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SFL Corporation (NYSE: SFL) shareholders back board, reject new preference-share plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SFL Corporation Ltd. reported the results of its 2026 Annual General Meeting of shareholders held on 11 May 2026 in Hamilton, Bermuda. The audited consolidated financial statements for the year ended 31 December 2025 were presented.

Shareholders approved a maximum of eight directors, designated any vacancies as casual vacancies to be filled by the Board, and re-elected all eight incumbent directors. They also re-appointed Ernst & Young AS as auditors and approved total Board remuneration fees not to exceed US$800,000 for the year ending 31 December 2026.

A shareholder proposal to redesignate a portion of authorized but unissued common shares as preference shares, authorize the Board to issue such preference shares, and amend the Bye-laws to set their terms received a majority of votes against and was not approved.

Positive

  • None.

Negative

  • None.

Insights

SFL’s 2026 AGM delivered routine approvals, while shareholders rejected added preference-share authority.

The meeting confirmed continuity in governance: all eight directors were re-elected, Ernst & Young AS was re-appointed as auditor, and Board fees were capped at US$800,000 for 2026. These outcomes support an unchanged leadership and oversight structure.

The notable decision was a majority vote against redesignating authorized but unissued common shares as preference shares and against granting the Board authority to set their terms. This limits new preference-share structures under the current framework. Future filings may clarify how SFL pursues funding or capital-structure adjustments within existing authorities.

Board fees cap US$800,000 Total Board remuneration for year ending 31 December 2026
Maximum number of directors 8 directors Approved limit on Board size at 2026 AGM
AGM date 11 May 2026 Date of 2026 Annual General Meeting in Hamilton, Bermuda
Financial year presented Year ended 31 December 2025 Audited consolidated financial statements presented to shareholders
Annual General Meeting financial
"SFL Corporation Ltd. advises that the 2026 Annual General Meeting of the Shareholders"
authorized but unissued common shares financial
"to redesignate a portion of the Company’s authorized but unissued common shares as preference shares"
preference shares financial
"redesignate a portion of the Company’s authorized but unissued common shares as preference shares"
Preference shares are a type of company stock that pays owners a fixed or regularly prioritized payout, similar to receiving steady interest from a savings account, while still representing ownership. They usually get paid dividends before regular (common) shareholders and have priority if the company distributes assets, but often carry limited voting rights and less upside if the company’s value soars. Investors care because preference shares trade off growth potential for steadier income and greater safety in payouts.
Bye-laws regulatory
"to amend the Bye-laws to grant the Board authority to determine the terms of those shares"
Bye-laws are a company's internal rulebook that sets how the business runs day-to-day and how decisions are made, covering things like how meetings are held, how directors are appointed, and how shares can be transferred. For investors, bye-laws matter because they determine voting rights, who controls key decisions, and how easy it is to change ownership or corporate policy—think of them as the operating instructions that shape shareholder power and corporate behavior.
forward looking statements regulatory
"This press release may contain forward looking statements"
Statements about a company’s expected future performance, plans, goals, or projections that are not historical facts and involve assumptions and estimates. Investors care because these are predictions that guide decisions but can be wrong; like a weather forecast, they help set expectations and risk — if circumstances change, actual results may differ significantly, so investors should weigh them alongside hard data and risk factors.

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 May, 2026
Commission File Number: 001-32199
 
SFL Corporation Ltd.
--------------------------------------------------------------------------------
(Translation of registrant's name into English)
 
Par-la-Ville Place
14 Par-la-Ville Road
Hamilton, HM 08, Bermuda
--------------------------------------------------------------------------------
(Address of principal executive offices)
 
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 [ X ]     Form 40-F [   ]






INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 1 is a copy of the press release of SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”), dated May 11, 2026, advising 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.







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.
 
 
 SFL CORPORATION LTD. 
    
Date:May 12, 2026By:/s/ Ole B. Hjertaker 
 Name: Ole B. Hjertaker 
 Title: SFL Management AS 
  (Principal Executive Officer)





EXHIBIT 1

SFL - 2026 AGM Results Notification

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:

1.To set the maximum number of Directors to be not more than eight.

2.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.

3.To re-elect Gary Vogel as a Director of the Company.

4.To re-elect Keesjan Cordia as a Director of the Company.

5.To re-elect James O’Shaughnessy as a Director of the Company.

6.To re-elect Ole Hjertaker as a Director of the Company.

7.To re-elect Kathrine Fredriksen as a Director of the Company.

8.To re-elect Will Homan-Russell as a Director of the Company.

9.To re-elect Jan Erik Klepsland as a Director of the Company.

10.To re-appoint Ernst & Young AS as auditors and to authorize the Directors to determine their remuneration.

11.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.



FAQ

What did SFL (SFL) shareholders approve at the 2026 AGM?

SFL shareholders approved a maximum of eight directors, re-elected all incumbent board members, re-appointed Ernst & Young AS as auditors, and set total Board fees not to exceed US$800,000 for 2026. The audited 2025 financial statements were also formally presented at the meeting.

How many directors will SFL (SFL) have after the 2026 AGM?

Shareholders approved setting SFL’s Board size at not more than eight directors. They then re-elected eight named individuals, effectively maintaining the existing board lineup within that maximum size authorized by the resolution at the 2026 Annual General Meeting in Hamilton, Bermuda.

Did SFL (SFL) shareholders approve issuing new preference shares?

No. A majority of shareholders voted against redesignating part of SFL’s authorized but unissued common shares as preference shares and against authorizing the Board to issue them and set their terms. As a result, that proposed capital-structure change and Bye-law amendment did not pass.

What auditor and director remuneration did SFL (SFL) approve for 2026?

Shareholders re-appointed Ernst & Young AS as SFL’s external auditor and authorized directors to determine the auditor’s remuneration. They also approved total Board of Directors’ fees not to exceed US$800,000 for the year ending 31 December 2026, setting a formal compensation cap.

Which financial statements were presented at SFL’s (SFL) 2026 AGM?

The AGM received SFL’s audited consolidated financial statements for the year ended 31 December 2025. Presentation of these statements allows shareholders to review the company’s full-year financial performance and position ahead of voting on governance, compensation, and capital-structure proposals at the same meeting.

When and where was SFL’s (SFL) 2026 Annual General Meeting held?

SFL’s 2026 Annual General Meeting of shareholders 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. The meeting covered director elections, auditor appointment, board fees, and a preference-share proposal.