UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM N-PX
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ANNUAL REPORT OF PROXY VOTING RECORD
OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-6027
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KAVILCO INCORPORATED
(Exact name of registrant as specified in charter)
600 University Street, Suite 3010, Seattle, Washington 98101-1129
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (206) 624-6166
Date of fiscal year end: December 31, 2011
Date of reporting period: July 1, 2010 - June 30, 2011
Item 1. Proxy Voting Record
Description | Mgmt Rec | Vote Cast | Sponsor |
Issuer: AT&T Inc. | |||
Ticker: T | |||
CUSIP: 00206R102 | |||
Meeting Date: 04/29/11 | |||
Record Date: 03/01/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of selection of independent auditors | FOR | FOR | MGMT |
Proposal to approve 2011 Incentive Plan | FOR | FOR | MGMT |
Proposal regarding advisory vote on executive compensation | FOR | FOR | MGMT |
Proposal to vote 3 years on frequency of vote on executive compensation | FOR | FOR | MGMT |
Proposal regarding political contributions | AGAINST | AGAINST | SHLDR |
Proposal regarding special stockholder meetings | AGAINST | AGAINST | SHLDR |
Proposal regarding written consent | AGAINST | AGAINST | SHLDR |
Issuer: AvalonBay Communities, Inc. | |||
Ticker: AVB | |||
CUSIP: 053484101 | |||
Meeting Date: 05/11/11 | |||
Record Date: 03/04/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification the selection of Ernst & Young LLP as independent auditors | FOR | FOR | MGMT |
Proposal to cast non-binding advisory vote on approval of the compensation paid to company's named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the compensation discussion and analysis, compensation tables and narrative discussion set forth in the proxy statement | FOR | FOR | MGMT |
Proposal to cast non-binding advisory vote as to frequency of future advisory stockholder votes on the company's named executive officer compensation | 1 YR | FOR | MGMT |
Issuer: Buckeye Partners, L.P. | |||
Ticker: BPL | |||
CUSIP: 118230101 | |||
Special Meeting Date: 11/16/10 | |||
Record Date: 09/17/10 | |||
Proposal of a first amended and restated agreement and plan of merger by and among Buckeye Partners, L.P. (The "Partnership"), Buckeye GP LLC, Grand Ohio LLC, Buckeye GP Holdings L.P. & Mainline Management LLC, dated as of August 18, 2010 and the transactions contemplated thereby, all as more fully described in the proxy statement | FOR | FOR | MGMT |
Proposal to consider and vote upon the approval of the amended and restated agreement of limited partnership of the partnership | FOR | FOR | MGMT |
Issuer: Buckeye Partners, L.P. | |||
Ticker: BPL | |||
CUSIP: 118230101 | |||
Meeting Date: 06/07/11 | |||
Record Date: 04/08/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of selection of Deloitte & Touche LLP | FOR | FOR | MGMT |
Proposal on advisory resolution on executive compensation | FOR | FOR | MGMT |
Proposal on advisory vote on the frequency of future advisory votes on executive compensation. | 3 YR | FOR | MGMT |
Issuer: CenturyLink, Inc. | |||
Ticker: CTL | |||
CUSIP: 156700106 | |||
Special Meeting Date: 08/24/10 | |||
Record Date: 07/13/10 | |||
Proposal to approve the issuance of shares of CenturyLink common stock in connection with the merger contemplated by the agreement and plan of merger, dated as of April 21, 2010, by and among Qwest Communications International Inc., the Company, and SB44 Acquistion Company, as such agreement may be amended from time to time | FOR | FOR | MGMT |
Proposal to approve the adjournment of the meeting, if necessary, to solicit additional proxies if there are not sufficient votes for the proposal to issue CentryLink common stock in connection with the merger | FOR | FOR | MGMT |
Issuer: CenturyLink, Inc. | |||
Ticker: CTL | |||
CUSIP: 156700106 | |||
Meeting Date: 05/18/11 | |||
Record Date: 03/21/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of the appointment of KPMG LLP as independent auditor | FOR | FOR | MGMT |
Proposal to approve 2011 Equity Incentive Plan | FOR | FOR | MGMT |
Proposal on advisory vote on executive compensation | FOR | FOR | MGMT |
Proposal on advisory vote on the frequency of executive compensation votes | 1 YR | FOR | MGMT |
Proposal regarding political contributions report | AGAINST | AGAINST | SHLDR |
Proposal regarding board declassification | AGAINST | AGAINST | SHLDR |
Issuer: Consolidated Edison, Inc. | |||
Ticker: ED | |||
CUSIP: 209115104 | |||
Meeting Date: 05/16/11 | |||
Record Date: 03/28/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of appointment of independent accountants | FOR | FOR | MGMT |
Proposal on advisory vote on executive compensation | FOR | FOR | MGMT |
Proposal on frequency of an advisory vote on executive compensation | 1 YR | FOR | MGMT |
Proposal on additional compensation information | AGAINST | AGAINST | SHLDR |
Issuer: Duke Energy Corporation | |||
Ticker: DUK | |||
CUSIP: 26441C105 | |||
Meeting Date: 05/05/11 | |||
Record Date: 03/10/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of selection of Deloitte & Touche LLP as independent public accountant | FOR | FOR | MGMT |
Proposal on advisory vote on executive compensation | FOR | FOR | MGMT |
Proposal on frequency of an advisory vote on executive compensation | 1 YR | FOR | MGMT |
Proposal relating to preparation of a report on Duke Energy Corporation's global warming-related lobbying activities | AGAINST | AGAINST | SHLDR |
Proposal regarding the issuance of a report on the financial risks of continued reliance on coal | AGAINST | AGAINST | SHLDR |
Proposal regarding an amendment to our organizational documents to require majority voting for the election of directors | AGAINST | AGAINST | SHLDR |
Issuer: Frontier Communications Corporation | |||
Ticker: FTR | |||
CUSIP: 35906A108 | |||
Meeting Date: 05/12/11 | |||
Record Date: 03/16/11 | |||
Election of Directors | FOR | FOR | MGMT |
Proposal on advisory vote on executive compensation | FOR | FOR | MGMT |
Proposal on frequency of an advisory vote on executive compensation | 1 YR | FOR | MGMT |
Proposal to consider and vote upon a stockholder proposal, if presented at the meeting | AGAINST | AGAINST | SHLDR |
Ratification appointment of KPMG LLP as independent public accounting firm | FOR | FOR | MGMT |
Issuer: Merck & Co., Inc. | |||
Ticker: MRK | |||
CUSIP: 58933Y105 | |||
Meeting Date: 05/24/11 | |||
Record Date: 03/25/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of the Company's independent accounting firm | FOR | FOR | MGMT |
Proposal on advisory vote on executive compensation | FOR | FOR | MGMT |
Proposal on advisory vote on the frequency of future votes on executive compensation | 3 YRS | FOR | MGMT |
Issuer: NSTAR | |||
Ticker: NST | |||
CUSIP: 67019E107 | |||
Special Meeting Date: 03/04/11 | |||
Record Date: 01/04/11 | |||
Proposal to approve the merger contemplated by the agreement and plan of merger, dated as of October 16, 2010, as amended on November 1, 2010 and December 16, 2010, by and among Northeast Utilities, NU Holding Energy 1 LLC, NU Holding Energy 2 LLC and NSTAR, as it may be further amended from time to time, and adopt the agreement and plan of merger | FOR | FOR | MGMT |
Proposal to adjourn the NSTAR Special Meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes to approve the merger and agreement and plan of merger | FOR | FOR | MGMT |
Issuer: ONEOK, Inc. | |||
Ticker: OKE | |||
CUSIP: 682680103 | |||
Meeting Date: 05/25/11 | |||
Record Date: 03/28/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm | FOR | FOR | MGMT |
Proposal on advisory vote on executive compensation | FOR | FOR | MGMT |
Proposal on advisory vote on frequency of holding advisory vote on executive compensation | 1 YR | FOR | MGMT |
Issuer: Progress Energy, Inc. | |||
Ticker: PGN | |||
CUSIP: 743263105 | |||
Meeting Date: 05/11/11 | |||
Record Date: 03/04/11 | |||
Election of Directors | FOR | FOR | MGMT |
Proposal on advisory (nonbinding) vote to approve executive compensation | FOR | FOR | MGMT |
Proposal to recommend, by an advisory (nonbinding) vote, the frequency of shareholder votes on executive compensation | 1 YR | FOR | MGMT |
Ratification of selection of Deloitte & Touche LLP as independent registered public accounting firm | FOR | FOR | MGMT |
Issuer: Royal Dutch Shell PLC | |||
Ticker: RDS/A | |||
CUSIP: 780259206 | |||
Meeting Date: 05/17/11 | |||
Record Date: 04/04/11 | |||
Adoption of Annual Report & Accounts | FOR | FOR | MGMT |
Approval of Remuneration Report | FOR | FOR | MGMT |
Appointment of Linda G. Stuntz as a Director of the Company | FOR | FOR | MGMT |
Re-appointment of Directors | FOR | FOR | MGMT |
Re-appointment of auditors | FOR | FOR | MGMT |
Remuneration of auditors | FOR | FOR | MGMT |
Approval of authority to allot shares | FOR | FOR | MGMT |
Approval of disapplication of pre-emption rights | FOR | FOR | MGMT |
Approval of authority to purchase own shares | FOR | FOR | MGMT |
Approval of authority for certain donations and expenditure | FOR | FOR | MGMT |
Issuer: Sanofi-Aventis | |||
Ticker: SNY | |||
CUSIP: 80105N105 | |||
Meeting Date: 05/06/11 | |||
Record Date: 03/28/11 | |||
Proposal regarding approval of the individual company financial statements for the year ended December 31, 2010 | FOR | FOR | MGMT |
Proposal regarding approval of the consolidated financial statements for the year ended December 31, 2010 | FOR | FOR | MGMT |
Approval of the appropriation of profits; declaration of dividend | FOR | FOR | MGMT |
Agreements and commitments subject to article L.225-38 et esq of the Commercial Code | FOR | FOR | MGMT |
Directors attendance fees | FOR | FOR | MGMT |
Ratification of the co-opting of a Director (Ms. Carole Piwnica) | FOR | FOR | MGMT |
Appointment of a Director: (Ms. Suet-Fern Lee) | FOR | FOR | MGMT |
Approval of the re-appointment of directors | FOR | FOR | MGMT |
Reappointment of a Statutory Auditor (PricewaterhouseCoopers Audit) | FOR | FOR | MGMT |
Appointment of a Deputy Statutory Auditor (Mr. Yves Nicolas) | FOR | FOR | MGMT |
Authorization to the Board of Directors to carry out transactions in shares issued by the Company | FOR | FOR | MGMT |
Delegation to the Board of Directors of authority to decide to carry out increases in the share capital by issuance, with preemptive rights maintained, of shares and/or securities giving access to the company's capital and/or by issuance of securities giving entitlement to the allotment of debt instruments | FOR | FOR | MGMT |
Delegation to the Board of Directors of authority to decide to carry out by public offering increases in the share capital by issuance, without preemptive rights, of shares and/or securities giving access to the company's capital and/or the issuance of securities giving entitlement to the allotment of debt instruments | FOR | FOR | MGMT |
Possibility of issuing, without preemptive rights, shares and/or securities giving access to the company's capital as consideration for assets transferred to the company as a capital contribution in kind in the form of shares or securities giving access to the capital of another company | FOR | FOR | MGMT |
Delegation to the Board of Directors of authority to increase the number of shares to be issued in the event of a capital increase with or without preempive rights | FOR | FOR | MGMT |
Delegation to the Board of Directors of authority to decide to carry out increases in the share capital by incorporation of share premium, reserves, profits or other items | FOR | FOR | MGMT |
Delegation to the Board of Directors of authority to decide to carry out increases in the share capital by issuance, of shares or securities giving access to the company's capital reserved for members of savings plans, with waiver of preemptive rights in their favor | FOR | FOR | MGMT |
Delegation to the Board of Directors of authority to grant options to subscribe for or purchase shares | FOR | FOR | MGMT |
Authorization to the Board of Directors to reduce the share capital by cancellation of treasury shares | FOR | FOR | MGMT |
Amendment to article 11 of the Articles of Association | FOR | FOR | MGMT |
Amendment to article 12 of the Articles of Association | FOR | FOR | MGMT |
Amendment to article 19 of the Articles of Association | FOR | FOR | MGMT |
Change of name and corresponding change to the Articles of Association | FOR | FOR | MGMT |
Powers for formalities | FOR | FOR | MGMT |
Issuer: Scana Corporation | |||
Ticker: SCG | |||
CUSIP: 80589M102 | |||
Meeting Date: 04/21/11 | |||
Record Date: 03/03/11 | |||
Election of Directors | FOR | FOR | MGMT |
Approval of amendment to director compensation and deferral plan | FOR | FOR | MGMT |
Approval of amendment to Articles of Incorporation to increase authorized shares from 150,000,000 to 200,000,000 | FOR | FOR | MGMT |
Approval of appointment of independent registered public accounting firm | FOR | FOR | MGMT |
Advisory (non-binding) vote on executive compensation | FOR | FOR | MGMT |
Advisory (non-binding) vote on frequency of executive compensation vote | 3 YR | FOR | MGMT |
Issuer: The Southern Company | |||
Ticker: SO | |||
CUSIP: 842587107 | |||
Meeting Date: 05/25/11 | |||
Record Date: 03/28/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of appointment of Deloitte & Touche LLP as independent public registered accounting firm | FOR | FOR | MGMT |
Advisory vote on executive compensation | FOR | FOR | MGMT |
Advisory vote on frequency of vote on executive compensation | 1 YR | FOR | MGMT |
Approval of omnibus incentive compensation plan | FOR | FOR | MGMT |
Proposal regarding coal combustion byproducts environmental report | AGAINST | AGAINST | SHLDR |
Issuer: Unilever PLC | |||
Ticker: UL | |||
CUSIP: 904767704 | |||
Meeting Date: 05/11/11 | |||
Record Date: 03/21/11 | |||
To approve the Directors' Remuneration Report for the year ended 31 December 2010 | FOR | FOR | MGMT |
Election of Directors | FOR | FOR | MGMT |
Re-appoint PricewaterhouseCoopers LLP as auditors of the company | FOR | FOR | MGMT |
Approval to authorize the Directors to fix the remuneration of the auditors | FOR | FOR | MGMT |
Approval to renew the authority to Directors to issue shares | FOR | FOR | MGMT |
Approval to renew the authority to Directors to disapply pre-emption rights | FOR | FOR | MGMT |
Approval to renew the authority to the Company to purchase its own shares | FOR | FOR | MGMT |
Approval to authorize Political Donations and Expenditure | FOR | FOR | MGMT |
Approval to shorten the Notice period for General Meetings | FOR | FOR | MGMT |
To amend the Articles of Association in relation to the Directors' power to borrow money and give security | FOR | FOR | MGMT |
Issuer: Verizon Communications Inc. | |||
Ticker: VZ | |||
CUSIP: 92343V104 | |||
Meeting Date: 05/05/11 | |||
Record Date: 03/07/11 | |||
Election of Directors | FOR | FOR | MGMT |
Ratification of appointment of independent registered public accounting firm | FOR | FOR | MGMT |
Advisory vote related to executive compensation | FOR | FOR | MGMT |
Advisory vote related to future votes on executive compensation | 1 YR | FOR | MGMT |
Proposal to disclose prior government service | AGAINST | AGAINST | SHLDR |
Proposal regarding performance stock unit performance thresholds | AGAINST | AGAINST | SHLDR |
Proposal regarding cumulative voting | AGAINST | AGAINST | SHLDR |
Proposal regarding shareholder right to call a special meeting | AGAINST | AGAINST | SHLDR |
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.
KAVILCO INCORPORATED
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(Registrant)
BY: | /s/ Louis A. Thompson |
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Louis A. Thompson | |
DATE: | August 3, 2011 |