On March 05, 2024, Genco Shipping & Trading Limited announced that its Board of Directors has rejected the proposed nomination of Randee Day and Robert Pons by GK Investor LLC for election to the Board at the Company?s 2024 Annual Meeting of Shareholders. The Company issued the following statement: Board of Directors evaluated both nominees and determined on recommendation of its Nominating and Corporate Governance Committee that adding Randee Day and Robert Pons to the Board would not be in the best interest of the Company or its shareholders as both are not additive to Board?s existing skills and expertise or lack sufficient experience in shipping and related industries. The Company added that board will continue to take actions it believes are in the best interest of the Company and all its shareholders and stated that it will make its formal recommendation regarding director nominations in its proxy statement for its 2024 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission and mailed to shareholders in due course.