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 2023
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 LIST
| Exhibit | ||||
| 99.1 | Press release dated June 27, 2023. | |||
| 99.2 | Report on Voting Results for the Registrant’s Annual Meeting of Shareholders held June 27, 2023. |
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 27, 2023 | /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 27, 2023 (GLOBE NEWSWIRE) -- Brookfield Renewable Corporation (the “Corporation”) (TSX, NYSE: BEPC) today announced that all ten nominees proposed for election to the board of directors of the Corporation 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 Corporation’s annual meeting of shareholders held on June 27, 2023 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 516,683,727 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 | 599,841,064 | 93.52 | % | 41,548,012 | 6.48 | % | ||
| Scott Cutler | 639,548,960 | 99.71 | % | 1,840,116 | 0.29 | % | ||
| Sarah Deasley | 640,074,188 | 99.79 | % | 1,314,888 | 0.21 | % | ||
| Nancy Dorn | 638,825,683 | 99.60 | % | 2,563,393 | 0.40 | % | ||
| Eleazar de Carvalho Filho | 628,432,729 | 97.98 | % | 12,956,347 | 2.02 | % | ||
| Randy MacEwen | 639,716,886 | 99.74 | % | 1,672,190 | 0.26 | % | ||
| David Mann | 638,267,315 | 99.51 | % | 3,121,761 | 0.49 | % | ||
| Lou Maroun | 638,654,895 | 99.57 | % | 2,734,182 | 0.43 | % | ||
| Stephen Westwell | 639,986,301 | 99.78 | % | 1,402,775 | 0.22 | % | ||
| Patricia Zuccotti | 639,175,116 | 99.65 | % | 2,213,960 | 0.35 | % |
A summary of all votes cast by holders of the Exchangeable Shares and Class B Shares represented at the Corporation’s annual meeting of shareholders is available on SEDAR at www.sedar.com.
Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 31,600 megawatts of installed capacity and a development pipeline including approximately 131,900 megawatts of renewable power assets, 12 million metric tonnes per annum (“MMTPA”) of carbon capture and storage, 2 million tons of recycled material annually, and 4 million metric million British thermal units of renewable natural gas production annually. 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.
Brookfield Renewable is the flagship listed renewable power company of Brookfield Corporation, a leading global alternative asset manager with over $825 billion of assets under management.
| Contact information: | |
| Media: | Investors: |
| Simon Maine | Alex Jackson |
| +44 7398 909 278 | + (416) 649-8172 |
| simon.maine@brookfield.com | alexander.jackson@brookfield.com |
EXHIBIT 99.2
Brookfield RENEWABLE CORPORATION
REPORT OF VOTING RESULTS
Annual Meeting of Shareholders
June 27, 2023
| National Instrument 51-102 – Section 11.3 (Canada) |
The annual meeting of shareholders of Brookfield Renewable Corporation (the “Corporation”) was held on Tuesday, June 27, 2023 at 9:00 a.m. in a virtual meeting format (the “Meeting”). At the Meeting, shareholders holding 134,131,037 class A exchangeable subordinate voting shares (“Exchangeable Shares”), representing 77.88% of the Corporation’s 172,227,909 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 in the aggregate, and the Class B Shares were entitled to a total of 516,683,727 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 | 599,841,064 | 93.52% | 41,548,012 | 6.48% |
| Scott Cutler | 639,548,960 | 99.71% | 1,840,116 | 0.29% |
| Sarah Deasley | 640,074,188 | 99.79% | 1,314,888 | 0.21% |
| Nancy Dorn | 638,825,683 | 99.60% | 2,563,393 | 0.40% |
| Eleazar de Carvalho Filho | 628,432,729 | 97.98% | 12,956,347 | 2.02% |
|
Randy MacEwen |
639,716,886 | 99.74% | 1,672,190 | 0.26% |
| -2- |
| David Mann | 638,267,315 | 99.51% | 3,121,761 | 0.49% |
| Lou Maroun | 638,654,895 | 99.57% | 2,734,182 | 0.43% |
| Stephen Westwell | 639,986,301 | 99.78% | 1,402,775 | 0.22% |
| Patricia Zuccotti | 639,175,116 | 99.65% | 2,213,960 | 0.35% |
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 | % |
| 650,657,422 | 99.98% | 157,339 | 0.02% |
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 27, 2023
| BROOKFIELD RENEWABLE CORPORATION | ||||
| By: | /s/ Jennifer Mazin | |||
|
Name: Jennifer Mazin Title: General Counsel and Corporate Secretary | ||||