Magna Announces 2018 Annual Meeting Results


AURORA, Ontario, May 10, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) today announced voting results from its 2018 annual meeting of shareholders. A total of 285,727,820 Common Shares or 79.79% 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:
                                                                                                                       

NomineeVotes FOR
Scott B. Bonham99.89%
Peter G. Bowie99.82%
Mary S. Chan99.77%
Dr. Kurt J. Lauk99.88%
Robert F. MacLellan99.80%
Cynthia A. Niekamp99.91%
William A. Ruh99.93%
Dr. Indira V. Samarasekera99.59%
Donald J. Walker99.96%
Lawrence D. Worrall99.13%
William L. Young99.38%

Additionally, Magna’s advisory “say on pay” vote received 97.25% 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.                                                

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com  │  905.726.7035

MEDIA CONTACT
Tracy Fuerst, Director of Corporate Communications & PR
tracy.fuerst@magna.com  │  248.631.5396

OUR BUSINESS (1)
We have more than 172,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 340 manufacturing operations and 93 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.

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

Appendix “A”

VOTING RESULTS - 2018 ANNUAL MEETING OF SHAREHOLDERS

ResolutionVotes ForVotes Withheld/Against
      #     % # %
Elect Scott B. Bonham as Director     275,145,329    99.89299,739 0.11
Elect Peter G. Bowie as Director     274,957,788    99.82487,280 0.18
Elect Mary S. Chan as Director     274,806,239    99.77638,828 0.23
Elect Dr. Kurt J. Lauk as Director     275,124,189    99.88320,879 0.12
Elect Robert F. MacLellan as Director     274,907,196    99.80537,872 0.20
Elect Cynthia A. Niekamp as Director     275,188,757    99.91256,311 0.09
Elect William A. Ruh as Director     275,248,787    99.93196,280 0.07
Elect Dr. Indira V. Samarasekera as Director     274,305,245    99.591,139,823 0.41
Elect Donald J. Walker as Director     275,320,846    99.96123,814 0.04
Elect Lawrence D. Worrall as Director     273,043,692    99.132,401,377 0.87
Elect William L. Young as Director     273,740,524    99.381,704,543 0.62
Re-Appointment of Deloitte LLP as Auditors     285,517,713    99.93206,043 0.07
Advisory Resolution on Executive Compensation     267,880,692    97.257,564,816 2.75