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

ME Staff 8-k

7 years ago

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

On June 7, 2017, International Seaways, Inc. held its Annual
Meeting of Stockholders. The Registrant had 29,207,750 shares of
its Common Stock outstanding and entitled to vote at the Annual
Meeting, of which 25,188,399 shares were represented at the
meeting by holders present in person or by proxy, constituting
86.23% of the shares outstanding and entitled to vote. At the
Annual Meeting, stockholders elected eight Directors, approved,
in an advisory vote, the compensation of the Named Executive
Officers for 2016 as described in the Compensation Discussion and
Analysis section and in the accompanying compensation tables and
narrative in the Registrant’s Proxy Statement and recommended,
on an advisory basis, one year as the preferred frequency of
future stockholder votes on the Named Executive Officer
compensation disclosed 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 no broker non-votes):

NAME OF NOMINEE FOR DIRECTOR	VOTED FOR	WITHHELD AUTHORITY TO VOTE
Doug Wheat	25,109,945	78,454
Timothy J. Bernlohr	25,108,077	80,322
Ian T. Blackley	24,880,311	308,088
Randee E. Day	25,069,980	118,419
David I. Greenberg	25,169,171	19,228
Joseph I. Kronsberg	24,879,771	308,628
Ty E. Wallach	24,879,040	309,359
Gregory A. Wright	25,070,226	118,173

The resolution to approve, in an advisory vote, the compensation
of the Named Executive Officers for 2016 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
25,116,088 shares in favor, 57,231 shares against and 15,080
shares abstained. There were no broker non-votes.

The resolution to recommend, on an advisory basis, whether the
preferred frequency of future stockholder advisory votes on the
Named Executive Officer compensation disclosed in the
Registrant’s Proxy Statement should be every one, two or three
years received the votes set forth in the table below:

One Year Frequency		Two Year Frequency		Three Year Frequency		Abstain
24,098,814		1,113		1,083,950		4,522

There were no broker non-votes. In accordance with the results of
this vote, the Board of Directors determined to continue an
annual advisory vote on Named Executive Officer compensation.

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.