Apple, Inc. (as published by PR Newswire), April 27, 2009 press release
Apple Corrects Form 10-Q
CUPERTINO, Calif., April 27 /PRNewswire-FirstCall/ -- Apple(R) today filed
an amendment to correct the Form 10-Q it submitted to the Securities and
Exchange Commission on Thursday, April 23. Last week's filing incorrectly
reported the voting percentages for shareholder-submitted proposals because
abstentions were counted as "No" votes. Very shortly after the original
filing, the company learned that these votes had been incorrectly tallied
and an internal investigation confirmed the mistake was due to human error,
which Apple regrets. Today's amendment correctly reports the voting results.
As a result of the corrected vote count, Shareholder Proposal No. 5
Regarding Advisory Vote on Compensation, known as "Say on Pay," was approved
with a majority of votes cast. The Compensation Committee of Apple's Board
of Directors has been closely following the Say on Pay issue, and
anticipates that new laws or regulations will require some form of Say on
Pay vote at all public companies in the near future. Even if that does not
occur, Apple is committed to implementing an advisory Say on Pay vote next
Apple ignited the personal computer revolution in the 1970s with the Apple
II and reinvented the personal computer in the 1980s with the Macintosh.
Today, Apple continues to lead the industry in innovation with its
award-winning computers, OS X operating system and iLife and professional
applications. Apple is also spearheading the digital media revolution with
its iPod portable music and video players and iTunes online store, and has
entered the mobile phone market with its revolutionary iPhone.
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