In addition to discussing CEO compensation, Apple’s 2012 proxy statement, which it released on Monday, announces that the annual shareholder meeting will be held on February 23, 2012 at 1 Infinite Loop, Building 4, in Cupertino, Calif. The meeting begins at 10 AM Pacific time.
Seven proposals will be offered for vote during the meeting. They are all detailed in the proxy statement.
1. Election of Directors. Apple asks shareholders to vote yes for the nomination of William Campbell, Tim Cook, Millard Drexler, Al Gore, Robert Iger, Andrea Jung, Arthur Levinson, and Ronald Sugar to the company’s Board of Directors. Mr. Levinson is currently Chairman of the Board.
2. Ratification of Appointment of Independent Registered Public Accounting Firm. Apple asks shareholders to vote yes for the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm and as auditors of the Company’s consolidated financial statements for 2012.
3. Advisory Vote on Executive Compensation. Apple asks shareholders to vote yes on this non-binding proposal that gives input on executive pay.
4. Conflict of Interest Report. Apple asks shareholders to vote no on this proposal put forth by The National Center for Public Policy Research, which wants Apple to assemble a report that discloses potential financial conflicts of interest among Board members. Specifically, the organization is concerned about Mr. Gore’s involvement in global warming regulations and Apple’s 2009 resignation from the U.S. Chamber of Commerce because the Chamber opposes the EPA on the matter.
5. Shareholder Say on Director Pay. Apple asks shareholders to vote no on this proposal, which would provide a non-binding vote on the payments given to members of the company’s Board of Directors.
6. Report on Political Contributions and Expenditures. Apple asks shareholders to vote no on this proposal that asks the company to provide a report covering, in part, “policies and procedures for political contributions and expenditures (both direct and indirect) made with corporate funds.”
7. Adopt a Majority Voting Standard for Director Elections. Apple asks shareholders to vote no on this proposal, which asks that director nominees to the Board be elected by a majority vote.