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 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.
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SOURCE Ballard Power Systems Inc.