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Home › Companies › Ballard Power Systems Inc. › 2024-2025

Ballard Power Systems Inc. 2024-2025 Proxy Voting Records

At Ballard Power Systems Inc.'s shareholder meeting held June 4, 2025, in the 2024-2025 proxy season, 75 asset managers reported how they voted in their SEC Form N-PX filings, covering 524 separate fund positions. Their filings are grouped here into 16 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF THE BOARD… — the reporting funds and managers cast 99.8% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 16Reported items
  • 75Asset managers
  • 524Fund votes
  • June 4, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Ballard Power Systems Inc. has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Ballard Power Systems Inc. in the interactive database Compare manager voting policies

How asset managers voted at the Ballard Power Systems Inc. 2024-2025 meeting

Each item below shows how the 75 asset managers that disclosed a Ballard Power Systems Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Ballard Power Systems Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. ELECTION OF DIRECTOR: DOUGLAS P. HAYHURST

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,516,277 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,516,277
Largest asset managers voting on “ELECTION OF DIRECTOR: DOUGLAS P. HAYHURST” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

2. ELECTION OF DIRECTOR: HUBERTUS M. MUEHLHAEUSER

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,516,277 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,516,277
Largest asset managers voting on “ELECTION OF DIRECTOR: HUBERTUS M. MUEHLHAEUSER” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

3. Elect Director Jacqueline A. Dedo

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,516,277 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,516,277
Largest asset managers voting on “Elect Director Jacqueline A. Dedo” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

4. ELECTION OF DIRECTOR: JAMES ROCHE

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,516,277 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,516,277
Largest asset managers voting on “ELECTION OF DIRECTOR: JAMES ROCHE” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

5. ELECTION OF DIRECTOR: JANET WOODRUFF

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

96% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,224,642 for, 291,635 withheld. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,224,642WITHHOLD: 291,635
Largest asset managers voting on “ELECTION OF DIRECTOR: JANET WOODRUFF” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street00 0291,635Withhold
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

6. ELECTION OF DIRECTOR: MARTY NEESE

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,516,277 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,516,277
Largest asset managers voting on “ELECTION OF DIRECTOR: MARTY NEESE” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

7. ELECTION OF DIRECTOR: MICHAEL CHEN

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,516,277 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,516,277
Largest asset managers voting on “ELECTION OF DIRECTOR: MICHAEL CHEN” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

8. Election of Director: Randy MacEwen

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 7,516,277 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,516,277
Largest asset managers voting on “Election of Director: Randy MacEwen” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

9. ELECTION OF DIRECTOR: KATHY BAYLESS

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 18 asset managers

The 18 asset managers below reported 4,139,095 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,139,095
Largest asset managers voting on “ELECTION OF DIRECTOR: KATHY BAYLESS” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

10. ELECTION OF DIRECTOR: YINGBO WANG

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 18 asset managers

The 18 asset managers below reported 4,139,095 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,139,095
Largest asset managers voting on “ELECTION OF DIRECTOR: YINGBO WANG” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Invesco2,009,8870 00For
First Trust658,8380 00For
ETF Series Solutions618,0540 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
BlackRock39,8340 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

11. Resolved, on an advisory basis and not to diminish the role and responsibilities of the board of directors of the…

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

Combines 6 wordings of this item as funds reported it.

99.8% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 52 asset managers

Description as filed by funds: RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS OF THE CORPORATION, THAT THE SHAREHOLDERS ACCEPT THE APPROACH TO EXECUTIVE COMPENSATION DISCLOSED IN THE CORPORATION'S CIRCULAR DATED APRIL 7, 2025.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 6 asset managers voting on “RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS OF ” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
ETF Series Solutions618,0540 00For
BlackRock39,8340 00For
Tidal Trust II09,101 00Against
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

Fund voting reports, all 6 managers: 667,498 for, 9,101 against.

Institutional-manager reports: 46 asset managers voting on “RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS OF ” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock4,913,2830 00For
SCOTIA CAPITAL INC.12,4150 00For
Northern Trust7,5780 00For
Perigon Wealth Management, LLC7,5540 00For
HARTLINE INVESTMENT CORP/6,6980 00For
Southeast Asset Advisors, LLC4,8000 00For
Newman Dignan & Sheerar, Inc.3,5000 00For
Corient Private Wealth LLC2,2300 00For
BOKF, NA2,0000 00For
CASTLEARK MANAGEMENT LLC1,4900 00For
MERCER GLOBAL ADVISORS INC /ADV1,1000 00For
PNC BANK, NATIONAL ASSOCIATION1,1000 00For
Beacon Pointe Advisors, LLC1,0000 00For
D.A. DAVIDSON & CO.1,0000 00For
LCM Capital Management Inc01,000 00Against
M. Kulyk & Associates, LLC7000 00For
SCHAPER BENZ & WISE INVESTMENT COUNSEL INC/WI7000 00For
US BANK NATIONAL ASSOCIATION6350 00For
Savant Capital, LLC5050 00For
CABOT WEALTH MANAGEMENT INC5000 00For
OLD NATIONAL BANCORP /IN/5000 00For
ZACKS INVESTMENT MANAGEMENT4500 00For
Badgley Phelps Wealth Managers, LLC4000 00For
FIRST MANHATTAN CO. LLC.3000 00For
Edward D. Jones & Co., L.P.2840 00For

Institutional-manager reports, all 46 managers: 4,972,591 for, 1,100 against. Showing the 25 largest; every one is in the interactive database (link above).

12. Advisory Vote on Executive Compensation Approach

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 16 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 12 asset managers voting on “Advisory Vote on Executive Compensation Approach” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Invesco2,009,8870 00For
First Trust658,8380 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For

Fund voting reports, all 12 managers: 3,462,496 for.

Institutional-manager reports: 4 asset managers voting on “Advisory Vote on Executive Compensation Approach” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Desjardins Global Asset Management Inc.294,8210 00For
CIDEL ASSET MANAGEMENT INC6,9060 00For
MILLER HOWARD INVESTMENTS INC /NY1,0810 00For
MONTRUSCO BOLTON INVESTMENTS INC.1220 00For

Institutional-manager reports, all 4 managers: 302,930 for.

13. Advisory Vote to Ratify Named Executive Officers' Compensation

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 4 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 1 asset manager voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Global X3,377,1820 00For

Fund voting reports, all 1 managers: 3,377,182 for.

Institutional-manager reports: 3 asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
TD ASSET MANAGEMENT INC293,6170 00For
TD Waterhouse Canada Inc.10,0350 00For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma6500 00For

Institutional-manager reports, all 3 managers: 304,302 for.

14. 14A Executive Compensation

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FORUNKNOWN
Details: votes by 3 asset managers

The 3 asset managers below reported 588 for, 1,865 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 588UNKNOWN: 1,865
Largest asset managers voting on “14A Executive Compensation” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
LEAVELL INVESTMENT MANAGEMENT, INC.00 00--
Claret Asset Management Corp4020 00For
Blue Fin Capital, Inc.1860 00For

15. Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 12 asset managers

The 12 asset managers below reported 3,462,496 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,462,496
Largest asset managers voting on “Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Invesco2,009,8870 00For
First Trust658,8380 00For
State Street291,6350 00For
Fidelity208,9180 00For
ProShares69,0840 00For
Dimensional68,9520 00For
ALPS ETF Trust39,9490 00For
Brighthouse37,6780 00For
WisdomTree24,0400 00For
TIAA21,4380 00For
Blackstone Alternative Investment Funds18,7000 00For
American Century13,3770 00For

16. Appointment of KPMG LLP, Chartered Accountants as Auditors of the Corporation for the ensuing year and authorizing the…

No official resultsAUDIT-RELATEDCOMPENSATION

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 6 asset managers

Description as filed by funds: Appointment of KPMG LLP, Chartered Accountants as Auditors of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration.

The 6 asset managers below reported 676,599 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 676,599
Largest asset managers voting on “Appointment of KPMG LLP, Chartered Accountants as Auditors of the Corporation for the ensuing year and authori” at Ballard Power Systems Inc., 2024-2025
Asset managerForAgainst AbstainWithheldVote
ETF Series Solutions618,0540 00For
BlackRock39,8340 00For
Tidal Trust II9,1010 00For
Allianz6,0560 00For
John Hancock3,2630 00For
CITY NATIONAL ROCHDALE FUNDS2910 00For

Largest Ballard Power Systems Inc. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 298,935,706 shares outstanding at the time of that meeting.

Fund voting reports: top Ballard Power Systems Inc. shareholders by shares voted on “ELECTION OF DIRECTOR: DOUGLAS P. HAYHURST”, 2024-2025
#Asset manager % of shares outstanding
1Global X 1.13%
2Invesco 0.67%
3First Trust 0.22%
4ETF Series Solutions 0.21%
5State Street 0.10%
6Fidelity 0.07%
7ProShares 0.02%
8Dimensional 0.02%
9ALPS ETF Trust 0.01%
10BlackRock 0.01%
Institutional-manager reports: top Ballard Power Systems Inc. shareholders by shares voted on “RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF THE BOARD…”, 2024-2025
#Asset manager % of shares outstanding
1BlackRock 1.64%
2SCOTIA CAPITAL INC. <0.01%
3Northern Trust <0.01%
4Perigon Wealth Management, LLC <0.01%
5HARTLINE INVESTMENT CORP/ <0.01%
6Southeast Asset Advisors, LLC <0.01%
7Newman Dignan & Sheerar, Inc. <0.01%
8Corient Private Wealth LLC <0.01%
9BOKF, NA <0.01%
10CASTLEARK MANAGEMENT LLC <0.01%

Reported Ballard Power Systems Inc. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

Ballard Power Systems Inc. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
Weichai Power Hong Kong International Development Co., Limited 10.40% 13D
BlackRock, Inc. 4.74% 13G
Goldman Sachs 1.64% 13F
Invesco 1.25% 13F
State Street 0.86% 13F
Two Sigma 0.86% 13F
D.E. Shaw 0.85% 13F
Morgan Stanley 0.61% 13F
Millennium Management 0.60% 13F
Dimensional Fund Advisors 0.59% 13F

Percentages above are of 298,935,706 shares outstanding, as reported by Ballard Power Systems Inc. on its Form 40-F dated December 31, 2023 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

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Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Ballard Power Systems Inc.’s 40-F dated December 31, 2023. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Ballard Power Systems Inc. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

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proxyvotesnow.com, “Ballard Power Systems (BLDP) 2025 Annual Meeting: Vote Results”, https://proxyvotesnow.com/company/ballard-power-systems-inc/2025 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.