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Tom Nelson

Apple Board of Directors Reelected - No Stock Split

By February 27, 2013

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As expected, at today's Apple shareholders meeting the entire board of directors was reelected. Tim Cook received 99.1% shareholders' approval.

During the question-and-answer period, Cook addressed some shareholder concern about lower stock prices. He noted that Apple is concentrating on the long term, and is looking for new market categories to enter.

As we mentioned here yesterday, the rumor of a stock-split was just that, a far-fetched rumor.

A non-binding resolution on executive compensation passed, while a requirement for executives to retain 33% of their Apple stock until retirement failed.

You can find all of the proposals in the Notice of 2013 Annual Meeting of Shareholders proxy statement.


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