Apple 1996 Annual Report Download - page 10

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Certain facilities in Sacramento, California; Apeldoorn, Netherlands and in the United Kingdom are currently being held for sale as part of the
Company's restructuring plan, which includes increasing the proportion of the Company's products manufactured and distributed under
outsourcing arrangements. Further information regarding the Company's restructuring plan, may be found in Part II, Item 7 of this Form 10-K
under the subheadings "Restructuring of Operations" and "Inventory and Supply" included under the heading "Factors That May Affect Future
Results and Financial Condition," and in Part II, Item 8 on this Form 10-
K in the Notes to Consolidated Financial Statements under the heading
"Restructuring of Operations," under the subheading "Concentrations in the Available Sources of Supply of Materials and Product" included
under the heading "Concentrations of Risk," and under the subheading "Purchase Commitment" included under the heading "Commitments and
Contingencies," which information is hereby incorporated by reference.
The Company believes that its existing facilities and equipment are well maintained and in good operating condition. The Company has
invested in additional internal capacity and external partnerships, and therefore believes it has adequate manufacturing capacity for the
foreseeable future even after the sale of the foregoing facilities. The Company continues to make investments in capital equipment as needed to
meet anticipated demand for its products.
Information regarding critical business operations that are located near major earthquake faults is set forth in Part II, Item 7 of this Form 10-K
under the subheading "Other Factors" included under the heading "Factors That May Affect Future Results and Financial Condition", which
information is hereby incorporated by reference.
Item 3. Legal Proceedings
Information regarding legal proceedings is set forth in Part II, Item 8 of this Form 10-K under the subheading "Litigation," included under the
heading "Commitments and Contingencies," which information is hereby incorporated by reference.
Item 4. Submission of Matters to a Vote of Security Holders
No matters were submitted to a vote of security holders during the fourth quarter of the Company's fiscal year ended September 27, 1996.
Executive Officers of the Registrant
The following sets forth certain information regarding the executive officers of the Company as of December 5, 1996:
Gilbert F. Amelio*, Chairman and Chief Executive Officer (age 53). Dr. Amelio joined the Company's Board of Directors in November 1994
and was elected Chairman of the Board and Chief Executive Officer in February 1996. From 1991 to February 1996, Dr. Amelio was President
and Chief Executive Officer of National Semicondutor Corporation, a manufacturer of semiconductors. Previously, he served as president of
Rockwell Communications Systems, a subsidiary of Rockwell International. He is currently a director of Pacific Telesis Group, a
communications and information services company.
Fred D. Anderson*, Executive Vice President and Chief Financial Officer (age 52). Mr. Anderson joined the Company in April 1996 as
Executive Vice President and Chief Financial Officer. Prior to joining the Company, Mr. Anderson was Corporate Vice President and Chief
Financial Officer of Automatic Data Processing, Inc. ("ADP"), a computing services company, from August 1992 to March 1996. Prior to
joining ADP, Mr. Anderson held several domestic and international executive positions at MAI Basic Four, Inc., including President and Chief
Operating Officer.
Ellen M. Hancock, Executive Vice President and Chief Technology Officer (age 53). Ms. Hancock joined the Company in July 1996 as
Executive Vice President, Research and Development and Chief Technology Officer. From September 1995 to May 1996, she was Executive
Vice President, Chief Operating Officer of National Semiconductor Corporation, a manufacturer of semiconductors. Prior to her employment
with National Semiconductor, she was Senior Vice President and Group Executive of the Networking Hardware, Networking Software, and
Software Solutions divisions at International Business Machines ("IBM") from 1993-1995.
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