Apple held its 2026 annual meeting of shareholders earlier today, where the shareholders voted to support the current leadership team while rejecting a proposal that sought more transparency regarding the company’s business ties to the Chinese government (via Bloomberg).
One of the biggest items on the agenda was the approval of executive pay. Shareholders gave the green light to the compensation packages for Apple’s top leaders. This includes CEO Tim Cook, whose pay for the year is set at approximately $74 million.
The board of directors also saw a vote of confidence. All members were re-elected, including board chairman Art Levinson and audit committee chair Ron Sugar. This was a point of interest for many investors because both men have passed Apple’s traditional retirement age of 75. Levinson is 75 and Sugar is 77. The company decided to waive its age limit policy for them.
A major point of debate during the meeting was a proposal titled Proposal No. 5. This was brought forward by a conservative think tank called the National Center for Public Policy Research. It asked for a “China Entanglement Audit” to assess the risks and costs of Apple’s deep manufacturing roots in the People’s Republic of China. Supporters of the proposal argued that Apple is too dependent on one country and faces risks from potential tariffs or geopolitical shifts.
Apple’s board urged shareholders to vote against this. They stated that “the requested report is unnecessary given we already provide extensive information on our international operations.” Most shareholders followed the board’s recommendation and the proposal was rejected.
Despite sticking with its China operations, Apple did share some news about bringing more manufacturing back to the United States. Tim Cook announced that the company will start assembling some Mac mini desktop computers in Houston, Texas, later this year.
Regarding this move, Cook said: “We’re thrilled to begin making this product in the US and shipping to customers later this year.”
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