MAGNA INTERNATIONAL FILES 6-K, CONFIRMS FOREIGN PRIVATE ISSUER STATUS

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

From the Filing

0001171843-24-000738.txt : 20240213 0001171843-24-000738.hdr.sgml : 20240213 20240213092321 ACCESSION NUMBER: 0001171843-24-000738 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240213 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24622906 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_021324.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 13, 2024 By: /s/ "Bassem Shakeel"                                   Bassem A. Shakeel,     Vice-President, Associate General Counsel and Corporate Secretary     (c) Exhibit 99.1. Press release dated February 13, 2024--> 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. EX-99 2 exh_99.htm PRES