Ballard Power Systems Files 6-K Report

TL;DR

Ballard Power Systems filed a routine 6-K report with the SEC on April 25, 2024.

AI Summary

Ballard Power Systems Inc. filed a Form 6-K on April 25, 2024, reporting as a foreign private issuer. The company, incorporated in Canada, is based in Burnaby, BC, and operates in the electrical industrial apparatus sector. This filing is a routine report and does not contain specific financial or operational updates beyond its classification.

Why It Matters

This filing indicates Ballard Power Systems is fulfilling its reporting obligations as a foreign private issuer with the SEC, which is standard for companies trading on US exchanges.

Risk Assessment

Risk Level: low — This is a standard SEC filing (Form 6-K) that does not contain new material information or financial results.

Key Players & Entities

• Ballard Power Systems Inc. (company) — Filer of the report
• 9000 Glenlyon Parkway, Burnaby, BC V5J 5J8 Canada (location) — Principal executive office address
• April 25, 2024 (date) — Filing date of the report

FAQ

From the Filing

0001206774-24-000391.txt : 20240425 0001206774-24-000391.hdr.sgml : 20240425 20240424203945 ACCESSION NUMBER: 0001206774-24-000391 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 63 CONFORMED PERIOD OF REPORT: 20240425 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53543 FILM NUMBER: 24872466 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 6-K 1 bldp4301211-6k.htm REPORT OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 April 25 , 2024 Commission File Number: 000-53543 Ballard Power Systems Inc. Canada (Jurisdiction of incorporation or organization) 9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ballard Power Systems Inc. Date: April 25, 2024 By: /s/ Paul Dobson Name: Paul Dobson Title: Sr. Vice President & Chief Financial Officer EXHIBIT INDEX Exhibit No. Description 99.1 Management Proxy Circular 99.2 Form of Proxy 99.3 Form of Voter Information Form 99.4 Meeting Notice EX-99.1 2 bldp4301211-ex991.htm MANAGEMENT PROXY CIRCULAR Exhibit 99.1 Table of Contents CONTENTS Notice of Annual Meeting 1 Message from our Chair 2 Executive Summary 3 Voting Information 5 Business of the Meeting 8 Election of Directors 12 Corporate Governance 23 Executive Compensation 31 Equity-Based Compensation Plans 62 Additional Items 63 Appendix “A” Board Mandate A-1 Appendix “B” Description of Option Plan B-1 Appendix “C” Description of SDP C-1 ABOUT BALLARD POWER SYSTEMS Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit w ww.ballard.com. CAUTION REGARDING FORWARD-LOOKING STATEMENTS This document contains forward-looking statements concerning anticipated markets for our products, implementation of government policy initiatives, planned manufacturing capacity expansion, product cost reduction activities and planned investments. These forward-looking statements reflect Ballard’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are based on Ballard’s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors