Core Viewpoint - Magna International Inc. held its 2025 annual and special meeting of shareholders, where all proposed items of business were approved by substantial majorities, including the election of directors and the reappointment of Deloitte as independent auditor [1][2]. Group 1: Election of Directors - A total of 13 nominees were elected to the Board, with significant support for most, including: - Mary S. Chan received 98.05% of votes in favor - Seetarama S. Kotagiri (CEO) received 99.53% of votes in favor - William A. Ruh received 88.30% of votes in favor, the lowest among nominees [1][7]. Group 2: Other Items of Business - The reappointment of Deloitte as independent auditor was approved with 99.06% of votes in favor - The 2025 Stock Option Plan was ratified with 95.45% of votes in favor - The "Say on Pay" resolution received 81.44% of votes in favor [2][7]. Group 3: Company Overview - Magna International is a leading mobility technology company with approximately 167,000 employees across 342 manufacturing operations and 103 product development, engineering, and sales centers in 28 countries [3][6]. - The company has over 65 years of expertise in the automotive industry, positioning it to advance mobility in an evolving transportation landscape [3].
Magna Announces 2025 Annual & Special Meeting Results