---
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"
generated_at: "2026-05-17T05:03:12.069418+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Genco Shipping adopts one-year shareholder rights plan expiring Sep 30, 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-036920
- JSON: https://secwatch.observer/filing/0001140361-25-036920.json
- Plain text: https://secwatch.observer/filing/0001140361-25-036920.txt

## Key facts
- Governance Changes
  GENCO SHIPPING & TRADING LTD: Filed Statement of Designations designating 60,000 Series B Preferred Shares, effective October 1, 2025 (effective 2025-10-01).
  - Change: charter amendment
  - Effective: 2025-10-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036125036920/0001140361-25-036920-index.htm

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