Business
Performance Shipping Inc. Announces Results of 2020 Annual Meeting of Shareholders and Changes to Board of Directors and Executive Officers
ATHENS, Greece, Feb. 28, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the
About this update from Performance Shipping Inc.
[{"type":"text","content":"ATHENS, Greece, Feb. 28, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that the Company’s Annual Meeting of Shareholders (the “Meeting”) was duly held on February 18, 2020, in Limassol, Cyprus, pursuant to a Notice of Annual Meeting of Shareholders dated January 9, 2020. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.\n Annual General Meeting Results At the Meeting, each of the following proposals, which are set forth in more detail in the Notice of Annual Meeting of Shareholders and the Company's Proxy Statement sent to shareholders on or around January 9, 2020, was approved and adopted: (1) The election of Antonios Karavias and Andreas Nikolaos Michalopoulos as Class I Directors of the Company, to serve until the Company's 2023 Annual Meeting of Shareholders; and (2) The appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2020. Changes to the Board of Directors Also effective as of the date of the Meeting, Mr. Anastasios Margaronis, Mr. Nikolaos Petmezas and Mr. Ioannis Zafirakis have resigned from the Board of Directors due to other business commitments. The Company’s Board of Directors has appointed Mr. Christos Glavanis and Ms. Aliki Paliou to the Board of Directors, effective as of the date hereof, to fill the existing vacancies created by the resignations of Messrs Margaronis and Petmezas. Mr. Glavanis will be appointed as Chairman of the Company’s Compensation Committee. Biographical information for each of Mr. Glavanis and Ms. Paliou is set forth below in this press release. Changes in Executive Officers The Company also announced that effective today, as part of a long-term management succession plan, Mr. Anastasios Margaronis has resigned from his position as the Company’s President, Mr. Ioannis Zafirakis has resigned as the Company’s Chief Strategy Officer and Secretary, and Mrs. Semiramis Paliou has resigned as the Company’s Chief Operating Officer, in order to devote substantially all of their business time to other endeavors. The Company’s Board of Directors has appointed Mr. Michalopoulos as Secretary to replace Mr. Zafirakis, effective as of the date hereof. The above-re...