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AAPL > SEC Filings for AAPL > Form 8-K on 16-Nov-2011All Recent SEC Filings

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Form 8-K for APPLE INC


Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


On November 15, 2011, the Board of Directors (the "Board") of Apple Inc. (the "Company") appointed Robert A. Iger to the Board. Mr. Iger will serve on the Audit and Finance Committee of the Board.

As a non-employee director, Mr. Iger will receive the standard $50,000 annual retainer for his service on the Board, paid in quarterly installments. Mr. Iger will also participate in the Company's 1997 Director Stock Plan (the "Director Plan"), which was filed with the Securities and Exchange Commission (the "SEC") as Exhibit 10.2 to the Company's Current Report on Form 8-K on March 1, 2010. Upon his appointment, Mr. Iger received an automatic initial grant of 142 restricted stock units under and in accordance with the Director Plan.

In connection with his appointment, the Company and Mr. Iger will enter into the Company's standard director indemnification agreement, the form of which was filed with the SEC as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 27, 2009.

There are no transactions between Mr. Iger and the Company that would be required to be reported under Item 404(a) of Regulation S-K.

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