Magna International Inc.

Magna Announces 2025 Annual & Special Meeting Results

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        

                                                        
b.        Other Items of Business

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 │ 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice-President, Corporate Communications & PR
tracy.fuerst@magna.com │ 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.}