AURORA, Ontario, May 7, 2015 /PRNewswire/ --
Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2015 annual meeting of shareholders held today. A total of 316,052,524 Common Shares or 76.99% of our issued and outstanding Common Shares (on a post stock-split basis), 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 and votes cast in person at the meeting, each director nominee was elected by a substantial majority as follows:
Scott B. Bonham 99.55% Peter G. Bowie 99.95% Hon. J. Trevor Eyton 97.76% V. Peter Harder 97.80% Lady Barbara Judge 99.94% Dr. Kurt J. Lauk 99.54% Cynthia A. Niekamp 99.94% Dr. Indira V. Samarasekera 99.86% Donald J. Walker 99.95% Lawrence D. Worrall 99.69% William L. Young 99.26%
Additionally, Magna's advisory "say on pay" vote received 92.76% 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.
We are a leading global automotive supplier with 316 manufacturing operations and 87 product development, engineering and sales centres in 29 countries. We have approximately 133,000 employees focused on delivering superior value to our customers through innovative 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.
VOTING RESULTS - 2015 ANNUAL MEETING OF SHAREHOLDERS
Votes Resolution Votes For Withheld/Against # % # % Elect Scott B. Bonham as Director 303,669,864.00 99.55 1,387,374 0.45 Elect Peter G. Bowie as Director 304,914,206.00 99.95 143,034 0.05 Elect Hon. J. Trevor Eyton as Director 298,227,310.00 97.76 6,829,930 2.24 Elect V. Peter Harder as Director 298,358,726.00 97.80 6,698,510 2.20 Elect Lady Barbara Judge as Director 304,872,390.00 99.94 184,848 0.06 Elect Dr. Kurt J. Lauk as Director 303,668,506.00 99.54 1,388,730 0.46 Elect Cynthia A. Niekamp as Director 304,877,170.00 99.94 180,070 0.06 Elect Dr. Indira V. Samarasekera 304,637,962.00 99.86 419,274 0.14 Elect Donald J. Walker as Director 304,917,294.00 99.95 139,942 0.05 Elect Lawrence D. Worrall as Director 304,116,222.00 99.69 941,018 0.31 Elect William L. Young as Director 302,799,498.00 99.26 2,257,742 0.74 Re-Appointment of Deloitte LLP as Auditors 314,672,392.00 99.56 1,380,094 0.44 Advisory Resolution on Approach to Executive Compensation 282,966,086.00 92.76 22,091,146 7.24
The share numbers above reflect the two-for-one stock split completed on March 25, 2015.
For further information:
Louis Tonelli, Vice-President, Investor Relations at +1-905-726-7035
SOURCE Magna International Inc.