Costamare Inc. Announces Election of Class II Directors at 2024 Annual Meeting of Stockholders
Rhea-AI Summary
Costamare Inc. (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, held its virtual annual meeting of stockholders on October 3, 2024. At the meeting, two Class II directors were elected: Gregory Zikos and Vagn Lehd Møller. They will hold office for a term ending at the annual meeting of stockholders in 2027 and until their successors have been duly elected and qualified.
Additionally, stockholders ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2024.
Positive
- Successful election of two Class II directors, ensuring continuity in company leadership
- Ratification of Ernst & Young as independent auditors, maintaining financial oversight
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CMRE declined 1.78%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE), an international owner and provider of containerships and dry bulk vessels for charter, announced the election of two Class II directors at the Company’s virtual annual meeting of stockholders held today.
The elected Class II directors are Gregory Zikos and Vagn Lehd Møller who were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their successors have been duly elected and qualified.
Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company’s independent auditors for the fiscal year ending December 31, 2024.
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and providers of containerships and dry bulk vessels for charter. The Company has 50 years of history in the international shipping industry and a fleet of 68 containerships, with a total capacity of approximately 513,000 TEU and 38 owned dry bulk vessels with a total capacity of approximately 2,830,000 DWT (including one vessel that we have agreed to sell). The Company also has a dry bulk operating platform which charters in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and may also utilize hedging solutions. The Company participates in a leasing business that provides financing to third-party owners. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C” and “CMRE PR D”, respectively.
Forward-Looking Statements
This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could” and “expect” and similar expressions. These statements are not historical facts but instead represent only the Company’s belief regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company’s Annual Report on Form 20-F (File No. 001-34934) under the caption “Risk Factors”.
Company Contacts:
Gregory Zikos - Chief Financial Officer
Konstantinos Tsakalidis - Business Development
Costamare Inc., Monaco
Tel: (+377) 93 25 09 40
Email: ir@costamare.com
FAQ
Who were elected as Class II directors for Costamare Inc. (CMRE) in 2024?
When will the term of the newly elected Class II directors of Costamare Inc. (CMRE) end?
Which firm was appointed as Costamare Inc.'s (CMRE) independent auditor for fiscal year 2024?
What type of meeting did Costamare Inc. (CMRE) hold for its 2024 annual stockholders meeting?
