23,338,039
Vote Records
27,979
Companies
11,817
Funds
4,051
Managers

Home › Companies › Ballard Power Systems Inc. › 2025-2026

Ballard Power Systems Inc. 2025-2026 Proxy Voting Records

At Ballard Power Systems Inc.'s shareholder meeting held June 3, 2026, in the 2025-2026 proxy season, 78 asset managers reported how they voted in their SEC Form N-PX filings, covering 396 separate fund positions. Their filings are grouped here into 17 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 BALLARD'S… — the reporting funds and managers cast 92% 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.

  • 17Reported items
  • 78Asset managers
  • 396Fund votes
  • June 3, 2026Meeting 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. 2025-2026 meeting

Each item below shows how the 78 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 4 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 10,640,011 for, 226,531 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: 10,640,011WITHHOLD: 226,531
Largest asset managers voting on “ELECTION OF DIRECTOR: DOUGLAS. P. HAYHURST” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
Global X1,703,3550 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
NORTHERN LIGHTS FUND TRUST III00 0226,531Withhold
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
BlackRock34,4820 00For
Vanguard22,9000 00For
Tidal Trust II11,4860 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Crewe Advisors LLC500 00For
Keel Point, LLC500 00For

2. ELECTION OF DIRECTOR: HUAJIE WANG

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

68% of fund votes cast · no official result

FORWITHHOLD
Details: votes by 20 asset managers

The 20 asset managers below reported 7,415,917 for, 3,450,625 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: 7,415,917WITHHOLD: 3,450,625
Largest asset managers voting on “ELECTION OF DIRECTOR: HUAJIE WANG” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco00 01,747,270Withhold
Global X00 01,703,355Withhold
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
NORTHERN LIGHTS FUND TRUST III226,5310 00For
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
BlackRock34,4820 00For
Vanguard22,9000 00For
Tidal Trust II11,4860 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Crewe Advisors LLC500 00For
Keel Point, LLC500 00For

3. ELECTION OF DIRECTOR: JACQUELINE DEDO

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 10,866,542 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: 10,866,542
Largest asset managers voting on “ELECTION OF DIRECTOR: JACQUELINE DEDO” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
Global X1,703,3550 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
NORTHERN LIGHTS FUND TRUST III226,5310 00For
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
BlackRock34,4820 00For
Vanguard22,9000 00For
Tidal Trust II11,4860 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Crewe Advisors LLC500 00For
Keel Point, LLC500 00For

4. ELECTION OF DIRECTOR: JAMES ROCHE

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 10,640,011 for, 226,531 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: 10,640,011WITHHOLD: 226,531
Largest asset managers voting on “ELECTION OF DIRECTOR: JAMES ROCHE” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
Global X1,703,3550 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
NORTHERN LIGHTS FUND TRUST III00 0226,531Withhold
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
BlackRock34,4820 00For
Vanguard22,9000 00For
Tidal Trust II11,4860 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Crewe Advisors LLC500 00For
Keel Point, LLC500 00For

5. ELECTION OF DIRECTOR: MARTY NEESE

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 20 asset managers

The 20 asset managers below reported 10,866,542 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: 10,866,542
Largest asset managers voting on “ELECTION OF DIRECTOR: MARTY NEESE” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
Global X1,703,3550 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
NORTHERN LIGHTS FUND TRUST III226,5310 00For
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
BlackRock34,4820 00For
Vanguard22,9000 00For
Tidal Trust II11,4860 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Crewe Advisors LLC500 00For
Keel Point, LLC500 00For

6. ELECTION OF DIRECTOR: MICHAEL CHEN

No official resultsDIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

68% of fund votes cast · no official result

FORWITHHOLD
Details: votes by 20 asset managers

The 20 asset managers below reported 7,415,917 for, 3,450,625 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: 7,415,917WITHHOLD: 3,450,625
Largest asset managers voting on “ELECTION OF DIRECTOR: MICHAEL CHEN” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco00 01,747,270Withhold
Global X00 01,703,355Withhold
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
NORTHERN LIGHTS FUND TRUST III226,5310 00For
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
BlackRock34,4820 00For
Vanguard22,9000 00For
Tidal Trust II11,4860 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Crewe Advisors LLC500 00For
Keel Point, LLC500 00For

7. ELECTION OF DIRECTOR: KATHY BAYLESS

No official resultsDIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FOR
Details: votes by 19 asset managers

The 19 asset managers below reported 8,936,656 for, 226,531 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: 8,936,656WITHHOLD: 226,531
Largest asset managers voting on “ELECTION OF DIRECTOR: KATHY BAYLESS” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
NORTHERN LIGHTS FUND TRUST III00 0226,531Withhold
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
BlackRock34,4820 00For
Vanguard22,9000 00For
Tidal Trust II11,4860 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Crewe Advisors LLC500 00For
Keel Point, LLC500 00For

8. 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 17 asset managers

The 17 asset managers below reported 10,609,388 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: 10,609,388
Largest asset managers voting on “ELECTION OF DIRECTOR: HUBERTUS M. MUEHLHAEUSER” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
Global X1,703,3550 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
Vanguard22,9000 00For
BlackRock15,3950 00For
FundVantage Trust6,5450 00For
John Hancock3,0180 00For
Brighthouse2,3050 00For
Keel Point, LLC500 00For

9. DIRECTOR: H. M. Muehlhaeuser

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 2 asset managers

The 2 asset managers below reported 30,573 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: 30,573
Largest asset managers voting on “DIRECTOR: H. M. Muehlhaeuser” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock19,0870 00For
Tidal Trust II11,4860 00For

10. Election of Director: 5. H. M. Muehlhaeuser

No official resultsDIRECTOR ELECTIONS

0.1% of fund votes cast · no official result

WITHHOLD
Details: votes by 2 asset managers

The 2 asset managers below reported 50 for, 226,531 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: 50WITHHOLD: 226,531
Largest asset managers voting on “Election of Director: 5. H. M. Muehlhaeuser” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
NORTHERN LIGHTS FUND TRUST III00 0226,531Withhold
Crewe Advisors LLC500 00For

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

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

Combines 4 wordings of this item as funds reported it.

92% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 56 asset managers

Description as filed by funds: RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF BALLARD'S BOARD OF DIRECTORS, THAT THE SHAREHOLDERS ACCEPT THE APPROACH TO EXECUTIVE COMPENSATION DISCLOSED IN BALLARD'S CIRCULAR DATED APRIL 6, 2026.

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: 3 asset managers voting on “RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF BALLARD'S BOARD OF DIRECTO” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
NORTHERN LIGHTS FUND TRUST III226,5310 00For
BlackRock19,0870 00For
Tidal Trust II11,4860 00For

Fund voting reports, all 3 managers: 257,104 for.

Institutional-manager reports: 54 asset managers voting on “RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF BALLARD'S BOARD OF DIRECTO” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock1,114,8840 00For
Counterpoint Mutual Funds LLC226,5310 00For
BRUNI J V & CO /CO0126,548 00Against
National Bank Financial Inc.00 00Not Voted
1832 Asset Management L.P.46,8170 00For
Northern Trust26,7130 00For
First Affirmative Financial Network023,078 00Against
FIRST COMMONWEALTH FINANCIAL CORP /PA/14,8810 00For
SCOTIA CAPITAL INC.10,2080 00For
Perigon Wealth Management, LLC7,5540 00For
MERCER GLOBAL ADVISORS INC /ADV7,1870 00For
Putnam4,1240 00For
Edward D. Jones & Co., L.P.4,0060 00For
WELLS FARGO CLEARING SERVICES, LLC3,9110 00For
Janney Montgomery Scott LLC3,6850 00For
Newman Dignan & Sheerar, Inc.3,5000 00For
SALEM INVESTMENT COUNSELORS INC3,0070 00For
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC3,0000 00For
Southeast Asset Advisors, LLC2,9000 00For
HUNTINGTON NATIONAL BANK2,3000 00For
Corient Private Wealth LP2,0300 00For
GAMMA Investing LLC1,7900 00For
PNC BANK, NATIONAL ASSOCIATION1,5000 00For
Sanctuary Advisors, LLC1,3840 00For
Savant Capital, LLC1,0050 00For

Institutional-manager reports, all 54 managers: 1,499,104 for, 150,726 against, 10 abstained, 50,693 not voted. Showing the 25 largest; every one is in the interactive database (link above).

12. Advisory Vote on Executive Compensation Approach

99.8% of fund votes cast · no official result

FOR
Details: votes by 16 asset managers

The 16 asset managers below reported 8,916,645 for, 15,900 against. 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: 8,916,645AGAINST: 15,900
Largest asset managers voting on “Advisory Vote on Executive Compensation Approach” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
MILLER HOWARD INVESTMENTS INC /NY29,0250 00For
Vanguard22,9000 00For
APG Asset Management US Inc.015,900 00Against
FundVantage Trust6,5450 00For
Brighthouse2,3050 00For
Keel Point, LLC500 00For

13. Advisory vote on executive compensation. resolved, on an advisory basis and not to diminish the role and…

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

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 3 asset managers

Description as filed by funds: ADVISORY VOTE ON EXECUTIVE COMPENSATION. RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPONSIBILITIES OF BALLARDS BOARD OF DIRECTORS, THAT THE SHAREHOLDERS ACCEPT THE APPROACH TO EXECUTIVE COMPENSATION DISCLOSED IN BALLARDS CIRCULAR DATED APRIL 6, 2026

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: 2 asset managers voting on “ADVISORY VOTE ON EXECUTIVE COMPENSATION. RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPO” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock15,3950 00For
John Hancock3,0180 00For

Fund voting reports, all 2 managers: 18,413 for.

Institutional-manager reports: 2 asset managers voting on “ADVISORY VOTE ON EXECUTIVE COMPENSATION. RESOLVED, ON AN ADVISORY BASIS AND NOT TO DIMINISH THE ROLE AND RESPO” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock290,9560 00For
GERMAN AMERICAN BANCORP, INC.40 00For

Institutional-manager reports, all 2 managers: 290,960 for.

14. 14A Executive Compensation

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 2 asset managers

The 2 asset managers below reported 402 for, 1,865 abstained. 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: 402ABSTAIN: 1,865
Largest asset managers voting on “14A Executive Compensation” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
LEAVELL INVESTMENT MANAGEMENT, INC.00 1,8650Abstain
Claret Asset Management Corp4020 00For

15. 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 2 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., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Global X1,703,3550 00For

Fund voting reports, all 1 managers: 1,703,355 for.

Institutional-manager reports: 1 asset manager voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
TD Waterhouse Canada Inc.19,0870 00For

Institutional-manager reports, all 1 managers: 19,087 for.

16. 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 14 asset managers

The 14 asset managers below reported 8,887,620 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: 8,887,620
Largest asset managers voting on “Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration” at Ballard Power Systems Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
State Street5,042,5300 00For
Invesco1,747,2700 00For
First Trust635,4270 00For
Dimensional559,5400 00For
ALPS ETF Trust335,9400 00For
TIAA180,6380 00For
Fidelity155,0840 00For
American Century68,7310 00For
ProShares66,2600 00For
Blackstone Alternative Investment Funds64,4000 00For
Vanguard22,9000 00For
FundVantage Trust6,5450 00For
Brighthouse2,3050 00For
Keel Point, LLC500 00For

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

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

18% of fund votes cast · no official result

FORWITHHOLD
Details: description as filed, votes by 5 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 5 asset managers below reported 49,036 for, 226,531 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: 49,036WITHHOLD: 226,531
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., 2025-2026
Asset managerForAgainst AbstainWithheldVote
NORTHERN LIGHTS FUND TRUST III00 0226,531Withhold
BlackRock34,4820 00For
Tidal Trust II11,4860 00For
John Hancock3,0180 00For
Crewe Advisors LLC500 00For

Largest Ballard Power Systems Inc. shareholders voting in 2025-2026

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 300,784,816 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”, 2025-2026
#Asset manager % of shares outstanding
1State Street 1.68%
2Invesco 0.58%
3Global X 0.57%
4First Trust 0.21%
5Dimensional 0.19%
6ALPS ETF Trust 0.11%
7NORTHERN LIGHTS FUND TRUST III 0.08%
8TIAA 0.06%
9Fidelity 0.05%
10American Century 0.02%
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 BALLARD'S…”, 2025-2026
#Asset manager % of shares outstanding
1BlackRock 0.37%
2Counterpoint Mutual Funds LLC 0.08%
3BRUNI J V & CO /CO 0.04%
4National Bank Financial Inc. 0.02%
51832 Asset Management L.P. 0.02%
6Northern Trust <0.01%
7First Affirmative Financial Network <0.01%
8FIRST COMMONWEALTH FINANCIAL CORP /PA/ <0.01%
9SCOTIA CAPITAL INC. <0.01%
10Perigon Wealth 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 2025-2026 proxy season
Holder % outstanding Disclosure
Weichai Power Hong Kong International Development Co., Limited 10.34% 13D
Morgan Stanley 4.25% 13F
Two Sigma 4.10% 13F
D.E. Shaw 2.75% 13F
State Street 1.65% 13F
Invesco 1.31% 13F
Citadel Advisors 0.97% 13F
Millennium Management 0.66% 13F
Dimensional Fund Advisors 0.61% 13F
JPMorgan Chase 0.40% 13F

Percentages above are of 300,784,816 shares outstanding, as reported by Ballard Power Systems Inc. on its Form 40-F dated December 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

Related

About this page

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, 2025. 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 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “Ballard Power Systems (BLDP) 2026 Annual Meeting: Vote Results”, https://proxyvotesnow.com/company/ballard-power-systems-inc/2026 (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.