International Seaways Announces Preliminary Results of 2023 Annual Meeting of Stockholders
June 06 2023 - 7:15PM
Business Wire
International Seaways, Inc. (NYSE: INSW) (the “Company” or
“INSW”), one of the largest tanker companies worldwide providing
energy transportation services for crude oil and petroleum
products, today announced that based on the preliminary voting
results provided by its proxy solicitor following the Company’s
2023 Annual Meeting of Stockholders (the “Annual Meeting”), INSW
stockholders have voted to re-elect all ten of the Company’s
nominees: Douglas D. Wheat, Timothy J. Bernlohr, Ian T. Blackley,
Alexandra K. Blankenship, Randee E. Day, David I. Greenberg, Joseph
I. Kronsberg, Nadim Z. Qureshi, Craig H. Stevenson, Jr., and Lois
K. Zabrocky.
At the Annual Meeting, stockholders also ratified the
appointment of Ernst & Young LLP as the Company’s independent
registered public accounting firm for 2023; approved the
compensation of the Named Executive Officers for 2023 as described
in the Company’s Proxy Statement; approved the frequency of future
advisory votes on Named Executive Officer for every year and
ratified the Company’s Amended and Restated Shareholder Rights
Agreement.
“On behalf of International Seaways’ Board, I would like to
thank our stockholders for their participation and feedback
throughout this process,” said Douglas Wheat, Chairman of the
Board. “Today’s results demonstrate our stockholders’ strong
support for our highly qualified, diversified Board and the
strategy we are executing to drive long-term value creation. We
will continue to take decisive action to build on our track record
to enhance stockholder value.”
The Company will file final voting results with the U.S.
Securities and Exchange Commission on a Form 8-K within four days
after the Annual Meeting.
ABOUT INTERNATIONAL SEAWAYS, INC.
International Seaways, Inc. (NYSE: INSW) is one of the largest
tanker companies worldwide providing energy transportation services
for crude oil and petroleum products in International Flag markets.
International Seaways owns and operates a fleet of 76 vessels,
including 13 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, eight LR1s
and 37 MR tankers. International Seaways has an experienced team
committed to the very best operating practices and the highest
levels of customer service and operational efficiency.
International Seaways is headquartered in New York City, NY.
Additional information is available at
https://www.intlseas.com.
Forward-Looking Statements This release contains
forward-looking statements. In addition, the Company may make or
approve certain statements in future filings with the U.S.
Securities and Exchange Commission (SEC), in press releases, or in
oral or written presentations by representatives of the Company.
All statements other than statements of historical facts should be
considered forward-looking statements. These matters or statements
may relate plans to issue dividends, the Company’s prospects,
including statements regarding vessel acquisitions, expected
synergies, trends in the tanker markets, and possibilities of
strategic alliances and investments. Forward-looking statements are
based on the Company’s current plans, estimates and projections,
and are subject to change based on a number of factors. Investors
should carefully consider the risk factors outlined in more detail
in the Annual Report on Form 10-K for 2022 for the Company, the
Quarterly Report on Form 10-Q for the quarter ended March 31, 2023,
and in similar sections of other filings made by the Company with
the SEC from time to time. The Company assumes no obligation to
update or revise any forward-looking statements. Forward-looking
statements and written and oral forward-looking statements
attributable to the Company or its representatives after the date
of this release are qualified in their entirety by the cautionary
statements contained in this paragraph and in other reports
previously or hereafter filed by the Company with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20230606006093/en/
Investor Relations & Media: Tom Trovato,
International Seaways, Inc. (212) 578-1602
ttrovato@intlseas.com
Matt Sherman / Aaron Palash / Haley Salas Joele Frank, Wilkinson
Brimmer Katcher (212) 355-4449
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