# EDGAR Filing Document

**Accession Number:** 0000792394
**File Stem:** 0000792394-26-000020
**Filing Date:** 2026-4
**Character Count:** 31290
**Document Hash:** f2df5b7959e78b8c1706d8ce385eeb4c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000792394-26-000020.hdr.sgml**: 20260407

**ACCESSION NUMBER**: 0000792394-26-000020

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 8

**CONFORMED PERIOD OF REPORT**: 20260518

**FILED AS OF DATE**: 20260407

**DATE AS OF CHANGE**: 20260407

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VOLUMETRIC FUND INC
- **CENTRAL INDEX KEY:** 0000792394

**ORGANIZATION NAME:**
- **EIN:** 133373223
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-04643
- **FILM NUMBER:** 26843549

**BUSINESS ADDRESS:**
- **STREET 1:** 87 VIOLET DR
- **CITY:** PEARL RIVER
- **STATE:** NY
- **ZIP:** 10965
- **BUSINESS PHONE:** 8456237637

**MAIL ADDRESS:**
- **STREET 1:** 87 VIOLET DR
- **CITY:** PEARL RIVER
- **STATE:** NY
- **ZIP:** 10965

## Series and Classes Contracts Data

### Volumetric Fund (Series ID: S000012023)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000032757 | Volumetric Fund | VOLMX           |

**UNITED STATES** **<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**SCHEDULE 14A** **<br> (Rule 14a-101)**

**INFORMATION REQUIRED IN PROXY STATEMENT<br> SCHEDULE 14A INFORMATION**

**Proxy Statement Pursuant to Section 14(a) of the<br> Securities Exchange Act of 1934**

Filed by the Registrant ☒

Filed by a Party other than the Registrant

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))**

☒ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Pursuant to Section 240.14a-12

**Volumetric Fund, Inc.**

**(Name of Registrant as Specified in its Charter)**

**Not Applicable** 

**(Name of Person(s) Filing Proxy Statement if other than the Registrant)**

Payment of Filing Fee (Check the appropriate box):

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| ☒ | No fee required. | No fee required. |
| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
|  | 1) | Title of each class of securities to which transaction applies: |

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2) Aggregate number of securities to which transaction applies:

3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):

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☐ Fee paid previously with preliminary materials.

☐ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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4) Date Filed:

**Volumetric Fund, Inc.**

87 Violet Drive

Pearl River, New York 10965

845-623-7637 / 800-541-FUND

 

 

 

 

 

Dear Shareholder: April 2, 2026

It is our pleasure to invite you to participate in the 2026 Annual Meeting of Shareholders (the "Meeting") on Monday, May 18, 2026, at 7:30 pm (EDT). The Meeting will be held at La Terrazza Restaurant, 291 South Main Street, New City, New York 10956. Coffee and dessert will be served. The Meeting is only for current Volumetric Fund, Inc. ("Fund") shareholders.

Shareholders interested in attending the Meeting must indicate this on their proxy voting form so you may be placed on the list of attendees.

At the Meeting, we will report on Volumetric Fund Inc.'s 2026 performance. In addition, as described in the accompanying Notice and Proxy Statement, you will be asked to: (i) elect nine directors, and (ii) ratify the appointment of Cohen & Company Ltd., as the independent registered public accounting firm of the Fund for the fiscal year ending December 31, 2026.

A proxy is enclosed with the Notice of Meeting and the Proxy Statement. <u>The vote of every shareholder is important. Therefore, regardless of whether or not you plan to participate in the Meeting, we would appreciate that you sign, date and return the proxy ballot to us promptly in the enclosed envelope. Shareholders also have the option to vote by internet at www.proxypush.com/VOLMX or phone by calling toll-free 866-460-4704</u>. Any questions you may have for the Meeting, should be written on the proxy ballot that is returned to Volumetric Fund, Inc. In addition, please indicate on the proxy ballot if you plan to attend.

We hope to see you at the Meeting.

Sincerely,

 

 

*Jeffrey M. Gibs*

*Chief Executive Officer and President* 

Volumetric Fund, Inc.

**Notice of Annual Meeting of Shareholders**

**May 18, 2026**

The Annual Meeting of Shareholders (the "Meeting") of Volumetric Fund, Inc., a New York Corporation, will be held on Monday, May 18, 2026, at 7:30 pm (EDT), at La Terrazza Restaurant, 291 South Main Street, New City, New York 10956, for the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. to elect nine directors to hold
office until the next annual meeting of shareholders and until their successors are elected to qualify;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. to ratify the Board of Director's
selection of the firm Cohen & Company, Ltd. as the independent registered accounting firm of the Fund for the fiscal year ending December
31, 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. to transact such other business
as may properly come before the Meeting or any adjournments thereof.

Shareholders of record at the close of business on Wednesday, April 1, 2026, will be entitled to receive this notice and to vote at the Meeting.

By Order of the Board of Directors

![](image_003.jpg)![](image_002.jpg)

Pearl River, New York ___________Jeffrey M. Gibs _______________________________ Alex Aleman

April 2, 2026 __________________Chief Executive Officer and President _______________Vice President

**SHAREHOLDERS ARE REQUESTED TO SIGN AND PROMPTLY RETURN THE ENCLOSED PROXY THAT IS SOLICITED BY THE BOARD OF DIRECTORS. PLEASE USE THE ENCLOSED PREPAID ENVELOPE IN RETURNING YOUR PROXY.** 

**![](image_004.jpg) Volumetric Fund, Inc.**

87 Violet Drive

Pearl River, New York 10965

**PROXY STATEMENT**

**ANNUAL MEETING OF SHAREHOLDERS**

TO BE HELD ON MAY 18, 2026

The accompanying proxy is solicited by the Board of Directors of Volumetric Fund, Inc. (the "Fund") for use at the Annual Meeting of Shareholders (the "Meeting") to be held on May 18, 2026, and any adjournments thereof. When such proxy is properly executed and returned, the shares it represents will be voted on at the Meeting and at any adjournments thereof. Any shareholder giving a proxy has the power to revoke it at any time before it is voted. Presence at the Meeting of a shareholder who has signed the proxy does not alone revoke the proxy. The proxy may be revoked by a later dated proxy or notice to the Secretary at the Meeting.

At the Meeting, shareholders will be asked:

&nbsp;&nbsp;&nbsp;&nbsp;1. to elect nine (9) directors to
hold office until the next annual meeting of shareholders and until their successors are elected to qualify;

&nbsp;&nbsp;&nbsp;&nbsp;2. to ratify the Board of Director's selection of Cohen
& Company Ltd., as the independent registered accounting firm of the Fund for the fiscal year ending December 31, 2026; and

&nbsp;&nbsp;&nbsp;&nbsp;3. to transact such other business as may properly come before
the Meeting or any adjournments thereof.

Shareholders of record at the close of business day on Wednesday, April 1, 2026 ("Record Date"), will be entitled to vote at the Meeting. Each share of stock is entitled to one vote. The Notice of Meeting, Proxy Statement, and accompanying form of proxy will be mailed to shareholders on or about April 9, 2026.

At the close of business day on the Record Date, the Fund had 1,512,406.177 shares of common stock outstanding.

The Fund will furnish, without charge, a copy of the Annual Report and/or Semi-Annual Report to shareholders, upon request by writing to: Volumetric Fund, Inc., 87 Violet Drive, Pearl River, New York 10965; phone: 800-541-FUND; or email: info@volumetric.com. The reports are also available on the Fund's website: www.volumetric.com.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" ON EACH PROPOSAL.** 

**1.** **ELECTION OF DIRECTORS** 

The Board of Directors (collectively the "Directors") recommends that nine nominees for director to be elected at the Meeting, each to hold office until next year's annual meeting and until the election and qualification of a successor. The election of directors requires the affirmative vote of the holders of a plurality of the Common Stock voting at the Meeting. It is intended that proxies in the accompanying form which do not withhold authority to vote for any or all the nominees will be voted for the election of directors named on the following pages. Should any nominee become unable or unwilling to serve as a director, the proxies will be voted in favor of the remainder of those named and may be voted for substitute nominees who are not candidates. The Board of Directors has no reason to believe that any nominee will be unavailable for election when the election occurs.

Directors who are not "interested persons" (as that term is defined in the 1940 Act) (the "Independent Directors") of Volumetric Advisers, Inc. (the "Adviser"), 87 Violet Drive, Pearl River, NY 10965, or is an "Interested Director" but receives no other compensation from the Adviser or Fund, receives a fee for each Board or committee meeting the Directors attend. These Directors receive a meeting fee of $300 for each board and committee meeting they attend and an additional $192 to attend the Annual Shareholder Meeting. The Chair of each Committee receives $450 per meeting. The Financial Expert receives an annual fee of $1,440. Directors' fees had no effect on the Fund's expenses and expense ratio since all Directors' fees were paid by the Adviser. The full Board of Directors met four times, and the Independent Directors met four times during the year ended December 31, 2025. In addition, the Audit Committee met twice, and the Governance & Nominating Committee met once during the year ended December 31, 2025. There were no "special" meetings.

Nominated Directors, as a group, beneficially owned 88,688.744 shares or 5.86% of the outstanding shares of the Fund on the Record Date. This includes shares beneficially owned by spouses or joint accounts with spouses, also the Director's custodian or trust accounts for their minors. In addition to the Directors, the Adviser, whose principal shareholder is The Agnes Gibs Revocable Trust dated 11/15/17 (Agnes Gibs is the Trustee), is the owner of 1.83% of the outstanding shares of the Fund.

The dollar range shareholdings of directors in the Fund, as of the Record Date, are shown in the following table. The following categories are used for the dollar ranges: over $100,000 is A; $50,001-$100,000 is B; $25,001-$50,000 is C; $10,001-$25,000 is D; $1-$10,000 is E. The information for the nominated directors, including their age and occupation for the past 5 years, has been furnished to the Fund by the nominees. Nominees, who are "interested persons" of the Fund, as defined by the Investment Company Act of 1940, are indicated by an asterisk (" \* ").

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Name, Address\*\* and Age** | &nbsp;&nbsp; **Position(s)**<br> **Held with**<br> **Fund** | &nbsp;&nbsp; **Term of**<br> **Office and**<br> **Length of**<br> **Time**<br> **Served** | &nbsp;&nbsp;**Occupation** | &nbsp;&nbsp; **Number of**<br> **Portfolios in**<br> **Fund**<br> **Complex**<br> **Overseen**<br> **by Director** | &nbsp;&nbsp;**Other Director-ships Held by Director during Past Five Years** |
| &nbsp;&nbsp;**Interested Directors** |  |  |  |  |  |
| &nbsp;&nbsp; **Jeffrey M. Gibs\***<br> Age: 59<br> Holding Range: A | &nbsp;&nbsp; CEO, President, Portfolio Manager, Chief Compliance Officer and<br> Director (7) | &nbsp;&nbsp; Annually since<br> 2018 | &nbsp;&nbsp;Chief Executive Officer since 2022, President and Portfolio Manager since 2016 (Titled Co-Portfolio Manager 2016 to 2021) and CCO since 2005. Mr. Gibs was Executive Vice President from 2015 to 2016 and Vice President from 1997 to 2015. He had worked as a consultant to the Fund since 1989. Additionally, since 1988, Mr. Gibs has been employed in the financial services industry which included roles as Vice President and other management positions for several financial institutions. Jeffrey is President of Volumetric Advisers, Inc. | &nbsp;&nbsp;1 |  |
| &nbsp;&nbsp; **Irene J. Zawitkowski**\*<br> Age: 73<br> Holding Range: A | &nbsp;&nbsp; Chair,<br> Director (6) | &nbsp;&nbsp;Annually since 1978 | &nbsp;&nbsp;Chair since 2018. CEO and Portfolio Manager from 2016 to 2022. Ms. Zawitkowski was President and Portfolio Co-manager from 2003 to 2016 and Executive Vice President of the Fund from inception of the Fund to 2003. Ms. Zawitkowski was also Executive Vice President of Volumetric Advisers, Inc. until 2022. | &nbsp;&nbsp;1 |  |
| &nbsp;&nbsp;**Independent Directors** |  |  |  |  |  |
| &nbsp;&nbsp; **Josef Haupl**<br> Age: 81<br> Holding Range: A | &nbsp;&nbsp;Director (1) | &nbsp;&nbsp;Annually since 2004 | &nbsp;&nbsp;Engineering Consultant to the chemical industry, since 2002. Previously, Director of Technology of Lurgi PSI, an engineering and construction services company for the chemical industry. | &nbsp;&nbsp;1 |  |
| &nbsp;&nbsp; **Alexandre M. Olbrecht, PhD.** <br> Age 47<br> Holding Range: C | &nbsp;&nbsp;Director (4) | &nbsp;&nbsp;Annually since 2012 | &nbsp;&nbsp;Professor of Economics, Anisfield School of Business at Ramapo College of New Jersey, since 2005. Executive Director of the Eastern Economic Association. He was elected by the Board as the Fund's Audit Committee Chair effective 2025, and he previously served as the Vice Chair of the Audit Committee from 2015 to 2024. | &nbsp;&nbsp;1 |  |
| &nbsp;&nbsp; **Cornelius O'Sullivan**<br> Age 57<br> Holding Range: C | &nbsp;&nbsp;Director (3) | &nbsp;&nbsp;Annually since 2017 | &nbsp;&nbsp;Proprietor of Neil T. O'Sullivan, CPA since 2009. Previously Partner, Cherian, O'Sullivan & Tatapudy, LLP, certified public accountants ("CPA"), since 2003. Mr. O'Sullivan started his accounting career with Ernst & Young, LLP certified public accountants. He was elected as Vice Chair of the Audit Committee effective 2025. | &nbsp;&nbsp;1 |  |
| &nbsp;&nbsp; **Stephen J. Samitt** <br> Age: 84<br> Holding Range: A | &nbsp;&nbsp;Director (1) (3) | &nbsp;&nbsp;Annually since 1996 | &nbsp;&nbsp;Mr. Samitt is a Principal at the firm Stephen Samitt – Tax Preparation, since 2024; He was a Principal at Stephen Samitt, CPA, LLC, from 2008 to 2023. Also, previously a Principal at Briggs Bunting & Dougherty, LLP since 1997. He serves as the Fund's Financial Expert and had served as the Audit Committee's Chair until 2024. | &nbsp;&nbsp;1 |  |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Name, Address\*\* and Age** | &nbsp;&nbsp; **Position(s)**<br> **Held with**<br> **Fund** | &nbsp;&nbsp; **Term of**<br> **Office and**<br> **Length of**<br> **Time**<br> **Served** | &nbsp;&nbsp;**Occupation** | &nbsp;&nbsp; **Number of**<br> **Portfolios in**<br> **Fund**<br> **Complex**<br> **Overseen**<br> **by Director** | **Other Director-ships Held by Director during Past Five Years** |
| &nbsp;&nbsp; **Allan A. Samuels**<br> Age: 88<br> Holding Range: B | &nbsp;&nbsp;Director (2) (5) | &nbsp;&nbsp;Annually since 2007 | &nbsp;&nbsp;Since 2025, Mr. Samuels is the Special Adviser to the Board of the Rockland Business Association ("RBA"). From 2001, he served as both the CEO (until 2025) and President (until 2024) of the RBA. He is also a Board member of several non-profit and business organizations. | &nbsp;&nbsp;1 |  |
| &nbsp;&nbsp; **Raymond W. Sheridan**<br> Age: 75<br> Holding Range: A | &nbsp;&nbsp;Director (2) | &nbsp;&nbsp;Annually since 1995 | &nbsp;&nbsp;President, Raymond Sheridan Financial, Inc., an insurance and financial services firm. Mr. Sheridan was Vice President and Treasurer of the Fund between 1997 and 2005. | &nbsp;&nbsp;1 |  |
| &nbsp;&nbsp; **Stacey S. Yanosy**<br> Age: 57<br> Holding Range: E | &nbsp;&nbsp; Director (3)<br>| &nbsp;&nbsp;Annually since 2022 | &nbsp;&nbsp;Member Development Officer at Affinity Federal Credit Union since 2019. Previously, she was a Banker at People's United Bank (2017 to 2019) and Branch Manager at Palisades Federal Credit Union (2009 to 2017). | &nbsp;&nbsp;1 |  |

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(1) Member of the Governance & Nominating Committee.; (2) Co-Chair of the Governance & Nominating Committee.; (3) Member of the Audit Committee.; (4) Chair of the Audit Committee. (5) Lead Independent Director. (6) Interested Director, former employee, and former owner of Volumetric Advisers Inc; (7) Interested Director, employee, and owner of Volumetric Advisers Inc.

\*\* The address of each director is c/o Volumetric Fund, Inc., 87 Violet Drive, Pearl River, New York 10965.

**Information About the Director Nominees**

*Jeffrey M. Gibs*. Mr. Gibs has served as Director of the Fund since 2018. Mr. Gibs also serves as Chief Executive Officer, President, Treasurer, Portfolio Manager and Chief Compliance Officer of the Fund and is President and a control person of the Adviser. Mr. Gibs has also previously served in a variety of other roles for the Fund, including as Executive Vice President, Vice President, and as a consultant. Mr. Gibs began his investment industry career in 1988 at Chase Manhattan Bank (now J.P. Morgan Chase) in the global custody area of the U.S. Private Banking Division. Mr. Gibs also worked at various investment firms, and most recently at US Bank (after they acquired AIS) as a Vice President of Hedge Fund Accounting and Operations. He attended Monmouth University, where he earned a B.S. degree in Business with concentration in Computer Systems. Mr. Gibs' extensive experience in the investment industry, including as an employee of the Adviser, adds depth and understanding to the Board's consideration of the Director's obligations to the Fund and shareholders.

*Irene J. Zawitkowski*. Ms. Zawitkowski has served as a Director of the Fund since 1978 and has been the Chair of the Board since 2018. She was the Chief Executive Officer (2016 to 2022) and Portfolio Manager (2003 to 2022) for the Fund. Ms. Zawitkowski has served in other various capacities since the Fund's inception, including as President, Co-Portfolio Manager and Executive Vice President. Ms. Zawitkowski was Executive Vice President and a control person of the Adviser until 2022. Prior to her tenure with the Adviser and the Fund, Ms. Zawitkowski was an accounting supervisor for Lonza, Inc. She has a B.S. degree in Accounting and an MBA in Finance from Fairleigh Dickinson University. Ms. Zawitkowski's experience in finance and portfolio management, including as an original employee of the Adviser, adds depth and understanding to the Board's consideration of the Director's obligations to the Fund and shareholders.

*Josef Haupl*. Mr. Haupl has served as a Director of the Fund since 2004. He has worked as an Engineering Consultant in the chemical industry since 2002. Previously, Mr. Haupl was the Director of Technology for Lurgi PSI, an engineering and construction services company for the chemical industry. Mr. Haupl has been on the Board since 2004 and has significant knowledge of the Fund and Adviser. He earned his MBA, at Fairleigh Dickinson University, in 1997, and an Engineering Diploma (FH) at the State Engineering College in Aalen, Germany (1988).

*Alexandre M. Olbrecht*. Dr. Olbrecht has served as a Director of the Fund since 2012 and has been Chair of the Audit Committee since 2025, and former Vice Chair of the Committee. He is a Professor of Economics at the Anisfield School of Business at Ramapo College of New Jersey, the Executive Director of the Eastern Economic Association, and the Editor in Chief of the Journal of Business and Economic Studies. Dr. Olbrecht has a B.S. from Lehigh University and a M.A. and Ph.D., from the State University of New York at Binghamton. Dr. Olbrecht's experience in finance and economics adds depth and understanding to the Board's consideration of the Director's obligations to the Fund and shareholders.

*Cornelius O'Sullivan*. Mr. O'Sullivan has served as a Director of the Fund since 2017 and has been the Audit Committee's Vice Chair since 2025. He is the proprietor of the public accounting firm of Neil T. O'Sullivan, a position he has held since 2009. Previously, Mr. O'Sullivan was a partner at the public accounting firm of Cherian, O'Sullivan & Tatapudy, LLP, and began his career as an accountant for Ernst & Young, LLP. Mr. O'Sullivan received a B.S. in accounting from Manhattan College in 1990 and has been a licensed CPA since 1996. Mr. O'Sullivan's knowledge and experience as a certified public accountant ("CPA") brings unique tax and financial expertise to the Board.

*Stephen J. Samitt*. Mr. Samitt has served as a Director of the Fund since 1996 and is the Fund's Financial Expert. He was also Chair of the Audit Committee until 2024. Mr. Samitt is a principal at the firm Stephen Samitt – Tax Preparation, since 2024; Previously he was a principal at Stephen Samitt, CPA, LLC, from 2008 to 2023, a principal at the public accounting firm of Briggs Bunting & Dougherty, LLP, and a Partner at the full-service accounting firm of Tait, Weller & Baker. His knowledge and experience as a CPA, includes working with the mutual fund industry brings tax and financial expertise to the Board.

*Allan A. Samuels*. Mr. Samuels has served as a Director of the Fund since 2007 and is Co-Chair of the Governance & Nominating Committee. Currently, he is the Special Adviser to the Board of the Rockland Business Association, and their former CEO and President. He has significant experience as a Board Director for the Fund, and several non-profit and business organizations. Mr. Samuels's experience in growing businesses and as a community leader adds depth and understanding to the Board's consideration of the Director's obligations to the Fund and shareholders.

*Raymond W. Sheridan*. Mr. Sheridan has served as a Director of the Fund since 1995 and is Co-Chair of the Governance & Nominating Committee. He is the President of Raymond Sheridan Financial, Inc., since 2002, an insurance and financial services firm. Previously, Mr. Sheridan was Vice President and Treasurer of the Fund between 1997 and 2005. Mr. Sheridan's experience in financial services and his knowledge and understanding about the Fund and the Adviser adds depth and understanding to the Board's consideration of the Director's obligations to the Fund and shareholders. He graduated with a Business Administration degree from Pace University in 1973.

*Stacey S. Yanosy*. Ms. Yanosy has served as a Director of the Fund since 2022. Ms. Yanosy is the Member Development Officer at Affinity Federal Credit Union, a position she has held since 2019, Previously, she was a Banker at People's United Bank (2017 to 2019) and the Branch Manager at Palisades Federal Credit Union (2009 to 2017). Ms. Yanosy brings over 20 years of finance and banking industry experience to the Funds Board. She received a B.A. in Economics from Penn State University. Ms. Yanosy's experience in financial services and banking adds depth and understanding to the Board's consideration of the Director's obligations to the Fund and shareholders.

**Board Committees**

The Board has an Audit Committee and a Governance & Nominating Committee, each consisting entirely of Independent Directors.

The Audit Committee includes four Independent Directors: (i) Alexandre Olbrecht (Chair of the Audit Committee), (ii) Cornelius O'Sullivan (Vice Chair of the Audit Committee), (iii) Stephen Samitt (Fund's Financial Expert), and (iv) Stacey Yanosy. The Audit Committee is primarily responsible for recommending the selection of the independent registered public accounting firm to the Board; receiving, reviewing, and keeping the Board informed about the shareholder reports, including the annual shareholder report; and such other matters that may warrant attention.

The Governance & Nominating Committee includes four Independent Directors: (i) Allan Samuels (Co-Chair), (ii) Raymond Sheridan (Co-Chair), (iii) Stephen Samitt and (iv) Josef Haupl. The Governance & Nominating Committee is primarily responsible for the oversight of the Board of Directors and making Director nominations to the Board.

**2.** **INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

Volumetric Fund, Inc.'s Board of Directors who are not "interested persons" have unanimously appointed Cohen & Company, Ltd. ("Cohen"), 1835 Market Street, Philadelphia, PA 19103, as its independent registered public accounting firm for the fiscal year ending December 31, 2026. Cohen was the independent registered public accounting firm for the Fund for the year 2025. Cohen has no direct or indirect interest in the Fund other than as its independent accountants. This appointment will be submitted to shareholders at the meeting for ratification. Representatives of Cohen may not be in attendance at the Meeting but will be available, as necessary, to answer questions from shareholders present at the Meeting.

**Fees of Independent Registered Public Accountants** 

The following table presents the fees for professional services rendered by Cohen & Company, for the fiscal years ended December 31, 2025, and December 31, 2024.

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Fee Category** | &nbsp;&nbsp;**2025 Fees** | &nbsp;&nbsp;**2024 Fees** |
| &nbsp;&nbsp;Audit fees | &nbsp;&nbsp;$17100 | &nbsp;&nbsp;$17100 |
| &nbsp;&nbsp;Audit-related fees | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Tax fees | &nbsp;&nbsp;3600 | &nbsp;&nbsp;3000 |
| &nbsp;&nbsp;All other fees | &nbsp;&nbsp;0 | &nbsp;&nbsp;0 |
| &nbsp;&nbsp;Total fees | &nbsp;&nbsp;$20700 | &nbsp;&nbsp;$20100 |

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Audit-related fees are out-of-pocket costs incurred in connection with the performance of the audit. Tax fees are fees billed for professional services rendered for tax compliance, tax advice and tax planning. The Board of Directors does not consider the provision of the services described above by Cohen to be incompatible with the maintenance of the firm's independence.

The Board of Directors pre-approves all audit and permissible non-audit services rendered to the Fund. Pre-approval by the Board of Directors of the services provided under the categories reported above was not waived under provisions contained in paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. No audit work was performed by any persons other than full-time permanent employees of Cohen.

No non-audit fees were billed by Cohen for services rendered to the Fund. The Fund does not retain the services of an outside investment adviser and has not retained such services during the last two fiscal years. As a result, the Board of Directors has not been required to consider whether non-audit services were rendered to such an investment adviser or any entity controlling, controlled by or under common control with such an investment adviser.

**3.** **OTHER MATTERS** 

**OPERATION OF THE FUND**

Volumetric Fund, Inc., a New York corporation, is registered with the Securities and Exchange Commission ("SEC") as an open-end diversified mutual fund. The Fund was incorporated under the laws of the State of New York on July 25, 1986, and has been open to the general public since September 3, 1987. The Fund's principal office is located at 87 Violet Drive, Pearl River, New York 10965, and its phone number is (845)-623-7637. The Board of Directors supervises the business activities of the Fund. The Fund retains various organizations to perform specialized services. The Fund retains Volumetric Advisers, Inc. located at 87 Violet Drive, Pearl River, New York 10965, as investment adviser. Ultimus Fund Distributors, LLC, located at 225 Pictoria Drive, Suite 450, Cincinnati, OH 45246, is the principal distributor and underwriter for the Fund. Ultimus Fund Solutions, LLC, serves in the capacity as transfer agent, fund accountant and dividend paying agent for the Fund.

**SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS** 

A principal shareholder is any person who owns (either of record or beneficially) 5% or more of the outstanding shares of the Fund. A person who beneficially owns, either directly or indirectly, more than 25% of the voting securities of a fund is presumed to be a control person of the Fund. There are no controlling persons as of the Record Date that own or control more than 25% of the shares outstanding of the Fund.

The following table shows the only persons known to own beneficially (as determined in accordance with Rule 13d-3 under the 1934 Act) 5% or more of the outstanding shares of the Fund as of the Record Date.

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| | | |
|:---|:---|:---|
| **Name and Address** | **% Ownership** | **Type of Ownership** |
| &nbsp;&nbsp; SEI Private Trust Company C/O TIAA<br> 1 Freedom Valley Drive, Oaks PA 19456 | 8.90% | Record |

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Management ownership, as of the Record Date, includes directors and their immediate family members, such as their spouses and minors, beneficially owned 157,506.568 shares or 10.41% of the outstanding shares of the Fund. The Agnes Gibs Revocable Trust dated 11/15/17 is a controlling person of the Adviser. Agnes Gibs is the trustee of The Agnes Gibs Revocable Trust dated 11/15/17.

**FINANCIAL STATEMENTS**

The Financial Statements of the Fund are not set forth in the proxy statement, since they were included in the Annual Report (N-CSR) of the Fund for the fiscal year ending December 31, 2025, which has been sent to all shareholders. The cost of preparing, assembling, and mailing this proxy statement will be paid by the Adviser. A free copy of the Fund's Annual Report will be provided by contacting the Fund by: mail Volumetric Fund, Inc., 87 Violet Drive, Pearl River, New York 10965; calling 800-541-3863; visiting our website: www.volumetric.com or sending an email request to: info@volumetric.com.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" ON EACH PROPOSAL.** The Board of Directors knows of no other matter to be brought before this Meeting. However, if other matters should come before the Meeting, it is the intention of each person named in the proxy to vote such proxy in accordance with his or her judgment in such matters.

**Shareholders may submit questions to be addressed at the Meeting. Any question should be written on the indicated section of the Proxy Election Ballot Form and returned to Proxy Tabulator, PO Box 8035, Cary, NC 27512-9916.**

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