Genco Shipping amends shareholder rights plan, eliminates 'Acting in Concert' definition

GENCO SHIPPING & TRADING LTD

On June 2, 2026, Genco entered a Third Amendment to its Shareholder Rights Agreement (poison pill) removing the 'Acting in Concert' definition.
Elimination based on shareholder feedback; other concerted-activity protections (e.g., 13d-5(b)(1) group formation) remain unchanged.
Rights Agreement still aims to prevent open-market accumulation or control without paying all shareholders a control premium.
Board states amendment does not deter consideration of fair offers and does not prevent fulfilling fiduciary duties.
Amendment effective June 2, 2026; full text filed as Exhibit 4.1.

item 1.01 item 3.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GENCO SHIPPING & TRADING LTD amended Third Amendment with Computershare Inc. (effective 2026-06-02).

Action: amendment
Counterparty: Computershare Inc.
Effective: 2026-06-02

Exact text from the filing

On June 2, 2026, Genco Shipping & Trading Limited (the “ Company ”) entered into the Third Amendment to Shareholders Rights Agreement (the “ Third Amendment ”) to amend the Shareholder Rights Agreement, dated as of October 1, 2025 between the Company and Computershare Inc., as amended to date (the “ Rights Agreement ”).

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GENCO SHIPPING & TRADING LTD filing history →

Source: SEC EDGAR

accession 0001140361-26-023619

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