EX-99.1 2 a15-10564_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

Magna International Inc.

 

337 Magna Drive

 

Aurora, Ontario

 

Canada L4G 7K1

 

Tel: (905) 726-2462

 

Fax: (905) 726-7164

 

www.magna.com

 

PRESS RELEASE

 

MAGNA ANNOUNCES 2015 ANNUAL MEETING RESULTS

 

May 7, 2015, Aurora, Ontario, Canada. Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2015 annual meeting of shareholders held today. A total of 316,052,524 Common Shares or 76.99% of our issued and outstanding Common Shares (on a post stock-split basis), were voted in connection with the annual 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:

 

Scott B. Bonham

 

99.55

%

Peter G. Bowie

 

99.95

%

Hon. J. Trevor Eyton

 

97.76

%

V. Peter Harder

 

97.80

%

Lady Barbara Judge

 

99.94

%

Dr. Kurt J. Lauk

 

99.54

%

Cynthia A. Niekamp

 

99.94

%

Dr. Indira V. Samarasekera

 

99.86

%

Donald J. Walker

 

99.95

%

Lawrence D. Worrall

 

99.69

%

William L. Young

 

99.26

%

 

Additionally, Magna’s advisory “say on pay” vote received 92.76% 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.

 

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

 

ABOUT MAGNA

 

We are a leading global automotive supplier with 316 manufacturing operations and 87 product development, engineering and sales centres in 29 countries.  We have approximately 133,000 employees focused on delivering superior value to our customers through innovative processes and World Class Manufacturing.  Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing.  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.

 



 

Appendix “A”

 

VOTING RESULTS - 2015 ANNUAL MEETING OF SHAREHOLDERS

 

 

 

Votes For

 

Votes Withheld/Against

 

Resolution

 

#

 

%

 

#

 

%

 

Elect Scott B. Bonham as Director

 

303,669,864.00

 

99.55

 

1,387,374

 

0.45

%

Elect Peter G. Bowie as Director

 

304,914,206.00

 

99.95

 

143,034

 

0.05

%

Elect Hon. J. Trevor Eyton as Director

 

298,227,310.00

 

97.76

 

6,829,930

 

2.24

%

Elect V. Peter Harder as Director

 

298,358,726.00

 

97.80

 

6,698,510

 

2.20

%

Elect Lady Barbara Judge as Director

 

304,872,390.00

 

99.94

 

184,848

 

0.06

%

Elect Dr. Kurt J. Lauk as Director

 

303,668,506.00

 

99.54

 

1,388,730

 

0.46

%

Elect Cynthia A. Niekamp as Director

 

304,877,170.00

 

99.94

 

180,070

 

0.06

%

Elect Dr. Indira V. Samarasekera

 

304,637,962.00

 

99.86

 

419,274

 

0.14

%

Elect Donald J. Walker as Director

 

304,917,294.00

 

99.95

 

139,942

 

0.05

%

Elect Lawrence D. Worrall as Director

 

304,116,222.00

 

99.69

 

941,018

 

0.31

%

Elect William L. Young as Director

 

302,799,498.00

 

99.26

 

2,257,742

 

0.74

%

Re-Appointment of Deloitte LLP as Auditors

 

314,672,392.00

 

99.56

 

1,380,094

 

0.44

%

Advisory Resolution on Approach to Executive Compensation

 

282,966,086.00

 

92.76

 

22,091,146

 

7.24

%

 

Note:

 

The share numbers above reflect the two-for-one stock split completed on March 25, 2015.