AURORA, Ontario, May 7, 2015 /PRNewswire/ --
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
http://www.magna.com.
Appendix "A"
VOTING RESULTS - 2015 ANNUAL MEETING
OF SHAREHOLDERS
Votes
Resolution Votes For 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.
For further information:
Louis Tonelli, Vice-President,
Investor Relations at +1-905-726-7035