Ballard Announces Results of Annual General Meeting

VANCOUVER, June 2, 2016 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced results of its 2016 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 15, 2016 were elected as directors of the Company. Each of the Ballard directors was 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

15,869,936

96.59

559,703

3.41

Douglas P. Hayhurst 

15,948,130

97.07

481,512

2.93

R. Randall MacEwen

15,968,359

97.19

461,283

2.81

Marty Neese                   

16,016,103

97.48

413,539

2.52

James Roche

16,026,206

97.54

403,436

2.46

Carol M. Stephenson

15,863,747

95.56

565,895

3.44

Ian Sutcliffe

15,856,655

96.51

572,987

3.49

 

At the Annual General Meeting, Ballard's CEO also provided an update on the business.

In addition, KPMG LLC Chartered Accountants was appointed as auditor for the Company, an advisory vote approved the approach to executive compensation disclosed in the Company's Management Proxy Circular and a proposal was adopted to continue the Corporation from the Canada Business Corporations Act to the British Columbia Business Corporations Act (Continuance Proposal).

Item

For

% For

Against

% Against

Withheld/ Abstain

% Withheld/ Abstain

Non-Vote

Appointment of Auditors

49,323,902

91.76

0

0

4,430,462

8.24

0

Executive Compensation

11,905,675

72.46

4,523,968

27.54

0

0

37,324,721

Continuance Proposal

14,071,907

85.65

2,357,735

14.35

0

0

37,324,722

 

Final voting results on all matters voted on at the Annual General Meeting held on June 1, 2016 will be filed on SEDAR (www.sedar.com).  

About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) 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.

SOURCE Ballard Power Systems Inc.

For further information: Guy McAree, +1.604.412.7919, media@ballard.com or investors@ballard.com

RELATED LINKS
http://www.ballard.com

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