UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act
File number 811-6027
KAVILCO INCORPORATED
(Exact name of registrant as specified in charter)
600 UNIVERSITY STREET, SUITE 3010
SEATTLE, WASHINGTON 98101-1129
(Address of principal executive offices) (Zip code)
Registrant’s telephone number, including area code: (206) 624-6166
Date of fiscal year end: December 31, 2014
Date of reporting period: July 1, 2014 - June 30, 2015
ITEM 1: PROXY VOTING RECORD
Description | Mgmt | Vote Cast | Sponsor |
Issuer: Alliant Energy Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Proposal to approve the Alliant energy corporation amended and restated 2010 omnibus incentive plan for purposes of section 162(m) of the internal revenue code. | For | For | Mgmt |
Ratification of appointment of independent auditors
| For | For | Mgmt |
Issuer: American Electric Power Company, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratification of appointment of independent auditors | For | For | Mgmt |
Advisory approval of the company’s executive compensation | For | For | Mgmt |
Amendment to the restated certificate of incorporation to eliminate article 7 | For | For | Mgmt |
Amendment to the by-laws to eliminate the supermajority provisions | For | For | Mgmt |
Shareholder proposal for proxy access
| Against | Against | Shldr |
Issuer: AT&T Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratification of appointment of independent auditors | For | For | Mgmt |
Advisory approval of executive compensation | For | For | Mgmt |
Political spending report | Against | Against | Shldr |
Lobbying report | Against | Against | Shldr |
Special meetings
| Against | Against | Shldr |
Issuer: Atlas Pipeline Partners, L.P. (Special Meeting of Shareholders) |
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Proposal to approve and adopt the agreement and plan of merger (the “APL Merger Agreement”), dated as of October 13, 2014, by and among Targa Resources Corp., Targa Resources Partners LP, Targa Resources GP LLC, Trident MLP Merger Sub LLC, Atlas Energy, LP., Atlas Pipeline Partners, L.P. and Atlas Pipeline Partners GP, LLC, and to approve the merger contemplated by the APL merger agreement. | For | For | Mgmt |
Proposal to approve, on an advisory (non-binding) basis, the compensation payments that will or may be paid by Atlas Pipeline Partners, L.P. to its named executive officers in connection with the merger.
| For | For | Mgmt |
Issuer: Atmos Energy Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent Auditors | For | For | Mgmt |
Proposal for an advisory vote by shareholders to approve the compensation of the company’s named executive officers for fiscal 2014 (“say on pay”)
| For | For | Mgmt |
Issuer: Avalonbay Communities, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent Auditors | For | For | Mgmt |
To adopt a resolution approving, on a non-binding advisory basis, the compensation paid to the company’s named executive officers, as disclosed pursuant to item 402 of regulation S-K, including the compensation discussion and analysis, compensation tables and narrative discussion set forth in the proxy statement | For | For | Mgmt |
To adopt a stockholder proposal, if properly presented at the meeting, that the Board of Directors adopt, and present for stockholder approval, a “Proxy Access” bylaw | Against | Against | Shldr |
To adopt a stockholder proposal, if properly presented at the meeting, that the Board of Directors adopt a policy addressing the separation of the roles of CEO and Chairman
| Against | Against | Shldr |
Issuer: Avista Corp. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Amendment of the Company’s restated articles of incorporation to reduce certain shareholder approval requirements | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Amendment of the company’s long-term incentive plan in order to increase the number of shares reserved for the issuance under the plan | For | For | Mgmt |
Advisory (non-binding) vote on executive compensation
| For | For | Mgmt |
Issuer: Breitburn Energy Partners L.P. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Approval of the second amendment to the long-term incentive plan | For | For | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: Bristol-Myers Squibb Company |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve the compensation of our named executive officers | For | For | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Approval of amendment to certificate of incorporation exclusive forum provision | For | For | Mgmt |
Approval of amendment to certificate of incorporation - supermajority provisions - preferred stockholders | For | For | Mgmt |
Shareholder action by written consent
| Against | Against | Shldr |
Issuer: Buckeye Partners, L.P. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors
| For | For | Mgmt |
Issuer: Caterpillar, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote regarding our executive compensation | For | For | Mgmt |
Stockholder proposal - independent board chairman | Against | Against | Shldr |
Stockholder proposal - stockholder right to act by written consent | Against | Against | Shldr |
Stockholder proposal - review of global corporate standards | Against | Against | Shldr |
Stockholder proposal - review of human rights policy
| Against | Against | Shldr |
Issuer: CenterPoint Energy, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote regarding our executive compensation | For | For | Mgmt |
Re-approval of the material terms of performance goals under the 2009 long-term incentive plan | For | For | Mgmt |
Re-approval of the material terms of performance goals under the short-term incentive plan | For | For | Mgmt |
Shareholder proposal regarding the preparation of an annual report on lobbying
| Against | Against | Shldr |
Issuer: CenturyLink, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote regarding our executive compensation | For | For | Mgmt |
Shareholder proposal regarding equity retention
| Against | Against | Shldr |
Issuer: Chevron Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Cease using corporate funds for political purposes | Against | Against | Shldr |
Adopt dividend policy | Against | Against | Shldr |
Adopt targets to reduce GHG Emissions | Against | Against | Shldr |
Report on shale energy operations | Against | Against | Shldr |
Adopt proxy access bylaw | Against | Against | Shldr |
Recommend Independent director with environmental expertise | Against | Against | Shldr |
Set special meetings threshold at 10%
| Against | Against | Shldr |
Issuer: Consolidated Communications Hldgs, Inc. (2014 Special Meeting of Shareholders) |
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Approval of the issuance of consolidated communications holdings, Inc. (“Consolidated”) common stock to Eventis Corporation (“Enventis”) shareholders in the merger contemplated by the agreement and plan of merger, dated as of June 29, 2014, by and among Consolidated, Eventis and Sky Merger Sub Inc. | For | For | Mgmt |
Approval to adjourn or postpone the special meeting, if necessary or appropriate, to solicit additional proxies
| For | For | Mgmt |
Issuer: Consolidated Communications Hldgs, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approve certain provisions of the Consolidated Communications, Inc. 2005 long-term incentive plan
| For | For | Mgmt |
Issuer: Diamond Offshore Drilling, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
To approve, on an advisory basis, executive compensation
| For | For | Mgmt |
Issuer: Digital Realty Trust, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
To approve the Digital Realty Trust, Inc., 2015 employee stock purchase plan | For | For | Mgmt |
To adopt a resolution to approve, on a non-binding advisory basis, the compensation of the company’s named executive officers, as more fully described in the accompanying proxy statement
| For | For | Mgmt |
Issuer: El Paso Pipeline Partners, L.P. (2014 Special Meeting of Shareholders) |
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To approve the EPB merger agreement | For | For | Mgmt |
To approve the EPB adjournment proposal
| For | For | Mgmt |
Issuer: Eli Lilly and Company |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Ratify the appointment of independent auditors
| For | For | Mgmt |
Issuer: Energy Transfer Partners, L.P. (2014 Special Meeting of Shareholders) |
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Approval of the second amended and restated Energy Transfer Partners, LP 2008 long-term amended from time to time, the “LTIP”), which, among other things, provides for an increase in the maximum number of common units reserved and available for delivery with respect to awards under the LTIP to 10,000,000 common units (the “LTIP Proposal”) | For | For | Mgmt |
Approval of the adjournment of the special meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies in the event there are not sufficient votes at the time of the special meeting to approve the LTIP Proposal
| For | For | Mgmt |
Issuer: Entergy Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Approval of the Entergy Corporation amended and restated Executive Annual Incentive Plan. | For | For | Mgmt |
Approval of the Entergy Corporation 2015 equity ownership plan | For | For | Mgmt |
Shareholder proposal regarding including carbon emission reductions in incentive compensation
| Against | Against | Shldr |
Issuer: EPR Properties |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Proposal to approve, on a non-binding advisory basis, the compensation of the company’s named executive officers as disclosed in these proxy materials | For | For | Mgmt |
Ratify the appointment of independent auditors
| For | For | Mgmt |
Issuer: (NE Utilities dba) Eversource Energy |
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Election of Directors | For, all directors | For, all directors | Mgmt |
To approve the proposed amendment to our declaration of trust to change the legal name of the company from Northeast Utilities to Eversource Energy | For | For | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Advisory vote to approve named executive officer compensation
| For | For | Mgmt |
Issuer: Exelon Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Approve performance measures in the 2011 long-term incentive plan | For | For | Mgmt |
Management proposal regarding proxy access | For | For | Mgmt |
Shareholder proposal regarding proxy access
| Against | Against | Shldr |
Issuer: Exxon Mobil Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Independent chairman | Against | Against | Shldr |
Proxy access bylaw | Against | Against | Shldr |
Climate expert on board | Against | Against | Shldr |
Board quota for women | Against | Against | Shldr |
Report on compensation for women | Against | Against | Shldr |
Report on lobbying | Against | Against | Shldr |
Greenhouse gas emissions goals | Against | Against | Shldr |
Report on hydraulic fracturing
| Against | Against | Shldr |
Issuer: FirstEnergy Corp. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Approve the FirstEnergy Corp. 2015 incentive compensation plan | For | For | Mgmt |
Shareholder proposal: report on lobbying expenditures | Against | Against | Shldr |
Shareholder proposal: report on carbon dioxide goals | Against | Against | Shldr |
Shareholder proposal: simple majority vote
| Against | Against | Shldr |
Issuer: General Electric Company |
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Election of Directors | For, all directors | For, all directors | Mgmt |
To consider and vote upon an advisory proposal to approve executive compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Cumulative voting | Against | Against | Shldr |
Written consent | Against | Against | Shldr |
One director from ranks of retirees | Against | Against | Shldr |
Holy Land principles | Against | Against | Shldr |
Limit equity vesting upon change in control
| Against | Against | Shldr |
Issuer: Health Care Reit, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approval of the compensation of the named executive officers as disclosed in the proxy statement pursuant to the compensation disclosure rules of the SEC
| For | For | Mgmt |
Issuer: Healthcare Realty Trust Incorporated |
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Approval of the charter amendment to declassify the company’s board of directors | For | For | Mgmt |
Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Resolved, that the shareholders of Healthcare Realty Trust Incorporated approve, on a non-binding advisory basis, the compensation of the named executive officers as disclosed pursuant to item 402 of regulation S-K in the company’s proxy statement of the 2015 annual meeting of shareholders | For | For | Mgmt |
Approval of the Healthcare Realty Trust Incorporated 2015 stock incentive plan
| For | For | Mgmt |
Issuer: Hospitality Properties Trust (2015 Contested Annual Meeting of Shareholders) |
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Election of Independent Trustee in group II | For | For | Mgmt |
Election of Managing Trustee in group II | For | For | Mgmt |
Approval of a proposal requiring shareholder ratification of any election by the company to be subject to the Maryland unsolicited takeovers act | For | For | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: Hospitality Properties Trust (2015 Contested Annual Meeting of Shareholders) |
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Election of Trustees | Against | For | Mgmt |
To approve management’s proposal to allow management to opt-in to MUTA anti-takeover measures and wait up to 18 months before having a shareholder vote on such opt-in | Against | For | Mgmt |
Advisory vote to approve named executive officer compensation | None | For | Mgmt |
Ratify the appointment independent auditors | None | For | Mgmt |
To approve shareholder proposal to opt-out of MUTA anti-takeover measures and require prior shareholder approval to opt back in
| For | For | Shldr |
Issuer: John Hancock Preferred Income Fund |
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Election of Directors
| For, all directors | For, all directors | Mgmt |
Issuer: Kraft Foods Group, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Shareholder proposal: resolution related to egg-laying chickens | Against | Against | Shldr |
Shareholder proposal: resolution related to deforestation reporting | Against | Against | Shldr |
Shareholder proposal: resolution related to packaging reporting | Against | Against | Shldr |
Shareholder proposal: resolution related to sustainability reporting
| Against | Against | Shldr |
Issuer: Kraft Foods Group, Inc. (2015 Special Meeting of Shareholders) |
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A proposal to approve the agreement and plan of merger, dated as of March 24, 2016, among HJ Heinz Holding corporation, Kite Merger Sub Corp., Kite Merger Sub LLC and Kraft Foods Group, Inc. (The “Merger Agreement”) | For | For | Mgmt |
A proposal to approve, by non-binding advisory vote, the compensation that may become payable to Kraft Foods Group, Inc.’s named executive officers in connection with the merger of Kite Merger Sub Corp. with and into Kraft Foods Group, Inc. | For | For | Mgmt |
A proposal to approve one or more adjournments of the special meeting of shareholders of Kraft Foods Group, Inc., if necessary or appropriate, including adjournments to permit further solicitation of proxies in favor of the proposal related to the merger agreement
| For | For | Mgmt |
Issuer: Kinder Morgan Energy Partners, LP (Special Meeting of Shareholders) |
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To approve the KMP merger agreement | For | For | Mgmt |
To approve the KMP adjournment proposal
| For | For | Mgmt |
Issuer: Kinder Morgan, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Approval of Kinder Morgan In 2015 amended and restated stock incentive plan | For | For | Mgmt |
Approval of the amended and restated annual incentive plan of Kinder Morgan, Inc. | For | For | Mgmt |
Advisory vote to approve executive officer compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approval of the amended and restated certificate of Incorporation of Kinder Morgan, Inc. | Against | Against | Shldr |
Stockholder proposal relating to a report on our company’s response to climate change | Against | Against | Shldr |
Stockholder proposal relating to a report on methane emissions | Against | Against | Shldr |
Stockholder proposal relating to an annual sustainability report
| Against | Against | Shldr |
Issuer: Liberty Property Trust |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve the compensation of the trust’s named executive officers | For | For | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: Linn Energy, LLC |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: LTC Properties, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Approval of the company’s 2015 equity participation plan | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote to approve named executive officer compensation
| For | For | Mgmt |
Issuer: Magellan Midstream Partners, L.P. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory resolution to approve executive compensation | For | For | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: Markwest Energy Partners LP |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: McDonald’s Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote on a shareholder proposal requesting the board adopt a policy to prohibit accelerated vesting of performance-based RSU’s in the event of a change in control, if presented | Against | Against | Shldr |
Advisory vote on a shareholder proposal requesting ability of shareholders to act by written consent, if presented | Against | Against | Shldr |
Advisory vote on a shareholder proposal requesting a proxy access bylaw, if presented | Against | Against | Shldr |
Advisory vote on a shareholder proposal requesting an annual congruency analysis of company values and political contributions, if presented | Against | Against | Shldr |
Advisory vote on a shareholder proposal requesting that the board have the company be more pro-active in educating the American public on the health and environmental benefits of genetically modified organisms, if presented | Against | Against | Shldr |
Advisory vote on a shareholder proposal requesting that the board publish an annual report providing metrics and key performance indicators on palm oil, if presented
| Against | Against | Shldr |
Issuer: Merck & Co., Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve executive compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Proposal to amend and restate the 2010 incentive stock plan | For | For | Mgmt |
Proposal to amend and restate the executive incentive plan | For | For | Mgmt |
Shareholder proposal concerning shareholders’ right to act by written consent | Against | Against | Shldr |
Shareholder proposal concerning accelerated vesting of equity awards
| Against | Against | Shldr |
Issuer: Microsoft Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote on named executive officer compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Shareholder proposal - proxy access for shareholders
| Against | Against | Shldr |
Issuer: Mondelez Intl, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve executive compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Shareholder proposal: Report on packaging
| Against | Against | Shldr |
Issuer: National Retail Properties, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve executive compensation | For | For | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: NextEra Energy, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approval of non-binding advisory vote, of NextEra Energy’s compensation of its named executive officers as disclosed in the proxy statement | For | For | Mgmt |
Approval of amendment to article IV of the restated articles of incorporation (the “charter”) to eliminate supermajority vote requirement for shareholder removal of a director | For | For | Mgmt |
Approval of amendment to eliminate article VI of the charter, which includes supermajority vote requirements regarding business combinations with interested shareholders | For | For | Mgmt |
Approval of amendment to article VII of the charter to eliminate the supermajority vote requirement, and provide that the vote required is a majority of outstanding shares, for shareholder approval of certain amendments to the charter, any amendments to the bylaws or the adoption of any new bylaws and eliminate an exception to the required vote | For | For | Mgmt |
Approval of amendment to article IV of the charter to eliminate the “for cause” requirement for shareholder removal of a director | For | For | Mgmt |
Approval of amendment to article V of the charter to lower the minimum share ownership threshold for shareholders to call a special meeting of shareholders from a majority to 20% of outstanding shares | For | For | Mgmt |
Shareholder proposal - Political contribution disclosure - require semiannual report disclosing political contribution policies and expenditures | Against | Against | Shldr |
Shareholder proposal - special shareowner meetings - reduce threshold to call a special meeting of shareholders to 10% of outstanding shares
| Against | Against | Shldr |
Issuer: Omega Healthcare Investors, Inc. (Special Meeting of Shareholders) |
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To approve the issuance of shares of Omega common stock to the stockholders of Aviv Reit, Inc. (“AVIV”) in connection with the merger contemplated by the agreement and plan of merger, dated as of October 30, 2014 by and among Omega Healthcare Investors, Inc. (“Omega”), OHI Healthcare Properties Holdco, Inc., OHI (see Proxy statement for full proposal) | For | For | Mgmt |
To amend Omega’s articles of amendment and restatement to increase the number of authorized shares of Omega Capital stock from 220,000,000 to 370,000,000 and the number of authorized shares of Omega common stock from 200,000,000 to 350,000,000 | For | For | Mgmt |
To amend Omega’s articles of amendment and restatement to declassify Omega’s board of directors and provide that directors shall be elected for one-year terms | For | For | Mgmt |
To amend the Omega’s articles of amendment and restatement to remove the supermajority voting requirement (80%) for future amendments relating to the terms of directors | For | For | Mgmt |
To adjourn the Omega special meeting to a later date or dates, if necessary, to solicit additional proxies if there are not sufficient votes for the proposals to issue Omega common stock in connection with the merger and the charter amendment to increase the number of authorized shares of Omega common stock
| For | For | Mgmt |
Issuer: Omega Healthcare Investors, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approval of an amendment to Omega Healthcare Investors Inc.’s board of directors and provide that directors shall be elected for one- year terms | For | For | Mgmt |
Approval, on an advisory basis of executive compensation
| For | For | Mgmt |
Issuer: One Gas, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approval of the material terms of the performance goals for our equity compensation plan for purposes of internal revenue code section162(m) | For | For | Mgmt |
An advisory vote to approve the company’s executive compensation | For | For | Mgmt |
Advisory vote to approve the frequency of advisory votes on the company’s executive compensation
| 1 year | 1 year | Mgmt |
Issuer: Oneok, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
An advisory vote to approve the company’s executive compensation | For | For | Mgmt |
Issuer: Pepco Holdings, Inc. (2014 Special Meeting of Shareholders) |
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To adopt the agreement and plan of merger, dated as of April 29, 2014, as amended and restated by the amended and restated agreement and plan of merger dated as of July 18, 2014 (the “Merger Agreement”), among Pepco Holdings, Inc., a Delaware corporation (“PHI”), Exelon Corporation, a Pennsylvania corporation & Purple Acquisition corp., a Delaware corporation and an indirect, wholly-owned subsidiary of Exelon Corporation, whereby Purple Acquisition corp. will be merged with and into PHI, with PHI being the surviving corporation (“The Merger”) | For | For | Mgmt |
To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the named executive officers of PHI in connection with the completion of the merger | For | For | Mgmt |
To approve an adjournment of the special meeting, if necessary or appropriate, to solicit additional proxies if there are not sufficient votes at that time to approve the proposal to adopt the merger agreement
| For | For | Mgmt |
Issuer: Pfizer Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote to approve executive compensation | For | For | Mgmt |
Shareholder proposal regarding report on lobbying activities
| Against | Against | Shldr |
Issuer: Piedmont Natural Gas Company Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote to approve executive compensation
| For | For | Mgmt |
Issuer: Pitney Bowes Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Advisory vote to approve executive compensation
| For | For | Mgmt |
Issuer: PPL Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Amendment of the Company’s articles of incorporation to permit shareowners to call special meetings | For | For | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Shareowner proposal: request for political spending report | Against | Against | Shldr |
Shareowner proposal: Proxy access | Against | Against | Shldr |
Shareowner proposal: Independent Board Chairman | Against | Against | Shldr |
Shareowner proposal: Climate change and greenhouse gas reduction
| Against | Against | Shldr |
Issuer: Public Service Enterprise Group Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Ratify the appointment independent auditors
| For | For | Mgmt |
Issuer: Realty Income Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
To approve the advisory resolution approving executive compensation
| For | For | Mgmt |
Issuer: Redwood Trust, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
To approve the advisory resolution approving executive compensation
| For | For | Mgmt |
Issuer: Regency Energy Partners (2015 Special Meeting of Shareholders) |
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To consider and vote on a proposal to adopt the agreement and plan of merger, dated as of January 25, 2015, as amended by amendment No. 1 thereto, dated as of February 18, 2015, by and among Energy Transfer Partners, LP, Energy Transfer Partners GP, LP, The General Partner of ETP, Rendezvous I LLC, (see proxy for full proposal) | For | For | Mgmt |
To consider and vote on a proposal to approve the adjournment of the Special Meeting, if necessary to solicit additional proxies if there are not sufficient votes to adopt the merger agreement at the time of the special meeting | For | For | Mgmt |
To consider and vote on a proposal to approve, on an advisory (non-binding) basis, the payments that will or may be paid by regency to its named executive officers in connection with the merger
| For | For | Mgmt |
Issuer: Royal Dutch Shell PLC |
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Receipt of annual report and accounts | For | For | Mgmt |
Approval of Directors’ remuneration report | For | For | Mgmt |
Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Remuneration of auditors | For | For | Mgmt |
Authority to allot shares | For | For | Mgmt |
Disapplication of pre-emption rights | For | For | Mgmt |
Authority to purchase own shares | For | For | Mgmt |
Authority for scrip dividend scheme | For | For | Mgmt |
Authority for certain donations and expenditure | For | For | Mgmt |
Shareholder resolution
| For | For | Shldr |
Issuer: Sabra Health Care Reit, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Approval, on an advisory basis, of executive director compensation
| For | For | Mgmt |
Issuer: Scana Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Approval of a long-term equity compensation plan | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approval of Board proposed amendments to article 8 of our articles of incorporation to declassify the Board of Directors and provide for the annual election of all directors
| For | For | Mgmt |
Issuer: Seadrill Limited |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
To approve the remuneration of the company’s Board of Directors of a total amount of fees not to exceed US $1,500,000 for the year ended December 31, 2014
| For | For | Mgmt |
Issuer: Senior Housing Properties Trust |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve named executive officer compensation | For | For | Mgmt |
Ratify the appointment of independent auditors
| For | For | Mgmt |
Issuer: Silver Wheaton Corp. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
The approval, by non-binding vote, of executive compensation
| For | For | Mgmt |
Issuer: Spectra Energy Corp |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
The approval, by non-binding vote, of executive compensation | For | For | Mgmt |
Shareholder proposal concerning disclosure of political contributions | Against | Against | Shldr |
Shareholder proposal concerning disclosure of lobbying activities
| Against | Against | Shldr |
Issuer: STAG Industrial, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
The approval, by non-binding vote, of executive compensation
| For | For | Mgmt |
Issuer: Suburban Propane Partners, L.P. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Approval of an amendment to the 2009 restricted unit plan increasing by an additional 1,200,000 common units the number of common units authorized for awards under the plan | For | For | Mgmt |
To Approve, by non-binding vote, executive compensation
| For | For | Mgmt |
Issuer: Sun Communities, Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
To Approve, by non-binding vote, executive compensation | For | For | Mgmt |
Approval of our 2015 equity incentive plan | For | For | Mgmt |
Approval of an amendment to our articles of incorporation to increase the number of authorized shares of our common stock and preferred stock
| For | For | Mgmt |
Issuer: The Southern Company |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Approval of the outside directors stock plan | For | For | Mgmt |
Approval of an amendment to the by-laws related to the ability of stockholders to act by written consent to amend the by-laws | For | For | Mgmt |
Advisory vote to approve named executive officers’ compensation | For | For | Mgmt |
Ratify the appointment independent auditors | For | For | Mgmt |
Stockholder proposal on proxy access | Against | Against | Shldr |
Stockholder proposal on greenhouse gas emissions reduction goals
| Against | Against | Shldr |
Issuer: Unilever PLC |
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To receive the report and accounts for the year ended 31 December 2014 together with the directors’ report, the auditor’s report and the strategic report | For | For | Mgmt |
To approve the Directors’ remuneration policy | For | For | Mgmt |
Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
To authorize the Directors to fix the remuneration of the auditors | For | For | Mgmt |
Director’s authority to issue shares | For | For | Mgmt |
Dis-application pre-emption rights | For | For | Mgmt |
Company’s authority to purchase its own shares | For | For | Mgmt |
Political donations and expenditure | For | For | Mgmt |
Notice period for general meetings
| For | For | Mgmt |
Issuer: Ventas Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Advisory vote to approve executive compensation
| For | For | Mgmt |
Issuer: Wells Fargo & Company |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve executive compensation | For | For | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Adopt a policy to require an independent chairman | Against | Against | Shldr |
Provide a report on the company’s lobbying policies and practices
| Against | Against | Shldr |
Issuer: Williams Partners L.P. (Consent Solicitation of Shareholders) |
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To approve and adopt the agreement and plan of merger dated as of October 24, 2014 (the “merger agreement”), by and among access midstream partners, LP , Access Midstream Partners GP, LLC, VHMS, LLV (“merger sub”), Williams Partners, and Williams Partners, GP LLC (The “WPZ General Partner”) | None | For | Mgmt |
Issuer: Wisconsin Energy Corporation (Special Meeting of Shareholders) |
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Proposal to approve the issuance of common stock of Wisconsin Energy Corporation as contemplated by the agreement and plan of merger by and among Wisconsin Energy Corporation and Integry’s Energy Group, Inc., dated June 22, 2014, as it may be amended from time to time | For | For | Mgmt |
Proposal to approve an amendment to Wisconsin Energy Corporation’s restated articles of incorporation to change the name of Wisconsin Energy Corporation to WEC Energy Group, Inc. | For | For | Mgmt |
Proposal to adjourn the special meeting, if necessary or appropriate, to permit further solicitation of proxies in the event that there are not sufficient votes at the time of the special meeting to approve the issuance of common stock in proposal 1
| For | For | Mgmt |
Issuer: Wisconsin Energy Corporation |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Advisory vote to approve executive compensation
| For | For | Mgmt |
Issuer: Xcel Energy Inc. |
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Election of Directors | For, all directors | For, all directors | Mgmt |
Advisory vote to approve executive compensation | For | For | Mgmt |
Company proposal to approve the Xcel Energy Inc. 2015 omnibus incentive plan | For | For | Mgmt |
Ratify the appointment of independent auditors | For | For | Mgmt |
Shareholder Proposal on the separation of the roles of the Chairman and Chief Executive Officer
| Against | Against | Shldr |
Pursuant to the requirements of the Investment Company Act of 1940, the registrant duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized
KAVILCO INCORPORATED
By /s/ Louis L Jones, Sr.
____
Louis L. Jones, Sr., President
Date: August 4, 2015