Press Release - Magna Announces 2020 Annual Meeting Results
Please click HERE for a PDF version of the release (French).
Please click HERE for a PDF version of the release (German).
a. Election of Directors
|Nominee||Votes FOR||Nominee||Votes FOR|
b. Other Items of Business
|Reappointment of Deloitte||99.83||%|
|Say on Pay||85.63||%|
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.
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OUR BUSINESS (1)
We are a mobility technology company. We have over 159,000 entrepreneurial-minded employees, 347 manufacturing operations and 94 product development, engineering and sales centres in 27 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities that include body, chassis, exteriors, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Our common shares trade on the
(1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations.
VOTING RESULTS - 2020 ANNUAL MEETING OF SHAREHOLDERS
|Resolution||Votes For||Votes Withheld/Against|
|Advisory Resolution on Executive Compensation||193,297,024||85.63||32,448,728||14.37|
Source: Magna International Inc.