Tag: shareholders
Apple’s Annual Shareholders Meeting to Take Place Virtually on March 10
Those who want to attend, vote, and submit questions during the annual meeting can visit the virtual meeting website and enter a control number included in the Notice of Internet Availability of Proxy Materials provided to shareholders. Apple states online access will open approximately 15 minutes before the start of the meeting, but questions can be submitted in advance through Thursday, March 9 at 8:59 p.m. Pacific Time. Voting is open to shareholders of record at the close of business on January 9, 2023.
Items of business will include voting to re-elect the Board of Directors, ratifying Ernst & Young LLP as Apple’s public accounting firm, approving executive compensation, voting on shareholder proposals, and more.
Apple’s shareholders meetings are typically not very interesting to the public, as the company’s executives often give vague answers and avoid discussing future products. However, the meetings can occasionally reveal a few interesting tidbits. Prior to the COVID-19 pandemic, the meetings were held in person at Steve Jobs Theater.
This article, “Apple’s Annual Shareholders Meeting to Take Place Virtually on March 10” first appeared on MacRumors.com
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Twitter shareholders approve $44bn Musk deal
Twitter shareholders vote to approve Elon Musk’s $44 billion acquisition
A majority of Twitter’s shareholders have voted to approve Elon Musk’s $44 billion takeover. During a special meeting of shareholders that lasted about seven minutes, stockholders approved of two proposals: one to adopt the merger agreement with Musk, and one related to how the company’s executives will be compensated as a result of the deal.
Both measures were approved, though Twitter will disclose the final breakdown of votes “at a later date” when it files paperwork with the Securities and Exchange Commission.
Though shareholders formally approved the deal, which valued each share at $54.20, an October trial in Delaware’s Court of Chancery will determine whether Musk is able to terminate the agreement. Musk initially cited concerns about bots and spam as reasons for ending the merger agreement, though Twitter’s lawyers argued he was actually concerned about “World War 3.” The judge in the case ruled that Musk will be able to add claims raised by the company’s former security chief turned whistleblower, Peiter Zatko, to his legal bid.
Separately, Zatko testified at a Judiciary Committee hearing Tuesday, during which he shed new light on his allegations that Twitter’s security practices are a risk to the United States’ national security.