STOCK TITAN

Costamare Inc. Announces Election of Class III Directors at 2022 Annual Meeting of Stockholders

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Costamare Inc. (NYSE: CMRE) held its annual meeting in Monaco on October 6, 2022, where two Class III directors, Konstantinos Konstantakopoulos and Charlotte Stratos, were elected, each serving until 2025. Additionally, stockholders ratified Ernst & Young (Hellas) as the independent auditors for the fiscal year ending December 31, 2022. Costamare boasts a fleet of 76 containerships and 45 dry bulk vessels, totaling significant capacities. The company has a 48-year history in international shipping, highlighting its established position in the market.

Positive
  • Election of two Class III directors, ensuring leadership continuity.
  • Ratification of Ernst & Young as independent auditors provides credibility.
Negative
  • None.

MONACO, Oct. 06, 2022 (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 III directors at the Company’s annual meeting of stockholders held in Monaco today.

The elected Class III directors are Konstantinos Konstantakopoulos and Charlotte Stratos. Each Class III director was elected to hold office for a term ending at the annual meeting of stockholders in 2025 and until his or her successor has 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, 2022.

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 48 years of history in the international shipping industry and a fleet of 76 containerships, with a total capacity of approximately 557,000 TEU (including five vessels that we have agreed to sell) and 45 dry bulk vessels with a total capacity of approximately 2,436,000 DWT. Four of our containerships have been acquired pursuant to the Framework Deed with York by vessel-owning joint venture companies in which we hold a minority equity interest. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C”, “CMRE PR D” and “CMRE PR E”, 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 III directors at Costamare's annual meeting in 2022?

Konstantinos Konstantakopoulos and Charlotte Stratos were elected as Class III directors.

What is the term length for the newly elected directors at Costamare?

The elected directors will serve until the annual meeting of stockholders in 2025.

What auditing firm was ratified by Costamare's stockholders for 2022?

Ernst & Young (Hellas) was ratified as the independent auditors for the fiscal year ending December 31, 2022.

What is the total capacity of Costamare's fleet?

Costamare operates a fleet of 76 containerships with approximately 557,000 TEU capacity and 45 dry bulk vessels with around 2,436,000 DWT capacity.

What stock symbol does Costamare trade under?

Costamare's common stock trades under the symbol 'CMRE' on the New York Stock Exchange.

Costamare Inc.

NYSE:CMRE

CMRE Rankings

CMRE Latest News

CMRE Stock Data

1.50B
43.21M
63.93%
28.55%
1.66%
Marine Shipping
Industrials
Link
United States of America
Monaco