Apple had its yearly shareholder meeting yesterday morning, in the newly-built, subterranean Steve Jobs Theatre at Apple Park. Although the new theatre is particularly large, it still won’t have enough room for all the shareholders to attend the event.
The shareholder meeting is a part of Apple’s annual corporate schedule. In terms of matters discussed at the meeting, it involves a status report of Apple’s corporate activities – usually delivered by CEO, so this year, it’s Tim Cook. It’s then followed by a re-election of board members and a vote on proposals for the company’s future. Finally, shareholders question Cook (in addition to other senior members of the Apple team) and ask them about the company’s performance and what they envision will change in the future. Seeing as Apple’s current stock price is falling, albeit, at a slow rate, this will surely be brought up by the investors themselves.
But, for the first time in Apple’s history, the company has had to put a notice on its investor website, explaining “while we appreciate shareholders’ interest in attending the meeting, registration has reached capacity and we are not able to accommodate additional requests.” They further went on to write “only shareholders who present valid confirmation of registration […] will be able permitted to enter the Apple Park campus for the meeting on February 13th.”
These shareholder and corporate meetings never used to be so high-profile. But seeing as Apple’s success has grown substantially over the past fifteen years, so has the interest that they’ve received. When Steve Jobs took Apple into a new era, shareholder meetings started to grab the attention of shareholders, groups, and the general public.
What exactly was discussed at yesterday’s meeting at the Steve Jobs Theatre is still unknown, but keep an eye on our news section, which is constantly updated as soon as we hear of updates.