Ballard Announces Election of Directors at Annual General Meeting

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 or investors@ballard.com

SOURCE Ballard Power Systems Inc.



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