GENCO SHIPPING & TRADING LIMITED (NYSE:GNK) Files An 8-K Submission of Matters to a Vote of Security Holders

GENCO SHIPPING & TRADING LIMITED (NYSE:GNK) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07

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Submission of Matters to a Vote of Security Holders.

On May 15, 2018, at the 2018 Annual Meeting of Shareholders (the “Annual Meeting”) of Genco Shipping & Trading Limited (“Genco” or the “Company”), shareholders of record as of March 19, 2018, the Record Date for the Annual Meeting, were entitled to vote 34,532,004 shares of the Company’s common stock (the “Common Stock”), each having one vote per share. A total of 32,027,317 shares of Common Stock (92.74% of all such shares entitled to vote at the Annual Meeting) were represented at the Annual Meeting in person or by proxy.

At the Annual Meeting, the shareholders of the Company (i) elected nine director nominees to hold office until the earlier of the 2019 Annual Meeting of Shareholders of the Company or until their successors are elected and qualified or until their earlier resignation or removal, (ii) approved a non-binding, advisory resolution regarding compensation of the Company’s named executive officers, and (iii) ratified the appointment of Deloitte & Touche LLP as the Company’s independent certified public accountants for the fiscal year ending December 31, 2018. Set forth below are the final voting results for each of the proposals submitted to a vote of the shareholders.

Election of Directors

The shareholders of the Company elected each of the director nominees proposed by the Board of Directors. The voting results were as follows:

Name of Nominee

Votes For

Votes Withheld

Abstentions

Broker Non-Votes

Arthur L. Regan

29,796,163

131,769

2,099,385

James G. Dolphin

29,825,994

101,938

2,099,385

Kathleen C. Haines

29,699,355

228,577

2,099,385

Daniel Y. Han

29,910,159

17,773

2,099,385

Kevin Mahony

29,795,956

131,976

2,099,385

Christoph Majeske

29,661,550

266,382

2,099,385

Basil G. Mavroleon

29,675,747

252,185

2,099,385

Jason Scheir

29,911,544

16,388

2,099,385

Bao D. Truong

29,796,315

131,617

2,099,385

Advisory Vote on Executive Compensation

The shareholders of the Companyapproved an advisory resolution on compensation of the Company’s named executive officers by a non-binding vote. The voting results were as follows:

Votes For

Votes Against

Abstentions

Broker Non-Votes

28,438,010

1,486,128

3,794

2,099,385

Ratification of Appointment of Independent Certified Public Accountants

The shareholders of the Company ratified the appointment of Deloitte & Touche LLP as the Company’s independent certified public accountants for the fiscal year ended December 31, 2018. The voting results were as follows:

Votes For

Votes Against

Abstentions

Broker Non-Votes

32,008,198

10,025

9,094

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