8-K
filed May 16, 2022, 7:59 PM ET
ticker GNK
CIK 0001326200
other
confidence high
sentiment neutral
materiality 0.10
Genco Shipping shareholders elect 7 directors, approve say-on-pay, ratify auditor
GENCO SHIPPING & TRADING LTD
- All 7 director nominees elected: For votes ranged from 23.2M to 27.1M; highest withhold 4.2M for Bao D. Truong.
- Advisory vote on executive compensation approved: 26.7M For, 0.6M Against, 0.1M Abstentions.
- Ratification of Deloitte & Touche as auditor for FY2022: 34.5M For, 0.1M Against, 0.1M Abstentions.
- Total shares voted: 34.66M out of 42.10M outstanding (82.33% turnout); broker non-votes on director elections and say-on-pay of 7.26M.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GENCO SHIPPING & TRADING LTD shareholders approved Advisory, non-binding resolution regarding the compensation of the Company's named executive officers at the 2022-05-16 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2022-05-16
Exact text from the filing
Advisory Vote on Executive Compensation The shareholders of the Company approved an advisory resolution on compensation of the Company’s named executive officers by a non-binding vote. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 26,672,093 587,734 148,407 7,255,259
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GENCO SHIPPING & TRADING LTD shareholders approved Election of seven director nominees at the 2022-05-16 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-05-16
Exact text from the filing
Election of Directors The shareholders of the Company elected each of the director nominees proposed by the Board of Directors. The voting results were as follows: Name of Nominee Votes For Votes Withheld Abstentions Broker Non-Votes James G. Dolphin 26,555,839 852,395 0 7,255,259 Kathleen C. Haines 27,081,021 327,213 0 7,255,259 Basil G. Mavroleon 26,559,037 849,197 0 7,255,259 Karin Y. Orsel 26,587,031 821,203 0 7,255,259 Arthur L. Regan 24,861,472 2,546,762 0 7,255,259 Bao D. Truong 23,215,849 4,192,385 0 7,255,259 John C. Wobensmith 26,904,592 503,642 0 7,255,259
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
GENCO SHIPPING & TRADING LTD shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent certified public accountants for fiscal year ending December 31, 2022 at the 2022-05-16 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-05-16
Exact text from the filing
Ratification of Appointment of Independent Certified Public Accountants The shareholders of the Company ratified the appointment of Deloitte & Touche LLP as the Company’s independent certified public accountants for the fiscal year ended December 31, 2022. The voting results were as follows: Votes For Votes Against Abstentions Broker Non-Votes 34,461,628 100,779 101,086 0
View on SEC.gov
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