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Under all its policies, Egan-Jones Proxy Services recommends that shareholders vote AGAINST the shareholder proposal to cease DEI efforts at Apple at the upcoming annual shareholder meeting on February 25th.

Egan-Jones offers a variety of policies - philosophies through which to evaluate proposals - in order to align our recommendations with the viewpoints of our customers. Examples of this implementation are as follows:

1. Recommendations for the Wealth-Focused Policy are based only on the objective to enhance and protect shareholder wealth. Under this Policy, Egan-Jones recommends AGAINST the proposal to cease DEI efforts at Apple. The Wealth-Focused Policy does not seek to restrict management’s operations. As Apple has delivered high returns to shareholders, we see no reason to impose restrictions on their operations.
2. Recommendations for the ESG Policy consider environmental, social, and governance matters as key business risks that affect a company’s long-term profitability. Under this Policy, Egan-Jones recommends against the proposal to cease DEI efforts at Apple as, under the ESG Policy, the company is considering a key business risk through its existing DEI efforts.

Please see our website for more information on the various policies offered. Egan-Jones offers research reports, vote recommendations, and NP-X reporting to minimize the hassle of proxy voting, align vote recommendations with our customers, and ease the burden of compliance.