AURORA, ON, May 5, 2016 /CNW/ - Magna International Inc.
(TSX: MG, NYSE: MGA) announced voting results from its 2016 annual
and special meeting of shareholders held today. A total of
292,439,538 Common Shares or 73.37% of our issued and outstanding
Common Shares, were voted in connection with the 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
|
99.92%
|
|
Peter G.
Bowie
|
99.92%
|
|
Hon. J. Trevor
Eyton
|
97.68%
|
|
Lady Barbara
Judge
|
99.88%
|
|
Dr. Kurt J.
Lauk
|
99.92%
|
|
Cynthia A.
Niekamp
|
99.92%
|
|
Dr. Indira V.
Samarasekera
|
99.51%
|
|
Donald J.
Walker
|
99.92%
|
|
Lawrence D.
Worrall
|
99.62%
|
|
William L.
Young
|
99.51%
|
Additionally, Magna's advisory "say on pay" vote received 83.40%
support, the special resolution approving the amendment of Magna's
articles of incorporation to remove Section 10 of the Corporate
Constitution vote received 99.67% support and the resolution
ratifying and confirming the repeal of By-Law 1B-92 and the
adoption of By-Law No. 1 vote received 98.84% 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 305
manufacturing operations and 93 product development, engineering
and sales centres in 29 countries. We have over 139,000
employees focused on delivering superior value to our customers
through innovative products and processes, and World Class
Manufacturing. Our product capabilities include producing
body, chassis, 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 - 2016 ANNUAL AND SPECIAL
MEETING OF SHAREHOLDERS
|
Resolution
|
Votes For
|
Votes
Withheld/Against
|
|
#
|
%
|
#
|
%
|
|
Elect Scott B. Bonham
as Director
|
281,566,371
|
99.92
|
221,535
|
0.08
|
|
Elect Peter G. Bowie
as Director
|
281,569,656
|
99.92
|
218,250
|
0.08
|
|
Elect Hon. J. Trevor
Eyton as Director
|
275,238,988
|
97.68
|
6,548,917
|
2.32
|
|
Elect Lady
Barbara Judge as Director
|
281,462,716
|
99.88
|
325,189
|
0.12
|
|
Elect Dr. Kurt J.
Lauk as Director
|
281,566,970
|
99.92
|
220,936
|
0.08
|
|
Elect Cynthia A.
Niekamp as Director
|
281,572,176
|
99.92
|
215,730
|
0.08
|
|
Elect Dr. Indira V.
Samarasekera
|
280,407,455
|
99.51
|
1,380,450
|
0.49
|
|
Elect Donald J.
Walker as Director
|
281,574,028
|
99.92
|
213,878
|
0.08
|
|
Elect Lawrence D.
Worrall as Director
|
280,714,850
|
99.62
|
1,073,056
|
0.38
|
|
Elect William L.
Young as Director
|
280,397,839
|
99.51
|
1,390,066
|
0.49
|
|
Re-Appointment of
Deloitte LLP as Auditors
|
291,653,592
|
99.74
|
749,027
|
0.26
|
|
Advisory Resolution
on Approach to Executive Compensation
|
235,004,221
|
83.40
|
46,780,378
|
16.60
|
|
Special Resolution to
Amend Articles of Incorporation
|
280,868,114
|
99.67
|
919,303
|
0.33
|
|
Resolution to Ratify
and Confirm new General By-Law
|
278,507,252
|
98.84
|
3,280,164
|
1.16
|
SOURCE Magna International Inc.