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
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Sterling Capital Corporation
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(Exact name of registrant as specified in charter)
100 Wall Street, 11th Floor, New York, New York 10005
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(Address of principal executive offices)
Michael Carey, Treasurer
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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, 2004 - June 30, 2005
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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 VOTING RECORD
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
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Advanced Micro Devices AMD 007903107 4/28/2005 Nominees for directors Directors Yes For For
Advanced Micro Devices AMD 007903107 4/28/2005 Accountants Directors Yes For For
Advanced Micro Devices AMD 007903107 4/28/2005 Amend corporate documents Shareholders Yes For Against
Advanced Micro Devices AMD 007903107 4/28/2005 Stock option expensing Shareholders Yes For Against
The Allstate Corporation ALL 020002101 5/17/2005 Nominees for directors Directors Yes For For
The Allstate Corporation ALL 020002101 5/17/2005 Auditors Directors Yes For For
The Allstate Corporation ALL 020002101 5/17/2005 Cumulative voting Board of Dirs. Shareholders Yes For Against
Amli Residential Prop Tr AML 001735109 4/25/2005 Nominees for directors Directors Yes For For
Amli Residential Prop Tr AML 001735109 4/25/2005 Eliminate the classification Directors Yes For For
of the Board of Trustees
Amli Residential AML 001735109 4/25/2005 Accountants Directors Yes For For
Camden Property Trust CPT 133131102 2/28/2005 Issuance of Shares/Plan of Merger Directors Yes For For
Camden Property Trust CPT 133131102 5/06/2005 Nominees for directors Directors Yes For For
Cisco Systems, Inc. CSCO 17275R102 11/18/2004 Nominees for directors Directors Yes For For
Cisco Systems, Inc. CSCO 17275R102 11/18/2004 Accountants Directors Yes For For
Cisco Systems, Inc. CSCO 17275R102 11/18/2004 Review executive compensation Shareholders Yes Against Against
Policies
Citigroup, Inc. C 172967101 4/19/2005 Nominees for directors Directors Yes For For
Citigroup, Inc. C 172967101 4/19/2005 Accountants Directors Yes For For
Citigroup, Inc. C 172967101 4/19/2005 Stock incentive plan Directors Yes For For
Citigroup, Inc. C 172967101 4/19/2005 Curb executive compensation Shareholders Yes Against Against
Citigroup, Inc. C 172967101 4/19/2005 Political contributions Shareholders Yes Against Against
Citigroup, Inc. C 172967101 4/19/2005 Chairman of the Board should Shareholders Yes For Against
not have management
duties/titles
Citigroup, Inc. C 172967101 4/19/2005 Limit on CEO compensation Shareholders Yes Against Against
Citigroup, Inc. C 172967101 4/19/2005 Election of director nominees by Shareholders Yes For Against
majority votes cast
Citigroup, Inc. C 172967101 4/19/2005 Prohibit payment of non-deductible Shareholders Yes Against Against
officer compensation unless
prior stockholder approval is
granted
Citigroup, Inc. C 172967101 4/19/2005 Majority vote on each issue that Shareholders Yes For Against
can be subject to shareholder
vote
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ------- -------- -------- ----- ---------- -----------
Conagra Foods, Inc. CAG 205887102 9/23/2004 Nominees for directors Directors Yes For For
Conagra Foods, Inc. CAG 205887102 9/23/2004 Auditors Directors Yes For For
Conagra Foods, Inc. CAG 205887102 9/23/2004 Executive incentive plan Directors Yes For For
Conagra Foods, Inc. CAG 205887102 9/23/2004 Suspension of stock grants for Shareholders Yes Against Against
directors and senior executives
ConocoPhillips COP 20825C104 5/05/2005 Nominees for directors Directors Yes For For
ConocoPhillips COP 20825C104 5/05/2005 Accountants Directors Yes For For
ConocoPhillips COP 20825C104 5/05/2005 Compensation limitations Shareholders Yes Against Against
ConocoPhillips COP 20825C104 5/05/2005 Director election vote standard Shareholders Yes For Against
E.I. DuPont De Nemours DD 263534109 4/27/2005 Nominees for directors Directors Yes For For
E.I. DuPont De Nemours DD 263534109 4/27/2005 Accountants Directors Yes For For
E.I. DuPont De Nemours DD 263534109 4/27/2005 Government service Shareholders Yes Against Against
E.I. DuPont De Nemours DD 263534109 4/27/2005 Int'l workplace standards Shareholders Yes Against Against
E.I. DuPont De Nemours DD 263534109 4/27/2005 Executive compensation Shareholders Yes Against Against
E.I. DuPont De Nemours DD 263534109 4/27/2005 Animal testing Shareholders Yes Against Against
E.I. DuPont De Nemours DD 263534109 4/27/2005 Genetically modified food Shareholders Yes Against Against
E.I. DuPont De Nemours DD 263534109 4/27/2005 Performance based options Shareholders Yes Against Against
E.I. DuPont De Nemours DD 263534109 4/27/2005 Disclosure of PFOA costs Shareholders Yes Against Against
Equity Office Properties EOP 294741103 5/24/2005 Nominees for directors Directors Yes For For
Equity Office Properties EOP 294741103 5/24/2005 Auditors Directors Yes For For
Equity Residential EQR 29476L107 5/26/2005 Nominees for directors Directors Yes For For
Equity Residential EQR 29476L107 5/26/2005 Auditors Directors Yes For For
FalconStor Software FALC 306137100 5/10/2005 Nominees for directors Directors Yes For For
FalconStor Software FALC 306137100 5/10/2005 Accountants Directors Yes For For
Honeywell International HON 438516106 4/25/2005 Nominees for directors Directors Yes For For
Honeywell International HON 438516106 4/25/2005 Accountants Directors Yes For For
Honeywell International HON 438516106 4/25/2005 Eliminate classified structure Directors Yes For For
of Board of Directors
Honeywell International HON 438516106 4/25/2005 Eliminate supermajority voting Directors Yes For For
provisions
Honeywell International HON 438516106 4/25/2005 Majority vote shareholder Shareholders Yes Against Against
Committee
Honeywell International HON 438516106 4/25/2005 Separation Chairman/CEO Shareholders Yes For Against
Honeywell International HON 438516106 4/25/2005 Executive pay disparity report Shareholders Yes Against Against
Honeywell International HON 438516106 4/25/2005 Executive compensation limit Shareholders Yes Against Against
Honeywell International HON 438516106 4/25/2005 Executive compensation Shareholders Yes Against Against
framework proposal
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ------- -------- -------- ----- ---------- -----------
Intel Corporation INTC 458140100 5/18/2005 Nominees for directors Directors Yes For For
Intel Corporation INTC 458140100 5/18/2005 Accountants Directors Yes For For
Intel Corporation INTC 458140100 5/18/2005 2004 Equity Incentive Plan Directors Yes For For
Intel Corporation INTC 458140100 5/18/2005 Executive Officer Incentive Plan Directors Yes For For
JP Morgan Chase JPM 46625H100 5/17/2005 Nominees for directors Directors Yes For For
JP Morgan Chase JPM 46625H100 5/17/2005 Accountants Directors Yes For For
JP Morgan Chase JPM 46625H100 5/17/2005 2005 L.T. Incentive Plan Directors Yes For For
JP Morgan Chase JPM 46625H100 5/17/2005 Director Term Limits Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/17/2005 Separation of Chairman & CEO Shareholders Yes For Against
JP Morgan Chase JPM 46625H100 5/17/2005 Competitive Pay Shareholders Yes Against Against
JP Morgan Chase JPM 46625H100 5/17/2005 Management Bonuses Shareholders Yes Against Against
(recoup unearned)
KeyCorp KEY 493267108 5/05/2005 Nominees for directors Directors Yes For For
KeyCorp KEY 493267108 5/05/2005 Auditors Directors Yes For For
Marathon Oil Corp. MRO 565849106 4/27/2005 Nominees for directors Directors Yes For For
Marathon Oil Corp. MRO 565849106 4/27/2005 Auditors Directors Yes For For
Marathon Oil Corp. MRO 565849106 4/27/2005 Declassify Board of Directors Shareholders Yes For Against
Marathon Oil Corp. MRO 565849106 4/27/2005 Elect directors by majority vote Shareholders Yes For Against
Mellon Financial Corp. MEL 58551A108 4/19/2005 Nominees for directors Directors Yes For For
Mellon Financial Corp. MEL 58551A108 4/19/2005 Accountants Directors Yes For For
MetLife, Inc. MET 59156R108 4/26/2005 Nominees for directors Directors Yes For For
MetLife, Inc. MET 59156R108 4/26/2005 Auditors Directors Yes For For
MetLife, Inc. MET 59156R108 4/26/2005 Establish Board Committee to Shareholders Yes Against Against
review sales practices
Newell Rubbermaid NWL 651229106 5/11/2005 Nominees for directors Directors Yes For For
Newell Rubbermaid NWL 651229106 5/11/2005 Accountants Directors Yes For For
Newell Rubbermaid NWL 651229106 5/11/2005 Classifed Board of Directors Shareholders Yes For Against
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ------- -------- -------- ----- ---------- -----------
Nokia Corporation NOK 654902204 4/07/2005 Nominees for directors Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Approval of income statements Directors Yes For For
and balance sheet
Nokia Corporation NOK 654902204 4/07/2005 Approval of dividend EUR 0.33 Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Discharge of liability Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Composition of the Board Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Remuneration to be paid/Auditor Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Auditors Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Granting stock options Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Reduce share capital/cancel shares Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Increase share capital of company Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Board to repurchase Nokia shares Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Dispose Nokia shares held by co. Directors Yes For For
Nokia Corporation NOK 654902204 4/07/2005 Instructs legal counsel to vote Directors Yes For ----
their discretion on #15
Pfizer, Inc. PFE 717081103 4/28/2005 Nominees for directors Directors Yes For For
Pfizer, Inc. PFE 717081103 4/28/2005 Accountants Directors Yes For For
Pfizer, Inc. PFE 717081103 4/28/2005 Term limits for directors Shareholders Yes Against Against
Pfizer, Inc. PFE 717081103 4/28/2005 Report on increasing access to Shareholders Yes Against Against
Pfizer products
Pfizer, Inc. PFE 717081103 4/28/2005 Importation of prescription drugs Shareholders Yes Against Against
Pfizer, Inc. PFE 717081103 4/28/2005 Political contributions Shareholders Yes Against Against
Pfizer, Inc. PFE 717081103 4/28/2005 Product availability in Canada Shareholders Yes Against Against
Pfizer, Inc. PFE 717081103 4/28/2005 Separate Chairman & CEO and Shareholders Yes For Against
access to pharmaceutical
products
Ryder System Inc. R 783549108 5/06/2005 Nominees for directors Directors Yes For For
Ryder System Inc. R 783549108 5/06/2005 Auditors Directors Yes For For
Ryder System Inc. R 783549108 5/06/2005 2005 Equity Compensation Plan Directors Yes For For
Ryder System Inc. R 783549108 5/06/2005 Amendment to stock purchase plan Directors Yes For For
for employees to increase the
number of shares issuable under
the plan by 1,000,000
Sara Lee Corporation SLE 803111103 10/28/2004 Nominees for directors Directors Yes For For
Sara Lee Corporation SLE 803111103 10/28/2004 Auditors Directors Yes For For
Sara Lee Corporation SLE 803111103 10/28/2004 Charitable contributions Shareholders Yes Against Against
RECOMMENDED
MEETING MATTER PROPOSED REGISTRANT MANAGEMENT
SECURITY SYM CUSIP DATE VOTED ON BY VOTED VOTE VOTE
-------- --- ----- ------- -------- -------- ----- ---------- -----------
St. Paul's Travelers STA 792860108 5/03/2005 Nominees for directors Directors Yes For For
St. Paul's Travelers STA 792860108 5/03/2005 Accountants Directors Yes For For
Time Warner Inc. TWX 887317105 5/20/2005 Nominees for directors Directors Yes For For
Time Warner Inc. TWX 887317105 5/20/2005 Auditors Directors Yes For For
Time Warner Inc. TWX 887317105 5/20/2005 Pay Comparison Stockholders Yes Against Against
Tribune Company TRB 896047107 5/18/2005 Nominees for directors Directors Yes For For
Tribune Company TRB 896047107 5/18/2005 Accountants Directors Yes For For
Verizon Communications VZ 92343V104 5/05/2005 Nominees for directors Directors Yes For For
Verizon Communications VZ 92343V104 5/05/2005 Accountants Directors Yes For For
Verizon Communications VZ 92343V104 5/05/2005 Cumulative Voting Shareholders Yes For Against
Verizon Communications VZ 92343V104 5/05/2005 Majority Vote Election/Directors Shareholders Yes For Against
Verizon Communications VZ 92343V104 5/05/2005 Board Composition Shareholders Yes Against Against
Verizon Communications VZ 92343V104 5/05/2005 Separate Chairman & CEO Shareholders Yes For Against
Verizon Communications VZ 92343V104 5/05/2005 Directors Liability Shareholders Yes Against Against
Verizon Communications VZ 92343V104 5/05/2005 Political contributions Shareholders Yes Against Against
Viacom, Inc. VIA 925524100 5/26/2005 Nominees for directors Directors Yes For For
Viacom, Inc. VIA 925524100 5/26/2005 Auditors Directors Yes For For
Viacom, Inc. VIA 925524100 5/26/2005 Sr Exec. short-term Incentive Directors Yes Against For
Plan
Viacom, Inc. VIA 925524100 5/26/2005 RSU Plan/Outside Directors Directors Yes For For
Wilmington Trust WL 971807102 4/21/2005 Nominees for directors Directors Yes For For
Wilmington Trust WL 971807102 4/21/2005 2005 long-term incentive plan 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 23, 2005
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* Print the name and title of each signing officer under his or her signature.