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Magellan Aerospace Corp (2)
Symbol MAL
Shares Issued 57,138,580
Close 2025-05-06 C$ 14.01
Market Cap C$ 800,511,506
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Magellan Aerospace holders elect six directors at AGM

2025-05-06 22:07 ET - News Release


MISSISSAUGA, Ontario -- (Business Wire)

Magellan Aerospace Corporation (the "Corporation") announces that today at the annual meeting of shareholders of the Corporation (the “Meeting”) the proposed nominees for directors of the Corporation received the following votes:

Name of Proposed Nominee

Votes For

Percentage of Votes For

Votes Withheld

Percentage of Votes Withheld

N. Murray Edwards

48,105,366

97.41%

1,281,247

2.59%

Phillip C. Underwood

48,994,361

99.21%

392,252

0.79%

Beth M. Budd Bandler

47,913,682

97.02%

1,472,931

2.98%

Larry G. Moeller

48,893,937

99.00%

492,676

1.00%

Steven Somerville

48,128,563

97.45%

1,258,050

2.55%

James P. Veitch

47,314,560

95.80%

2,072,053

4.20%

As a result, all of the above named nominees have been elected to hold office for the ensuing year, or until their successors are duly elected or appointed, subject to the provisions of the Business Corporations Act (Ontario) and by-laws of the Corporation.

About Magellan Aerospace
Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs, engineers, and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, industrial power generation, and specialty products. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe and India.

Contacts:

Phillip C. Underwood
Chief Executive Officer
Magellan Aerospace Corporation
T : +1 (905) 677-1889
E: phil.underwood@magellan.aero

Elena M. Milantoni
Chief Financial Officer
Magellan Aerospace Corporation
T: +1 (905) 677-1889
E: elena.milantoni@magellan.aero

Source: Magellan Aerospace Corporation

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