Brookfield Renewable Corp 6-K, filed Jun 14, 2022
Brookfield Renewable Corp (BEPC)
About this 6-K
Brookfield Renewable Corp filed this 6-K on June 14, 2022.
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
For the month of June 2022
Commission File Number: 001-39355
BROOKFIELD RENEWABLE CORPORATION
(Translation of registrant's name into English)
250 Vesey Street, 15th Floor
New York, New York 10281
(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 [ X ] 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):
EXHIBIT INDEX
| Exhibit | ||||
| 99.1 | Press release dated June 14, 2022. | |||
| 99.2 | Report on Voting Results for the Registrant’s Annual Meeting of Shareholders held June 14, 2022. |
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.
| BROOKFIELD RENEWABLE CORPORATION | ||
| (Registrant) | ||
| Date: June 14, 2022 | /s/ Jennifer Mazin | |
| Jennifer Mazin | ||
| General Counsel and Corporate Secretary | ||
EXHIBIT 99.1
Brookfield Renewable Corporation Announces Results of Annual Meeting of Shareholders
BROOKFIELD, NEWS, June 14, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Corporation (the “Corporation”) (TSX, NYSE: BEPC) today announced that all ten nominees proposed for election to the board of directors by holders of class A exchangeable subordinate voting shares (“Exchangeable Shares”) and holders of class B multiple voting shares (“Class B Shares”) were elected at the company’s annual meeting of shareholders held on June 14, 2022 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.
In accordance with the Corporation’s articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting interest in the Corporation in the aggregate, and the Class B Shares were entitled to a total of 516,677,463 votes in the aggregate, representing a 75% voting interest in the Corporation.
The following is a summary of the votes cast by holders of Exchangeable Shares and Class B Shares, voting together as a single class, in regard to the election of the ten directors:
| Director Nominee | Votes For | % | Votes Withheld | % | ||||
| Jeffrey Blidner | 605,624,552 | 94.87 | % | 32,771,310 | 5.13 | % | ||
| Scott Cutler | 636,714,211 | 99.74 | % | 1,681,651 | 0.26 | % | ||
| Sarah Deasley | 638,062,186 | 99.95 | % | 333,676 | 0.05 | % | ||
| Nancy Dorn | 636,601,262 | 99.72 | % | 1,794,600 | 0.28 | % | ||
| Eleazar de Carvalho Filho | 628,522,051 | 98.45 | % | 9,873,811 | 1.55 | % | ||
| Randy MacEwen | 637,378,385 | 99.84 | % | 1,017,477 | 0.16 | % | ||
| David Mann | 632,822,237 | 99.13 | % | 5,573,623 | 0.87 | % | ||
| Lou Maroun | 635,894,947 | 99.61 | % | 2,500,914 | 0.39 | % | ||
| Stephen Westwell | 637,271,102 | 99.82 | % | 1,124,760 | 0.18 | % | ||
| Patricia Zuccotti | 636,735,086 | 99.74 | % | 1,660,775 | 0.26 | % |
A summary of all votes cast by holders of the Exchangeable Shares and Class B Shares represented at the company’s annual meeting of shareholders is available on SEDAR at www.sedar.com.
Brookfield Renewable
Brookfield Renewable Corporation and Brookfield Renewable Partners L.P., together Brookfield Renewable, operate one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 21,000 megawatts of installed capacity and an approximately 69,000-megawatt development pipeline. Investors can access its portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at https://bep.brookfield.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $725 billion of assets under management.
| Contact information: | |
| Media: | Investors: |
| Simon Maine | Angela O’Donnell |
| Managing Director – Communications | Coordinator – Investor Relations |
| +44 (0) 739 8 909 278 | (416) 359-8546 |
| simon.maine@brookfield.com | angela.odonnell@brookfield.com |
Exhibit 99.2
Brookfield RENEWABLE CORPORATION
REPORT OF VOTING RESULTS
Annual Meeting of Shareholders
June 14, 2022
| National Instrument 51-102 – Section 11.3 (Canada) |
The Annual Meeting of Shareholders of Brookfield Renewable Corporation (the “Corporation”) was held on Tuesday, June 14, 2022 at 9:00 a.m. in a virtual meeting format (the “Meeting”). At the Meeting, shareholders holding 131,235,824 class A exchangeable subordinate voting shares (“Exchangeable Shares”), representing 76.2% of the Corporation’s 172,225,821 issued and outstanding Exchangeable Shares on the record date for the Meeting, and 165 class B multiple voting shares (“Class B Shares”), representing 100% of the Corporation’s issued and outstanding Class B Shares on the record date for the Meeting, were represented in person or by proxy.
In accordance with the Corporation’s articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting interest in the Corporation, and the 165 Class B Shares were entitled to a total of 516,677,463 votes in the aggregate, representing a 75% voting interest in the Corporation.
The following is a summary of the votes cast by holders of the Exchangeable Shares and Class B Shares represented at the Meeting, voting together as a single class.
Election of Directors
All of the ten nominees proposed by management for election to the Board of Directors of the Corporation were nominated and elected at the Meeting by acclamation. As indicated below, each director elected at the Meeting also received a majority of the proxy votes cast for and withheld from voting for the individual director:
| Director Nominee | Votes For | % | Votes Withheld | % |
| Jeffrey Blidner | 605,624,552 | 94.87% | 32,771,310 | 5.13% |
| Scott Cutler | 636,714,211 | 99.74% | 1,681,651 | 0.26% |
| Sarah Deasley | 638,062,186 | 99.95% | 333,676 | 0.05% |
| Nancy Dorn | 636,601,262 | 99.72% | 1,794,600 | 0.28% |
| Eleazar de Carvalho Filho | 628,522,051 | 98.45% | 9,873,811 | 1.55% |
| Randy MacEwen | 637,378,385 | 99.84% | 1,017,477 | 0.16% |
| David Mann | 632,822,237 | 99.13% | 5,573,623 | 0.87% |
| Lou Maroun | 635,894,947 | 99.61% | 2,500,914 | 0.39% |
| Stephen Westwell | 637,271,102 | 99.82% | 1,124,760 | 0.18% |
| Patricia Zuccotti | 636,735,086 | 99.74% | 1,660,775 | 0.26% |
Appointment of Auditors
The resolution to reappoint Ernst & Young LLP, as the external auditor of the Corporation to hold office until the next Annual Meeting of Shareholders and to authorize the directors to fix the remuneration to be paid to the external auditor was approved by the majority of both the holders of Exchangeable Shares and Class B Shares, voting together as a single class:
| Votes For | % | Votes Withheld | % |
| 647,257,926 | 99.90% | 655,357 | 0.10% |
Other Business
There were no other matters coming before the Meeting that required a vote by either the holders of Exchangeable Shares or Class B Shares.
Dated: June 14, 2022
| BROOKFIELD RENEWABLE CORPORATION | ||
| By: | /s/ Jennifer Mazin | |
|
Name: Jennifer Mazin Title: General Counsel and Corporate Secretary | ||