---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-010521"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:25:23.808940+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Genco COO Robert Hughes resigns effective March 31; gets $250K severance + vested equity

## Summary
- Robert Hughes resigned as COO on March 6, 2023 due to internal department consolidation.
- Separation agreement includes $250,000 lump sum payment in lieu of any cash bonus.
- Unvested equity awards fully vest: 29,105 restricted stock units and 3,208 options.
- Consulting engagement through Dec 31, 2023 for $100,000; medical benefits continued.
- Employment ends March 31, 2023; no replacement COO named in filing.

## SEC filing metadata
- accession: 0001140361-23-010521
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036123010521/0001140361-23-010521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036123010521/brhc10049445_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-010521
- JSON: https://secwatch.observer/filing/0001140361-23-010521.json
- Plain text: https://secwatch.observer/filing/0001140361-23-010521.txt

## Key facts
- Executive change
  Robert Hughes resigned as Chief Operations Officer at GENCO SHIPPING & TRADING LTD.
  - Action: resigned
  - Role: Chief Operations Officer
  source text: On March 6, 2023, Robert Hughes resigned as the Chief Operations Officer of Genco Shipping & Trading Limited (the “Company”) in connection with an internal consolidation of the Company’s business departments
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036123010521/0001140361-23-010521-index.htm

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