Apple Shareholders Get “Say on Pay” – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/19556/Apple+Shareholders+Get+%93Say+on+Pay%94+-+Zacks+Tale+of+the+TapePosted on Monday, April 27th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Apple Inc. (AAPL) said this morning that its shareholders would now have more say on the subject of executive compensation after its February meeting approved a proposal to that effect.
Cupertino, California-based Apple filed an amendment with the Securities and Exchange Commission to correct a form it had previously submitted after initial counting concluding that the motion had been defeated. On Monday, Apple said the confusion arose from a “human error” and that the “Say on Pay” resolution through advisory voting was approved by 51.63% of shares.
Apple shares gained 65 cents to $124.51 at midday on the NASDAQ.
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