Apple Board of Directors reelected with 95% support at annual shareholder meeting
Apple's annual shareholder meeting was held at its corporate campus on Tuesday, and went by largely without any surprises, as the company's board of directors was reelected with near-universal support from shareholders, while other initiatives were rejected.
The Apple Board of Directors all retained their positions with 95 percent voting in favor, it was revealed at the meeting, where AppleInsider was in attendance.
Another shareholder amendment demanding that the company disclose how much more money it is spending in its pursuit of alternative energy was soundly rejected, with less than 2 percent support from shareholders.
Another amendment to Apple's employee stock purchase program was approved without any discussion at all. No details were given about potential revisions to Apple's quarterly dividends and share buyback program, which are expected to be revised in next month's quarterly earnings call.
There was also a proposal to allow shareholders to pick board members, but this also failed to pass with less than 40 percent support. Some major shareholders said it was irrelevant because Apple is already working on such a plan.
In comments made at the meeting, Apple Chief Executive Tim Cook talked about his company and IBM are exploring more opportunities together. The two companies have partnered on an iOS enterprise initiative, which has seen IBM develop business-focused applications and implement iPhones and iPads in various industries.
Speaking about the potential of a closer relationship with IBM, Cook said that "the conduit is wide open," and noted that Big Blue is "not in the business we are in." He also praised IBM's "knowledge of verticals" and its "go-to-market team" in his comments to shareholders.
A few present at the meeting attempted to press Cook into making comments about Tesla, or even buying the electric automobile maker. Cook unsurprisingly avoided those questions, but at one point said he does hope that Tesla will implement CarPlay support into future vehicles.
The Apple Board of Directors all retained their positions with 95 percent voting in favor, it was revealed at the meeting, where AppleInsider was in attendance.
Another shareholder amendment demanding that the company disclose how much more money it is spending in its pursuit of alternative energy was soundly rejected, with less than 2 percent support from shareholders.
Another amendment to Apple's employee stock purchase program was approved without any discussion at all. No details were given about potential revisions to Apple's quarterly dividends and share buyback program, which are expected to be revised in next month's quarterly earnings call.
There was also a proposal to allow shareholders to pick board members, but this also failed to pass with less than 40 percent support. Some major shareholders said it was irrelevant because Apple is already working on such a plan.
In comments made at the meeting, Apple Chief Executive Tim Cook talked about his company and IBM are exploring more opportunities together. The two companies have partnered on an iOS enterprise initiative, which has seen IBM develop business-focused applications and implement iPhones and iPads in various industries.
Speaking about the potential of a closer relationship with IBM, Cook said that "the conduit is wide open," and noted that Big Blue is "not in the business we are in." He also praised IBM's "knowledge of verticals" and its "go-to-market team" in his comments to shareholders.
A few present at the meeting attempted to press Cook into making comments about Tesla, or even buying the electric automobile maker. Cook unsurprisingly avoided those questions, but at one point said he does hope that Tesla will implement CarPlay support into future vehicles.
Comments
It seems more shareholders agree with you.
I'm curious about the 5% that didn't want to keep the current board members. Would issue could they possibly have?
It seems more shareholders agree with you.
Anyone notice Al Gore in the audience during the keynote? He looks like he's ready to pop.
Why no news about Apple allowing "the reverend" Jesse Jackson to speak at the shareholder meeting?
What kind of BS is that? And no, I do not approve of Apple cozying up to such characters.
I assume they are alleged stockholders who have been beating the "Apple Watch = Tim Cook's failure = Jony Ive's Newton = I miss the Apple of Steve Jobs = I can't wear it in the shower deal breaker" troll narrative of late.
I'm curious about the 5% that didn't want to keep the current board members. Would issue could they possibly have?
I didn't realise that Benjamin Frost owned so many shares.
Why no news about Apple allowing "the reverend" Jesse Jackson to speak at the shareholder meeting?
What kind of BS is that? And no, I do not approve of Apple cozying up to such characters.
Are you kidding me? Jackson was given a platform to peddle his BS? Completely disgusting and unacceptable.
I'm curious about the 5% that didn't want to keep the current board members. Would issue could they possibly have?
I guess some people have a deeper knowledge of each board member, though I gotta agree - under the present circumstances it is hard to fault the board. There is the Al Gore factor of course, and there are number of people who strongly disapproves of his general existence on this board. Admittedly this board probably has very little influence on the Apple board.
I assume they are alleged stockholders who have been beating the "Apple Watch = Tim Cook's failure = Jony Ive's Newton = I miss the Apple of Steve Jobs = I can't wear it in the shower deal breaker" troll narrative of late.
Oh yeah, some of them frequent this joint.
Anyone notice Al Gore in the audience during the keynote? He looks like he's ready to pop.
Perhaps he's sequestering some large methane deposits?
Oops... I forgot to vote.
I'm glad to see he's going to get his Earth observatory in space.
http://www.scientificamerican.com/article/al-gore-weighs-in-on-sunday-s-long-delayed-earth-observatory-launch/
I had thought Apple might provide the backing to push it through. Maybe they could put up another one to give us a parallax view for 3D. Anyway, soon we'll be able to watch a near real-time view of our home on our phones. And watches
Al Gore is on Apple's board because of his planetary vision, in addition to his experience in geopolitics. Steve Jobs also had the kind of vision, not so much in the geopolitical sense.
I'm glad to see he's going to get his Earth observatory in space.
http://www.scientificamerican.com/article/al-gore-weighs-in-on-sunday-s-long-delayed-earth-observatory-launch/
I had thought Apple might provide the backing to push it through. Maybe they could put up another one to give us a parallax view for 3D. Anyway, soon we'll be able to watch a near real-time view of our home on our phones. And watches
Although I disagree with many of his political ideas, I used to respect Gore. He probably would've been a better president than Bush, although it would be better for the country if America elected a non-Republican, non-Democrat candidate.
Hey, when you're still living in your mother's basement, what do you have to spend your money on?
That would be a lazy assumption on your part. Should I assume you are a Hillary Clinton 2016 shill based on your post? Of course not.