|Feb 22, 2013, 03:54 PM||#1|
Judge Blocks Vote on Proposal 2 at Next Week's Apple Shareholder Meeting
A judge has decided to block a vote on Question 2 at Apple's annual shareholder's meeting next week, according to a report from Reuters.
Hedge fund Greenlight Capital, a major shareholder of Apple stock, filed a lawsuit earlier this month asking that Apple be prevented from bundling a number of proposals into one ballot question at the shareholders meeting. The firm argued that the bundling of three separate corporate governance proposals into one question was in violation of SEC rules.
Apple CEO Tim Cook called the lawsuit a "silly sideshow" and "a waste of money for all involved", but the judge presiding over the case disagreed. Apple issued a statement in early January saying it was in "active discussions" about ways to return cash to shareholders as Greenlight head David Einhorn has requested.
Update: AllThingsD has the text of the judge's ruling.
Update 2: Apple has withdrawn Proposal No. 2 from its proxy statement, issuing this statement:
|Thread Tools||Search this Thread|
|thread||Thread Starter||Forum||Replies||Last Post|
|Carl Icahn Presses for Apple Shareholder Vote on Increased Stock Buyback||MacRumors||MacRumors.com News Discussion||360||Dec 30, 2013 02:21 PM|
|Apple 2013 Shareholder's Meeting: Directors Reelected, Company Working on 'New Categories'||MacRumors||MacRumors.com News Discussion||128||Mar 4, 2013 10:55 AM|
|Apple Stock Jumps on Rumors of Stock Split at Tomorrow's Shareholder Meeting||MacRumors||MacRumors.com News Discussion||179||Mar 3, 2013 11:37 AM|
|FCC Proposal Would Require Apple to Support iMessage-to-911||MacRumors||iOS Blog Discussion||41||Dec 14, 2012 11:42 PM|
|UK Judge Is Forcing Apple To Publish On Its Website That Samsung Didn't Copy Apple||Phokus||iPad||1||Jul 18, 2012 05:05 PM|
All times are GMT -5. The time now is 12:43 PM.