FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-00248
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THE ADAMS EXPRESS COMPANY
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(Exact name of registrant as specified in charter)
7 Saint Paul Street, Suite 1140, Baltimore, Maryland 21202
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(Address of principal executive offices)
Lawrence L. Hooper, Jr.
The Adams Express Company
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, 2004
Date of reporting period: July 1, 2003 - June 30, 2004
Item 1. Proxy Voting Record
Description Proposal Voted Vote For/
Type Agnst
Mgmt
Issuer: Abbott Laboratories
Ticker: ABT
CUSIP: 002824-10-0
Meeting Date: 4/23/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of auditors for MGMT YES FOR FOR
2004
Shareholder Proposal concerning SHLDR YES AGNST FOR
prescription drugs
Shareholder Proposal concerning SHLDR YES AGNST FOR
political contributions
Shareholder Proposal concerning stock SHLDR YES AGNST FOR
options to Sr. Executives
Shareholder Proposal concerning SHLDR YES AGNST FOR
global infectious diseases
Issuer: Affymetrix, Inc.
Ticker: AFFX
CUSIP: 00826T-10-8
Meeting Date: 6/10/2004
Election of Directors MGMT YES FOR ALL FOR
Proposal concerning the approval of MGMT YES AGNST AGNST
Amended & Restated 2000 Equity
Incentive Plan
Proposal concerning ratification of MGMT YES FOR FOR
the appointment of independent
auditors
Issuer: Air Products and Chemicals,
Inc.
Ticker: APD
CUSIP: 009158-10-6
Meeting Date: 1/22/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appointment of MGMT YES FOR FOR
independent Auditors
Issuer: Albemarle Corporation
Ticker: ALB
CUSIP: 012653-10-1
Meeting Date: 3/31/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of auditors for MGMT YES FOR FOR
fiscal year ending 12/31/2004
Issuer: Alltel Corp.
Ticker: AT
CUSIP: 020039-10-3
Meeting Date: 4/22/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appointment of MGMT YES FOR FOR
independent Auditors
Stockholder proposal related to SHLDR YES AGNST FOR
sexual orientation non-discrimination
policy
Issuer: AMBAC Financial Group, Inc.
Ticker: ABK
CUSIP: 023139-10-8
Meeting Date: 5/4/2004
Election of Directors MGMT YES FOR ALL FOR
Amend Certificate of Inc. to increase MGMT YES FOR FOR
number of authorized shares of Common
Stock
Approve amends. to the Ambac 1997 Non-MGMT YES FOR FOR
Employee Directors Equity Plan
Ratification of independent auditors MGMT YES FOR FOR
for 2004
Issuer: American International Group
Ticker: AIG
CUSIP: 026874-10-7
Meeting Date: 5/19/2004
Election of Directors MGMT YES FOR ALL FOR
Adopt CEO Annual Comp. Plan MGMT YES FOR FOR
Adopt Director Stock Plan MGMT YES FOR FOR
Ratification of selection of MGMT YES FOR FOR
independent Accountants for 2004
Shareholder proposal relating to SHLDR YES AGNST FOR
political contributions
Shareholder proposal relating to SHLDR YES AGNST FOR
Executive Officer Compensation
Shareholder proposal relating to SHLDR YES AGNST FOR
investments in tobacco equities
Issuer: Aqua America, Inc.
Ticker: WTR
CUSIP: 03836W-10-3
Meeting Date: 5/20/2004
Election of Directors MGMT YES FOR ALL FOR
Consider & act upon amendment to MGMT YES FOR FOR
Articles of Inc. increasing
authorized shares
Approve 2004 Equity Compensation Plan MGMT YES FOR FOR
Issuer: BankNorth Group, Inc.
Ticker: BNK
CUSIP: 06646R-10-7
Meeting Date: 4/27/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
Auditor
Issuer: Bank of America Corp. - Special Meeting re: Merger Proposal with
FleetBoston Financial Corporation
Ticker: BAC
CUSIP: 060505-10-4
Meeting Date: 3/17/2004
Proposal to adopt merger agreement MGMT YES FOR FOR
Proposal to adopt amended & restated MGMT YES AGNST AGNST
BOA 2003 Key Associate Stock Plan
Proposal to increase number of MGMT YES FOR FOR
authorized shares
Issuer: Bank of America Corp. -
Annual Meeting
Ticker: BAC
CUSIP: 060505-10-4
Meeting Date: 5/26/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
independent Accountants for 2004
Stockholder proposal re: annual mtg. SHLDR YES AGNST FOR
date
Stockholder proposal re: nomination SHLDR YES AGNST FOR
of directors
Stockholder proposal re: charitable SHLDR YES AGNST FOR
contributions
Stockholder proposal re: mutual fund SHLDR YES AGNST FOR
trading policies
Stockholder proposal re: privacy & SHLDR YES AGNST FOR
info. security
Issuer: BEA Systems, Inc.
Ticker: BEAS
CUSIP: 073325-10-2
Meeting Date: 6/11/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification & Approval of Appt. of MGMT YES FOR FOR
Independent Auditors
Issuer: BellSouth Corp.
Ticker: BLS
CUSIP: 079860-10-2
Meeting Date: 4/26/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
Auditors for 2004
Proposal to amend the Companys bylaws MGMT YES FOR FOR
to provide for annual election of
directors
Proposal regarding Stock & Incentive MGMT YES AGNST AGNST
Compensation Plan
Shareholder Proposal regarding SHLDR YES AGNST FOR
Executive Compensation
Shareholder Proposal regarding CEO SHLDR YES AGNST FOR
Compensation
Shareholder Proposal regarding SHLDR YES AGNST FOR
disclosure of political contributions
Issuer: BJ's Wholesale Club, Inc.
Ticker: BJ
CUSIP: 05548J-10-6
Meeting Date: 5/20/2004
Election of Directors MGMT YES FOR ALL FOR
Approval of amd of Company's 1997 MGMT YES AGNST AGNST
Stock Incentive Plan
Ratification of appt. of independent MGMT YES FOR FOR
Auditors for fiscal year ending
1/29/2005
Issuer: Black & Decker Corp.
Ticker: BDK
CUSIP: 091797-10-0
Meeting Date: 4/27/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
independent auditors
Approve the B&D 2004 Restricted Stock MGMT YES AGNST AGNST
Plan
Shareholder Proposal regarding SHLDR YES AGNST FOR
current compensation system for Sr.
Executives
Issuer: Black Hills Corp.
Ticker: BKH
CUSIP: 092113-10-9
Meeting Date: 5/26/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors
Issuer: BP plc ADR
Ticker: BP
CUSIP: 055622-10-4
Meeting Date: 4/15/2004
Election of Directors MGMT YES FOR ALL FOR
Reappointment of Auditors MGMT YES FOR FOR
Proposal regarding Amendments of the MGMT YES FOR FOR
Articles of Assn. including
retirement of directors
Proposals regarding Directors' MGMT YES FOR FOR
authority to allot shares
Proposal regarding Share buyback MGMT YES FOR FOR
Proposal regarding use of treasury MGMT YES FOR FOR
shares for employee share schemes
Proposal regarding the Directors' & MGMT YES FOR FOR
Non-Directors' Remuneration and
Reports
Shareholder proposal regarding SHLDR YES AGNST FOR
operations in protected areas, e.g.,
national parks and wildlife refuges
Issuer: Brinker International Inc.
Ticker: EAT
CUSIP: 109641-10-0
Meeting Date: 11/13/2003
Election of Directors MGMT YES FOR ALL FOR
Ratification of independent Auditors MGMT YES FOR FOR
Shareholder Proposal regarding Co's. SHLDR YES AGNST FOR
policy for food products containing
genetically engineered ingredients
Issuer: Bristol-Myers Squibb Co.
Ticker: BMY
CUSIP: 110122-10-8
Meeting Date: 5/14/2004
Election of Directors MGMT YES FOR ALL FOR
Appointment of Independent Auditors MGMT YES FOR FOR
Stockholder Proposal Relating to SHLDR YES AGNST FOR
Publication of Political
Contributions
Stockholder Proposal Relating to SHLDR YES AGNST FOR
Prohibition of Political
Contributions
Stockholder Proposal Relating to SHLDR YES AGNST FOR
Separation of Chairman & CEO
Positions
Stockholder Proposal Relating to SHLDR YES AGNST FOR
HIV/AIDS-TB-Malaria
Issuer: CINergy Corp.
Ticker: CIN
CUSIP: 172474-10-8
Meeting Date: 5/4/2004
Stockholder Proposal Relating to SHLDR YES AGNST FOR
Director Vote Threshold
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
independent auditors
Issuer: Cisco Systems Inc.
Ticker: CSCO
CUSIP: 17275R-10-2
Meeting Date: 11/11/2003
Election of Directors MGMT YES FOR ALL FOR
Approve amd & restatement of Employee MGMT YES FOR FOR
Stock Purchase Plan, including
increase of shares
Ratification of appt. of Independent MGMT YES FOR FOR
Auditors for fiscal year ending July
31, 2004
Shareholder Proposal regarding prep. SHLDR YES AGNST FOR
of a report to stockholders on
certain Cisco hardware & software
products
Shareholder Proposal regarding SHLDR YES AGNST FOR
executive compensation
Issuer: Coca-Cola Co.
Ticker: KO
CUSIP: 191216-10-0
Meeting Date: 4/21/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors for fiscal year 2004
Stockholder Proposal Regarding SHLDR YES AGNST AGNST
economic impact study of Global
HIV/AIDS Pandemic
Stockholder Proposal Regarding Stock SHLDR YES AGNST FOR
Option Glass Ceiling Report
Stockholder Proposal Regarding SHLDR YES AGNST FOR
Compensation
Stockholder Proposal Regarding SHLDR YES AGNST FOR
Restricted Stock
Stockholder Proposal Regarding Sr. SHLDR YES AGNST FOR
Executive Participation in Co's.
Compensation & Deferral Investment
Program
Stockholder Proposal on The China SHLDR YES AGNST FOR
Business Principles
Stockholder Proposal Regarding SHLDR YES AGNST FOR
Separation Positions of CEO &
Chairman
Issuer: Compass Bancshares Inc.
Ticker: CBSS
CUSIP: 20449H-10-9
Meeting Date: 4/19/2004
Election of Directors MGMT YES FOR ALL FOR
Act on proposal to approve a monthly MGMT YES FOR FOR
investment plan for Compass Employees
Ratification of selection of MGMT YES FOR FOR
independent auditor for 2004
Issuer: ConocoPhillips
Ticker: COP
CUSIP: 20825C-10-4
Meeting Date: 5/5/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors for 2004
Approve 2004 Omnibus Stock & MGMT YES AGNST AGNST
Performance Incentive Plan
Shareholder Proposal regarding SHLDR YES AGNST FOR
Limitation on Executive Compensation
Shareholder Proposal regarding SHLDR YES AGNST FOR
Commonsense Executive Compensation
Proposal
Shareholder Proposal regarding SHLDR YES AGNST FOR
Drilling in the Arctic National
Wildlife Refuge
Issuer: Corning
Ticker: GLW
CUSIP: 219350-10-5
Meeting Date: 4/29/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors for fiscal year ending
12/31/2004
Shareholder Proposal regarding future SHLDR YES AGNST FOR
severance agreements
Issuer: Dean Foods Co.
Ticker: DF
CUSIP: 242370-10-4
Meeting Date: 5/18/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
independent auditor for 2004
Issuer: DiamondCluster International
Inc.
Ticker: DTPI
CUSIP: 25278P-10-6
Meeting Date: 9/23/2003
Election of Directors MGMT YES FOR ALL FOR
Approve plan of recapitalization to MGMT YES FOR FOR
convert all Class A & Class B Common
Stock into a new class of capital
stock called Common Stock and adopt
related amends to our Restated
Certificate of Inc.
Approve amds to the Emp. Stock MGMT YES FOR FOR
Purchase Plan
Ratify the recom. of the Audit MGMT YES FOR FOR
Committee to appoint independent
auditors for fiscal yr. 2004
Issuer: R.R. Donnelley & Sons Co.
Ticker: RRD
CUSIP: 257867-10-1
Meeting Date: 4/14/2004
Election of Directors MGMT YES FOR ALL FOR
Stockholder Proposal requesting the SHLDR YES AGNST FOR
arrangement of the sale of company to
the highest bidder
Stockholder Proposal requesting that SHLDR YES AGNST FOR
the BOD establish a policy of
expensing the cost of future stock
options
Issuer: R.R. Donnelley & Sons Co. -
Special Meeting
Ticker: RRD
CUSIP: 257867-10-1
Meeting Date: 2/23/2004
Proposal to approve issuance of MGMT YES FOR FOR
shares of R.R. Donnelley common stock
as contemplated by the Combination
Agreement between R.R. Donnelley &
Moore Wallace Inc.
Consider adoption of new performance MGMT YES FOR FOR
incentive plan
Issuer: Duke Energy Corp.
Ticker: DUK
CUSIP: 264399-10-6
Meeting Date: 5/13/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of independent auditors MGMT YES FOR FOR
for 2004
Shareholder proposal to eliminate SHLDR YES FOR AGNST
staggered election of directors
Issuer: Enzon Pharmaceuticals, Inc.
Ticker: ENZN
CUSIP: 293904-10-8
Meeting Date: 12/2/2003
Election of Directors MGMT YES FOR ALL FOR
Approve Amends. To Co's. 2001 MGMT YES AGNST AGNST
Incentive Stock Plan
Ratification of selection of MGMT YES FOR FOR
independent accountants for fiscal
year ending June 30, 2004
Issuer: Exxon Mobil Corp.
Ticker: XOM
CUSIP: 30231G-10-2
Meeting Date: 5/26/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of independent auditors MGMT YES FOR FOR
Approve 2004 Non-Employee Director MGMT YES FOR FOR
Restricted Stock Plan
Shareholder Proposal regarding SHLDR YES AGNST FOR
Political Contributions
Shareholder Proposal regarding SHLDR YES AGNST FOR
Political Contributions Report
Shareholder Proposal regarding media SHLDR YES AGNST FOR
response on Equatorial Guinea
Shareholder Proposal regarding Board SHLDR YES AGNST FOR
Chairman & CEO
Shareholder Proposal regarding SHLDR YES AGNST FOR
Executive Compensation
Shareholder Proposal regarding Equity SHLDR YES AGNST FOR
Compensation Report
Shareholder Proposal regarding SHLDR YES AGNST FOR
Amendment of EEO Policy
Shareholder Proposal regarding SHLDR YES AGNST FOR
Climate Science Report
Issuer: Fifth Third Bancorp
Ticker: FITB
CUSIP: 316773-10-0
Meeting Date: 3/23/2004
Election of Directors MGMT YES FOR ALL FOR
Proposal to adopt Incentive Comp. MGMT YES FOR FOR
Plan.
Ratification of selection of MGMT YES FOR FOR
independent auditor for 2004
Shareholder Proposal regarding SHLDR YES AGNST FOR
request to amend EEO Policy to
prohibit discrimination
Issuer: Gannett Co., Inc.
Ticker: GCI
CUSIP: 364730-10-1
Meeting Date: 5/4/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors for 2004 fiscal year.
Consider and act upon proposal to MGMT YES AGNST AGNST
amd. Co.'s Incentive Compensation
Plan & increase number of shares
issued under Plan
Shareholder Proposal requesting SHLDR YES FOR FOR
replacement of the current
compensation system for Sr.
Executives
Issuer: General Electric Co.
Ticker: GE
CUSIP: 369604-10-3
Meeting Date: 4/28/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of Selection of MGMT YES FOR FOR
Independent Auditor
Proposal to add a Revenue Measurement MGMT YES FOR FOR
to Exec. Offcr. Performance Goals for
Long-Term Performance Awards
Shareholder Proposal Regarding SHLDR YES AGNST FOR
Cumulative Voting
Shareholder Proposal Regarding Animal SHLDR YES AGNST FOR
Testing
Shareholder Proposal Regarding SHLDR YES AGNST FOR
Nuclear Risk
Shareholder Proposal Regarding Report SHLDR YES AGNST FOR
on PCB Cleanup Costs
Shareholder Proposal Regarding SHLDR YES AGNST FOR
Offshore Sourcing
Shareholder Proposal Regarding SHLDR YES AGNST FOR
Sustainability Index
Shareholder Proposal Regarding SHLDR YES AGNST FOR
Compensation Committee Independence
Shareholder Proposal regarding Pay SHLDR YES AGNST FOR
Disparity
Shareholder Proposal regarding End SHLDR YES AGNST FOR
Stock Options & Bonuses
Shareholder Proposal regarding SHLDR YES AGNST FOR
Limiting Outside Directorships
Shareholder Proposal regarding SHLDR YES AGNST FOR
Independent Board Chairman
Shareholder Proposal regarding SHLDR YES AGNST FOR
Exploration of Sale of Company
Shareholder Proposal regarding SHLDR YES AGNST FOR
Holding Stock from Stock Options
Shareholder Proposal regarding Board SHLDR YES AGNST FOR
Independence
Shareholder Proposal regarding SHLDR YES AGNST FOR
Political Contributions
Issuer: Genentech, Inc.
Ticker: DNA
CUSIP: 368710-40-6
Meeting Date: 4/16/2004
Approve amendment to by-laws with MGMT YES FOR FOR
respect to number of auth. Directors.
Election of Directors MGMT YES FOR ALL FOR
Approve amd. To Co's. Amended & MGMT YES FOR FOR
Restated Certificate of Inc. to
increase auth. Shares of Common Stock
Approve 2004 Equity Incentive Plan MGMT YES AGNST AGNST
Ratify appt. of independent auditors MGMT YES FOR FOR
for 2004
Issuer: HCA Inc.
Ticker: HCA
CUSIP: 404119-10-9
Meeting Date: 5/27/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors
Consider & approve Amended & Restated MGMT YES FOR FOR
Mgmt. Stock Purchase Plan
Issuer: Hershey Foods Corp.
Ticker: HSY
CUSIP: 427866-10-8
Meeting Date: 4/28/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors for 2004
Issuer: Illinois Tool Works Inc.
Ticker: ITW
CUSIP: 452308-10-9
Meeting Date: 5/7/2004
Election of Directors MGMT YES FOR (1 FOR
Vote
WITHHELD
for
election
of
deceased
director)
Ratification of appt. of independent MGMT YES FOR FOR
accounts
Issuer: Ingersoll-Rand Co. Ltd.
Ticker: IR
CUSIP: G4776G-10-1
Meeting Date: 6/2/2004
Election of Directors MGMT YES FOR ALL FOR
Adoption of Amended & Restated MGMT YES AGNST AGNST
Incentive Stock Plan of 1998
Adoption of Amended & Restated By- MGMT YES FOR FOR
laws
Approval of appt. of independent MGMT YES FOR FOR
auditors for 2004
Shareholder Proposal to eliminate SHLDR YES FOR AGNST
staggered board
Shareholder Proposal to change Co's. SHLDR YES AGNST FOR
jurisdiction of Inc. from Bermuda to
U.S.
Shareholder Proposal to require SHLDR YES AGNST FOR
separation of the positions - CEO &
Chairman
Issuer: Intel Corp.
Ticker: INTC
CUSIP: 458140-10-0
Meeting Date: 5/19/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors
Approve 2004 Equity Incentive Plan MGMT YES FOR FOR
Shareholder Proposal requesting SHLDR YES AGNST FOR
expensing of stock options
Shareholder Proposal requesting use SHLDR YES AGNST FOR
of performance-vesting stock
Shareholder Proposal requesting use SHLDR YES AGNST FOR
of performance-based stock options
Issuer: Investors Financial Services
Corp.
Ticker: IFIN
CUSIP: 461915-10-0
Meeting Date: 4/13/2004
Election of Directors MGMT YES FOR ALL FOR
Approve amd. to company Certificate MGMT YES FOR FOR
of Inc. to inc. no. of auth. Shares
of co. common stock
Approve amd. To Co.'s 1997 Employee MGMT YES FOR FOR
Stock Purchase Plan to include number
of shares avail. for issuance
Ratification of selection of MGMT YES FOR FOR
independent auditors for fiscal year
ending 12/31/2004
Issuer: Johnson & Johnson
Ticker: JNJ
CUSIP: 478160-10-4
Meeting Date: 4/22/2004
Election of Directors SHLDR YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors
Shareholder Proposal on charitable SHLDR YES AGNST FOR
contributions
Issuer: Keyspan Corp.
Ticker: KSE
CUSIP: 49337W-10-0
Meeting Date: 5/20/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of independent public MGMT YES FOR FOR
accountants for 2004
Shareholder Proposal to redeem poison SHLDR YES FOR AGNST
pill plan
Issuer: Laboratory Corp. of America
Holdings
Ticker: LH
CUSIP: 50540R-40-9
Meeting Date: 5/12/2004
Election of Board of Directors MGMT YES FOR ALL FOR
Approval of Amds. To Stock Purchase MGMT YES FOR FOR
Plan
Ratification of appt. of independent MGMT YES FOR FOR
accountants for the year ending
12/31/2004.
Issuer: Lucent Technologies Inc.
Ticker: LU
CUSIP: 549463-10-7
Meeting Date: 2/18/2004
Election of Board of Directors MGMT YES FOR ALL FOR
Approve amd. to the Restated Cert. of MGMT YES FOR FOR
Inc. to declassify the BOD & to allow
for removal of directors w/o cause
Approve 2004 Equity Compensation Plan MGMT YES FOR FOR
for Non-Employee Directors
Amd. the Restated Cert. of Inc. auth. MGMT YES FOR FOR
the BOD to effect a reverse stock
split at one to four ratio.
Shareowner Proposal to require SHLDR YES AGNST FOR
shareowner approval of future golden
parachutes
Shareowner Proposal regarding Exec. SHLDR YES AGNST FOR
Compensation Programs
Issuer: Mattel, Inc.
Ticker: MAT
CUSIP: 577081-10-2
Meeting Date: 5/13/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
Independent Auditors
Stockholder Proposal Regarding Mgmt. SHLDR YES AGNST FOR
Compensation
Stockholder Proposal Regarding SHLDR YES AGNST FOR
Services Performed by Independent
Auditors
Issuer: MDU Resources Group, Inc.
Ticker: MDU
CUSIP: 552690-10-9
Meeting Date: 4/27/2004
Election of Directors MGMT YES FOR ALL FOR
Approval of Amds. To Non-Employee MGMT YES AGNST AGNST
Director Stock Compensation Plan
Issuer: Medimmune, Inc.
Ticker: MEDI
CUSIP: 584699-10-2
Meeting Date: 5/20/2004
Election of Directors MGMT YES FOR ALL FOR
Approval of 2004 Stock Incentive Plan MGMT YES AGNST AGNST
Ratification of appt. of Independent MGMT YES FOR FOR
Auditors.
Issuer: Microsoft Corp.
Ticker: MSFT
CUSIP: 594918-10-4
Meeting Date: 11/11/2003
Election of Directors MGMT YES FOR ALL FOR
Consider & vote on proposed amds. To MGMT YES FOR FOR
2001 Stock Plan
Proposal providing stock options for MGMT YES AGNST AGNST
Non-Employee Directors
Shareholder Proposal limiting SHLDR YES AGNST FOR
charitable contributions
Issuer: 3M Co.
Ticker: MMM
CUSIP: 88579Y-10-1
Meeting Date: 5/11/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
Independent Auditors
Proposal to Approve Amd. to the MGMT YES FOR FOR
Certificate of Inc. to increase the
Authorized Common Stock
Stockholder Proposal to split SHLDR YES AGNST FOR
CEO/Chairman roles
Issuer: Newell Rubbermaid Inc.
Ticker: NWL
CUSIP: 651229-10-6
Meeting Date: 5/12/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
Independent Accountants
Issuer: Nokia Corp. ADR
Ticker: NOK
CUSIP: 654902-20-4
Meeting Date: 3/25/2004
Matters specified in Article 12 of MGMT YES FOR FOR
the Articles of Association
Proposal by the BOD to reduce share MGMT YES FOR FOR
capital
Proposal by the BOD to auth. the BOD MGMT YES FOR FOR
to increase the share capital
Proposal by the BOD to auth. the BOD MGMT YES FOR FOR
to repurchase Nokia shares
Proposal by the BOD to auth. the BOD MGMT YES FOR FOR
to dispose Nokia shares held by Co.
Proposal by the BOD to inc. the MGMT YES FOR FOR
capital of The Foundation of Nokia
Corp. by EUR 5 000 000 to be used for
the purpose of the Foundation to
support the telecom tech. and to
promote education in the sector.
Dividend MGMT YES FOR FOR
Composition of the BOD MGMT YES FOR FOR
Election of the Auditor MGMT YES FOR FOR
Issuer: NorthWestern Corp.
Ticker: NTHWQ
CUSIP: 668074-10-7
Meeting Date: 8/26/2003
Approve amds. and a restatement of MGMT YES FOR FOR
Co's. Restated Certificate of
Incorporation including increase in
outstanding shares
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
Independent Auditors for year ending
12/31/2004
Issuer: Oracle Corp.
Ticker: ORCL
CUSIP: 68389X-10-5
Meeting Date: 10/13/2003
Election of Directors MGMT YES FOR ALL FOR
Approve adoption of Fiscal Year 2004 MGMT YES FOR FOR
Executive Bonus Plan
Ratification of appt. of independent MGMT YES FOR FOR
auditors for Fiscal Year 2004
Proposal providing stock options for SHLDR YES AGNST AGNST
Non-Employee Directors
Consider the adoption of the China SHLDR YES AGNST FOR
Business Principles for Rights of
Workers in China
Issuer: PepsiCo, Inc.
Ticker: PEP
CUSIP: 713448-10-8
Meeting Date: 5/5/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors
Approve 2004 Executive Incentive MGMT YES FOR FOR
Comp. Plan
Shareholder proposal requesting co. SHLDR YES AGNST FOR
to publish its political
contributions in major newspapers
Shareholder proposal requesting SHLDR YES AGNST FOR
company to review economic impacts of
HIV/AIDS, TB & Malaria on its
business & prepare a report
Issuer: Petroleum & Resources Corp.
Ticker: PEO
CUSIP: 716549-10-0
Meeting Date: 3/30/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of independent auditors MGMT YES FOR FOR
for the year ending 12/31/2004
Issuer: Pfizer Inc.
Ticker: PFE
CUSIP: 717081-10-3
Meeting Date: 4/22/2004
Election of Directors MGMT YES FOR ALL FOR
Approve Appt. of independent auditor MGMT YES FOR FOR
for 2004 fiscal year
Approve 2004 Stock Plan MGMT YES AGNST AGNST
Shareholder Proposal Requesting SHLDR YES AGNST FOR
Review of Economic Effects of
HIV/AIDS, TB & Malaria Pandemics on
Co's. Bus. Strategy
Shareholder Proposal Relating to SHLDR YES AGNST FOR
Political Contributions
Shareholder Proposal Relating to SHLDR YES AGNST FOR
Annual Rpt. On Corp. Resources
devoted to Supporting Political
Entities or Candidates
Shareholder Proposal Seeking to SHLDR YES AGNST FOR
Impose Term Limits on Directors
Shareholder Proposal Requesting a SHLDR YES AGNST FOR
Report on Increasing Access to Pfizer
Products
Shareholder Proposal on Stock Options SHLDR YES AGNST FOR
Shareholder Proposal on In Vitro SHLDR YES AGNST FOR
Testing
Issuer: Proctor & Gamble Co.
Ticker: PG
CUSIP: 742718-10-9
Meeting Date: 10/14/2003
Election of Directors MGMT YES FOR ALL FOR
Ratification of the appt. of MGMT YES FOR FOR
independent auditors
Proposal to adopt 2003 Non-Employee MGMT YES AGNST AGNST
Directors' Stock Plan
Shareholder Proposal to eliminate SHLDR YES FOR AGNST
Staggered Board
Shareholder Proposal to require co. SHLDR YES AGNST FOR
to identify genetically engineered
ingredients in labels of food
products
Issuer: Provident Bankshares Corp.
Ticker: PBKS
CUSIP: 743859-10-0
Meeting Date: 4/21/2004
Approve & adopt the Agreement & Plan MGMT YES FOR FOR
of Reorg. Between Provident
Bankshares Corp. & Southern Financial
Bancorp.
Election of Directors MGMT YES FOR ALL FOR
Approval of 2004 Equity Comp. Plan MGMT YES AGNST AGNST
Ratify appt. of independent auditors MGMT YES FOR FOR
for the fiscal year ending 12/31/2004
Issuer: Rohm & Haas Co.
Ticker: ROH
CUSIP: 775371-10-7
Meeting Date: 5/3/2004
Election of Directors MGMT YES FOR ALL FOR
Approval of proposal to adopt 2004 MGMT YES FOR FOR
Company Annual Incentive Plan
Approval of proposal to adopt 2004 MGMT YES FOR FOR
Long-Term Performance Share Plan
Approval of 2004 Amended & Restated MGMT YES AGNST AGNST
Company Stock Plan
Ratification of independent auditor MGMT YES FOR FOR
for 2004
Issuer: Safeway, Inc.
Ticker: SWY
CUSIP: 786514-20-8
Meeting Date: 5/20/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of the appointment of MGMT YES FOR FOR
independent auditors for fiscal year
2004
Approve amd. to the Restated Cert. of MGMT YES FOR FOR
Inc. to eliminate the classification
of BOD
Approve stock option exchange program MGMT YES AGNST AGNST
for employees providing for the
exchange of options previously
granted under the 1999 Amended &
Restated Equity Participation Plan.
Shareholder proposal regarding SHLDR YES AGNST FOR
independent Director as Chairman
Stockholder proposal regarding SHLDR YES AGNST FOR
cumulative voting
Stockholder proposal regarding report SHLDR YES AGNST FOR
on impact of genetically engineered
food
Stockholder proposal regarding SHLDR YES AGNST FOR
sustainability report
Stockholder proposal regarding SHLDR YES AGNST FOR
political contribution &
participation report
Stockholder proposal regarding SHLDR YES AGNST FOR
expensing the costs of stock options
Issuer: Sapient Corp.
Ticker: SAPE
CUSIP: 803062-10-9
Meeting Date: 5/25/2004
Election of Directors MGMT YES FOR ALL FOR
Approve amd. & restatement to the MGMT YES FOR FOR
Co's. Amended & Restated Cert. of
Inc. & an amd and restatement to the
Company's Amended & Restated Bylaws
to remove the three-tier classified
structure of the BOD
Ratification of the selection of MGMT YES FOR FOR
independent auditors for the Company
for 2004
Issuer: SBC Communications Inc.
Ticker: SBC
CUSIP: 78387G-10-3
Meeting Date: 4/30/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of Appointment of MGMT YES FOR FOR
Independent Auditors
Amd. to the By-laws to Eliminate the MGMT YES FOR FOR
Classified Board Structure
Shareholder Proposal requesting an SHLDR YES AGNST FOR
annual rpt. disclosing policies on
political contributions made with
corp. funds
Shareholder Proposal requesting the SHLDR YES AGNST FOR
reduction of BOD seats from 21 to 14.
Issuer: Schlumberger Ltd.
Ticker: SLB
CUSIP: 806857-10-8
Meeting Date: 4/14/2004
Election of Directors MGMT YES FOR ALL FOR
Report on course of bus. during the MGMT YES FOR FOR
year 2003; Adopt & approve Company's
Consolidated Balance Sheet as at
12/31/2003, its Consolidated
Statement of Income for the year 2003
& declaration of dividends by BOD as
reflected in the Co's. 2003 Annual
Report
Approve adoption of 2004 Stock & MGMT YES FOR FOR
Deferral Plan for Non-Employee
Directors
Approve appt. of independent auditors MGMT YES FOR FOR
to audit accounts of Co. for 2004
Issuer: Siebel Systems Inc.
Ticker: SEBL
CUSIP: 826170-10-2
Meeting Date: 6/23/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of selection of MGMT YES FOR FOR
independent auditors for year ending
12/31/2004
Stockholder Proposal regarding SHLDR YES AGNST FOR
expensing of stock options
Issuer: Smurfit-Stone Container Corp.
Ticker: SSCC
CUSIP: 832727-10-1
Meeting Date: 5/12/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors for 2004
Approval of 2004 Long Term Incentive MGMT YES AGNST AGNST
Plan
Approval of Non-Employee Director MGMT YES FOR FOR
Deferred Compensation Plan
Stockholder Proposal to consider SHLDR YES AGNST FOR
discontinuing all rights, options,
SAR's & possible severance payments
to top five management
Issuer: Solectron Corp.
Ticker: SLR
CUSIP: 834182-10-7
Meeting Date: 1/7/2004
Election of Directors MGMT YES FOR ALL FOR
Approve amd. to Co's. 2002 Stock MGMT YES AGNST AGNST
Option Plan to permit an option
exchange program.
Ratification of the appt. of MGMT YES FOR FOR
independent auditors for fiscal year
ending 8/31/2004
Issuer: Sun Microsystems Inc.
Ticker: SUNW
CUSIP: 866810-10-4
Meeting Date: 10/23/2003
Election of Directors MGMT YES FOR ALL FOR
Approve amds. to 1990 Employee Stock MGMT YES FOR FOR
Purchase Plan
Ratify appt. of independent auditors MGMT YES FOR FOR
for fiscal year ending 6/30/2004
Stockholder Proposal regarding China SHLDR YES AGNST FOR
Business Principles for Rights of
Workers in China
Issuer: Symantec Corp.
Ticker: SYMC
CUSIP: 871503-10-8
Meeting Date: 8/21/2003
Election of Directors MGMT YES FOR ALL FOR
Approve amended & restated MGMT YES FOR FOR
Certificate of Incorporation to
increase number of authorized shares
of common stock
Approve amd. to 1996 Equity Incentive MGMT YES AGNST AGNST
Plan to allow for grants of
restricted stock
Approve adoption of Sr. Exec. MGMT YES FOR FOR
Incentive Plan
Ratification of selection of MGMT YES FOR FOR
independent auditors for 2004 fiscal
year
Issuer: Target Corp.
Ticker: TGT
CUSIP: 87612E-10-6
Meeting Date: 5/19/2004
Election of Directors MGMT YES FOR ALL FOR
Approve appt. of independent auditors MGMT YES FOR FOR
Approve Long-Term Incentive Plan MGMT YES AGNST AGNST
Issuer: TECO Energy, Inc.
Ticker: TE
CUSIP: 872375-10-0
Meeting Date: 4/28/2004
Election of Directors MGMT YES FOR ALL FOR
Approval of 2004 Equity Incentive MGMT YES AGNST AGNST
Plan
Shareholder Proposal requesting BOD SHLDR YES AGNST FOR
to use performance & time-based
restricted share programs in lieu of
stock options when developing future
sr. exec. equity comp. plans
Shareholder Proposal requesting that SHLDR YES AGNST FOR
the BOD establish a policy of
expensing in the Co's annual income
statement the costs of all future
stock options issued by Co.
Ratification of the selection of MGMT YES FOR FOR
independent auditors
Issuer: United Technologies Corp.
Ticker: UTX
CUSIP: 913017-10-9
Meeting Date: 4/14/2004
Election of Directors MGMT YES FOR ALL FOR
Appointment of Independent Auditors MGMT YES FOR FOR
Shareholder Proposal concerning SHLDR YES AGNST FOR
disclosure of Executive Compensation
Shareholder Proposal concerning SHLDR YES AGNST FOR
ethical criteria for military
contracts
Shareholder Proposal concerning SHLDR YES AGNST FOR
future senior executive stock option
grants to be performance based
Shareholder Proposal concerning an SHLDR YES AGNST FOR
independent chairman of the board
Issuer: United Parcel Service
Ticker: UPS
CUSIP: 911312-10-6
Meeting Date: 5/6/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of Independent Auditors MGMT YES FOR FOR
for year ending 12/31/2004
Issuer: Wachovia Corp.
Ticker: WB
CUSIP: 929903-10-2
Meeting Date: 4/20/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of appt. of independent MGMT YES FOR FOR
auditors for the year 2004
Stockholder Proposal regarding SHLDR YES AGNST FOR
nominating directors
Stockholder Proposal regarding SHLDR YES AGNST FOR
reporting political information
Stockholder Proposal regarding SHLDR YES AGNST FOR
separating the Offices Of Chairman &
CEO
Issuer: Wells Fargo & Co.
Ticker: WFC
CUSIP: 949746-10-1
Meeting Date: 4/27/2004
Election of Directors MGMT YES FOR ALL FOR
Proposal to approve Co's. MGMT YES FOR FOR
Supplemental 401(k) Plan
Proposal to ratify appt. of MGMT YES FOR FOR
independent auditors for 2004
Stockholder Proposal regarding SHLDR YES AGNST FOR
expensing stock options
Stockholder Proposal regarding SHLDR YES AGNST FOR
restricted stock
Stockholder Proposal regarding SHLDR YES AGNST FOR
executive compensation & predatory
lending
Stockholder proposal regarding SHLDR YES AGNST FOR
political contributions
Issuer: Wilmington Trust Corp.
Ticker: WL
CUSIP: 971807-10-2
Meeting Date: 4/15/2004
Election of Directors MGMT YES FOR ALL FOR
Approval of 2004 Employee Stock MGMT YES FOR FOR
Purchase Plan
2004 Executive Incentive Plan MGMT YES FOR FOR
Issuer: Wyeth Co.
Ticker: WYE
CUSIP: 983024-10-0
Meeting Date: 4/22/2004
Election of Directors MGMT YES FOR ALL FOR
Ratification of independent public MGMT YES FOR FOR
accountants for 2004
Stockholder Proposal regarding Access SHLDR YES AGNST FOR
to & Affordability of Prescription
Drugs
Stockholder Proposal regarding Animal SHLDR YES AGNST FOR
Testing
Issuer: Zimmer Holdings Inc.
Ticker: ZMH
CUSIP: 98956P-10-2
Meeting Date: 5/10/2004
Election of Directors MGMT YES FOR ALL FOR
Stockholder Proposal to redeem poison SHLDR YES FOR AGNST
pill plan
Stockholder Proposal Relating to SHLDR YES AGNST FOR
Auditor Ratification
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.
THE ADAMS EXPRESS COMPANY
-------------------------------------------------------------------------
(Registrant)
BY: /s/ Douglas G. Ober
-----------------------
Douglas G. Ober
Chief Executive Officer
(Principal Executive Officer)
Date: August 27, 2004