{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-011782","form_type":"8-K","ticker":"GNK","cik":"0001326200","company_name":"GENCO SHIPPING & TRADING LTD","filed_at":"2026-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.810733+00:00","generated_at":"2026-05-15T08:33:06.413436+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Genco Shipping files Employee Retention Plan with severance upon change in control","bullets":["Plan covers Tier 1, 2, 3 employees; severance triggered by qualifying termination after a Change in Control.","Tier 1: lump sum of CIC Severance Multiple times base salary plus avg bonus; vesting acceleration; COBRA; outplacement.","Tier 2: similar benefits but COBRA Payment capped; outplacement capped at $25,000.","Tier 3 benefits set in individual Participation Agreements; all must sign release to receive payments.","Plan supersedes prior severance arrangements; automatically renews daily unless Committee terminates."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-011782","json":"https://secwatch.observer/filing/0001140361-26-011782.json","markdown":"https://secwatch.observer/filing/0001140361-26-011782.md","text":"https://secwatch.observer/filing/0001140361-26-011782.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1326200/000114036126011782/0001140361-26-011782-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1326200/000114036126011782/ef20069183_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:33:06.413436+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"}