cik stringclasses 1
value | date stringlengths 8 8 | form stringclasses 4
values | sentenceCount int64 0 2.33k | sentence stringlengths 2 5.25k | filename stringlengths 40 40 |
|---|---|---|---|---|---|
0000320193 | 20071115 | 10-K | 1,736 | Mr. Gore was inaugurated as the 45th Vice President of the United States in 1993. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,737 | He was re-elected in 1996 and served for a total of eight years as President of the Senate, a member of the Cabinet and the National Security Council. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,738 | Prior to 1993, he served eight years in the U.S. Senate and eight years in the U.S. House of Representatives. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,739 | Steven P. Jobs is one of the Company's co-founders and currently serves as its Chief Executive Officer. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,740 | Mr. Jobs is also a director of The Walt Disney Company. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,741 | Arthur D. Levinson, Ph.D. has been Chief Executive Officer and a Director of Genentech Inc. ("Genentech") since July 1995. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,742 | Dr. Levinson has been Chairman of the Board of Directors of Genentech since September 1999. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,743 | He joined Genentech in 1980 and served in a number of executive positions, including Senior Vice President of R&D from 1993 to 1995. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,744 | Dr. Levinson also serves on the Board of Directors of Google. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,745 | Eric E. Schmidt, Ph.D. has served as the Chief Executive Officer of Google since July 2001 and as a member of Google's Board of Directors since March 2001, where he served as Chairman of the Board from March 2001 to April 2004. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,746 | In April 2004, Dr. Schmidt was named Chairman of the Executive Committee of Google's Board of Directors. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,747 | From April 1997 to November 2001, Dr. Schmidt served as Chairman of the Board of Directors of Novell, Inc. ("Novell"), a computer networking company, and, from April 1997 to July 2001, as the Chief Executive Officer of Novell. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,748 | Jerome B. York has been Chief Executive Officer of Harwinton Capital LLC (formerly Harwinton Capital Corporation), a private investment company that he controls, since September 2003. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,749 | From January 2000 until September 2003, Mr. York was Chairman and Chief Executive Officer of MicroWarehouse, Inc., a reseller of computer hardware, software and peripheral products. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,750 | From September 1995 to October 1999,
he was Vice Chairman of Tracinda Corporation. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,751 | From May 1993 to September 1995 he was Senior Vice President and Chief Financial Officer of IBM Corporation ("IBM"), and served as a member of IBM's Board of Directors from January 1995 to August 1995. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,752 | Mr. York is also a director of Tyco International Ltd.
Role of the Board; Corporate Governance Matters
It is the paramount duty of the Company's Board of Directors (the "Board of Directors") to oversee the Chief Executive Officer and other senior management in the competent and ethical operation of the Company on a day... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,753 | To satisfy this duty, the directors take a proactive, focused approach to their position, and set standards to ensure that the Company is committed to business success through maintenance of high standards of responsibility and ethics. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,754 | Members of the Board of Directors bring a wide range of experience, knowledge and judgment to the Company. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,755 | These varied skills mean that governance is far more than a "check the box" approach to standards or procedures. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,756 | The governance structure in the Company is designed to be a working structure for principled actions, effective decision-making and appropriate monitoring of both compliance and performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,757 | The key practices and procedures of the Board of Directors are outlined in the Corporate Governance Guidelines available on the Company's website at www.apple.com/investor. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,758 | Board Committees
The Board of Directors has a standing Compensation Committee, a Nominating and Corporate Governance Committee ("Nominating Committee") and an Audit and Finance Committee ("Audit Committee"). | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,759 | All committee members are independent under the listing standards of the NASDAQ Global Select Market. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,760 | The members of the committees are identified in the table below. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,761 | The Audit Committee is primarily responsible for overseeing the services performed by the Company's independent registered public accounting firm and internal audit department, evaluating the Company's accounting policies and its system of internal controls and reviewing significant financial transactions. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,762 | Members of the Audit Committee are Messrs. Campbell and York and Dr. Levinson. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,763 | The Audit Committee met a total of 14 times during fiscal year 2007. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,764 | The Compensation Committee is primarily responsible for reviewing the compensation arrangements for the Company's executive officers, including the Chief Executive Officer, and for administering the Company's equity compensation plans. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,765 | Members of the Compensation Committee are Messrs. Campbell, Drexler, and Gore. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,766 | The Compensation Committee met a total of five (5) times during fiscal year 2007. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,767 | The Nominating Committee assists the Board of Directors in identifying qualified individuals to become directors, determines the composition of the Board of Directors and its committees, monitors the process to assess the Board of Directors' effectiveness and helps develop and implement the Company's corporate governan... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,768 | The Nominating Committee also considers nominees proposed by shareholders. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,769 | Members of the Nominating Committee are Messrs. Drexler and Gore and Dr. Levinson. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,770 | The Nominating Committee met a total of three (3) times during fiscal year 2007. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,771 | The Audit, Compensation and Nominating Committees operate under written charters adopted by the Board of Directors. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,772 | These charters are available on the Company's website at www.apple.com/investor. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,773 | Audit Committee Financial Expert
The Board of Directors has determined that all members of the Company's Audit Committee, Messrs. Campbell and York and Dr. Levinson, qualify as "audit committee financial experts" as defined by the Securities and Exchange Commission (the "SEC") and also meet the additional criteria for ... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,774 | Code of Ethics
The Company has a code of ethics that applies to all of the Company's employees, including its principal executive officer, principal financial officer and principal accounting officer, and the Board of Directors. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,775 | A copy of this code, "Ethics: The Way We Do Business Worldwide," is available on the Company's website at www.apple.com/investor. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,776 | The Company intends to disclose any changes in or waivers from its code of ethics by posting such information on its website or by filing a Form 8-K.
Executive Officers of the Registrant
The following sets forth certain information regarding executive officers of the Company. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,777 | Information pertaining to Mr. Jobs, who is both a director and an executive officer of the Company, may be found in the section entitled "Directors." | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,778 | Timothy D. Cook, Chief Operating Officer, joined the Company in March 1998. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,779 | Mr. Cook also served in the position of Executive Vice President, Worldwide Sales and Operations from 2002 to 2005. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,780 | In 2004, his responsibilities were expanded to include the Company's Macintosh hardware engineering. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,781 | From 2000 to 2002, Mr. Cook served in the role of Senior Vice President, Worldwide Operations, Sales, Service and Support. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,782 | From 1998 to 2000, Mr. Cook served in the position of Senior Vice President, Worldwide Operations. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,783 | Prior to joining the Company, Mr. Cook held the position of Vice President, Corporate Materials for Compaq Computer Corporation ("Compaq"). | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,784 | Previous to his work at Compaq, Mr. Cook was the Chief Operating Officer of the Reseller Division at Intelligent Electronics. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,785 | Mr. Cook also spent 12 years with IBM, most recently as Director of North American Fulfillment. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,786 | Mr. Cook also serves as a member of the Board of Directors of Nike, Inc.
Daniel Cooperman, Senior Vice President, General Counsel and Secretary, joined the Company in November 2007. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,787 | Prior to joining the Company, he served as Senior Vice President, General Counsel and Secretary of Oracle Corporation since February 1997. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,788 | Prior to that, he had been associated with the law firm of McCutchen, Doyle, Brown & Enersen (which is now Bingham McCutchen LLP) since October 1977, and had served as a partner since June 1983. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,789 | From September 1995 until February 1997,
Mr. Cooperman was Chair of the law firm's Business and Transactions Group and from April 1989 through September 1995, he served as the Managing Partner of the law firm's San Jose office. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,790 | Tony Fadell, Senior Vice President, iPod Division, joined the Company in 2001. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,791 | From 2004 to April 2006, Mr. Fadell was Vice President of iPod Engineering. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,792 | From 2001 to 2004, Mr. Fadell was the Senior Director of the Company's iPod Engineering Team. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,793 | Prior to joining Apple, Mr. Fadell was a co-founder, CTO, and director of engineering of the Mobile Computing Group at Philips Electronics where he was responsible for all aspects of business and product development for a variety of products. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,794 | Mr. Fadell later became VP of Business Development for Philips U.S. Strategy & Ventures, focusing on building the company's digital media strategy and investment portfolio. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,795 | Ronald B. Johnson, Senior Vice President, Retail, joined the Company in January 2000. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,796 | Prior to joining the Company, Mr. Johnson spent 16 years with Target Stores, most recently as Senior Merchandising Executive. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,797 | Peter Oppenheimer, Senior Vice President and Chief Financial Officer, joined the Company in July 1996. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,798 | Mr. Oppenheimer also served the Company in the position of Vice President and Corporate Controller, and as Senior Director of Finance for the Americas. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,799 | Prior to joining the Company, Mr. Oppenheimer was CFO of one of the four business units for Automatic Data Processing, Inc. ("ADP"). | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,800 | Prior to joining ADP, Mr. Oppenheimer spent six years in the Information Technology Consulting Practice with Coopers and Lybrand. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,801 | Philip W. Schiller, Senior Vice President, Worldwide Product Marketing, rejoined the Company in 1997. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,802 | Prior to rejoining the Company, Mr. Schiller was Vice President of Product Marketing at Macromedia, Inc. from December 1995 to March 1997, and was Director of Product Marketing at FirePower Systems, Inc. from 1993 to December 1995. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,803 | Prior to that, Mr. Schiller spent six years at the Company in various marketing positions. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,804 | Bertrand Serlet, Ph.D., Senior Vice President, Software Engineering, joined the Company in February 1997 upon the Company's acquisition of NeXT and also served the Company in the position of Vice President of Platform Technology. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,805 | At NeXT, Dr. Serlet held several engineering and managerial positions, including Director of Web Engineering. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,806 | Prior to NeXT, from 1985 to 1989, Dr. Serlet worked as a research engineer at Xerox PARC. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,807 | Sina Tamaddon, Senior Vice President, Applications, joined the Company in September 1997. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,808 | Mr. Tamaddon has also served with the Company in the position of Senior Vice President, Worldwide Service and Support, and Vice President and General Manager, Newton Group. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,809 | Before joining the Company, Mr. Tamaddon held the position of Vice President, Europe with NeXT from September 1996 through March 1997. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,810 | From August 1994 to August 1996, Mr. Tamaddon held the position of Vice President, Professional Services with NeXT. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,811 | Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Exchange Act requires the Company's executive officers and directors, and persons who own more than ten percent of a registered class of the Company's equity securities, to file reports of securities ownership and changes in such ownership wit... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,812 | Executive officers, directors and greater than ten percent shareholders also are required by rules promulgated by the SEC to furnish the Company with copies of all Section 16(a) forms they file. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,813 | Based solely upon a review of the copies of such forms furnished to the Company or written representations that no Forms 5 were required, the Company believes that all Section 16(a) filing requirements were met during fiscal year 2007, except that (i) one Form 4 was filed for William Campbell on October 26, 2007 with r... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,814 | Item 11. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,815 | Executive Compensation
COMPENSATION DISCUSSION AND ANALYSIS
A. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,816 | EXECUTIVE SUMMARY
This section explains Apple's executive compensation program as it relates to the following "named executive officers:"
Apple's executive compensation program for the named executive officers consists of long-term equity awards in the form of restricted stock units ("RSUs") and cash compensation in th... | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,817 | Each year, the Compensation Committee, which is made up entirely of independent directors, determines the compensation for the named executive officers. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,818 | Apple relies heavily on long-term equity awards to attract and retain an outstanding executive team and to ensure a strong connection between executive compensation and financial performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,819 | An RSU award gives the named executive officer the right to receive, at no cost, a specified number of shares of Apple common stock when the award vests, typically at intervals of two to four years. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,820 | Because the value of the RSUs depends on Apple's future share price, the award links compensation to future financial performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,821 | The officer is generally not eligible to receive the shares if employment is terminated before the RSUs vest. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,822 | The Compensation Committee reviews annually the outstanding, unvested equity awards of each named executive officer to determine, in the Committee's discretion, whether additional awards are warranted in light of the officer's performance, the competitive environment and the other factors discussed in Section D3 below. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,823 | The performance-based cash incentives compensate the named executive officers for achieving specific financial goals established annually by the Compensation Committee, as described in Section D4. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,824 | The Committee sets aggressive performance goals each year based on the revenue and operating income objectives in Apple's internal business plan. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,825 | Payments are not automatic, however, because the Committee may exercise its discretion to reduce (but not increase) the amount of any incentive payment based on an officer's overall performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,826 | Based on the factors discussed in Section D3 below and the Committee's belief that the outstanding, unvested equity awards still had significant retention value, the Committee made no new equity awards to the named executive officers in fiscal 2007. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,827 | The officers earned cash incentives in fiscal 2007 at the maximum amount allowed by the plan-100% of base salary-because Apple's financial performance significantly exceeded the annual performance goals set by the Committee. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,828 | The Committee assessed both the amount and allocation of the compensation components for each officer based on Apple's overall annual financial performance and each officer's individual performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,829 | The Committee did not increase base salaries for the named executive officers because it concluded that the total compensation for each officer was appropriate. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,830 | Apple's shareholders have been generously rewarded for Apple's success, with a three-year annualized shareholder return of 101% through the end of fiscal 2007. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,831 | The Committee believes the compensation of the named executive officers has been appropriate and fair in light of Apple's performance. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,832 | B. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,833 | EXECUTIVE COMPENSATION OBJECTIVES
Apple's goal for executive compensation is simple: attract and retain an exceptionally talented, entrepreneurial and creative team of executives who will provide the leadership for Apple's success in dynamic, highly-competitive markets. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,834 | C. EXECUTIVE COMPENSATION OVERVIEW
1. | 0001047469-07-009340/full-submission.txt |
0000320193 | 20071115 | 10-K | 1,835 | Three Components
The compensation program for the named executive officers consists of the following three components, in order of their importance:
•Long-term equity awards in the form of RSUs under the shareholder-approved Employee Stock Plan
•Annual performance-based cash incentives under the shareholder-approved Pe... | 0001047469-07-009340/full-submission.txt |
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