AURORA, ON, May 11, 2017 /CNW/ - Magna International Inc.
(TSX: MG; NYSE: MGA) today announced voting results from its 2017
annual meeting of shareholders. A total of 277,209,607 Common
Shares or 72.69% 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
|
99.76%
|
Peter G.
Bowie
|
99.72%
|
Lady Barbara
Judge
|
97.97%
|
Dr. Kurt J.
Lauk
|
99.83%
|
Cynthia A.
Niekamp
|
99.82%
|
William A.
Ruh
|
99.86%
|
Dr. Indira V.
Samarasekera
|
98.77%
|
Donald J.
Walker
|
99.87%
|
Lawrence D.
Worrall
|
98.67%
|
William L.
Young
|
98.71%
|
Additionally, Magna's advisory "say on pay" vote received 92.19%
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.
OUR BUSINESS (1)
We are a leading global
automotive supplier with 321 manufacturing operations and 102
product development, engineering and sales centres in 29 countries.
We have over 159,000 employees focused on delivering superior value
to our customers through innovative products and processes, and
world class manufacturing. We have complete vehicle engineering and
contract manufacturing expertise, as well as product capabilities
which include body, chassis, exterior, seating, powertrain, active
driver assistance, vision, closure and roof systems and have
electronic and software capabilities across many of these areas.
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.
______________________
(1) Manufacturing operations, product development,
engineering and sales centres and employee figures include certain
equity-accounted operations.
Appendix "A"
VOTING RESULTS - 2017 ANNUAL MEETING OF
SHAREHOLDERS
Resolution
|
Votes For
|
Votes
Withheld/Against
|
#
|
%
|
#
|
%
|
Elect Scott B. Bonham
as Director
|
258,195,412
|
99.76
|
614,135
|
0.24
|
Elect Peter G. Bowie
as Director
|
258,075,876
|
99.72
|
733,670
|
0.28
|
Elect Lady Barbara
Judge as Director
|
253,553,704
|
97.97
|
5,255,843
|
2.03
|
Elect Dr. Kurt J.
Lauk as Director
|
258,370,214
|
99.83
|
439,332
|
0.17
|
Elect Cynthia A.
Niekamp as Director
|
258,350,970
|
99.82
|
458,576
|
0.18
|
Elect William A. Ruh
as Director
|
258,436,555
|
99.86
|
372,993
|
0.14
|
Elect Dr. Indira V.
Samarasekera as Director
|
255,613,802
|
98.77
|
3,195,744
|
1.23
|
Elect Donald J.
Walker as Director
|
258,481,919
|
99.87
|
327,565
|
0.13
|
Elect Lawrence D.
Worrall as Director
|
255,373,016
|
98.67
|
3,436,531
|
1.33
|
Elect William L.
Young as Director
|
255,479,889
|
98.71
|
3,329,659
|
1.29
|
Re-Appointment of
Deloitte LLP as Auditors
|
276,184,420
|
99.63
|
1,022,261
|
0.37
|
Advisory Resolution
on Approach to Executive Compensation
|
238,602,711
|
92.19
|
20,205,970
|
7.81
|
SOURCE Magna International Inc.