{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-005186","form_type":"8-K","ticker":"GNK","cik":"0001326200","company_name":"GENCO SHIPPING & TRADING LTD","filed_at":"2026-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.810116+00:00","generated_at":"2026-05-16T02:44:24.163429+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Genco Shipping adopts Employee Retention Plan with double-trigger severance for key executives","bullets":["Plan approved Feb 13, 2026 by Board on Compensation Committee recommendation.","Severance triggered only by involuntary termination or resignation for good reason within 2 years after a Change in Control.","For CEO Wobensmith, CFO Allen, CCO Christensen, and CAO Adamo, severance formulas mirror existing employment/equity agreements.","Other employees receive base salary payout, prorated bonus, accelerated equity vesting (performance RSUs at target), medical benefits, outplacement.","Named executives subject to non-competition and non-solicitation covenants for 6-12 months post-termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-005186","json":"https://secwatch.observer/filing/0001140361-26-005186.json","markdown":"https://secwatch.observer/filing/0001140361-26-005186.md","text":"https://secwatch.observer/filing/0001140361-26-005186.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326200/000114036126005186/0001140361-26-005186-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326200/000114036126005186/ef20065703_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:44:24.163429+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}