AAPL 8-K — Smart Summary
78% reductionApple Inc. announced that CEO Tim Cook will transition to Executive Chair of the Board effective September 1, 2026, with John Ternus appointed as the new CEO and Board member on the same date. Art Levinson will shift from Board Chair to Lead Independent Director concurrent with these changes.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Appointments
- Chief Executive Officer John Ternus — appointed CEO effective September 1, 2026, transitioning from Senior Vice President of Hardware Engineering; will enter into Apple's standard indemnification agreement for directors and executive officers; compensation details to be filed by amendment within four business days of determination
Departures
- Chief Executive Officer Tim Cook — transitioning out of CEO role, effective September 1, 2026; will become Executive Chair of the Board on the same date
- Chair of the Board Art Levinson — stepping down as Chair of the Board, effective September 1, 2026; will become Lead Independent Director on the same date
Elections
- Director & Chief Executive Officer John Ternus — appointed to the Board and as CEO effective September 1, 2026; age 50; joined Apple in 2001; has served as Senior Vice President of Hardware Engineering since 2021; previously served as Vice President, Hardware Engineering; no committee assignments disclosed
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8-K
Shareholders approve director slate, auditors, and amended stock plan at annual
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