Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2017 annual meeting of shareholders. A total of 277,209,607 Common Shares or 72.69% of our issued and outstanding Common Shares, were voted in connection with the meeting. Shareholders voted by a show of hands in favour of each item of business. Based on proxies received prior to the meeting and votes cast in person at the meeting, each director nominee was elected by a substantial majority as follows:
Nominee | Votes FOR |
Scott B. Bonham | 99.76% |
Peter G. Bowie | 99.72% |
Lady Barbara Judge | 97.97% |
Dr. Kurt J. Lauk | 99.83% |
Cynthia A. Niekamp | 99.82% |
William A. Ruh | 99.86% |
Dr. Indira V. Samarasekera | 98.77% |
Donald J. Walker | 99.87% |
Lawrence D. Worrall | 98.67% |
William L. Young | 98.71% |
Additionally, Magna’s advisory “say on pay” vote received 92.19% support based on proxies received prior to the meeting and votes cast in person at the meeting. Full results of the votes are included as Appendix “A” to this press release.