AURORA, ON, May 10, 2013 /PRNewswire/ - Magna
International Inc. (TSX: MG, NYSE: MGA) announced voting
results from its 2013 annual meeting of shareholders held today. A
total of 188,720,891 million Common Shares, or 80.6% of our issued
and outstanding Common Shares, were voted in connection with the
annual meeting. Shareholders voted in favour of all items of
business, including election of each director nominee by a
substantial majority as follows:
Scott B. Bonham |
99.5% |
Peter G. Bowie |
99.7% |
Hon. J. Trevor Eyton |
98.1% |
V. Peter Harder |
98.1% |
Lady Barbara Judge |
97.7% |
Kurt J. Lauk |
99.2% |
Donald J. Walker |
99.7% |
Lawrence D. Worrall |
99.7% |
William L. Young |
98.9% |
Additionally, Magna's advisory "say on pay" vote received 75.0%
support. Full results of the votes are included as Appendix
"A" to this press release.
ABOUT MAGNA
We are a leading global automotive supplier with
315 manufacturing operations and 87 product development,
engineering and sales centres in 29 countries. Our 121,000
employees are focused on delivering superior value to our customers
through innovative processes and World Class Manufacturing. Our
product capabilities include producing body, chassis, interiors,
exteriors, seating, powertrain, electronics, mirrors, closures and
roof systems and modules, as well as complete vehicle engineering
and contract manufacturing. For further information about Magna,
visit our website at www.magna.com.
APPENDIX "A"
VOTING RESULTS - 2013 ANNUAL MEETING OF
SHAREHOLDERS
Resolution
|
Vote Type*
|
Voted |
Voted (%) |
Elect Scott B. Bonham as Director
|
For
Withheld |
182,853,429
880,235 |
99.5
0.5 |
Elect Peter G. Bowie as Director
|
For
Withheld |
183,193,443
540,220 |
99.7
0.3 |
Elect Hon. J. Trevor Eyton as Director
|
For
Withheld |
180,295,635
3,438,028 |
98.1
1.9 |
Elect V. Peter Harder as Director
|
For
Withheld
|
180,221,724
3,511,939
|
98.1
1.9
|
Elect Lady Barbara Judge as
Director
|
For
Withheld |
179,550,053
4,183,611 |
97.7
2.3 |
Elect Kurt J. Lauk as Director
|
For
Withheld |
182,292,465
1,441,198 |
99.2
0.8 |
Elect Donald J. Walker as Director
|
For
Withheld |
183,199,999
533,665 |
99.7
0.3 |
Elect Lawrence D. Worrall as Director
|
For
Withheld |
183,185,633
548,030 |
99.7
0.3 |
Elect William L. Young as Director
|
For
Withheld |
181,614,303
2,119,359 |
98.9
1.1 |
Appointment of Auditors
|
For
Withheld |
185,486,401
3,234,382 |
98.3
1.7 |
Advisory Resolution on Approach to
Executive Compensation
|
For
Against |
137,713,877
46,020,781 |
75.0
25.0 |
* No invalid proxies were submitted.
SOURCE Magna International Inc.