Magna International Inc 6-K, filed Nov 5, 2026
Magna International Inc (MGA)
About this 6-K
Magna International Inc filed this 6-K on November 5, 2026.
Magna International Inc. may repurchase up to 25,778,000 Common Shares, approximately 10% of its public float, from November 9, 2026 to November 8, 2027. It also established an Automatic Purchase Plan, while its prior bid completed all 25,300,000 shares. AI summary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934
For the month of November 2026
Commission File Number 001-11444
MAGNA INTERNATIONAL INC.
(Exact Name of Registrant as specified in its Charter)
337 Magna Drive, Aurora, Ontario, Canada L4G 7K1
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| MAGNA INTERNATIONAL INC. | ||
| (Registrant) | ||
| Date: November 5, 2026 | ||
| By: | /s/ “Jason Wolkove” | |
| Jason Wolkove, | ||
| Vice-President, Mergers & Acquisitions, Capital Markets and Secretary | ||
EXHIBITS
EXHIBIT 99
 |
PRESS RELEASE |
Magna Announces Renewal of Normal Course Issuer Bid
- NCIB authorizes the discretionary repurchase of up to 25,778,000 Magna Common Shares, representing approximately 10% of Magna’s public float
- NCIB takes effect on November 9, 2026, and terminates no later than November 8, 2027
AURORA, Ontario, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) announces today the Toronto Stock Exchange’s (the "TSX") acceptance of its notice of intention to renew its normal course issuer bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 25,778,000 Magna Common Shares (the "NCIB"), representing approximately 10% of its public float. As at October 31, 2026, Magna had 258,383,499 issued and outstanding Common Shares, including a public float of 257,862,127 Common Shares.
The primary purposes of the NCIB are to facilitate purchases for cancellation, as well as purchases to fund Magna’s stock-based compensation awards and programs. Magna may purchase its Common Shares for cancellation, from time to time, if it believes that the market price of its Common Shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of the Corporation. Magna may elect to modify, suspend or discontinue the NCIB, and purchases thereunder, at any time.
The NCIB will commence on November 9, 2026, and will terminate no later than November 8, 2027. All purchases of Common Shares under the NCIB may be made on the TSX, at the market price at the time of purchase in accordance with the rules and policies of the TSX, or on the New York Stock Exchange ("NYSE") in compliance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934. In addition to purchases made on the open market through the facilities of the TSX and NYSE, Magna may also make purchases through alternative trading systems in Canada and the United States, and by private agreement or under a specific share repurchase program pursuant to an issuer bid exemption order issued by a securities regulatory authority (a "Specific Share Repurchase Program"). Purchases made by way of such private agreements or a Specific Share Repurchase Program may be at a discount to the prevailing market price.
The rules and policies of the TSX contain restrictions on the number of shares that can be purchased under the NCIB, based on the average daily trading volumes of the Common Shares on the TSX. Similarly, the safe harbor conditions of Rule 10b-18 impose certain limitations on the number of shares that can be purchased on the NYSE per day. As a result of such restrictions, subject to certain exceptions for block purchases, the maximum number of Common Shares which can be purchased per day during the NCIB on the TSX is 279,091, based on 25% of the average daily trading volume for the prior six months (being 1,116,366 Common Shares on the TSX). Subject to certain exceptions for block purchases, the maximum number of Common Shares which can be purchased per day on the NYSE will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase. Subject to regulatory requirements, the actual number of Common Shares purchased and the timing of such purchases, if any, will be determined by Magna having regard to future price movements and other factors.
Expiring Bid
Magna’s current normal course issuer bid, announced in November of 2025, for the purchase of up to 25,300,000 Common Shares will expire at the close of trading on November 6, 2026. As at the close of trading on October 30, 2026, Magna had purchased all 25,300,000 Common Shares under the current normal course issuer bid at weighted average prices of C$86.13 and US$62.10 through the facilities of the TSX and NYSE as well as through alternative trading systems in Canada and the United States. Of such repurchases, 25,044,933 Common Shares were cancelled, and the remainder of the repurchased Common Shares funded Magna’s stock-based compensation programs.
Agreement to Establish an Automatic Purchase Plan
Effective as of the start of the NCIB, Magna today announces that it has also entered into an agreement establishing an automatic share purchase plan (the "Automatic Purchase Plan") with a designated broker to facilitate the purchase of Common Shares under the NCIB. Under the Automatic Purchase Plan, Magna may, from time to time, provide instructions and strict parameters regarding how its Common Shares can be purchased during times when it would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions or self-imposed blackout periods. The Automatic Purchase Plan terminates on the earliest date on which: (a) the purchase limit specified in the Automatic Purchase Plan has been reached; (b) Magna terminates the Automatic Purchase Plan in accordance with its terms, in which case Magna will issue a press release confirming such termination; and (c) the NCIB terminates.
TAGS
Normal Course Issuer Bid, NCIB, Rule 10b-18, Share Repurchases, Stock Buyback, Automatic Purchase Plan
INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
louis.tonelli@magna.com │ 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com │
248.761.7004
ABOUT MAGNA
Magna is one of the world’s largest automotive suppliers and a trusted partner
to automakers in the industry’s most critical markets globally. With operations in 27 countries, we combine global scale with trusted
reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative
vehicle systems to deliver performance, safety, and quality.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.
FORWARD-LOOKING STATEMENTS
This press release contains statements that are not recitations of historical fact
and constitute "forward-looking statements" within the meaning of applicable securities legislation, including, but not limited to, Magna’s
intention to commence the NCIB, the timing, methods and quantity of any purchases under the NCIB, the availability of cash for repurchases
of Common Shares under the NCIB, and compliance with applicable laws and regulations pertaining to the NCIB. Forward-looking statements
may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or
the assumptions underlying any of the foregoing. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate",
"believe", "intend", "plan", "forecast", "outlook", "project", "estimate" and similar expressions suggesting future outcomes or events
to identify forward-looking statements. Any such forward-looking statements are based on information currently available to us, and are
based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results
and developments will conform to our expectations and predictions is subject to a number of risks, assumptions and uncertainties, many
of which are beyond our control, and the effects of which can be difficult to predict. These risks, assumptions and uncertainties include,
without limitation, the impact of: macroeconomic and geopolitical events; economic cyclicality; relative foreign exchange rates; financial
flexibility risks; stock price fluctuations; legal and regulatory proceedings against us; changes in laws and other factors set out in
our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States
Securities and Exchange Commission, and subsequent filings. In evaluating forward-looking statements, we caution readers not to place
undue reliance on any forward-looking statements and readers should specifically consider the various factors which could cause actual
events or results to differ materially from those indicated by such forward-looking statements.