AGM/EGMMay 4, 2026, 07:06 PM
Magna Shareholders Approve All Items at 2026 Annual Meeting
AI Summary
Magna International Inc. announced the voting results from its 2026 annual meeting of shareholders, where 79.21% of common shares were represented. Shareholders approved all items of business, including the election of all 12 director nominees, the reappointment of Deloitte as independent auditor, and the advisory "Say on Pay" resolution, each by a substantial majority. Following the meeting, the Board confirmed key leadership roles and appointed new committee chairs due to a retirement.
Key Highlights
- 79.21% of Common Shares were represented at the annual meeting.
- All 12 director nominees were elected with votes ranging from 96.43% to 99.64% FOR.
- Deloitte was reappointed as independent auditor with 98.57% FOR.
- The "Say on Pay" resolution was approved with 89.66% FOR.
- Robert F. MacLellan was confirmed as Board Chair.
- Mary Lou Maher was confirmed as Audit Committee Chair.
- Hon. V. Peter Harder was confirmed as Governance, Nominating and Sustainability Committee Chair.
- William A. Ruh appointed Talent Oversight and Compensation Committee Chair.
- Matthew Tsien appointed Technology Committee Chair.
Price Impact
More from MGA