Pangaea Logistics appoints Eugene I. Davis to board; Christina Tan resigns

Pangaea Logistics Solutions Ltd.

Christina Tan resigned from the Board effective December 18, 2025, immediately before Davis's appointment.
Eugene I. Davis appointed as Class II director; Board determined he is independent under Nasdaq rules.
Davis has 40 years of experience; serves as Chairman/CEO of PIRINATE Consulting and chairs Audit Committee at WW International.
Appointment made pursuant to Investor Rights Agreement with Strategic Shipping Inc., which nominated Davis as Investor Designee.
Tan's resignation was not due to any disagreement with the Company on operations, policies, or practices.

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