{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-21-092871","form_type":"8-K","ticker":"INSW","cik":"0001679049","company_name":"International Seaways, Inc.","filed_at":"2021-07-16T23:59:59+00:00","discovered_at":"2026-05-14T18:04:19.129110+00:00","generated_at":"2026-06-30T04:50:55.523360+00:00","sec_items":["1.01","2.01","2.03","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"International Seaways completes merger with Diamond S Shipping; creates second largest US-listed tanker company","bullets":["Merger completed July 16; Diamond S shareholders receive 0.55375 INSW shares per share; pre-merger INSW holders own 55.75%, former Diamond S holders 44.25%.","Special dividend of $1.12 per share paid on July 15 to pre-merger INSW shareholders of record July 14.","Combined company has over 100 vessels, ~11.3M dwt; expects cost synergies >$23M and revenue synergies $9M by 2022.","Board expanded to 10; Diamond S designees Craig Stevenson, Alexandra Blankenship, Nadim Qureshi appointed; Ty Wallach resigned.","Stevenson to serve as special advisor to CEO for 6 months with $500k consulting fee."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-21-092871","json":"https://secwatch.observer/filing/0001104659-21-092871.json","markdown":"https://secwatch.observer/filing/0001104659-21-092871.md","text":"https://secwatch.observer/filing/0001104659-21-092871.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679049/000110465921092871/0001104659-21-092871-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679049/000110465921092871/tm2122339d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T04:50:55.523360+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0271b5bf45","claim":"Nadim Qureshi was appointed as Director at International Seaways, Inc..","evidence_excerpt":"The three vacancies created by the resignation of Mr. Wallach and the expansion of the Board were filled by the Board with Mr. Stevenson, Alexandra K. Blankenship and Nadim Qureshi, the three directors designated by Diamond S in accordance with the Merger Agreement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465921092871/0001104659-21-092871-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c137ac87df","claim":"Alexandra K. Blankenship was appointed as Director at International Seaways, Inc..","evidence_excerpt":"The three vacancies created by the resignation of Mr. Wallach and the expansion of the Board were filled by the Board with Mr. Stevenson, Alexandra K. Blankenship and Nadim Qureshi, the three directors designated by Diamond S in accordance with the Merger Agreement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465921092871/0001104659-21-092871-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ca26a2ec7b","claim":"Craig Stevenson was appointed as Director at International Seaways, Inc..","evidence_excerpt":"The three vacancies created by the resignation of Mr. Wallach and the expansion of the Board were filled by the Board with Mr. Stevenson, Alexandra K. Blankenship and Nadim Qureshi, the three directors designated by Diamond S in accordance with the Merger Agreement.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465921092871/0001104659-21-092871-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d8d9dfaa93","claim":"Ty E. Wallach resigned as Director at International Seaways, Inc..","evidence_excerpt":"Resignation of Director Effective as of the Effective Time, as contemplated by the Merger Agreement to permit three directors designated by Diamond S to serve on the Board, Mr. Ty E. Wallach resigned as a member of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465921092871/0001104659-21-092871-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}