Safe Bulkers unveils 10,000,000-share stock buyback authorization
Safe Bulkers, Inc. announced a new share repurchase program authorizing purchases of up to 10,000,000 shares of its common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Safe Bulkers, Inc. announced a new share repurchase program authorizing purchases of up to 10,000,000 shares of its common stock. If fully executed, this would equal approximately 9.8% of the company’s common shares outstanding and 20.0% of its public float, signaling a sizeable potential reduction in freely traded shares.
The company plans to fund any repurchases from existing cash resources and conduct transactions in the open market in line with the safe harbor provisions of Rule 10b-18 under the Securities Exchange Act of 1934. The board’s action supersedes any prior repurchase program and gives the company discretion to buy shares over time, while retaining the right to modify or terminate the program without prior notice. The Form 6-K also incorporates this information by reference into the company’s existing Form F-3 registration statement.
Positive
- Authorization of a large share repurchase program allowing buybacks of up to 10,000,000 common shares, representing about 9.8% of shares outstanding and 20.0% of the public float.
- Repurchases funded from existing cash resources, indicating the company has internal liquidity available for capital returns while maintaining flexibility over timing and volume.
Negative
- None.
Insights
Safe Bulkers authorizes a sizable, flexible share repurchase program.
Safe Bulkers has authorized a program to repurchase up to 10,000,000 common shares, equal to about 9.8% of shares outstanding and 20.0% of the public float. For an international dry-bulk shipper, this is a meaningful capital allocation decision that can reduce share count if executed, concentrating ownership among remaining shareholders.
The company states that purchases will be funded from existing cash resources and executed in the open market under Rule 10b-18, which sets conditions on timing, volume, and price. The program is discretionary, does not obligate the company to buy shares, and may be modified or terminated at any time, so actual repurchase activity will depend on future cash generation, market conditions, and strategic opportunities such as vessel acquisitions.
The authorization supersedes any prior repurchase program, simplifying the capital return framework. Investors can track future disclosures to see how many shares are actually bought back under this authorization and how that interacts with the company’s fleet investment and growth plans.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Safe Bulkers, Inc. (SB) announce in this Form 6-K?
Safe Bulkers, Inc. announced that it has authorized a new share repurchase program under which it may buy back up to 10,000,000 shares of its common stock in the future.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2025
SAFE BULKERS, INC.
(Translation of registrant’s name into English)
Apt. D11, Les Acanthes 6, Avenue des Citronniers, MC98000 Monaco
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ý Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether the registrant by furnishing the information contained in the Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ý
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
INCORPORATION BY REFERENCE
This Report on Form 6-K shall be incorporated by reference into our registration statement on Form F-3, as filed with the Securities and Exchange Commission on August 6, 2024 and as may be further amended, to the extent not superseded by documents or reports subsequently filed by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.
EXHIBIT INDEX
1. Press Release dated December 1, 2025: Safe Bulkers, Inc. Announces a Ten Million Shares of Common Stock Repurchase Program.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 1, 2025
|
|
|
| SAFE BULKERS, INC. | |
| ||
| By: | /s/ Konstantinos Adamopoulos |
| Name: | Konstantinos Adamopoulos |
| Title: | Chief Financial Officer |
![[f120125sb6k001.jpg]](https://www.sec.gov/Archives/edgar/data/0001434754/000131786125000064/f120125sb6k001.jpg)
Safe Bulkers, Inc. Announces a Ten Million Shares
of Common Stock Repurchase Program
Monaco – December 1, 2025 — Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 10,000,000 shares of the Company’s common stock. If the maximum number of shares of the Company’s common stock are purchased pursuant to the aforementioned program, it would represent approximately 9.8% of the shares of the Company’s common stock outstanding and 20.0% of its public float.
The program does not obligate the Company to purchase shares of the Company’s common stock and the program may be modified or terminated at any time without prior notice. Any such purchases will be made in the open market in compliance with applicable laws and regulations, and that purchases on the open market will be conducted within the safe harbor provisions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The purchases will be funded using the Company’s existing cash resources. The program supersedes any prior repurchase program of the Company.
About Safe Bulkers, Inc.
The Company is an international provider of marine dry-bulk transportation services, transporting bulk cargoes, particularly grain, coal and iron ore, along worldwide shipping routes for some of the world’s largest users of marine dry-bulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, business disruptions due to natural disasters or other events, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, changes in TCE rates, changes in fuel prices, risks associated with operations outside the United States, general domestic and international political conditions, uncertainty in the banking sector and other related market volatility, disruption of shipping routes due to political events, risks associated with vessel construction and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
Fax: +30 2 111 878 500
E-Mail: directors@safebulkers.com
Investor Relations / Media Contact:
Nicolas Bornozis, President Capital Link, Inc.
230 Park Avenue, Suite 1536 New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com