Genco Shipping Says Shareholders Re-Elect Company's Director Nominees at Annual Meeting

MT Newswires Live06-19

Genco Shipping & Trading (GNK) said Thursday, based on preliminary results, its shareholders have overwhelmingly voted to re-elect all six of company's director nominees at the 2026 annual meeting.

Based on the preliminary results provided by Genco's proxy solicitor, about 90% of shares other than those held by Diana Shipping (DSX) were voted in favor of each of the company's directors, according to a statement.

Shareholders also supported board's other recommendations, including equity incentive plan approval and shareholder rights agreement ratification, and voted against Diana's proposals, according to the company.

The company said its board is reviewing the revised non-binding proposal received from Diana on Wednesday.

Price: 24.25, Change: +0.92, Percent Change: +3.94

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