GENER8 MARITIME,INC. (OTCBB:GMRRQ) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07 Submission of Matters to a Vote of Security
Holders.
On May16, 2017, Gener8 Maritime,Inc., a Marshall Islands
corporation (Gener8 or the Company), held its 2017 Annual Meeting
of Shareholders (the Annual Meeting). At the Annual Meeting,
shareholders of record as of March20, 2017, the Record Date for
the Annual Meeting, were entitled to vote 82,960,194 shares of
the Companys common stock (the Common Stock), each having one
vote per share. A total of 67,919,255 shares of Common Stock
(81.9% 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
two ClassII director nominees to hold office for a three-year
term until the 2020 Annual Meeting of Shareholders of the Company
and until their successors are elected and qualified or until
their earlier resignation or removal and (ii)ratified the
appointment of Deloitte Touche LLP as the Companys independent
auditors for the fiscal year ending December31, 2017. 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. The voting results were as
follows:
|
Nameof Nominee |
|
VotesFor |
|
VotesWithheld |
|
BrokerNon-Votes |
|
Roger Schmitz |
58,675,511 |
4,177,540 |
5,066,204 |
|||
|
Steven D. Smith |
55,930,616 |
6,922,435 |
5,066,204 |
Ratification of Appointment of Independent
Auditors
The shareholders of the Company ratified the appointment of
Deloitte Touche LLP as the Companys independent auditors for the
fiscal year ended December31, 2017. The voting results were as
follows:
|
VotesFor |
|
VotesAgainst |
|
Abstentions |
|
BrokerNon-Votes |
|
|
67,900,109 |
15,773 |
3,373 |
|
About GENER8 MARITIME, INC. (OTCBB:GMRRQ)
Gener8 Maritime, Inc. is a provider of international seaborne crude oil transportation services. The Company operates through the transportation of international seaborne crude oil and petroleum products with its fleet of vessels segment. As of March 10, 2017, the Company owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers (VLCCs), 10 Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons (DWT) and one eco VLCC newbuilding. As of March 10, 2017, approximately 77% of its total fleet carrying capacity based on DWT, including newbuildings, was focused on VLCC vessels. As of March 10, 2017, all of its VLCC vessels were deployed in Navig8 Group’s VL8 Pool, all of its Suezmax vessels were deployed in Navig8 Group’s Suez8 Pool and all of its Aframax vessels were deployed in the Navig8 Group’s V8 Pool. GENER8 MARITIME, INC. (OTCBB:GMRRQ) Recent Trading Information
GENER8 MARITIME, INC. (OTCBB:GMRRQ) closed its last trading session at 0.0042 with shares trading hands.