AURORA, ON, May 7, 2015 /CNW/ - Magna International Inc.
(TSX: MG, NYSE: MGA) announced voting results from its 2015
annual meeting of shareholders held today. A total of 316,052,524
Common Shares or 76.99% of our issued and outstanding Common Shares
(on a post stock-split basis), were voted in connection with the
annual meeting. Shareholders voted by a show of hands in favour of
each item of business. Based on proxies received prior to the
meeting and votes cast in person at the meeting, each director
nominee was elected by a substantial majority as follows:
Scott B. Bonham |
99.55% |
Peter G. Bowie |
99.95% |
Hon. J. Trevor Eyton |
97.76% |
V. Peter Harder |
97.80% |
Lady Barbara Judge |
99.94% |
Dr. Kurt J. Lauk |
99.54% |
Cynthia A. Niekamp |
99.94% |
Dr. Indira V. Samarasekera |
99.86% |
Donald J. Walker |
99.95% |
Lawrence D. Worrall |
99.69% |
William L. Young |
99.26% |
Additionally, Magna's advisory "say on pay" vote
received 92.76% support based on proxies received prior to the
meeting and votes cast in person at the meeting. Full results
of the votes are included as Appendix "A" to this press
release.
ABOUT MAGNA
We are a leading global automotive supplier with
316 manufacturing operations and 87 product development,
engineering and sales centres in 29 countries. We have
approximately 133,000 employees focused on delivering superior
value to our customers through innovative processes and World Class
Manufacturing. Our product capabilities include producing
body, chassis, interior, exterior, seating, powertrain, electronic,
vision, closure and roof systems and modules, as well as complete
vehicle engineering and contract manufacturing. Our common
shares trade on the Toronto Stock Exchange (MG) and the New York
Stock Exchange (MGA). For further information about Magna,
visit our website at www.magna.com.
Appendix "A"
VOTING RESULTS - 2015 ANNUAL MEETING OF
SHAREHOLDERS
Resolution |
Votes For |
Votes
Withheld/Against |
# |
% |
# |
% |
Elect Scott B. Bonham as Director |
303,669,864.00 |
99.55 |
1,387,374 |
0.45 |
Elect Peter G. Bowie as Director |
304,914,206.00 |
99.95 |
143,034 |
0.05 |
Elect Hon. J. Trevor Eyton as Director |
298,227,310.00 |
97.76 |
6,829,930 |
2.24 |
Elect V. Peter Harder as Director |
298,358,726.00 |
97.80 |
6,698,510 |
2.20 |
Elect Lady Barbara Judge as Director |
304,872,390.00 |
99.94 |
184,848 |
0.06 |
Elect Dr. Kurt J. Lauk as Director |
303,668,506.00 |
99.54 |
1,388,730 |
0.46 |
Elect Cynthia A. Niekamp as Director |
304,877,170.00 |
99.94 |
180,070 |
0.06 |
Elect Dr. Indira V. Samarasekera |
304,637,962.00 |
99.86 |
419,274 |
0.14 |
Elect Donald J. Walker as Director |
304,917,294.00 |
99.95 |
139,942 |
0.05 |
Elect Lawrence D. Worrall as Director |
304,116,222.00 |
99.69 |
941,018 |
0.31 |
Elect William L. Young as Director |
302,799,498.00 |
99.26 |
2,257,742 |
0.74 |
Re-Appointment of Deloitte LLP as Auditors |
314,672,392.00 |
99.56 |
1,380,094 |
0.44 |
Advisory Resolution on Approach to Executive
Compensation |
282,966,086.00 |
92.76 |
22,091,146 |
7.24 |
Note:
The share numbers above reflect the two-for-one
stock split completed on March 25,
2015.
SOURCE Magna International Inc.