International Seaways, Inc. (NYSE:INSW) Files An 8-K Submission of Matters to a Vote of Security Holders

International Seaways, Inc. (NYSE:INSW) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders

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On May 24, 2018, International Seaways, Inc. held its Annual Meeting of Stockholders. The Registrant had 29,123,331 shares of its Common Stock outstanding and entitled to vote at the Annual Meeting, of which 19,574,119 shares were represented at the meeting by holders present in person or by proxy, constituting 67.21% of the shares outstanding and entitled to vote. At the Annual Meeting, stockholders elected nine Directors, ratified the appointment of Ernst & Young LLP as the Registrant's independent registered public accounting firm for the year 2018, and approved, in an advisory vote, the compensation of the Named Executive Officers for 2017 as described in the Compensation Discussion and Analysis section and in the accompanying compensation tables and narrative in the Registrant's Proxy Statement. All of the nominees for Directors were duly elected to serve, subject to the Registrant's By-laws, as Directors of the Registrant until the next Annual Meeting and until election and qualification of their successors.

The tabulation of the votes cast for each nominee for Director was as follows (there were 1,864,959 broker non-votes):

NAME OF NOMINEE FOR DIRECTOR

VOTED FOR

WITHHELD

AUTHORITY TO VOTE

Doug Wheat

17,425,491

283,669

Timothy J. Bernlohr

17,410,768

298,392

Ian T. Blackley

17,447,264

261,896

Randee E. Day

17,448,018

261,142

David I. Greenberg

17,497,452

211,708

Joseph I. Kronsberg

17,447,254

261,906

Ty E. Wallach

16,654,812

1,054,348

Gregory A. Wright

17,413,930

295,230

Lois K. Zabrocky

17,528,611

180,549

The resolution to ratify the appointment of Ernst & Young LLP as the Registrant's independent registered public accounting firm for the year 2018 was ratified by a vote of 19,561,542 shares of Common Stock in favor, 7,479 shares of Common Stock against and 5,098 shares of Common Stock abstained. There were no broker non-votes of Common Stock.

The resolution to approve, in an advisory vote, the compensation of the Named Executive Officers for 2017 as described in the Compensation Discussion and Analysis section and in the accompanying compensation tables and narrative in the Registrant's Proxy Statement was approved by a vote of 17,657,419 shares of Common Stock in favor, 47,183 shares of Common Stock against and 4,558shares of Common Stock abstained. There were 1,864,959 broker non-votes.


About International Seaways, Inc. (NYSE:INSW)

International Seaways, Inc. and its subsidiaries own and operate a fleet of oceangoing vessels. The Company’s oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The Company’s segments are International Crude Tankers and International Product Carriers. Its 55-vessel fleet consists of Ultra Large Crude Carrier (ULCC), Very Large Crude Carrier (VLCC), Aframax and Panamax crude tankers, as well as long range 1 (LR1), LR2 and medium range (MR) product carriers. Its International Crude Tankers segment is made up of a ULCC and a fleet of VLCCs, Aframaxes, and Panamaxes. Its International Product Carriers segment consists of a fleet of MRs, LR1s and an LR2 engaged in the transportation of crude and refined petroleum products. Through joint venture partnerships (the JVs), it has ownership interests in approximately four liquefied natural gas carriers and approximately two floating storage and offloading service vessels.

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