UPDATE 1-Apple investors reject succession call
SAN FRANCISCO |
SAN FRANCISCO Feb 23 (Reuters) - Apple Inc (AAPL.O) shareholders rejected a proposal for the company to disclose a succession plan, but voted in favor of a requirement that it adopt majority-voting for unopposed board directors.
With Apple co-founder and Chief Executive Steve Jobs sidelined indefinitely with an undisclosed medical condition, investors had been expected to demand more information about the company's future at its annual meeting on Wednesday.
Shareholders, including Calpers, had also wanted Apple to garner a majority vote to elect unopposed candidates to its board, a measure that the largest U.S. pension fund says better protects investors' interests. [ID:nN03245395]
The results of Wednesday's voting were preliminary. (Reporting by Gabriel Madway and Noel Randewich, editing by Matthew Lewis)
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