Apple wiped out: Investors vote for company on all proposals at annual meeting

Investors agreed to all of Apple’s proposals, passed all company proposals, and rejected all shareholder proposals at its annual shareholder meeting on Friday.

The report on median pay gaps by race and gender came closest to approval of the five shareholder resolutions, receiving 34% of the vote.

Some of the investor proposals that did not receive a majority vote call for a policy for the board or members to meet with the shareholders who passed the resolution within three months of the majority vote by non-insiders. bottom.

In a resolution filed by Oakland, Calif.-based Nia Impact Capital, the company said: ”

Kristin Hull, chief executive of Nia Impact Capital, said Friday he was disappointed with MarketWatch. The proposal got her just 6% of the shareholder vote, according to the company in its filing with the Securities and Exchange Commission on Friday afternoon. Hull said the influential proxy voting firm Institutional Shareholder Services (and Glass Lewis) had advised shareholders to vote against it, so the results were not surprising, she said.

But Hull said it was the first resolution of its kind and he hopes the company, board and other shareholders will pay attention to the issue. regarding the Company’s use of non-disclosure clauses, got a majority of votesWhen trying to talk to Apple’s board members about it, Hull said: It was a pretty frustrating situation. We are all professionals. ”

In December, Apple released a report on the use of non-disclosure clauses, Limit the use of non-disclosure agreements Allow workers to speak up about harassment and discrimination. Hull said he reported to Nia Impact Capital the week it released the report, after months of not hearing from the company about speaking to the board.

In the company’s power of attorney and recommendation for the proposal, it states: You have the flexibility to decide when, how and through whom you engage with shareholders. ”

The civil rights and non-discrimination audit proposal also failed, winning just 1% of the vote.shareholder passed the proposal Such an audit took place last year, and the company says an audit led by former US Attorney General Eric Holder is underway.

Other failed shareholder proposals:

  • A proposal to amend proxy access for shareholder nominations to 20% of the current directors or two, whichever is greater, received 31% of the vote.

  • It won 4% of the shareholder vote in the company’s annual report to shareholders on its reliance on the Communist Party of China.

Investors have approved the following company proposals: Board elections, executive compensation (including) salary cut Apple CEO Tim Cook), the frequency of Say-on-Pay voting, and the approval of Ernst & Young as Apple’s accounting firm.

look: Under shareholder pressure, Apple considers commitment to workers’ rights

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