June 7, 2018 - 8:45 AM EDT
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Ballard Announces Results of Annual General Meeting

VANCOUVER and TORONTO, June 7, 2018 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced results of its 2017 Annual General Meeting, which was held yesterday at Vantage Venues, 150 King Street, 27th Floor in Toronto, Ontario, Canada.  

All nominees listed in the Management Proxy Circular dated April 9th, 2018 were elected as directors of the Company. Each of the Ballard directors was elected or re-elected by a majority of the votes cast by shareholders present or represented by proxy. Director biographies are available in the Board of Directors section of the Company's website.

Director Nominee

Votes For

% For

Votes Withheld

% Withheld

Douglas P. Hayhurst

36,641,498

98.54

543,644

1.46

Duy-Loan Le

36,733,105

98.78

452,037

1.22

R. Randall MacEwen

36,910,763

98.74

472,379

1.26

Marty Neese

35,460,226

95.36

1,724,916

4.64

James Roche

36,635,148

98.52

549,994

1.48

Ian Sutcliffe

36,638,773

98.53

546,379

1.47

Janet Woodruff

36,791,351

98.94

393,791

1.06

 

As planned Ian Bourne, after reaching the director term limit, did not stand for reelection and retired as the non-executive Chair and as a member of the board of directors effective as of the Annual General Meeting. Also as expected, James Roche was subsequently appointed as the new Chair of the Board of Directors.

At the Annual General Meeting, Ballard's CEO provided an update on the business, which can be found at http://ballard.com/investors/presentations-events.

In addition, KPMG LLP, Chartered Accountants, was appointed as auditor for the Company, an advisory vote approved the approach to executive compensation, and the Company's equity-based compensation plans were approved, as disclosed in the Company's Management Proxy Circular.

Item

For

% For

Against

% Against

Withheld/ Abstain

% Withheld/ Abstain

Non-Vote

Appointment of Auditors

55,572,981

97.51

0

0

1,419,146

2.49

0

Executive Compensation

33,729,844

90.71

3,455,294

9.29

0

0

37,251,252

Equity-Based Compensation

31,452,859

84.58

5,732,278

15.42

0

0

37,251,253

 

Final voting results on all matters voted on at the Annual General Meeting held on June 6th, 2018 will be filed on SEDAR (www.sedar.com).  

About Ballard Power Systems

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. To learn more about Ballard, please visit www.ballard.com.

Cision View original content:http://www.prnewswire.com/news-releases/ballard-announces-results-of-annual-general-meeting-300661612.html

SOURCE Ballard Power Systems Inc.


Source: PR Newswire (June 7, 2018 - 8:45 AM EDT)

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