---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-23-000112"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:20:25.027558+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Pangaea Logistics holds 2023 annual meeting; all proposals approved

## Summary
- Re-elected Class III directors Richard T. du Moulin (29.5M for) and Karen H. Beachy (30.9M for).
- Ratified Grant Thornton LLP as independent auditor for FY 2023 (37.3M for, 97k against).
- Advisory say-on-pay approved with 28.9M votes for, 2.0M against.
- Shareholders recommended future say-on-pay votes every 1 year (28.5M for one-year).

## SEC filing metadata
- accession: 0001606909-23-000112
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000112/0001606909-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000112/panl-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-23-000112
- JSON: https://secwatch.observer/filing/0001606909-23-000112.json
- Plain text: https://secwatch.observer/filing/0001606909-23-000112.txt

## Key facts
- Shareholder Votes
  Pangaea Logistics Solutions Ltd. shareholders approved To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the Company's fiscal year 2023 at the 2023-08-07 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-08-07
  source text: 2. To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the Company's fiscal year 2023: Votes For Votes Against Abstain Broker Non-Vote 37,300,865 97,378 43,392 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000112/0001606909-23-000112-index.htm
- Shareholder Votes
  Pangaea Logistics Solutions Ltd. shareholders approved Election of Class III directors at the 2023-08-07 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-08-07
  source text: Class III Nominees Votes For Votes Against Abstain Broker Non-Vote Richard T. du Moulin 29,528,864 1,449,961 30,339 6,432,471 Karen H. Beachy 30,894,969 84,163 30,032 6,432,471
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000112/0001606909-23-000112-index.htm
- Shareholder Votes
  Pangaea Logistics Solutions Ltd. shareholders voted on To recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers at the 2023-08-07 meeting.
  - Proposal: say on pay frequency
  - Meeting: 2023-08-07
  source text: 4. To recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers: One Year Two Year Three Year Abstain Broker Non-Vote 28,483,221 428,197 1,968,243 129,503 6,432,471
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000112/0001606909-23-000112-index.htm
- Shareholder Votes
  Pangaea Logistics Solutions Ltd. shareholders approved To approve, on an advisory, non-binding basis, the compensation of named executive officers at the 2023-08-07 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-08-07
  source text: 3. To approve, on an advisory, non-binding basis, the compensation of named executive officers: Votes For Votes Against Abstain Broker Non-Vote 28,902,222 1,987,684 119,258 6,432,471
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690923000112/0001606909-23-000112-index.htm

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