Apple (AAPL) Proxy Filing summary

Executive summary

• Achieved record revenue of $416.2B in 2025, with 6% year-over-year growth and all-time highs in most markets and product categories.

• Introduced major product innovations, including iPhone 17 lineup, M5-powered devices, and Apple Intelligence features.

• Returned over $110B to shareholders and reached new highs in paid and transacting customer accounts.

• Continued focus on privacy, accessibility, and environmental initiatives, including new accessibility features and use of recycled materials.

Voting matters and shareholder proposals

• Board recommends voting FOR election of eight directors, ratification of Ernst & Young as auditor, approval of executive compensation, and extension of the Non-Employee Director Stock Plan.

• Board recommends voting AGAINST a shareholder proposal for a China Entanglement Audit, citing existing disclosures and operational flexibility.

• All directors are elected annually for one-year terms; majority voting standard applies.

Board of directors and corporate governance

• Board consists of eight nominees with diverse backgrounds in leadership, technology, finance, and public policy.

• 50% female and 50% male, with representation across multiple ethnicities.

• Chair and CEO roles are separated; majority of board and all committee members are independent.

• Board conducts annual self-evaluations and reviews succession planning at every meeting.

• Shareholders owning at least 10% of shares can call special meetings; proxy access for up to 20 shareholders holding 3% for three years.