Genco CFO Apostolos Zafolias to depart June 15, 2023; to serve as consultant through Dec 31

GENCO SHIPPING & TRADING LTD

CFO and EVP Finance Apostolos Zafolias intends to leave for an opportunity outside the maritime industry.
Will remain in current roles until June 15, 2023, then as consultant through December 31, 2023.
Separation terms include vesting of 16,588 RSUs and 3,849 options due in Feb 2024, and option extension to Mar 31, 2024.
Consulting arrangement provides $150,000 in total payments for transition assistance.

item 5.02

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Departed

Apostolos Zafolias

Chief Financial Officer and Executive Vice President, Finance

GNK · GENCO SHIPPING & TRADING LTD

Effective: 2023-06-15
Filed: April 19, 2023, 7:59 PM ET

On April 13, 2023, Apostolos Zafolias, the Corporation’s Chief Financial Officer and Executive Vice President, Finance informed the Corporation that he intends to depart from his roles at the Corporation in the near future to pursue an opportunity outside the maritime industry.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Apostolos Zafolias departed as Chief Financial Officer and Executive Vice President, Finance at GENCO SHIPPING & TRADING LTD.

Action: depart
Role: Chief Financial Officer and Executive Vice President, Finance

Exact text from the filing

On April 13, 2023, Apostolos Zafolias, the Corporation’s Chief Financial Officer and Executive Vice President, Finance informed the Corporation that he intends to depart from his roles at the Corporation in the near future to pursue an opportunity outside the maritime industry.

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Source: SEC EDGAR

accession 0001140361-23-019181

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