VANCOUVER, BC, Jun 9, 2022 (Canada NewsWire via COMTEX) -- Ballard Power Systems /zigman2/quotes/205070617/composite BLDP -2.46% /zigman2/quotes/201628877/delayed CA:BLDP -2.00% today announced results of its 2022 Annual General Meeting, which was held yesterday as a virtual event.
All nominees listed in the Management Proxy Circular dated April 11(th), 2022 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 Kathy Bayless 113,047,020 99.19 922,369 0.81 Douglas P. Hayhurst 111,878,099 98.17 2,091,290 1.83 Kui (Kevin) Jiang 90,878,540 79.74 23,090,847 20.26 Duy-Loan Le 112,700,952 98.89 1,268,436 1.11 Randy MacEwen 113,122,481 99.26 846,909 0.74 Hubertus M. Muehlhaeuser 112,872,897 99.04 1,096,493 0.96 Marty Neese 112,610,734 98.81 1,358,656 1.19 James Roche 112,822,949 98.99 1,146,441 1.01 Shaojun (Sherman) Sun 86,149,456 75.59 27,819,933 24.41 Janet Woodruff 102,288,303 89.75 11,681,085 10.25
In addition, KPMG LLP, Chartered Accountants, was appointed as auditor for the Company, an advisory vote approved the approach to executive compensation, and an amendment to the company's quorum requirements was approved. Details of each of these resolutions are included in the Company's Management Proxy Circular.
Item Withheld/ Votes For % For Votes % Against Withheld/ % Against Abstain Abstain Appointment of Auditors 116,806,010 90.91 11,685,033 9.09% Executive Compensation 100,340,032 88.04 13,629,358 11.96 Quorum Amendment 113,007,934 99.16 961,455 0.84
About Ballard Power Systems
Ballard Power Systems' /zigman2/quotes/205070617/composite BLDP -2.46% /zigman2/quotes/201628877/delayed CA:BLDP -2.00% 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 .
This release contains forward-looking statements concerning anticipated product performance and other characteristics, product deliveries and deployments. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Ballard Power Systems:Kate Charlton - VP Corporate Finance & Investor Relations +1.604.453.3939 or firstname.lastname@example.org
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SOURCE Ballard Power Systems Inc.
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