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Form 8-K GENCO SHIPPING & TRADING For: Aug 16

August 17, 2022 4:32 PM EDT

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
 
CURRENT REPORT
 Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  August 17, 2022 (August 16, 2022)
 
GENCO SHIPPING & TRADING LIMITED
(Exact name of registrant as specified in its charter)

Republic of the Marshall Islands
001-33393
98-0439758
(State or other jurisdiction of incorporation or organization)
(Commission file number)
(I.R.S. employer identification no.)

299 Park Avenue
12th Floor
New York, NY
 
 
10171
(Address of principal executive offices)
 
(Zip code)

Registrant’s telephone number, including area code:  (646) 443-8550
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company          

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐
 
Securities registered pursuant to Section 12(b) of the Act:

 
Title of each class
 
Trading Symbol(s)
 
Name of exchange on which registered
  Common stock, par value $0.01 per share
  GNK
  New York Stock Exchange (NYSE)



Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 16, 2022, Bao D. Truong, who has served as a director of Genco Shipping & Trading Limited (the “Company”) since July 2014, informed the Company of his intention to resign as a director.  The following day, Mr. Truong resigned.  Mr. Truong is a Senior Managing Director at Centerbridge Partners, L.P., and its affiliated investment funds have been among Company’s largest shareholders in recent years.  As such funds recently reduced their ownership of the Company’s stock, Mr. Truong informed the Company that he was tendering his resignation to focus on other activities.  Mr. Truong stated that his departure did not reflect any disagreement with the Company.

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SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, Genco Shipping & Trading Limited has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

GENCO SHIPPING & TRADING LIMITED



DATE:
August 17, 2022





/s/ Apostolos Zafolias


Apostolos Zafolias

Chief Financial Officer


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