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Magna announces 2016 annual and special meeting results

Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2016 annual and special meeting of shareholders held today. A total of 292,439,538 Common Shares or 73.37% 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 … Continued

Magna International Inc. (TSX: MG, NYSE: MGA) announced voting results from its 2016 annual and special meeting of shareholders held today. A total of 292,439,538 Common Shares or 73.37% 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:

Scott B. Bonham 99.92%
Peter G. Bowie 99.92%
Hon. J. Trevor Eyton 97.68%
Lady Barbara Judge 99.88%
Dr. Kurt J. Lauk 99.92%
Cynthia A. Niekamp 99.92%
Dr. Indira V. Samarasekera 99.51%
Donald J. Walker 99.92%
Lawrence D. Worrall 99.62%
William L. Young 99.51%

 

Additionally, Magna’s advisory “say on pay” vote received 83.40% support, the special resolution approving the amendment of Magna’s articles of incorporation to remove Section 10 of the Corporate Constitution vote received 99.67% support and the resolution ratifying and confirming the repeal of By-Law 1B-92 and the adoption of By-Law No. 1 vote received 98.84% 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.

https://www.automotiveworld.com/news-releases/magna-announces-2016-annual-special-meeting-results/

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