EuroDry Ltd. Announces Results of Its 2026 Annual General Meeting of Shareholders

Rhea-AI Summary

EuroDry (NASDAQ: EDRY) reported the results of its Annual General Meeting of Shareholders held on July 23, 2026, in Washington, DC. Shareholders re-elected Mr. Aristides J. Pittas, Mr. Anastasios Aslidis, and Mr. Aristides P. Pittas as Class C Directors to three-year terms expiring at the 2029 AGM, and approved Deloitte Certified Public Accountants, S.A. as independent auditors for the fiscal year ending December 31, 2026.

EuroDry operates drybulk vessels in the seaborne transportation market, managed by affiliated companies Eurobulk Ltd. and Eurobulk (Far East) Ltd. It employs its fleet on spot and period charters, with current total cargo capacity of 766,420 dwt and planned fleet expansion to 15 vessels and 1,050,420 dwt by 2028.

News Market Reaction – EDRY

+2.90% 4.5x vol

2 alerts

+2.90% Session close to close

-2.5% Trough Tracked

$71.51M Market Cap

4.5x Rel. Volume

In the Jul 27 session, EDRY gained 2.90%, reflecting a moderate positive market reaction. Argus tracked a trough of -2.5% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. Trading volume was very high at 4.5x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Historical AGM scheduling event 1073842 carried a 3.54% 24-hour reaction, providing a directly compa...

Analysis

Historical AGM scheduling event 1073842 carried a 3.54% 24-hour reaction, providing a directly comparable platform reference. Recent insider data showed Net Selling; governance continuity and ownership activity remain relevant factors to watch.

Key Figures

Meeting date: July 23, 2026 Meeting time: 11:30 a.m. Director term: 3 years +5 more

8 metrics

Meeting date July 23, 2026 2026 Annual General Meeting

Meeting time 11:30 a.m. 2026 Annual General Meeting

Director term 3 years Class C directors through 2029 Annual Meeting

Auditor fiscal year December 31, 2026 Independent auditor approval

Current fleet 11 vessels Company description

Cargo capacity 766,420 dwt 12 drybulk carriers

Future fleet 15 vessels After two Ultramax deliveries in 2027 and two Kamsarmax deliveries in 2028

Future carrying capacity 1,050,420 dwt After deliveries in 2027 and 2028

Historical Context

5 past events · Latest: Jun 23 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 23	Annual meeting notice	Neutral	+3.5%	Annual meeting scheduled for July 23; proxy record date and voting details disclosed.
May 20	Q1 earnings report	Positive	+3.4%	Q1 revenue increased and company ordered two Kamsarmax bulk carriers.
May 18	Q1 release scheduling	Neutral	+1.8%	Q1 2026 results release and conference call were scheduled for May 20.
Feb 19	Q4 earnings report	Positive	+9.5%	Q4 earnings were profitable, while full-year results showed a net loss.
Feb 18	Q4 release scheduling	Neutral	+14.5%	Q4 2025 results release and conference call were scheduled for February 19-20.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent neutral scheduling notices preceded gains, while both reported earnings events also aligned with positive price reactions.

Key Terms

spot and period charters, drybulk carriers, ISO 9001:2008

3 terms

spot and period charters technical

"EuroDry employs its vessels on spot and period charters."

Spot charters are short-term hires of a vessel for a single voyage or immediate delivery, while period charters (time charters) hire a vessel for a fixed length of time during which the charterer controls its commercial use. For investors, the mix of spot and period charters affects revenue predictability and exposure to freight-rate swings: spot work ties income to current market prices and can be volatile, while period charters lock in rates and provide steadier cash flow, like renting a car for one trip versus leasing it for months.

drybulk carriers technical

"3 Panamax drybulk carriers, 5 Ultramax drybulk carriers"

Large merchant ships that transport unpackaged bulk commodities such as coal, iron ore, grain and fertilizer in cargo holds rather than in containers. Think of them as big trucks on the ocean that carry loose goods by weight; their earnings depend on shipping rates, fuel and port costs, global trade volumes, and fleet availability, so changes in demand, fuel prices or congestion can directly affect freight revenues and the value of companies tied to this sector.

ISO 9001:2008 technical

"an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship"

A specific version of the ISO 9001 family, ISO 9001:2008 is an international standard that sets out requirements for a company’s quality management system — essentially a structured playbook for consistently meeting customer and regulatory requirements. For investors, certification to this standard signals that a company has documented processes, controls and record-keeping intended to reduce product or service defects, operational surprises and compliance risks, similar to having a reliable recipe and checklist for running the business.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATHENS, Greece, July 24, 2026 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today the official results of its Annual General Meeting of Shareholders held at the offices of Seward & Kissel LLP, 1901 L Street NW, Suite 700, Washington, DC 20036, on Thursday, July 23, 2026 at 11:30 a.m. The following proposals were approved by the Company’s shareholders:

1. Mr. Aristides J. Pittas, Mr. Anastasios Aslidis, and Mr. Aristides P. Pittas were re-elected as Class C Directors to serve for a term of three years until the Company’s 2029 Annual Meeting of Shareholders ("Proposal One"); and
   
   
2. Deloitte Certified Public Accountants, S.A. was approved as the Company's independent auditors for the fiscal year ending December 31, 2026 ("Proposal Two").
   
   

About EuroDry Ltd.

EuroDry Ltd. was formed on January 8, 2018 under the laws of the Republic of the Marshall Islands to consolidate the drybulk fleet of Euroseas Ltd into a separate listed public company. EuroDry was spun-off from Euroseas Ltd on May 30, 2018; it trades on the NASDAQ Capital Market under the ticker EDRY.

EuroDry operates in the dry cargo, drybulk shipping market. EuroDry's operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company and Eurobulk (Far East) Ltd. Inc., which are responsible for the day-to-day commercial and technical management and operations of the vessels. EuroDry employs its vessels on spot and period charters.

The Company has a fleet of 11 vessels, including 3 Panamax drybulk carriers, 5 Ultramax drybulk carriers, 2 Kamsarmax drybulk carriers and 1 Supramax drybulk carrier. EuroDry’s 12 drybulk carriers have a total cargo capacity of 766,420 dwt. After the delivery of two Ultramax vessels in 2027 and the delivery of the two Kamsarmax vessels in 2028, the Company’s fleet will consist of 15 vessels with a total carrying capacity of 1,050,420 dwt.

Visit our website www.eurodry.gr
Company Contact	Investor Relations / Financial Media
Tasos Aslidis	Nicolas Bornozis
Chief Financial Officer	Markella Kara
EuroDry Ltd.	Capital Link, Inc.
11 Canterbury Lane,	230 Park Avenue, Suite 1540
Watchung, NJ 07069	New York, NY 10169
Tel. (908) 301-9091	Tel. (212) 661-7566
E-mail: aha@eurodry.gr	E-mail: eurodry@capitallink.com

FAQ

What did EuroDry (NASDAQ: EDRY) shareholders approve at the 2026 Annual General Meeting?

EuroDry shareholders re-elected three Class C Directors and approved Deloitte Certified Public Accountants, S.A. as independent auditors. According to EuroDry, the directors will serve three-year terms to the 2029 AGM, and Deloitte will audit the fiscal year ending December 31, 2026.

Who was re-elected to EuroDry’s Board at the July 23, 2026 AGM?

Shareholders re-elected Mr. Aristides J. Pittas, Mr. Anastasios Aslidis, and Mr. Aristides P. Pittas as Class C Directors. According to EuroDry, these directors will serve for three years, until the company’s 2029 Annual Meeting of Shareholders, continuing existing board leadership.

Which audit firm will handle EuroDry’s 2026 financial statements for NASDAQ: EDRY?

Deloitte Certified Public Accountants, S.A. was approved as EuroDry’s independent auditors for 2026. According to EuroDry, Deloitte will audit the company’s financial statements for the fiscal year ending December 31, 2026, following shareholder approval at the 2026 Annual General Meeting.

What is EuroDry’s current and planned drybulk fleet capacity as of the 2026 AGM?

EuroDry reports current total cargo capacity of 766,420 dwt and plans to reach 1,050,420 dwt. According to EuroDry, this will follow delivery of two Ultramax vessels in 2027 and two Kamsarmax vessels in 2028, increasing the fleet to 15 vessels overall.

How many new vessels is EuroDry (EDRY) expecting to add in 2027 and 2028?

EuroDry expects to add four new drybulk vessels between 2027 and 2028. According to EuroDry, two Ultramax vessels are scheduled for delivery in 2027 and two Kamsarmax vessels in 2028, bringing the future fleet to 15 vessels with 1,050,420 dwt capacity.

Where and when was the EuroDry 2026 Annual General Meeting held for shareholders?

EuroDry’s 2026 Annual General Meeting took place on July 23, 2026, at 11:30 a.m. According to EuroDry, the meeting was held at the offices of Seward & Kissel LLP, 1901 L Street NW, Suite 700, Washington, DC 20036, for company shareholders.