AURORA, ON, May 10, 2013 /CNW/ - Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2013 annual meeting of shareholders
held today. A total of 188,720,891 million Common Shares, or 80.6% of
our issued and outstanding Common Shares, were voted in connection with
the annual meeting. Shareholders voted in favour of all items of
business, including election of each director nominee by a substantial
majority as follows:
|
Scott B. Bonham
|
99.5%
|
|
Peter G. Bowie
|
99.7%
|
|
Hon. J. Trevor Eyton |
98.1%
|
|
V. Peter Harder |
98.1%
|
| Lady Barbara Judge |
97.7%
|
|
Kurt J. Lauk
|
99.2%
|
|
Donald J. Walker
|
99.7%
|
|
Lawrence D. Worrall
|
99.7%
|
|
William L. Young
|
98.9%
|
Additionally, Magna's advisory "say on pay" vote received 75.0%
support. 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 87 product development, engineering and sales centres in
29 countries. Our 121,000 employees are focused on delivering superior
value to our customers through innovative processes and World Class
Manufacturing. Our product capabilities include producing body,
chassis, interiors, exteriors, seating, powertrain, electronics,
mirrors, closures and roof systems and modules, as well as complete
vehicle engineering and contract manufacturing. For further information
about Magna, visit our website at www.magna.com.
APPENDIX "A"
VOTING RESULTS - 2013 ANNUAL MEETING OF SHAREHOLDERS
Resolution
| Vote Type*
| Voted | Voted (%) |
Elect Scott B. Bonham as Director
|
For
Withheld
|
182,853,429
880,235
|
99.5
0.5
|
Elect Peter G. Bowie as Director
|
For
Withheld
|
183,193,443
540,220
|
99.7
0.3
|
Elect Hon. J. Trevor Eyton as Director
|
For
Withheld
|
180,295,635
3,438,028
|
98.1
1.9
|
Elect V. Peter Harder as Director
|
For
Withheld
|
180,221,724
3,511,939
|
98.1
1.9
|
Elect Lady Barbara Judge as
Director
|
For
Withheld
|
179,550,053
4,183,611
|
97.7
2.3
|
Elect Kurt J. Lauk as Director
|
For
Withheld
|
182,292,465
1,441,198
|
99.2
0.8
|
Elect Donald J. Walker as Director
|
For
Withheld
|
183,199,999
533,665
|
99.7
0.3
|
Elect Lawrence D. Worrall as Director
|
For
Withheld
|
183,185,633
548,030
|
99.7
0.3
|
Elect William L. Young as Director
|
For
Withheld
|
181,614,303
2,119,359
|
98.9
1.1
|
Appointment of Auditors
|
For
Withheld
|
185,486,401
3,234,382
|
98.3
1.7
|
Advisory Resolution on Approach to
Executive Compensation
|
For
Against
|
137,713,877
46,020,781
|
75.0
25.0
|
* No invalid proxies were submitted.
SOURCE: Magna International Inc.
<p> For further information, please contact Louis Tonell, Vice-President, Investor Relations at 905-726-7035. </p>