AURORA, ON,
May 8, 2014 /CNW/ - Magna
International Inc. (TSX: MG, NYSE: MGA) announced voting
results from its 2014 annual meeting of shareholders held today. A
total of 180,384,093 Common Shares or 82.09% of our issued and
outstanding Common Shares, 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,
each director nominee was elected by a substantial majority as
follows:
Scott B. Bonham |
99.45% |
| Peter G. Bowie |
99.94% |
| Hon. J. Trevor Eyton |
98.85% |
| V. Peter Harder |
97.82% |
| Lady Barbara Judge |
99.30% |
| Dr. Kurt J. Lauk |
99.40% |
| Cynthia A. Niekamp |
99.86% |
| Dr. Indira V. Samarasekera |
99.87% |
| Donald J. Walker |
99.81% |
| Lawrence D. Worrall |
99.82% |
| William L. Young |
99.54% |
Additionally, Magna's advisory "say on pay" vote
received 82.26% support based on proxies received prior to 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
315 manufacturing operations and 82 product development,
engineering and sales centres in 29 countries. We have over
128,000 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, 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 www.magna.com.
APPENDIX "A"
VOTING RESULTS - 2014 ANNUAL MEETING OF
SHAREHOLDERS
| Resolution |
Votes For |
Votes
Withheld/Against |
| # |
% |
# |
% |
| Elect Scott B. Bonham as
Director |
174,323,766 |
99.45 |
956,597 |
0.55% |
| Elect Peter G. Bowie as Director |
175,170,042
|
99.94 |
110,321 |
0.06% |
| Elect Hon. J. Trevor Eyton as
Director |
173,260,465
|
98.85 |
2,019,898 |
1.15% |
| Elect V. Peter Harder as
Director |
171,450,981
|
97.82 |
3,829,382 |
2.18% |
| Elect Lady Barbara Judge as
Director |
174,058,978 |
99.30 |
1,221,385 |
0.70%
|
| Elect Dr. Kurt J. Lauk as
Director |
174,231,395
|
99.40 |
1,048,968 |
0.60% |
| Elect Cynthia A. Niekamp as
Director |
175,027,173
|
99.86 |
253,189 |
0.14% |
| Elect Dr. Indira V. Samarasekera |
175,046,216
|
99.87 |
234,146 |
0.13% |
| Elect Donald J. Walker as
Director |
174,955,057
|
99.81 |
325,305 |
0.19% |
| Elect Lawrence D. Worrall as
Director |
174,968,896
|
99.82 |
311,467 |
0.18% |
| Elect William L. Young as
Director |
174,480,155
|
99.54 |
800,208 |
0.46% |
| Appointment of Deloitte LLP as
Auditors |
178,047,880
|
98.71 |
2,332,816 |
1.29% |
| Advisory Resolution on Approach to
Executive Compensation |
144,188,920
|
82.26 |
31,091,441 |
0.00% |
Notes:
- Based on proxies submitted.
- No invalid proxies were submitted.
- 180,382,296 shares (82.09%) were voted by proxy. 1,797
shares (less than 1%) were voted in person at the meeting.
SOURCE Magna International Inc.