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Genco Shipping & Trading has filed an investor presentation emphasizing its successful value strategy and urging shareholders to vote for the re-election of its nominees. The company highlights its strong board, progress in value creation, and industry-leading governance standards. The board recommends voting against George Economou's nominee and proposal, asserting they are not in the best interest of all shareholders.
Genco Shipping & Trading , symbol GNK, mailed a letter to shareholders outlining George Economou's track record and urging shareholders to vote for the re-election of the Company's nominees. The Board recommends voting against Economou's nominee, Robert Pons, due to concerns about related party transactions and poor governance. Genco emphasizes its Comprehensive Value Strategy, which has allowed the Company to outperform its peers and the market. Shareholders are encouraged to vote 'WITHHOLD' on Pons on the proxy card.
Genco Shipping & Trading (GNK) will host a webcast on May 8, 2024, for shareholders to ask questions about the business and upcoming Annual Meeting. Shareholders can submit questions by May 6, 2024, and are encouraged to vote for the reelection of the current Board members.
