Performance Shipping Inc. Announces Results of 2023 Annual General Meeting of Shareholders

Rhea-AI Summary

Performance Shipping Inc. (NASDAQ: PSHG) held its Annual General Meeting of Shareholders on February 22, 2023, in Athens, Greece. The meeting, overseen by Broadridge Financial Solutions, Inc., resulted in the approval of two key proposals: the election of Andreas Michalopoulos and Loïsa Ranunkel as Class I directors, whose terms will last until the 2026 annual meeting, and the appointment of Ernst & Young (Hellas) as the independent auditors for the fiscal year ending December 31, 2023.

This meeting reinforces Performance Shipping's commitment to transparency and effective governance as it continues to operate in the global shipping industry.

Positive

• Election of new Class I directors, ensuring fresh leadership through 2026.
• Appointment of Ernst & Young as independent auditors, supporting enhanced financial transparency.

Negative

• None.

ATHENS, Greece, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced that the Company’s Annual General Meeting of Shareholders (the “Meeting”) was duly held on February 22, 2023, in Athens, Greece, pursuant to a Notice of Annual Meeting of Shareholders dated January 24, 2023. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

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 24, 2023, was approved and adopted:

(1) The election of Andreas Michalopoulos and Loïsa Ranunkel, each as a Class I director, whose term will expire at the Company’s 2026 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, 2023.

About the Company

Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on spot voyages, through pool arrangements and on time charters.

FAQ

When was the Annual General Meeting of Performance Shipping Inc. held?

The Annual General Meeting was held on February 22, 2023.

Who were elected as directors during the Annual General Meeting of PSHG?

Andreas Michalopoulos and Loïsa Ranunkel were elected as Class I directors.

What firm was appointed as the independent auditors for PSHG for 2023?

Ernst & Young (Hellas) was appointed as the independent auditors for the fiscal year ending December 31, 2023.

What is the significance of the Annual General Meeting for PSHG shareholders?

The Meeting is important for shareholders as it involved key corporate governance decisions, including director elections.