AURORA, Ontario, May 8, 2014 /PRNewswire/ --
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
http://www.magna.com.
APPENDIX "A"
VOTING RESULTS - 2014 ANNUAL
MEETING OF SHAREHOLDERS
Votes
Resolution Votes For 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.
For further information:
Louis Tonelli, Vice-President,
Investor Relations at +1-905-726-7035
(MG. MGA)