Ballard Power Systems Files 6-K Report

TL;DR

Ballard Power Systems (BLDP) filed a 6-K on 4/25/25, confirming its status as a foreign private issuer.

AI Summary

Ballard Power Systems Inc. filed a Form 6-K on April 25, 2025. The filing indicates the company is a foreign private issuer and is submitting its report under the Securities Exchange Act of 1934. Ballard Power Systems Inc. is incorporated in Canada and its principal executive office is located in Burnaby, BC.

Why It Matters

This filing provides routine disclosure for Ballard Power Systems Inc. as a foreign private issuer, informing investors about its regulatory status and basic company information.

Risk Assessment

Risk Level: low — This filing is a routine disclosure document for a foreign private issuer and does not contain new financial or operational information that would typically impact risk.

Key Players & Entities

• Ballard Power Systems Inc. (company) — Filer of the report
• 000-53543 (other) — Commission File Number
• April 25, 2025 (date) — Filing date
• 9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada (address) — Principal executive office

FAQ

From the Filing

0001206774-25-000282.txt : 20250425 0001206774-25-000282.hdr.sgml : 20250425 20250425130103 ACCESSION NUMBER: 0001206774-25-000282 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 69 CONFORMED PERIOD OF REPORT: 20250425 FILED AS OF DATE: 20250425 DATE AS OF CHANGE: 20250425 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 EIN: 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: 25871756 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 bldp4405071-6k.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 , 2025 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, 2025 By: /s/ Kate Igbalode Name: Kate Igbalode 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 bldp4405071-ex991.htm MANAGEMENT PROXY CIRCULAR Exhibit 99.1 TABLE OF CONTENTS NOTICE OF ANNUAL MEETING 3 LETTER FROM OUR BOARD CHAIR 4 EXECUTIVE SUMMARY 5 SECTION 1: VOTING INFORMATION 7 SECTION 2: BUSINESS OF THE MEETING 10 SECTION 3: ELECTION OF DIRECTORS 12 SECTION 4: CORPORATE GOVERNANCE 22 SECTION 5: EXECUTIVE COMPENSATION 28 SECTION 6: EQUITY-BASED COMPENSATION PLANS 56 SECTION 7: ADDITIONAL ITEMS 58 APPENDIX “A”: DEFINED TERMS 60 APPENDIX “B”: BOARD MANDATE 61 APPENDIX “C”: DESCRIPTION OF OPTION PLAN 64 APPENDIX “D”: DESCRIPTION OF SHARE DISTRIBUTION PLAN 67 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 that could cause our actual results or outcomes to differ materially, please refer to Ballard’s most recent management’s discussion & analysis. Other risks and uncertainties that may cause Ballard’s actual results