UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934
For the month of May 2024
Commission File Number: 001-11444
MAGNA INTERNATIONAL INC.
(Exact Name of Registrant as specified in its Charter)
337 Magna Drive, Aurora, Ontario, CANADA L4G 7K1
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
MAGNA INTERNATIONAL INC. | ||
(Registrant) | ||
Date: May 9, 2024 | By: | /s/ "Bassem Shakeel" |
Bassem A. Shakeel, | ||
Vice-President, Associate General Counsel and Corporate Secretary | ||
EXHIBITS
Exhibit 99 | Press Release and Report of Voting Results related to the Registrant’s Annual Meeting of Shareholders held on May 9, 2024. |
EXHIBIT 99
PRESS RELEASE |
Magna Announces 2024 Annual Meeting Results
AURORA, Ontario, May 09, 2024 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2024 annual meeting of shareholders held on May 9, 2024. A total of 230,328,916 Common Shares or 80.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows:
a. Election of Directors
Nominee | Votes FOR | Nominee | Votes FOR |
Mary S. Chan | 95.27% | Mary Lou Maher | 98.16% |
Hon. V. Peter Harder | 98.97% | William A. Ruh | 96.46% |
Jan R. Hauser | 99.73% | Dr. Indira V. Samarasekera | 89.07% |
Seetarama S. Kotagiri (CEO) | 99.54% | Matthew Tsien | 96.22% |
Jay K. Kunkel | 99.83% | Dr. Thomas Weber | 95.08% |
Robert F. MacLellan | 97.63% | Lisa S. Westlake | 95.29% |
b. Other Items of Business
Item | Votes FOR |
Reappointment of Deloitte | 99.65% |
Say on Pay | 85.36% |
Based on the voting results, all 12 nominees were re-elected to the Board, Deloitte was reappointed as independent auditor, and the “Say on Pay” resolution was approved – in each case by a substantial majority. Detailed voting results are included as Appendix “A” to this press release.
Following the annual meeting, Magna’s Board confirmed:
Additionally, the Board appointed Mary Lou Maher as Audit Committee Chair.
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com │ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice-President, Corporate Communications & PR
tracy.fuerst@magna.com │ 248.761.7004
OUR BUSINESS (1)
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of 179,000(2) employees across 343 manufacturing operations and 105 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
_________________________________
(1) Manufacturing operations, product development, engineering and sales centres include certain operations accounted for under the equity method.
(2) Number of employees includes over 168,000 employees at our wholly owned or controlled entities and over 11,000 employees at certain operations accounted for under the equity method.
Appendix “A” | ||||
VOTING RESULTS - 2024 ANNUAL MEETING OF SHAREHOLDERS | ||||
Resolution | Votes For | Votes Withheld/Against | ||
# | % | # | % | |
Elect Mary S. Chan as Director | 210,757,008 | 95.27% | 10,459,072 | 4.73% |
Elect Hon. V. Peter Harder as Director | 218,937,628 | 98.97% | 2,278,451 | 1.03% |
Elect Jan R. Hauser as Director | 220,612,060 | 99.73% | 604,019 | 0.27% |
Elect Seetarama S. Kotagiri (CEO) as Director | 220,191,583 | 99.54% | 1,023,497 | 0.46% |
Elect Jay K. Kunkel as Director | 220,843,148 | 99.83% | 372,931 | 0.17% |
Elect Robert F. MacLellan as Director | 215,972,307 | 97.63% | 5,243,772 | 2.37% |
Elect Mary Lou Maher as Director | 217,156,631 | 98.16% | 4,059,448 | 1.84% |
Elect William A. Ruh as Director | 213,392,737 | 96.46% | 7,823,342 | 3.54% |
Elect Dr. Indira V. Samarasekera as Director | 197,029,150 | 89.07% | 24,186,928 | 10.93% |
Elect Matthew Tsien as Director | 212,857,571 | 96.22% | 8,358,062 | 3.78% |
Elect Dr. Thomas Weber as Director | 210,326,396 | 95.08% | 10,889,683 | 4.92% |
Elect Lisa S. Westlake as Director | 210,793,229 | 95.29% | 10,422,850 | 4.71% |
Re-Appointment of Deloitte LLP as Auditor | 229,513,189 | 99.65% | 815,727 | 0.35% |
Advisory Resolution on Executive Compensation | 188,837,911 | 85.36% | 32,377,922 | 14.64% |