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News Release by APPLE ($AAPL) - Steve Jobs's medical leave of absence

On January 17, 2011, Apple Inc. ("Apple") issued a media advisory announcing Chief Executive Officer Steve Jobs's medical leave of absence. As CEO, Mr. Jobs will remain involved in major strategic decisions during this leave of absence, and Chief Operating Officer Tim Cook will be responsible for Apple's day to day operations. The media advisory is attached hereto as Exhibit 99.1 and is incorporated by reference herein in its entirety. In satisfaction of the disclosure required pursuant to Sections 401(b) and 401(e) of Regulation S-K, the section of the Company's 2011 Proxy Statement, filed with the SEC on January 7, 2011, entitled "Executive Officers" is incorporated by reference herein. With respect to the disclosure required pursuant to Section 401(d) of Regulation S-K, there are no family relationships between Mr. Cook and any director or executive officer of Apple. With respect to Section 404(a) of Regulation S-K, there are no relationships or related transactions between Mr. Cook and Apple that would be required to be reported.

Tags: Medical Leave
2 total votes | Comments (0) | Created by steve on 2011-01-19 - Login to vote or comment!

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