Welcome to our dedicated page for Danaos SEC filings (Ticker: DAC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Danaos Corporation will hold its 2026 Annual Meeting of Stockholders on July 31, 2026, at 10:00 a.m. Greek local time at its manager’s offices in Piraeus, Greece. Holders of common stock at the close of business on June 9, 2026 may vote.
Stockholders are asked to elect two Class II directors, Iraklis Prokopakis and Petros Christodoulou, to terms ending in 2029 and to ratify Deloitte Certified Public Accountants S.A. as independent auditors for the year ending December 31, 2026. Voting can be done via Internet, telephone, or mailed proxy card.
The proxy statement outlines Danaos’ six-member classified board, NYSE-style governance policies as a foreign private issuer and controlled company, and detailed executive and director compensation, including 2025 executive cash pay of $2.6 million, a one-off bonus of $4.8 million and share-based compensation of $9.8 million. The accompanying Form 20-F describes a fleet of 75 containerships and 11 Capesize drybulk vessels, plus newbuilds on order.
Danaos Corporation reported solid first‑quarter 2026 results with higher profitability despite flat revenue. Operating revenues were $253.7 million, nearly unchanged from $253.3 million a year earlier, but net income rose to $140.4 million from $115.1 million as costs declined and investment income increased.
Container revenue dipped slightly due to lower charter rates and non‑cash revenue effects, while drybulk revenue jumped 40.9% to $24.1 million on a sharply higher time‑charter equivalent rate of $24,825 per day. Adjusted EBITDA increased 5.2% to $180.6 million, and cash from operations grew to $163.1 million.
Danaos continued to reshape its balance sheet, fully repaying $262.8 million of 8.5% senior notes and prepaying $213.8 million under a syndicated facility, leaving $1,046.3 million of debt and $876.2 million of cash as of March 31, 2026. The company maintains a large contracted revenue backlog of $4,056.4 million and significant newbuilding commitments of $1,850.6 million through 2030, while returning capital via $0.90 per‑share quarterly dividends and ongoing share repurchases.
Danaos Corp executive Dimitrios Vastarouchas, who serves as Vice President and Chief Operating Officer, filed an initial Form 3 as an insider of the company. This filing establishes his status as a reporting person at Danaos Corp but does not report any specific share transactions or option exercises.
Danaos Corp director Richard Lindsay Sadler has filed a Form 3, which is an initial statement of beneficial ownership for insiders. The data provided shows no reported buy, sell, acquisition, or disposition transactions, indicating this filing is purely declarative rather than reflecting recent trading activity.
Danaos Corp director reports initial share holdings
Director Prokopakis Iraklis filed an initial ownership report showing beneficial ownership of 194,693 shares of Danaos Corp common stock held directly. This Form 3 does not disclose any recent purchase or sale activity, only the existing ownership position.
Danaos Corp executive Filippos Prokopakis, the Chief Commercial Officer, filed an initial insider ownership report. The Form 3 shows he holds 4,001 shares of Danaos Corp common stock directly. This filing records his starting equity position as a company officer and does not reflect any recent share purchases or sales.
Danaos Corp director Pampoukis Charalampos has filed an initial insider ownership report on Form 3. The filing identifies him as a director of Danaos Corp but does not report any share purchases, sales, gifts, or derivative positions within this filing.
Danaos Corp director Myles R. Itkin has filed an initial statement of beneficial ownership on Form 3. The filing reports that he directly holds 4,000 shares of Danaos Corp common stock following the reported holdings, establishing his starting equity position as a company director.
Danaos Corp director and Chief Executive Officer John Coustas filed an initial ownership report showing indirect holdings of 9,538,502 shares of common stock. These shares are held by Danaos Investment Limited as trustee of the 883 Trust for the benefit of Dr. Coustas and his family.
The board of Danaos Investment Limited, whose members are not beneficiaries of the 883 Trust or part of the Coustas family, has voting and dispositive control over these shares. Dr. Coustas disclaims beneficial ownership for Section 16 purposes except to the extent of any pecuniary interest.
Danaos Corp director Christodoulou Petros has filed an initial statement of beneficial ownership on Form 3. This filing establishes his status as a reporting insider of the company. The data provided does not list any specific share holdings or recent transactions, only that he is a director and not a ten percent owner.