MAGNA INTERNATIONAL FILES 6-K, CONFIRMS FOREIGN PRIVATE ISSUER STATUS
Ticker: MGA · Form: 6-K · Filed: Feb 13, 2024 · CIK: 749098
| Field | Detail |
|---|---|
| Company | Magna International Inc (MGA) |
| Form Type | 6-K |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, foreign-issuer, corporate-governance
TL;DR
**Magna International's 6-K confirms its foreign private issuer status and Form 40-F annual reporting.**
AI Summary
Magna International Inc., a Canadian motor vehicle parts and accessories manufacturer, filed a Form 6-K with the SEC on February 13, 2024. This filing indicates that Magna is a foreign private issuer, specifically filing under Form 40-F for its annual reports, and is not furnishing information under Rule 12g3-2(b). This matters to investors because it clarifies Magna's regulatory reporting framework, confirming its status as a foreign company adhering to specific SEC disclosure requirements, which can impact how and when investors receive certain financial information.
Why It Matters
This filing confirms Magna International's regulatory status as a foreign private issuer, which dictates its reporting obligations to the SEC and provides clarity on the type of annual report (Form 40-F) it files.
Risk Assessment
Risk Level: low — This filing is purely administrative, confirming regulatory status, and does not introduce new financial or operational risks.
Analyst Insight
Investors should note Magna's foreign private issuer status and Form 40-F annual report filing, as this impacts the frequency and type of financial disclosures they can expect from the company compared to domestic filers.
Key Players & Entities
- MAGNA INTERNATIONAL INC. (company) — Registrant and foreign private issuer
- SEC (company) — Regulatory body
- February 2024 (date) — Month of report
- February 13, 2024 (date) — Filing date
- 001-11444 (other) — Commission File Number
FAQ
What type of report is Magna International Inc. filing with the SEC?
Magna International Inc. is filing a Form 6-K, which is a 'Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934' for the month of February 2024.
What is Magna International Inc.'s Commission File Number?
Magna International Inc.'s Commission File Number is 001-11444, as stated in the filing.
Does Magna International Inc. file annual reports under Form 20-F or Form 40-F?
Magna International Inc. indicates by check mark that it files annual reports under cover of Form 40-F, not Form 20-F.
Is Magna International Inc. furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934?
No, Magna International Inc. explicitly indicates with an 'x' that it is not furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
What is the business address of Magna International Inc. as listed in the filing?
The business address of Magna International Inc. is 337 Magna Drive, Aurora, Ontario, CANADA L4G 7K1, according to the filing.
Filing Stats: 174 words · 1 min read · ~1 pages · Grade level 13.7 · Accepted 2024-02-13 09:23:21
Filing Documents
- f6k_021324.htm (6-K) — 6KB
- exh_99.htm (EX-99) — 9KB
- exh99small_1.jpg (GRAPHIC) — 2KB
- 0001171843-24-000738.txt ( ) — 18KB
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. MAGNA INTERNATIONAL INC. (Registrant) Date: February 13, 2024 By: /s/ "Bassem Shakeel" Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary EXHIBITS Exhibit 99 Press release issued February 13, 2024, in which the Registrant announced acceptance by The Toronto Stock Exchange of its notice of intention to commence a normal course issuer bid.