve Metrics used for Executive Compensation    SH    Yes    Against    Against

7

   Adopt Proxy Access Right    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Sol Spa

 

Meeting Date: 05/12/2015   Country: Italy   Primary Security ID: T8711D103
Record Date: 04/30/2015   Meeting Type: Annual   Ticker: SOL
         
Primary CUSIP: T8711D103   Primary ISIN: IT0001206769   Primary SEDOL: 5490684
         
  Shares Voted: 66,455  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements, Statutory Reports, and Allocation of Income    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration of Directors    Mgmt    Yes    For    For

TT electronics plc

 

Meeting Date: 05/12/2015   Country: United Kingdom   Primary Security ID: G91159106
Record Date: 05/10/2015   Meeting Type: Annual   Ticker: TTG
         
Primary CUSIP: G91159106   Primary ISIN: GB0008711763   Primary SEDOL: 0871176
         
  Shares Voted: 144,469  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Elect Richard Tyson as Director    Mgmt    Yes    For    For

5

   Elect Mark Hoad as Director    Mgmt    Yes    For    For

6

   Re-elect Sean Watson as Director    Mgmt    No      

7

   Re-elect John Shakeshaft as Director    Mgmt    Yes    For    For

8

   Re-elect Michael Baunton as Director    Mgmt    Yes    For    For

9

   Re-elect Stephen King as Director    Mgmt    Yes    For    For

10

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

11

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

TT electronics plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

12

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

13

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

14

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

15

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Eni S.p.A.

 

Meeting Date: 05/13/2015   Country: Italy   Primary Security ID: T3643A145
Record Date: 05/04/2015   Meeting Type: Annual   Ticker: ENI
         
Primary CUSIP: T3643A145   Primary ISIN: IT0003132476   Primary SEDOL: 7145056
         
  Shares Voted: 240,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income    Mgmt    Yes    For    For

3

   Approve Remuneration Report    Mgmt    Yes    For    For

National Oilwell Varco, Inc.

 

Meeting Date: 05/13/2015   Country: USA   Primary Security ID: 637071101
Record Date: 04/01/2015   Meeting Type: Annual   Ticker: NOV
         
Primary CUSIP: 637071101   Primary ISIN: US6370711011   Primary SEDOL: 2624486
         
  Shares Voted: 54,644  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1A

   Elect Director Clay C. Williams    Mgmt    Yes    For    For

1B

   Elect Director Greg L. Armstrong    Mgmt    Yes    For    For

1C

   Elect Director Robert E. Beauchamp    Mgmt    Yes    For    For

1D

   Elect Director Marcela E. Donadio    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

National Oilwell Varco, Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1E

   Elect Director Ben A. Guill    Mgmt    Yes    For    For

1F

   Elect Director David D. Harrison    Mgmt    Yes    For    For

1G

   Elect Director Roger L. Jarvis    Mgmt    Yes    For    For

1H

   Elect Director Eric L. Mattson    Mgmt    Yes    For    For

1I

   Elect Director Jeffery A. Smisek    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

Hengdeli Holdings Ltd.

 

Meeting Date: 05/15/2015   Country: Cayman Islands   Primary Security ID: G45048108
Record Date: 05/12/2015   Meeting Type: Annual   Ticker: 03389
         
Primary CUSIP: G45048108   Primary ISIN: KYG450481083   Primary SEDOL: B1QDWP8
         
  Shares Voted: 3,168,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3a

   Elect Huang Yonghua as Director and Authorize Board to Fix Director’s Remuneration    Mgmt    Yes    For    For

3b

   Elect Lee Shu Chung Stan as Director and Authorize Board to Fix Director’s Remuneration    Mgmt    Yes    For    For

3c

   Elect Liu Xueling as Director and Authorize Board to Fix Director’s Remuneration    Mgmt    Yes    For    For

4

   Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

5A

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

5B

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

6

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For

7

   Adopt New Share Option Scheme and Terminate Existing Share Option Scheme    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Logan International Inc

 

Meeting Date: 05/15/2015   Country: Canada   Primary Security ID: 54100T102
Record Date: 04/01/2015   Meeting Type: Annual/Special   Ticker: LII
         
Primary CUSIP: 54100T102   Primary ISIN: CA54100T1021   Primary SEDOL: B0738D0
         
  Shares Voted: 95,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Paul McDermott    Mgmt    Yes    For    For

1.2

   Elect Director David MacNeill    Mgmt    Yes    For    For

1.3

   Elect Director David Barr    Mgmt    Yes    For    For

1.4

   Elect Director Ian Bruce    Mgmt    Yes    For    For

1.5

   Elect Director David Coppe    Mgmt    Yes    For    For

1.6

   Elect Director David Kennedy    Mgmt    Yes    For    For

1.7

   Elect Director Jamie Biluk    Mgmt    Yes    For    For

2

   Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

3

   Re-approve Stock Option Plan    Mgmt    Yes    For    For

Royal Dutch Shell plc

 

Meeting Date: 05/19/2015   Country: United Kingdom   Primary Security ID: G7690A100
Record Date: 05/15/2015   Meeting Type: Annual   Ticker: RDSA
         
Primary CUSIP: G7690A118   Primary ISIN: GB00B03MLX29   Primary SEDOL: B03MLX2
         
  Shares Voted: 295,279  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Management Proposals    Mgmt    No      

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Re-elect Ben van Beurden as Director    Mgmt    Yes    For    For

4

   Re-elect Guy Elliott as Director    Mgmt    Yes    For    For

5

   Re-elect Euleen Goh as Director    Mgmt    Yes    For    For

6

   Re-elect Simon Henry as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Royal Dutch Shell plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

7

   Re-elect Charles Holliday as Director    Mgmt    Yes    For    For

8

   Re-elect Gerard Kleisterlee as Director    Mgmt    Yes    For    For

9

   Re-elect Sir Nigel Sheinwald as Director    Mgmt    Yes    For    For

10

   Re-elect Linda Stuntz as Director    Mgmt    Yes    For    For

11

   Re-elect Hans Wijers as Director    Mgmt    Yes    For    For

12

   Re-elect Patricia Woertz as Director    Mgmt    Yes    For    For

13

   Re-elect Gerrit Zalm as Director    Mgmt    Yes    For    For

14

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

19

   Approve Scrip Dividend Scheme    Mgmt    Yes    For    For

20

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For
   Shareholder Proposal    Mgmt    No      

21

   Approve Strategic Resilience for 2035 and Beyond    SH    Yes    For    For

Antofagasta plc

 

Meeting Date: 05/20/2015   Country: United Kingdom   Primary Security ID: G0398N128
Record Date: 05/18/2015   Meeting Type: Annual   Ticker: ANTO
         
Primary CUSIP: G0398N128   Primary ISIN: GB0000456144   Primary SEDOL: 0045614
         
  Shares Voted: 678,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Antofagasta plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4

   Re-elect Jean-Paul Luksic as Director    Mgmt    Yes    For    For

5

   Re-elect William Hayes as Director    Mgmt    Yes    For    For

6

   Re-elect Gonzalo Menendez as Director    Mgmt    Yes    For    For

7

   Re-elect Ramon Jara as Director    Mgmt    Yes    For    For

8

   Re-elect Juan Claro as Director    Mgmt    Yes    For    For

9

   Re-elect Hugo Dryland as Director    Mgmt    Yes    For    For

10

   Re-elect Tim Baker as Director    Mgmt    Yes    For    For

11

   Re-elect Ollie Oliveira as Director    Mgmt    Yes    For    For

12

   Re-elect Andronico Luksic as Director    Mgmt    Yes    For    For

13

   Re-elect Vivianne Blanlot as Director    Mgmt    Yes    For    For

14

   Elect Jorge Bande as Director    Mgmt    Yes    For    For

15

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

16

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

17

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

20

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Halliburton Company

 

Meeting Date: 05/20/2015   Country: USA   Primary Security ID: 406216101
Record Date: 03/23/2015   Meeting Type: Annual   Ticker: HAL
         
Primary CUSIP: 406216101   Primary ISIN: US4062161017   Primary SEDOL: 2405302
         
  Shares Voted: 70,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Abdulaziz F. Al Khayyal    Mgmt    Yes    For    For

1.2

   Elect Director Alan M. Bennett    Mgmt    Yes    For    For

1.3

   Elect Director James R. Boyd    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Halliburton Company

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.4

   Elect Director Milton Carroll    Mgmt    Yes    For    For

1.5

   Elect Director Nance K. Dicciani    Mgmt    Yes    For    For

1.6

   Elect Director Murry S. Gerber    Mgmt    Yes    For    For

1.7

   Elect Director Jose C. Grubisich    Mgmt    Yes    For    For

1.8

   Elect Director David J. Lesar    Mgmt    Yes    For    For

1.9

   Elect Director Robert A. Malone    Mgmt    Yes    For    For

1.10

   Elect Director J. Landis Martin    Mgmt    Yes    For    For

1.11

   Elect Director Jeffrey A. Miller    Mgmt    Yes    For    For

1.12

   Elect Director Debra L. Reed    Mgmt    Yes    For    For

2

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Amend Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Amend Qualified Employee Stock Purchase Plan    Mgmt    Yes    For    For

Headlam Group plc

 

Meeting Date: 05/21/2015   Country: United Kingdom   Primary Security ID: G43680100
Record Date: 05/19/2015   Meeting Type: Annual   Ticker: HEAD
         
Primary CUSIP: G43680100   Primary ISIN: GB0004170089   Primary SEDOL: 0417008
         
  Shares Voted: 213,814  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Re-elect Steve Wilson as Director    Mgmt    Yes    For    For

4

   Re-elect Dick Peters as Director    Mgmt    Yes    For    For

5

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

6

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

7

   Approve Remuneration Report    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Headlam Group plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

8

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

9

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

10

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

11

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Phoenix Mecano

 

Meeting Date: 05/22/2015   Country: Switzerland   Primary Security ID: H62034121
Record Date:   Meeting Type: Annual   Ticker: PM
         
Primary CUSIP: H62034121   Primary ISIN: CH0002187810   Primary SEDOL: 4687595
         
  Shares Voted: 5,015  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 15.00 per Share    Mgmt    Yes    For    For

4.1.1

   Reelect Ulrich Hocker as Director and Board Chairman    Mgmt    Yes    For    For

4.1.2

   Reelect Florian Ernst as Director    Mgmt    Yes    For    For

4.1.3

   Reelect Martin Furrer as Director    Mgmt    Yes    For    For

4.1.4

   Reelect Benedikt Goldkamp as Director    Mgmt    Yes    For    For

4.1.5

   Reelect Beat Siegrist as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Martin Furrer as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Ulrich Hocker as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Beat Siegrist as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3

   Designate Hans Rudi Alder as Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify KPMG AG as Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Phoenix Mecano

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

5.1

   Approve Remuneration Report    Mgmt    Yes    For    For

5.2

   Approve Remuneration of Directors in the Amount of CHF 600,000    Mgmt    Yes    For    For

5.3

   Approve Remuneration of Executive Committee in the Amount of CHF 5.6 Million    Mgmt    Yes    For    For

6

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Luen Thai Holdings Ltd.

 

Meeting Date: 05/26/2015   Country: Cayman Islands   Primary Security ID: G5697P104
Record Date: 05/20/2015   Meeting Type: Annual   Ticker: 00311
         
Primary CUSIP: G5697P104   Primary ISIN: KYG5697P1046   Primary SEDOL: B01RLR3
         
  Shares Voted: 520,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Elect Tan Siu Lin as Director    Mgmt    Yes    For    For

4

   Elect Tan Henry as Director    Mgmt    Yes    For    For

5

   Elect Mok Siu Wan, Anne as Director    Mgmt    Yes    For    For

6

   Authorize Board to Fix Remuneration of Directors    Mgmt    Yes    For    For

7

   Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

8

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

9

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

10

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

NOW Inc.

 

Meeting Date: 05/27/2015   Country: USA   Primary Security ID: 67011P100
Record Date: 04/09/2015   Meeting Type: Annual   Ticker: DNOW
         
Primary CUSIP: 67011P100   Primary ISIN: US67011P1003   Primary SEDOL: BMH0MV1
         
  Shares Voted: 13,661  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1A

   Elect Director Terry Bonno    Mgmt    Yes    For    For

1B

   Elect Director Galen Cobb    Mgmt    Yes    For    For

1C

   Elect Director James Crandell    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Advisory Vote on Say on Pay Frequency    Mgmt    Yes    One Year    One Year

5

   Approve Executive Incentive Bonus Plan    Mgmt    Yes    For    For

Vallourec

 

Meeting Date: 05/28/2015   Country: France   Primary Security ID: F95922104
Record Date: 05/25/2015   Meeting Type: Annual/Special   Ticker: VK
         
Primary CUSIP: F95922104   Primary ISIN: FR0000120354   Primary SEDOL: B197DR6
         
  Shares Voted: 217,500  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.81 per Share    Mgmt    Yes    For    For

4

   Approve Stock Dividend Program (Cash or New Shares)    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Philippe Crouzet, Chairman of the Management Board    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Jean Pierre Michel and Olivier Mallet, Members of the Management Board    Mgmt    Yes    For    For

7

   Ratify Appointment of Pierre Pringuet as Supervisory Board Member    Mgmt    Yes    For    For

8

   Reelect Pascale Chargrasse as Supervisory Board Member    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Vallourec

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

9

   Elect Philippe Altuzarra as Supervisory Board Member    Mgmt    Yes    For    For

10

   Elect Maria Pilar Albiac Murilol as Supervisory Board Member    Mgmt    Yes    For    For

11

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

12

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 104.48 Million    Mgmt    Yes    For    For

13

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 26.12 Million    Mgmt    Yes    For    For

14

   Approve Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 26.12 Million    Mgmt    Yes    For    For

15

   Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights under Items 13 and 14    Mgmt    Yes    For    For

16

   Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above under Items 12-15    Mgmt    Yes    For    For

17

   Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind    Mgmt    Yes    For    For

18

   Authorize Capital Increase of Up to EUR 26.12 Million for Future Exchange Offers    Mgmt    Yes    For    For

19

   Authorize Issuance of Equity upon Conversion of a Subsidiary’s Equity-Linked Securities for Up to EUR 26.12 Million    Mgmt    Yes    For    For

20

   Authorize Capitalization of Reserves of Up to EUR 78.36 Million for Bonus Issue or Increase in Par Value    Mgmt    Yes    For    For

21

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

22

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries    Mgmt    Yes    For    For

23

   Approve Employee Indirect Stock Purchase Plan for International Employees    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Vallourec

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

24

   Approve Restricted Stock Plan in Connection with Employee Stock Plan    Mgmt    Yes    For    For

25

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

26

   Amend Article 12 of Bylaws Re: Attendance at General Meetings    Mgmt    Yes    For    For

27

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For

Total SA

 

Meeting Date: 05/29/2015   Country: France   Primary Security ID: F92124100
Record Date: 05/26/2015   Meeting Type: Annual   Ticker: FP
         
Primary CUSIP: F92124100   Primary ISIN: FR0000120271   Primary SEDOL: B15C557
         
  Shares Voted: 215,300  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 2.44 per Share    Mgmt    Yes    For    For

4

   Approve Stock Dividend Program (Cash or New Shares)    Mgmt    Yes    For    For

5

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6

   Reelect Patrick Artus as Director    Mgmt    Yes    For    For

7

   Reelect Anne-Marie Idrac as Director    Mgmt    Yes    For    For

8

   Elect Patrick Pouyanne as Director    Mgmt    Yes    For    For

9

   Approve Agreement with Patrick Pouyanne, CEO    Mgmt    Yes    For    For

10

   Advisory Vote on Compensation of Thierry Desmarest, Chairman since Oct. 22, 2014    Mgmt    Yes    For    For

11

   Advisory Vote on Compensation of Patrick Pouyanne, CEO since Oct. 22, 2014    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Total SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

12

   Advisory Vote on Compensation of Christophe de Margerie, CEO and Chairman until Oct. 20, 2014    Mgmt    Yes    For    For
   Shareholder Proposal Submitted by UES Amont Total Workers’ Council    Mgmt    No      

A

   Address the Matter of a Fair Sharing of Costs between Shareholders and Company Employees    SH    Yes    Against    Against

G4S plc

 

Meeting Date: 06/04/2015   Country: United Kingdom   Primary Security ID: G39283109
Record Date: 06/02/2015   Meeting Type: Annual   Ticker: GFS
         
Primary CUSIP: G39283109   Primary ISIN: GB00B01FLG62   Primary SEDOL: B01FLG6
         
  Shares Voted: 2,821,436  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Re-elect Ashley Almanza as Director    Mgmt    Yes    For    For

5

   Re-elect John Connolly as Director    Mgmt    Yes    For    For

6

   Re-elect Adam Crozier as Director    Mgmt    Yes    For    For

7

   Re-elect Mark Elliott as Director    Mgmt    Yes    For    For

8

   Re-elect Winnie Kin Wah Fok as Director    Mgmt    Yes    For    For

9

   Re-elect Himanshu Raja as Director    Mgmt    Yes    For    For

10

   Re-elect Paul Spence as Director    Mgmt    Yes    For    For

11

   Re-elect Clare Spottiswoode as Director    Mgmt    Yes    For    For

12

   Re-elect Tim Weller as Director    Mgmt    Yes    For    For

13

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

14

   Authorise the Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

15

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

G4S plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

16

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

18

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

19

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

MasterCard Incorporated

 

Meeting Date: 06/09/2015   Country: USA   Primary Security ID: 57636Q104
Record Date: 04/15/2015   Meeting Type: Annual   Ticker: MA
         
Primary CUSIP: 57636Q104   Primary ISIN: US57636Q1040   Primary SEDOL: B121557
         
  Shares Voted: 55,980  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Richard Haythornthwaite    Mgmt    Yes    For    For

1b

   Elect Director Ajay Banga    Mgmt    Yes    For    For

1c

   Elect Director Silvio Barzi    Mgmt    Yes    For    For

1d

   Elect Director David R. Carlucci    Mgmt    Yes    For    For

1e

   Elect Director Steven J. Freiberg    Mgmt    Yes    For    For

1f

   Elect Director Julius Genachowski    Mgmt    Yes    For    For

1g

   Elect Director Merit E. Janow    Mgmt    Yes    For    For

1h

   Elect Director Nancy J. Karch    Mgmt    Yes    For    For

1i

   Elect Director Marc Olivie    Mgmt    Yes    For    For

1j

   Elect Director Rima Qureshi    Mgmt    Yes    For    For

1k

   Elect Director Jose Octavio Reyes Lagunes    Mgmt    Yes    For    For

1l

   Elect Director Jackson P. Tai    Mgmt    Yes    For    For

1m

   Elect Director Edward Suning Tian    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Amend Executive Incentive Bonus Plan    Mgmt    Yes    For    For

4

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Miramar Hotel & Investment Co., Ltd.

 

Meeting Date: 06/10/2015   Country: Hong Kong   Primary Security ID: Y60757138
Record Date: 06/05/2015   Meeting Type: Annual   Ticker: 00071
         
Primary CUSIP: Y60757138   Primary ISIN: HK0071000456   Primary SEDOL: 6596451
         
  Shares Voted: 109,796  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3a

   Elect Timpson Chung Shui Ming as Director    Mgmt    Yes    For    For

3b

   Elect Norman Ho Hau Chong as Director    Mgmt    Yes    For    For

3c

   Elect Colin Lam Ko Yin as Director    Mgmt    Yes    For    For

3d

   Elect Thomas Liang Cheung Biu as Director    Mgmt    Yes    For    For

3e

   Elect Howard Yeung Ping Leung as Director    Mgmt    Yes    For    For

4

   Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

5

   Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights    Mgmt    Yes    For    For

6

   Authorize Repurchase of Issued Share Capital    Mgmt    Yes    For    For

7

   Authorize Reissuance of Repurchased Shares    Mgmt    Yes    For    For

Honda Motor Co. Ltd.

 

Meeting Date: 06/17/2015   Country: Japan   Primary Security ID: J22302111
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 7267
         
Primary CUSIP: J22302111   Primary ISIN: JP3854600008   Primary SEDOL: 6435145
         
  Shares Voted: 51,200  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Allocation of Income, with a Final Dividend of JPY 22    Mgmt    Yes    For    For

2.1

   Elect Director Ike, Fumihiko    Mgmt    Yes    For    For

2.2

   Elect Director Ito, Takanobu    Mgmt    Yes    For    For

2.3

   Elect Director Iwamura, Tetsuo    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Honda Motor Co. Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2.4

   Elect Director Fukuo, Koichi    Mgmt    Yes    For    For

2.5

   Elect Director Matsumoto, Yoshiyuki    Mgmt    Yes    For    For

2.6

   Elect Director Yamane, Yoshi    Mgmt    Yes    For    For

2.7

   Elect Director Hachigo, Takahiro    Mgmt    Yes    For    For

2.8

   Elect Director Yoshida, Masahiro    Mgmt    Yes    For    For

2.9

   Elect Director Takeuchi, Kohei    Mgmt    Yes    For    For

2.10

   Elect Director Kuroyanagi, Nobuo    Mgmt    Yes    For    For

2.11

   Elect Director Kunii, Hideko    Mgmt    Yes    For    For

2.12

   Elect Director Aoyama, Shinji    Mgmt    Yes    For    For

2.13

   Elect Director Kaihara, Noriya    Mgmt    Yes    For    For

2.14

   Elect Director Igarashi, Masayuki    Mgmt    Yes    For    For

3.1

   Appoint Statutory Auditor Takaura, Hideo    Mgmt    Yes    For    For

3.2

   Appoint Statutory Auditor Tamura, Mayumi    Mgmt    Yes    For    For

Krones AG

 

Meeting Date: 06/17/2015   Country: Germany   Primary Security ID: D47441171
Record Date: 05/26/2015   Meeting Type: Annual   Ticker: KRN
         
Primary CUSIP: D47441171   Primary ISIN: DE0006335003   Primary SEDOL: 5523881
         
  Shares Voted: 26,726  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 1.25 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Ratify KPMG Bayerische Treuhandgesellschaft AG as Auditors for Fiscal 2015    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Mandom Corp.

 

Meeting Date: 06/23/2015   Country: Japan   Primary Security ID: J39659107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 4917
         
Primary CUSIP: J39659107   Primary ISIN: JP3879400004   Primary SEDOL: 6560973
         
  Shares Voted: 21,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Allocation of Income, with a Final Dividend of JPY 39    Mgmt    Yes    For    For

2

   Amend Articles to Indemnify Directors - Indemnify Statutory Auditors    Mgmt    Yes    For    For

3.1

   Elect Director Nishimura, Motonobu    Mgmt    Yes    For    For

3.2

   Elect Director Momota, Masayoshi    Mgmt    Yes    For    For

3.3

   Elect Director Terabayashi, Ryuichi    Mgmt    Yes    For    For

3.4

   Elect Director Kitamura, Tatsuyoshi    Mgmt    Yes    For    For

3.5

   Elect Director Nakajima, Satoshi    Mgmt    Yes    For    For

3.6

   Elect Director Nagao, Satoshi    Mgmt    Yes    For    For

4

   Appoint Alternate Statutory Auditor Asada, Kazuyuki    Mgmt    Yes    For    For

Lintec Corp.

 

Meeting Date: 06/24/2015   Country: Japan   Primary Security ID: J13776109
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 7966
         
Primary CUSIP: J13776109   Primary ISIN: JP3977200009   Primary SEDOL: 6330080
         
  Shares Voted: 61,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Amend Articles to Amend Business Lines - Adopt Board Structure with Audit Committee - Authorize Directors to Execute Day to Day Operations without Full Board Approval - Increase Maximum Board Size - Indemnify Directors    Mgmt    Yes    For    For

2.1

   Elect Director Ouchi, Akihiko    Mgmt    Yes    For    For

2.2

   Elect Director Nishio, Hiroyuki    Mgmt    Yes    For    For

2.3

   Elect Director Asai, Hitoshi    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Lintec Corp.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2.4

   Elect Director Kawasaki, Shigeru    Mgmt    Yes    For    For

2.5

   Elect Director Koyama, Koji    Mgmt    Yes    For    For

2.6

   Elect Director Ebe, Kazuyoshi    Mgmt    Yes    For    For

2.7

   Elect Director Nakamura, Takashi    Mgmt    Yes    For    For

2.8

   Elect Director Kawamura, gohei    Mgmt    Yes    For    For

2.9

   Elect Director Mochizuki, Tsunetoshi    Mgmt    Yes    For    For

2.10

   Elect Director Morikawa, Shuji    Mgmt    Yes    For    For

2.11

   Elect Director Hattori, Makoto    Mgmt    Yes    For    For

2.12

   Elect Director Sato, Shinichi    Mgmt    Yes    For    For

3.1

   Elect Director and Audit Committee Member Yamamoto, Toshio    Mgmt    Yes    For    For

3.2

   Elect Director and Audit Committee Member Nozawa, Toru    Mgmt    Yes    For    Against

3.3

   Elect Director and Audit Committee Member Ooka, Satoshi    Mgmt    Yes    For    For

3.4

   Elect Director and Audit Committee Member osawa, Kanako    Mgmt    Yes    For    For

4

   Approve Aggregate Compensation Ceiling for Directors Who Are Not Audit Committee Members    Mgmt    Yes    For    For

5

   Approve Aggregate Compensation Ceiling for Directors Who Are Audit Committee Members    Mgmt    Yes    For    For

6

   Approve Takeover Defense Plan (Poison Pill)    Mgmt    Yes    For    Against

Shinko Shoji Co. Ltd.

 

Meeting Date: 06/24/2015   Country: Japan   Primary Security ID: J73369118
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 8141
         
Primary CUSIP: J73369118   Primary ISIN: JP3374200008   Primary SEDOL: 6804972
         
  Shares Voted: 40,100  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Kitai, Akio    Mgmt    Yes    For    For

1.2

   Elect Director Ogawa, Tatsuya    Mgmt    Yes    For    For

1.3

   Elect Director Sasaki, Takamichi    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Shinko Shoji Co. Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.4

   Elect Director Inaba, Junichi    Mgmt    Yes    For    For

1.5

   Elect Director Masaki, Teru    Mgmt    Yes    For    For

1.6

   Elect Director Yuge, Fumitaka    Mgmt    Yes    For    For

1.7

   Elect Director Hosono, Katsuhiro    Mgmt    Yes    For    For

1.8

   Elect Director Miyazawa, Kiyotaka    Mgmt    Yes    For    For

1.9

   Elect Director Oura, Toshio    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Yanai, Ginjiro    Mgmt    Yes    For    For

3

   Approve Aggregate Compensation Ceilings for Directors and Equity Compensation Plan    Mgmt    Yes    For    For

Daegu Department Store Co.

 

Meeting Date: 06/26/2015   Country: South Korea   Primary Security ID: Y2156T107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 006370
         
Primary CUSIP: Y2156T107   Primary ISIN: KR7006370001   Primary SEDOL: 6249294
         
  Shares Voted: 22,040  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

2

   Amend Articles of Incorporation    Mgmt    Yes    For    For

3.1

   Elect Choi Jung-Sook as Inside Director    Mgmt    Yes    For    For

3.2

   Elect Kwon Tae-Ri as Outside Director    Mgmt    Yes    For    For

3.3

   Elect Kim Sang-Hee as Outside Director    Mgmt    Yes    For    For

4.1

   Elect Lee Sun-Woo as Member of Audit Committee    Mgmt    Yes    For    For

4.2

   Elect Kwon Tae-Ri as Member of Audit Committee    Mgmt    Yes    For    For

4.3

   Elect Kim Sang-Hee as Member of Audit Committee    Mgmt    Yes    For    For

5

   Approve Total Remuneration of Inside Directors and Outside Directors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

NGK Spark Plug Co. Ltd.

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J49119100
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 5334
         
Primary CUSIP: J49119100   Primary ISIN: JP3738600000   Primary SEDOL: 6619604
         
  Shares Voted: 83,600  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Odo, Shinichi    Mgmt    Yes    For    For

1.2

   Elect Director Oshima, Takafumi    Mgmt    Yes    For    For

1.3

   Elect Director Shibagaki, Shinji    Mgmt    Yes    For    For

1.4

   Elect Director Kawajiri, Shogo    Mgmt    Yes    For    For

1.5

   Elect Director Nakagawa, Takeshi    Mgmt    Yes    For    For

1.6

   Elect Director Okawa, Teppei    Mgmt    Yes    For    For

1.7

   Elect Director Okuyama, Masahiko    Mgmt    Yes    For    For

1.8

   Elect Director Kawai, Takeshi    Mgmt    Yes    For    For

1.9

   Elect Director Otaki, Morihiko    Mgmt    Yes    For    For

1.10

   Elect Director Yasui, Kanemaru    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Mizuno, Fumio    Mgmt    Yes    For    For

Nihon Kagaku Sangyo

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J50237106
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 4094
         
Primary CUSIP: J50237106   Primary ISIN: JP3692000007   Primary SEDOL: 6640024
         
  Shares Voted: 20,200  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Amend Articles to Indemnify Directors - Indemnify Statutory Auditors    Mgmt    Yes    For    For

2.1

   Elect Director Yanagisawa, Eiji    Mgmt    Yes    For    For

2.2

   Elect Director Kuno, Tadao    Mgmt    Yes    For    For

2.3

   Elect Director Kobayashi, Norio    Mgmt    Yes    For    For

2.4

   Elect Director Sakurai, Shunji    Mgmt    Yes    For    For

2.5

   Elect Director Choji, Mikio    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Nihon Kagaku Sangyo

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2.6

   Elect Director Kashima, Hajime    Mgmt    Yes    For    For

2.7

   Elect Director Nose, Kenzo    Mgmt    Yes    For    For

2.8

   Elect Director Inoue, Yukio    Mgmt    Yes    For    For

2.9

   Elect Director Yoshinari, Masayuki    Mgmt    Yes    For    For

3

   Approve Annual Bonus Payment to Directors and Statutory Auditors    Mgmt    Yes    For    For

4

   Approve Takeover Defense Plan (Poison Pill)    Mgmt    Yes    For    Against

Nippon Kanzai Co. Ltd.

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J54150107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 9728
         
Primary CUSIP: J54150107   Primary ISIN: JP3695000004   Primary SEDOL: 6639549
         
  Shares Voted: 9,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Allocation of Income, with a Final Dividend of JPY 28    Mgmt    Yes    For    For

2

   Amend Articles to Abolish Board Structure with Statutory Auditors - Adopt Board Structure with Audit Committee - Authorize Directors to Execute Day to Day Operations without Full Board Approval - Increase Maximum Board Size - Indemnify Directors    Mgmt    Yes    For    For

3.1

   Elect Director Fukuda, Takeshi    Mgmt    Yes    For    For

3.2

   Elect Director Fukuda, Shintaro    Mgmt    Yes    For    For

3.3

   Elect Director Yasuda, Mamoru    Mgmt    Yes    For    For

3.4

   Elect Director Tokuyama, Yoshikazu    Mgmt    Yes    For    For

3.5

   Elect Director Takahashi, Kunio    Mgmt    Yes    For    For

3.6

   Elect Director Jono, Shigeru    Mgmt    Yes    For    For

3.7

   Elect Director Kominami, Hiroshi    Mgmt    Yes    For    For

3.8

   Elect Director Amano, Kenji    Mgmt    Yes    For    For

3.9

   Elect Director Nishioka, Nobutoshi    Mgmt    Yes    For    For

3.10

   Elect Director Harada, Yasuhiro    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

Nippon Kanzai Co. Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3.11

   Elect Director Akai, Toshio    Mgmt    Yes    For    For

3.12

   Elect Director Ohara, Yoshiaki    Mgmt    Yes    For    For

3.13

   Elect Director Wakamatsu, Masahiro    Mgmt    Yes    For    For

4.1

   Elect Director and Audit Committee Member Makino, Hiroshi    Mgmt    Yes    For    For

4.2

   Elect Director and Audit Committee Member Niwa, Kenzo    Mgmt    Yes    For    For

4.3

   Elect Director and Audit Committee Member Yamashita, Yoshiro    Mgmt    Yes    For    For

4.4

   Elect Director and Audit Committee Member Kosuga, Kota    Mgmt    Yes    For    For

5

   Approve Aggregate Compensation Ceilings for Directors Who Are Not Audit Committee Members and Directors Who Are Audit Committee Members    Mgmt    Yes    For    For

6

   Approve Retirement Bonuses and Special Payments Related to Retirement Bonus System Abolition    Mgmt    Yes    For    For

SEC Carbon Ltd.

 

Meeting Date: 06/26/2015   Country: Japan   Primary Security ID: J69929107
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 5304
         
Primary CUSIP: J69929107   Primary ISIN: JP3161600006   Primary SEDOL: 6763794
         
  Shares Voted: 23,900  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Otani, Tamiaki    Mgmt    Yes    For    For

1.2

   Elect Director Sakon, Keiichi    Mgmt    Yes    For    For

1.3

   Elect Director Ninomiya, Hirofumi    Mgmt    Yes    For    For

1.4

   Elect Director Kinugasa, Hirokazu    Mgmt    Yes    For    For

1.5

   Elect Director Mizutani, Tomo    Mgmt    Yes    For    For

1.6

   Elect Director Tachibana, Hiroshi    Mgmt    Yes    For    For

1.7

   Elect Director Otani, Hisakazu    Mgmt    Yes    For    For

2

   Appoint Statutory Auditor Tokuda, Masahide    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

 

PARAMETERS

Location(s): Tweedy, Browne Company LLC.

Account Group(s): All Account Groups

Institution Account(s): Tweedy, Browne Global Value Fund II - Currency Unhedged

Custodian Account(s): All Custodian Accounts

Additional Policy: None

ADR Meetings: All Meetings

Ballot Statuses: All Statuses

Contrary Votes: All Votes

Date Format: MM/DD/YYYY

Header Display: Repeat Headers for Any Meeting Split by Multiple Pages

Markets: All Markets

Meeting ID’s: All Meeting ID’s

Meeting Types: All Meeting Types

PoA Markets: All Markets

Proposal Proponents: All Proponents

Rationale: All Rationale

Recommendations: All Recommendations

Record Date Markets: All Markets

Shareblocking Markets: All Markets

Sort Order: Meeting Date, Company Name

Vote Instructions: All Instructions

Voting Policies: All Policies

Zero (0) Share Ballots: Exclude 0 Share Ballots

Account Watchlist: None

Country Watchlist: None

Issuer Watchlist: None

Proposal Code Watchlist: None

Proposal Code Watchlist - Agenda Output: Include Exact Matches Only


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Diageo plc

 

Meeting Date: 09/18/2014   Country: United Kingdom   Primary Security ID: G42089113
Record Date: 08/12/2014   Meeting Type: Annual   Ticker: DGE
         
Primary CUSIP: G42089113   Primary ISIN: GB0002374006   Primary SEDOL: 0237400
         
  Shares Voted: 143,583  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Meeting for ADR Holders    Mgmt    No      

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration Policy    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Peggy Bruzelius as Director    Mgmt    Yes    For    For

6

   Re-elect Laurence Danon as Director    Mgmt    Yes    For    For

7

   Re-elect Lord Davies of Abersoch as Director    Mgmt    Yes    For    For

8

   Re-elect Ho KwonPing as Director    Mgmt    Yes    For    For

9

   Re-elect Betsy Holden as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Franz Humer as Director    Mgmt    Yes    For    For

11

   Re-elect Deirdre Mahlan as Director    Mgmt    Yes    For    For

12

   Re-elect Ivan Menezes as Director    Mgmt    Yes    For    For

13

   Re-elect Philip Scott as Director    Mgmt    Yes    For    For

14

   Elect Nicola Mendelsohn as Director    Mgmt    Yes    For    For

15

   Elect Alan Stewart as Director    Mgmt    Yes    For    For

16

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

21

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

22

   Approve 2014 Long Term Incentive Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Akzo Nobel NV

 

Meeting Date: 10/08/2014   Country: Netherlands   Primary Security ID: N01803100
Record Date: 09/10/2014   Meeting Type: Special   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 73,995  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Special Meeting    Mgmt    No      

1

   Elect M. Castella to Management Board    Mgmt    Yes    For    For

Cisco Systems, Inc.

 

Meeting Date: 11/20/2014   Country: USA   Primary Security ID: 17275R102
Record Date: 09/22/2014   Meeting Type: Annual   Ticker: CSCO
         
Primary CUSIP: 17275R102   Primary ISIN: US17275R1023   Primary SEDOL: 2198163
         
  Shares Voted: 527,475  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Carol A. Bartz    Mgmt    Yes    For    For

1b

   Elect Director M. Michele Burns    Mgmt    Yes    For    For

1c

   Elect Director Michael D. Capellas    Mgmt    Yes    For    For

1d

   Elect Director John T. Chambers    Mgmt    Yes    For    For

1e

   Elect Director Brian L. Halla    Mgmt    Yes    For    For

1f

   Elect Director John L. Hennessy    Mgmt    Yes    For    For

1g

   Elect Director Kristina M. Johnson    Mgmt    Yes    For    For

1h

   Elect Director Roderick C. McGeary    Mgmt    Yes    For    For

1i

   Elect Director Arun Sarin    Mgmt    Yes    For    For

1j

   Elect Director Steven M. West    Mgmt    Yes    For    For

2

   Amend Qualified Employee Stock Purchase Plan    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Ratify Auditors    Mgmt    Yes    For    For

5

   Establish Public Policy Board Committee    SH    Yes    Against    Against

6

   Adopt Proxy Access Right    SH    Yes    Against    Against

7

   Report on Political Contributions    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

UniFirst Corporation

 

Meeting Date: 01/13/2015   Country: USA   Primary Security ID: 904708104
Record Date: 11/19/2014   Meeting Type: Annual   Ticker: UNF
         
Primary CUSIP: 904708104   Primary ISIN: US9047081040   Primary SEDOL: 2466428
         
  Shares Voted: 55,857  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Kathleen M. Camilli    Mgmt    Yes    For    For

1.2

   Elect Director Michael Iandoli    Mgmt    Yes    For    For

2

   Amend Omnibus Stock Plan    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Ratify Auditors    Mgmt    Yes    For    For

Emerson Electric Co.

 

Meeting Date: 02/03/2015   Country: USA   Primary Security ID: 291011104
Record Date: 11/25/2014   Meeting Type: Annual   Ticker: EMR
         
Primary CUSIP: 291011104   Primary ISIN: US2910111044   Primary SEDOL: 2313405
         
  Shares Voted: 129,850  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director A. F. Golden    Mgmt    Yes    For    For

1.2

   Elect Director W. R. Johnson    Mgmt    Yes    For    For

1.3

   Elect Director C. Kendle    Mgmt    Yes    For    For

1.4

   Elect Director J. S. Turley    Mgmt    Yes    For    For

1.5

   Elect Director A. A. Busch, III    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Emerson Electric Co.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3

   Approve Omnibus Stock Plan    Mgmt    Yes    For    For

4

   Amend Executive Incentive Bonus Plan    Mgmt    Yes    For    For

5

   Ratify Auditors    Mgmt    Yes    For    For

6

   Report on Sustainability, Including GHG Goals    SH    Yes    Against    Against

7

   Report on Political Contributions    SH    Yes    Against    Against

8

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

Novartis AG

 

Meeting Date: 02/27/2015   Country: Switzerland   Primary Security ID: H5820Q150
Record Date:   Meeting Type: Annual   Ticker: NOVN
         
Primary CUSIP: H5820Q150   Primary ISIN: CH0012005267   Primary SEDOL: 7103065
         
  Shares Voted: 304,545  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.60 per Share    Mgmt    Yes    For    For

4

   Approve CHF 14.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

5

   Amend Articles Re: Ordinance Against Excessive Remuneration at Listed Companies    Mgmt    Yes    For    For

6.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 7.7 Million    Mgmt    Yes    For    For

6.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 84 Million    Mgmt    Yes    For    For

6.3

   Approve Remuneration Report    Mgmt    Yes    For    For

7.1

   Reelect Joerg Reinhardt as Director and Board Chairman    Mgmt    Yes    For    For

7.2

   Reelect Dimitri Azar as Director    Mgmt    Yes    For    For

7.3

   Reelect Verena Briner as Director    Mgmt    Yes    For    For

7.4

   Reelect Srikant Datar as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Novartis AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

7.5

   Reelect Ann Fudge as Director    Mgmt    Yes    For    For

7.6

   Reelect Pierre Landolt as Director    Mgmt    Yes    For    For

7.7

   Reelect Andreas von Planta as Director    Mgmt    Yes    For    For

7.8

   Reelect Charles Sawyers as Director    Mgmt    Yes    For    For

7.9

   Reelect Enrico Vanni as Director    Mgmt    Yes    For    For

7.10

   Reelect William Winters as Director    Mgmt    Yes    For    For

7.11

   Elect Nancy Andrews as Director    Mgmt    Yes    For    For

8.1

   Appoint Srikant Datar as Member of the Compensation Committee    Mgmt    Yes    For    For

8.2

   Appoint Ann Fudge as Member of the Compensation Committee    Mgmt    Yes    For    For

8.3

   Appoint Enrico Vanni as Member of the Compensation Committee    Mgmt    Yes    For    For

8.4

   Appoint William Winters as Member of the Compensation Committee    Mgmt    Yes    For    For

9

   Ratify PricewaterhouseCoopers AG as Auditors    Mgmt    Yes    For    For

10

   Designate Peter Zahn as Independent Proxy    Mgmt    Yes    For    For

11

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Joy Global Inc.

 

Meeting Date: 03/10/2015   Country: USA   Primary Security ID: 481165108
Record Date: 01/09/2015   Meeting Type: Annual   Ticker: JOY
         
Primary CUSIP: 481165108   Primary ISIN: US4811651086   Primary SEDOL: 2781905
         
  Shares Voted: 85,358  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Edward L. Doheny, II    Mgmt    Yes    For    For

1.2

   Elect Director Steven L. Gerard    Mgmt    Yes    For    For

1.3

   Elect Director Mark J. Gliebe    Mgmt    Yes    For    For

1.4

   Elect Director John T. Gremp    Mgmt    Yes    For    For

1.5

   Elect Director John Nils Hanson    Mgmt    Yes    For    For

1.6

   Elect Director Gale E. Klappa    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Joy Global Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.7

   Elect Director Richard B. Loynd    Mgmt    Yes    For    For

1.8

   Elect Director P. Eric Siegert    Mgmt    Yes    For    For

1.9

   Elect Director James H. Tate    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

Halliburton Company

 

Meeting Date: 03/27/2015   Country: USA   Primary Security ID: 406216101
Record Date: 02/17/2015   Meeting Type: Special   Ticker: HAL
         
Primary CUSIP: 406216101   Primary ISIN: US4062161017   Primary SEDOL: 2405302
         
  Shares Voted: 307,865  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Issue Shares in Connection with Acquisition    Mgmt    Yes    For    For

2

   Adjourn Meeting    Mgmt    Yes    For    For

Zurich Insurance Group AG

 

Meeting Date: 04/01/2015   Country: Switzerland   Primary Security ID: H9870Y105
Record Date:   Meeting Type: Annual   Ticker: ZURN
         
Primary CUSIP: H9870Y105   Primary ISIN: CH0011075394   Primary SEDOL: 5983816
         
  Shares Voted: 38,415  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report    Mgmt    Yes    For    For

2.1

   Approve Allocation of Income    Mgmt    Yes    For    For

2.2

   Approve Dividends of CHF 17.00 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Zurich Insurance Group AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.1a

   Reelect Tom de Swaan as Director and Board Chairman    Mgmt    Yes    For    For

4.1b

   Reelect Susan Bies as Director    Mgmt    Yes    For    For

4.1c

   Reelect Alison Carnwath as Director    Mgmt    Yes    For    For

4.1d

   Reelect Rafael del Pino as Director    Mgmt    Yes    For    For

4.1e

   Reelect Thomas Escher as Director    Mgmt    Yes    For    For

4.1f

   Reelect Christoph Franz as Director    Mgmt    Yes    For    For

4.1g

   Reelect Fred Kindle as Director    Mgmt    Yes    For    For

4.1h

   Reelect Monica Maechler as Director    Mgmt    Yes    For    For

4.1i

   Reelect Don Nicolaisen as Director    Mgmt    Yes    For    For

4.1j

   Elect Joan Amble as Director    Mgmt    Yes    For    For

4.1.k

   Elect Kishore Mahbubani as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Alison Carnwath as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Tom de Swaan as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Rafael del Pino as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.4

   Appoint Thomas Escher as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.5

   Appoint Christoph Franz as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3

   Designate Andreas Keller as Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify PricewaterhouseCoopers as Auditors    Mgmt    Yes    For    For

5.1

   Approve Maximum Remuneration of Board of Directors Until 2016 AGM in the Amount of CHF 4.9 Million    Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee for Fiscal 2016 in the Amount of CHF 75.9 Million    Mgmt    Yes    For    For

6

   Amend Articles Re: Commercial Accounting and Financial Reporting    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Henkel AG & Co. KGaA

 

Meeting Date: 04/13/2015   Country: Germany   Primary Security ID: D3207M110
Record Date: 03/22/2015   Meeting Type: Annual   Ticker: HEN3
         
Primary CUSIP: D32051126   Primary ISIN: DE0006048432   Primary SEDOL: 5076705
         
  Shares Voted: 132,780  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Meeting for Common and Preferred Shareholders; Only Common Shareholders Can Vote    Mgmt    No      

1

   Accept Annual Financial Statement    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of EUR 1.29 per Ordinary Share and EUR 1.31 per Preferred Share    Mgmt    Yes    For    For

3

   Approve Discharge of the Personally Liable Partner for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Approve Discharge of the Shareholders’ Committee for Fiscal 2014    Mgmt    Yes    For    For

6

   Ratify KPMG AG as Auditors for Fiscal 2015    Mgmt    Yes    For    For

7

   Approve Affiliation Agreements with Subsidiaries Henkel Vierte Verwaltungsgesellschaft mbH, Henkel Fünfte Verwaltungsgesellschaft mbH, and Schwarzkopf & Henkel Production Europe Geschäftsführungsgesellschaft mbH    Mgmt    Yes    For    For

8

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

9

   Approve Creation of EUR 43.8 Million Pool of Capital with Partial Exclusion of Preemptive Rights    Mgmt    Yes    For    For

10

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Axel Springer SE

 

Meeting Date: 04/14/2015   Country: Germany   Primary Security ID: D76169115
Record Date:   Meeting Type: Annual   Ticker: SPR
         
Primary CUSIP: D76169115   Primary ISIN: DE0005501357   Primary SEDOL: 4647317
         
  Shares Voted: 164,718  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 1.80 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4.1

   Approve Discharge of Supervisory Board Members Other than Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

4.2

   Approve Discharge of Supervisory Board Member Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

5.1

   Ratify Ernst & Young GmbH as Auditors for Fiscal 2015    Mgmt    Yes    For    For

5.2

   Ratify Ernst & Young GmbH as Auditors for 2015 First Half Financial Statement    Mgmt    Yes    For    For

6

   Approve Creation of EUR 11 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    For

7

   Approve Affiliation Agreements with Siebenundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

8

   Approve Affiliation Agreements with Achtundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

9

   Approve Affiliation Agreements with Neunundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

The Bank of New York Mellon Corporation

 

Meeting Date: 04/14/2015   Country: USA   Primary Security ID: 064058100
Record Date: 02/13/2015   Meeting Type: Annual   Ticker: BK
         
Primary CUSIP: 064058100   Primary ISIN: US0640581007   Primary SEDOL: B1Z77F6
         
  Shares Voted: 393,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Nicholas M. Donofrio    Mgmt    Yes    For    For

1.2

   Elect Director Joseph J. Echevarria    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

The Bank of New York Mellon Corporation

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.3

   Elect Director Edward P. Garden    Mgmt    Yes    For    For

1.4

   Elect Director Jeffrey A. Goldstein    Mgmt    Yes    For    For

1.5

   Elect Director Gerald L. Hassell    Mgmt    Yes    For    For

1.6

   Elect Director John M. Hinshaw    Mgmt    Yes    For    For

1.7

   Elect Director Edmund F. ‘Ted’ Kelly    Mgmt    Yes    For    For

1.8

   Elect Director Richard J. Kogan    Mgmt    Yes    For    For

1.9

   Elect Director John A. Luke, Jr.    Mgmt    Yes    For    For

1.10

   Elect Director Mark A. Nordenberg    Mgmt    Yes    For    For

1.11

   Elect Director Catherine A. Rein    Mgmt    Yes    For    For

1.12

   Elect Director William C. Richardson    Mgmt    Yes    For    For

1.13

   Elect Director Samuel C. Scott, III    Mgmt    Yes    For    For

1.14

   Elect Director Wesley W. von Schack    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

Mediaset Espana Comunicacion SA

 

Meeting Date: 04/15/2015   Country: Spain   Primary Security ID: E7418Y101
Record Date: 04/10/2015   Meeting Type: Annual   Ticker: TL5
         
Primary CUSIP: E56793107   Primary ISIN: ES0152503035   Primary SEDOL: B01G2K0
         
  Shares Voted: 460,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Consolidated and Standalone Financial Statements    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends    Mgmt    Yes    For    For

3

   Approve Special Dividends    Mgmt    Yes    For    For

4

   Approve Discharge of Board    Mgmt    Yes    For    For

5.1

   Reelect José Ramón Alvarez-Rendueles as Director    Mgmt    Yes    For    For

5.2

   Reelect Angel Durández Adeva as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Mediaset Espana Comunicacion SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

5.3

   Reelect Francisco de Borja Prado Eulate as Director    Mgmt    Yes    For    For

6

   Fix Number of Directors at 13    Mgmt    Yes    For    For

7

   Approve Remuneration of Directors    Mgmt    Yes    For    For

8

   Approve Stock-for-Salary Plan    Mgmt    Yes    For    For

9

   Approve Reduction in Share Capital via Amortization of Treasury Shares    Mgmt    Yes    For    For

10

   Authorize Share Repurchase and Capital Reduction via Amortization of Repurchased Shares    Mgmt    Yes    For    For

11.1

   Amend Article 1 Re: Company Name    Mgmt    Yes    For    For

11.2

   Amend Articles Re: Share Capital and Shares    Mgmt    Yes    For    For

11.3

   Amend Article 16 Re: Bonds and Other Securities    Mgmt    Yes    For    For

11.4

   Amend Articles Re: General Meetings and Board of Directors    Mgmt    Yes    For    For

11.5

   Amend Articles Re: Board of Directors    Mgmt    Yes    For    For

11.6

   Amend Articles Re: Annual Corporate Governance Report and Corporate Website    Mgmt    Yes    For    For

11.7

   Amend Articles Re: Fiscal Year, Financial Statements, Liquidation and Jurisdiction    Mgmt    Yes    For    For

11.8

   Approve Restated Articles of Association    Mgmt    Yes    For    For

12.1

   Amend Articles of General Meeting Regulations Re: Introduction    Mgmt    Yes    For    For

12.2

   Amend Articles of General Meeting Regulations Re: Meeting Notice and Preparation    Mgmt    Yes    For    For

12.3

   Amend Articles of General Meeting Regulations
Re: Development of General Meeting
   Mgmt    Yes    For    For

12.4

   Approve Restated General Meeting Regulations    Mgmt    Yes    For    For

13

   Approve Notification on Amendments to Board Regulations    Mgmt    Yes    For    For

14

   Approve Remuneration Policy Report    Mgmt    Yes    For    For

15

   Authorize Board to Ratify and Execute Approved Resolutions    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Nestle SA

 

Meeting Date: 04/16/2015   Country: Switzerland   Primary Security ID: H57312649
Record Date: 03/09/2015   Meeting Type: Annual   Ticker: NESN
         
Primary CUSIP: H57312649   Primary ISIN: CH0038863350   Primary SEDOL: 7123870
         
  Shares Voted: 238,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Meeting for ADR Holders    Mgmt    No      

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report (Non-binding)    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.20 per Share    Mgmt    Yes    For    For

4.1a

   Reelect Peter Brabeck-Letmathe as Director    Mgmt    Yes    For    For

4.1b

   Reelect Paul Bulcke as Director    Mgmt    Yes    For    For

4.1c

   Reelect Andreas Koopmann as Director    Mgmt    Yes    For    For

4.1d

   Reelect Beat Hess as Director    Mgmt    Yes    For    For

4.1e

   Reelect Daniel Borel as Director    Mgmt    Yes    For    For

4.1f

   Reelect Steven G. Hoch as Director    Mgmt    Yes    For    For

4.1g

   Reelect Naïna Lal Kidwai as Director    Mgmt    Yes    For    For

4.1h

   Reelect Jean-Pierre Roth as Director    Mgmt    Yes    For    For

4.1i

   Reelect Ann M. Veneman as Director    Mgmt    Yes    For    For

4.1j

   Reelect Henri de Castries as Director    Mgmt    Yes    For    For

4.1k

   Reelect Eva Cheng as Director    Mgmt    Yes    For    For

4.2.1

   Elect Ruth Khasaya Oniang’o as Director    Mgmt    Yes    For    For

4.2.2

   Elect Patrick Aebischer as Director    Mgmt    Yes    For    For

4.2.3

   Elect Renato Fassbind as Director    Mgmt    Yes    For    For

4.3

   Elect Peter Brabeck-Letmathe as Board Chairman    Mgmt    Yes    For    For

4.4.1

   Appoint Beat Hess as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.2

   Appoint Daniel Borel as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.3

   Appoint Andreas Koopmann as Member of the Compensation Committee    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Nestle SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.4.4

   Appoint Jean-Pierre Roth as Member of the Compensation Committee    Mgmt    Yes    For    For

4.5

   Ratify KPMG SA as Auditors    Mgmt    Yes    For    For

4.6

   Designate Hartmann Dreyer as Independent Proxy    Mgmt    Yes    For    For

5.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 11 Million    Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 60 Million    Mgmt    Yes    For    For

6

   Approve CHF 3.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Additional And/or Counter-proposals Presented At The Meeting    Mgmt    Yes    For    For

Akzo Nobel NV

 

Meeting Date: 04/22/2015   Country: Netherlands   Primary Security ID: N01803100
Record Date: 03/25/2015   Meeting Type: Annual   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 73,995  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Open Meeting and Announcements    Mgmt    No      

2

   Receive Report of Management Board
(Non-Voting)
   Mgmt    No      

3.a

   Discuss Remuneration Report Containing Remuneration Policy for Management Board Members    Mgmt    No      

3.b

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3.c

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

3.d

   Approve Dividends of EUR 1.45 Per Share    Mgmt    Yes    For    For

4.a

   Approve Discharge of Management Board    Mgmt    Yes    For    For

4.b

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Akzo Nobel NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

5.a

   Elect D. Sluimers to Supervisory Board    Mgmt    Yes    For    For

5.b

   Reelect P. Bruzelius to Supervisory Board    Mgmt    Yes    For    For

6.a

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger    Mgmt    Yes    For    For

6.b

   Authorize Board to Exclude Preemptive Rights from Share Issuances    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

8

   Allow Questions and Close Meeting    Mgmt    No      

Heineken Holding NV

 

Meeting Date: 04/23/2015   Country: Netherlands   Primary Security ID: N39338194
Record Date: 03/26/2015   Meeting Type: Annual   Ticker: HEIO
         
Primary CUSIP: N39338194   Primary ISIN: NL0000008977   Primary SEDOL: B0CCH46
         
  Shares Voted: 297,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Receive Report of Management Board
(Non-Voting)
   Mgmt    No      

2

   Discuss Remuneration Report    Mgmt    No      

3

   Adopt Financial Statements    Mgmt    Yes    For    For

4

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

5

   Approve Discharge of the Board of Directors    Mgmt    Yes    For    For

6a

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6b

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital    Mgmt    Yes    For    For

6c

   Authorize Board to Exclude Preemptive Rights from Issuance under Item 6b    Mgmt    Yes    For    For

7a

   Reelect C.L. de Carvalho-Heineken as Executive Director    Mgmt    Yes    For    For

7b

   Relect C.M. Kwist as Non-Executive Director    Mgmt    Yes    For    For

7c

   Elect M.R. de Carvalho as Executive Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Johnson & Johnson

 

Meeting Date: 04/23/2015   Country: USA   Primary Security ID: 478160104
Record Date: 02/24/2015   Meeting Type: Annual   Ticker: JNJ
         
Primary CUSIP: 478160104   Primary ISIN: US4781601046   Primary SEDOL: 2475833
         
  Shares Voted: 246,189  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Mary Sue Coleman    Mgmt    Yes    For    For

1b

   Elect Director D. Scott Davis    Mgmt    Yes    For    For

1c

   Elect Director Ian E. L. Davis    Mgmt    Yes    For    For

1d

   Elect Director Alex Gorsky    Mgmt    Yes    For    For

1e

   Elect Director Susan L. Lindquist    Mgmt    Yes    For    For

1f

   Elect Director Mark B. McClellan    Mgmt    Yes    For    For

1g

   Elect Director Anne M. Mulcahy    Mgmt    Yes    For    For

1h

   Elect Director William D. Perez    Mgmt    Yes    For    For

1i

   Elect Director Charles Prince    Mgmt    Yes    For    For

1j

   Elect Director A. Eugene Washington    Mgmt    Yes    For    For

1k

   Elect Director Ronald A. Williams    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

4

   Policy Regarding Overextended Directors    SH    Yes    Against    Against

5

   Report on Consistency Between Corporate Values and Political Contributions    SH    Yes    Against    Against

6

   Require Independent Board Chairman    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Muenchener Rueckversicherungs-Gesellschaft AG

 

Meeting Date: 04/23/2015   Country: Germany   Primary Security ID: D55535104
Record Date:   Meeting Type: Annual   Ticker: MUV2
         
Primary CUSIP: D55535104   Primary ISIN: DE0008430026   Primary SEDOL: 5294121
         
  Shares Voted: 29,300  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Receive Report of the Supervisory Board, Corporate Governance Report and Remuneration Report for 2014 (Non-Voting)    Mgmt    No      

1.2

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of
EUR 7.75 per Share
   Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for
Fiscal 2014
   Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for
Fiscal 2014
   Mgmt    Yes    For    For

5

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

6

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Authorize Use of Financial Derivatives when Repurchasing Shares    Mgmt    Yes    For    For

8

   Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 3 Billion; Approve Creation of EUR 117 Million Pool of Capital to Guarantee Conversion Rights    Mgmt    Yes    For    For

9

   Approve Creation of EUR 10 Million Pool of Capital for Employee Stock Purchase Plan    Mgmt    Yes    For    For

10

   Amend Articles Re: Company Representation    Mgmt    Yes    For    For

AMERICAN NATIONAL INSURANCE COMPANY

 

Meeting Date: 04/24/2015   Country: USA   Primary Security ID: 028591105
Record Date: 03/02/2015   Meeting Type: Annual   Ticker: ANAT
         
Primary CUSIP: 028591105   Primary ISIN: US0285911055   Primary SEDOL: 2028420
         
  Shares Voted: 75,523  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director William C. Ansell    Mgmt    Yes    For    For

1.2

   Elect Director Arthur O. Dummer    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

AMERICAN NATIONAL INSURANCE COMPANY

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.3

   Elect Director Frances A. Moody-Dahlberg    Mgmt    Yes    For    For

1.4

   Elect Director Robert L. Moody, Sr.    Mgmt    Yes    For    For

1.5

   Elect Director Russell S. Moody    Mgmt    Yes    For    For

1.6

   Elect Director James P. Payne    Mgmt    Yes    For    For

1.7

   Elect Director E. J. ‘Jere’ Pederson    Mgmt    Yes    For    For

1.8

   Elect Director James E. Pozzi    Mgmt    Yes    For    For

1.9

   Elect Director James D. Yarbrough    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

HSBC Holdings plc

 

Meeting Date: 04/24/2015   Country: United Kingdom   Primary Security ID: G4634U169
Record Date: 04/23/2015   Meeting Type: Annual   Ticker: HSBA
         
Primary CUSIP: G4634U169   Primary ISIN: GB0005405286   Primary SEDOL: 0540528
         
  Shares Voted: 886,422  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3(a)

   Elect Phillip Ameen as Director    Mgmt    Yes    For    For

3(b)

   Elect Heidi Miller as Director    Mgmt    Yes    For    For

3(c)

   Re-elect Kathleen Casey as Director    Mgmt    Yes    For    For

3(d)

   Re-elect Safra Catz as Director    Mgmt    Yes    For    For

3(e)

   Re-elect Laura Cha as Director    Mgmt    Yes    For    For

3(f)

   Re-elect Lord Evans of Weardale as Director    Mgmt    Yes    For    For

3(g)

   Re-elect Joachim Faber as Director    Mgmt    Yes    For    For

3(h)

   Re-elect Rona Fairhead as Director    Mgmt    Yes    For    For

3(i)

   Re-elect Douglas Flint as Director    Mgmt    Yes    For    For

3(j)

   Re-elect Stuart Gulliver as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

HSBC Holdings plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

3(k)

   Re-elect Sam Laidlaw as Director    Mgmt    Yes    For    For

3(l)

   Re-elect John Lipsky as Director    Mgmt    Yes    For    For

3(m)

   Re-elect Rachel Lomax as Director    Mgmt    Yes    For    For

3(n)

   Re-elect Iain Mackay as Director    Mgmt    Yes    For    For

3(o)

   Re-elect Marc Moses as Director    Mgmt    Yes    For    For

3(p)

   Re-elect Sir Simon Robertson as Director    Mgmt    Yes    For    For

3(q)

   Re-elect Jonathan Symonds as Director    Mgmt    Yes    For    For

4

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

5

   Authorise the Group Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

6

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

7

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

8

   Authorise Directors to Allot Any Repurchased Shares    Mgmt    Yes    For    For

9

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

10

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

11

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

12

   Amend Savings-Related Share Option Plan (UK)    Mgmt    Yes    For    For

13

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

United Overseas Bank Limited

 

Meeting Date: 04/24/2015   Country: Singapore   Primary Security ID: Y9T10P105
Record Date:   Meeting Type: Annual   Ticker: U11
         
Primary CUSIP: V96194127   Primary ISIN: SG1M31001969   Primary SEDOL: 6916781
         
  Shares Voted: 539,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend and Special Dividend    Mgmt    Yes    For    For

3

   Approve Directors’ Fees    Mgmt    Yes    For    For

4

   Approve Fee to the Chairman Emeritus and Adviser of the Bank for the Period from January 2014 to December 2014    Mgmt    Yes    For    For

5

   Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

6

   Elect Hsieh Fu Hua as Director    Mgmt    Yes    For    For

7

   Elect Wee Ee Cheong as Director    Mgmt    Yes    For    For

8

   Elect Lim Hwee Hua as Director    Mgmt    Yes    For    For

9

   Elect Wee Cho Yaw as Director    Mgmt    Yes    For    For

10

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

11

   Approve Issuance of Shares Pursuant to the UOB Scrip Dividend Scheme    Mgmt    Yes    For    For

12

   Authorize Share Repurchase Program    Mgmt    Yes    For    For

Wells Fargo & Company

 

Meeting Date: 04/28/2015   Country: USA   Primary Security ID: 949746101
Record Date: 03/03/2015   Meeting Type: Annual   Ticker: WFC
         
Primary CUSIP: 949746101   Primary ISIN: US9497461015   Primary SEDOL: 2649100
         
  Shares Voted: 437,085  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director John D. Baker, II    Mgmt    Yes    For    For

1b

   Elect Director Elaine L. Chao    Mgmt    Yes    For    For

1c

   Elect Director John S. Chen    Mgmt    Yes    For    For

1d

   Elect Director Lloyd H. Dean    Mgmt    Yes    For    For

1e

   Elect Director Elizabeth A. Duke    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Wells Fargo & Company

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1f

   Elect Director Susan E. Engel    Mgmt    Yes    For    For

1g

   Elect Director Enrique Hernandez, Jr.    Mgmt    Yes    For    For

1h

   Elect Director Donald M. James    Mgmt    Yes    For    For

1i

   Elect Director Cynthia H. Milligan    Mgmt    Yes    For    For

1j

   Elect Director Federico F. Pena    Mgmt    Yes    For    For

1k

   Elect Director James H. Quigley    Mgmt    Yes    For    For

1l

   Elect Director Judith M. Runstad    Mgmt    Yes    For    For

1m

   Elect Director Stephen W. Sanger    Mgmt    Yes    For    For

1n

   Elect Director John G. Stumpf    Mgmt    Yes    For    For

1o

   Elect Director Susan G. Swenson    Mgmt    Yes    For    For

1p

   Elect Director Suzanne M. Vautrinot    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

4

   Require Independent Board Chairman    SH    Yes    Against    Against

5

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

Unilever NV

 

Meeting Date: 04/29/2015   Country: Netherlands   Primary Security ID: N8981F271
Record Date: 03/24/2015   Meeting Type: Annual   Ticker: UNA
         
Primary CUSIP: N8981F271   Primary ISIN: NL0000009355   Primary SEDOL: B12T3J1
         
  Shares Voted: 183,946  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Meeting for ADR Holders    Mgmt    No      

1

   Discussion of the Annual Report and Accounts for the 2014 financial year    Mgmt    No      

2

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

3

   Approve Discharge of Executive Board Members    Mgmt    Yes    For    For

4

   Approve Discharge of Non-Executive Board Members    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Unilever NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

5

   Reelect P G J M Polman as Executive Director    Mgmt    Yes    For    For

6

   Reelect R J-M S Huet as Executive Director    Mgmt    Yes    For    For

7

   Reelect L M Cha as Non-Executive Director    Mgmt    Yes    For    For

8

   Reelect L O Fresco as Non-Executive Director    Mgmt    Yes    For    For

9

   Reelect A M Fudge as Non-Executive Director    Mgmt    Yes    For    For

10

   Elect M Ma as Non-Executive Director    Mgmt    Yes    For    For

11

   Reelect H Nyasulu as Non-Executive Director    Mgmt    Yes    For    For

12

   Reelect J. Rishton as Non-Executive Director    Mgmt    Yes    For    For

13

   Reelect F Sijbesma as Non-Executive Director.    Mgmt    Yes    For    For

14

   Reelect M Treschow as Non-Executive Director    Mgmt    Yes    For    For

15

   Elect N S Andersen as Non-Executive Director    Mgmt    Yes    For    For

16

   Elect V Colao as Non-Executive Director    Mgmt    Yes    For    For

17

   Elect J Hartmann as Non-Executive Director    Mgmt    Yes    For    For

18

   Ratify KPMG as Auditors    Mgmt    Yes    For    For

19

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights    Mgmt    Yes    For    For

20

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

21

   Approve Cancellation of Repurchased Shares    Mgmt    Yes    For    For

22

   Close Meeting    Mgmt    No      

Unilever plc

 

Meeting Date: 04/30/2015   Country: United Kingdom   Primary Security ID: G92087165
Record Date: 03/24/2015   Meeting Type: Annual   Ticker: ULVR
         
Primary CUSIP: G92087165   Primary ISIN: GB00B10RZP78   Primary SEDOL: B10RZP7
         
  Shares Voted: 205,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Meeting for ADR Holders    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Unilever plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Re-elect Paul Polman as Director    Mgmt    Yes    For    For

4

   Re-elect Jean-Marc Huet as Director    Mgmt    Yes    For    For

5

   Re-elect Laura Cha as Director    Mgmt    Yes    For    For

6

   Re-elect Louise Fresco as Director    Mgmt    Yes    For    For

7

   Re-elect Ann Fudge as Director    Mgmt    Yes    For    For

8

   Re-elect Mary Ma as Director    Mgmt    Yes    For    For

9

   Re-elect Hixonia Nyasulu as Director    Mgmt    Yes    For    For

10

   Re-elect John Rishton as Director    Mgmt    Yes    For    For

11

   Re-elect Feike Sijbesma as Director    Mgmt    Yes    For    For

12

   Re-elect Michael Treschow as Director    Mgmt    Yes    For    For

13

   Elect Nils Andersen as Director    Mgmt    Yes    For    For

14

   Elect Vittorio Colao as Director    Mgmt    Yes    For    For

15

   Elect Dr Judith Hartmann as Director    Mgmt    Yes    For    For

16

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

21

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

22

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Berkshire Hathaway Inc.

 

Meeting Date: 05/02/2015   Country: USA   Primary Security ID: 084670702
Record Date: 03/04/2015   Meeting Type: Annual   Ticker: BRK.B
         
Primary CUSIP: 084670702   Primary ISIN: US0846707026   Primary SEDOL: 2073390
         
  Shares Voted: 30,706  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Warren E. Buffett    Mgmt    Yes    For    For

1.2

   Elect Director Charles T. Munger    Mgmt    Yes    For    For

1.3

   Elect Director Howard G. Buffett    Mgmt    Yes    For    For

1.4

   Elect Director Stephen B. Burke    Mgmt    Yes    For    For

1.5

   Elect Director Susan L. Decker    Mgmt    Yes    For    For

1.6

   Elect Director William H. Gates, III    Mgmt    Yes    For    For

1.7

   Elect Director David S. Gottesman    Mgmt    Yes    For    For

1.8

   Elect Director Charlotte Guyman    Mgmt    Yes    For    For

1.9

   Elect Director Thomas S. Murphy    Mgmt    Yes    For    For

1.10

   Elect Director Ronald L. Olson    Mgmt    Yes    For    For

1.11

   Elect Director Walter Scott, Jr.    Mgmt    Yes    For    For

1.12

   Elect Director Meryl B. Witmer    Mgmt    Yes    For    For

Baxter International Inc.

 

Meeting Date: 05/05/2015   Country: USA   Primary Security ID: 071813109
Record Date: 03/11/2015   Meeting Type: Annual   Ticker: BAX
         
Primary CUSIP: 071813109   Primary ISIN: US0718131099   Primary SEDOL: 2085102
         
  Shares Voted: 176,890  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Uma Chowdhry    Mgmt    Yes    For    For

1b

   Elect Director James R. Gavin, III    Mgmt    Yes    For    For

1c

   Elect Director Peter S. Hellman    Mgmt    Yes    For    For

1d

   Elect Director K. J. Storm    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Approve Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Pro-rata Vesting of Equity Awards    SH    Yes    Against    For

6

   Require Independent Board Chairman    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

CNP Assurances

 

Meeting Date: 05/06/2015   Country: France   Primary Security ID: F1876N318
Record Date: 04/30/2015   Meeting Type: Annual/Special   Ticker: CNP
         
Primary CUSIP: F1876N318   Primary ISIN: FR0000120222   Primary SEDOL: 5543986
         
  Shares Voted: 360,300  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.77 per Share    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Jean-Paul Faugere, Chairman    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Frederic Lavenir, CEO    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

8

   Amend Article 27 of Bylaws Re: Record Date    Mgmt    Yes    For    For

9

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million    Mgmt    Yes    For    For

10

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

11

   Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plans    Mgmt    Yes    For    For
   Ordinary Business    Mgmt    No      

12

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Philip Morris International Inc.

 

Meeting Date: 05/06/2015   Country: USA   Primary Security ID: 718172109
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: PM
         
Primary CUSIP: 718172109   Primary ISIN: US7181721090   Primary SEDOL: B2PKRQ3
         
  Shares Voted: 64,800  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Harold Brown    Mgmt    Yes    For    For

1.2

   Elect Director André Calantzopoulos    Mgmt    Yes    For    For

1.3

   Elect Director Louis C. Camilleri    Mgmt    Yes    For    For

1.4

   Elect Director Werner Geissler    Mgmt    Yes    For    For

1.5

   Elect Director Jennifer Li    Mgmt    Yes    For    For

1.6

   Elect Director Jun Makihara    Mgmt    Yes    For    For

1.7

   Elect Director Sergio Marchionne    Mgmt    Yes    For    For

1.8

   Elect Director Kalpana Morparia    Mgmt    Yes    For    For

1.9

   Elect Director Lucio A. Noto    Mgmt    Yes    For    For

1.10

   Elect Director Frederik Paulsen    Mgmt    Yes    For    For

1.11

   Elect Director Robert B. Polet    Mgmt    Yes    For    For

1.12

   Elect Director Stephen M. Wolf    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers SA as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Adopt Anti-Forced Labor Policy for Tobacco Supply Chain    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Standard Chartered plc

 

Meeting Date: 05/06/2015   Country: United Kingdom   Primary Security ID: G84228157
Record Date: 05/01/2015   Meeting Type: Annual   Ticker: STAN
         
Primary CUSIP: G84228157   Primary ISIN: GB0004082847   Primary SEDOL: 0408284
         
  Shares Voted: 1,360,600  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Approve Remuneration Report    Mgmt    Yes    For    For

4

   Elect Dr Byron Grote as Director    Mgmt    Yes    For    For

5

   Elect Andy Halford as Director    Mgmt    Yes    For    For

6

   Elect Gay Huey Evans as Director    Mgmt    Yes    For    For

7

   Elect Jasmine Whitbread as Director    Mgmt    Yes    For    For

8

   Re-elect Om Bhatt as Director    Mgmt    Yes    For    For

9

   Re-elect Dr Kurt Campbell as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Louis Cheung as Director    Mgmt    Yes    For    For

11

   Re-elect Dr Han Seung-soo as Director    Mgmt    Yes    For    For

12

   Re-elect Christine Hodgson as Director    Mgmt    Yes    For    For

13

   Re-elect Naguib Kheraj as Director    Mgmt    Yes    For    For

14

   Re-elect Simon Lowth as Director    Mgmt    Yes    For    For

15

   Re-elect Ruth Markland as Director    Mgmt    Yes    For    For

16

   Re-elect Sir John Peace as Director    Mgmt    Yes    For    For

17

   Re-elect Mike Rees as Director    Mgmt    Yes    For    For

18

   Re-elect Viswanathan Shankar as Director    Mgmt    No      

19

   Re-elect Paul Skinner as Director    Mgmt    Yes    For    For

20

   Re-elect Dr Lars Thunell as Director    Mgmt    Yes    For    For

21

   Appoint KPMG LLP as Auditors    Mgmt    Yes    For    For

22

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

23

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

24

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

25

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Standard Chartered plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

26

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

27

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

28

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

29

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

30

   Authorise Market Purchase of Preference Shares    Mgmt    Yes    For    For

31

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

3M Company

 

Meeting Date: 05/12/2015   Country: USA   Primary Security ID: 88579Y101
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: MMM
         
Primary CUSIP: 88579Y101   Primary ISIN: US88579Y1010   Primary SEDOL: 2595708
         
  Shares Voted: 94,535  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Linda G. Alvarado    Mgmt    Yes    For    For

1b

   Elect Director Sondra L. Barbour    Mgmt    Yes    For    For

1c

   Elect Director Thomas ‘Tony’ K. Brown    Mgmt    Yes    For    For

1d

   Elect Director Vance D. Coffman    Mgmt    Yes    For    For

1e

   Elect Director Michael L. Eskew    Mgmt    Yes    For    For

1f

   Elect Director Herbert L. Henkel    Mgmt    Yes    For    For

1g

   Elect Director Muhtar Kent    Mgmt    Yes    For    For

1h

   Elect Director Edward M. Liddy    Mgmt    Yes    For    For

1i

   Elect Director Inge G. Thulin    Mgmt    Yes    For    For

1j

   Elect Director Robert J. Ulrich    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

ConocoPhillips

 

Meeting Date: 05/12/2015   Country: USA   Primary Security ID: 20825C104
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: COP
         
Primary CUSIP: 20825C104   Primary ISIN: US20825C1045   Primary SEDOL: 2685717
         
  Shares Voted: 161,695  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Richard L. Armitage    Mgmt    Yes    For    For

1b

   Elect Director Richard H. Auchinleck    Mgmt    Yes    For    For

1c

   Elect Director Charles E. Bunch    Mgmt    Yes    For    For

1d

   Elect Director James E. Copeland, Jr.    Mgmt    Yes    For    For

1e

   Elect Director John V. Faraci    Mgmt    Yes    For    For

1f

   Elect Director Jody L. Freeman    Mgmt    Yes    For    For

1g

   Elect Director Gay Huey Evans    Mgmt    Yes    For    For

1h

   Elect Director Ryan M. Lance    Mgmt    Yes    For    For

1i

   Elect Director Arjun N. Murti    Mgmt    Yes    For    For

1j

   Elect Director Robert A. Niblock    Mgmt    Yes    For    For

1k

   Elect Director Harald J. Norvik    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Pro-rata Vesting of Equity Plan    SH    Yes    Against    Against

6

   Remove or Adjust Reserve Metrics used for Executive Compensation    SH    Yes    Against    Against

7

   Adopt Proxy Access Right    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Royal Dutch Shell plc

 

Meeting Date: 05/19/2015   Country: United Kingdom   Primary Security ID: G7690A100
Record Date: 05/15/2015   Meeting Type: Annual   Ticker: RDSA
         
Primary CUSIP: G7690A118   Primary ISIN: GB00B03MLX29   Primary SEDOL: B03MLX2
         
  Shares Voted: 618,538  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Management Proposals    Mgmt    No      

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Re-elect Ben van Beurden as Director    Mgmt    Yes    For    For

4

   Re-elect Guy Elliott as Director    Mgmt    Yes    For    For

5

   Re-elect Euleen Goh as Director    Mgmt    Yes    For    For

6

   Re-elect Simon Henry as Director    Mgmt    Yes    For    For

7

   Re-elect Charles Holliday as Director    Mgmt    Yes    For    For

8

   Re-elect Gerard Kleisterlee as Director    Mgmt    Yes    For    For

9

   Re-elect Sir Nigel Sheinwald as Director    Mgmt    Yes    For    For

10

   Re-elect Linda Stuntz as Director    Mgmt    Yes    For    For

11

   Re-elect Hans Wijers as Director    Mgmt    Yes    For    For

12

   Re-elect Patricia Woertz as Director    Mgmt    Yes    For    For

13

   Re-elect Gerrit Zalm as Director    Mgmt    Yes    For    For

14

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

19

   Approve Scrip Dividend Scheme    Mgmt    Yes    For    For

20

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For
   Shareholder Proposal    Mgmt    No      

21

   Approve Strategic Resilience for 2035 and Beyond    SH    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Halliburton Company

 

Meeting Date: 05/20/2015   Country: USA   Primary Security ID: 406216101
Record Date: 03/23/2015   Meeting Type: Annual   Ticker: HAL
         
Primary CUSIP: 406216101   Primary ISIN: US4062161017   Primary SEDOL: 2405302
         
  Shares Voted: 307,865  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Abdulaziz F. Al Khayyal    Mgmt    Yes    For    For

1.2

   Elect Director Alan M. Bennett    Mgmt    Yes    For    For

1.3

   Elect Director James R. Boyd    Mgmt    Yes    For    For

1.4

   Elect Director Milton Carroll    Mgmt    Yes    For    For

1.5

   Elect Director Nance K. Dicciani    Mgmt    Yes    For    For

1.6

   Elect Director Murry S. Gerber    Mgmt    Yes    For    For

1.7

   Elect Director Jose C. Grubisich    Mgmt    Yes    For    For

1.8

   Elect Director David J. Lesar    Mgmt    Yes    For    For

1.9

   Elect Director Robert A. Malone    Mgmt    Yes    For    For

1.10

   Elect Director J. Landis Martin    Mgmt    Yes    For    For

1.11

   Elect Director Jeffrey A. Miller    Mgmt    Yes    For    For

1.12

   Elect Director Debra L. Reed    Mgmt    Yes    For    For

2

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Amend Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Amend Qualified Employee Stock Purchase Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Leucadia National Corporation

 

Meeting Date: 05/21/2015   Country: USA   Primary Security ID: 527288104
Record Date: 03/23/2015   Meeting Type: Annual   Ticker: LUK
         
Primary CUSIP: 527288104   Primary ISIN: US5272881047   Primary SEDOL: 2513012
         
  Shares Voted: 213,680  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Linda L. Adamany    Mgmt    Yes    For    For

1.2

   Elect Director Robert D. Beyer    Mgmt    Yes    For    For

1.3

   Elect Director Francisco L. Borges    Mgmt    Yes    For    For

1.4

   Elect Director W. Patrick Campbell    Mgmt    Yes    For    For

1.5

   Elect Director Brian P. Friedman    Mgmt    Yes    For    For

1.6

   Elect Director Richard B. Handler    Mgmt    Yes    For    For

1.7

   Elect Director Robert E. Joyal    Mgmt    Yes    For    For

1.8

   Elect Director Jeffrey C. Keil    Mgmt    Yes    For    For

1.9

   Elect Director Michael T. O’Kane    Mgmt    Yes    For    For

1.10

   Elect Director Stuart H. Reese    Mgmt    Yes    For    For

1.11

   Elect Director Joseph S. Steinberg    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

Total SA

 

Meeting Date: 05/29/2015   Country: France   Primary Security ID: F92124100
Record Date: 05/26/2015   Meeting Type: Annual   Ticker: FP
         
Primary CUSIP: F92124100   Primary ISIN: FR0000120271   Primary SEDOL: B15C557
         
  Shares Voted: 405,215  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of
EUR 2.44 per Share
   Mgmt    Yes    For    For

4

   Approve Stock Dividend Program (Cash or New Shares)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Total SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

5

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6

   Reelect Patrick Artus as Director    Mgmt    Yes    For    For

7

   Reelect Anne-Marie Idrac as Director    Mgmt    Yes    For    For

8

   Elect Patrick Pouyanne as Director    Mgmt    Yes    For    For

9

   Approve Agreement with Patrick Pouyanne, CEO    Mgmt    Yes    For    For

10

   Advisory Vote on Compensation of Thierry Desmarest, Chairman since Oct. 22, 2014    Mgmt    Yes    For    For

11

   Advisory Vote on Compensation of Patrick Pouyanne, CEO since Oct. 22, 2014    Mgmt    Yes    For    For

12

   Advisory Vote on Compensation of Christophe de Margerie, CEO and Chairman until Oct. 20, 2014    Mgmt    Yes    For    For
   Shareholder Proposal Submitted by UES Amont Total Workers’ Council    Mgmt    No      

A

   Address the Matter of a Fair Sharing of Costs between Shareholders and Company Employees    SH    Yes    Against    Against

Devon Energy Corporation

 

Meeting Date: 06/03/2015   Country: USA   Primary Security ID: 25179M103
Record Date: 04/06/2015   Meeting Type: Annual   Ticker: DVN
         
Primary CUSIP: 25179M103   Primary ISIN: US25179M1036   Primary SEDOL: 2480677
         
  Shares Voted: 286,520  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Barbara M. Baumann    Mgmt    Yes    For    For

1.2

   Elect Director John E. Bethancourt    Mgmt    Yes    For    For

1.3

   Elect Director Robert H. Henry    Mgmt    Yes    For    For

1.4

   Elect Director Michael M. Kanovsky    Mgmt    Yes    For    For

1.5

   Elect Director Robert A. Mosbacher, Jr.    Mgmt    Yes    For    For

1.6

   Elect Director J. Larry Nichols    Mgmt    Yes    For    For

1.7

   Elect Director Duane C. Radtke    Mgmt    Yes    For    For

1.8

   Elect Director Mary P. Ricciardello    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Devon Energy Corporation

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.9

   Elect Director John Richels    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

4

   Approve Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Adopt Proxy Access Right    SH    Yes    Against    Against

6

   Review Public Policy Advocacy on Climate Change    SH    Yes    Against    Against

7

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

8

   Report on Financial Risks of Climate Change    SH    Yes    Against    Against

Google Inc.

 

Meeting Date: 06/03/2015   Country: USA   Primary Security ID: 38259P706
Record Date: 04/06/2015   Meeting Type: Annual   Ticker: GOOG
         
Primary CUSIP: 38259P706   Primary ISIN: US38259P7069   Primary SEDOL: BKM4JZ7
         
  Shares Voted: 6,150  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Larry Page    Mgmt    Yes    For    For

1.2

   Elect Director Sergey Brin    Mgmt    Yes    For    For

1.3

   Elect Director Eric E. Schmidt    Mgmt    Yes    For    For

1.4

   Elect Director L. John Doerr    Mgmt    Yes    For    For

1.5

   Elect Director Diane B. Greene    Mgmt    Yes    For    For

1.6

   Elect Director John L. Hennessy    Mgmt    Yes    For    For

1.7

   Elect Director Ann Mather    Mgmt    Yes    For    For

1.8

   Elect Director Alan R. Mulally    Mgmt    Yes    For    For

1.9

   Elect Director Paul S. Otellini    Mgmt    Yes    For    For

1.10

   Elect Director K. Ram Shriram    Mgmt    Yes    For    For

1.11

   Elect Director Shirley M. Tilghman    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Amend Omnibus Stock Plan    Mgmt    Yes    For    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Google Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4

   Approve Recapitalization Plan for all Stock to Have One-vote per Share    SH    Yes    Against    For

5

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

6

   Require a Majority Vote for the Election of Directors    SH    Yes    Against    For

7

   Report on Costs of Renewable Energy Investments    SH    Yes    Against    Against

8

   Report on Risks Associated with Repeal of Climate Change Policies    SH    Yes    Against    Against

Wal-Mart Stores, Inc.

 

Meeting Date: 06/05/2015   Country: USA   Primary Security ID: 931142103
Record Date: 04/10/2015   Meeting Type: Annual   Ticker: WMT
         
Primary CUSIP: 931142103   Primary ISIN: US9311421039   Primary SEDOL: 2936921
         
  Shares Voted: 87,720  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Aida M. Alvarez    Mgmt    Yes    For    For

1b

   Elect Director James I. Cash, Jr.    Mgmt    Yes    For    For

1c

   Elect Director Roger C. Corbett    Mgmt    Yes    For    For

1d

   Elect Director Pamela J. Craig    Mgmt    Yes    For    For

1e

   Elect Director Michael T. Duke    Mgmt    Yes    For    For

1f

   Elect Director Timothy P. Flynn    Mgmt    Yes    For    For

1g

   Elect Director Thomas W. Horton    Mgmt    Yes    For    For

1h

   Elect Director Marissa A. Mayer    Mgmt    Yes    For    For

1i

   Elect Director C. Douglas McMillon    Mgmt    Yes    For    For

1j

   Elect Director Gregory B. Penner    Mgmt    Yes    For    For

1k

   Elect Director Steven S. Reinemund    Mgmt    Yes    For    For

1l

   Elect Director Kevin Y. Systrom    Mgmt    Yes    For    For

1m

   Elect Director Jim C. Walton    Mgmt    Yes    For    For

1n

   Elect Director S. Robson Walton    Mgmt    Yes    For    For

1o

   Elect Director Linda S. Wolf    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

Wal-Mart Stores, Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Amend Omnibus Stock Plan    Mgmt    Yes    For    For

5

   Disclosure of Recoupment Activity from Senior Officers    SH    Yes    Against    For

6

   Provide Proxy Access Right    SH    Yes    Against    Against

7

   Adopt Quantitative GHG Goals for Maritime Shipping    SH    Yes    Against    Against

8

   Report on Incentive Compensation Plans    SH    Yes    Against    Against

9

   Require Independent Board Chairman    SH    Yes    Against    Against

MasterCard Incorporated

 

Meeting Date: 06/09/2015   Country: USA   Primary Security ID: 57636Q104
Record Date: 04/15/2015   Meeting Type: Annual   Ticker: MA
         
Primary CUSIP: 57636Q104   Primary ISIN: US57636Q1040   Primary SEDOL: B121557
         
  Shares Voted: 101,925  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Richard Haythornthwaite    Mgmt    Yes    For    For

1b

   Elect Director Ajay Banga    Mgmt    Yes    For    For

1c

   Elect Director Silvio Barzi    Mgmt    Yes    For    For

1d

   Elect Director David R. Carlucci    Mgmt    Yes    For    For

1e

   Elect Director Steven J. Freiberg    Mgmt    Yes    For    For

1f

   Elect Director Julius Genachowski    Mgmt    Yes    For    For

1g

   Elect Director Merit E. Janow    Mgmt    Yes    For    For

1h

   Elect Director Nancy J. Karch    Mgmt    Yes    For    For

1i

   Elect Director Marc Olivie    Mgmt    Yes    For    For

1j

   Elect Director Rima Qureshi    Mgmt    Yes    For    For

1k

   Elect Director Jose Octavio Reyes Lagunes    Mgmt    Yes    For    For

1l

   Elect Director Jackson P. Tai    Mgmt    Yes    For    For

1m

   Elect Director Edward Suning Tian    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

MasterCard Incorporated

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Amend Executive Incentive Bonus Plan    Mgmt    Yes    For    For

4

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

Honda Motor Co. Ltd.

 

Meeting Date: 06/17/2015   Country: Japan   Primary Security ID: J22302111
Record Date: 03/31/2015   Meeting Type: Annual   Ticker: 7267
         
Primary CUSIP: J22302111   Primary ISIN: JP3854600008   Primary SEDOL: 6435145
         
  Shares Voted: 87,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Allocation of Income, with a Final Dividend of JPY 22    Mgmt    Yes    For    For

2.1

   Elect Director Ike, Fumihiko    Mgmt    Yes    For    For

2.2

   Elect Director Ito, Takanobu    Mgmt    Yes    For    For

2.3

   Elect Director Iwamura, Tetsuo    Mgmt    Yes    For    For

2.4

   Elect Director Fukuo, Koichi    Mgmt    Yes    For    For

2.5

   Elect Director Matsumoto, Yoshiyuki    Mgmt    Yes    For    For

2.6

   Elect Director Yamane, Yoshi    Mgmt    Yes    For    For

2.7

   Elect Director Hachigo, Takahiro    Mgmt    Yes    For    For

2.8

   Elect Director Yoshida, Masahiro    Mgmt    Yes    For    For

2.9

   Elect Director Takeuchi, Kohei    Mgmt    Yes    For    For

2.10

   Elect Director Kuroyanagi, Nobuo    Mgmt    Yes    For    For

2.11

   Elect Director Kunii, Hideko    Mgmt    Yes    For    For

2.12

   Elect Director Aoyama, Shinji    Mgmt    Yes    For    For

2.13

   Elect Director Kaihara, Noriya    Mgmt    Yes    For    For

2.14

   Elect Director Igarashi, Masayuki    Mgmt    Yes    For    For

3.1

   Appoint Statutory Auditor Takaura, Hideo    Mgmt    Yes    For    For

3.2

   Appoint Statutory Auditor Tamura, Mayumi    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): TWEEDY BROWNE VALUE FUND

 

National Western Life Insurance Company

 

Meeting Date: 06/19/2015   Country: USA   Primary Security ID: 638522102
Record Date: 04/20/2015   Meeting Type: Annual   Ticker: NWLI
         
Primary CUSIP: 638522102   Primary ISIN: US6385221022   Primary SEDOL: 2627764
         
  Shares Voted: 36,818  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Formation of Holding Company    Mgmt    Yes    For    For

2.1

   Elect Director Stephen E. Glasgow    Mgmt    Yes    For    For

2.2

   Elect Director E. Douglas McLeod    Mgmt    Yes    For    Withhold

2.3

   Elect Director Louis E. Pauls, Jr.    Mgmt    Yes    For    For

2.4

   Elect Director E. J. Pederson    Mgmt    Yes    For    For

3

   Ratify BKD, LLP as Auditors    Mgmt    Yes    For    For

PARAMETERS

Location(s): Tweedy, Browne Company LLC.

Account Group(s): All Account Groups

Institution Account(s): TWEEDY BROWNE VALUE FUND

Custodian Account(s): All Custodian Accounts

Additional Policy: None

ADR Meetings: All Meetings

Ballot Statuses: All Statuses

Contrary Votes: All Votes

Date Format: MM/DD/YYYY

Header Display: Repeat Headers for Any Meeting Split by Multiple Pages

Markets: All Markets

Meeting ID’s: All Meeting ID’s

Meeting Types: All Meeting Types

PoA Markets: All Markets

Proposal Proponents: All Proponents

Rationale: All Rationale

Recommendations: All Recommendations

Record Date Markets: All Markets

Shareblocking Markets: All Markets

Sort Order: Meeting Date, Company Name

Vote Instructions: All Instructions

Voting Policies: All Policies

Zero (0) Share Ballots: Exclude 0 Share Ballots

Account Watchlist: None

Country Watchlist: None

Issuer Watchlist: None

Proposal Code Watchlist: None

Proposal Code Watchlist - Agenda Output: Include Exact Matches Only


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Diageo plc

 

Meeting Date: 09/18/2014   Country: United Kingdom   Primary Security ID: G42089113
Record Date: 09/16/2014   Meeting Type: Annual   Ticker: DGE
         
Primary CUSIP: G42089113   Primary ISIN: GB0002374006   Primary SEDOL: 0237400
         
  Shares Voted: 516,079  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration Policy    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Peggy Bruzelius as Director    Mgmt    Yes    For    For

6

   Re-elect Laurence Danon as Director    Mgmt    Yes    For    For

7

   Re-elect Lord Davies of Abersoch as Director    Mgmt    Yes    For    For

8

   Re-elect Ho KwonPing as Director    Mgmt    Yes    For    For

9

   Re-elect Betsy Holden as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Franz Humer as Director    Mgmt    Yes    For    For

11

   Re-elect Deirdre Mahlan as Director    Mgmt    Yes    For    For

12

   Re-elect Ivan Menezes as Director    Mgmt    Yes    For    For

13

   Re-elect Philip Scott as Director    Mgmt    Yes    For    For

14

   Elect Nicola Mendelsohn as Director    Mgmt    Yes    For    For

15

   Elect Alan Stewart as Director    Mgmt    Yes    For    For

16

   Reappoint KPMG LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

21

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

22

   Approve 2014 Long Term Incentive Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Akzo Nobel NV

 

Meeting Date: 10/08/2014   Country: Netherlands   Primary Security ID: N01803100
Record Date: 09/10/2014   Meeting Type: Special   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 102,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Special Meeting    Mgmt    No      

1

   Elect M. Castella to Management Board    Mgmt    Yes    For    For

Cisco Systems, Inc.

 

Meeting Date: 11/20/2014   Country: USA   Primary Security ID: 17275R102
Record Date: 09/22/2014   Meeting Type: Annual   Ticker: CSCO
         
Primary CUSIP: 17275R102   Primary ISIN: US17275R1023   Primary SEDOL: 2198163
         
  Shares Voted: 1,083,125  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Carol A. Bartz    Mgmt    Yes    For    For

1b

   Elect Director M. Michele Burns    Mgmt    Yes    For    For

1c

   Elect Director Michael D. Capellas    Mgmt    Yes    For    For

1d

   Elect Director John T. Chambers    Mgmt    Yes    For    For

1e

   Elect Director Brian L. Halla    Mgmt    Yes    For    For

1f

   Elect Director John L. Hennessy    Mgmt    Yes    For    For

1g

   Elect Director Kristina M. Johnson    Mgmt    Yes    For    For

1h

   Elect Director Roderick C. McGeary    Mgmt    Yes    For    For

1i

   Elect Director Arun Sarin    Mgmt    Yes    For    For

1j

   Elect Director Steven M. West    Mgmt    Yes    For    For

2

   Amend Qualified Employee Stock Purchase Plan    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Ratify Auditors    Mgmt    Yes    For    For

5

   Establish Public Policy Board Committee    SH    Yes    Against    Against

6

   Adopt Proxy Access Right    SH    Yes    Against    Against

7

   Report on Political Contributions    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

GlaxoSmithKline plc

 

Meeting Date: 12/18/2014   Country: United Kingdom   Primary Security ID: G3910J112
Record Date: 12/16/2014   Meeting Type: Special   Ticker: GSK
         
Primary CUSIP: G3910J112   Primary ISIN: GB0009252882   Primary SEDOL: 0925288
         
  Shares Voted: 729,076  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Transaction by the Company with
Novartis AG
   Mgmt    Yes    For    For

Siemens AG

 

Meeting Date: 01/27/2015   Country: Germany   Primary Security ID: D69671218
Record Date:   Meeting Type: Annual   Ticker: SIE
         
Primary CUSIP: D69671218   Primary ISIN: DE0007236101   Primary SEDOL: 5727973
         
  Shares Voted: 145,500  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2013/2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 3.30 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2013/2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2013/2014    Mgmt    Yes    For    For

5

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

6

   Ratify Ernst & Young GmbH as Auditors for Fiscal 2014/2015    Mgmt    Yes    For    For

7.1

   Elect Nathalie von Siemens to the Supervisory Board    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Siemens AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

7.2

   Elect Norbert Reithofer to the Supervisory Board    Mgmt    Yes    For    For

8

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

9

   Authorize Use of Financial Derivatives when Repurchasing Shares    Mgmt    Yes    For    For

10

   Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 15 Billion; Approve Creation of EUR 240 Million Pool of Capital to Guarantee Conversion Rights    Mgmt    Yes    For    For

11

   Approve Settlement Agreement Between Siemens AG and Heinz-Joachim Neubuerger, Concluded on August 26, 2014    Mgmt    Yes    For    For

12

   Amend Articles Re: Board-Related    Mgmt    Yes    For    For

13

   Approve Affiliation Agreements with Subsidiary Kyros 47 GmbH    Mgmt    Yes    For    For

Imperial Tobacco Group plc

 

Meeting Date: 01/28/2015   Country: United Kingdom   Primary Security ID: G4721W102
Record Date: 01/26/2015   Meeting Type: Annual   Ticker: IMT
         
Primary CUSIP: G4721W102   Primary ISIN: GB0004544929   Primary SEDOL: 0454492
         
  Shares Voted: 397,590  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Remuneration Policy    Mgmt    Yes    For    For

4

   Approve Final Dividend    Mgmt    Yes    For    For

5

   Re-elect Dr Ken Burnett as Director    Mgmt    Yes    For    For

6

   Re-elect Alison Cooper as Director    Mgmt    Yes    For    For

7

   Re-elect David Haines as Director    Mgmt    Yes    For    For

8

   Re-elect Michael Herlihy as Director    Mgmt    Yes    For    For

9

   Re-elect Matthew Phillips as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Imperial Tobacco Group plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

10

   Re-elect Oliver Tant as Director    Mgmt    Yes    For    For

11

   Re-elect Mark Williamson as Director    Mgmt    Yes    For    For

12

   Elect Karen Witts as Director    Mgmt    Yes    For    For

13

   Re-elect Malcolm Wyman as Director    Mgmt    Yes    For    For

14

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

17

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

19

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

20

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

Imperial Tobacco Group plc

 

Meeting Date: 01/28/2015   Country: United Kingdom   Primary Security ID: G4721W102
Record Date: 01/26/2015   Meeting Type: Special   Ticker: IMT
         
Primary CUSIP: G4721W102   Primary ISIN: GB0004544929   Primary SEDOL: 0454492
         
  Shares Voted: 397,590  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Acquisition of Certain US Cigarette and
E-cigarette Brands and Assets
   Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Emerson Electric Co.

 

Meeting Date: 02/03/2015   Country: USA   Primary Security ID: 291011104
Record Date: 11/25/2014   Meeting Type: Annual   Ticker: EMR
         
Primary CUSIP: 291011104   Primary ISIN: US2910111044   Primary SEDOL: 2313405
         
  Shares Voted: 208,300  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director A. F. Golden    Mgmt    Yes    For    For

1.2

   Elect Director W. R. Johnson    Mgmt    Yes    For    For

1.3

   Elect Director C. Kendle    Mgmt    Yes    For    For

1.4

   Elect Director J. S. Turley    Mgmt    Yes    For    For

1.5

   Elect Director A. A. Busch, III    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Approve Omnibus Stock Plan    Mgmt    Yes    For    For

4

   Amend Executive Incentive Bonus Plan    Mgmt    Yes    For    For

5

   Ratify Auditors    Mgmt    Yes    For    For

6

   Report on Sustainability, Including GHG Goals    SH    Yes    Against    Against

7

   Report on Political Contributions    SH    Yes    Against    Against

8

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

Novartis AG

 

Meeting Date: 02/27/2015   Country: Switzerland   Primary Security ID: H5820Q150
Record Date:   Meeting Type: Annual   Ticker: NOVN
         
Primary CUSIP: H5820Q150   Primary ISIN: CH0012005267   Primary SEDOL: 7103065
         
  Shares Voted: 334,200  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.60 per Share    Mgmt    Yes    For    For

4

   Approve CHF 14.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

5

   Amend Articles Re: Ordinance Against Excessive Remuneration at Listed Companies    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Novartis AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

6.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 7.7 Million    Mgmt    Yes    For    For

6.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 84 Million    Mgmt    Yes    For    For

6.3

   Approve Remuneration Report    Mgmt    Yes    For    For

7.1

   Reelect Joerg Reinhardt as Director and Board Chairman    Mgmt    Yes    For    For

7.2

   Reelect Dimitri Azar as Director    Mgmt    Yes    For    For

7.3

   Reelect Verena Briner as Director    Mgmt    Yes    For    For

7.4

   Reelect Srikant Datar as Director    Mgmt    Yes    For    For

7.5

   Reelect Ann Fudge as Director    Mgmt    Yes    For    For

7.6

   Reelect Pierre Landolt as Director    Mgmt    Yes    For    For

7.7

   Reelect Andreas von Planta as Director    Mgmt    Yes    For    For

7.8

   Reelect Charles Sawyers as Director    Mgmt    Yes    For    For

7.9

   Reelect Enrico Vanni as Director    Mgmt    Yes    For    For

7.10

   Reelect William Winters as Director    Mgmt    Yes    For    For

7.11

   Elect Nancy Andrews as Director    Mgmt    Yes    For    For

8.1

   Appoint Srikant Datar as Member of the Compensation Committee    Mgmt    Yes    For    For

8.2

   Appoint Ann Fudge as Member of the Compensation Committee    Mgmt    Yes    For    For

8.3

   Appoint Enrico Vanni as Member of the Compensation Committee    Mgmt    Yes    For    For

8.4

   Appoint William Winters as Member of the Compensation Committee    Mgmt    Yes    For    For

9

   Ratify PricewaterhouseCoopers AG as Auditors    Mgmt    Yes    For    For

10

   Designate Peter Zahn as Independent Proxy    Mgmt    Yes    For    For

11

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Zurich Insurance Group AG

 

Meeting Date: 04/01/2015   Country: Switzerland   Primary Security ID: H9870Y105
Record Date:   Meeting Type: Annual   Ticker: ZURN
         
Primary CUSIP: H9870Y105   Primary ISIN: CH0011075394   Primary SEDOL: 5983816
         
  Shares Voted: 51,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report    Mgmt    Yes    For    For

2.1

   Approve Allocation of Income    Mgmt    Yes    For    For

2.2

   Approve Dividends of CHF 17.00 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1a

   Reelect Tom de Swaan as Director and Board Chairman    Mgmt    Yes    For    For

4.1b

   Reelect Susan Bies as Director    Mgmt    Yes    For    For

4.1c

   Reelect Alison Carnwath as Director    Mgmt    Yes    For    For

4.1d

   Reelect Rafael del Pino as Director    Mgmt    Yes    For    For

4.1e

   Reelect Thomas Escher as Director    Mgmt    Yes    For    For

4.1f

   Reelect Christoph Franz as Director    Mgmt    Yes    For    For

4.1g

   Reelect Fred Kindle as Director    Mgmt    Yes    For    For

4.1h

   Reelect Monica Maechler as Director    Mgmt    Yes    For    For

4.1i

   Reelect Don Nicolaisen as Director    Mgmt    Yes    For    For

4.1j

   Elect Joan Amble as Director    Mgmt    Yes    For    For

4.1.k

   Elect Kishore Mahbubani as Director    Mgmt    Yes    For    For

4.2.1

   Appoint Alison Carnwath as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.2

   Appoint Tom de Swaan as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.3

   Appoint Rafael del Pino as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.4

   Appoint Thomas Escher as Member of the Compensation Committee    Mgmt    Yes    For    For

4.2.5

   Appoint Christoph Franz as Member of the Compensation Committee    Mgmt    Yes    For    For

4.3

   Designate Andreas Keller as Independent Proxy    Mgmt    Yes    For    For

4.4

   Ratify PricewaterhouseCoopers as Auditors    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Zurich Insurance Group AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

5.1

   Approve Maximum Remuneration of Board of Directors Until 2016 AGM in the Amount of CHF
4.9 Million
   Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee for Fiscal 2016 in the Amount of CHF 75.9 Million    Mgmt    Yes    For    For

6

   Amend Articles Re: Commercial Accounting and Financial Reporting    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Axel Springer SE

 

Meeting Date: 04/14/2015   Country: Germany   Primary Security ID: D76169115
Record Date:   Meeting Type: Annual   Ticker: SPR
         
Primary CUSIP: D76169115   Primary ISIN: DE0005501357   Primary SEDOL: 4647317
         
  Shares Voted: 299,650  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 1.80 per Share    Mgmt    Yes    For    For

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4.1

   Approve Discharge of Supervisory Board Members Other than Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

4.2

   Approve Discharge of Supervisory Board Member Friede Springer for Fiscal 2014    Mgmt    Yes    For    For

5.1

   Ratify Ernst & Young GmbH as Auditors for Fiscal 2015    Mgmt    Yes    For    For

5.2

   Ratify Ernst & Young GmbH as Auditors for 2015 First Half Financial Statement    Mgmt    Yes    For    For

6

   Approve Creation of EUR 11 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    For

7

   Approve Affiliation Agreements with Siebenundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

8

   Approve Affiliation Agreements with Achtundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For

9

   Approve Affiliation Agreements with Neunundsiebzigste “Media” Vermoegensverwaltungsgesellschaft mbH    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Nestle SA

 

Meeting Date: 04/16/2015   Country: Switzerland   Primary Security ID: H57312649
Record Date:   Meeting Type: Annual   Ticker: NESN
         
Primary CUSIP: H57312649   Primary ISIN: CH0038863350   Primary SEDOL: 7123870
         
  Shares Voted: 246,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

1.2

   Approve Remuneration Report (Non-binding)    Mgmt    Yes    For    For

2

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of CHF 2.20 per Share    Mgmt    Yes    For    For

4.1a

   Reelect Peter Brabeck-Letmathe as Director    Mgmt    Yes    For    For

4.1b

   Reelect Paul Bulcke as Director    Mgmt    Yes    For    For

4.1c

   Reelect Andreas Koopmann as Director    Mgmt    Yes    For    For

4.1d

   Reelect Beat Hess as Director    Mgmt    Yes    For    For

4.1e

   Reelect Daniel Borel as Director    Mgmt    Yes    For    For

4.1f

   Reelect Steven G. Hoch as Director    Mgmt    Yes    For    For

4.1g

   Reelect Naïna Lal Kidwai as Director    Mgmt    Yes    For    For

4.1h

   Reelect Jean-Pierre Roth as Director    Mgmt    Yes    For    For

4.1i

   Reelect Ann M. Veneman as Director    Mgmt    Yes    For    For

4.1j

   Reelect Henri de Castries as Director    Mgmt    Yes    For    For

4.1k

   Reelect Eva Cheng as Director    Mgmt    Yes    For    For

4.2.1

   Elect Ruth Khasaya Oniang’o as Director    Mgmt    Yes    For    For

4.2.2

   Elect Patrick Aebischer as Director    Mgmt    Yes    For    For

4.2.3

   Elect Renato Fassbind as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Nestle SA

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

4.3

   Elect Peter Brabeck-Letmathe as Board Chairman    Mgmt    Yes    For    For

4.4.1

   Appoint Beat Hess as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.2

   Appoint Daniel Borel as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.3

   Appoint Andreas Koopmann as Member of the Compensation Committee    Mgmt    Yes    For    For

4.4.4

   Appoint Jean-Pierre Roth as Member of the Compensation Committee    Mgmt    Yes    For    For

4.5

   Ratify KPMG SA as Auditors    Mgmt    Yes    For    For

4.6

   Designate Hartmann Dreyer as Independent Proxy    Mgmt    Yes    For    For

5.1

   Approve Maximum Remuneration of Board of Directors in the Amount of CHF 11 Million    Mgmt    Yes    For    For

5.2

   Approve Maximum Remuneration of Executive Committee in the Amount of CHF 60 Million    Mgmt    Yes    For    For

6

   Approve CHF 3.6 Million Reduction in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Transact Other Business (Voting)    Mgmt    Yes    For    For

Akzo Nobel NV

 

Meeting Date: 04/22/2015   Country: Netherlands   Primary Security ID: N01803100
Record Date: 03/25/2015   Meeting Type: Annual   Ticker: AKZA
         
Primary CUSIP: N01803100   Primary ISIN: NL0000009132   Primary SEDOL: 5458314
         
  Shares Voted: 102,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Annual Meeting    Mgmt    No      

1

   Open Meeting and Announcements    Mgmt    No      

2

   Receive Report of Management Board (Non-Voting)    Mgmt    No      

3.a

   Discuss Remuneration Report Containing Remuneration Policy for Management Board Members    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Akzo Nobel NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

3.b

   Adopt Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3.c

   Receive Explanation on Company’s Reserves and Dividend Policy    Mgmt    No      

3.d

   Approve Dividends of EUR 1.45 Per Share    Mgmt    Yes    For    For

4.a

   Approve Discharge of Management Board    Mgmt    Yes    For    For

4.b

   Approve Discharge of Supervisory Board    Mgmt    Yes    For    For

5.a

   Elect D. Sluimers to Supervisory Board    Mgmt    Yes    For    For

5.b

   Reelect P. Bruzelius to Supervisory Board    Mgmt    Yes    For    For

6.a

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger    Mgmt    Yes    For    For

6.b

   Authorize Board to Exclude Preemptive Rights from Share Issuances    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

8

   Allow Questions and Close Meeting    Mgmt    No      

DBS Group Holdings Ltd.

 

Meeting Date: 04/23/2015   Country: Singapore   Primary Security ID: Y20246107
Record Date:   Meeting Type: Annual   Ticker: D05
         
Primary CUSIP: Y20246107   Primary ISIN: SG1L01001701   Primary SEDOL: 6175203
         
  Shares Voted: 901,418  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend Per Ordinary Share    Mgmt    Yes    For    For

3

   Approve Final Dividend Per Non-Voting    Mgmt    Yes    For    For
   Redeemable Convertible Preference Share            

4

   Approve Directors’ Fees    Mgmt    Yes    For    For

5

   Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

6

   Elect Peter Seah as Director    Mgmt    Yes    For    For

7

   Elect Ow Foong Pheng as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

DBS Group Holdings Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

8

   Elect Andre Sekulic as Director    Mgmt    Yes    For    For

9

   Elect Nihal Vijaya Devadas Kaviratne as Director    Mgmt    Yes    For    For

10

   Approve Grant of Awards and Issuance of Shares Pursuant to the DBSH Share Option Plan and DBSH Share Plan    Mgmt    Yes    For    For

11

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

12

   Approve Issuance of Shares and Non-Voting Redeemable Convertible Preference Shares Under the DBSH Scrip Dividend Scheme for the Final Dividends for the Year Ended Dec. 31, 2014    Mgmt    Yes    For    For

13

   Approve Issuance of Shares and Non-Voting Redeemable Convertible Preference Shares Under the DBSH Scrip Dividend Scheme for the Dividends which may be Declared for the Year Ending Dec. 31, 2015    Mgmt    Yes    For    For

DBS Group Holdings Ltd.

 

Meeting Date: 04/23/2015   Country: Singapore   Primary Security ID: Y20246107
Record Date:   Meeting Type: Special   Ticker: D05
         
Primary CUSIP: Y20246107   Primary ISIN: SG1L01001701   Primary SEDOL: 6175203
         
  Shares Voted: 901,418  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Authorize Share Repurchase Program    Mgmt    Yes    For    For

Johnson & Johnson

 

Meeting Date: 04/23/2015   Country: USA   Primary Security ID: 478160104
Record Date: 02/24/2015   Meeting Type: Annual   Ticker: JNJ
         
Primary CUSIP: 478160104   Primary ISIN: US4781601046   Primary SEDOL: 2475833
         
  Shares Voted: 313,625  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1a

   Elect Director Mary Sue Coleman    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Johnson & Johnson

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1b

   Elect Director D. Scott Davis    Mgmt    Yes    For    For

1c

   Elect Director Ian E. L. Davis    Mgmt    Yes    For    For

1d

   Elect Director Alex Gorsky    Mgmt    Yes    For    For

1e

   Elect Director Susan L. Lindquist    Mgmt    Yes    For    For

1f

   Elect Director Mark B. McClellan    Mgmt    Yes    For    For

1g

   Elect Director Anne M. Mulcahy    Mgmt    Yes    For    For

1h

   Elect Director William D. Perez    Mgmt    Yes    For    For

1i

   Elect Director Charles Prince    Mgmt    Yes    For    For

1j

   Elect Director A. Eugene Washington    Mgmt    Yes    For    For

1k

   Elect Director Ronald A. Williams    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

4

   Policy Regarding Overextended Directors    SH    Yes    Against    Against

5

   Report on Consistency Between Corporate Values and Political Contributions    SH    Yes    Against    Against

6

   Require Independent Board Chairman    SH    Yes    Against    Against

Muenchener Rueckversicherungs-Gesellschaft AG

 

Meeting Date: 04/23/2015   Country: Germany   Primary Security ID: D55535104
Record Date:   Meeting Type: Annual   Ticker: MUV2
         
Primary CUSIP: D55535104   Primary ISIN: DE0008430026   Primary SEDOL: 5294121
         
  Shares Voted: 28,700  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1.1

   Receive Report of the Supervisory Board, Corporate Governance Report and Remuneration Report for 2014 (Non-Voting)    Mgmt    No      

1.2

   Receive Financial Statements and Statutory Reports for Fiscal 2014 (Non-Voting)    Mgmt    No      

2

   Approve Allocation of Income and Dividends of EUR 7.75 per Share    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Muenchener Rueckversicherungs-Gesellschaft AG

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

3

   Approve Discharge of Management Board for Fiscal 2014    Mgmt    Yes    For    For

4

   Approve Discharge of Supervisory Board for Fiscal 2014    Mgmt    Yes    For    For

5

   Approve Remuneration System for Management Board Members    Mgmt    Yes    For    For

6

   Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares    Mgmt    Yes    For    For

7

   Authorize Use of Financial Derivatives when Repurchasing Shares    Mgmt    Yes    For    For

8

   Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 3 Billion; Approve Creation of EUR 117 Million Pool of Capital to Guarantee Conversion Rights    Mgmt    Yes    For    For

9

   Approve Creation of EUR 10 Million Pool of Capital for Employee Stock Purchase Plan    Mgmt    Yes    For    For

10

   Amend Articles Re: Company Representation    Mgmt    Yes    For    For

HSBC Holdings plc

 

Meeting Date: 04/24/2015   Country: United Kingdom   Primary Security ID: G4634U169
Record Date: 04/23/2015   Meeting Type: Annual   Ticker: HSBA
         
Primary CUSIP: G4634U169   Primary ISIN: GB0005405286   Primary SEDOL: 0540528
         
  Shares Voted: 2,107,500  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3(a)

   Elect Phillip Ameen as Director    Mgmt    Yes    For    For

3(b)

   Elect Heidi Miller as Director    Mgmt    Yes    For    For

3(c)

   Re-elect Kathleen Casey as Director    Mgmt    Yes    For    For

3(d)

   Re-elect Safra Catz as Director    Mgmt    Yes    For    For

3(e)

   Re-elect Laura Cha as Director    Mgmt    Yes    For    For

3(f)

   Re-elect Lord Evans of Weardale as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

HSBC Holdings plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

3(g)

   Re-elect Joachim Faber as Director    Mgmt    Yes    For    For

3(h)

   Re-elect Rona Fairhead as Director    Mgmt    Yes    For    For

3(i)

   Re-elect Douglas Flint as Director    Mgmt    Yes    For    For

3(j)

   Re-elect Stuart Gulliver as Director    Mgmt    Yes    For    For

3(k)

   Re-elect Sam Laidlaw as Director    Mgmt    Yes    For    For

3(l)

   Re-elect John Lipsky as Director    Mgmt    Yes    For    For

3(m)

   Re-elect Rachel Lomax as Director    Mgmt    Yes    For    For

3(n)

   Re-elect Iain Mackay as Director    Mgmt    Yes    For    For

3(o)

   Re-elect Marc Moses as Director    Mgmt    Yes    For    For

3(p)

   Re-elect Sir Simon Robertson as Director    Mgmt    Yes    For    For

3(q)

   Re-elect Jonathan Symonds as Director    Mgmt    Yes    For    For

4

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

5

   Authorise the Group Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

6

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

7

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

8

   Authorise Directors to Allot Any Repurchased Shares    Mgmt    Yes    For    For

9

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

10

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

11

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Contingent Convertible Securities    Mgmt    Yes    For    For

12

   Amend Savings-Related Share Option Plan (UK)    Mgmt    Yes    For    For

13

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

United Overseas Bank Limited

 

Meeting Date: 04/24/2015   Country: Singapore   Primary Security ID: Y9T10P105
Record Date:   Meeting Type: Annual   Ticker: U11
         
Primary CUSIP: V96194127   Primary ISIN: SG1M31001969   Primary SEDOL: 6916781
         
  Shares Voted: 1,037,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Adopt Financial Statements and Directors’ and Auditors’ Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend and Special Dividend    Mgmt    Yes    For    For

3

   Approve Directors’ Fees    Mgmt    Yes    For    For

4

   Approve Fee to the Chairman Emeritus and Adviser of the Bank for the Period from January 2014 to December 2014    Mgmt    Yes    For    For

5

   Approve Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration    Mgmt    Yes    For    For

6

   Elect Hsieh Fu Hua as Director    Mgmt    Yes    For    For

7

   Elect Wee Ee Cheong as Director    Mgmt    Yes    For    For

8

   Elect Lim Hwee Hua as Director    Mgmt    Yes    For    For

9

   Elect Wee Cho Yaw as Director    Mgmt    Yes    For    For

10

   Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights    Mgmt    Yes    For    For

11

   Approve Issuance of Shares Pursuant to the UOB Scrip Dividend Scheme    Mgmt    Yes    For    For

12

   Authorize Share Repurchase Program    Mgmt    Yes    For    For

Wells Fargo & Company

 

Meeting Date: 04/28/2015   Country: USA   Primary Security ID: 949746101
Record Date: 03/03/2015   Meeting Type: Annual   Ticker: WFC
         
Primary CUSIP: 949746101   Primary ISIN: US9497461015   Primary SEDOL: 2649100
         
  Shares Voted: 261,400  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director John D. Baker, II    Mgmt    Yes    For    For

1b

   Elect Director Elaine L. Chao    Mgmt    Yes    For    For

1c

   Elect Director John S. Chen    Mgmt    Yes    For    For

1d

   Elect Director Lloyd H. Dean    Mgmt    Yes    For    For

1e

   Elect Director Elizabeth A. Duke    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Wells Fargo & Company

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1f

   Elect Director Susan E. Engel    Mgmt    Yes    For    For

1g

   Elect Director Enrique Hernandez, Jr.    Mgmt    Yes    For    For

1h

   Elect Director Donald M. James    Mgmt    Yes    For    For

1i

   Elect Director Cynthia H. Milligan    Mgmt    Yes    For    For

1j

   Elect Director Federico F. Pena    Mgmt    Yes    For    For

1k

   Elect Director James H. Quigley    Mgmt    Yes    For    For

1l

   Elect Director Judith M. Runstad    Mgmt    Yes    For    For

1m

   Elect Director Stephen W. Sanger    Mgmt    Yes    For    For

1n

   Elect Director John G. Stumpf    Mgmt    Yes    For    For

1o

   Elect Director Susan G. Swenson    Mgmt    Yes    For    For

1p

   Elect Director Suzanne M. Vautrinot    Mgmt    Yes    For    For

2

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

3

   Ratify KPMG LLP as Auditors    Mgmt    Yes    For    For

4

   Require Independent Board Chairman    SH    Yes    Against    Against

5

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

Cenovus Energy Inc.

 

Meeting Date: 04/29/2015   Country: Canada   Primary Security ID: 15135U109
Record Date: 03/06/2015   Meeting Type: Annual/Special   Ticker: CVE
         
Primary CUSIP: 15135U109   Primary ISIN: CA15135U1093   Primary SEDOL: B57FG04
         
  Shares Voted: 187,800  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Ralph S. Cunningham    Mgmt    Yes    For    For

1.2

   Elect Director Patrick D. Daniel    Mgmt    Yes    For    For

1.3

   Elect Director Ian W. Delaney    Mgmt    Yes    For    For

1.4

   Elect Director Brian C. Ferguson    Mgmt    Yes    For    For

1.5

   Elect Director Michael A. Grandin    Mgmt    Yes    For    For

1.6

   Elect Director Steven F. Leer    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Cenovus Energy Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.7

   Elect Director Valerie A.A. Nielsen    Mgmt    Yes    For    For

1.8

   Elect Director Charles M. Rampacek    Mgmt    Yes    For    For

1.9

   Elect Director Colin Taylor    Mgmt    Yes    For    For

1.10

   Elect Director Wayne G. Thomson    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

3

   Approve Shareholder Rights Plan    Mgmt    Yes    For    For

4

   Amend Articles Re: Provisions of the Preferred Shares    Mgmt    Yes    For    For

5

   Amend By-Law No. 1    Mgmt    Yes    For    For

6

   Advisory Vote on Executive Compensation Approach    Mgmt    Yes    For    For

Unilever NV

 

Meeting Date: 04/29/2015   Country: Netherlands   Primary Security ID: N8981F271
Record Date: 04/01/2015   Meeting Type: Annual   Ticker: UNA
         
Primary CUSIP: N8981F271   Primary ISIN: NL0000009355   Primary SEDOL: B12T3J1
         
  Shares Voted: 483,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Annual Meeting    Mgmt    No      

1

   Discussion of the Annual Report and Accounts for the 2014 financial year    Mgmt    No      

2

   Approve Financial Statements and Allocation of Income    Mgmt    Yes    For    For

3

   Approve Discharge of Executive Board Members    Mgmt    Yes    For    For

4

   Approve Discharge of Non-Executive Board Members    Mgmt    Yes    For    For

5

   Reelect P G J M Polman as Executive Director    Mgmt    Yes    For    For

6

   Reelect R J-M S Huet as Executive Director    Mgmt    Yes    For    For

7

   Reelect L M Cha as Non-Executive Director    Mgmt    Yes    For    For

8

   Reelect L O Fresco as Non-Executive Director    Mgmt    Yes    For    For

9

   Reelect A M Fudge as Non-Executive Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Unilever NV

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

10

   Elect M Ma as Non-Executive Director    Mgmt    Yes    For    For

11

   Reelect H Nyasulu as Non-Executive Director    Mgmt    Yes    For    For

12

   Reelect J. Rishton as Non-Executive Director    Mgmt    Yes    For    For

13

   Reelect F Sijbesma as Non-Executive Director.    Mgmt    Yes    For    For

14

   Reelect M Treschow as Non-Executive Director    Mgmt    Yes    For    For

15

   Elect N S Andersen as Non-Executive Director    Mgmt    Yes    For    For

16

   Elect V Colao as Non-Executive Director    Mgmt    Yes    For    For

17

   Elect J Hartmann as Non-Executive Director    Mgmt    Yes    For    For

18

   Ratify KPMG as Auditors    Mgmt    Yes    For    For

19

   Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights    Mgmt    Yes    For    For

20

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

21

   Approve Cancellation of Repurchased Shares    Mgmt    Yes    For    For

22

   Close Meeting    Mgmt    No      

ABB Ltd.

 

Meeting Date: 04/30/2015   Country: Switzerland   Primary Security ID: H0010V101
Record Date:   Meeting Type: Annual   Ticker: ABBN
         
Primary CUSIP: H0010V101   Primary ISIN: CH0012221716   Primary SEDOL: 7108899
         
  Shares Voted: 755,525  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Discharge of Board and Senior Management    Mgmt    Yes    For    For

4.1

   Approve Allocation of Income and Dividends of CHF 0.55 per Share from Capital Contribution Reserves    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

ABB Ltd.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

4.2

   Approve CHF 394 Million Reduction in Share Capital and Repayment of CHF 0.17 per Share    Mgmt    Yes    For    For

5

   Amend Articles to Reflect Changes in Capital If Item 4.2 is Approved    Mgmt    Yes    For    For

6

   Approve Creation of CHF 200 Million Pool of Capital without Preemptive Rights    Mgmt    Yes    For    For

7.1

   Approve Remuneration of Directors in the Amount of CHF 4.2 Million    Mgmt    Yes    For    For

7.2

   Approve Remuneration of Executive Committee in the Amount of CHF 52 Million    Mgmt    Yes    For    For

8.1

   Reelect Roger Agnelli as Director    Mgmt    Yes    For    For

8.2

   Reelect Matti Alahuhta as Director    Mgmt    Yes    For    For

8.3

   Elect David Constable as Director    Mgmt    Yes    For    For

8.4

   Reelect Louis Hughes as Director    Mgmt    Yes    For    For

8.5

   Reelect Michel de Rosen as Director    Mgmt    Yes    For    For

8.6

   Reelect Jacob Wallenberg as Director    Mgmt    Yes    For    For

8.7

   Reelect Ying Yeh as Director    Mgmt    Yes    For    For

8.8

   Elect Peter Voser as Director and Board Chairman    Mgmt    Yes    For    For

9.1

   Appoint David Constable as Member of the Compensation Committee    Mgmt    Yes    For    For

9.2

   Appoint Michel de Rosen as Member of the Compensation Committee    Mgmt    Yes    For    For

9.3

   Appoint Ying Yeh as Member of the Compensation Committee    Mgmt    Yes    For    For

10

   Designate Hans Zehnder as Independent Proxy    Mgmt    Yes    For    For

11

   Ratify Ernst & Young AG as Auditors    Mgmt    Yes    For    For

12

   Transact Other Business (Voting)    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Scor SE

 

Meeting Date: 04/30/2015   Country: France   Primary Security ID: F15561677
Record Date: 04/27/2015   Meeting Type: Annual/Special   Ticker: SCR
         
Primary CUSIP: F15561677   Primary ISIN: FR0010411983   Primary SEDOL: B1LB9P6
         
  Shares Voted: 562,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of EUR 1.40 per Share    Mgmt    Yes    For    For

3

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions Regarding New Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Denis Kessler, CEO    Mgmt    Yes    For    For

6

   Reelect Peter Eckert as Director    Mgmt    Yes    For    For

7

   Reelect Kory Sorenson as Director    Mgmt    Yes    For    For

8

   Reelect Fields Wicker Miurin as Director    Mgmt    Yes    For    For

9

   Elect Marguerite Berard Andrieu as Director    Mgmt    Yes    For    For

10

   Elect Kirsten Ideboen as Director    Mgmt    Yes    For    For

11

   Elect Vanessa Marquette as Director    Mgmt    Yes    For    For

12

   Elect Augustin de Romanet as Director    Mgmt    Yes    For    For

13

   Elect Jean Marc Raby as Director    Mgmt    Yes    For    For

14

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

15

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

16

   Authorize Capitalization of Reserves of Up to EUR 200 Million for Bonus Issue or Increase in Par Value    Mgmt    Yes    For    For

17

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 599,999,999.98    Mgmt    Yes    For    For

18

   Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 151,668,108.39    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Scor SE

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

19

   Approve Issuance of Equity or Equity-Linked Securities for up to 10 Percent of Issued Capital Per Year for Private Placements    Mgmt    Yes    For    For

20

   Authorize Capital Increase of Up to EUR 151,668,108.39 for Future Exchange Offers    Mgmt    Yes    For    For

21

   Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind    Mgmt    Yes    For    For

22

   Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above    Mgmt    Yes    For    For

23

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

24

   Authorize up to 1.5 Million Shares for Use in Stock Option Plans    Mgmt    Yes    For    For

25

   Authorize up to 3 Million Shares in Use for Restricted Stock Plans    Mgmt    Yes    For    For

26

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

27

   Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 835,446,372,60    Mgmt    Yes    For    For

28

   Amend Article 8 of Bylaws Re: Absence of Double Voting Rights    Mgmt    Yes    For    For

29

   Amend Article 15 of Bylaws Re: Related Party Transactions    Mgmt    Yes    For    For

30

   Amend Article 19 of Bylaws Re: Record Date    Mgmt    Yes    For    For

31

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For

CNP Assurances

 

Meeting Date: 05/06/2015   Country: France   Primary Security ID: F1876N318
Record Date: 04/30/2015   Meeting Type: Annual/Special   Ticker: CNP
         
Primary CUSIP: F1876N318   Primary ISIN: FR0000120222   Primary SEDOL: 5543986
         
  Shares Voted: 458,685  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Ordinary Business    Mgmt    No      


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

CNP Assurances

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 0.77 per Share    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions    Mgmt    Yes    For    For

5

   Advisory Vote on Compensation of Jean-Paul Faugere, Chairman    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Frederic Lavenir, CEO    Mgmt    Yes    For    For

7

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

8

   Amend Article 27 of Bylaws Re: Record Date    Mgmt    Yes    For    For

9

   Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million    Mgmt    Yes    For    For

10

   Authorize Capital Issuances for Use in Employee Stock Purchase Plans    Mgmt    Yes    For    For

11

   Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plans    Mgmt    Yes    For    For
   Ordinary Business    Mgmt    No      

12

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For

Philip Morris International Inc.

 

Meeting Date: 05/06/2015   Country: USA   Primary Security ID: 718172109
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: PM
         
Primary CUSIP: 718172109   Primary ISIN: US7181721090   Primary SEDOL: B2PKRQ3
         
  Shares Voted: 111,405  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Harold Brown    Mgmt    Yes    For    For

1.2

   Elect Director André Calantzopoulos    Mgmt    Yes    For    For

1.3

   Elect Director Louis C. Camilleri    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Philip Morris International Inc.

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.4

   Elect Director Werner Geissler    Mgmt    Yes    For    For

1.5

   Elect Director Jennifer Li    Mgmt    Yes    For    For

1.6

   Elect Director Jun Makihara    Mgmt    Yes    For    For

1.7

   Elect Director Sergio Marchionne    Mgmt    Yes    For    For

1.8

   Elect Director Kalpana Morparia    Mgmt    Yes    For    For

1.9

   Elect Director Lucio A. Noto    Mgmt    Yes    For    For

1.10

   Elect Director Frederik Paulsen    Mgmt    Yes    For    For

1.11

   Elect Director Robert B. Polet    Mgmt    Yes    For    For

1.12

   Elect Director Stephen M. Wolf    Mgmt    Yes    For    For

2

   Ratify PricewaterhouseCoopers SA as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Adopt Anti-Forced Labor Policy for Tobacco Supply Chain    SH    Yes    Against    Against

Standard Chartered plc

 

Meeting Date: 05/06/2015   Country: United Kingdom   Primary Security ID: G84228157
Record Date: 05/01/2015   Meeting Type: Annual   Ticker: STAN
         
Primary CUSIP: G84228157   Primary ISIN: GB0004082847   Primary SEDOL: 0408284
         
  Shares Voted: 1,330,078  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Final Dividend    Mgmt    Yes    For    For

3

   Approve Remuneration Report    Mgmt    Yes    For    For

4

   Elect Dr Byron Grote as Director    Mgmt    Yes    For    For

5

   Elect Andy Halford as Director    Mgmt    Yes    For    For

6

   Elect Gay Huey Evans as Director    Mgmt    Yes    For    For

7

   Elect Jasmine Whitbread as Director    Mgmt    Yes    For    For

8

   Re-elect Om Bhatt as Director    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Standard Chartered plc

 

Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

9

   Re-elect Dr Kurt Campbell as Director    Mgmt    Yes    For    For

10

   Re-elect Dr Louis Cheung as Director    Mgmt    Yes    For    For

11

   Re-elect Dr Han Seung-soo as Director    Mgmt    Yes    For    For

12

   Re-elect Christine Hodgson as Director    Mgmt    Yes    For    For

13

   Re-elect Naguib Kheraj as Director    Mgmt    Yes    For    For

14

   Re-elect Simon Lowth as Director    Mgmt    Yes    For    For

15

   Re-elect Ruth Markland as Director    Mgmt    Yes    For    For

16

   Re-elect Sir John Peace as Director    Mgmt    Yes    For    For

17

   Re-elect Mike Rees as Director    Mgmt    Yes    For    For

18

   Re-elect Viswanathan Shankar as Director    Mgmt    No      

19

   Re-elect Paul Skinner as Director    Mgmt    Yes    For    For

20

   Re-elect Dr Lars Thunell as Director    Mgmt    Yes    For    For

21

   Appoint KPMG LLP as Auditors    Mgmt    Yes    For    For

22

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

23

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

24

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

25

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

26

   Authorise Issue of Equity with Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

27

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

28

   Authorise Issue of Equity without Pre-emptive Rights in Relation to Equity Convertible Additional Tier 1 Securities    Mgmt    Yes    For    For

29

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

30

   Authorise Market Purchase of Preference Shares    Mgmt    Yes    For    For

31

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

GlaxoSmithKline plc

 

Meeting Date: 05/07/2015   Country: United Kingdom   Primary Security ID: G3910J112
Record Date: 05/05/2015   Meeting Type: Annual   Ticker: GSK
         
Primary CUSIP: G3910J112   Primary ISIN: GB0009252882   Primary SEDOL: 0925288
         
  Shares Voted: 749,139  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Elect Sir Philip Hampton as Director    Mgmt    Yes    For    For

4

   Elect Urs Rohner as Director    Mgmt    Yes    For    For

5

   Re-elect Sir Andrew Witty as Director    Mgmt    Yes    For    For

6

   Re-elect Sir Roy Anderson as Director    Mgmt    Yes    For    For

7

   Re-elect Dr Stephanie Burns as Director    Mgmt    Yes    For    For

8

   Re-elect Stacey Cartwright as Director    Mgmt    Yes    For    For

9

   Re-elect Simon Dingemans as Director    Mgmt    Yes    For    For

10

   Re-elect Lynn Elsenhans as Director    Mgmt    Yes    For    For

11

   Re-elect Judy Lewent as Director    Mgmt    Yes    For    For

12

   Re-elect Sir Deryck Maughan as Director    Mgmt    Yes    For    For

13

   Re-elect Dr Daniel Podolsky as Director    Mgmt    Yes    For    For

14

   Re-elect Dr Moncef Slaoui as Director    Mgmt    Yes    For    For

15

   Re-elect Hans Wijers as Director    Mgmt    Yes    For    For

16

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

17

   Authorise the Audit & Risk Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

18

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

19

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

20

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

21

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

22

   Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports    Mgmt    Yes    For    For

23

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For

24

   Approve Share Value Plan    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Verizon Communications Inc.

 

Meeting Date: 05/07/2015   Country: USA   Primary Security ID: 92343V104
Record Date: 03/09/2015   Meeting Type: Annual   Ticker: VZ
         
Primary CUSIP: 92343V104   Primary ISIN: US92343V1044   Primary SEDOL: 2090571
         
  Shares Voted: 219,999  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1.1

   Elect Director Shellye L. Archambeau    Mgmt    Yes    For    For

1.2

   Elect Director Mark T. Bertolini    Mgmt    Yes    For    For

1.3

   Elect Director Richard L. Carrion    Mgmt    Yes    For    For

1.4

   Elect Director Melanie L. Healey    Mgmt    Yes    For    For

1.5

   Elect Director M. Frances Keeth    Mgmt    Yes    For    For

1.6

   Elect Director Lowell C. McAdam    Mgmt    Yes    For    For

1.7

   Elect Director Donald T. Nicolaisen    Mgmt    Yes    For    For

1.8

   Elect Director Clarence Otis, Jr.    Mgmt    Yes    For    For

1.9

   Elect Director Rodney E. Slater    Mgmt    Yes    For    For

1.10

   Elect Director Kathryn A. Tesija    Mgmt    Yes    For    For

1.11

   Elect Director Gregory D. Wasson    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Net Neutrality    SH    Yes    Against    Against

5

   Report on Indirect Political Contributions    SH    Yes    Against    Against

6

   Submit Severance Agreement (Change-in-Control) to Shareholder Vote    SH    Yes    Against    Against

7

   Stock Retention/Holding Period    SH    Yes    Against    Against

8

   Provide Right to Act by Written Consent    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

ConocoPhillips

 

Meeting Date: 05/12/2015   Country: USA   Primary Security ID: 20825C104
Record Date: 03/13/2015   Meeting Type: Annual   Ticker: COP
         
Primary CUSIP: 20825C104   Primary ISIN: US20825C1045   Primary SEDOL: 2685717
         
  Shares Voted: 165,440  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

1a

   Elect Director Richard L. Armitage    Mgmt    Yes    For    For

1b

   Elect Director Richard H. Auchinleck    Mgmt    Yes    For    For

1c

   Elect Director Charles E. Bunch    Mgmt    Yes    For    For

1d

   Elect Director James E. Copeland, Jr.    Mgmt    Yes    For    For

1e

   Elect Director John V. Faraci    Mgmt    Yes    For    For

1f

   Elect Director Jody L. Freeman    Mgmt    Yes    For    For

1g

   Elect Director Gay Huey Evans    Mgmt    Yes    For    For

1h

   Elect Director Ryan M. Lance    Mgmt    Yes    For    For

1i

   Elect Director Arjun N. Murti    Mgmt    Yes    For    For

1j

   Elect Director Robert A. Niblock    Mgmt    Yes    For    For

1k

   Elect Director Harald J. Norvik    Mgmt    Yes    For    For

2

   Ratify Ernst & Young LLP as Auditors    Mgmt    Yes    For    For

3

   Advisory Vote to Ratify Named Executive Officers’ Compensation    Mgmt    Yes    For    For

4

   Report on Lobbying Payments and Policy    SH    Yes    Against    Against

5

   Pro-rata Vesting of Equity Plan    SH    Yes    Against    Against

6

   Remove or Adjust Reserve Metrics used for Executive Compensation    SH    Yes    Against    Against

7

   Adopt Proxy Access Right    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Royal Dutch Shell plc

 

Meeting Date: 05/19/2015   Country: United Kingdom   Primary Security ID: G7690A100
Record Date: 05/15/2015   Meeting Type: Annual   Ticker: RDSA
         
Primary CUSIP: G7690A118   Primary ISIN: GB00B03MLX29   Primary SEDOL: B03MLX2
         
  Shares Voted: 564,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec   

Vote

Instruction

 

   Management Proposals    Mgmt    No      

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Re-elect Ben van Beurden as Director    Mgmt    Yes    For    For

4

   Re-elect Guy Elliott as Director    Mgmt    Yes    For    For

5

   Re-elect Euleen Goh as Director    Mgmt    Yes    For    For

6

   Re-elect Simon Henry as Director    Mgmt    Yes    For    For

7

   Re-elect Charles Holliday as Director    Mgmt    Yes    For    For

8

   Re-elect Gerard Kleisterlee as Director    Mgmt    Yes    For    For

9

   Re-elect Sir Nigel Sheinwald as Director    Mgmt    Yes    For    For

10

   Re-elect Linda Stuntz as Director    Mgmt    Yes    For    For

11

   Re-elect Hans Wijers as Director    Mgmt    Yes    For    For

12

   Re-elect Patricia Woertz as Director    Mgmt    Yes    For    For

13

   Re-elect Gerrit Zalm as Director    Mgmt    Yes    For    For

14

   Reappoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

15

   Authorise Board to Fix Remuneration of Auditors    Mgmt    Yes    For    For

16

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

18

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

19

   Approve Scrip Dividend Scheme    Mgmt    Yes    For    For

20

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For
   Shareholder Proposal    Mgmt    No      

21

   Approve Strategic Resilience for 2035 and Beyond    SH    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Compagnie generale des etablissements Michelin

 

Meeting Date: 05/22/2015   Country: France   Primary Security ID: F61824144
Record Date: 05/19/2015   Meeting Type: Annual/Special   Ticker: ML
         
Primary CUSIP: F61824144   Primary ISIN: FR0000121261   Primary SEDOL: 4588364
         
  Shares Voted: 73,530  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Allocation of Income and Dividends of EUR 2.50 per Share    Mgmt    Yes    For    For

3

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

4

   Approve Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of New Transactions    Mgmt    Yes    For    For

5

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6

   Advisory Vote on Compensation of Jean-Dominique Senard, General Manager    Mgmt    Yes    For    For

7

   Reelect Barbara Dalibard as Supervisory Board Member    Mgmt    Yes    For    For

8

   Elect Aruna Jayanthi as Supervisory Board Member    Mgmt    Yes    For    For
   Extraordinary Business    Mgmt    No      

9

   Authorize Decrease in Share Capital via Cancellation of Repurchased Shares    Mgmt    Yes    For    For

10

   Amend Article 22 of Bylaws Re: Record Date    Mgmt    Yes    For    For

11

   Authorize Filing of Required Documents/Other Formalities    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

Total SA

 

Meeting Date: 05/29/2015   Country: France   Primary Security ID: F92124100
Record Date: 05/26/2015   Meeting Type: Annual   Ticker: FP
         
Primary CUSIP: F92124100   Primary ISIN: FR0000120271   Primary SEDOL: B15C557
         
  Shares Voted: 393,975  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

   Ordinary Business    Mgmt    No      

1

   Approve Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Consolidated Financial Statements and Statutory Reports    Mgmt    Yes    For    For

3

   Approve Allocation of Income and Dividends of EUR 2.44 per Share    Mgmt    Yes    For    For

4

   Approve Stock Dividend Program (Cash or New Shares)    Mgmt    Yes    For    For

5

   Authorize Repurchase of Up to 10 Percent of Issued Share Capital    Mgmt    Yes    For    For

6

   Reelect Patrick Artus as Director    Mgmt    Yes    For    For

7

   Reelect Anne-Marie Idrac as Director    Mgmt    Yes    For    For

8

   Elect Patrick Pouyanne as Director    Mgmt    Yes    For    For

9

   Approve Agreement with Patrick Pouyanne, CEO    Mgmt    Yes    For    For

10

   Advisory Vote on Compensation of Thierry Desmarest, Chairman since Oct. 22, 2014    Mgmt    Yes    For    For

11

   Advisory Vote on Compensation of Patrick Pouyanne, CEO since Oct. 22, 2014    Mgmt    Yes    For    For

12

   Advisory Vote on Compensation of Christophe de Margerie, CEO and Chairman until Oct. 20, 2014    Mgmt    Yes    For    For
   Shareholder Proposal Submitted by UES Amont Total Workers’ Council    Mgmt    No      

A

   Address the Matter of a Fair Sharing of Costs between Shareholders and Company Employees    SH    Yes    Against    Against


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

G4S plc

 

Meeting Date: 06/04/2015   Country: United Kingdom   Primary Security ID: G39283109
Record Date: 06/02/2015   Meeting Type: Annual   Ticker: GFS
         
Primary CUSIP: G39283109   Primary ISIN: GB00B01FLG62   Primary SEDOL: B01FLG6
         
  Shares Voted: 4,282,000  

 

           
Proposal
Number
   Proposal Text    Proponent    Votable
Proposal
   Mgmt Rec    Vote
Instruction

 

1

   Accept Financial Statements and Statutory Reports    Mgmt    Yes    For    For

2

   Approve Remuneration Report    Mgmt    Yes    For    For

3

   Approve Final Dividend    Mgmt    Yes    For    For

4

   Re-elect Ashley Almanza as Director    Mgmt    Yes    For    For

5

   Re-elect John Connolly as Director    Mgmt    Yes    For    For

6

   Re-elect Adam Crozier as Director    Mgmt    Yes    For    For

7

   Re-elect Mark Elliott as Director    Mgmt    Yes    For    For

8

   Re-elect Winnie Kin Wah Fok as Director    Mgmt    Yes    For    For

9

   Re-elect Himanshu Raja as Director    Mgmt    Yes    For    For

10

   Re-elect Paul Spence as Director    Mgmt    Yes    For    For

11

   Re-elect Clare Spottiswoode as Director    Mgmt    Yes    For    For

12

   Re-elect Tim Weller as Director    Mgmt    Yes    For    For

13

   Appoint PricewaterhouseCoopers LLP as Auditors    Mgmt    Yes    For    For

14

   Authorise the Audit Committee to Fix Remuneration of Auditors    Mgmt    Yes    For    For

15

   Authorise Issue of Equity with Pre-emptive Rights    Mgmt    Yes    For    For

16

   Authorise Issue of Equity without Pre-emptive Rights    Mgmt    Yes    For    For

17

   Authorise Market Purchase of Ordinary Shares    Mgmt    Yes    For    For

18

   Authorise EU Political Donations and Expenditure    Mgmt    Yes    For    For

19

   Authorise the Company to Call EGM with Two Weeks’ Notice    Mgmt    Yes    For    For


Vote Summary Report

Reporting Period: 07/01/2014 to 06/30/2015

Location(s): Tweedy, Browne Company LLC.

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

 

PARAMETERS

Location(s): Tweedy, Browne Company LLC.

Account Group(s): All Account Groups

Institution Account(s): Tweedy, Browne Worldwide High Dividend Yield Value Fund

Custodian Account(s): All Custodian Accounts

Additional Policy: None

ADR Meetings: All Meetings

Ballot Statuses: All Statuses

Contrary Votes: All Votes

Date Format: MM/DD/YYYY

Header Display: Repeat Headers for Any Meeting Split by Multiple Pages

Markets: All Markets

Meeting ID’s: All Meeting ID’s

Meeting Types: All Meeting Types

PoA Markets: All Markets

Proposal Proponents: All Proponents

Rationale: All Rationale

Recommendations: All Recommendations

Record Date Markets: All Markets

Shareblocking Markets: All Markets

Sort Order: Meeting Date, Company Name

Vote Instructions: All Instructions

Voting Policies: All Policies

Zero (0) Share Ballots: Exclude 0 Share Ballots

Account Watchlist: None

Country Watchlist: None

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Proposal Code Watchlist: None

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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  

                               Tweedy, Browne Fund Inc.

By (Signature and Title)*        /s/Thomas H. Shrager
           Thomas H. Shrager, President
           (principal executive officer)
Date                                         August 26, 2015

*Print the name and title of each signing officer under his or her signature.