Jun 05, 2019

Ballard Announces Results of 2018 Annual General Meeting

VANCOUVER, CANADA Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced results of its 2018 Annual General Meeting, which was held yesterday at the Company’s headquarters in Burnaby, British Columbia, Canada.  

All nominees listed in the Management Proxy Circular dated April 8th, 2019 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 75,018,994 99.44 422,484 0.56
Kui (Kevin) Jiang 73,206,309 97.04 2,235,170 2.96
Duy-Loan Le 74,972,046 99.38  469,433 0.62
R. Randall MacEwen 75,021,963 99.44 419,516 0.56
Marty Neese  75,057,064  99.49  384,415  0.51
James Roche 75,078,086 99.52 363,393 0.48
Shaojun (Sherman) Sun  74,141,866  98.28  1,299,613  1.72 
Ian Sutcliffe 75,065,692 99.50 375,787 0.50
Janet Woodruff  75,077,089  99.52  364,390  0.48


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 and an advisory vote approved the approach to executive compensation, as disclosed in the Company’s Management Proxy Circular.

Item For % For Against % Against Withheld/ Abstain % Withheld/ Abstain Non-Vote
Appointment of Auditors 107,081,821
96.05 0 0 2,494,256 3.95 0
Executive Compensation 72,564,561 96.18 2,876,918 3.82 0 0 34,134,598


Final voting results on all matters voted on at the Annual General Meeting held on June4th, 2019 will be filed on SEDAR (www.sedar.com).  

About Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. The Company builds fuel cell products that reduce customer costs and risks, and helps customers solve difficult technical challenges or address new business opportunities. 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

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