VANCOUVER, June 3, 2014 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) today held the Company's 2013 Annual General Meeting in Burnaby, British Columbia at which all of the nominees listed in the Management Proxy Circular dated April 11, 2014 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 Nominee | Votes For | % For | Votes Withheld | % Withheld | |||||||||||
| Ian A. Bourne | 13,772,425 | 97.50 | 353,052 | 2.50 | |||||||||||
| Douglas P. Hayhurst | 13,785,491 | 97.59 | 339,986 | 2.41 | |||||||||||
| Edwin J. Kilroy | 13,760,296 | 97.41 | 365,181 | 2.59 | |||||||||||
| John W. Sheridan | 13,765,902 | 97.45 | 359,575 | 2.55 | |||||||||||
| Carol M. Stephenson | 13,310,096 | 94.23 | 815,381 | 5.77 | |||||||||||
| David B. Sutcliffe | 13,751,911 | 97.36 | 373,566 | 2.64 | |||||||||||
| Ian Sutcliffe | 13,748,539 | 97.33 | 376,938 | 2.67 |
Director biographies are available in the Corporate Leadership section of the company's website.
At the Annual General Meeting Ballard's leadership team also provided an update on the business, including: 2013 financial results; 2014 outlook; commercial progress; quality and service developments; and the recent acquisition of the intellectual property portfolio from United Technologies Corporation.
In addition, KPMG LLC Chartered Accountants was appointed as auditor for the Company and an advisory vote approved the approach to executive compensation disclosed in the Company's Management Proxy Circular:
| Item | Votes For | % For | Votes Withheld | % Withheld | ||||||||||||
| Appointment of Auditors | 45,515,791 | 97.13 | 1,345,338 | 2.87 | ||||||||||||
| Executive Compensation | 11,240,165 | 79.72 | 2,858,875 | 20.28 |
Final voting results on all matters voted on at the Annual General Meeting held on June 3, 2014 will be filed on SEDAR (www.sedar.com).
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) provides clean energy
fuel cell products enabling optimized power systems for a range of
applications. Products deliver incomparable performance, durability and
versatility. To learn more about Ballard, please visit www.ballard.com.
Guy McAree, +1.604.412.7919,media@ballard.com orinvestors@ballard.com
SOURCE Ballard Power Systems Inc.
