Magna International : Press Release - Magna Announces 2018 Annual Meeting Results
May 10, 2018 at 02:28 pm EDT
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AURORA, Ontario, May 10, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) today announced voting results from its 2018 annual meeting of shareholders. A total of 285,727,820 Common Shares or 79.79% 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:
Nominee
Votes FOR
Scott B. Bonham
99.89%
Peter G. Bowie
99.82%
Mary S. Chan
99.77%
Dr. Kurt J. Lauk
99.88%
Robert F. MacLellan
99.80%
Cynthia A. Niekamp
99.91%
William A. Ruh
99.93%
Dr. Indira V. Samarasekera
99.59%
Donald J. Walker
99.96%
Lawrence D. Worrall
99.13%
William L. Young
99.38%
Additionally, Magna's advisory 'say on pay' vote received 97.25% 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.
MEDIA CONTACT Tracy Fuerst, Director of Corporate Communications & PR
tracy.fuerst@magna.com │ 248.631.5396
OUR BUSINESS (1)
We have more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.
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(1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations.
Appendix 'A'
VOTING RESULTS - 2018 ANNUAL MEETING OF SHAREHOLDERS
Resolution
Votes For
Votes Withheld/Against
#
%
#
%
Elect Scott B. Bonham as Director
275,145,329
99.89
299,739
0.11
Elect Peter G. Bowie as Director
274,957,788
99.82
487,280
0.18
Elect Mary S. Chan as Director
274,806,239
99.77
638,828
0.23
Elect Dr. Kurt J. Lauk as Director
275,124,189
99.88
320,879
0.12
Elect Robert F. MacLellan as Director
274,907,196
99.80
537,872
0.20
Elect Cynthia A. Niekamp as Director
275,188,757
99.91
256,311
0.09
Elect William A. Ruh as Director
275,248,787
99.93
196,280
0.07
Elect Dr. Indira V. Samarasekera as Director
274,305,245
99.59
1,139,823
0.41
Elect Donald J. Walker as Director
275,320,846
99.96
123,814
0.04
Elect Lawrence D. Worrall as Director
273,043,692
99.13
2,401,377
0.87
Elect William L. Young as Director
273,740,524
99.38
1,704,543
0.62
Re-Appointment of Deloitte LLP as Auditors
285,517,713
99.93
206,043
0.07
Advisory Resolution on Executive Compensation
267,880,692
97.25
7,564,816
2.75
Magna International Inc.
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Magna International Inc. published this content on 10 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2018 18:27:03 UTC
Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. The Company's segments include Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles. Its Body Exteriors & Structures include body structures, chassis structures, exterior, energy storage systems and other. Its Power & Vision products include electrified powertrain technologies, powertrain subsystems and other. Its Complete Vehicles consist of complete vehicle engineering and complete vehicle manufacturing. The Company's global network includes 341 manufacturing operations and 88 product development.