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AI brief of an SEC Form 8-K · Apple (AAPL)

Apple CEO Tim Cook to become Executive Chair; John Ternus named CEO effective Sept. 1

Neutral Impact 4 of 5 leadership Written later

Apple said Tim Cook will step down as Chief Executive Officer and become Executive Chair of the Board effective September 1, 2026. The Board appointed John Ternus, currently Senior Vice President of Hardware Engineering, as CEO and a Board member, effective the same date. For shareholders, this is a planned leadership succession that changes who runs the company day to day.

Key points

  • Tim Cook moves from CEO to Executive Chair of the Board effective September 1, 2026.
  • John Ternus, 50, joined Apple in 2001 and was named CEO by the Board on April 17, 2026, effective September 1, 2026.
  • Art Levinson, current Chair, becomes Lead Independent Director on September 1, 2026.

The filing

CompanyApple (AAPL)
Form8-K, current report
Filed with the SECApr 20, 2026, 5:29 PM ET
Accession number0001140361-26-015711

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 20, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.