Apple Corrects Form 10-Q
April 27 2009 - 5:16AM
PR Newswire (US)
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 year. 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. (C)
2009 Apple Inc. All rights reserved. Apple, the Apple logo, Mac,
Mac OS and Macintosh are trademarks of Apple. Other company and
product names may be trademarks of their respective owners.
DATASOURCE: Apple CONTACT: Steve Dowling of Apple, +1-408-974-1896,
Web Site: http://www.apple.com/
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