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:

a. Election of Directors

Nominee                     Votes FOR Nominee                    Votes FOR
Mary S. Chan                98.05%    William A. Ruh             88.30%
Hon. V. Peter Harder        98.56%    Dr. Indira V. Samarasekera 85.59%
Jan R. Hauser               99.48%    Peter Sklar                99.87%
Seetarama S. Kotagiri (CEO) 99.53%    Matthew Tsien              88.33%
Jay K. Kunkel               99.53%    Dr. Thomas Weber           99.02%
Robert F. MacLellan         99.12%    Lisa S. Westlake           88.33%
Mary Lou Maher              99.57%     

b. Other Items of Business

Item                              Votes FOR
Reappointment of Deloitte         99.06%
Ratification of Stock Option Plan 95.45%
Say on Pay                        81.44%

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.

Following the annual meeting, Magna's Board confirmed:

- Robert F. MacLellan as Board Chair;

- Mary Lou Maher as Audit Committee Chair

- Hon. V. Peter Harder as Governance, Nominating and Sustainability Committee Chair;

- William A. Ruh as Technology Committee Chair; and

- Dr. Indira V. Samarasekera as Talent Oversight and Compensation Committee Chair.

INVESTOR CONTACT

Louis Tonelli, Vice-President, Investor Relations

louis.tonelli@magna.com a"e 905.726.7035

MEDIA CONTACT

Tracy Fuerst, Vice-President, Corporate Communications & PR

tracy.fuerst@magna.com a"e 248.761.7004

ABOUT MAGNA INTERNATIONAL

Magna is more than one of the world's largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of approximately 167,000(1) employees across 342 manufacturing operations and 103 product development, engineering and sales centres spanning 28 countries(2). With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.

For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.

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(1) Number of employees includes approximately 155,000 employees at our wholly owned or controlled entities and over 12,000 employees at certain operations accounted for under the equity method.

(2) Manufacturing operations, product development, engineering and sales centres include certain operations accounted for under the equity method.

 
 Appendix "A"
 
 VOTING RESULTS - 2025 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
 
Resolution                                    Votes For                           Votes Withheld/Against
                                              #                 %                 #                 %
Elect Mary S. Chan as Director                209,018,939       98.05%            4,159,027         1.95%
Elect Hon. V. Peter Harder as Director        210,120,081       98.56%            3,059,219         1.44%
Elect Jan R. Hauser as Director               212,077,567       99.48%            1,101,734         0.52%
Elect Seetarama S. Kotagiri (CEO) as Director 212,174,381       99.53%            1,004,920         0.47%
Elect Jay K. Kunkel as Director               212,169,825       99.53%            1,009,477         0.47%
Elect Robert F. MacLellan as Director         211,303,211       99.12%            1,876,060         0.88%
Elect Mary Lou Maher as Director              212,257,273       99.57%            921,998           0.43%
Elect William A. Ruh as Director              188,240,636       88.30%            24,938,565        11.70%
Elect Dr. Indira V. Samarasekera as Director  182,460,897       85.59%            30,717,994        14.41%
Elect Peter Sklar as Director                 212,893,103       99.87%            285,712           0.13%
Elect Matthew Tsien as Director               188,302,364       88.33%            24,876,868        11.67%
Elect Dr. Thomas Weber as Director            211,089,923       99.02%            2,089,179         0.98%
Elect Lisa S. Westlake as Director            188,290,938       88.33%            24,884,919        11.67%
Re-Appointment of Deloitte LLP as Auditor     219,528,061       99.06%            2,090,531         0.94%
Ratification of 2025 Stock Option Plan        203,483,387       95.45%            9,692,621         4.55%
Advisory Resolution on Executive Compensation 173,620,127       81.44%            39,555,176        18.56%

COMTEX_465316568/2241/2025-05-08T22:57:04