Ballard Power announces results of 2026 Annual General Meeting of Shareholders

Ballard Power (NASDAQ: BLDP, TSX: BLDP) reported results of its 2026 Annual General Meeting held June 3, 2026.

Rhea-AI Summary

Ballard Power (NASDAQ: BLDP, TSX: BLDP) reported results of its 2026 Annual General Meeting held June 3, 2026. All six director nominees were re‑elected, each receiving about 90%–99% of votes cast.

Shareholders re‑appointed KPMG LLP as auditor, with 87.02% of votes for, and approved an advisory resolution on executive compensation with 90.75% support. Ballard also reported board resignations by Janet Woodruff (effective June 2, 2026) and Weichai nominees Michael Chen and Huajie Wang (effective May 13, 2026).

Positive

• All six director nominees re‑elected with roughly 90%–99% shareholder support
• KPMG LLP re‑appointed as auditor with 87.02% of votes cast in favor
• Advisory vote on executive compensation approved with 90.75% shareholder support

Negative

• Three directors resigned from the board effective May 13 and June 2, 2026

Argus Jun 4 session

+0.17% close to close Open Argus

Details

News Market Reaction – BLDP

On Jun 4, the day this news came out, BLDP closed 0.17% above the previous close.

Data tracked by StockTitan Argus for the Jun 4 session.

Key Figures

Kathy Bayless votes for: 71,838,799 Kathy Bayless % for: 98.21% Marty Neese votes for: 72,533,025 +5 more

Kathy Bayless votes for

71,838,799

Director election at 2026 AGM

Kathy Bayless % for

98.21%

Director election support level

Marty Neese votes for

72,533,025

Director election at 2026 AGM

Marty Neese % for

99.16%

Director election support level

Executive compensation votes for

66,381,017

Say‑on‑pay advisory vote

Executive compensation % for

90.75%

Say‑on‑pay support level

Auditor appointment votes for

78,660,927

KPMG LLP re‑appointment

Auditor appointment withheld/abstain

11,730,437 (12.98%)

Votes withheld/abstain on auditor

Historical Context

5 past events · Latest: May 14

5 events

1. May 14

   Weichai directors exit

   24h Move

   +7.8%

   Weichai nominee directors resigned after stake fell below 15% threshold.

2. May 13

   Major holder share sale

   24h Move

   -0.5%

   Weichai sold 6.88M shares, cutting stake to about 13.02%.

3. May 06

   Wrightbus supply win

   24h Move

   -1.7%

   Wrightbus selected FCmove-SC engines for Gen 3.0 hydrogen buses.

4. May 05

   Solaris supply win

   24h Move

   +10.4%

   Solaris chose FCmove-SC and extended LTSA terms to 2029.

5. May 05

   Q1 2026 earnings

   24h Move

   +31.6%

   Revenue grew 26% YoY with stronger margins and lower expenses.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

proxy

1 terms

proxy financial

"Details of each of these resolutions are included in the Company's Management Proxy Circular."

A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

VANCOUVER, BC, June 4, 2026 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced results of its 2026 Annual General Meeting, which was held on June 3^rd.

Each of the Ballard directors was re-elected by a majority of the votes cast by shareholders present or represented by proxy.

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Kathy Bayless	71,838,799	98.21	1,312,516	1.79
Jacqueline Dedo	72,258,610	98.78	892,705	1.22
Douglas P. Hayhurst	66,168,321	90.45	6,982,994	9.55
Hubertus M. Muehlhaeuser	66,419,015	90.80	6,732,300	9.20
Marty Neese	72,533,025	99.16	618,290	0.85
James Roche	66,824,156	91.35	6,327,159	8.65

Ballard notes that Janet Woodruff resigned from her board seat effective June 2, 2026. Additionally, Weichai Nominees, Michael Chen and Huajie Wang, resigned their seats effective May 13, 2026.

Director biographies are available in the "Our Leadership" section of the Company's website.

In addition, KPMG LLP, Chartered Accountants, was re-appointed as auditor for the Company, and an advisory vote approved the approach to executive compensation. Details of each of these resolutions are included in the Company's Management Proxy Circular.

Item	Votes For	% For	Votes Against	% Against	Withheld/ Abstain	% Withheld/ Abstain
Appointment of Auditors	78,660,927	87.02	-	-	11,730,437	12.98
Executive Compensation	66,381,017	90.75	6,770,299	9.25	-	-

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, and stationary power. To learn more about Ballard, please visit www.ballard.com.

Further Information

Ballard Power Systems:
Sumit Kundu –Investor Relations, +1.604.453.3517 or investors@ballard.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-power-announces-results-of-2026-annual-general-meeting-of-shareholders-302791049.html

SOURCE Ballard Power Systems Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the results of Ballard Power’s 2026 Annual General Meeting for BLDP shareholders?

Ballard Power reported that all six director nominees were re‑elected and key resolutions passed. According to Ballard, shareholders also re‑appointed KPMG as auditor and approved an advisory vote on executive compensation at the June 3, 2026 meeting.

How did BLDP shareholders vote on director elections at Ballard Power’s 2026 AGM?

BLDP shareholders re‑elected all six Ballard Power director nominees with strong majorities. According to Ballard, vote support ranged from about 90% to over 99% for each director based on shares present or represented by proxy.

What was the executive compensation vote outcome for Ballard Power (BLDP) in June 2026?

Shareholders approved Ballard Power’s advisory executive compensation resolution. According to Ballard, 66,381,017 votes, or 90.75%, supported the approach, while 6,770,299 votes, or 9.25%, were cast against at the 2026 AGM.

Did Ballard Power (BLDP) re‑appoint KPMG as its auditor at the 2026 AGM?

Yes, KPMG LLP was re‑appointed as Ballard Power’s auditor. According to Ballard, 78,660,927 votes, or 87.02%, were cast in favor, while 11,730,437 votes, or 12.98%, were withheld or abstained on the auditor appointment.

Which Ballard Power (BLDP) directors resigned around the 2026 Annual General Meeting?

Three Ballard Power directors resigned near the 2026 AGM. According to Ballard, Janet Woodruff stepped down effective June 2, 2026, while Weichai nominees Michael Chen and Huajie Wang resigned effective May 13, 2026.

How might the 2026 BLDP board election and resignations affect Ballard Power’s governance?

The 2026 AGM confirmed six directors with high shareholder support while three others resigned. According to Ballard, the board now reflects the re‑elected members, with changes stemming from the departures of Woodruff, Chen, and Wang.