Welcome to our dedicated page for Pangaea Logistics Solution SEC filings (Ticker: PANL), 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.
Pangaea Logistics Solutions Ltd. filings document a Nasdaq-listed maritime logistics company incorporated in Bermuda and focused on seaborne drybulk transportation, terminal operations and stevedoring services. Form 8-K reports furnish quarterly operating results and investor presentations, record dividend declarations on common shares and disclose material corporate events.
Proxy materials cover director elections, board structure, executive compensation, equity awards and related governance matters. Other recent event filings address board appointments, executive succession, changes in the independent registered public accounting firm and exhibits tied to financial results, dividends and governance actions.
Pangaea Logistics Solutions Ltd. director Laura Anthony reported acquiring 14,151 common shares as a grant or award. The shares were issued at a price of $8.48 per share under the company’s 2024 Share Incentive Plan. Following this equity award, her direct holdings total 37,228 common shares.
Pangaea Logistics Solutions Ltd. reported that an entity associated with director and ten percent owner Carl Claus Boggild, Lagoa Investments, acquired 14,151 common shares through a grant or award. The shares, priced at $8.48 each, were issued as unrestricted stock under the company’s 2024 Share Incentive Plan.
Sgro David reported acquisition or exercise transactions in this Form 4 filing.
Pangaea Logistics Solutions Ltd. director David Sgro reported an equity award of 14,151 common shares at $8.48 per share. The shares were issued under the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan, as amended and restated by the board on May 7, 2024.
After this grant, Sgro directly holds 361,811 common shares, reflecting his updated ownership position in the company.
DU MOULIN RICHARD T reported acquisition or exercise transactions in this Form 4 filing.
Pangaea Logistics Solutions Ltd. director Richard T. du Moulin received an equity grant of common shares. On this Form 4, he was awarded 14,151 common shares at a reference price of $8.48 per share as a grant, not an open-market purchase.
The shares were issued under the company’s 2024 Share Incentive Plan, reflecting stock-based compensation for his board service. Following this award, his directly held position increased to 280,269 common shares, aligning his interests more closely with other shareholders through additional equity ownership.
Pangaea Logistics Solutions Ltd. reported that Leand Paul M. Jr. filed an initial Form 3 as a director, disclosing his beneficial ownership position in the company. The filing lists his status but does not report any recent share purchases, sales, or other transactions.
Pangaea Logistics Solutions Ltd. declared a quarterly cash dividend of $0.05 per common share. The dividend will be paid on March 13, 2026 to shareholders who are on record as of February 27, 2026.
This cash return reflects the Board’s decision to distribute capital to equity holders while the company continues operating as a global provider of seaborne dry bulk logistics, transportation, terminal and stevedoring services for a wide range of industrial cargoes.
Pangaea Logistics Solutions Ltd. filed an exit Form 4 for former officer and director Mark L. Filanowski. The filing states he is no longer an executive officer or director of the company and no longer beneficially owns 10% or more of any class of its securities.
Following the reported status change on 01/05/2026, Filanowski is shown as directly holding 500,679 common shares. He also has indirect beneficial ownership of additional common shares held in the names of Steven Filanowski (32,250 shares), Helen Filanowski (32,757 shares), and his wife Monica McNally (2,000 shares).
Pangaea Logistics Solutions Ltd. reports a planned change to its Board of Directors. On December 18, 2025, Christina Tan resigned from the Board, effective immediately before the appointment of a new director. The company states that her resignation was not due to any disagreement with its operations, policies, or practices.
Pursuant to an Investor and Registration Rights Agreement with Strategic Shipping Inc., the vacant seat will be filled by Eugene I. Davis, who has been designated as an Investor Designee. Effective upon Ms. Tan’s resignation, the Board appointed Mr. Davis as a Class II independent director under Nasdaq rules. He brings 40 years of experience advising companies on shareholder value and strategy, serves as Chairman and CEO of PIRINATE Consulting Group LLC, chairs the board and Audit Committee of WW International Inc., and sits on the board and Audit Committee of Spirit Aviation Holdings Inc. Mr. Davis will receive compensation consistent with the company’s standard non-employee director program, and he has no related-party transactions requiring disclosure. The company issued a press release, attached as an exhibit, announcing these changes.
Pangaea Logistics Solutions (PANL) reported third‑quarter 2025 results. Total revenue rose to $168.7 million from $153.1 million, and net income attributable to Pangaea increased to $12.2 million from $5.1 million. Diluted EPS was $0.19 versus $0.11. Adjusted EBITDA was $28.9 million compared with $24.0 million. Time Charter Equivalent rates were $15,559, down from $16,324, reflecting softer market rates even as shipping days expanded on a larger fleet.
Cash, cash equivalents and restricted cash were $94.3 million at quarter‑end. Year‑to‑date, operating cash flow was $38.6 million, the company paid $13.1 million in dividends, and repurchased 403,400 shares for approximately $2.0 million. Subsequent to quarter‑end, the board declared a $0.05 per‑share dividend and the company agreed to sell the M/V Bulk Freedom for $9.6 million, with an estimated gain of about $2.8 million. Common shares outstanding were 64,973,688 as of November 4, 2025.
Pangaea Logistics Solutions Ltd. furnished a Form 8‑K to announce it issued a press release with financial results for the three months ended September 30, 2025. The company attached its results press release as Exhibit 99.1 and a Q3 2025 Investor Presentation as Exhibit 99.2. The company states the information is being furnished and is not deemed “filed” for purposes of Section 18 of the Exchange Act.