Apple shareholders re-elect board of directors

Apple shareholders have voted to re-elect the company’s board of directors and approve 2020 pay for executives, including CEO Tim Cook, Report informs referring to CNBC.

The vote was non-binding and advisory. Apple shareholders also voted down a shareholder proposal opposed by Apple that would compel the company to reduce executive pay compared with median Apple employee pay.

The votes, which were expected, are another sign that Apple’s shareholders are satisfied with its management and CEO.

Apple, valued at more than $2.1 trillion, recently reported a quarter with $111.4 billion in revenue and sales growth in every product category, even during a pandemic year.

Apple planned to increase the company’s dividend. Dividends totaled over $14 billion in the last four quarters. The company paid a dividend of 20.5 cents per share in the last two quarters.