Press Release - Magna Announces 2019 Annual Meeting Results
- Magna dévoile les résultats de son assemblée annuelle 2019
- Magna gibt Ergebnisse der Jahreshauptversammlung 2019 bekannt
Please click HERE for a PDF version of the release.
a. Election of Directors
Nominee |
Votes FOR | Nominee | Votes FOR |
98.26% | 98.00% | ||
99.78% | Dr. |
98.05% | |
99.49% | 99.93% | ||
Dr. |
99.74% | 99.93% | |
78.52% | 98.08% | ||
99.87% |
b. Other Items of Business
Item |
Votes FOR | |
Reappointment of Deloitte | 99.76% | |
Say on Pay | 84.27% | |
Shareholder Proposal | 7.79% |
Based on the voting results, each of the 11 nominees was elected with a substantial majority. Similarly, Deloitte was reappointed as Magna's independent auditors and the Say on Pay resolution was approved, in each case by a substantial majority. Finally, the shareholder proposal was rejected by a substantial majority. Detailed voting results are included as Appendix "A" to this press release.
INVESTOR CONTACT
louis.tonelli@magna.com │ 905.726.7035
MEDIA CONTACT
tracy.fuerst@magna.com │ 248.631.5396
OUR BUSINESS (1)
We are a mobility technology company. We have more than 169,000 entrepreneurial-minded employees and 338 manufacturing operations and 89 product development, engineering and sales centres in 28 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mirrors & lighting, mechatronics and roof systems. Magna also has electronic and software capabilities across many of these areas. Our common shares trade on the
(1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations.
Appendix "A"
VOTING RESULTS - 2019 ANNUAL MEETING OF SHAREHOLDERS
Resolution | Votes For | Votes Withheld/Against | ||
# |
% |
# |
% |
|
Elect |
223,883,870 | 98.26 | 3,954,062 | 1.74 |
Elect |
227,330,563 | 99.78 | 507,369 | 0.22 |
Elect |
226,682,905 | 99.49 | 1,155,026 | 0.51 |
Elect Dr. |
227,236,140 | 99.74 | 601,792 | 0.26 |
Elect |
178,908,214 | 78.52 | 48,929,718 | 21.48 |
Elect |
227,533,201 | 99.87 | 304,730 | 0.13 |
Elect |
223,279,152 | 98.00 | 4,558,780 | 2.00 |
Elect Dr. |
223,389,757 | 98.05 | 4,448,176 | 1.95 |
Elect |
227,674,873 | 99.93 | 163,058 | 0.07 |
Elect |
227,669,997 | 99.93 | 167,935 | 0.07 |
Elect |
223,468,616 | 98.08 | 4,369,316 | 1.92 |
Re-Appointment of |
243,541,983 | 99.76 | 579,458 | 0.24 |
Advisory Resolution on Executive Compensation | 191,996,600 | 84.27 | 35,841,324 | 15.73 |
Shareholder Proposal | 17,750,083 | 7.79 | 210,087,818 | 92.21 |