Description: Request for no-action response from SEC regarding shareholder proposal asking Apple to prepare a report evaluating the potential for Apple to achieve net-zero emissions of greenhouse gases.
Rule 14a-8 No-Action Request from Apple, Inc. Regarding Shareholder Proposal of Christine Jantz
Filing Date Type File Action Taken Summary 12/21/2017 Letter Download Letter sent by SEC indicating that counsel's office would not recommend enforcement action. SEC Said Apple Could Omit Climate Change-Related Shareholder Proposal from Proxy Materials. The U.S. Securities and Exchange Commission (SEC) issued a letter to Apple, Inc. indicating that the SEC’s Office of Chief Counsel would not recommend enforcement action if Apple omitted from its proxy materials a shareholder proposal asking Apple prepare a report evaluating the potential for Apple to achieve net-zero emissions of greenhouse gases from operations directly owned by the company and major suppliers. The SEC agreed that the proposal appeared to relate to ordinary business operations because it sought “to micromanage the company by probing too deeply into matters of a complex nature upon which shareholders, as a group, would not be in a position to make an informed judgment.”