VANCOUVER and TORONTO, June 7,
2018 /CNW/ - 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 9 th, 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 6
th, 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.
View original content:http://www.prnewswire.com/news-releases/ballard-announces-results-of-annual-general-meeting-300661612.html
SOURCE Ballard Power Systems Inc.
View original content: http://www.newswire.ca/en/releases/archive/June2018/07/c5729.html