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Press release from CNW Group

Magna announces 2013 annual meeting results

Friday, May 10, 2013

Magna announces 2013 annual meeting results

14:32 EDT Friday, May 10, 2013

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.

For further information:

For further information, please contact Louis Tonell, Vice-President, Investor Relations at 905-726-7035.

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