Pangaea Logistics Solutions Ltd.

08/09/2024 | Press release | Distributed by Public on 08/09/2024 14:17

Submission of Matters to a Vote of Security Holders Form 8 K

Item 5.07
Submission of Matters to a Vote of Security Holders.
On August 8, 2024, Pangaea Logistics Solutions Ltd., a Bermuda corporation (the "Company"), held its 2024 Annual Meeting of Shareholders (the "Annual Meeting"). There were a total of 46,902,091 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. A total of 40,056,589 shares of Common Stock, constituting a majority of the outstanding shares of Common Stock entitled to vote at the Annual Meeting, were represented either in person or by proxy, and accordingly, a quorum was present. At the Annual Meeting, the Company's shareholders voted on the following matters and cast their votes as described below.
1.To elect three directors to our Board of Directors as Class I directors serving until the annual meeting of shareholders to be held in August 2027:
Class I Nominees
Votes For Votes Against Abstain Broker Non-Vote
Eric S. Rosenfeld 30,058,029 5,053,167 48,011 4,897,382
Mark L. Filanowski 34,967,480 163,774 27,953 4,897,382
Anthony Laura 26,409,771 7,716,162 1,033,274 4,897,382
2.To approve the Pangaea Logistics Solutions Ltd. 2014 Share Incentive Plan, as amended and restated by the Board of Directors on May 7, 2024, referred to herein as the '2024 Plan'
Votes For Votes Against Abstain Broker Non-Vote
28,978,202 5,346,872 834,133 4,897,382
3.To ratify the appointment of Grant Thornton LLP as the Company's independent registered public accounting firm for the Company's fiscal year 2023:
Votes For Votes Against Abstain Broker Non-Vote
39,641,515 359,525 55,549 -
4.To approve, on an advisory, non-binding basis, the compensation of named executive officers:
Votes For Votes Against Abstain Broker Non-Vote
33,578,692 1,465,417 115,098 4,897,382
5.To recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers:
One Year Two Year Three Year Abstain Broker Non-Vote
32,343,496 206,094 2,566,611 43,006 4,897,382