-Apple says disappointed with court ruling; proposal #2 part of our efforts to further enhance corporate governance.
-Apple says due to today’s court decision, shareholders will not be able to vote on Proposal #2.
Apple is obviously disappointed in the ruling, but seems to accept that shareholders will not be able to vote on Proposal #2. This proposal is for Apple shareholders to have to vote for Apple to issue preferred stock shares.
On the other hand, Greenlight calls the win “significant:”
Greenlight Capital statement on Apple court ruling: This is a significant win for all Apple shareholders and for good corporate governance.
Apple CEO Tim Cook previously referred to the situation as a “silly sideshow.”