Blame at Wells Fargo’s AGM, plus Ingles governance joke, Cook out, Texas reject

This is Proxy Countdown. Welcome to the big show for the week of April 20, 2026 alongside my tag team partner Matt Moscardi. I'm Damion Rallis. On today’s countdown:Tim Cook changes chairs at AppleWhile Corrie Barry loses hers at Best BuyActivist investors raise the Sackler Sucks flag at Ingles MarketsShareholders love mergers but hate merger payAnd on the Big Vote, Matt looks at Charles Scharf and his boy band at Wells Fargo&lt;TRADE WIRE BUMPER&gt;Trade WireTop Stories:30 Filings since April 16The headlinesApple Inc. (AAPL):Tim Cook transitioning to Exec ChairJohn Ternus promoted to CEO and directorArt Levinson, current Chair (2011-), will become Lead Independent Director NETFLIX INC (NFLX): Chair Reed Hastings resigning as of 2026 AGMSOUTHERN COPPER CORP/ (SCCO)CEO Oscar Gonzalez Rocha passed awayappointed director Leonardo Contreras Lerdo de Tejada as interim CEOBEST BUY CO INC (BBY)Jason Bonfig promoted; succeeding Corie BarryCorie barry leaving boardDavid W. Kenny stays as chairCorie Barry will remain employed as a strategic advisor in a non-executive officer role for six months: base salary will decrease to $1,000,000, will remain eligible for a pro-rated payout of her short-term incentive award for the portion of fiscal 2027 in which she served as CEO, LT equity will continue to vest, and she will remain eligible for executive-level employee benefitsLululemon names former Nike exec Heidi O'Neill as CEOGolden hello: $7M equity, $2M cashLululemon board: 7 of 11 FChair Martha MorfittCommittees:Audit: 2 of 3 F, including chairNomination: 3 of 5Pay: 3 of 5 F, including chairAlso: CFO, Chief Merchandising Officer, Chief People &amp; Culture Officer, Chief Legal and Compliance Officer, Chief Brand &amp; Product Activation Officer<p data-rte-preserve-empty="