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 : 811-05379
Name of Registrant: Royce Focus Trust, Inc.
Address of Principal Executive Offices:
745 Fifth Avenue, New York, NY 10151
Registrant's telephone number including area code:
212-508-4500
Date of fiscal year end:
12/31/10
Date of reporting period:
07/01/2009 - 06/30/2010
Item 1. Proxy Voting Record
The report may indicate that the "meeting status" of a particular proposal was "take no action".
The reason for no action being taken, i.e., no vote being cast, may include among other things,
(a) the securities were out on loan at the time of a record date, (b) administrative or
operational constraints impeded the ability to cast a timely vote, such as late receipt of
proxy voting information, (c) systems, administrative or processing errors occurred (including
errors by the Adviser or third party vendors), and/or (d) the portfolio manager concluded that
the potential benefit of voting was outweighed by the cost, and not in the best interest of the
Fund.
Fund Name : Royce Focus Trust, Inc.
Date of fiscal year end: 12/31/10
ADTRAN, Inc.
Ticker Security ID: Meeting Date Meeting Status
ADTN CUSIP 00738A106 05/05/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Thomas Stanton Mgmt For For For
1.2 Elect H. Fenwick Huss Mgmt For For For
1.3 Elect Ross Ireland Mgmt For For For
1.4 Elect William Marks Mgmt For For For
1.5 Elect James Matthews Mgmt For For For
1.6 Elect Balan Nair Mgmt For For For
1.7 Elect Roy Nichols Mgmt For For For
2 Amendment to the 2005 Directors Mgmt For For For
Stock Option
Plan
3 Ratification of Auditor Mgmt For For For
Alamos Gold Inc.
Ticker Security ID: Meeting Date Meeting Status
AGI CUSIP 011527108 06/02/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Board Size Mgmt For For For
2.1 Elect Mark Wayne Mgmt For For For
2.2 Elect John McCluskey Mgmt For For For
2.3 Elect Leonard Harris Mgmt For For For
2.4 Elect James McDonald Mgmt For For For
2.5 Elect David Gower Mgmt For For For
2.6 Elect Eduardo Luna Mgmt For For For
2.7 Elect Paul Murphy Mgmt For For For
3 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
Artio Global
Investors
Inc.
Ticker Security ID: Meeting Date Meeting Status
ART CUSIP 04315B107 05/11/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Elect Duane Kullberg Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Berkshire
Hathaway
Inc.
Ticker Security ID: Meeting Date Meeting Status
BRK.A CUSIP 084670702 05/01/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Warren Buffett Mgmt For For For
1.2 Elect Charles Munger Mgmt For For For
1.3 Elect Howard Buffett Mgmt For For For
1.4 Elect Stephen Burke Mgmt For For For
1.5 Elect Susan Decker Mgmt For For For
1.6 Elect William Gates III Mgmt For For For
1.7 Elect David Gottesman Mgmt For For For
1.8 Elect Charlotte Guyman Mgmt For For For
1.9 Elect Donald Keough Mgmt For For For
1.10 Elect Thomas Murphy Mgmt For For For
1.11 Elect Ronald Olson Mgmt For For For
1.12 Elect Walter Scott, Jr. Mgmt For For For
Coach, Inc.
Ticker Security ID: Meeting Date Meeting Status
COH CUSIP 189754104 11/05/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Lew Frankfort Mgmt For For For
1.2 Elect Susan Kropf Mgmt For For For
1.3 Elect Gary Loveman Mgmt For For For
1.4 Elect Ivan Menezes Mgmt For For For
1.5 Elect Irene Miller Mgmt For Withhold Against
1.6 Elect Michael Murphy Mgmt For Withhold Against
1.7 Elect Jide Zeitlin Mgmt For For For
2 Amendment to the 2004 Stock Mgmt For For For
Incentive Award
Plan
3 Shareholder Proposal Regarding ShrHldr Against Against For
Cessation of Fur Use in
Products
Endeavour
Financial
Corporation
Ticker Security ID: Meeting Date Meeting Status
EDV CUSIP G3040R109 11/10/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
2 Renewal of the Stock Option Plan Mgmt For For For
Endo
Pharmaceuticals
Holdings
Inc.
Ticker Security ID: Meeting Date Meeting Status
ENDP CUSIP 29264F205 05/26/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect John Delucca Mgmt For For For
1.2 Elect David Holveck Mgmt For For For
1.3 Elect Nancy Hutson Mgmt For For For
1.4 Elect Michael Hyatt Mgmt For For For
1.5 Elect Roger Kimmel Mgmt For For For
1.6 Elect William P. Montague Mgmt For For For
1.7 Elect Joseph Scodari Mgmt For For For
1.8 Elect William Spengler Mgmt For For For
2 2010 Stock Incentive Plan Mgmt For For For
3 Ratification of Auditor Mgmt For For For
Ensign Energy
Services
Inc.
Ticker Security ID: Meeting Date Meeting Status
ESI ISIN CA2935701078 05/26/2010 Voted
Meeting Type Country of Trade
Annual Canada
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Board Size Mgmt For For For
2.1 Elect N. Murray Edwards Mgmt For For For
2.2 Elect Robert Geddes Mgmt For For For
2.3 Elect James Howe Mgmt For For For
2.4 Elect Len Kangas Mgmt For For For
2.5 Elect Selby Porter Mgmt For For For
2.6 Elect John Schroeder Mgmt For For For
2.7 Elect Kenneth Skirka Mgmt For For For
2.8 Elect Gail Surkan Mgmt For For For
2.9 Elect Barth Whitham Mgmt For For For
3 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
Exxon Mobil
Corporation
Ticker Security ID: Meeting Date Meeting Status
XOM CUSIP 30231G102 05/26/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Michael Boskin Mgmt For For For
1.2 Elect Peter Brabeck-Letmathe Mgmt For For For
1.3 Elect Larry Faulkner Mgmt For For For
1.4 Elect Jay Fishman Mgmt For For For
1.5 Elect Kenneth Frazier Mgmt For For For
1.6 Elect William George Mgmt For For For
1.7 Elect Marilyn Nelson Mgmt For For For
1.8 Elect Samuel Palmisano Mgmt For For For
1.9 Elect Steven Reinemund Mgmt For For For
1.10 Elect Rex Tillerson Mgmt For For For
1.11 Elect Edward Whitacre, Jr. Mgmt For For For
2 Ratification of Auditor Mgmt For For For
3 Shareholder Proposal Regarding Right ShrHldr Against Against For
to Call a Special
Meeting
4 Shareholder Proposal Regarding ShrHldr Against Against For
Reincorporation
5 Shareholder Proposal Regarding ShrHldr Against Against For
Advisory Vote on Compensation (Say
on
Pay)
6 Shareholder Proposal Regarding ShrHldr Against Against For
Adopting Sexual Orientation and
Gender Identity Anti-Bias
Policy
7 Shareholder Proposal Regarding Human ShrHldr Against Against For
Right to
Water
8 Shareholder Proposal Regarding ShrHldr Against Against For
Louisiana
Wetlands
9 Shareholder Proposal Regarding ShrHldr Against Against For
Report on Oil Sands
Operations
10 Shareholder Proposal Regarding ShrHldr Against Against For
Report on Hydraulic
Fracturing
11 Shareholder Proposal Regarding an ShrHldr Against Against For
Energy Technology
Report
12 Shareholder Proposal Regarding ShrHldr Against Against For
Greenhouse Gas Emissions
Goals
13 Shareholder Proposal Regarding ShrHldr Against Against For
Report on Future Energy
Trends
Franklin
Resources,
Inc.
Ticker Security ID: Meeting Date Meeting Status
BEN CUSIP 354613101 03/16/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Elect Samuel Armacost Mgmt For For For
2 Elect Charles Crocker Mgmt For For For
3 Elect Joseph Hardiman Mgmt For For For
4 Elect Robert Joffe Mgmt For For For
5 Elect Charles Johnson Mgmt For For For
6 Elect Gregory Johnson Mgmt For For For
7 Elect Rupert Johnson, Jr. Mgmt For For For
8 Elect Thomas Kean Mgmt For For For
9 Elect Chutta Ratnathicam Mgmt For For For
10 Elect Peter Sacerdote Mgmt For For For
11 Elect Laura Stein Mgmt For For For
12 Elect Anne Tatlock Mgmt For For For
13 Ratification of Auditor Mgmt For For For
14 Amendment to the 2002 Universal Mgmt For Abstain Against
Stock Incentive
Plan
Fresnillo plc
Ticker Security ID: Meeting Date Meeting Status
FRES CINS G371E2108 05/28/2010 Voted
Meeting Type Country of Trade
Annual United Kingdom
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Accounts and Reports Mgmt For For For
2 Allocation of Profits/Dividends Mgmt For For For
3 Directors' Remuneration Report Mgmt For For For
4 Appointment of Auditor Mgmt For For For
5 Authority to Set Auditor's Fees Mgmt For For For
6 Authority to Issue Shares w/ Mgmt For For For
Preemptive
Rights
7 Authority to Issue Shares w/o Mgmt For For For
Preemptive
Rights
8 Authority to Repurchase Shares Mgmt For For For
9 Authority to Set General Meeting Mgmt For For For
Notice Period to 14
Days
10 Adoption of New Articles Mgmt For For For
GameStop Corp.
Ticker Security ID: Meeting Date Meeting Status
GME CUSIP 36467W109 06/22/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect R. Richard Fontaine Mgmt For For For
1.2 Elect Jerome Davis Mgmt For For For
1.3 Elect Steven Koonin Mgmt For For For
1.4 Elect Stephanie Shern Mgmt For For For
2 Ratification of Auditor Mgmt For For For
GAMMON GOLD INC.
Ticker Security ID: Meeting Date Meeting Status
GAM CUSIP 36467T106 05/13/2010 Voted
Meeting Type Country of Trade
Special United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Election of Directors (Slate) Mgmt For For For
2 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
3 Amendment to Stock Option Plan Mgmt For For For
Regarding an Increase in Issuable
Shares
4 Amendment to Stock Option Plan Mgmt For For For
Regarding Change of Control
Provisions
5 Deferred Share Unit Plan Mgmt For For For
Gardner Denver,
Inc.
Ticker Security ID: Meeting Date Meeting Status
GDI CUSIP 365558105 05/04/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Frank Hansen Mgmt For For For
1.2 Elect Diane Schumacher Mgmt For For For
1.3 Elect Charles Szews Mgmt For For For
2 Ratification of Auditor Mgmt For For For
3 Approval of the Company's Executive Mgmt For For For
Annual Bonus
Plan
4 Shareholder Proposal Regarding ShrHldr Against Against For
Adopting Sexual Orientation and
Gender Identity Anti-Bias
Policy
GrafTech
International
Ltd.
Ticker Security ID: Meeting Date Meeting Status
GTI CUSIP 384313102 05/20/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Randy Carson Mgmt For For For
1.2 Elect Mary Cranston Mgmt For For For
1.3 Elect Harold Layman Mgmt For For For
1.4 Elect Ferrell McClean Mgmt For For For
1.5 Elect Michael Nahl Mgmt For For For
1.6 Elect Steven Shawley Mgmt For For For
1.7 Elect Craig Shular Mgmt For For For
2 Ratification of Auditor Mgmt For For For
3 Amendment to the 2005 Equity Mgmt For For For
Incentive
Plan
Industrias
Bachoco S.A.B.
de
C.V.
Ticker Security ID: Meeting Date Meeting Status
BACHCOB CUSIP 456463108 04/28/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Accounts and Reports Mgmt For For For
2 Report on Tax Compliance Mgmt For For For
3 Authority to Repurchase Shares Mgmt For For For
4 Allocation of Dividends Mgmt For For For
5 Election of Directors Mgmt For For For
6 Election of Board Committee Members Mgmt For For For
7 Directors' Fees Mgmt For For For
8 Election of Meeting Delegates Mgmt For For For
Intrepid Potash,
Inc.
Ticker Security ID: Meeting Date Meeting Status
IPI CUSIP 46121Y102 05/20/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Barth Whitham Mgmt For For For
1.2 Elect J. Landis Martin Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Ivanhoe Mines
Ltd.
Ticker Security ID: Meeting Date Meeting Status
IVN CUSIP 46579N103 05/07/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Robert Friedland Mgmt For For For
1.2 Elect Peter Meredith Mgmt For For For
1.3 Elect John Macken Mgmt For For For
1.4 Elect David Huberman Mgmt For For For
1.5 Elect Howard Balloch Mgmt For For For
1.6 Elect Markus Faber Mgmt For For For
1.7 Elect R. Edward Flood Mgmt For For For
1.8 Elect Robert Hanson Mgmt For For For
1.9 Elect Andrew Harding Mgmt For For For
1.10 Elect David Korbin Mgmt For For For
1.11 Elect Livia Mahler Mgmt For For For
1.12 Elect Kjeld Thygesen Mgmt For For For
2 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
3 Amendment to Articles Regarding Mgmt For For For
Board
Size
4 Elect Tracy Stevenson Mgmt For For For
5 Board Size Mgmt For For For
6 Amendment to Equity Incentive Plan Mgmt For For For
7 Shareholder Rights Plan Mgmt For For For
Ivanhoe Mines
Ltd.
Ticker Security ID: Meeting Date Meeting Status
IVN CUSIP 46579N103 10/20/2009 Voted
Meeting Type Country of Trade
Special United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Amendment to Private Placement Mgmt For For For
Agreement
Jacobs
Engineering
Group
Inc.
Ticker Security ID: Meeting Date Meeting Status
JEC CUSIP 469814107 01/28/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Elect Robert Davidson, Jr. Mgmt For For For
2 Elect Edward Fritzky Mgmt For For For
3 Elect Benjamin Montoya Mgmt For For For
4 Elect Peter Robertson Mgmt For For For
5 Ratification of Auditor Mgmt For For For
Kennametal Inc.
Ticker Security ID: Meeting Date Meeting Status
KMT CUSIP 489170100 10/27/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Ronald DeFeo Mgmt For For For
1.2 Elect William Newlin Mgmt For For For
1.3 Elect Lawrence Stranghoener Mgmt For For For
2 Ratification of Auditor Mgmt For For For
KKR FINANCIAL
HOLDINGS
LLC
Ticker Security ID: Meeting Date Meeting Status
KFN CUSIP 48248A306 04/29/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Tracy Collins Mgmt For For For
1.2 Elect Vincent Paul Finigan Mgmt For For For
1.3 Elect Paul Hazen Mgmt For For For
1.4 Elect R. Glenn Hubbard Mgmt For For For
1.5 Elect Ross Kari Mgmt For For For
1.6 Elect Ely Licht Mgmt For For For
1.7 Elect Deborah McAneny Mgmt For For For
1.8 Elect Scott Nuttall Mgmt For For For
1.9 Elect Scott Ryles Mgmt For For For
1.10 Elect William Sonneborn Mgmt For For For
1.11 Elect Willy Strothotte Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Knight Capital
Group,
Inc.
Ticker Security ID: Meeting Date Meeting Status
NITE CUSIP 499005106 05/12/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Elect William Bolster Mgmt For For For
2 Elect Gary Griffith Mgmt For For For
3 Elect Thomas Joyce Mgmt For For For
4 Elect James Lewis Mgmt For For For
5 Elect Thomas Lockburner Mgmt For For For
6 Elect James Milde Mgmt For For For
7 Elect Christopher Quick Mgmt For For For
8 Elect Laurie Shahon Mgmt For For For
9 2010 Equity Incentive Plan Mgmt For For For
10 Ratification of Auditor Mgmt For For For
Korn/Ferry
International
Ticker Security ID: Meeting Date Meeting Status
KFY CUSIP 500643200 09/10/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Kenneth Whipple Mgmt For For For
1.2 Elect Denise Kingsmill Mgmt For For For
1.3 Elect George Shaheen Mgmt For For For
2 Amendment to the 2008 Stock Mgmt For Against Against
Incentive
Plan
3 Ratification of Auditor Mgmt For For For
Lexicon
Pharmaceuticals,
Inc.
Ticker Security ID: Meeting Date Meeting Status
LXRX CUSIP 528872104 04/29/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Raymond Debbane Mgmt For For For
1.2 Elect Robert Lefkowitz Mgmt For For For
1.3 Elect Alan Nies Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Lexicon
Pharmaceuticals,
Inc.
Ticker Security ID: Meeting Date Meeting Status
LXRX CUSIP 528872104 07/15/2009 Voted
Meeting Type Country of Trade
Special United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Increase of Authorized Common Stock Mgmt For For For
Lincoln Electric
Holdings,
Inc.
Ticker Security ID: Meeting Date Meeting Status
LECO CUSIP 533900106 04/29/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Stephen Hanks Mgmt For For For
1.2 Elect Kathryn Lincoln Mgmt For For For
1.3 Elect William Macdonald, III Mgmt For For For
1.4 Elect George Walls, Jr. Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Major Drilling
Group
International
Inc.
Ticker Security ID: Meeting Date Meeting Status
MDI CUSIP 560909103 09/09/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Edward Breiner Mgmt For For For
1.2 Elect David Fennell Mgmt For For For
1.3 Elect David Hope Mgmt For For For
1.4 Elect Francis McGuire Mgmt For For For
1.5 Elect Derek Pannell Mgmt For For For
1.6 Elect John Schiavi Mgmt For For For
1.7 Elect David Tennant Mgmt For For For
1.8 Elect Jo Mark Zurel Mgmt For For For
2 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
Men's Wearhouse
Inc.
Ticker Security ID: Meeting Date Meeting Status
MW CUSIP 587118100 06/16/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect George Zimmer Mgmt For For For
1.2 Elect David Edwab Mgmt For For For
1.3 Elect Rinaldo Brutoco Mgmt For For For
1.4 Elect Michael Ray Mgmt For For For
1.5 Elect Sheldon Stein Mgmt For For For
1.6 Elect Deepak Chopra Mgmt For For For
1.7 Elect William Sechrest Mgmt For For For
1.8 Elect Larry Katzen Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Microsoft
Corporation
Ticker Security ID: Meeting Date Meeting Status
MSFT CUSIP 594918104 11/19/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Elect William Gates, III Mgmt For For For
2 Elect Steven Ballmer Mgmt For For For
3 Elect Dina Dublon Mgmt For For For
4 Elect Raymond Gilmartin Mgmt For For For
5 Elect Reed Hastings Mgmt For For For
6 Elect Maria Klawe Mgmt For For For
7 Elect David Marquardt Mgmt For For For
8 Elect Charles Noski Mgmt For For For
9 Elect Helmut Panke Mgmt For For For
10 Ratification of Auditor Mgmt For For For
11 Restoration of Right to Call a Mgmt For For For
Special
Meeting
12 Advisory Vote on Executive Mgmt For For For
Compensation
13 Shareholder Proposal Regarding ShrHldr Against Against For
Adoption of Principles for Health
Care
Reform
14 Shareholder Proposal Regarding ShrHldr Against Against For
Charitable
Contributions
MKS Instruments,
Inc.
Ticker Security ID: Meeting Date Meeting Status
MKSI CUSIP 55306N104 05/03/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Cristina Amon Mgmt For For For
1.2 Elect Richard Chute Mgmt For For For
1.3 Elect Peter Hanley Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Nu Skin
Enterprises,
Inc.
Ticker Security ID: Meeting Date Meeting Status
NUS CUSIP 67018T105 05/26/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Nevin Andersen Mgmt For For For
1.2 Elect Daniel Campbell Mgmt For For For
1.3 Elect E.J. Garn Mgmt For For For
1.4 Elect M. Truman Hunt Mgmt For For For
1.5 Elect Andrew Lipman Mgmt For For For
1.6 Elect Steven Lund Mgmt For For For
1.7 Elect Patricia Negron Mgmt For For For
1.8 Elect Thomas Pisano Mgmt For For For
1.9 Elect Blake Roney Mgmt For For For
1.10 Elect Sandra Tillotson Mgmt For For For
1.11 Elect David Ussery Mgmt For For For
2 2010 Omnibus Incentive Plan Mgmt For For For
3 Ratification of Auditor Mgmt For For For
Nucor Corporation
Ticker Security ID: Meeting Date Meeting Status
NUE CUSIP 670346105 05/13/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Daniel DiMicco Mgmt For For For
1.2 Elect James Hlavacek Mgmt For For For
1.3 Elect John Walker Mgmt For For For
2 Ratification of Auditor Mgmt For For For
3 Repeal of Classified Board Mgmt For For For
4 2010 Stock Option and Award Plan Mgmt For For For
5 Shareholder Proposal Regarding ShrHldr Against Against For
Majority Vote for Election of
Directors
6 Shareholder Proposal Regarding ShrHldr Against Against For
Political Contributions and
Expenditure
Report
Pan American
Silver
Corp.
Ticker Security ID: Meeting Date Meeting Status
PAA CUSIP 697900108 05/10/2010 Voted
Meeting Type Country of Trade
Special United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Ross Beaty Mgmt For For For
1.2 Elect Geoffrey Burns Mgmt For For For
1.3 Elect Robert Pirooz Mgmt For For For
1.4 Elect William Fleckenstein Mgmt For For For
1.5 Elect Michael Maloney Mgmt For For For
1.6 Elect Michael Larson Mgmt For For For
1.7 Elect Paul Sweeney Mgmt For For For
1.8 Elect David Press Mgmt For For For
1.9 Elect Walter Segsworth Mgmt For For For
2 Appointment of Auditor Mgmt For For For
3 Authority to Set Auditor's Fees Mgmt For For For
4 Advisory Vote on Executive Mgmt For For For
Compensation
5 Amendment to Stock Option Plan Mgmt For For For
Partners Group
Holding
Ticker Security ID: Meeting Date Meeting Status
PGHN CINS H6120A101 05/06/2010 Voted
Meeting Type Country of Trade
Annual Switzerland
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Non-Voting Meeting Note N/A N/A N/A N/A
2 Non-Voting Meeting Note N/A N/A N/A N/A
3 Accounts and Reports Mgmt For For For
4 Allocation of Profits/Dividends Mgmt For For For
5 Compensation Report Mgmt For Abstain Against
6 Authority to Repurchase Shares Mgmt For For For
7 Amendments to Articles Mgmt For For For
8 Ratification of Board and Management Mgmt For For For
Acts
9 Election of Directors Mgmt For For For
10 Appointment of Auditor Mgmt For For For
11 Non-Voting Agenda Item N/A N/A N/A N/A
Pason Systems
Inc.
Ticker Security ID: Meeting Date Meeting Status
PSI CUSIP 702925108 05/10/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Board Size Mgmt For For For
2.1 Elect James Hill Mgmt For For For
2.2 Elect James Howe Mgmt For For For
2.3 Elect Murray Cobbe Mgmt For For For
2.4 Elect Harold Allsopp Mgmt For For For
2.5 Elect G. Allen Brooks Mgmt For For For
2.6 Elect Peter Mackechnie Mgmt For For For
3 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
Patriot
Transportation
Holding,
Inc.
Ticker Security ID: Meeting Date Meeting Status
PATR CUSIP 70337B102 02/03/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Thompson Baker II Mgmt For For For
1.2 Elect Martin Stein, Jr. Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Pfeiffer Vacuum
Technology
AG
Ticker Security ID: Meeting Date Meeting Status
PFV CINS D6058X101 05/20/2010 Voted
Meeting Type Country of Trade
Annual Germany
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Non-Voting Meeting Note N/A N/A N/A N/A
2 Non-Voting Meeting Note N/A N/A N/A N/A
3 Non-Voting Agenda Item N/A N/A N/A N/A
4 Allocation of Profits/Dividends Mgmt For For For
5 Ratification of Management Board Acts Mgmt For For For
6 Ratification of Supervisory Board Mgmt For For For
Acts
7 Appointment of Auditor Mgmt For For For
8 Authority to Repurchase Shares Mgmt For For For
9 Increase in Authorized Capital Mgmt For For For
10 Elect Wolfgang Lust Mgmt For For For
11 Amendments to Articles Mgmt For For For
PICO Holdings,
Inc.
Ticker Security ID: Meeting Date Meeting Status
PICO CUSIP 693366205 05/14/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Elect Carlos Campbell Mgmt For For For
2 Elect Kristina Leslie Mgmt For For For
3 Elect Kenneth Slepicka Mgmt For For For
4 Ratification of Auditor Mgmt For For For
Rational AG
Ticker Security ID: Meeting Date Meeting Status
RAA CINS D6349P107 04/21/2010 Voted
Meeting Type Country of Trade
Annual Germany
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Non-Voting Meeting Note N/A N/A N/A N/A
2 Non-Voting Meeting Note N/A N/A N/A N/A
3 Non-Voting Agenda Item N/A N/A N/A N/A
4 Allocation of Profits/Dividends Mgmt For For For
5 Ratification of Management Board Acts Mgmt For For For
6 Ratification of Supervisory Board Mgmt For For For
Acts
7 Compensation Policy Mgmt For Abstain Against
8 Appointment of Auditor Mgmt For For For
9 Amendments to Articles Mgmt For For For
10 Amendments to Articles Mgmt For For For
Reliance Steel &
Aluminum
Co.
Ticker Security ID: Meeting Date Meeting Status
RS CUSIP 759509102 05/19/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect David Hannah Mgmt For For For
1.2 Elect Mark Kaminski Mgmt For For For
1.3 Elect Gregg Mollins Mgmt For For For
1.4 Elect Andrew Sharkey, III Mgmt For For For
2 Shareholder Proposal Regarding ShrHldr Against Against For
Declassification of the
Board
3 Ratification of Auditor Mgmt For For For
4 Transaction of Other Business Mgmt For For For
Sanderson Farms,
Inc.
Ticker Security ID: Meeting Date Meeting Status
SAFM CUSIP 800013104 02/18/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Fred Banks, Jr. Mgmt For For For
1.2 Elect Toni Cooley Mgmt For For For
1.3 Elect Robert Khayat Mgmt For For For
1.4 Elect Dianne Mooney Mgmt For For For
1.5 Elect Gail Pittman Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Schnitzer Steel
Industries,
Inc.
Ticker Security ID: Meeting Date Meeting Status
SCHN CUSIP 806882106 01/27/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect David Anderson Mgmt For For For
1.2 Elect William Furman Mgmt For For For
1.3 Elect William Larsson Mgmt For For For
1.4 Elect Scott Lewis Mgmt For For For
1.5 Elect Wayland Hicks Mgmt For For For
2 Executive Annual Bonus Plan Mgmt For For For
Seabridge Gold
Inc
Ticker Security ID: Meeting Date Meeting Status
SA CUSIP 811916105 06/29/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect James Anthony Mgmt For For For
1.2 Elect A. Frederick Banfield Mgmt For For For
1.3 Elect William Calhoun Mgmt For For For
1.4 Elect Thomas Dawson Mgmt For For For
1.5 Elect Louis Fox Mgmt For For For
1.6 Elect Rudi Fronk Mgmt For For For
1.7 Elect Eliseo Gonzalez-Urien Mgmt For For For
2 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
3 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
Sigma Designs,
Inc.
Ticker Security ID: Meeting Date Meeting Status
SIGM CUSIP 826565103 07/30/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Thinh Tran Mgmt For For For
1.2 Elect William Almon Mgmt For For For
1.3 Elect Julien Nguyen Mgmt For Withhold Against
1.4 Elect Lung Tsai Mgmt For For For
2 2009 Stock Incentive Plan Mgmt For Against Against
3 Stock Option Exchange Program Mgmt For For For
4 Ratification of Auditor Mgmt For For For
Silver Standard
Resources
Inc.
Ticker Security ID: Meeting Date Meeting Status
SSO CUSIP 82823L106 05/11/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Board Size Mgmt For Against Against
2.1 Elect A.E. Michael Anglin Mgmt For Withhold Against
2.2 Elect John Brodie Mgmt For Withhold Against
2.3 Elect Richard Campbell Mgmt For Withhold Against
2.4 Elect David Johnston Mgmt For Withhold Against
2.5 Elect Richard Paterson Mgmt For Withhold Against
2.6 Elect Peter Tomsett Mgmt For Withhold Against
3 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
Simpson
Manufacturing
Co.,
Inc.
Ticker Security ID: Meeting Date Meeting Status
SSD CUSIP 829073105 04/28/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Gary Cusumano Mgmt For For For
1.2 Elect Peter Louras, Jr. Mgmt For For For
2 Ratification of Auditor Mgmt For For For
Sims Metal
Management
Limited
Ticker Security ID: Meeting Date Meeting Status
SGM CUSIP 829160100 11/20/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Re-elect Paul Varello Mgmt For For For
2 Re-elect J. Michael Feeney Mgmt For For For
3 Elect Paul Sukagawa Mgmt For For For
4 Elect Geoffrey Brunsdon Mgmt For For For
5 Elect Jim Thompson Mgmt For For For
6 Increase Non-Executive Directors' Mgmt For For For
Fee
Cap
7 Equity Grant (Group CEO Daniel Mgmt For For For
Dienst)
8 Remuneration Report Mgmt For For For
Sprott Inc.
Ticker Security ID: Meeting Date Meeting Status
SII ISIN CA8520661098 05/12/2010 Voted
Meeting Type Country of Trade
Annual Canada
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Non-Voting Meeting Note N/A N/A N/A N/A
2 Non-Voting Agenda Item N/A N/A N/A N/A
3 Election of Directors (Slate) Mgmt For For For
4 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
5 Non-Voting Agenda Item N/A N/A N/A N/A
Terra Industries
Inc.
Ticker Security ID: Meeting Date Meeting Status
TRA CUSIP 880915103 11/20/2009 Take No Action
Meeting Type Country of Trade
Proxy Contest United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Management Nominee Martha Hesse Mgmt For TNA N/A
1.2 Elect Management Nominee Dennis Mgmt For TNA N/A
McGlone
1.3 Elect Management Nominee Henry Slack Mgmt For TNA N/A
2 Ratification of Auditor Mgmt For TNA N/A
Terra Industries
Inc.
Ticker Security ID: Meeting Date Meeting Status
TRA CUSIP 880915103 11/20/2009 Voted
Meeting Type Country of Trade
Proxy Contest United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Dissident Nominee John Lilly ShrHldr N/A For N/A
1.2 Elect Dissident Nominee David Wilson ShrHldr N/A For N/A
1.3 Elect Dissident Nominee Irving ShrHldr N/A For N/A
Yoskowitz
2 Ratification of Auditor ShrHldr N/A For N/A
Tesco Corporation
Ticker Security ID: Meeting Date Meeting Status
TESO CUSIP 88157K101 05/19/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Fred Dyment Mgmt For For For
1.2 Elect Gary Kott Mgmt For For For
1.3 Elect R. Vance Milligan Mgmt For For For
1.4 Elect Julio Quintana Mgmt For For For
1.5 Elect John Reynolds Mgmt For For For
1.6 Elect Norman Robertson Mgmt For For For
1.7 Elect Michael Sutherlin Mgmt For For For
1.8 Elect Clifton Weatherford Mgmt For For For
2 Appointment of Auditor Mgmt For For For
The Buckle, Inc.
Ticker Security ID: Meeting Date Meeting Status
BKE CUSIP 118440106 06/04/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Daniel Hirschfeld Mgmt For For For
1.2 Elect Dennis Nelson Mgmt For For For
1.3 Elect Karen Rhoads Mgmt For For For
1.4 Elect James Shada Mgmt For For For
1.5 Elect Robert Campbell Mgmt For For For
1.6 Elect Bill Fairfield Mgmt For For For
1.7 Elect Bruce Hoberman Mgmt For For For
1.8 Elect John Peetz Mgmt For For For
1.9 Elect Michael Huss Mgmt For For For
2 Ratification of Auditor Mgmt For For For
3 [Bonus/162(m) Plan] Mgmt For For For
4 Amendment to the 2005 Restricted Mgmt For For For
Stock
Plan
5 Approval of Performance-Based Awards Mgmt For For For
Granted Under the 2005 Restricted
Stock
Plan
The Mosaic
Company
Ticker Security ID: Meeting Date Meeting Status
MOS CUSIP 61945A107 10/08/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Phyllis Cochran Mgmt For For For
1.2 Elect Robert Lumpkins Mgmt For For For
1.3 Elect Harold MacKay Mgmt For For For
1.4 Elect William Monahan Mgmt For For For
2 Amendment to the 2004 Omnibus Stock Mgmt For Abstain Against
and Incentive
Plan
3 Ratification of Auditor Mgmt For For For
Thor Industries,
Inc.
Ticker Security ID: Meeting Date Meeting Status
THO CUSIP 885160101 12/08/2009 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Neil Chrisman Mgmt For For For
1.2 Elect Alan Siegel Mgmt For For For
1.3 Elect Geoffrey Thompson Mgmt For For For
Timberland
Company
Ticker Security ID: Meeting Date Meeting Status
TBL CUSIP 887100105 05/13/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect Sidney Swartz Mgmt For For For
1.2 Elect Jeffrey Swartz Mgmt For For For
1.3 Elect Ian Diery Mgmt For For For
1.4 Elect John Fitzsimmons Mgmt For For For
1.5 Elect Virginia Kent Mgmt For For For
1.6 Elect Kenneth Lombard Mgmt For For For
1.7 Elect Edward Moneypenny Mgmt For For For
1.8 Elect Peter Moore Mgmt For For For
1.9 Elect Bill Shore Mgmt For For For
1.10 Elect Terdema Ussery II Mgmt For For For
1.11 Elect Carden Welsh Mgmt For For For
2 Ratification of Auditor Mgmt For For For
3 Amendment to the 2007 Incentive Plan Mgmt For For For
Trican Well
Service
Ltd.
Ticker Security ID: Meeting Date Meeting Status
TCW CUSIP 895945103 05/12/2010 Voted
Meeting Type Country of Trade
Special United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Board Size Mgmt For For For
2.1 Elect Kenneth Bagan Mgmt For For For
2.2 Elect G. Allen Brooks Mgmt For For For
2.3 Elect Murray Cobbe Mgmt For For For
2.4 Elect Dale Dusterhoft Mgmt For For For
2.5 Elect Donald Luft Mgmt For For For
2.6 Elect Kevin Nugent Mgmt For For For
2.7 Elect Douglas Robinson Mgmt For For For
2.8 Elect Gary Warren Mgmt For For For
3 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
4 Amendment to the Stock Option Plan Mgmt For For For
5 Stock Option Plan Renewal Mgmt For For For
6 Performance Share Unit Plan Mgmt For For For
7 Amendments to By-Laws Mgmt For For For
Unit Corporation
Ticker Security ID: Meeting Date Meeting Status
UNT CUSIP 909218109 05/05/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect William Morgan Mgmt For For For
1.2 Elect John Williams Mgmt For For For
1.3 Elect Larry Pinkston Mgmt For For For
2 Amendment to the 2000 Non-Employee Mgmt For For For
Directors Stock Option
Plan
3 Ratification of Auditor Mgmt For For For
WaterFurnace
Renewable
Energy
Inc.
Ticker Security ID: Meeting Date Meeting Status
WFI CUSIP 9415EQ108 05/12/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1 Election of Directors (Slate) Mgmt For For For
2 Appointment of Auditor and Authority Mgmt For For For
to Set
Fees
Woodward
Governor
Company
Ticker Security ID: Meeting Date Meeting Status
WGOV CUSIP 980745103 01/22/2010 Voted
Meeting Type Country of Trade
Annual United States
Issue No. Description Proponent Mgmt Rec Vote Cast For/Agnst
Mgmt
1.1 Elect John Cohn Mgmt For For For
1.2 Elect Michael Joyce Mgmt For For For
1.3 Elect James Rulseh Mgmt For For For
2 Ratification of Auditor Mgmt For For For
3 Shareholder Proposal Regarding ShrHldr Against For Against
Declassification of the
Board
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) Royce Focus Trust, Inc.
By (Signature) /s/ Charles M. Royce
Name Charles M. Royce
Title President
Date 08/11/2010