PETROLEUM & RESOURCES CORPORATION - FORM N-PX - JUNE 30, 2010

FORM N-PX

 

 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-02736
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PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------
(Exact name of registrant as specified in charter)

 

 

7 Saint Paul Street, Suite 1140, Baltimore, Maryland 21202
-------------------------------------------------------------------------
(Address of principal executive offices)

 

 

Lawrence L. Hooper, Jr.
Petroleum & Resources Corporation
7 Saint Paul Street, Suite 1140
Baltimore, Maryland 21202
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(Name and address of agent for service)

 

 

Registrant's telephone number, including area code: (410) 752-5900
Date of fiscal year end: December 31
Date of reporting period: July 1, 2009 - June 30, 2010

 

 

Item 1. Proxy Voting Record

Description

Proposal
Type
(Mgmt
or Shldr)

Voted
(Yes or No)

Vote
(For, Agnst, Abstain,
For All - Dirs., Withheld
Elec Of Dirs.)

For/
Agnst
Mgmt

Issuer: AGL Resources

Ticker: AGL

CUSIP: 001204-10-6

Meeting Date: 04/27/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Declassification of Board

MGMT

YES

FOR

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Anadarko Petroleum Corporation

Ticker: APC

CUSIP: 032511-10-7

Meeting Date: 05/18/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Amendment to Non-Discrimination Policy

SHLDR

YES

AGNST

FOR

Reimbursement of Proxy Expenses

SHLDR

YES

AGNST

FOR

Issuer: Apache Corporation

Ticker: APA

CUSIP: 037411-10-5

Meeting Date: 05/06/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Baker Hughes Incorporated (Special Meeting)

Ticker: BHI

CUSIP: 057224-10-7

Meeting Date: 03/19/2010

Merger with BJ Services Company

MGMT

YES

FOR

FOR

Director & Officer Long-Term Incentive Plan

MGMT

YES

AGNST

AGNST

Employee Long-Term Incentive Plan

MGMT

YES

AGNST

AGNST

Adjourn Meeting

MGMT

YES

FOR

FOR

Issuer: Baker Hughes Incorporated

Ticker: BHI

CUSIP: 057224-10-7

Meeting Date: 04/22/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Special Shareholder Meetings

MGMT

YES

FOR

FOR

Majority Vote for Director Elections

SHLDR

YES

AGNST

FOR

Issuer: Chevron Corporation

Ticker: CVX

CUSIP: 166764-10-0

Meeting Date: 05/26/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Reduce Percentage of Shares Required to Call a Special Meeting

MGMT

YES

FOR

FOR

Appointment of Director with Environmental Expertise

SHLDR

YES

AGNST

FOR

Holding Equity-Based Compensation Through Retirement

SHLDR

YES

AGNST

FOR

Disclosure of Payments to Host Governments

SHLDR

YES

AGNST

FOR

Guidelines for Country Selection

SHLDR

YES

AGNST

FOR

Financial Risks from Climate Change

SHLDR

YES

AGNST

FOR

Human Rights Committee

SHLDR

YES

AGNST

FOR

Issuer: Cliffs Natural Resources, Inc.

Ticker: CLF

CUSIP: 1863K-10-1

Meeting Date: 05/11/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Majority Shareholder Voting

MGMT

YES

FOR

FOR

Incentive Plan

MGMT

YES

AGNST

AGNST

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Complete Production Services, Inc.

Ticker: CPX

CUSIP: 20453E-10-9

Meeting Date: 05/21/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: ConocoPhillips

Ticker: COP

CUSIP: 20825C-10-4

Meeting Date: 05/12/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Risk Management Oversight

SHLDR

YES

AGNST

FOR

Greenhouse Gas Reduction

SHLDR

YES

AGNST

FOR

Oil Sands Drilling

SHLDR

YES

AGNST

FOR

Louisiana Wetlands

SHLDR

YES

AGNST

FOR

Financial Risks of Climate Change

SHLDR

YES

AGNST

FOR

Gender Expression Non-Discrimination

SHLDR

YES

AGNST

FOR

Political Contributions

SHLDR

YES

AGNST

FOR

Issuer: Consol Energy Inc.

Ticker: CNX

CUSIP: 20854P-10-9

Meeting Date: 05/04/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Devon Energy Corporation

Ticker: DVN

CUSIP: 25179M-10-3

Meeting Date: 06/09/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Adopt Simple Majority Vote

MGMT

YES

FOR

FOR

Issuer: Energen Corporation

Ticker: EGN

CUSIP: 29265N-10-8

Meeting Date: 04/28/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Directors Stock Plan

MGMT

YES

FOR

FOR

Incentive Compensation Plan

MGMT

YES

FOR

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: EOG Resources, Inc.

Ticker: EOG

CUSIP: 26875P-10-1

Meeting Date: 04/28/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Equity Compensation Plan

MGMT

YES

FOR

FOR

Employee Stock Purchase Plan

MGMT

YES

FOR

FOR

Executive Officer Annual Bonus Plan

MGMT

YES

FOR

FOR

Hydraulic Fracturing

SHLDR

YES

AGNST

FOR

Post-Employment Stock Ownership

SHLDR

YES

AGNST

FOR

Accelerated Vesting of Executive Officer Awards

SHLDR

YES

AGNST

FOR

Issuer: EQT Corporation

Ticker: EQT

CUSIP: 26884L-10-9

Meeting Date: 04/21/2010

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Majority Vote for Directors

SHLDR

YES

AGNST

FOR

Sustainability/Climate Report

SHLDR

YES

AGNST

FOR

Issuer: Exxon Mobil Corporation

Ticker: XOM

CUSIP: 30231G-10-2

Meeting Date: 05/26/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Special Shareholder Meetings

SHLDR

YES

AGNST

FOR

Incorporate in North Dakota

SHLDR

YES

AGNST

FOR

Shareholder Vote on Executive Compensation

SHLDR

YES

AGNST

FOR

Amendment of EEO Policy

SHLDR

YES

AGNST

FOR

Policy on Water

SHLDR

YES

AGNST

FOR

Wetlands Restoration Policy

SHLDR

YES

AGNST

FOR

Report on Canadian Oil Sands

SHLDR

YES

AGNST

FOR

Report on Natural Gas Production

SHLDR

YES

AGNST

FOR

Report on Energy Technology

SHLDR

YES

AGNST

FOR

Greenhouse Gas Emissions Goals

SHLDR

YES

AGNST

FOR

Planning Assumptions

SHLDR

YES

AGNST

FOR

Issuer: Forest Oil Corporation

Ticker: FST

CUSIP: 346091-70-5

Meeting Date: 5/12/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Stock Incentive Plan

MGMT

YES

AGNST

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Freeport-McMoran Copper & Gold, Inc.

Ticker: FCX

CUSIP: 35671D-85-7

Meeting Date: 06/09/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Adoption of Stock Incentive Plan

MGMT

YES

FOR

FOR

Director with Environmental Expertise

SHLDR

YES

AGNST

FOR

Requirement for Sr. Execs to Keep Equity Compensation Shares 2 Yrs After Termination

SHLDR

YES

AGNST

FOR

Issuer: Halliburton

Ticker: HAL

CUSIP: 406216-10-1

Meeting Date: 05/19/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Human Rights Policy

SHLDR

YES

AGNST

FOR

Political Contributions

SHLDR

YES

AGNST

FOR

Executive Compensation Policies

SHLDR

YES

AGNST

FOR

Special Shareowner Meetings

SHLDR

YES

AGNST

FOR

Issuer: Hess Corporation

Ticker: HES

CUSIP: 023551-10-4

Meeting Date: 05/05/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Long-Term Incentive Plan

MGMT

YES

FOR

FOR

Political Spending

SHLDR

YES

AGNST

FOR

International Coal Group, Inc.

Ticker: ICO

CUSIP: 45928H-10-6

Meeting Date: 05/19/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Global Warming

SHLDR

YES

AGNST

FOR

Other Business

MGMT

YES

FOR

FOR

Issuer: Massey Energy Company

Ticker: MEE

CUSIP: 576206-10-6

Meeting Date: 05/18/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Water Management Report

SHLDR

YES

AGNST

FOR

Greenhouse Gas Emissions

SHLDR

YES

AGNST

FOR

Majority Voting

SHLDR

YES

AGNST

FOR

Declassification of Board of Directors

SHLDR

YES

AGNST

FOR

Issuer: MDU Resources Group, Inc.

Ticker: MDU

CUSIP: 552690-10-9

Meeting Date: 04/27/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Business Combinations

MGMT

YES

FOR

FOR

Supermajority Voting

MGMT

YES

FOR

FOR

Cause for Removal of Director

MGMT

YES

FOR

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Coal Combustion Waste

SHLDR

YES

AGNST

FOR

Issuer: Nabors Industries Ltd.

Ticker: NBR

CUSIP: G6359F-10-3

Meeting Date: 06/01/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Performance Based Executive Compensation

SHLDR

YES

AGNST

FOR

Advisory Resolution to Ratify Executive Compensation

SHLDR

YES

AGNST

FOR

Independent Chairman

SHLDR

YES

AGNST

FOR

Annual Election of Directors

SHLDR

YES

FOR

AGNST

Issuer: National Fuel Gas Company

Ticker: NFG

CUSIP: 636180-10-1

Meeting Date: 03/11/2010

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Equity Compensation Plan

MGMT

YES

FOR

FOR

Issuer: National Oilwell Varco, Inc.

Ticker: NOV

CUSIP: 637071-10-1

Meeting Date: 05/12/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: New Jersey Resources Corporation

Ticker: NJR

CUSIP: 646025-10-6

Meeting Date: 01/27/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Newfield Exploration Company

Ticker: NFX

CUSIP: 651290-10-8

Meeting Date: 05/07/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Employee Stock Purchase Plan

MGMT

YES

FOR

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Noble Corporation (Special Meeting)

Ticker: NE

CUSIP: G65422-10-0

Meeting Date: 09/04/2009

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Stock Option Plan

MGMT

YES

AGNST

FOR

Issuer: Noble Corporation

Ticker: NE

CUSIP: G65422-10-0

Meeting Date: 04/30/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Board Authority to Issue Authorized Share

MGMT

YES

FOR

FOR

Regular Dividend Payment

MGMT

YES

FOR

FOR

Special Dividend Payment

MGMT

YES

FOR

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approve 2009 Annual Report

MGMT

YES

FOR

FOR

Discharge Board and Executive Officers

MGMT

YES

FOR

FOR

MGMT

YES

FOR

FOR

Issuer: Noble Energy, Inc.

Ticker: NBL

CUSIP: 655044-10-5

Meeting Date: 04/27/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Northeast Utilities

Ticker: NU

CUSIP: 664397-10-6

Meeting Date: 05/11/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Occidental Petroleum Corporation

Ticker: OXY

CUSIP: 674599-10-5

Meeting Date: 05/07/2010

MGMT

YES

FOR ALL- DIRS

FOR

Election of Directors

MGMT

YES

FOR

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Reapprove Performance Goals

MGMT

YES

FOR

FOR

Advisory Vote on Executive Compensation

MGMT

YES

FOR

FOR

Elimination of Compensation over $500,000

SHLDR

YES

AGNST

FOR

Separate Chairman and CEO Roles

SHLDR

YES

AGNST

FOR

Special Stockholder Meetings

SHLDR

YES

AGNST

FOR

Assessment of Host Country Laws

SHLDR

YES

AGNST

FOR

Director Election Majority Vote

SHLDR

YES

AGNST

FOR

Increasing Inherent Security of Chemical Facilities

SHLDR

YES

AGNST

FOR

Accelerated Vesting in Event of Change in Control

SHLDR

YES

AGNST

FOR

Issuer: Pioneer Natural Resources Company

Ticker: PXD

CUSIP: 723787-10-7

Meeting Date: 05/14/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Majority Voting for Directors

SHLDR

YES

AGNST

AGNST

Issuer: Potash Corporation of Saskatchewan Inc.

Ticker: POT

CUSIP: 737552-10-7

Meeting Date: 05/06/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Performance Option Plan

MGMT

YES

FOR

FOR

Executive Compensation

MGMT

YES

FOR

FOR

Issuer: Praxair Inc.

Ticker: PX

CUSIP: 74005P-10-4

Meeting Date: 04/27/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Questar Corporation

Ticker: STR

CUSIP: 748356-10-2

Meeting Date: 05/18/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Provide for Majority Voting in Uncontested Director Elections

MGMT

YES

FOR

FOR

Long-Term Stock Incentive Plan

MGMT

YES

AGNST

AGNST

Performance Metrics and Amendments to Annual Management Incentive Plan

MGMT

YES

FOR

FOR

Advisory Vote on Executive Compensation

SHLDR

YES

AGNST

FOR

Issuer: Royal Dutch Shell plc

Ticker: RD

CUSIP: 780257-80-4

Meeting Date: 05/10/2010

Adoption of Annual Report and Accounts

MGMT

YES

FOR

FOR

Approval of Remuneration Report

MGMT

YES

FOR

FOR

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Remuneration of Auditors

MGMT

YES

FOR

FOR

Authority to Allot Shares

MGMT

YES

FOR

FOR

Disapplication of Pre-emption Rights

MGMT

YES

FOR

FOR

Repurchase Shares

MGMT

YES

FOR

FOR

Authority for Scrip Dividend Scheme

MGMT

YES

FOR

FOR

Authority for Donations and Expenditures

MGMT

YES

FOR

FOR

Adoption of new Articles of Association

MGMT

YES

FOR

FOR

Shareholder Resolution

SHLDR

YES

AGNST

FOR

Issuer: Southwest Gas Corporation

Ticker: SWX

CUSIP: 844895-10-2

Meeting Date: 05/06/2010

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Southwestern Energy Company

Ticker: SWN

CUSIP: 845467-10-9

Meeting Date: 05/18/2010

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Increase Authorized Shares

MGMT

YES

FOR

FOR

Director Election majority Vote Standard

SHLDR

YES

AGNST

FOR

Political Contributions and Expenditures Report

SHLDR

YES

AGNST

FOR

FOR

Issuer: Spectra Energy Corporation

Ticker: SE

CUSIP: 847560-10-9

Meeting Date: 04/27/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Majority Vote for Director Election

SHLDR

YES

AGNST

FOR

Issuer: Total S.A.

Ticker: TOT

CUSIP: 89151E-10-9

Meeting Date: 05/21/2010

Approval of Financial Statements and Dividend

MGMT

YES

FOR

FOR

Agreements Covered by Article L.225-38 of French Commercial Code

MGMT

YES

FOR

FOR

Commitments Under Article L.225-42-1 of French Commercial Code

MGMT

YES

FOR

FOR

Authorization for Board of Directors to Trade in Shares of the Company

MGMT

YES

FOR

FOR

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Auditors and Alternate Auditor

MGMT

YES

FOR

FOR

Share Capital Increases

MGMT

YES

FOR

FOR

Allocation of Stock Options

MGMT

YES

FOR

FOR

Report on Internal Charters with Assets More than 0.5% of Capital of Company

SHLDR

YES

AGNST

FOR

Issuer: Transocean, Inc.

Ticker: RIG

CUSIP: G90073-10-0

Meeting Date: 05/14/2010

Approval of Annual Report & Financial Statements

MGMT

YES

FOR

FOR

Discharge Members of the Board and Executive Officers

MGMT

YES

FOR

FOR

Appropriation of Earnings without payment of dividend; release of legal reserves

MGMT

YES

FOR

FOR

Change Place of Incorporation in Switzerland

MGMT

YES

FOR

FOR

Par Value Reduction Distribution

MGMT

YES

FOR

FOR

Amendments to Articles of Association to Reflect Swiss Federal Act on Intermediated Securities

MGMT

YES

FOR

FOR

Election of Directors

MGMT

YES

FOR

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Weatherford International LTD.

Ticker: WFT

CUSIP: G95089-10-1

Meeting Date: 6/23/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Reclassification of Legal Reserves

MGMT

YES

FOR

FOR

Increase Authorized Shares

MGMT

YES

FOR

FOR

Conditional Share Capital

MGMT

YES

FOR

FOR

Omnibus Incentive Plan

MGMT

YES

FOR

FOR

Issuer: WGL Holdings

Ticker: WGL

CUSIP: 92924F-10-6

Meeting Date: 03/04/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Directors' Stock Compensation Plan

MGMT

YES

FOR

FOR

Cumulative Voting in Director Elections

SHLDR

YES

AGNST

FOR

Issuer: The Williams Companies, Inc.

Ticker: WMB

CUSIP: 969457-10-0

Meeting Date: 05/20/2010

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Annual Election of All Directors

MGMT

YES

FOR

FOR

Incentive Plan

MGMT

YES

AGNST

FOR

Ratification of Appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Environmental Impact Report

SHLDR

YES

AGNST

FOR

Advisory Vote on Compensation

SHLDR

YES

AGNST

FOR

Issuer: XTO Energy Inc.

Ticker: XTO

CUSIP: 98385X-10-6

Meeting Date: 06/25/2010

Merger with Exxon Mobil

MGMT

YES

FOR

FOR

 

 

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.

 

PETROLEUM & RESOURCES CORPORATION
-------------------------------------------------------------------------

(Registrant)

 

BY:

/s/ Douglas G. Ober

 

---------------------------------------------------

 

Douglas G. Ober

 

Chief Executive Officer and President

 

(Principal Executive Officer)

   

DATE:

July 21, 2010