GNK - Genco Shipping & Trading Shareholders Overwhelmingly Re-Elect All Genco Director Nominees at the 2024 Annual Meeting | Benzinga
NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company") the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that Genco shareholders have overwhelmingly voted at the Company's Annual Meeting to re-elect to the Company's Board of Directors all seven of Genco's highly qualified director nominees – James G. Dolphin, Paramita Das, Kathleen C. Haines, Basil G. Mavroleon, Karin Y. Orsel, Arthur L. Regan and John C. Wobensmith.
At the Annual Meeting, approximately 61.4% of the total shares outstanding as of the March 28, 2024 record date were represented at the meeting. The election of each Genco director, the non-binding advisory "say-on-pay" resolution regarding compensation of the Company's named executive officers, and the ratification of the appointment of Deloitte & Touche LLP as the Company's auditor for the year ending December 31, 2024 each received more than 85% of the votes cast in favor.
Genco issued the following statement:
We believe that the decisive results of this meeting reflect our shareholders' confidence in Genco's Board of Directors and management team and our Comprehensive Value Strategy.
Looking ahead, we intend to continue ...