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AAPL » Topics » Subsequent Event - Employee Stock and Bonus Plans

This excerpt taken from the AAPL 10-Q filed May 4, 2005.

Subsequent Event – Employee Stock and Bonus Plans

At the Annual Meeting of Shareholders held on April 21, 2005, the Company’s shareholders approved the Performance Bonus Plan, a performance-based annual cash incentive plan for the Company’s executive officers. The shareholders also approved amendments to the 2003 Employee Stock Option Plan, including an increase in the number of shares reserved for issuance under the plan by 49 million shares. In addition, the shareholders approved an amendment to the Company’s Employee Stock Purchase Plan to increase the number of shares reserved for issuance thereunder by 2 million shares.

 

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