Apple (AAPL) shareholders are “scheduled to vote on nominees to the company’s board of directors Tuesday,” The Asociated Press reports.
“Proxy advisory firm Glass Lewis & Co. said investors should elect Chief Executive Steve Jobs, William Campbell, Millard Drexler, Andrea Jung and Eric Schmidt to the board of directors, but withhold votes for former Vice President Al Gore, Arthur Levinson and Jerome York,” AP reports.
“Glass Lewis said more than 25 percent of shareholders withheld votes for Gore, Levinson and York last year, which raises questions about their nominations. The firm voiced concerns about audits and investigationsof Apple’s backdated stock options granting practices,” AP reports.
Full article here.
MacDailyNews Note: Gore, Levinson and York chaired or were members of various committee’s relating to audits, compensation, and stock option investigatons.
The Annual Meeting of Shareholders of Apple Inc. is scheduled to be held today, Tuesday, March 4, 2008 at 10am PST, at 1 Infinite Loop, Building 4, Cupertino, California 95014, for the following purposes:
1. To elect the Company’s Board of Directors.
2. To ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for fiscal year 2008.
3. To consider two shareholder proposals, if properly presented at the meeting.
4. To transact such other business as may properly come before the meeting and any postponement(s) or adjournment(s) thereof.
All Apple shareholders are invited to attend the meeting in person. Shareholders attending the meeting may vote in person even if they have previously returned proxy cards. Only shareholders of record as of the close of business on January 15, 2008 are entitled to receive notice of, to attend, and to vote at the meeting.