<SEC-DOCUMENT>0000743773-12-000018.txt : 20120508
<SEC-HEADER>0000743773-12-000018.hdr.sgml : 20120508
<ACCEPTANCE-DATETIME>20120508121957
ACCESSION NUMBER:		0000743773-12-000018
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20120508
DATE AS OF CHANGE:		20120508
EFFECTIVENESS DATE:		20120508

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENTEX CORP
		CENTRAL INDEX KEY:			0000355811
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				382030505
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10235
		FILM NUMBER:		12820465

	BUSINESS ADDRESS:	
		STREET 1:		600 N CENTENNIAL ST
		CITY:			ZEELAND
		STATE:			MI
		ZIP:			49464
		BUSINESS PHONE:		6167721800

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Calvert Variable Products, Inc.
		CENTRAL INDEX KEY:			0000743773
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		4550 MONTGOMERY AVENUE
		STREET 2:		SUITE 1000N
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		301-951-4800

	MAIL ADDRESS:	
		STREET 1:		4550 MONTGOMERY AVENUE
		STREET 2:		SUITE 1000N
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUMMIT MUTUAL FUNDS, INC.
		DATE OF NAME CHANGE:	20090122

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUMMIT MUTUAL FUNDS INC
		DATE OF NAME CHANGE:	20000323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CARILLON FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<TYPE>PX14A6G
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<FILENAME>csiscvppx14a6gfiled050812.htm
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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=6><font face="Times New Roman" lang=EN-US style="font-size:22.0pt;">FORM PX14A6G</font></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=6><font face="Times New Roman" lang=EN-US style="font-size:22.0pt;">GENTEX CORPORATION &#8211; GNTX</font></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=5><font face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Filed:&#160; May 8, 2012</font></font></p>

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<p style="margin:0in;margin-bottom:.0001pt;"><font face="Times New Roman" size=5><font face="Times New Roman" lang=EN-US style="font-size:16.0pt;">Notice of Exempt Solicitation. Definitive Materials.</font></font></p>





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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT size=5 face="Times New Roman"><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">United States</FONT></FONT><FONT size=5><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman"> Securities and Exchange Commission</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT size=5 face="Times New Roman"><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">Washington</FONT></FONT><FONT size=5><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">, D.C. 20549</FONT></FONT><FONT size=5><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT size=5 face="Times New Roman"><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">Notice of Exempt Solicitation</FONT></FONT><FONT size=2><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman"> &nbsp;</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT size=5 face="Times New Roman"><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">Pursuant to Rule 14a-103</FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">1. Name of Registrant: </FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Gentex Corporation</FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">2. Name of person(s) relying on exemption: </FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">a.&nbsp;&nbsp;&nbsp;&nbsp; Walden Asset Management, a division of Boston Trust &amp; Investment Management Company<BR><BR></FONT></FONT></P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">b.&nbsp;&nbsp;&nbsp;&nbsp; Calvert Social Index Fund, a series of Calvert Social Index Series, Inc., acting through Calvert Investment Management, Inc.</FONT></FONT></P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">c.&nbsp;&nbsp;&nbsp;&nbsp; Calvert VP S&amp;P MidCap 400 Index Portfolio, a series of Calvert Variable Products, Inc., acting through Calvert Investment Management, Inc.</FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"> <BR><BR></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">3. Address of person(s) relying on Exemption: </FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">a.&nbsp;&nbsp;&nbsp;&nbsp; One Beacon Street, 33<SUP>rd</SUP> Floor, Boston, MA 02108<BR><BR></FONT></FONT></P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">b.&nbsp;&nbsp;&nbsp;&nbsp; 4550 Montgomery Avenue, Suite 1000N, Bethesda, MD 20814</FONT></FONT></P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-INDENT: -22.5pt; MARGIN: 0in 0in 0pt 0.5in"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">c.&nbsp;&nbsp;&nbsp;&nbsp; 4550 Montgomery Avenue, Suite 1000N, Bethesda, MD 20814</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"><BR><BR></FONT>&nbsp;</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">4. Written Materials: </FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Attached are written materials, submitted pursuant to Rule 14a-6(g) promulgated under the Securities Exchange Act of 1934, in connection with a proxy proposal to be voted on at the Registrant&#8217;s 2012 Annual Meeting. </FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">&nbsp; </FONT></FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial>Shareholder Rebuttal to the Gentex Corporation</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial>Opposition Statement Regarding Sustainability Reporting</FONT></B></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Proposal on Sustainability Reporting </FONT></B></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial></FONT></I></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>This proposal has been co-filed by Calvert Investment Management, Inc. and Walden Asset Management, a division of Boston Trust &amp; Investment Management Company. It seeks to address the inadequacy of Gentex Corporation&#8217;s disclosure of environmental, social and governance (ESG) issues.&nbsp; We believe Gentex should join the increasing number of companies that demonstrate and report management of environmental, social and governance issues to their investors. </FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial></FONT></B></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>When requesting sustainability reporting, Calvert Investment Management, Inc. is asking companies to measure, evaluate and disclose environmental, social and governance factors that are material to long-term business success. </FONT></B></FONT></P>

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<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Sustainability reporting and good ESG performance often creates value for companies.</FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Comprehensive ESG reporting helps companies demonstrate the existence of effective internal controls for anticipating, managing and reporting on operational, regulatory and reputational risks and opportunities.&nbsp; </FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Increased transparency frequently helps to strengthen employee retention and brand reputation, and provides a venue for the company to publicize its best practices. </FONT></FONT></LI></UL>

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<P style="MARGIN: 0in 0in 0pt"><FONT face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Gentex is a global and multi-billion dollar company, which has been recognized by its customers as a leader in the industry through numerous supplier awards. As sustainable and responsible investors, Calvert Investment Management, Inc. believes that innovative and sound management of resources is an indicator of good management. However, Gentex provides no data to its shareholders regarding improvement, plans for company operations, efficient use of resources or reduction of environmental impacts. </FONT></FONT></P><FONT style="FONT-SIZE: 10pt">

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<LI style="MARGIN: 0in 4pt 0pt 0in"><FONT face=Arial><FONT style="LINE-HEIGHT: 10.8pt" lang=EN-US><FONT style="FONT-FAMILY: arial">According to a recent study by KPMG, 95% of Global Fortune 250 companies now report on their corporate responsibility activities. This represents an increase of more than 14% since the 2008 survey</FONT>.</FONT> <FONT style="FONT-FAMILY: Arial"></FONT>
<A href="#_ftn1" name=_ftnref1><FONT style="LINE-HEIGHT: 10.8pt; FONT-FAMILY: Arial" lang=EN-US color=blue>[1]</FONT></A><FONT style="LINE-HEIGHT: 10.8pt" lang=EN-US face=arial>&nbsp;&nbsp;</FONT></FONT>

<LI style="MARGIN: 0in 4pt 0pt 0in"><FONT face=Arial><FONT style="LINE-HEIGHT: 10.8pt; FONT-FAMILY: arial" lang=EN-US>Increasingly, small- and medium-sized companies are participating in this trend. </FONT></FONT>

<LI style="MARGIN: 0in 4pt 0pt 0in"><FONT face=Arial><FONT style="LINE-HEIGHT: 10.8pt; FONT-FAMILY: arial" lang=EN-US>According to the Forum for Sustainable and Responsible Investment &#8220;nearly one out of every eight dollars under professional management in the US is involved in sustainable and responsible investing.&#8221; </FONT></FONT>
<A href="#_ftn2" name=_ftnref2><FONT face=Arial><FONT face=Arial><FONT style="LINE-HEIGHT: 10.8pt" lang=EN-US color=blue face=arial>[2]</FONT></FONT></FONT></A><FONT face=Arial><FONT style="LINE-HEIGHT: 10.8pt" lang=EN-US face=arial>&nbsp;&nbsp;</FONT></FONT> </LI></UL>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Gentex Corporation&#8217;s opposition statement argues that:</FONT></B></FONT></P>

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<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>The Company already demonstrates genuine concern about the relevant issues. </FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>The proposed resolution on sustainability reporting is not in the best interests of the company or its shareholders.&nbsp;&nbsp; </FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Preparing the requested report would deplete human and financial resources without providing any meaningful or demonstrable benefit to our shareholders, our employees, or the communities in which we operate. </FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>The Company's shareholders can access the Company's performance with respect to environmental matters &#8220;notwithstanding the proponent's incorrect claim to the contrary&#8221;.</FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>The proposed Guidelines (Global Reporting Initiative) appear to be much more appropriate for global companies with multi-billions of dollars in annual revenues and significant global environmental footprints.</FONT></FONT> </LI></OL>

<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial></FONT></FONT>&nbsp;</P>

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<A href="#_ftnref1" name=_ftn1><FONT style="VERTICAL-ALIGN: super" face="Times New Roman"><SUP><FONT size=2 face=Cambria><FONT style="VERTICAL-ALIGN: 0px" face="Times New Roman"><SUP><FONT size=2 face=Cambria><FONT style="FONT-SIZE: 10pt" lang=EN-US color=blue face=cambria>[1]</FONT></FONT></SUP></FONT></FONT></SUP></FONT></A><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Cambria> </FONT><FONT size=1 face=Arial><FONT style="FONT-SIZE: 9pt" lang=EN-US face=arial>KPMG International Survey of Corporate Social Responsibility Reporting 2011</FONT></FONT></P><FONT lang=EN-US></FONT></DIV>

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<P style="MARGIN: 0in 0in 0pt">
<A href="#_ftnref2" name=_ftn2><FONT style="VERTICAL-ALIGN: super" face="Times New Roman"><SUP><FONT size=1 face=Arial><FONT style="VERTICAL-ALIGN: 0px" face="Times New Roman"><SUP><FONT size=1 face=Arial><FONT style="FONT-SIZE: 9pt" lang=EN-US color=blue face=arial>[2]</FONT></FONT></SUP></FONT></FONT></SUP></FONT></A><FONT size=1 face=Arial><FONT style="FONT-SIZE: 9pt" lang=EN-US face=arial> US SIF 2012 Report on Socially Responsible Investing Trends in the United States</FONT></FONT></P><FONT lang=EN-US></FONT></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Our Rebuttal and Rationale for a YES vote follows:</FONT></B></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Although the Company reports it has had a &#8220;long history of dedication to good corporate citizenship&#8221;, there is no documented evidence demonstrating how Gentex is working to improve its record on governance, diversity or supply chain management.</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Shareowners have not been informed as to how the Company plans to make improvements in its manufacturing processes, health and safety goals, employee relations, and use of resources, among other factors of performance. </FONT></B></FONT></P>

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<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>According to Corporate Register, more than 5000 companies globally, large and small, now report regularly on corporate sustainability. They do so, ostensibly without exposing themselves to competitive harm. In fact, many believe it to be a competitive advantage.</FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Although Gentex states it utilizes ISO 14001 standards, which provide the generic requirements for an environmental management system, the company does not describe to shareholders its achievements relative to those guidelines. The company also does not disclose the results of any third-party audits to &#8220;minimize the creation of waste, pollution, and adverse impacts on the environment&#8221; or the existence of quantifiable goals and targets. </FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>During 2011 discussions, Gentex provided a 2008 highly redacted environmental report with limited data available to readers. The company then stated in its proxy that the proponents (Calvert and Walden) were unwilling to accept disclosure of the report updated periodically.&nbsp; The report had been stripped of information preventing any level of analysis. </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Few investors would trust that a company&#8217;s finances are in order if asked to evaluate a redacted financial statement. </FONT></I></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Gentex represents that it complies with rules and regulations; as such it must already monitor performance through management systems already in place and reporting should not be a burden.</FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Although the company states &#8220;such a report would not change existing compliance practices&#8221;, Calvert, Walden and other sustainable and responsible investors believe that transparency and accountability will help Gentex to preserve and enhance long-term shareowner value. </FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Our proposal explicitly states that proprietary information may be omitted. Gentex can responsibly report to shareowners without releasing information that could be harmful competitively. </FONT></FONT></LI></UL>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Gentex investors have no data on which to base independent evaluations of performance.</FONT></B></FONT></P>

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<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>The call for reporting of sustainability issues is coming from both investors and customers. Gentex customers such as Daimler, BMW and Ford Motor Company expect greater transparency from suppliers and reward that transparency. Ford is now surveying its top 35 global suppliers for disclosure on energy use and greenhouse gas emissions as part of its goal to reduce emissions 30 percent by 2025 on a per vehicle basis. </FONT></FONT>

<LI style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>While large Gentex customers may have access to this information, shareholders have no meaningful way to collect information that would enable them to commend the company, ask questions or express concerns. </FONT></FONT></LI></UL>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Gentex Corporation asserts that investors are not interested in reporting on ESG issues. Yet in 2011, </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>38&nbsp;percent&nbsp;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial> of shares were voted in favor of Walden Asset Management&#8217;s proposal encouraging sustainability reporting.</FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Furthermore, the United Nations Principles for Responsible Investing (PRI), which represents the view that ESG issues can affect the performance of investment portfolios and provides a framework for incorporating ESG issues into investment decision-making processes, is endorsed by over 860 global investor signatories with a collective $30 trillion in assets under management. </FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>We believe this should lay to rest the belief within Gentex that investors do not care about ESG performance reporting.</FONT></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>The proponent urges shareholders to vote FOR the second listed shareholder resolution.</FONT></B></FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=3 face="Times New Roman"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE, U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY.&nbsp; NO PROXY CARDS WILL BE ACCEPTED BY WALDEN ASSET MANAGEMENT, CALVERT INVESTMENT MANAGEMENT, INC. (&#8220;CIM&#8221;) OR ANY REGISTERED INVESTMENT COMPANY THAT HAS RETAINED CIM AS ITS INVESTMENT ADVISER (EACH A &#8220;CALVERT FUND&#8221;)</FONT></B></FONT><FONT face="Times New Roman Bold"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="times new roman bold">.&nbsp; </FONT></B></FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">PLEASE DO NOT SEND YOUR PROXY TO WALDEN ASSET MANAGEMENT, CIM OR ANY CALVERT FUND.&nbsp; TO VOTE YOUR PROXY, PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD.&nbsp; THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY WALDEN ASSET MANAGEMENT, CIM AND/OR CERTAIN CALVERT FUNDS.</FONT></B></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>For questions regarding the </FONT></I><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>Gentex Corporation Proposal on Sustainability Reporting</FONT></I></B></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT size=2 face=Arial><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial>please contact Mike Lombardo, Calvert Investment Management, Inc., 301-961-4756,&nbsp;</FONT></I></FONT><FONT size=2 face=Arial><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial> Mike.Lombardo@calvert.com</FONT></I></FONT></P>

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