UNITED STATES
SECURTITIES 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: 811-179
Central Securities Corporation
(Exact name of Registrant as specified in charter)
630 Fifth Avenue, Suite 820
New York, New York 10111
(Address of principal executive offices)
Registrant's telephone number: 212-698-2020
Date of fiscal year end: December 31
Date of reporting period: July 1, 2003 - June 30, 2004
Issuer: Flextronics International Ltd. CUSIP: Y2573F102
Ticker: FLEX
Meeting Date: 9/30/03
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. Re-election of Richard L. Sharp as a director of the company. Management FOR FOR
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2A. Re-election of James A. Davidson as a director of the company. Management FOR FOR
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2B. Re-election of Lip-Bu Tan as a director of the company. Management FOR FOR
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3. Re-appointment of Patrick Foley as a director of the company. Management FOR FOR
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4. To appoint Deloitte & Touche LLP as independent auditors of the
company for the fiscal year ending March 31, 2004. Management FOR FOR
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5. To approve an amendment to the company's 1997 employee share
purchase plan. Management FOR FOR
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6. To approve the authorization for the directors of the company
to allot and issue ordinary shares. Management FOR FOR
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7. To approve the authorization for the company to provide cash
compensation to its directors. Management FOR FOR
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8. To approve the authorization of the proposed renewal of the
share mandate relating to acquisitions by the company of its Management FOR FOR
own issued ordinary shares.
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Issuer: Wind River Systems, Inc. CUSIP: 973149 10 7
Ticker: WIND
Meeting Date: 12/19/03
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To approve the amendment of Wind River's 1998 Incentive Plan to
(I) increase the aggregate number of shares of common stock by
1,900,000 shares and (II) increase the maximum number of shares of Management FOR FOR
the common stock that may be issued to any employee in accordance
with section 162(M) of the internal revenue code.
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Issuer: Solectron Corporation CUSIP: 834182 10 7
Ticker: SLR
Meeting Date: 1/7/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. William A. Hassler Management FOR FOR
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2. Michael R. Cannon Management FOR FOR
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3. Richard A. D'Amore Management FOR FOR
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4. Heinz Fridrich Management FOR FOR
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5. William R. Graber Management FOR FOR
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6. Dr. Paul R. Low Management FOR FOR
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7. C. Wesley M. Scott Management FOR FOR
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8. Osamu Yamada Management FOR FOR
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9. Cyril Yansouni Management FOR FOR
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2. To approve an amendment to the company's 2002 stock option
plan to permit an option exchange program. Management FOR FOR
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3. To ratify the appointment of KPMG LLP as independent auditors
of the Management FOR FOR company for the fiscal year ending Management FOR FOR
August 31, 2004.
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Issuer: Accenture Ltd. CUSIP: G1150G 11 1
Ticker: ACN
Meeting Date: 2/5/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. A vote for election of the following nominees for the Board
of Directors:
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1. Dennis F. Hightower Management FOR FOR
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2. William L. Kimsey Management FOR FOR
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3. Robert I. Lipp Management FOR FOR
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4. Wulf Von Schimmelmann Management FOR FOR
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2. To approve an amendment to the company's 2002 stock option
plan to permit an option exchange program Management FOR FOR
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3. Re-appointment of KPMG LLP as independent auditors for the 2004
fiscal year and determination of the board of directors to determine Management FOR FOR
KPMG LLP's remuneration
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Issuer: ArvinMeritor, Inc. CUSIP: 043353 10 1
Ticker: ARM
Meeting Date: 2/18/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. A vote for election of the following nominees for the Board
of Director:
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1. Rhonda L. Brooks Management FOR FOR
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2. William R. Newlin Management FOR FOR
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3. Terrence E. O'Rourke Management FOR FOR
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4. Larry D. Yost Management FOR FOR
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5. Richard W. Hanselman Management FOR FOR
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2. The selection of auditors (Deloitte & Touche LLP) Management FOR FOR
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3. Approval of the 2004 Directors stock plan Management FOR FOR
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Issuer: Analog Devices, Inc. CUSIP: 032654 10 5
Ticker: ADI
Meeting Date: 3/9/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. A vote for election of the following nominees for director:
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1. Jerald G. Fishman Management FOR FOR
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2. F. Grant Saviers Management FOR FOR
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2. To approve an amendment to the Company's restated Articles of
Organization to increase the number of authorized shares of common Management FOR FOR
stock form 600,000,000 shares to 1,200,000,000 shares
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3. To ratify the selection of Ernst & Young LLP as the Company's
independent auditors for the fiscal year ending October 30, 2004. Management FOR FOR
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Issuer: Apple Computer, Inc. CUSIP: 037833 10 0
Ticker: APPL
Meeting Date: 4/22/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. William V. Campbell Management FOR FOR
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2. Millard S. Drexler Management FOR FOR
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3. Albert A. Gore, Jr. Management FOR FOR
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4. Steven P. Jobs Management FOR FOR
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5. Arthur D. Levinson Management FOR FOR
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6. Jerome B. York Management FOR FOR
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2. To ratify the appointment of KPMG LLP as independent auditors
of the company for fiscal year 2004. Management FOR FOR
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3. To consider a stockholder proposal re: Executive Compensation. Stockholder AGAINST FOR
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Issuer: Merck & Co., Inc. CUSIP: 589331 10 7
Ticker: MRK
Meeting Date: 4/27/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. Peter C. Wendell Management FOR FOR
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2. William G. Bowen Management FOR FOR
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3. William M. Daley Management FOR FOR
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4. Thomas E. Shenk Management FOR FOR
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5. Wendell P. Weeks Management FOR FOR
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2. Ratification of the appointment of the company's independent
auditors for 2004. Management FOR FOR
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3. Proposal to amend the restated certificate of incorporation to
declassify the board of directors. Management FOR FOR
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4. Proposal concerning management compensation. Stockholder AGAINST FOR
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5. Proposal concerning extension of prescription drug patents. Stockholder AGAINST FOR
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6. Proposal concerning ethical and social performance of the
company. Stockholder AGAINST FOR
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7. Proposal concerning the use of shareholder resources for
political purposes. Stockholder AGAINST FOR
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8. Proposal concerning a report related to the global HIV/AIDS
pandemic. Stockholder AGAINST FOR
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Issuer: Abbott Laboratories CUSIP: 002824 10 0
Ticker: ABT
Meeting Date: 4/23/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. R.S. Austin Management FOR FOR
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2. H.L. Fuller Management FOR FOR
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3. R.A. Gonzalez Management FOR FOR
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4. J.M. Greenberg Management FOR FOR
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5. J.M. Leiden Management FOR FOR
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6. D.A.L. Owen Management FOR FOR
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7. B. Powell Jr. Management FOR FOR
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8. A.B. Rand Management FOR FOR
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9. W.A. Reynolds Management FOR FOR
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10. R.S. Roberts Management FOR FOR
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11. W.D. Smithburg Management FOR FOR
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12. J.R. Walter Management FOR FOR
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13. M.D. White Management FOR FOR
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2. Ratification of Deloitte & Touche LLP as auditors. Management FOR FOR
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3. Proposal concerning prescription drugs. Stockholder AGAINST FOR
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4. Proposal concerning political contributions. Stockholder AGAINST FOR
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5. Proposal concerning option grants for senior officers. Stockholder AGAINST FOR
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6. Proposal concerning global infectious diseases. Stockholder AGAINST FOR
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Issuer: The Bank of New York Company, Inc. CUSIP: 064057 10 2
Ticker: BK
Meeting Date: 4/13/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. Mr. Biondi Management FOR FOR
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2. Mr. Donofrio Management FOR FOR
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3. Mr. Griffith Management FOR FOR
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4. Mr. Hassell Management FOR FOR
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5. Mr. Kogan Management FOR FOR
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6. Mr. Kowalski Management FOR FOR
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7. Mr. Luke Management FOR FOR
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8. Mr. Malone Management FOR FOR
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9. Mr. Myners Management FOR FOR
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10. Mr. Pozen Management FOR FOR
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11. Ms. Rein Management FOR FOR
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12. Mr. Renyi Management FOR FOR
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13. Mr. Richardson Management FOR FOR
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14. Mr. Roberts Management FOR FOR
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15. Mr. Scott Management FOR FOR
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2. Ratification of Ernst & Young LLP as auditors. Management FOR FOR
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3. Approval of an amendment to the 2004 management incentive
compensation plan. Management FOR FOR
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4. Proposal with respect to political contributions. Stockholder AGAINST FOR
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5. Proposal with respect to executive compensation. Stockholder AGAINST FOR
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6. Proposal with respect to the composition of the risk committee. Stockholder AGAINST FOR
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7. Proposal with respect to the company's rights plan Stockholder AGAINST FOR
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Issuer: Dover Corporation CUSIP: 260003 10 8
Ticker: DOV
Meeting Date: 4/20/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. D.H. Benson Management FOR FOR
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2. J.P.M. Ergas Management FOR FOR
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3. K.C. Graham Management FOR FOR
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4. R.L. Hoffman Management FOR FOR
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5. J.L. Koley Management FOR FOR
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6. R.K. Lochridge Management FOR FOR
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7. T.L. Reece Management FOR FOR
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8. B.G. Rethore Management FOR FOR
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9. G.L. Roubos Management FOR FOR
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10. M.B. Stubbs Management FOR FOR
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2. To consider and approve the 2005 equity and cash incentive plan. Management FOR FOR
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================================================================================
Issuer: Unisys Corporation CUSIP: 909214 10 8
Ticker: UIS
Meeting Date: 4/22/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors: (1)
Henry C. Duques, (2) Clayton M. Jones, (3) Theodore E. Martin, (4) Management FOR FOR
Lawrence A. Weinbach.
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Issuer: Schering-Plough Corporation CUSIP: 806605 10 1
Ticker: SGP
Meeting Date: 4/27/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
(1) Fred Hassan, (2) Philip Leder, (3) Eugene R. McGrath, Management FOR FOR
(4) Richard de J. Osborne.
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2. Ratification of designation of Deloitte & Touche LLP as
independent auditors. Management FOR FOR
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3. Approval of the operations management team incentive plan. Management FOR FOR
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Issuer: Motorola, Inc. CUSIP: 620076 10 9
Ticker: MOT
Meeting Date: 5/3/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. E. Zander Management FOR FOR
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2. H.L. Fuller Management FOR FOR
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3. J. Lewent Management FOR FOR
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4. W. Massey Management FOR FOR
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5. N. Negroponte Management FOR FOR
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6. I. Nooyi Management FOR FOR
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7. J. Pepper Management FOR FOR
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8. S. Scott Management FOR FOR
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9. D. Warner III Management FOR FOR
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10. J. White Management FOR FOR
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11. M. Zafirovski Management FOR FOR
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2. Shareholder proposal re: Commonsense Executive Compensation Stockholder AGAINST FOR
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3. Shareholder proposal re: Performance and time-based restricted
shares Stockholder AGAINST FOR
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Issuer: Capital One Financial Corporation CUSIP: 14040H 10 5
Ticker: COF
Meeting Date: 4/29/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. W. Ronald Dietz Management FOR FOR
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2. Lewis Hay, III Management FOR FOR
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3. Mayo A. Shattuck, III Management FOR FOR
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2. Ratification of Ernst & Young as independent auditors of the
corporation for 2004. Management FOR FOR
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3. Approval of Capital One's 2004 stock incentive plan. Management FOR FOR
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Issuer: Rohm and Haas Company CUSIP: 775371 10 7
Ticker: ROH
Meeting Date: 5/3/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. W.J. Avery Management FOR FOR
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2. J.M. Fitzpatrick Management FOR FOR
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3. E.G. Graves Management FOR FOR
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4. R.L. Gupta Management FOR FOR
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5. D.W. Haas Management FOR FOR
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6. T. W. Haas Management FOR FOR
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7. J. A. Henderson Management FOR FOR
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8. R.L. Keyser Management FOR FOR
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9. J.P. Montoya Management FOR FOR
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10. S.O. Moose Management FOR FOR
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11. G.S. Omenin Management FOR FOR
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12. G.L. Rogers Management FOR FOR
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13. R.H. Schmitz Management FOR FOR
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14. M.C. Whittington Management FOR FOR
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2. Approval of a proposal to adopt the 2004 Rohm and Haas Company
Annual Incentive Plan. Management FOR FOR
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3. Approval of a proposal to adopt the 2004 Rohm and Haas Company
Long-Term Performance Share Plan. Management FOR FOR
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4. Approval of the 2004 amended and restated Rohm and Haas Company
Stock Plan. Management FOR FOR
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5. Ratification of PricewaterhouseCoopers LLP as Rohm and Haas
Company's independent auditor for 2004. Management FOR FOR
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================================================================================
Issuer: Kerr-McGee Corporation CUSIP: 492386 10 7
Ticker: KMG
Meeting Date: 5/11/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. William E. Bradford Management FOR FOR
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2. Luke R. Corbett Management FOR FOR
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3. David C. Genever-Watling Management FOR FOR
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4. Farah M. Walters Management FOR FOR
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2. Ratification of appointment of Ernst & Young LLP as independent
auditors for 2004. Management FOR FOR
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3. Stockholder proposal requesting establishment of an office of the
board of directors. Stockholder AGAINST FOR
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================================================================================
Issuer: Intel Corporation CUSIP: 458104 10 0
Ticker: INTC
Meeting Date: 5/19/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. Craig R. Barrett Management FOR FOR
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2. Charlene Barshefsky Management FOR FOR
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3. E. John P. Browne Management FOR FOR
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4. Andrew S. Grove Management FOR FOR
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5. D. James Guzy Management FOR FOR
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6. Reed E. Hundt Management FOR FOR
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7. Paul S. Otellini Management FOR FOR
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8. David S. Pottruck Management FOR FOR
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9. Jane E. Shaw Management FOR FOR
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10. John L. Thornton Management FOR FOR
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11. David B. Yoffie Management FOR FOR
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2. Ratification of appointment of Ernst & Young LLP as independent
auditors. Management FOR FOR
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3. Approval of the 2004 equity incentive plan Management FOR FOR
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4. Stockholder proposal requesting the expensing of stock options. Stockholder AGAINST FOR
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5. Stockholder proposal requesting the use of performance-vesting
stock. Stockholder AGAINST FOR
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6. Stockholder proposal requesting the use of performance-based
stock options. Stockholder FOR AGAINST
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================================================================================
Issuer: Cincinnati Bell CUSIP: 171871 10 6
Ticker: CBB
Meeting Date: 4/23/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. Phillip R. Cox Management FOR FOR
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2. Michael G. Morris Management FOR FOR
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3. John M. Zrno Management FOR FOR
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================================================================================
Issuer: Vical Incorporated CUSIP: 925602 10 4
Ticker: VICL
Meeting Date: 5/10/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. Robert H. Campbell Management FOR FOR
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2. Gary A. Lyons Management FOR FOR
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2. To approve the amendment of the company's stock incentive plan. Management FOR FOR
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3. To ratify the selection of KPMG LLP as the company's independent
auditors for 2004. Management FOR FOR
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================================================================================
Issuer: Murphy Oil Corporation CUSIP: 626717 10 2
Ticker: MUR
Meeting Date: 5/12/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. F.W. Blue Management FOR FOR
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2. G.S. Dembroski Management FOR FOR
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3. C.P. Deming Management FOR FOR
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4. R.A. Hermes Management FOR FOR
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5. R.M. Murphy Management FOR FOR
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6. W.C. Nolan, Jr. Management FOR FOR
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7. I.B. Ramberg Management FOR FOR
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8. D.J.H. Smith Management FOR FOR
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9. C.G. Theus Management FOR FOR
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2. To approve the appointment of KPMG LLP as independent auditors. Management FOR FOR
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================================================================================
Issuer: Ceridian Corporation CUSIP: 156779 10 0
Ticker: CEN
Meeting Date: 5/12/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. William J. Cadogan Management FOR FOR
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2. Nicholas D. Chabra Management FOR FOR
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3. Robert H. Ewald Management FOR FOR
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4. Ronald T. Lemay Management FOR FOR
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5. George R. Lewis Management FOR FOR
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6. Ronald L. Turner Management FOR FOR
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7. Carole J. Uhrich Management FOR FOR
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8. Alan F. White Management FOR FOR
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2. Proposal to approve the Ceridian Corporation 2004 Long-term
stock incentive plan. Management FOR FOR
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3. Proposal to approve the Ceridian Corporation amended and
restated employee stock purchase plan. Management FOR FOR
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================================================================================
Issuer: Laboratory Corporation of America Holdings CUSIP: 50540R 40 9
Ticker: LH
Meeting Date: 5/12/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. Thomas P. Mac Mahon Management FOR FOR
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2. Jean-Luc Belingard Management FOR FOR
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3. Wendy E. Lane Management FOR FOR
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4. R.E. Mittelstaedt Management FOR FOR
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5. Andrew G. Wallace, M.D. Management FOR FOR
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6. M. Keith Weikel Management FOR FOR
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7. Craig M. Watson Management FOR FOR
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2. Approval of the amendments to the 1997 employee stock purchase
plan (the "ESPP Amendment"). Management FOR FOR
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3. Ratification of the appointment of PricewaterhouseCoopers LLP as
Laboratory Corporation of America Holdings' independent accountants Management FOR FOR
for 2004.
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================================================================================
Issuer: Marsh & McLennan Companies, Inc. CUSIP: 571748 10 2
Ticker: MMC
Meeting Date: 5/20/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. Lewis W. Bernard Management FOR FOR
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2. Mathis Cabiallavetta Management FOR FOR
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3. Zachary W. Carter Management FOR FOR
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4. Robert F. Erburu Management FOR FOR
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5. Oscar Fanjul Management FOR FOR
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6. Ray J. Groves Management FOR FOR
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2. Ratification of Deloitte & Touche LLP as independent auditors
for 2004. Management FOR FOR
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================================================================================
Issuer: Arch Capital Group LTD CUSIP: G0450A 105
Ticker: ACGL
Meeting Date: 5/5/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. Robert Clements Management FOR FOR
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2. Wolfe (Bill) H. Bragin Management FOR FOR
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3. John L. Bruce, Jr. Management FOR FOR
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4. Sean D. Carney Management FOR FOR
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5. James J. Ansaldi Management FOR FOR
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6. Graham B. Collis Management FOR FOR
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7. Dwight R. Evans Management FOR FOR
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8. Marc Grandisson Management FOR FOR
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9. Paul B. Ingrey Management FOR FOR
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10. Ralphe E. Jones, III Management FOR FOR
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11. Thomas G. Kaiser Management FOR FOR
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12. Martin J. Nilson Management FOR FOR
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13. Debra M. O'Connor Management FOR FOR
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14. Steven K. Parker Management FOR FOR
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15. Robert T. Van Gieson Management FOR FOR
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16. John D. Vollaro Management FOR FOR
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17. Graham Ward Management FOR FOR
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18. Robert C. Worme Management FOR FOR
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2. To ratify the selection of PricewaterhouseCoopers LLP as the
company's independent auditors for the fiscal year ending Management FOR FOR
December 31, 2004.
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================================================================================
Issuer: American International Group, Inc. CUSIP: 026874 10 7
Ticker: AIG
Meeting Date: 5/19/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. M. Aidinoff Management FOR FOR
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2. P. Chia Management FOR FOR
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3. M. Cohen Management FOR FOR
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4. W. Cohen Management FOR FOR
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5. M. Feldstein Management FOR FOR
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6. E. Futter Management FOR FOR
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7. M. Greenberg Management FOR FOR
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8. C. Hills Management FOR FOR
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9. F. Hoenemeyer Management FOR FOR
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10. R. Holbrooke Management FOR FOR
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11. D. Kanak Management FOR FOR
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12. H. Smith Management FOR FOR
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13. M. Sullivan Management FOR FOR
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14. E. Tse Management FOR FOR
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15. F. Zarb Management FOR FOR
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2. To adopt a chief executive officer annual compensation plan. Management FOR FOR
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3. To adopt a director stock plan. Management FOR FOR
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4. Ratification of independent accountants. Management FOR FOR
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5. Shareholder proposal relating to political contributions. Stockholder AGAINST FOR
---------------------------------------------------------------------------------------------------------
6. Stockholder proposal relating to investments in tobacco equities. Stockholder AGAINST FOR
---------------------------------------------------------------------------------------------------------
7. Shareholder proposal relating to sub-prime lending. Stockholder AGAINST FOR
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================================================================================
Issuer: PolyOne Corporation CUSIP: 73179P 10 6
Ticker: POL
Meeting Date: 5/20/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
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1. Carol A. Cartwright Management FOR FOR
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2. Gale Duff-Bloom Management FOR FOR
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3. J. Douglas Campbell Management FOR FOR
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4. Wayne R. Embry Management FOR FOR
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5. Robert A. Garda Management FOR FOR
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6. Gordon D. Harnett Management FOR FOR
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7. David H. Hoag Management FOR FOR
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8. William F. Patient Management FOR FOR
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9. Thomas A. Waltermire Management FOR FOR
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10. Farah M. Walters Management FOR FOR
---------------------------------------------------------------------------------------------------------
2. Proposal to approve the PolyOne Corporation deferred
compensation plan for non-employee directors. Management FOR FOR
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================================================================================
Issuer: Unocal Corporation CUSIP: 915289 10 2
Ticker: UCL
Meeting Date: 5/24/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
---------------------------------------------------------------------------------------------------------
1. Richard D. McCormick Management FOR FOR
---------------------------------------------------------------------------------------------------------
2. Marina V.N. Whitman Management FOR FOR
---------------------------------------------------------------------------------------------------------
3. Charles R. Williamson Management FOR FOR
---------------------------------------------------------------------------------------------------------
2. Ratification of appointment of PricewaterhouseCoopers LLP as
independent auditors. Management FOR FOR
---------------------------------------------------------------------------------------------------------
3. Approval of the 2004 management incentive plan. Management FOR FOR
---------------------------------------------------------------------------------------------------------
4. Approval of the 2004 directors' deferred compensation and
restricted stock unit award plan. Management FOR FOR
---------------------------------------------------------------------------------------------------------
5. Stockholder proposal: bylaw requiring that the chairman not
concurrently serve as CEO. Stockholder AGAINST FOR
---------------------------------------------------------------------------------------------------------
6. Stockholder proposal: use of restricted stock programs for
executive compensation in lieu of stock options. Stockholder AGAINST FOR
---------------------------------------------------------------------------------------------------------
7. Stockholder proposal: board of directors office for direct
communications with independent directors regarding corporate Stockholder AGAINST FOR
governance.
---------------------------------------------------------------------------------------------------------
8. Stockholder proposal: board of directors committee report on
greenhouse gases. Stockholder AGAINST FOR
---------------------------------------------------------------------------------------------------------
================================================================================
Issuer: Transport Corporation of America, Inc. CUSIP: 89385P 10 2
Ticker: TCAM
Meeting Date: 5/27/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. To elect the following nominees for the Board of Directors:
---------------------------------------------------------------------------------------------------------
1. Anton J. Christianson Management FOR FOR
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2. William P. Murane Management FOR FOR
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3. Charles M. Osborne Management FOR FOR
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4. Michael J. Paxton Management FOR FOR
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5. Kenneth J. Roering Management FOR FOR
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6. William D. Slattery Management FOR FOR
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2. Proposal to amend the Transport Corporation of America 1995
Stock Plan to permit awards of restricted stock under the plan. Management FOR FOR
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================================================================================
Issuer: CarMax, Inc. CUSIP: 143130 10 2
Ticker: KMX
Meeting Date: 6/29/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
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1. To elect the following nominees for the Board of Directors:
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1. Keith D. Browning Management FOR FOR
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2. James F. Clingman, Jr. Management FOR FOR
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3. Hugh G. Robinson Management FOR FOR
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4. Richard L. Sharp Management FOR FOR
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5. Thomas G. Stemberg Management FOR FOR
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2. Proposal to approve an amendment to the CarMax, Inc. 2002 Management FOR FOR
employee stock purchase plan.
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================================================================================
Issuer: Kerr-McGee Corporation CUSIP: 492386 10 7
Ticker: KMG
Meeting Date: 6/25/04
For/
Proposed Fund Against
Matter Voted On By Vote Mgt.
---------------------------------------------------------------------------------------------------------
1. Approval of the issuance of shares of Kerr-McGee Corporation
common stock in connection with the merger of Westport Resources
Corporation with and into Kerr-McGee (Nevada) LLC, a wholly owned Management FOR FOR
subsidiary of Kerr-McGee Corporation.
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================================================================================
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.
(Registrant) Central Securities Corporation
By (Signature and Title) /s/ Wilmot H. Kidd
----------------------------------
Wilmot H. Kidd
President
Date August 16, 2004