---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-025882"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:03:10.761845+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping appoints Peter Allen as CFO effective June 16, 2023

## Summary
- Peter Allen appointed CFO of Genco, effective June 16, 2023, succeeding Apostolos Zafolias.
- Allen, 36, has been with Genco since 2008, most recently as SVP Strategy & Finance since October 2018.
- Base salary of $335,000/year; eligible for annual bonus target of 80% of base; equity award of $125,000.
- Allen holds a CFA designation and has 15 years of shipping industry experience focusing on capital allocation, M&A, and drybulk market analysis.

## SEC filing metadata
- accession: 0001140361-23-025882
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036123025882/0001140361-23-025882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036123025882/brhc20053245_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-025882
- JSON: https://secwatch.observer/filing/0001140361-23-025882.json
- Plain text: https://secwatch.observer/filing/0001140361-23-025882.txt

## Key facts
- Executive change
  Peter Allen was appointed as Chief Financial Officer at GENCO SHIPPING & TRADING LTD.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On May 18, 2023, Peter Allen was appointed as the Chief Financial Officer of Genco Shipping & Trading Limited (the “Company”), effective June 16, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036123025882/0001140361-23-025882-index.htm

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