Saturday, June 22, 2013

The Friday Night 8K

On Friday evening at the end of the week after everyone has gone home for the weekend some of the most interesting 8K disclosures are filed with the Securities & Exchange Commission. (click links to view 8K)

              (e) Compensatory Arrangements of Certain Officers.
Effective June 21, 2013, the Compensation Committee (the “Committee”) of the Board of Directors of Apple Inc. (“we,” “Apple,” or the “Company”) approved the amendment of the restricted stock units awarded on August 24, 2011 to Timothy D. Cook, the Company’s Chief Executive Officer. The amendment does not change the original grant date fair value of Mr. Cook’s award as originally reported in the Company’s Proxy Statement filed with the SEC on January 9, 2012. It does, however, align Mr. Cook’s potential realizable compensation from the award with Company performance, and reflects the Committee’s intent to have a portion of future equity awards be performance-based for the Company’s executive officers, and for Mr. Cook to lead by example."

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