EX-99.1 2 a14-12110_2ex99d1.htm EX-99.1

Exhibit 99.1

 

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 2014 ANNUAL MEETING RESULTS

 

May 8, 2014, Aurora, Ontario, Canada. Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2014 annual meeting of shareholders held today. A total of 180,384,093 Common Shares or 82.09% of our issued and outstanding Common Shares, 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, each director nominee was elected by a substantial majority as follows:

 

Scott B. Bonham

 

99.45

%

Peter G. Bowie

 

99.94

%

Hon. J. Trevor Eyton

 

98.85

%

V. Peter Harder

 

97.82

%

Lady Barbara Judge

 

99.30

%

Dr. Kurt J. Lauk

 

99.40

%

Cynthia A. Niekamp

 

99.86

%

Dr. Indira V. Samarasekera

 

99.87

%

Donald J. Walker

 

99.81

%

Lawrence D. Worrall

 

99.82

%

William L. Young

 

99.54

%

 

Additionally, Magna’s advisory “say on pay” vote received 82.26% support based on proxies received prior to 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 315 manufacturing operations and 82 product development, engineering and sales centres in 29 countries.  We have over 128,000 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, 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   - 2014 ANNUAL MEETING OF SHAREHOLDERS

 

 

 

Votes For

 

Votes
 Withheld/Against

 

Resolution

 

#

 

%

 

#

 

%

 

Elect Scott B. Bonham as Director

 

174,323,766

 

99.45

 

956,597

 

0.55%

 

Elect Peter G. Bowie as Director

 

175,170,042

 

99.94

 

110,321

 

0.06%

 

Elect Hon. J. Trevor Eyton as Director

 

173,260,465

 

98.85

 

2,019,898

 

1.15%

 

Elect V. Peter Harder as Director

 

171,450,981

 

97.82

 

3,829,382

 

2.18%

 

Elect Lady Barbara  Judge as Director

 

174,058,978

 

99.30

 

1,221,385

 

0.70%

 

Elect Dr. Kurt J. Lauk as Director

 

174,231,395

 

99.40

 

1,048,968

 

0.60%

 

Elect Cynthia A. Niekamp as Director

 

175,027,173

 

99.86

 

253,189

 

0.14%

 

Elect Dr. Indira V. Samarasekera

 

175,046,216

 

99.87

 

234,146

 

0.13%

 

Elect Donald J. Walker as Director

 

174,955,057

 

99.81

 

325,305

 

0.19%

 

Elect Lawrence D. Worrall as Director

 

174,968,896

 

99.82

 

311,467

 

0.18%

 

Elect William L. Young as Director

 

174,480,155

 

99.54

 

800,208

 

0.46%

 

Appointment of Deloitte LLP as Auditors

 

178,047,880

 

98.71

 

2,332,816

 

1.29%

 

Advisory Resolution on Approach to Executive Compensation

 

144,188,920

 

82.26

 

31,091,441

 

0.00%

 

 

Notes:

 

1.              Based on proxies submitted.

2.              No invalid proxies were submitted.

3.              180,382,296 shares (82.09%) were voted by proxy.  1,797 shares (less than 1%) were voted in person at the meeting.