Overview
- Shareholders voted for all management-backed measures, including ratifying Ernst & Young as auditor and approving the non-employee director stock plan.
- An advisory vote approved executive compensation, putting CEO Tim Cook’s total pay at about $74 million for the year.
- The National Center for Public Policy Research’s “China Entanglement Audit” proposal failed after Apple said existing disclosures already cover material risks.
- Apple waived its age guideline to keep chair Art Levinson, 75, and director Ron Sugar, 77, on the board, preserving its current lineup.
- Tim Cook announced that Apple will begin assembling some Mac mini units in Houston later this year for U.S. customers.