10172017Headline:

Magna announces 2017 annual meeting results

May 11, 2017 - (Newswire)

Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2017 annual meeting of shareholders. A total of 277,209,607 Common Shares or 72.69% 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

99.76%

Peter G. Bowie

99.72%

Lady Barbara Judge

97.97%

Dr. Kurt J. Lauk

99.83%

Cynthia A. Niekamp

99.82%

William A. Ruh

99.86%

Dr. Indira V. Samarasekera

98.77%

Donald J. Walker

99.87%

Lawrence D. Worrall

98.67%

William L. Young

98.71%

Additionally, Magna's advisory "say on pay" vote received 92.19% 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.

OUR BUSINESS (1)
We are a leading global automotive supplier with 321 manufacturing operations and 102 product development, engineering and sales centres in 29 countries. We have over 159,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems and have electronic and software capabilities across many of these areas. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

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

Appendix "A"

VOTING RESULTS - 2017 ANNUAL MEETING OF SHAREHOLDERS

View Table Fullscreen

Resolution

Votes For

Votes Withheld/Against

#

%

#

%

Elect Scott B. Bonham as Director

258,195,412

99.76

614,135

0.24

Elect Peter G. Bowie as Director

258,075,876

99.72

733,670

0.28

Elect Lady Barbara Judge as Director

253,553,704

97.97

5,255,843

2.03

Elect Dr. Kurt J. Lauk as Director

258,370,214

99.83

439,332

0.17

Elect Cynthia A. Niekamp as Director

258,350,970

99.82

458,576

0.18

Elect William A. Ruh as Director

258,436,555

99.86

372,993

0.14

Elect Dr. Indira V. Samarasekera as Director

255,613,802

98.77

3,195,744

1.23

Elect Donald J. Walker as Director

258,481,919

99.87

327,565

0.13

Elect Lawrence D. Worrall as Director

255,373,016

98.67

3,436,531

1.33

Elect William L. Young as Director

255,479,889

98.71

3,329,659

1.29

Re-Appointment of Deloitte LLP as Auditors

276,184,420

99.63

1,022,261

0.37

Advisory Resolution on Approach to Executive Compensation

238,602,711

92.19

20,205,970

7.81

SOURCE Magna International Inc.

Related Links

www.magna.com

Original Source: https://www.newswire.com/news/magna-announces-2017-annual-meeting-results

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