Press Release - Magna Announces 2021 Annual Meeting Results
a. Election of Directors
Nominee |
Votes FOR | Nominee | Votes FOR | ||
99.81 | % | 99.77 | % | ||
99.15 | % | 99.93 | % | ||
Hon. |
99.10 | % | 99.94 | % | |
99.77 | % | Dr. |
98.13 | % | |
Dr. |
99.56 | % | 99.12 | % | |
99.53 | % | 97.25 | % |
b. Other Items of Business
Item |
Votes FOR | |
Reappointment of Deloitte | 99.68 | % |
Say on Pay | 93.33 | % |
Based on the voting results, each of the 12 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. 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)
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 347 manufacturing operations and 84 product development, engineering and sales centres spanning 28 countries.
For further information about
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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 - 2021 ANNUAL MEETING OF SHAREHOLDERS
Resolution |
Votes For | Votes Withheld/Against | ||
# |
% |
# |
% |
|
Elect |
234,432,169 | 99.81 | 446,813 | 0.19 |
Elect |
232,881,599 | 99.15 | 1,997,383 | 0.85 |
Elect Hon. |
232,770,089 | 99.10 | 2,108,893 | 0.90 |
Elect |
234,347,744 | 99.77 | 531,238 | 0.23 |
Elect Dr. |
233,856,510 | 99.56 | 1,022,472 | 0.44 |
Elect |
233,763,588 | 99.53 | 1,115,394 | 0.47 |
Elect |
234,334,991 | 99.77 | 543,991 | 0.23 |
Elect |
234,708,195 | 99.93 | 170,787 | 0.07 |
Elect |
234,738,844 | 99.94 | 140,138 | 0.06 |
Elect Dr. |
230,484,464 | 98.13 | 4,394,518 | 1.87 |
Elect |
232,821,581 | 99.12 | 2,057,401 | 0.88 |
Elect |
228,420,696 | 97.25 | 6,458,286 | 2.75 |
Re-Appointment of |
241,597,269 | 99.68 | 786,081 | 0.32 |
Advisory Resolution on Executive Compensation | 219,222,305 | 93.33 | 15,656,677 | 6.67 |
Source: Magna International Inc.