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OMB Number: 3235-0582
Expires: March 31, 2006
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-1537
Sterling Capital Corporation
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(Exact name of registrant as specified in charter)
635 Madison Avenue, New York, New York 10022
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(Address of principal executive offices)
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(Name and address of agent for service)
Registrant's telephone number, including area code: (212) 980-3360
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Date of fiscal year end: December 31
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Date of reporting period: July 1, 2003 - June 30, 2004
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Form N-PX is to be used by a registered management investment company,
other than a small business investment company registered on Form N-5 (s.s.
239.24 and s.s. 274.5 of this chapter), to file reports with the Commission, not
later than August 31 of each year, containing the registrant's proxy voting
record for the most recent twelve-month period ended June 30, pursuant to
section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder
(17CFR 270.30b1-4). The Commission may use the information provided on Form N-PX
in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form
N-PX, and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-PX
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street,
NW, Washington, DC 20549-0609. The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. s.s. 3507.
STERLING CAPITAL CORPORATION
PROXY VOTES
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ---- -------- -- ----- ---------- ----
Amli Residential AML 001735109 4/26/2004 Nominees for directors Directors Yes For For
Amli Residential AML 001735109 4/26/2004 Auditors Directors Yes For For
Advanced Micro Devices AMD 007903107 4/29/2004 Nominees for directors Directors Yes For For
Advanced Micro Devices AMD 007903107 4/29/2004 Auditors Directors Yes For For
Advanced Micro Devices AMD 007903107 4/29/2004 2004 Equity Incentive Plan Directors Yes For For
Allstate Corp. ALL 020002101 5/18/2004 Nominees for directors Directors Yes For For
Allstate Corp. ALL 020002101 5/18/2004 Auditors Directors Yes For For
Allstate Corp. ALL 020002101 5/18/2004 Employee Incentive Comp. Plan Directors Yes For For
Allstate Corp. ALL 020002101 5/18/2004 Executive Incentive Comp. Plan Directors Yes For For
Allstate Corp. ALL 020002101 5/18/2004 Cum. voting for Bd of Directors Stockholders Yes For Against
Black and Decker BDK 091797100 4/27/2004 Nominees for directors Directors Yes For For
Black and Decker BDK 091797100 4/27/2004 Auditors Directors Yes For For
Black and Decker BDK 091797100 4/27/2004 2004 Restricted Stock Plan Directors Yes For For
Black and Decker BDK 091797100 4/27/2004 Replacement of current system Stockholders Yes Against Against
for Executive Compensation
Boots and Coots Intl WEL 099469504 5/19/2004 Nominees for directors Directors Yes For For
Boots and Coots Intl WEL 099469504 5/19/2004 2004 long-term Incentive Plan Directors Yes For For
Boots and Coots Intl WEL 099469504 5/19/2004 Non-employee director Directors Yes For For
Stock Option Plan
Camden Property Trust CPT 133131102 5/5/2004 Nominees for directors Directors Yes For For
Check Point Software CHKP M22465104 6/30/2004 Election of directors Directors Yes For For
Check Point Software CHKP M22465104 6/30/2004 Ratify financial statements Directors Yes For For
Check Point Software CHKP M22465104 6/30/2004 Public Accountants Directors Yes For For
Check Point Software CHKP M22465104 6/30/2004 Directors compensation Directors Yes For For
Check Point Software CHKP M22465104 6/30/2004 Executive Officers compensation Directors Yes For For
Cisco Systems Inc. CSCO 17275R102 11/11/2003 Nominees for directors Directors Yes For For
Cisco Systems Inc. CSCO 17275R102 11/11/2003 Employee/stock purchase plan Directors Yes For For
Cisco Systems Inc. CSCO 17275R102 11/11/2003 Auditors Directors Yes For For
Cisco Systems Inc. CSCO 17275R102 11/11/2003 Hardware/Software report/yearly Shareholders Yes Against Against
Cisco Systems Inc. CSCO 17275R102 11/11/2003 Executive compensation report Shareholders Yes Against Against
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ---- -------- -- ----- ---------- ----
Conagra Inc. CAG 205887102 9/25/2003 Nominees for directors Directors Yes For For
Conagra Inc. CAG 205887102 9/25/2003 Auditors Directors Yes For For
Conagra Inc. CAG 205887102 9/25/2003 Genetically Engineered Food Stockholders Yes Against Against
Conagra Inc. CAG 205887102 9/25/2003 Stk Option Plan changes Stockholders Yes Against Against
Conagra Inc. CAG 205887102 9/25/2003 Stockholder Rights Plan Stockholders Yes Against Against
ConocoPhillips COP 20825C104 5/5/2004 Nominees for directors Directors Yes For For
ConocoPhillips COP 20825C104 5/5/2004 Auditors Directors Yes For For
ConocoPhillips COP 20825C104 5/5/2004 2004 Stock/Perf. Incentive Plan Directors Yes For For
ConocoPhillips COP 20825C104 5/5/2004 Officers/Directors Compensation Stockholders Yes Against Against
ConocoPhillips COP 20825C104 5/5/2004 Executive Compensation Stockholders Yes Against Against
ConocoPhillips COP 20825C104 5/5/2004 ANWR Drilling Stockholders Yes Against Against
E.I. Du Pont De Nemours DD 263534109 4/28/2004 Nominees for directors Directors Yes For For
E.I. Du Pont De Nemours DD 263534109 4/28/2004 Accountants Directors Yes For For
E.I. Du Pont De Nemours DD 263534109 4/28/2004 Government service Stockholders Yes Against Against
E.I. Du Pont De Nemours DD 263534109 4/28/2004 Intl workplace standards Stockholders Yes Against Against
E.I. Du Pont De Nemours DD 263534109 4/28/2004 Executive compensation Stockholders Yes Against Against
Equity Office Properties EOP 294741103 5/19/2004 Nominees for directors Directors Yes For For
Equity Office Properties EOP 294741103 5/19/2004 Auditors Directors Yes For For
Equity Residential EQR 29476L107 5/28/2004 Nominees for directors Directors Yes For For
Equity Residential EQR 29476L107 5/28/2004 Remove Anti-Takeover Defense Directors Yes For For
Equity Residential EQR 29476L107 5/28/2004 Auditors Directors Yes For For
FalconStor Software FALC 306137100 5/14/2004 Nominees for directors Directors Yes For For
FalconStor Software FALC 306137100 5/14/2004 2004 outside directors Stock Directors Yes For For
Option Plan
FalconStor Software FALC 306137100 5/14/2004 Amend 2000 Stock Option Plan Directors Yes For For
FalconStor Software FALC 306137100 5/14/2004 Accountants Directors Yes For For
Honeywell International HON 438516106 4/26/2004 Nominees for directors Directors Yes For For
Honeywell International HON 438516106 4/26/2004 Accountants Directors Yes For For
Honeywell International HON 438516106 4/26/2004 Election of Directors Shareholders Yes For Against
Honeywell International HON 438516106 4/26/2004 Shareholder voting provision Shareholders Yes For Against
Honeywell International HON 438516106 4/26/2004 Shareowner Input -Golden Shareholders Yes For Against
Parachutes
Honeywell International HON 438516106 4/26/2004 Pay disparity resolution Shareholders Yes Against Against
Honeywell International HON 438516106 4/26/2004 Cumulative Voting Shareholders Yes For Against
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ---- -------- -- ----- ---------- ----
JP Morgan Chase JPM 46625H100 5/25/2004 Nominees for directors Directors Yes For For
JP Morgan Chase JPM 46625H100 5/25/2004 Merger Proposal with Bank One Directors Yes For For
JP Morgan Chase JPM 46625H100 5/25/2004 External Auditors Directors Yes For For
JP Morgan Chase JPM 46625H100 5/25/2004 Key executive performance plan Directors Yes For For
JP Morgan Chase JPM 46625H100 5/25/2004 Adjournment of meeting Directors Yes For For
JP Morgan Chase JPM 46625H100 5/25/2004 Director Term Limit Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/25/2004 Charitable contributions Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/25/2004 Political contributions Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/25/2004 Separate Chairman/CEO Shareholders Yes For Against
JP Morgan Chase JPM 46625H100 5/25/2004 Derivative disclosure Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/25/2004 Auditor Independence Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/25/2004 Director of Compensation Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/25/2004 Pay disparity Shareholders Yes Against Against
Keycorp KEY 493267108 5/13/2004 Nominees for directors Directors Yes For For
Keycorp KEY 493267108 5/13/2004 2004 equity compensation plan Directors Yes For For
Keycorp KEY 493267108 5/13/2004 Annual performance plan Directors Yes For For
Keycorp KEY 493267108 5/13/2004 Auditors Directors Yes For For
Marathon Oil Corp. MRO 565849106 4/28/2004 Nominees for directors Directors Yes For For
Marathon Oil Corp. MRO 565849106 4/28/2004 Auditors Directors Yes For For
Marathon Oil Corp. MRO 565849106 4/28/2004 Adopt climate change resolution Shareholders Yes Against Against
Marathon Oil Corp. MRO 565849106 4/28/2004 Limit severance/senior executives Shareholders Yes Against Against
May Department Stores MAY 577778103 5/21/2004 Nominees For directors Directors Yes For For
May Department Stores MAY 577778103 5/21/2004 Accountants Directors Yes For For
May Department Stores MAY 577778103 5/21/2004 Amend exec incentive comp plan Directors Yes For For
May Department Stores MAY 577778103 5/21/2004 Amend 1994 stock incentive plan Directors Yes For For
May Department Stores MAY 577778103 5/21/2004 Classified Board Shareholders Yes For Against
Mellon Financial Corp. MEL 58551A108 4/20/2004 Nominees for directors Directors Yes For For
Mellon Financial Corp. MEL 58551A108 4/20/2004 Long-term profit incentive plan Directors Yes For For
Mellon Financial Corp. MEL 58551A108 4/20/2004 Accountants Directors Yes For For
Merck & Co. MRK 589331107 4/27/2004 Nominees for directors Directors Yes For For
Merck & Co. MRK 589331107 4/27/2004 Auditors Directors Yes For For
Merck & Co. MRK 589331107 4/27/2004 Declassify Board of Directors Directors Yes For For
Merck & Co. MRK 589331107 4/27/2004 Management compensation Shareholders Yes Against Against
Merck & Co. MRK 589331107 4/27/2004 Extend prescription drug patents Shareholders Yes Against Against
Merck & Co. MRK 589331107 4/27/2004 Ethics/Social performance Shareholders Yes Against Against
Merck & Co. MRK 589331107 4/27/2004 Resources for political purposes Shareholders Yes Against Against
Merck & Co. MRK 589331107 4/27/2004 HIV/AIDS pandemic Shareholders Yes Against Against
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ---- -------- -- ----- ---------- ----
MetLife Inc. MET 59156R108 4/27/2004 Nominees for directors Directors No N/A For
MetLife Inc. MET 59156R108 4/27/2004 2005 Stock/Incentive Comp Plan Directors No N/A For
MetLife Inc. MET 59156R108 4/27/2004 Variable incentive plan Directors No N/A For
MetLife Inc. MET 59156R108 4/27/2004 Non-management stock comp plan Directors No N/A For
MetLife Inc. MET 59156R108 4/27/2004 Auditors Directors No N/A For
MetLife Inc. MET 59156R108 4/27/2004 CEO compensation Shareholders No N/A Against
Newell Rubbermaid NWL 651229106 5/12/2004 Nominees for directors Directors Yes For For
Newell Rubbermaid NWL 651229106 5/12/2004 Accountants Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Nominees for directors Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Income statements/Balance Sheets Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Approval dividend of EUR 0.30 Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Discharge of liability Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Auditors Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Reduce share capital/cancel shares Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Approval/increase share capital Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Approval/repurchase Nokia shares Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Approval/dispose of Nokia shares Directors Yes For For
Nokia Corporation NOK 654902204 3/25/04 Increase capital of the foundation Directors Yes For For
Philips Electronics, N.V.PHG 500472105 03/25/04 2003 financial statements Directors No N/A For
Philips Electronics, N.V PHG 500472105 03/25/04 Dividend of EUR 0.36 per share Directors No N/A For
Philips Electronics, N.V PHG 500472105 03/25/04 Discharge of responsibilities of Directors No N/A For
Board of Management
Philips Electronics, N.V PHG 500472105 03/25/04 Discharge of responsibilities of Directors No N/A For
Supervisory Board
Philips Electronics, N.V PHG 500472105 03/25/04 Re-appointment of Mr. Van Miert Directors No N/A For
Philips Electronics, N.V PHG 500472105 03/25/04 Appointment of Mr. Kist Directors No N/A For
Philips Electronics, N.V PHG 500472105 03/25/04 Remuneration Policy Directors No N/A For
Philips Electronics, N.V PHG 500472105 03/25/04 Stock Options/Restricted shares Directors No N/A For
Philips Electronics, N.V PHG 500472105 03/25/04 Issue shares/Pre-emptive rights Directors No N/A For
Philips Electronics, N.V.PHG 500472105 03/25/04 Auth Mgmt to acquire shares in Co Directors No N/A For
Philips Electronics, NV. PHG 500472105 03/25/04 Auth Mgmt to determine record Directors No N/A For
date
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ---- -------- -- ----- ---------- ----
Pfizer Inc. PFE 717081103 4/22/04 Nominees for directors Directors Yes For For
Pfizer Inc. PFE 717081103 4/22/04 Auditors Directors Yes For For
Pfizer Inc. PFE 717081103 4/22/04 2004 stock plan Directors Yes For For
Pfizer Inc. PFE 717081103 4/22/04 Pandemics/business strategy Shareholders Yes Against Against
Pfizer Inc. PFE 717081103 4/22/04 Political contributions Shareholders Yes Against Against
Pfizer Inc. PFE 717081103 4/22/04 Resources for Political entities Shareholders Yes Against Against
Pfizer Inc. PFE 717081103 4/22/04 Term limits on Directors Shareholders Yes Against Against
Pfizer Inc. PFE 717081103 4/22/04 Access to Pfizer products Shareholders Yes Against Against
Pfizer Inc. PFE 717081103 4/22/04 Stock options Shareholders Yes Against Against
Pfizer Inc. PFE 717081103 4/22/04 Invitro testing Shareholders Yes Against Against
Ryder System Inc. R 783549108 5/7/2004 Nominees for directors Directors Yes For For
Ryder System Inc. R 783549108 5/7/2004 Auditors Directors Yes For For
St. Joe Company JOE 790161103 5/18/2004 Nominees for directors Directors Yes For For
St. Joe Company JOE 790161103 5/18/2004 Eliminate pre-emptive rights Directors Yes For For
St. Joe Company JOE 790161103 5/18/2004 Auditors Directors Yes For For
Sara Lee Corp. SLE 803111103 10/30/2003 Nominees for directors Directors Yes For For
Sara Lee Corp. SLE 803111103 10/30/2003 Accountants Directors Yes For For
Sara Lee Corp. SLE 803111103 10/30/2003 Charitable contributions Shareholders Yes Against Against
Sara Lee Corp. SLE 803111103 10/30/2003 Code of conduct Shareholders Yes Against Against
Travelers Property
Casualty TAPA 89420G109 3/19/2004 Merger with St. Paul Companies Directors Yes For For
Verizon Communications VZ 92343V104 4/28/2004 Nominees for directors Directors Yes For For
Verizon Communications VZ 92343V104 4/28/2004 Auditor Directors Yes For For
Verizon Communications VZ 92343V104 4/28/2004 Cumulative Voting Shareholders Yes For Against
Verizon Communications VZ 92343V104 4/28/2004 Board composition Shareholders Yes Against Against
Verizon Communications VZ 92343V104 4/28/2004 Separate Chairman/CEO Shareholders Yes For Against
Verizon Communications VZ 92343V104 4/28/2004 Future poison pill Shareholders Yes For Against
Verizon Communications VZ 92343V104 4/28/2004 Executive retirement plans Shareholders Yes Against Against
Verizon Communications VZ 92343V104 4/28/2004 Stock grants/tracking stock Shareholders Yes Against Against
Verizon Communications VZ 92343V104 4/28/2004 Option grants report/employees Shareholders Yes Against Against
Verizon Communications VZ 92343V104 4/28/2004 Political contributions report Shareholders Yes Against Against
Verizon Communications VZ 92343V104 4/28/2004 Universal service/number Shareholders Yes Against Against
portability fees
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ---- -------- -- ----- ---------- ----
Viacom Inc. Class A VIA 925524100 5/19/2004 Nominees for directors Directors Yes For For
Viacom Inc. Class A VIA 925524100 5/19/2004 Auditor Directors Yes For For
Viacom Inc. Class A VIA 925524100 5/19/2004 2004 Management Incentive Plan Directors Yes Against For
Viacom Inc. Class A VIA 925524100 5/19/2004 Amended & Restated Stock option Directors Yes For For
Plan/outside directors
Wilmington Trust WL 971807102 4/15/2004 Nominees for directors Directors Yes For For
Wilmington Trust WL 971807102 4/15/2004 Employee Stk Purchase Plan 2004 Directors Yes For For
Wilmington Trust WL 971807102 4/15/2004 Executive Incentive Plan 2004 Directors Yes For For
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant STERLING CAPITAL CORPORATION
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BY (SIGNATURE AND TITLE)* /s/ Wayne S. Reisner
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Wayne S. Reisner, Principal Executive Officer
(Principal Executive Officer)
Date: August 27, 2004
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* Print the name and title of each signing officer under his or her signature.