Magna Announces 2025 Annual & Special Meeting Results

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[{"type":"text","content":"Magna Announces 2025 Annual & Special Meeting Results\n\n\n\n AURORA, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2025 annual and special meeting of shareholders held on May 8, 2025. A total of 221,621,186 Common Shares or 78.66% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows:\n \n\n\n\n a.        Election of Directors\n \n\n\n\n\n\n Nominee\n \n\n\n\n Votes FOR\n \n\n Nominee\n \n\n Votes FOR\n \n\n\n\n Mary S. Chan\n \n\n 98.05%\n \n\n William A. Ruh\n \n\n 88.30%\n \n\n\n\n Hon. V. Peter Harder\n \n\n 98.56%\n \n\n Dr. Indira V. Samarasekera\n \n\n 85.59%\n \n\n\n\n Jan R. Hauser\n \n\n 99.48%\n \n\n Peter Sklar\n \n\n 99.87%\n \n\n\n\n Seetarama S. Kotagiri (CEO)\n \n\n 99.53%\n \n\n Matthew Tsien\n \n\n 88.33%\n \n\n\n\n Jay K. Kunkel\n \n\n 99.53%\n \n\n Dr. Thomas Weber\n \n\n 99.02%\n \n\n\n\n Robert F. MacLellan\n \n\n 99.12%\n \n\n Lisa S. Westlake\n \n\n 88.33%\n \n\n\n\n Mary Lou Maher\n \n\n 99.57%\n \n\n\n\n\n\n\n\n\n b.        Other Items of Business\n \n\n\n\n\n\n Item\n \n\n\n\n Votes FOR\n \n\n\n\n Reappointment of Deloitte\n \n\n 99.06%\n \n\n\n\n Ratification of Stock Option Plan\n \n\n 95.45%\n \n\n\n\n Say on Pay\n \n\n 81.44%\n \n\n\n\n\n Based on the voting results, all 13 nominees were elected to the Board, Deloitte was reappointed as independent auditor, the 2025 Stock Option Plan was ratified 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.\n \n\n Following the annual meeting, Magna’s Board confirmed:\n \n\n\n Robert F. MacLellan as Board Chair;\n \n\n Mary Lou Maher as Audit Committee Chair\n \n\n Hon. V. Peter Harder as Governance, Nominating and Sustainability Committee Chair;\n \n\n William A. Ruh as Technology Committee Chair; and\n \n\n Dr. Indira V. Samarasekera as Talent Oversight and Compensation Committee Chair.\n \n\n\n\n\n\n INVESTOR CONTACT\n \n\n Louis Tonelli, Vice-President, Investor Relations\n \n [email protected] │ 905.726.7035\n \n\n\n MEDI...

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