{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-036920","form_type":"8-K","ticker":"GNK","cik":"0001326200","company_name":"GENCO SHIPPING & TRADING LTD","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.110364+00:00","generated_at":"2026-05-17T05:03:12.069418+00:00","sec_items":["1.01","3.03","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Genco Shipping adopts one-year shareholder rights plan expiring Sep 30, 2026","bullets":["Rights plan triggers at 15% beneficial ownership; exercise price $107 per right.","Flip-in provision: holders (excluding acquiring person) can buy shares worth 2x exercise price.","Board may redeem rights for $0.001 each prior to trigger; no shareholder vote required for adoption.","Rights dividend payable Oct 13, 2025 to shareholders of record; one right per common share.","Plan similar to other public companies; intended to prevent coercive takeover tactics."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-036920","json":"https://secwatch.observer/filing/0001140361-25-036920.json","markdown":"https://secwatch.observer/filing/0001140361-25-036920.md","text":"https://secwatch.observer/filing/0001140361-25-036920.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326200/000114036125036920/0001140361-25-036920-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326200/000114036125036920/ef20056486_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:03:12.069418+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1fa9c44e2561f442458143cef8ffac0618e88b0d","claim":"GENCO SHIPPING & TRADING LTD: Filed Statement of Designations designating 60,000 Series B Preferred Shares, effective October 1, 2025 (effective 2025-10-01).","evidence_excerpt":"In connection with the adoption of the Rights Agreement, the Board approved a Statement of Designations of Series B Preferred Stock designating 60,000 Preferred Shares. The Company filed the Statement of Designations for the Preferred Shares on October 1 , 2025 with the Registrar of Corporations of the Republic of the Marshall Islands and the Statement of Designations became effective on such date.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1326200/000114036125036920/0001140361-25-036920-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-10-01"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}