Linamar Corporation Announces Voting Results from Annual General Meeting

GUELPH, ON, June 4, 2019 /CNW/ - Linamar Corporation (TSX:LNR) today announced detailed results of the votes cast for three motions held during the Annual General Meeting of the Company on Thursday, May 30, 2019 in Guelph, Ontario, as set out below.

Confirmation of the Advance Notice By-Law
Shareholder's were asked to consider and, if thought appropriate, to pass without variation an ordinary resolution, approving, ratifying and confirming a new corporate by-law providing advance notice requirements for the nomination of directors to the Corporation's Board. Following a vote by way of show of hands, the by-law was confirmed by a majority of the votes cast by the shareholders present or represented by proxy, and was therefore ratified. The proxies received by Linamar in relation to the by-law were as follows:

	Votes For	Votes Against	% For	% Against
Advance Notice By-Law No. 8	38,629,512	13,228,608	74.94%	25.51%

Shareholder Proposal
Shareholder's were also asked to vote on a joint Shareholder Proposal ("Proposal") filed pursuant to s. 99 of the Business Corporations Act (Ontario). The Proposal called on the Board of Directors to adopt a policy that the Company's shareholders be permitted to vote, on an annual and advisory basis, on a management resolution to ratify the compensation of the Named Executive Officers set forth in the proxy statement. Following a vote by way of show of hands, the Proposal did not receive a majority of the votes cast by the shareholders present or represented by proxy, and was therefore not adopted. The proxies received by Linamar in relation to the Proposal were as follows:

	Votes For	Votes Against	% For	% Against
Shareholder Proposal	20,205,602	31,652,518	38.96%	61.04%

Election of Directors
The following nominees, as listed in the management proxy circular, for the 2019 Annual Meeting of Shareholders were elected as directors of Linamar Corporation.

Nominees	Votes For	% For	Votes Withheld	% Withheld
Frank Hasenfratz	38,575,945	74.39%	13,282,175	25.61%
Linda Hasenfratz	39,050,840	75.30%	12,807,280	24.70%
Mark Stoddart	38,648,899	74.53%	13,209,221	25.47%
Terry Reidel	36,388,317	70.17%	15,469,803	29.83%
William Harrison	39,133,719	75.46%	12,724,401	24.54%
Dennis Grimm	39,960,092	77.06%	11,898,028	22.94%

Linamar Corporation (TSX:LNR) is an advanced manufacturing company where the intersection of leading edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The Company is made up of 2 operating segments – the Industrial segment and the Transportation segment, which are further divided into 5 operating groups – Skyjack, Agriculture, Machining & Assembly, Light Metal Casting and Forging, all world leaders in the design, development and production of highly engineered products. The Company's Skyjack and MacDon companies are noted for their innovative, high quality mobile industrial and harvesting equipment, notably class-leading aerial work platforms, telehandlers, draper headers and self-propelled windrowers. The Company's Machining & Assembly, Light Metal Casting and Forging operating groups focus on precision metallic components, modules and systems for powertrain, driveline and body systems designed for global electrified and traditionally powered vehicle and industrial markets. Linamar has more than 29,000 employees in 60 manufacturing locations, 8 R&D centres and 25 sales offices in 17 countries in North and South America, Europe and Asia which generated sales of $7.6 billion in 2018. For more information about Linamar Corporation and its industry leading products and services, visit www.linamar.com or follow us on Twitter at @LinamarCorp.

SOURCE Linamar Corporation

Andrea Bowman, Investor Relations, Linamar Corporation, Tel: [phone]

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