EX-99.77C VOTES 2 ex77c.htm EX-99 77C VOTES ex77c.htm
Item 77C – The European Equity Fund, Inc.

REPORT OF ANNUAL MEETING OF STOCKHOLDERS (unaudited)
 

The Annual Meeting of Stockholders (the “Meeting”) of The European Equity Fund, Inc. was held on June 30, 2016.  At the close of business on May 17, 2016, the record date for the determination of stockholders entitled to vote at the Meeting, there were issued and outstanding 8,514,200 shares of the Fund’s common stock, each share being entitled to one vote, constituting all of the Fund’s outstanding voting securities.  At the Meeting, the holders of 7,089,885 shares of the Fund’s common stock were represented in person or by proxy, constituting a quorum.  At the Meeting, the following matters were voted upon by the stockholders.  The resulting votes are presented below:
 
1.  
To elect two (2) Class II Directors, each to serve for a term of three years and until his successor is elected and qualifies.

Number of Votes

 
For                   
Withheld
Ambassador Richard R. Burt
4,863,230
2,226,654
Mr. Joachim Wagner
6,889,571
   200,314

 
2.  
To ratify the appointment by the Audit Committee and the Board of Directors of PricewaterhouseCoopers LLP, an independent public accounting firm, as independent auditors for the fiscal year ending December 31, 2016.

 
Number of Votes
 

 
For
Against
Abstain
6,897,969
81,555
151,607

 
3.  
To adopt Articles of Amendment to the Fund’s charter to eliminate the classification of the Board of Directors.

Number of Votes
 

 
For
Against
Abstain
3,369,553
654,061
196,402
 
 
The adoption of the Articles of Amendment to the Fund’s charter required the affirmative vote of shareholders entitled to vote more than 50% of the 8,514,200 shares of the Fund’s common stock interest entitled to be cast on the matter (e.g., more than 4,257,100 shares).
 
As the proposal to adopt the Articles of Amendment to the Fund’s charter was not approved, the Board will continue to operate under its classified structure.


As of June 30, 2016, the Fund’s Board of Directors is as follows:


Christian H. Strenger
Chairman and Director
(interested)
since 1986
Class III – term expires 2017
Dr. Wilhelm Bender
 
Director
(non-interested)
since 2013
Class I – term expires 2018
Detlef Bierbaum
 
Director
(non-interested)
since 1986
Class I – term expires 2018
Richard R. Burt
 
Director
(non-interested)
since 2000
Class II – term expires 2019
Walter C. Dostmann
 
Director
(non-interested)
Since 2015
Class I – term expires 2018
Richard Karl Goeltz
Director
(non-interested)
since 2008
Class III – term expires 2017
Dr. Franz Wilhelm Hopp
 
Director
(non-interested)
since 2008
Class III – term expires 2017
Dr. Friedbert Malt (1)
Director
(non-interested)
since 2007
Class II – term expires 2016
Joachim Wagner
 
Director
(non-interested)
since 2009
Class II – term expires 2019


(1)  
Dr. Friedbert Malt retired from the Board of Directors as of July 25, 2016.