Item 5.07
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Submission of Matters to a Vote of Security Holders.
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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:
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Class I Nominees
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Votes For
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Votes Against
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Abstain
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Broker Non-Vote
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Eric S. Rosenfeld
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30,058,029
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5,053,167
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48,011
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4,897,382
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Mark L. Filanowski
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34,967,480
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163,774
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27,953
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4,897,382
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Anthony Laura
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26,409,771
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7,716,162
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1,033,274
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4,897,382
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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'
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Votes For
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Votes Against
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Abstain
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Broker Non-Vote
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28,978,202
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5,346,872
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834,133
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4,897,382
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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:
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Votes For
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Votes Against
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Abstain
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Broker Non-Vote
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39,641,515
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359,525
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55,549
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-
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4.To approve, on an advisory, non-binding basis, the compensation of named executive officers:
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Votes For
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Votes Against
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Abstain
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Broker Non-Vote
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33,578,692
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1,465,417
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115,098
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4,897,382
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5.To recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers:
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One Year
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Two Year
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Three Year
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Abstain
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Broker Non-Vote
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32,343,496
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206,094
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2,566,611
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43,006
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4,897,382
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