Mon. Oct 3rd, 2022

Apple Bound Tim Cook For 10 Years, With 1M Shares Of Stock As CEO Bonus

After Jobs resignation from the role of Apple CEO, and appoints Tim Cook as a new leader of the industry. Apple has filled 8-K form with SEC because of changing in the leadership of the company.  An 8-K is the important legal form which is required by company to fill and represents as “current report” with SEC to announce the major events, changing in the company that shareholders should know about.

 In connection with Mr. Cook’s appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units. Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and August 24, 2021, subject to Mr. Cook’s continued employment with Apple through each such date

In case of filing a new form, will notify all of the shareholders and investors of the company about the Steve Jobs resignation as CEO and appointed as Chairman of the Board; and COO Tim Cook promotion to CEO of Apple.  Apple has also awarded the new CEO Tim Cook 1M shares of stock as CEO bonus, which worth $383 million at current prices, in other words you can say that they hired Tim Cook for next 10 years as CEO of Apple.