Board expands as new directors join Safe Bulkers (NYSE: SB)

Rhea-AI Filing Summary

Safe Bulkers, Inc. filed a report describing changes to its Board of Directors. On the Corporate Governance, Nominating and Compensation Committee’s recommendation, the Board expanded its size from nine to eleven directors and appointed Jeffrey Bunzel and Vassilis Hajioannou to the new seats with immediate effect.

The Board determined that Mr. Bunzel is independent under NYSE standards and assigned him to the Corporate Governance, Nominating and Compensation Committee, the Environmental, Social and Corporate Governance Committee, and the Audit Committee. The filing also states that this report is incorporated by reference into the company’s Form F-3 registration statement.

Key Figures

Board size after expansion: 11 directors Board size before expansion: 9 directors Tenure at Deutsche Bank: 14 years

3 metrics

Board size after expansion 11 directors Board expanded from nine to eleven directors

Board size before expansion 9 directors Previous size of Safe Bulkers’ Board of Directors

Tenure at Deutsche Bank 14 years Jeffrey Bunzel as Managing Director, Head of Equity Capital Markets

Key Terms

independent, Corporate Governance, Nominating and Compensation Committee, Environmental, Social and Corporate Governance Committee, Audit Committee, +1 more

5 terms

independent financial

"The Board has determined that Mr. Bunzel is independent for the purposes of NYSE independence standards"

Corporate Governance, Nominating and Compensation Committee financial

"appointed Mr. Bunzel to serve on the Corporate Governance, Nominating and Compensation Committee"

Environmental, Social and Corporate Governance Committee financial

"appointed Mr. Bunzel to serve on the ... Environmental, Social and Corporate Governance Committee"

Audit Committee financial

"appointed Mr. Bunzel to serve on the ... Audit Committee"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

forward-looking statements financial

"This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 6-K: How Foreign Companies Report to the SEC →

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 April 2026

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 April 15, 2026: Safe Bulkers Announces Appointments to the Board of Directors.

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: April 16, 2026

	SAFE BULKERS, INC.
	By:	/s/ Konstantinos Adamopoulos
	Name:	Konstantinos Adamopoulos
	Title:	Chief Financial Officer

Safe Bulkers Announces Appointments to the Board of Directors

Monaco – April 15, 2026 — Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that on the recommendation of the Corporate Governance, Nominating and Compensation Committee, the Board of Directors of the Company (the “Board”) voted to expand the size of the Board from nine to eleven directors and to appoint Jeffrey Bunzel and Vassilis Hajioannou to fill the new positions, with immediate effect. The Board has determined that Mr. Bunzel is independent for the purposes of NYSE independence standards and has appointed Mr. Bunzel to serve on the Corporate Governance, Nominating and Compensation Committee, the Environmental, Social and Corporate Governance Committee and the Audit Committee.

Mr. Jeffrey Bunzel, brings more than thirty years experience in Investment, Banking and Capital Markets. He has been Managing Director, Head of Equity Capital Markets at Deutsche Bank AG for 14 years. Before, from 1994-2012 he had been Managing Director at Credit Suisse. Mr Bunzel holds a bachelor’s degree from the University of California, Berkeley and a Master of Arts from the Fletcher School of Law and Diplomacy. He is a member of the Council on Foreign Relations. 

Mr. Vasilis Hajioannou, with experience in the Operations and Chartering departments combines technical knowledge with operational oversight. Mr. Hajioannou holds a bachelor’s degree in marine engineering and a master’s degree in shipping and logistics from Newcastle University, UK.

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 that are inherently subject to significant uncertainties and contingencies, 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, risks associated with operations outside the United States 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

FAQ

What board changes did Safe Bulkers (SB) announce in its April 2026 report?

Safe Bulkers expanded its Board of Directors from nine to eleven members and appointed Jeffrey Bunzel and Vassilis Hajioannou to the two new seats, both effective immediately, following a recommendation by the Corporate Governance, Nominating and Compensation Committee.

Who is Jeffrey Bunzel, the new Safe Bulkers (SB) independent director?

Jeffrey Bunzel is a capital markets veteran with more than thirty years of investment banking and equity capital markets experience, including fourteen years as Managing Director, Head of Equity Capital Markets at Deutsche Bank AG and prior senior roles at Credit Suisse from 1994 to 2012.

Which board committees will Jeffrey Bunzel serve on at Safe Bulkers (SB)?

The Board determined Jeffrey Bunzel is independent under NYSE standards and appointed him to three committees: the Corporate Governance, Nominating and Compensation Committee, the Environmental, Social and Corporate Governance Committee, and the Audit Committee, broadening his governance role within the company.

What experience does new director Vassilis Hajioannou bring to Safe Bulkers (SB)?

Vassilis Hajioannou has experience in Operations and Chartering, combining technical knowledge with operational oversight. He holds a bachelor’s degree in marine engineering and a master’s degree in shipping and logistics from Newcastle University in the United Kingdom, supporting Safe Bulkers’ dry-bulk operations.

What business does Safe Bulkers (SB) operate in according to this filing?

Safe Bulkers is an international provider of marine dry-bulk transportation services, moving cargoes such as grain, coal and iron ore along worldwide shipping routes for large users. Its common and preferred shares trade on the NYSE under the symbols SB, SB.PR.C and SB.PR.D.

How is this Safe Bulkers (SB) board announcement linked to its registration statement?

The report states it is incorporated by reference into Safe Bulkers’ Form F-3 registration statement dated August 6, 2024, meaning the information about the board changes becomes part of that securities registration for regulatory and disclosure purposes.