VANCOUVER, BC, June 6, 2024
/PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP)
today announced results of its 2024 Annual General Meeting, which
was held on June 5th.
All nominees listed in the Management Proxy Circular dated
April 8th, 2024 were
elected as directors of the Company. Each of the Ballard directors
was re-elected by a majority of the votes cast by shareholders
present or represented by proxy. Director biographies are available
in the "Our Leadership" section of the Company's website.
|
Director
Nominee
|
Votes For
|
% For
|
Votes
Withheld
|
% Withheld
|
|
Kathy
Bayless
|
83,641,690
|
97.30
|
2,324,646
|
2.70
|
|
Michael Chen
|
84,398,150
|
98.18
|
1,568,545
|
1.82
|
|
Jacqueline
Dedo
|
85,007,682
|
98.88
|
959,013
|
1.12
|
|
Douglas P.
Hayhurst
|
83,158,374
|
96.73
|
2,808,321
|
3.27
|
|
Randy
MacEwen
|
84,938,906
|
98.80
|
1,027,789
|
1.20
|
|
Hubertus M.
Muehlhaeuser
|
83,530,914
|
97.17
|
2,435,781
|
2.83
|
|
Marty Neese
|
83,612,516
|
97.26
|
2,353,820
|
2.74
|
|
James Roche
|
84,166,936
|
97.91
|
1,799,400
|
2.09
|
|
Yingbo Wang
|
84,347,019
|
98.13
|
1,610,816
|
1.87
|
|
Janet
Woodruff
|
78,651,745
|
91.49
|
7,314,591
|
8.51
|
In addition, KPMG LLP, Chartered Accountants, was re-appointed
as auditor for the Company, an advisory vote approved the approach
to executive compensation, and the Corporation's equity-based
compensation plans was approved. Details of each of these
resolutions are included in the Company's Management Proxy
Circular.
|
Item
|
Votes For
|
% For
|
Votes
Against
|
%
Against
|
Withheld/
Abstain
|
% Withheld/
Abstain
|
|
Appointment of
Auditors
|
88,396,940
|
86.26
|
-
|
-
|
14,080,233
|
13.74
|
|
Executive
Compensation
|
76,808,517
|
80.15
|
19,027,201
|
19.85
|
-
|
-
|
|
Equity-Based
Compensation Plans
|
69,476,454
|
80.82
|
16,490,240
|
19.18
|
-
|
-
|
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to
deliver fuel cell power for a sustainable planet. Ballard
zero-emission PEM fuel cells are enabling electrification of
mobility, including buses, commercial trucks, trains, marine
vessels, and stationary power. To learn more about Ballard, please
visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and other characteristics, product
deliveries and deployments. These forward-looking statements
reflect Ballard's current expectations as contemplated under
section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Any such
forward-looking statements are based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including
general economic and regulatory changes, detrimental reliance on
third parties, successfully achieving our business plans and
achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Ballard's future
performance, please refer to Ballard's most recent Annual
Information Form. Readers should not place undue reliance on
Ballard's forward-looking statements and Ballard assumes no
obligation to update or release any revisions to these
forward-looking statements, other than as required under applicable
legislation.
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SOURCE Ballard Power Systems Inc.