On January 6, 2016, Apple Inc. announced that it has received a shareholder proposal from James McRitchie asking the Company's board, to the fullest extent permitted by law, to amend the governing documents to allow shareholders to make board nominations as follows: (1) the Company proxy statement, form of proxy, and voting instruction forms shall include, listed with the board's nominees, alphabetically by last name, nominees of any part of one or more shareholders that has collectively held, continuously for three years, at least three percent of the Company's securities eligible to vote for the election of directors, (2) for any board election, no shareowner may be a member of more than one such nominating party. Board members and officers of the Company may not be members of any such nominating party of shareholders, (3) parties nominating under these provisions may collectively make nominations numbering up to 25% of the company's board of directors but no single party of shareholders may nominate more than one director, (4) preference will be shown to groups holding the greatest number of the Company's shares for at least three years, (5) nominees may include in the proxy statement a 500 word supporting statement, and (6) each proxy statement or special meeting notice to elect board members shall include instructions for nominating under these provisions, fully explaining all legal requirements for nominators and nominees under federal law, state law and the company's governing documents.