Press release from PR Newswire
Magna announces 2013 annual meeting results
Friday, May 10, 2013
Magna announces 2013 annual meeting results14:32 EDT Friday, May 10, 2013
AURORA, ON, May 10, 2013 /PRNewswire/ - 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.
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.
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.
For further information: <p> For further information, please contact Louis Tonell, Vice-President, Investor Relations at 905-726-7035. </p>