EX-99.1 2 a16-10353_2ex99d1.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 2016 ANNUAL AND SPECIAL MEETING RESULTS

 

May 5, 2016, Aurora, Ontario, Canada. Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2016 annual special meeting of shareholders held today. A total of 292,439,538 Common Shares or 73.37% 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:

 

Scott B. Bonham

 

99.92

%

Peter G. Bowie

 

99.92

%

Hon. J. Trevor Eyton

 

97.68

%

Lady Barbara Judge

 

99.88

%

Dr. Kurt J. Lauk

 

99.92

%

Cynthia A. Niekamp

 

99.92

%

Dr. Indira V. Samarasekera

 

99.51

%

Donald J. Walker

 

99.92

%

Lawrence D. Worrall

 

99.62

%

William L. Young

 

99.51

%

 

Additionally, Magna’s advisory “say on pay” vote received 83.40% support, the special resolution approving the amendment of Magna’s articles of incorporation to remove Section 10 of the Corporate Constitution vote received 99.67% support and the resolution ratifying and confirming the repeal of By-Law 1B-92 and the adoption of By-Law No. 1 vote received 98.84% 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 305 manufacturing operations and 93 product development, engineering and sales centres in 29 countries.  We have over 139,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing.  Our product capabilities include producing body, chassis, 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 - 2016 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

 

 

 

Votes For

 

Votes Withheld/Against

 

Resolution

 

#

 

%

 

#

 

%

 

Elect Scott B. Bonham as Director

 

281,566,371

 

99.92

 

221,535

 

0.08

 

Elect Peter G. Bowie as Director

 

281,569,656

 

99.92

 

218,250

 

0.08

 

Elect Hon. J. Trevor Eyton as Director

 

275,238,988

 

97.68

 

6,548,917

 

2.32

 

Elect Lady Barbara Judge as Director

 

281,462,716

 

99.88

 

325,189

 

0.12

 

Elect Dr. Kurt J. Lauk as Director

 

281,566,970

 

99.92

 

220,936

 

0.08

 

Elect Cynthia A. Niekamp as Director

 

281,572,176

 

99.92

 

215,730

 

0.08

 

Elect Dr. Indira V. Samarasekera

 

280,407,455

 

99.51

 

1,380,450

 

0.49

 

Elect Donald J. Walker as Director

 

281,574,028

 

99.92

 

213,878

 

0.08

 

Elect Lawrence D. Worrall as Director

 

280,714,850

 

99.62

 

1,073,056

 

0.38

 

Elect William L. Young as Director

 

280,397,839

 

99.51

 

1,390,066

 

0.49

 

Re-Appointment of Deloitte LLP as Auditors

 

291,653,592

 

99.74

 

749,027

 

0.26

 

Advisory Resolution on Approach to Executive Compensation

 

235,004,221

 

83.40

 

46,780,378

 

16.60

 

Special Resolution to Amend Articles of Incorporation

 

280,868,114

 

99.67

 

919,303

 

0.33

 

Resolution to Ratify and Confirm new General By-Law

 

278,507,252

 

98.84

 

3,280,164

 

1.16