---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-019391"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T14:23:28.362569+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping shareholders elect 7 directors, approve say-on-pay, ratify auditor

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-22-019391
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036122019391/0001140361-22-019391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036122019391/brhc10037767_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-019391
- JSON: https://secwatch.observer/filing/0001140361-22-019391.json
- Plain text: https://secwatch.observer/filing/0001140361-22-019391.txt

## Key facts
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036122019391/0001140361-22-019391-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036122019391/0001140361-22-019391-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036122019391/0001140361-22-019391-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.