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Magna Announces 2025 Annual & Special Meeting Results

1. 78.66% of common shares represented at Magna's shareholder meeting. 2. All board nominees were elected with overwhelming support. 3. Deloitte reappointed as independent auditor, enhancing governance. 4. 2025 Stock Option Plan ratified, aligning compensation with performance. 5. Majority of shareholders approved 'Say on Pay' resolution.

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Why Bullish?

The overwhelming support for board members and plans suggests stability and investor confidence, impacting MGA positively.

How important is it?

The strong outcomes from the shareholder meeting reflect stakeholder confidence, likely leading to positive sentiment.

Why Short Term?

Immediate confidence boosts are likely following the meeting's successful outcomes, impacting stock price soon.

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TSX: MG
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         NomineeVotes FORNomineeVotes FORMary S. Chan98.05%William A. Ruh88.30%Hon. V. Peter Harder98.56%Dr. Indira V. Samarasekera85.59%Jan R. Hauser99.48%Peter Sklar99.87%Seetarama S. Kotagiri (CEO)99.53%Matthew Tsien88.33%Jay K. Kunkel99.53%Dr. Thomas Weber99.02%Robert F. MacLellan99.12%Lisa S. Westlake88.33%Mary Lou Maher99.57%                                                          b.        Other Items of Business ItemVotes FORReappointment of Deloitte99.06%Ratification of Stock Option Plan95.45%Say on Pay81.44% 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 ChairHon. V. Peter Harder as Governance, Nominating and Sustainability Committee Chair;William A. Ruh as Technology Committee Chair; andDr. Indira V. Samarasekera as Talent Oversight and Compensation Committee Chair. INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com │ 905.726.7035 MEDIA CONTACT Tracy Fuerst, Vice-President, Corporate Communications & PRtracy.fuerst@magna.com │ 248.761.7004 ABOUT MAGNA INTERNATIONALMagna 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. _________________________________ (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 ResolutionVotes ForVotes Withheld/Against#%#%Elect Mary S. Chan as Director209,018,93998.05%4,159,0271.95%Elect Hon. V. Peter Harder as Director210,120,08198.56%3,059,2191.44%Elect Jan R. Hauser as Director212,077,56799.48%1,101,7340.52%Elect Seetarama S. Kotagiri (CEO) as Director212,174,38199.53%1,004,9200.47%Elect Jay K. Kunkel as Director212,169,82599.53%1,009,4770.47%Elect Robert F. MacLellan as Director211,303,21199.12%1,876,0600.88%Elect Mary Lou Maher as Director212,257,27399.57%921,9980.43%Elect William A. Ruh as Director188,240,63688.30%24,938,56511.70%Elect Dr. Indira V. Samarasekera as Director182,460,89785.59%30,717,99414.41%Elect Peter Sklar as Director212,893,10399.87%285,7120.13%Elect Matthew Tsien as Director188,302,36488.33%24,876,86811.67%Elect Dr. Thomas Weber as Director211,089,92399.02%2,089,1790.98%Elect Lisa S. Westlake as Director188,290,93888.33%24,884,91911.67%Re-Appointment of Deloitte LLP as Auditor219,528,06199.06%2,090,5310.94%Ratification of 2025 Stock Option Plan203,483,38795.45%9,692,6214.55%Advisory Resolution on Executive Compensation173,620,12781.44%39,555,17618.56%

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