PETROLEUM & RESOURCES CORPORATION - FORM N-PX

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
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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.
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, 2009
Date of reporting period: July 1, 2008 - June 30, 2009

 

 

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: Apache Corporation

Ticker: APA

CUSIP: 037411-10-5

Meeting Date: 05/07/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Issuer: Baker Hughes Incorporated

Ticker: BHI

CUSIP: 057224-10-7

Meeting Date: 04/23/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Employee Stock Purchase Plan

MGMT

YES

FOR

FOR

Special Shareholder Meetings

SHLDR

YES

AGNST

FOR

Issuer: Chevron Corporation

Ticker: CVX

CUSIP: 166764-10-0

Meeting Date: 05/27/2009

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Material Terms of Performance Goals for Chevron Incentive Plan

MGMT

YES

FOR

FOR

Material Terms of Performance Goals for Chevron Long Term Incentive Plan

MGMT

YES

FOR

FOR

Special Stockholder Meetings

SHLDR

YES

AGNST

FOR

Advisory Vote on Summary Compensation Table

SHLDR

YES

AGNST

FOR

Greenhouse Gas Emissions

SHLDR

YES

AGNST

FOR

Country Selection Guidelines

SHLDR

YES

AGNST

FOR

Human Rights Policy

SHLDR

YES

AGNST

FOR

Host Country Laws

SHLDR

YES

AGNST

FOR

Issuer: Complete Production Services, Inc.

Ticker: CPX

CUSIP: 20453E-10-9

Meeting Date: 05/21/2009

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Incentive Award Program

MGMT

YES

AGNST

AGNST

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: ConocoPhillips

Ticker: COP

CUSIP: 20825C-10-4

Meeting Date: 05/13/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Omnibus Stock and Performance Incentive Plan

MGMT

YES

AGNST

AGNST

Universal Health Care Principles

SHLDR

YES

AGNST

FOR

Advisory Vote on Executive Compensation

SHLDR

YES

AGNST

FOR

Political Contributions

SHLDR

YES

AGNST

FOR

Greenhouse Gas Reduction

SHLDR

YES

AGNST

FOR

Oil Sands Drilling

SHLDR

YES

AGNST

FOR

Director Qualifications

SHLDR

YES

AGNST

FOR

Issuer: Consol Energy Inc.

Ticker: CNX

CUSIP: 20854P-10-9

Meeting Date: 04/28/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Equity Incentive Plan

MGMT

YES

AGNST

AGNST

Majority Voting

SHLDR

YES

AGNST

FOR

Early Disclosure of Voting Results on Shareholder Proposals

SHLDR

YES

AGNST

FOR

Issuer: Devon Energy Corporation

Ticker: DVN

CUSIP: 25179M-10-3

Meeting Date: 06/03/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Adoption of 2009 Long Term Incentive Plan

MGMT

YES

AGNST

AGNST

Adopt Director Election Majority Vote Standard

SHLDR

YES

AGNST

FOR

Issuer: E. I. du Pont de Nemours and Company

Ticker: DD

CUSIP: 263534-10-9

Meeting Date: 04/29/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Shareholder Say on Executive Pay

SHLDR

YES

AGNST

FOR

Issuer: Energen Corporation

Ticker: EGN

CUSIP: 29265N-10-8

Meeting Date: 04/22/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: EOG Resources, Inc.

Ticker: EOG

CUSIP: 26875P-10-1

Meeting Date: 04/29/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: EQT Corporation

Ticker: EQT

CUSIP: 26884L-10-9

Meeting Date: 04/22/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Approve 2009 Long Term Incentive Plan

MGMT

YES

AGNST

AGNST

Approve 2008 Employee Stock Purchase Plan

MGMT

YES

FOR

FOR

Issuer: Exxon Mobil Corporation

Ticker: XOM

CUSIP: 30231G-10-2

Meeting Date: 05/27/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Cumulative Voting

SHLDR

YES

AGNST

FOR

Special Shareholder Meetings

SHLDR

YES

AGNST

FOR

Incorporate in North Dakota

SHLDR

YES

AGNST

FOR

Board Chairman and CEO

SHLDR

YES

AGNST

FOR

Shareholder Vote on Executive Compensation

SHLDR

YES

AGNST

FOR

Executive Compensation Report

SHLDR

YES

AGNST

FOR

Corporate Sponsorships Report

SHLDR

YES

AGNST

FOR

Amendment of EEO Policy

SHLDR

YES

AGNST

FOR

Greenhouse Gas Emissions Goals

SHLDR

YES

AGNST

FOR

Climate Change and Technology Report

SHLDR

YES

AGNST

FOR

Renewable Energy Policy

SHLDR

YES

AGNST

FOR

Issuer: Forest Oil Corporation

Ticker: FST

CUSIP: 346091-70-5

Meeting Date: 5/12/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approval of Additional 500,000 shares for issuance under 1999 Employee Stock Plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Halliburton

Ticker: HAL

CUSIP: 406216-10-1

Meeting Date: 05/20/2009

Election of Directors

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Amend Stock and Incentive Plan

MGMT

YES

AGNST

AGNST

Amend Employee Stock Purchase Plan

SHLDR

YES

AGNST

FOR

Human Rights Policy

SHLDR

YES

AGNST

FOR

Political Contributions

SHLDR

YES

AGNST

FOR

Low Carbon Energy Report

SHLDR

YES

AGNST

FOR

Additional Compensation Discussion and Analysis Disclosure

SHLDR

YES

AGNST

FOR

Special Shareowner Meetings

SHLDR

YES

AGNST

FOR

Issuer: Hercules Offshore, Inc.

Ticker: HERO

CUSIP: 427093-10-9

Meeting Date: 04/23/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Hess Corporation

Ticker: HES

CUSIP: 023551-10-4

Meeting Date: 05/06/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

International Coal Group, Inc.

Ticker: ICG

CUSIP: 45928H-10-6

Meeting Date: 05/20/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Equity Incentive Plan

MGMT

YES

AGNST

AGNST

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: MDU

CUSIP: 576206-10-6

Meeting Date: 05/19/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Amend Stock Plan

MGMT

YES

FOR

FOR

Environmental Progress Report

SHLDR

YES

AGNST

FOR

Carbon Dioxide Emissions Report

SHLDR

YES

AGNST

FOR

Expedited Disclosure of Voting Results

SHLDR

YES

AGNST

FOR

Issuer: MDU Resources Group, Inc.

Ticker: MDU

CUSIP: 552690-10-9

Meeting Date: 04/28/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Nabors Industries Ltd.

Ticker: NBR

CUSIP: G6359F-10-3

Meeting Date: 06/02/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Adopt Pay for Superior Performance Standard

SHLDR

YES

AGNST

FOR

Payments Following Death of Senior Executive

SHLDR

YES

AGNST

FOR

Issuer: National Fuel Gas Company

Ticker: NFG

CUSIP: 636180-10-1

Meeting Date: 3/12/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

2009 Non-Employee Director Compensation Plan

MGMT

YES

FOR

FOR

Issuer: National Oilwell Varco, Inc.

Ticker: NOV

CUSIP: 637071-10-1

Meeting Date: 05/13/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Amendment to Long-Term Incentive Plan

MGMT

YES

FOR

FOR

Issuer: New Jersey Resources Corporation

Ticker: NJR

CUSIP: 646025-10-6

Meeting Date: 01/21/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Noble Corporation

Ticker: NE

CUSIP: G65422-10-0

Meeting Date: 3/17/2009

Merger, reorganization and consolidation

MGMT

YES

FOR

FOR

Adjourn Meeting

MGMT

YES

FOR

FOR

Issuer: Noble Corporation

Ticker: NE

CUSIP: G65422-10-0

Meeting Date: 05/28/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Dividend Payment

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Increase Authorized Shares

MGMT

YES

FOR

FOR

Issuer: Noble Energy, Inc.

Ticker: NBL

CUSIP: 655044-10-5

Meeting Date: 04/28/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Amend Stock Option Plan

MGMT

YES

AGNST

AGNST

Issuer: Northeast Utilities

Ticker: NU

CUSIP: 664397-10-6

Meeting Date: 05/12/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Northwest Natural Gas

Ticker: NWN

CUSIP: 667655-10-4

Meeting Date: 05/28/2009

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: 05/01/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Permit stockholders to call special meetings

MGMT

YES

FOR

FOR

Report on assessment of host country laws

SHLDR

YES

AGNST

FOR

Issuer: Questar Corporation

Ticker: STR

CUSIP: 748356-10-2

Meeting Date: 05/19/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Eliminate Classified Board Structure and Remove Requirement of 13 Directors

MGMT

YES

FOR

FOR

Amend Articles of Incorporation to Remove Outdated Reference and Clarify Director Liability

MGMT

YES

FOR

FOR

Increase Authorized Shares

MGMT

YES

FOR

FOR

Eliminate Limit on Issuance of Preferred Stock

MGMT

YES

FOR

FOR

Performance Metrics and Amendments to Long Term Cash Incentive Plan

MGMT

YES

FOR

FOR

Majority Voting Standard

SHLDR

YES

AGNST

FOR

Advisory Vote on Executive Compensation

SHLDR

YES

AGNST

FOR

Issuer: Royal Dutch Shell plc

Ticker: RD

CUSIP: 780257-80-4

Meeting Date: 05/19/2009

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 Donations and Expenditures

MGMT

YES

FOR

FOR

Issuer: Schlumberger

Ticker: SLB

CUSIP: 806857-10-8

Meeting Date: 05/07/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Adopt and approve financials and dividends

MGMT

YES

FOR

FOR

Executive Officer Compensation

SHLDR

YES

AGNST

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Southwest Gas Corporation

Ticker: SWX

CUSIP: 844895-10-2

Meeting Date: 05/07/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Approve Continuation of the Amended and Restated Management Incentive Plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Spectra Energy Corporation

Ticker: SE

CUSIP: 847560-10-9

Meeting Date: 05/07/2009

Election of Directors

MGMT

YES

FOR ALL-DIRS

FOR

Eliminate Classified Structure of the Board

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: Total S.A.

Ticker: TOT

CUSIP: 89151E-10-9

Meeting Date: 05/15/2009

Approval of Financial Statements and Dividend

MGMT

YES

FOR ALL-DIRS

FOR

Approval of Auditors Reports

MGMT

YES

FOR

FOR

Election of Directors

MGMT

YES

FOR

FOR

Age Limit for Chairman of the Board

MGMT

YES

FOR

FOR

Disclosure of Allocations of Stock Options and Restricted Shares

SHLDR

YES

AGNST

FOR

New Procedure for Selecting Shareholder-Employee as Board Member

SHLDR

YES

AGNST

FOR

Authorization to Grant Restricted Shares to All Employees

SHLDR

YES

AGNST

FOR

Issuer: Transocean, Inc.

Ticker: RIG

CUSIP: G90073-10-0

Meeting Date: 12/08/2008

Approver merger by way of schemes of arrangement (change place of incorporation from Cayman Islands to Switzerland)

MGMT

YES

FOR

FOR

Adjourn Meeting

MGMT

YES

FOR

FOR

Issuer: Transocean, Inc.

Ticker: RIG

CUSIP: G90073-10-0

Meeting Date: 5/15/2009

Approval of Annual Report & Financial Statements

MGMT

NO

Discharge Members of the Board and Executive Officers

MGMT

NO

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

MGMT

NO

Share Repurchase

MGMT

NO

Approval of Long-Term Incentive Plan

MGMT

NO

Election of Directors

MGMT

NO

Ratification of appt. of Ind. Auditors

MGMT

NO

Issuer: Weatherford International LTD.

Ticker: WFT

CUSIP: G95089-10-1

Meeting Date: 02/17/2009

Approval of Scheme of Arrangement

MGMT

YES

FOR

FOR

Approval to Adjourn Meeting

MGMT

YES

FOR

FOR

Issuer: Weatherford International LTD. (annual mtg)

Ticker: WFT

CUSIP: G95089-10-1

Meeting Date: 5/7/2009

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Issuer: The Williams Companies, Inc.

Ticker: WMB

CUSIP: 969457-10-0

Meeting Date: 05/21/2009

Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

End Staggered Board

SHLDR

YES

FOR

AGNST

Issuer: XTO Energy Inc.

Ticker: XTO

CUSIP: 98385X-10-6

Meeting Date: 05/19/2009

Annual Election of Directors

MGMT

YES

FOR ALL- DIRS

FOR

Election of Directors

MGMT

YES

FOR

FOR

Executive Compensation Plan

MGMT

YES

FOR

FOR

Ratification of appt. of Ind. Auditors

MGMT

YES

FOR

FOR

Advisory Vote on Executive Compensation

SHLDR

YES

AGNST

FOR

Executive Benefits Payable Upon Death

SHLDR

YES

AGNST

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 16, 2009