Magna International Sets May 9 Annual Meeting; March 20 Record Date
Ticker: MGA · Form: 6-K · Filed: Feb 12, 2024 · CIK: 749098
| Field | Detail |
|---|---|
| Company | Magna International Inc (MGA) |
| Form Type | 6-K |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, shareholder-meeting, administrative
TL;DR
**Magna's annual shareholder meeting is May 9th, with March 20th as the cutoff to vote.**
AI Summary
Magna International Inc. (MGA) has filed a 6-K report on February 12, 2024, confirming the dates for its upcoming Annual General Meeting of Shareholders. The meeting is scheduled for May 9, 2024, with a crucial record date of March 20, 2024, for both receiving notice and voting. This matters to investors because it sets the timeline for key corporate governance activities, including the election of directors and other important resolutions, directly impacting shareholder rights and the company's future direction.
Why It Matters
This filing confirms the dates for Magna's Annual General Meeting, which is where shareholders vote on important company matters, including electing directors and approving executive compensation, directly influencing the company's governance and future strategy.
Risk Assessment
Risk Level: low — This filing is purely administrative, providing notice of an upcoming shareholder meeting, and does not introduce new financial or operational risks.
Analyst Insight
An investor should mark their calendar for the March 20, 2024, record date if they wish to vote their common shares at Magna's Annual General Meeting on May 9, 2024, and review any proxy materials when they become available to understand the business to be conducted.
Key Numbers
- May 9, 2024 — Date Fixed for the Meeting (the date of Magna International Inc.'s Annual General Meeting of Security Holders)
- March 20, 2024 — Record Date for Notice and Voting (the date by which shareholders must own common shares to receive notice and vote at the meeting)
- 001-11444 — Commission File Number (Magna International Inc.'s SEC file number)
Key Players & Entities
- MAGNA INTERNATIONAL INC. (company) — the registrant filing the 6-K
- Bassem A. Shakeel (person) — Vice-President, Associate General Counsel and Corporate Secretary of Magna International Inc.
- TSX TRUST COMPANY (company) — the entity confirming the notice of record and meeting dates
Forward-Looking Statements
- Magna International Inc. will hold its Annual General Meeting as scheduled on May 9, 2024. (MAGNA INTERNATIONAL INC.) — high confidence, target: May 9, 2024
- Shareholders holding common shares as of March 20, 2024, will be eligible to vote at the meeting. (MAGNA INTERNATIONAL INC.) — high confidence, target: March 20, 2024
FAQ
What is the purpose of this 6-K filing by Magna International Inc.?
This 6-K filing serves as a Report of Foreign Private Issuer, specifically to provide confirmation of the Notice of Record and Meeting Dates for Magna International Inc.'s Annual General Meeting of Shareholders, as advised by TSX Trust Company on February 12, 2024.
When is Magna International Inc.'s Annual General Meeting of Security Holders scheduled?
The Annual General Meeting of Security Holders for Magna International Inc. is fixed for May 9, 2024, as stated in the Exhibit 99 of the filing.
What is the record date for shareholders to be eligible to receive notice and vote at the meeting?
The record date for both receiving notice of the meeting and for voting at the meeting is March 20, 2024, according to the 'Confirmation of Notice of Record and Meeting Dates' in Exhibit 99.
Which classes of securities entitle holders to vote at the upcoming meeting?
Only 'COMMON SHARES' are listed as the classes or series of securities that entitle the holder to receive notice of the meeting and to vote at the meeting, as specified in Exhibit 99.
Who signed this 6-K report on behalf of Magna International Inc.?
The 6-K report was signed by Bassem A. Shakeel, who holds the title of Vice-President, Associate General Counsel and Corporate Secretary of Magna International Inc., on February 12, 2024.
Filing Stats: 156 words · 1 min read · ~1 pages · Grade level 13.5 · Accepted 2024-02-12 15:58:52
Filing Documents
- f6k_021224.htm (6-K) — 9KB
- exh_99.htm (EX-99) — 15KB
- tmx.jpg (GRAPHIC) — 3KB
- 0001171843-24-000731.txt ( ) — 30KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 12, 2024 MAGNA INTERNATIONAL INC. (Registrant) By: /s/ “Bassem Shakeel” Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary EXHIBITS Exhibit 99 Notice of Record and Meeting Dates of Registrant’s Annual Meeting of Shareholders.