Safe Bulkers SEC Filings

Safe Bulkers, Inc. reports that Euronext Athens has confirmed all requirements are met for a dual listing of its common shares on the Main Market, in accordance with Greek law. The listing remains subject to approval of a prospectus by the Hellenic Capital Markets Commission.

The company plans to announce the date trading will begin on Euronext Athens after the prospectus is approved. Safe Bulkers’ common and preferred shares will continue to trade on the NYSE under existing symbols while it pursues this additional listing.

Safe Bulkers, Inc. has agreed to sell two older drybulk vessels as part of its fleet renewal strategy. The company will sell the 2006 Japanese-built Post-Panamax vessel MV Xenia for a gross sale price of $13.0 million and the 2008 Japanese-built Kamsarmax vessel MV Pedhoulas Commander for $14.7 million. Both vessels are expected to be delivered to their new owners with scheduled dry-dockings due, after completion of their current voyages.

The company states these divestments follow continued investment in modern newbuilds and aim to maintain a young, fuel-efficient and environmentally advanced fleet. Since 2022, Safe Bulkers has taken delivery of thirteen IMO GHG Phase 3 – NOx Tier III vessels, and its current orderbook includes eleven additional newbuilds aligned with its fleet age profile.

Safe Bulkers, Inc. received an amended Schedule 13D showing updated ownership and control by a long‑standing insider group. As of May 15, 2026, the reporting persons together beneficially owned 48,381,427 shares of common stock out of 101,826,580 shares outstanding, or about 47.5% of the company.

Vorini, Bellapais, Kyperounta, Lefkoniko, Akamas and Chalkoessa respectively hold 19,426,015, 5,000,000, 5,000,000, 5,000,000, 8,555,412 and 5,400,000 shares, each with sole voting and dispositive power. These entities are controlled or wholly owned by Polys Hajioannou, who may be deemed to have sole power over all 48,381,427 shares.

The amendment reflects a restructuring of family control under which Nicolaos Hadjioannou is no longer deemed to control Vorini and has ceased to be an indirect beneficial owner of more than five percent of the common stock. It also serves as an exit filing for Nicolaos Hadjioannou and Kition Holding Corp. A new joint filing agreement among the remaining reporting persons is included as an exhibit.

Safe Bulkers, Inc. has entered into recapitulation agreements to acquire four Japanese newbuild dry-bulk vessels, furthering its fleet renewal strategy. Three are 82,000 dwt Kamsarmax class and one is a 182,000 dwt Capesize class, all scheduled for delivery in 2029.

The three Kamsarmax vessels are expected to be funded from the company’s cash reserves. The Capesize vessel will be acquired via a ten-year bareboat finance lease with purchase options available to Safe Bulkers after five years at predetermined prices.

All four ships are designed to meet IMO GHG-EEDI Phase 3 and NOx-Tier III standards. After these deals close, Safe Bulkers will have an orderbook of eleven newbuild vessels, including two methanol dual-fueled ships, with staggered deliveries from 2026 through 2029.

SAFE BULKERS, INC. filed a Form 3 identifying Vasilis Hajioannou as a director and reporting person. This is an initial statement of beneficial ownership for this insider and, based on the available data, does not disclose any buy, sell, or derivative transactions.

SAFE BULKERS, INC. director Jeffrey Bunzel has filed a Form 3, which is the initial statement of beneficial ownership for insiders. The filing identifies him as a director and, in this data, does not report any share transactions or derivative positions.

Safe Bulkers, Inc. filed a report describing changes to its Board of Directors. On the Corporate Governance, Nominating and Compensation Committee’s recommendation, the Board expanded its size from nine to eleven directors and appointed Jeffrey Bunzel and Vassilis Hajioannou to the new seats with immediate effect.

The Board determined that Mr. Bunzel is independent under NYSE standards and assigned him to the Corporate Governance, Nominating and Compensation Committee, the Environmental, Social and Corporate Governance Committee, and the Audit Committee. The filing also states that this report is incorporated by reference into the company’s Form F-3 registration statement.

Safe Bulkers, Inc. reported that its Board of Directors has declared quarterly cash dividends of $0.50 per share on both its 8.00% Series C and 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares for the period from January 30, 2026 to April 29, 2026.

Each dividend is scheduled to be paid on April 30, 2026 to shareholders of record as of April 17, 2026. The company notes these preferred dividends are payable quarterly in arrears, but any future dividends will remain at the discretion of the Board and will depend on earnings, liquidity, leverage strategy, legal constraints and broader economic conditions.

Safe Bulkers, Inc. Chief Executive Officer and director Polys Hajioannou filed an initial statement of beneficial ownership of common stock. The Form 3 shows several large indirect positions in Safe Bulkers shares, all marked as held indirectly with ownership described in accompanying footnotes.

The footnotes explain that the reported shares are held through entities including Vorini Holdings Inc., Akamas Maritime Inc., Chalkoessa Maritime Inc., Lefkoniko Maritime Inc., Kyperounta Maritime Inc., and Bellapais Maritime Inc. Hajioannou may be deemed a beneficial owner through these roles but expressly disclaims beneficial ownership except to the extent of any pecuniary interest.