Magna Announces 2022 Annual and Special Meeting Results

a.        Election of Directors        NomineeVotes FORNomineeVotes FORPeter G. Bowie99.39%Mary Lou Maher99.75%Mary S. Chan99.41%William A. Ruh99.77%Hon. V. Peter Harder98.92%Dr. Indira V. Samarasekera97.74%Seetarama S. Kotagiri (CEO)99.52%Dr. Thomas Weber98.87%Dr. Kurt J. Lauk99.37%Lisa S. Westlake99.17%Robert F. MacLellan99.53%                                                           b...

AURORA, 03/05/2022 (informazione.it - comunicati stampa - industria)

a.        Election of Directors        

                                                        
b.        Other Items of Business

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
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.

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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