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A filing with the SEC has revealed that Apple will hold its annual and virtual shareholders’ meeting on March 4 — and has shed some light on CEO Tim Cook’s recent compensation.
The meeting is expected to begin on Friday, March 4 at 9:00 a.m. Pacific Time. While the meeting will generally be held at the Steve Jobs Theater, the meeting will be offered virtually in 2022 in an effort to “provide a safe experience for our shareholders and employees.”
According to a shareholder notice and proxy statement filed with the SEC, the record date for the annual shareholders’ meeting is January 3, 2022. That means shareholders must have owned Apple stock prior to that date to attend.
As with most Apple shareholder meetings, the 2022 meeting will focus on routine proposals such as the election of directors, ratification of the appointment of independent audit firms and the approval of Apple’s 2022 Employee Stock Plan.
In 2022, nominees to Apple’s board of directors include James Bell, Tim Cook, Al Gore, Alex Gorky, Andrew Jung, Art Levinson, Monica Lozano, Ron Sugar and Sue Wagner.
The meeting will also vote on proposals submitted by shareholders themselves.
Apple also advises shareholders to vote in advance to “ensure that your vote will be represented at the annual meeting.”
The filing also includes details on Apple CEO Tim Cook’s compensation. He earns a base salary of $3 million and was awarded shares worth more than $82 million, which vest over time. Five million shares of Cook’s shares acquired in 2021, worth approximately $750 million.
Cook’s personal worth, including the shares acquired in 2021 and his shareholding, is over $1 billion.