Ballard Announces Results of Annual General Meeting
Ballard Power Systems (NASDAQ: BLDP) held its 2021 Annual General Meeting virtually on June 2, 2021, where all director nominees received majority support from shareholders.
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Rhea-AI Summary
Ballard Power Systems (NASDAQ: BLDP) held its 2021 Annual General Meeting virtually on June 2, 2021, where all director nominees received majority support from shareholders. Douglas P. Hayhurst was re-elected with 95.02% support, while Randy MacEwen and Marty Neese also had strong backing, garnering 98.52% and 98.37% respectively. KPMG LLP was appointed as the company’s auditor, and shareholder votes approved executive compensation plans with 86.52% in favor. The final voting results will be filed on SEDAR.
Positive
- All director nominees elected with strong majority support.
- KPMG LLP appointed as auditor, indicating confidence in financial oversight.
- Executive compensation plans received 86.52% approval from shareholders.
Negative
- One nominee, Kui Jiang, had only 66.03% votes in favor, indicating some shareholder dissent.
Details
News Market Reaction – BLDP
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VANCOUVER, BC, June 3, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2021 Annual General Meeting, which was held yesterday as a virtual event.
All nominees listed in the Management Proxy Circular dated April 12th, 2021 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 "Our Leadership" section of the Company's website.
Director Nominee | Votes For | % For | Votes Withheld | % Withheld |
Douglas P. Hayhurst | 124,078,002 | 95.02 | 6,505,681 | 4.98 |
Kui (Kevin) Jiang Duy-Loan Le | 86,229,791 125,979,546 | 66.03 96.47 | 44,353,892 4,604,137 | 33.97 3.53 |
Randy MacEwen | 128,650,412 | 98.52 | 1,933,271 | 1.48 |
Marty Neese | 128,456,264 | 98.37 | 2,127,419 | 1.63 |
James Roche Shaojun (Sherman) Sun | 128,835,707 98,420,556 | 98.66 75.37 | 1,747,976 32,163,127 | 1.34 24.63 |
Janet Woodruff | 122,745,293 | 94.00 | 7,838,390 | 6.00 |
In addition, KPMG LLP, Chartered Accountants, was appointed as auditor for the Company, an advisory vote approved the approach to executive compensation, and equity-based compensation plans were approved, as disclosed in the Company's Management Proxy Circular.
Item | For | % For | Against | % Against | Withheld | % Withheld | ||||||
Appointment of Auditors | 138,230,488 | 92.67 | - | - | 10,929,918 | 7.33 | ||||||
Executive Compensation | 112,979,427 | 86.52 | 17,604,256 | 13.48 | - | - | ||||||
Equity-based Compensation Plans | 96,526,416 | 73.92 | 34,056,468 | 26.08 | - | - | ||||||
Final voting results on all matters voted on at the Annual General Meeting held on June 2nd, 2021 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. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks. To learn more about Ballard, please visit www.ballard.com.
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SOURCE Ballard Power Systems Inc.
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