Short answer
Apple Inc (AAPL) filed an 8-K current report with the SEC on September 1, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO transition effective September 1, 2026, with John Ternus succeeding Tim Cook and Cook becoming Executive Chair.
Apple Inc 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO transition effective September 1, 2026, with John Ternus succeeding Tim Cook and Cook becoming Executive Chair
- Ternus compensation: $3 million salary, $2.5 million prorated fiscal 2026 RSU award, and $55 million fiscal 2027 equity award
- Ternus equity mix: 75% performance-based RSUs tied to S&P 500 total shareholder return and 25% time-based RSUs vesting over four years
- Cook compensation: $2 million salary effective September 26, 2026, plus $45 million fiscal 2027 equity award
- Cook equity mix: 50% performance-based and 50% time-based RSUs, with retirement-related vesting protection after one year
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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