Ballard Power Systems Shares Governance Progress Update

Author: Owen Jenkins Updated: 06-05-2025 07:43 AM

Ballard Power Systems Annual Meeting Overview

Ballard Power Systems (NASDAQ: BLDP) held its Annual General Meeting with positive outcomes. The results have highlighted the strong support from shareholders for the nominated directors and various resolutions.

Election of Directors

All nominees presented in the Management Proxy Circular received the backing necessary for re-election. Each director successfully secured a majority of votes, underscoring the trust shareholders have in the company's leadership. This reflects a commitment to maintaining a strong governance structure at the company.

Detailed Election Results

Below are the outcomes for the director nominees:

Kathy Bayless

Votes For: 84,684,573 (97.71%) | Votes Withheld: 1,988,964 (2.29%)

Michael Chen

Votes For: 84,336,534 (97.30%) | Votes Withheld: 2,337,005 (2.70%)

Jacqueline Dedo

Votes For: 78,793,325 (90.91%) | Votes Withheld: 7,880,214 (9.09%)

Douglas P. Hayhurst

Votes For: 78,041,127 (90.04%) | Votes Withheld: 8,632,412 (9.96%)

Randy MacEwen

Votes For: 84,892,738 (97.95%) | Votes Withheld: 1,780,800 (2.05%)

Hubertus M. Muehlhaeuser

Votes For: 77,913,248 (89.89%) | Votes Withheld: 8,760,291 (10.11%)

Marty Neese

Votes For: 84,225,903 (97.18%) | Votes Withheld: 2,447,635 (2.82%)

James Roche

Votes For: 84,789,591 (97.83%) | Votes Withheld: 1,883,947 (2.17%)

Yingbo Wang

Votes For: 84,290,998 (97.25%) | Votes Withheld: 2,382,540 (2.75%)

Janet Woodruff

Votes For: 77,861,876 (89.83%) | Votes Withheld: 8,811,662 (10.17%)

Appointment of Auditors and Compensation

KPMG LLP was reappointed as the Company’s auditor, further reinforcing financial governance. Additionally, shareholders voted in favor of the proposed executive compensation plan with 88.81% approval.

About Ballard Power Systems

Ballard Power Systems is focused on delivering innovative fuel cell power solutions to contribute to a sustainable future. Their zero-emission PEM fuel cells empower multiple sectors, including transportation, marine, and stationary energy. For more information, visit www.ballard.com.

Further Information

For inquiries, please contact:
Sumit Kundu – Investor Relations, +1.604.453.3517.

Frequently Asked Questions

What was the main purpose of the Annual General Meeting?

The main purpose was to elect directors and secure approval for company resolutions including auditor appointments and executive compensation plans.

Who were the newly re-elected directors?

The newly re-elected directors included Kathy Bayless, Michael Chen, and Randy MacEwen among others.

What percentage of votes approved the executive compensation?

The executive compensation plan received an 88.81% approval from shareholders.

What firm was selected as the auditor for Ballard Power Systems?

KPMG LLP was reappointed as the auditor for the Company.

How can I stay updated on Ballard Power Systems?

You can visit their official website at www.ballard.com for the latest news and updates.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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