MAGNA INTERNATIONAL: Routine 6-K Confirms Foreign Private Issuer Status

TL;DR

**Magna's 6-K is a standard administrative filing, no new news.**

AI Summary

Magna International Inc. filed a routine 6-K report on February 9, 2024, indicating it is a foreign private issuer based in Aurora, Ontario, Canada. This filing confirms Magna's status as a foreign private issuer and its use of Form 40-F for annual reports, rather than Form 20-F. For investors, this matters because it clarifies the regulatory framework Magna operates under, which can affect reporting frequency and disclosure requirements compared to U.S. domestic companies, but this specific filing is administrative and doesn't contain new financial or operational news.

Why It Matters

This filing is largely administrative, confirming Magna International Inc.'s status as a foreign private issuer and its reporting obligations under Form 40-F, which impacts how and when it discloses information to the SEC.

Risk Assessment

Risk Level: low — This 6-K filing is a routine administrative update and does not contain any information that would materially impact the company's financial position or operations.

Analyst Insight

A smart investor would recognize this as a standard administrative filing with no new material information, thus requiring no immediate action or change in investment thesis based solely on this document.

Key Numbers

• 001-11444 — Commission File Number (identifies Magna's registration with the SEC)
• 57 — Public Document Count (number of documents associated with this filing)
• 20240209 — Conformed Period of Report (date the report covers)
• 1231 — Fiscal Year End (Magna's fiscal year ends on December 31st)
• 9057262462 — Business Phone (Magna's contact number)

Key Players & Entities

• MAGNA INTERNATIONAL INC. (company) — the registrant filing the 6-K
• Aurora, Ontario, CANADA (location) — principal executive office address
• February 2024 (date) — month of report
• February 9, 2024 (date) — filing date of the 6-K
• 001-11444 (other) — Commission File Number

Forward-Looking Statements

• Magna International will continue to file annual reports under Form 40-F. (MAGNA INTERNATIONAL INC.) — high confidence, target: 2025-12-31
• Future 6-K filings will likely be for material events, not just administrative updates. (MAGNA INTERNATIONAL INC.) — medium confidence, target: 2024-12-31

FAQ

From the Filing

0001171843-24-000717.txt : 20240209 0001171843-24-000717.hdr.sgml : 20240209 20240209162310 ACCESSION NUMBER: 0001171843-24-000717 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 57 CONFORMED PERIOD OF REPORT: 20240209 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGNA INTERNATIONAL INC CENTRAL INDEX KEY: 0000749098 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11444 FILM NUMBER: 24615361 BUSINESS ADDRESS: STREET 1: 337 MAGNA DRIVE STREET 2: N/A CITY: AURORA, ONTARIO, CAN STATE: A6 ZIP: L4G 7K1 BUSINESS PHONE: 9057262462 MAIL ADDRESS: STREET 1: 337 MAGNA DRIVE STREET 2: N/A CITY: AURORA, ONTARIO, CAN STATE: A6 ZIP: L4G 7K1 6-K 1 f6k_020924.htm FORM 6-K   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K 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 Commission File Number: 001-11444 MAGNA INTERNATIONAL INC. (Exact Name of Registrant as specified in its Charter)   337 Magna Drive, Aurora, Ontario, CANADA  L4G 7K1  (Address of principal executive office)   Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☐      Form 40-F ☒ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Note:  Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders. Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Note:  Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.  Indicate by check mark whether the registrant, by furnishing the information contained in this Form, is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [  ] No [x] If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- --> 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 9, 2024 By: /s/ "Bassem Shakeel"                                   Bassem A. Shakeel,     Vice-President, Associate General Counsel and Corporate Secretary     (c) Exhibit 99.1. Press release dated February 9, 2024--> EXHIBITS   Exhibit 99.1   Press release issued February 9, 2024, in which the Registrant announced its unaudited consolidated financial results for the three months and year ended December 31, 2023, declared an increased fourth quarter dividend, and also announced