Apple 2013 Shareholder's Meeting: Directors Reelected, Company Working on 'New Categories'
Apple's annual shareholder's meeting took place at the company's Cupertino campus this morning. The meeting is held to allow shareholders to address corporate officers and to handle certain corporate business like reelecting the board of directors and voting on certain proposals.
According to CNBC's Jon Fortt, preliminary results show all directors reelected, Apple's accounting firm was approved, a non-binding advisory vote on executive compensation passed, a proposal to require executives to hold 33% of their stock awards until retirement was defeated, as was a proposal to create a Human Rights board committee. The full text of the proposals are available in Apple's proxy statement. Tim Cook received 99.1% investor approval.
The run up to this year's meeting was more contentious than most. A judge blocked the vote on one of Apple's proposed changes following a lawsuit by a major Apple shareholder. He ruled that three separate proposals had been bundled together, when they should be voted on individually.
During the Q&A portion, Apple CEO Tim Cook said he knows shareholders are "disappointed" by its share price, and that focus should be on the long term, with revenue and profits following. Additionally, Cook said that Apple is working on "new categories" but wouldn't comment on anything specifically.
Cook confirmed that the plans for Apple's new "spaceship" campus are slightly delayed, with a move-in date around 2016, as was previously reported. He reiterated that Apple is "seriously considering" the issue of returning more cash to shareholders.
Last year's meeting did not result in any significant changes for the company. Apple's stock price jumped yesterday on a rumor that Apple would announce a stock split today, but that did not come to fruition.
Popular Stories
Apple today released iOS 18.4 and iPadOS 18.4, the fourth major updates to the iOS 18 and iPadOS 18 operating system updates that came out last year. iOS 18.4 and iPadOS 18.4 come two months after Apple released iOS 18.3 and iPadOS 18.3.
Subscribe to the MacRumors YouTube channel for more videos.
The new software can be downloaded on eligible iPhones and iPads over-the-air by going to...
iOS 19 will not be available on the iPhone XR, iPhone XS, or the iPhone XS Max, according a private account on social media site X that has accurately provided information on device compatibility in the past.
The iPhone XR, iPhone XS, and iPhone XS Max all have an A12 Bionic chip, so it looks like iOS 19 will discontinue support for that chip. All other iPhones that run iOS 18 are expected...
While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch until September, there are already plenty of rumors about the devices.
Below, we recap key changes rumored for the iPhone 17 Pro models as of March 2025:
Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone ...
Apple today released new firmware updates for all AirPods 4 and AirPods Pro 2 models. The new firmware is version 7E93, up from the 7B21 firmware that was installed on the AirPods Pro 2 and the 7B20 firmware available on the AirPods 4 and AirPods 4 with ANC.
It is not immediately clear what new features or changes are included in the new firmware, but we'll update this article should we find ...
Apple's big developer event is a little over two months away, and rumors about what we can expect to see in Apple's next major operating system updates are becoming increasingly frequent.
A public release of iOS 18.4 is also imminent with a number of updates and improvements, although we won't be getting the major Apple Intelligence Siri upgrades that had reportedly been planned for this...
Apple today released macOS Sequoia 15.4, the fourth major update to the macOS Sequoia operating system that launched in September. macOS Sequoia 15.4 comes two months after the launch of macOS Sequoia 15.3.
Mac users can download the macOS Sequoia update through the Software Update section of System Settings. It is available for free on all Macs able to run macOS 15.
With...
Multiple sources have claimed that iOS 19 will introduce a new design with more translucent buttons, menus, notification banners, and more, and there is now another clue that points towards this glass-like appearance.
Bloomberg's Mark Gurman today said the new design project is codenamed "Solarium" internally. A solarium is a room with glass walls that allow in plenty of sunlight, so this...
Apple today released watchOS 11.4, the fourth major update to the operating system that runs on the Apple Watch. watchOS 11.4 is compatible with the Apple Watch Series 6 and later, all Apple Watch Ultra models, and the Apple Watch SE 2.
watchOS 11.4 can be downloaded on a connected iPhone by opening up the Apple Watch app and going to General > Software Update. To install the new software,...