---
schema_version: "secwatch.filing_event.v1"
accession: "0001606909-25-000169"
form_type: "8-K"
ticker: "PANL"
cik: "0001606909"
company_name: "Pangaea Logistics Solutions Ltd."
filed_at: "2025-11-28T23:59:59+00:00"
generated_at: "2026-05-16T16:06:54.004040+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Pangaea appoints Paul M. Leand Jr. to board under cooperation agreement with Strategic Shipping Inc.

## Summary
- Appointed Paul M. Leand, Jr. as Class III director effective Nov 26, 2025; board expanded from 9 to 10.
- Appointment pursuant to cooperation agreement with Strategic Shipping Inc. containing standstill restrictions until June 30, 2026.
- Mr. Leand is Managing Director and CEO of AMA Capital Partners, with over 20 years in maritime shipping.
- He will receive standard non-employee director compensation; Board determined he is independent under Nasdaq rules.

## SEC filing metadata
- accession: 0001606909-25-000169
- form_type: 8-K
- ticker: PANL
- cik: 0001606909
- company_name: Pangaea Logistics Solutions Ltd.
- filed_at: 2025-11-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606909/000160690925000169/0001606909-25-000169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606909/000160690925000169/panl-20251126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606909-25-000169
- JSON: https://secwatch.observer/filing/0001606909-25-000169.json
- Plain text: https://secwatch.observer/filing/0001606909-25-000169.txt

## Key facts
- Material Agreements
  Pangaea Logistics Solutions Ltd. entered into Cooperation Agreement with Strategic Shipping Inc. valued at Cooperation agreement providing for standstill restrictions and appointment of Paul M. Leand, Jr. as (effective 2025-11-26).
  - Action: entry
  - Counterparty: Strategic Shipping Inc.
  - Value: Cooperation agreement providing for standstill restrictions and appointment of Paul M. Leand, Jr. as
  - Effective: 2025-11-26
  source text: Item 1.01 Entry into a Material Definitive Agreement. On November 26, 2025, Pangaea Logistics Solutions Ltd. (the “Company”) and Strategic Shipping Inc. (“SSI”) entered into a cooperation agreement (the “Agreement”) that provides for, among other terms, certain customary standstill restrictions during the period from the date of the Agreement until June 30, 2026. Pursuant to the Agreement, and upon the recommendation of the Nominating and ESG Committee of the Board of Directors of the Company (the “Board”), the Board agreed, among other things, to appoint Paul M. Leand, Jr. to serve as a Class III director on the Board, effective as of November 26, 2025, for a term expiring at the 2026 annual general meeting of shareholders of the Company (the “2026 Annual Meeting”). The Board also agreed to nominate Mr. Leand as a Class III director at the 2026 Annual Meeting. A copy of the Agreement is filed with this Current Report on Form 8-K and attached hereto as Exhibit 10.1 and incorporated by
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606909/000160690925000169/0001606909-25-000169-index.htm

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