SFL - 2026 AGM Results Notification
Rhea-AI Summary
SFL (NYSE:SFL) held its 2026 Annual General Meeting on 11 May 2026 in Hamilton, Bermuda.
Shareholders re-elected nine directors, re-appointed Ernst & Young AS as auditors, approved Board fees up to US$800,000 for 2026, and voted against creating and authorizing new preference shares.
AI-generated analysis. Not financial advice.
Positive
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Negative
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Key Figures
Market Reality Check
Peers on Argus
SFL gained 0.76% while key shipping peers were mostly negative: GSL -1.51%, ECO -2.31%, CCEC -1.64%, NMM -3.06%, with only GNK slightly higher at +0.88%. This points to stock-specific strength rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 06 | Q1 2026 results call | Neutral | -0.4% | Announcement of preliminary Q1 2026 results release and investor call schedule. |
| Apr 29 | Bond tap financing | Neutral | -0.4% | USD 75M tap issue of 2030 sustainability-linked bonds priced at 103.5% of par. |
| Apr 07 | AGM notice filing | Neutral | +0.7% | Notice of 2026 AGM and availability of 2025 Annual Report on Form 20-F. |
| Mar 27 | AGM scheduling | Neutral | -0.5% | Scheduling of 2026 AGM and record date for shareholder voting rights. |
| Mar 18 | Annual report filing | Neutral | +0.7% | Filing of 2025 Form 20-F with complete audited financial statements. |
Recent SFL news events, largely informational (AGM notices, filings, financing), have been followed by modest sub-1% price moves in either direction, indicating muted but stable reactions to corporate updates.
Over the last several months, SFL has focused on routine corporate actions and financing. It filed its 2025 Annual Report on Form 20-F on March 18, 2026, scheduled and then noticed its 2026 AGM for May 11, 2026, and completed a USD 75 million tap of 2030 sustainability-linked bonds, lifting that issue to USD 225 million outstanding. The latest AGM results confirm board composition, auditor re-appointment, and director fees, continuing this pattern of orderly governance updates.
Market Pulse Summary
This announcement reports the formal results of the 11 May 2026 AGM, including re-election of directors, auditor re-appointment, and approval of up to US$800,000 in board fees for 2026, while shareholders rejected creating new preference share capacity. In recent months SFL also filed its 2025 Form 20-F and completed additional bond financing. Investors may watch future earnings, capital structure decisions, and board actions for clearer implications beyond these routine governance steps.
Key Terms
bye-laws regulatory
audited consolidated financial statements financial
AI-generated analysis. Not financial advice.
SFL Corporation Ltd. (the “Company”) advises that the 2026 Annual General Meeting of the Shareholders of the Company was held on 11 May 2026 at 12:00 hrs at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton, HM08, Bermuda (“Meeting”). The audited consolidated financial statements for the Company for the year ended 31 December 2025 were presented to the Meeting
At the Meeting, the following resolutions were passed:
- To set the maximum number of Directors to be not more than eight.
- To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorized to fill such vacancies as and when it deems fit.
- To re-elect Gary Vogel as a Director of the Company.
- To re-elect Keesjan Cordia as a Director of the Company.
- To re-elect James O’Shaughnessy as a Director of the Company.
- To re-elect Ole Hjertaker as a Director of the Company.
- To re-elect Kathrine Fredriksen as a Director of the Company.
- To re-elect Will Homan-Russell as a Director of the Company.
- To re-elect Jan Erik Klepsland as a Director of the Company.
- To re-appoint Ernst & Young AS as auditors and to authorize the Directors to determine their remuneration.
- To approve the remuneration of the Company’s Board of Directors of a total amount of fees not to exceed US
$800,000 for the year ended December 31, 2026.
Furthermore, at the Meeting, a majority of shareholders voted against the proposal to redesignate a portion of the Company’s authorized but unissued common shares as preference shares and to authorize the Board to issue of such preference shares from time to time, as well as to amend the Bye-laws to grant the Board authority to determine the terms of those shares.
11 May 2026
The Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda
About SFL
SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: www.sflcorp.com.
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions in the seaborne transportation industry, which is cyclical and volatile, including fluctuations in charter hire rates and vessel values, changes in demand in the markets in which the Company operates, including shifts in consumer demand from oil towards other energy sources or changes to trade patterns for refined oil products, changes in market demand in countries which import commodities and finished goods and changes in the amount and location of the production of those commodities and finished goods, technological innovation in the sectors in which we operate and quality and efficiency requirements from customers, increased inspection procedures and more restrictive import and export controls, changes in the Company’s operating expenses, including bunker prices, dry-docking and insurance costs, performance of the Company’s charterers and other counterparties with whom the Company deals, the impact of any restructuring of the counterparties with whom the Company deals, and timely delivery of vessels under construction within the contracted price, governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers, potential liability from pending or future litigation, potential disruption of shipping routes due to accidents, political instability, terrorist attacks, piracy or international hostilities, the length and severity of the ongoing coronavirus outbreak and governmental responses thereto and the impact on the demand for commercial seaborne transportation and the condition of the financial markets, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission. SFL disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
