Apple (AAPL) shareholders voted to approve the company’s latest executive pay packages and reject an outside proposal to audit the iPhone maker’s China operations, according to preliminary tallies, Bloomberg News reported.
The tech giant shared the results on Tuesday during its annual meeting of shareholders, which was held virtually. Apple’s CEO Tim Cook and outgoing General Counsel Kate Adams led the proceedings. Cook provided an overview of the company’s operations.
Ahead of the meeting, Apple requested shareholders to approve proposals related to the pay packages and the board and ratify Ernst & Young as its independent auditing firm. The company advised against the audit of China ties, saying it was unnecessary, the report added.
Apple did not immediately respond to a request for comment from Seeking Alpha.
Cook highlighted Apple’s efforts to make more products in the US. This includes a push to produce Mac mini desktop computers in Houston, which was announced today.
“We’re thrilled to begin making this product in the US and shipping to customers later this year,” said Cook.
In early January, Apple noted that its pay package for Cook last year came in at about $74M. That was in line with the year prior. One interesting fact about this year’s proceedings is that Arthur Levinson, the company’s non-executive chairman, is staying despite crossing Apple’s usually required retirement age of 75, the report noted.