Magna International Inc 6-K, filed May 3, 2022
Magna International Inc (MGA)
About this 6-K
Magna International Inc filed this 6-K on May 3, 2022.
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 May 2022
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 [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
SIGNATURES
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: May 3, 2022 | By: /s/ "Bassem Shakeel" | |
| Bassem A. Shakeel, | ||
| Vice-President and Corporate Secretary | ||
EXHIBITS
| Exhibit 99 | Press Release and Report of Voting Results related to the Registrant’s Annual and Special Meeting of Shareholders held on May 3, 2022. |
EXHIBIT 99
 | PRESS RELEASE |
Magna Announces 2022 Annual and Special Meeting Results
AURORA, Ontario, May 03, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2022 annual and special meeting of shareholders held on May 3, 2022. A total of 232,806,238 Common Shares or 78.92% 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:
a. Election of Directors
| Nominee | Votes FOR | Nominee | Votes FOR | ||
| Peter G. Bowie | 99.39 | % | Mary Lou Maher | 99.75 | % |
| Mary S. Chan | 99.41 | % | William A. Ruh | 99.77 | % |
| Hon. V. Peter Harder | 98.92 | % | Dr. Indira V. Samarasekera | 97.74 | % |
| Seetarama S. Kotagiri (CEO) | 99.52 | % | Dr. Thomas Weber | 98.87 | % |
| Dr. Kurt J. Lauk | 99.37 | % | Lisa S. Westlake | 99.17 | % |
| Robert F. MacLellan | 99.53 | % | |||
b. Other Items of Business
| Item | Votes FOR | |
| Reappointment of Deloitte | 99.69 | % |
| Ratification of 2022 Treasury PSU Plan | 98.77 | % |
| Say on Pay | 93.16 | % |
Based on the voting results, each of the 11 nominees was elected with a substantial majority. Similarly, Deloitte was reappointed as Magna’s independent auditors and the Ratification of 2022 Treasury PSU Plan resolution and Say on Pay resolution were approved, in each case by a substantial majority. Detailed voting results are included as Appendix “A” to this press release.
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
OUR BUSINESS (1)
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 161,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 340 manufacturing operations and 89 product development, engineering and sales centres spanning 28 countries.
For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on Twitter @MagnaInt.
____________________________
(1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations.
Appendix “A”
VOTING RESULTS - 2022 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
| Resolution | Votes For | Votes Withheld/Against | ||
# | % | # | % | |
| Elect Peter G. Bowie as Director | 231,374,175 | 99.39 | 1,421,979 | 0.61 |
| Elect Mary S. Chan as Director | 231,435,066 | 99.41 | 1,370,938 | 0.59 |
| Elect Hon. V. Peter Harder as Director | 230,298,851 | 98.92 | 2,507,153 | 1.08 |
| Elect Seetarama S. Kotagiri (CEO) as Director | 231,697,560 | 99.52 | 1,108,444 | 0.48 |
| Elect Dr. Kurt J. Lauk as Director | 231,341,811 | 99.37 | 1,464,193 | 0.63 |
| Elect Robert F. MacLellan as Director | 231,714,117 | 99.53 | 1,091,887 | 0.47 |
| Elect Mary Lou Maher as Director | 232,227,934 | 99.75 | 578,070 | 0.25 |
| Elect William A. Ruh as Director | 232,277,362 | 99.77 | 528,642 | 0.23 |
| Elect Dr. Indira V. Samarasekera as Director | 227,555,242 | 97.74 | 5,250,762 | 2.26 |
| Elect Dr. Thomas Weber as Director | 230,169,245 | 98.87 | 2,636,759 | 1.13 |
| Elect Lisa S. Westlake as Director | 230,868,401 | 99.17 | 1,937,603 | 0.83 |
| Re-Appointment of Deloitte LLP as Auditors | 232,087,040 | 99.69 | 718,964 | 0.31 |
| Ratification of 2022 Treasury PSU Plan | 229,952,696 | 98.77 | 2,853,078 | 1.23 |
| Advisory Resolution on Executive Compensation | 216,883,761 | 93.16 | 15,915,292 | 6.84 |