For Immediate Release – June 8, 2017
VANCOUVER, CANADA – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced results of its 2017 Annual General Meeting, which was held yesterday at the Company’s headquarters facility in Burnaby, British Columbia.
All nominees listed in the Management Proxy Circular dated April 18, 2017 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 Corporate Leadership section of the Company’s website.
| Director Nominee |
Votes For |
% For |
Votes Withheld |
% Withheld |
| Ian A. Bourne |
41,275,156 |
98.39 |
675,968 |
1.61 |
| Douglas P. Hayhurst |
41,462,289 |
98.83 |
488,835 |
1.17 |
| Duy-Loan Le |
41,441,932 |
98.79 |
509,192 |
1.21 |
| R. Randall MacEwen |
41,483,115 |
98.88 |
468,009 |
1.12 |
| Marty Neese |
41,472,067 |
98.86 |
479,057 |
1.14 |
| James Roche |
41,372,439 |
98.62 |
578,685 |
1.38 |
| Ian Sutcliffe |
41,339,043 |
98.54 |
612,081 |
1.46 |
| Janet Woodruff |
41,523,130 |
98.98 |
427,994 |
1.02 |
At the Annual General Meeting, Ballard’s CEO provided an update on the business, which can be found at www.ballard.com/investors/presentations-events.
In addition, KPMG LLC Chartered Accountants was appointed as auditor for the Company and an advisory vote approved the approach to executive compensation disclosed in the Company’s Management Proxy Circular.
| Item |
For |
% For |
Against |
% Against |
Withheld/ Abstain |
% Withheld/ Abstain |
Non-Vote |
| Appointment of Auditors |
75,099,051 |
98.69 |
0 |
0 |
997,909 |
1.31 |
0 |
| Executive Compensation |
40,950,461 |
97.61 |
1,000,661 |
2.31 |
0 |
0 |
34,145,835 |
Final voting results on all matters voted on at the Annual General Meeting held on June 7, 2017 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.
Further Information: Guy McAree +1.604.412.7919,
media@ballard.com or
investors@ballard.com