EX-99.1 2 a17-12806_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

 

PRESS RELEASE

 

MAGNA ANNOUNCES 2017 ANNUAL MEETING RESULTS

 

AURORA, Ontario, May 11, 2017 — 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.

 

INVESTOR CONTACT

 

Louis Tonelli, Vice-President, Investor Relations

louis.tonelli@magna.com  |  905.726.7035

 

MEDIA CONTACT

 

Tracy Fuerst, Director of Corporate Communications & PR

tracy.fuerst@magna.com  |  248.631.5396

 

MAGNA ANNOUNCES 2017 ANNUAL MEETING RESULTS

 

CONNECT WITH MAGNA

 

 

 

 

 

 



 

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.

 

MAGNA ANNOUNCES 2017 ANNUAL MEETING RESULTS

 

CONNECT WITH MAGNA

 

 

 

 

 

 



 

Appendix “A”

 

VOTING RESULTS - 2017 ANNUAL MEETING OF SHAREHOLDERS

 

 

 

Votes For

 

Votes Withheld/Against

 

Resolution

 

#

 

%

 

#

 

%

 

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

 

 

MAGNA ANNOUNCES 2017 ANNUAL MEETING RESULTS

 

CONNECT WITH MAGNA