Safe Bulkers, Inc. Announces Results of 2020 Annual Meeting of Stockholders
August 03 2020 - 4:05PM
Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international
provider of marine drybulk transportation services, announced the
election of two Class III directors at the Company’s annual meeting
of stockholders held in Greece today.
Frank Sica and Konstantinos Adamopoulos were
elected Class III directors. The Class III directors were elected
to hold office for a term ending at the annual meeting of
stockholders in 2023 and until their respective successors have
been duly elected and qualified.
Stockholders also (i) ratified the appointment
of Deloitte, Certified Public Accountants S.A. as the Company’s
independent auditors for the fiscal year ending December 31, 2020,
(ii) granted discretionary authority to the Company’s board of
directors to effect one or more reverse stock splits of the issued
and outstanding shares of common stock of the Company, at ratios
within the range from 1-for-2 up to 1-for-5 in the aggregate and
(iii) approved the adoption of an equity compensation plan for the
independent directors of the Company.
About Safe Bulkers, Inc.
The Company is an international provider of
marine drybulk transportation services, transporting bulk cargoes,
particularly coal, grain and iron ore, along worldwide shipping
routes for some of the world’s largest users of marine drybulk
transportation services. The Company's common stock, Series C and
Series D preferred stock is listed on the NYSE, where it trades
under the symbols “SB”, “SB.PR.C” and “SB.PR.D”, respectively.
Forward-Looking Statements
This press release contains forward-looking
statements (as defined in Section 27A of the Securities Act of
1933, as amended, and in the Section 21E of the Securities Exchange
Act of 1934, as amended) concerning future events, the Company’s
growth strategy and measures to implement such strategy, including
expected vessel acquisitions and entering into further time
charters. Words such as “expects,” “intends,” “plans,” “believes,”
“anticipates,” “hopes,” “estimates” and variations of such words
and similar expressions are intended to identify forward-looking
statements. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates which are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the control of the Company. Actual results
may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, changes in
the demand for drybulk vessels, competitive factors in the market
in which the Company operates, risks associated with operations
outside the United States and other factors listed from time to
time in the Company’s filings with the Securities and Exchange
Commission. The Company expressly disclaims any obligations or
undertaking to release any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
For further information please
contact:
Company Contact:Dr. Loukas
BarmparisPresident Safe Bulkers, Inc.Tel.: +30 2 111 888 400+357 25
887 200E-Mail: directors@safebulkers.com
Investor Relations / Media
Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230
Park Avenue, Suite 1536New York, N.Y. 10169Tel.: (212) 661-7566Fax:
(212) 661-7526E-Mail: safebulkers@capitallink.com
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