EX-99 2 a18-13258_1ex99.htm EX-99

Exhibit 99

 

 

 

MAGNA ANNOUNCES 2018 ANNUAL MEETING RESULTS

 

AURORA, Ontario, May 10, 2018 — Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2018 annual meeting of shareholders. A total of 285,727,820 Common Shares or 79.79% 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

 

99.89%

Peter G. Bowie

 

99.82%

Mary S. Chan

 

99.77%

Dr. Kurt J. Lauk

 

99.88%

Robert F. MacLellan

 

99.80%

Cynthia A. Niekamp

 

99.91%

William A. Ruh

 

99.93%

Dr. Indira V. Samarasekera

 

99.59%

Donald J. Walker

 

99.96%

Lawrence D. Worrall

 

99.13%

William L. Young

 

99.38%

 

Additionally, Magna’s advisory “say on pay” vote received 97.25% 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 2018 ANNUAL MEETING RESULTS

CONNECT WITH MAGNA

 

 



 

OUR BUSINESS (1)

 

We have more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world’s largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.

 


(1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations.

 



 

Appendix “A”

 

VOTING RESULTS - 2018 ANNUAL MEETING OF SHAREHOLDERS

 

 

 

Votes For

 

Votes Withheld/Against

 

Resolution

 

#

 

%

 

#

 

%

 

Elect Scott B. Bonham as Director

 

275,145,329

 

99.89

 

299,739

 

0.11

 

 

 

 

 

 

 

 

 

 

 

Elect Peter G. Bowie as Director

 

274,957,788

 

99.82

 

487,280

 

0.18

 

 

 

 

 

 

 

 

 

 

 

Elect Mary S. Chan as Director

 

274,806,239

 

99.77

 

638,828

 

0.23

 

 

 

 

 

 

 

 

 

 

 

Elect Dr. Kurt J. Lauk as Director

 

275,124,189

 

99.88

 

320,879

 

0.12

 

 

 

 

 

 

 

 

 

 

 

Elect Robert F. MacLellan as Director

 

274,907,196

 

99.80

 

537,872

 

0.20

 

 

 

 

 

 

 

 

 

 

 

Elect Cynthia A. Niekamp as Director

 

275,188,757

 

99.91

 

256,311

 

0.09

 

 

 

 

 

 

 

 

 

 

 

Elect William A. Ruh as Director

 

275,248,787

 

99.93

 

196,280

 

0.07

 

 

 

 

 

 

 

 

 

 

 

Elect Dr. Indira V. Samarasekera as Director

 

274,305,245

 

99.59

 

1,139,823

 

0.41

 

 

 

 

 

 

 

 

 

 

 

Elect Donald J. Walker as Director

 

275,320,846

 

99.96

 

123,814

 

0.04

 

 

 

 

 

 

 

 

 

 

 

Elect Lawrence D. Worrall as Director

 

273,043,692

 

99.13

 

2,401,377

 

0.87

 

 

 

 

 

 

 

 

 

 

 

Elect William L. Young as Director

 

273,740,524

 

99.38

 

1,704,543

 

0.62

 

 

 

 

 

 

 

 

 

 

 

Re-Appointment of Deloitte LLP as Auditors

 

285,517,713

 

99.93

 

206,043

 

0.07

 

 

 

 

 

 

 

 

 

 

 

Advisory Resolution on Executive Compensation

 

267,880,692

 

97.25

 

7,564,816

 

2.75