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Apple Inc. Message Board

  • ki98mir ki98mir Feb 7, 2013 9:36 PM Flag

    Here's the issue: proposal 2 for AAPL vote

    Amendment of Articles of Incorporation
    The Company's shareholders are being asked to approve the amendment of the Restated Articles of
    Incorporation (the "Articles"). If approved, the amendment would:
    1. eliminate certain language relating to the term of office of directors in order to facilitate the adoption of
    majority voting for the election of directors;
    2. eliminate "blank check" preferred stock;
    3. establish a par value for the Company's common stock of $0.00001 per share; and
    4. make other conforming changes as set forth in the text of the amendment below, including eliminating
    provisions in the Articles relating to preferred stock of the Company.

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