Report of Foreign Issuer (6-k)
December 02 2015 - 1:57PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2015
Commission File Number: 001-33655
PARAGON SHIPPING INC.
(Name of Registrant)
15 Karamanli Ave., GR 166 73, Voula,
Greece
(Address of principal
executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
PARAGON SHIPPING INC.
EXHIBITS
Exhibit Number
|
Description |
99.1 |
Press Release, dated December 2, 2015, issued by Paragon Shipping Inc. |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
PARAGON SHIPPING INC. |
|
|
Date: December 2, 2015 |
By: |
/s/ Nikolas Arachovas |
|
Nikolas Arachovas |
|
Chief Financial Officer |
Exhibit 99.1
PARAGON SHIPPING ANNOUNCES THE APPOINTMENT
OF CHIEF FINANCIAL OFFICER
December 2, 2015 – Athens, Greece - Paragon
Shipping Inc. (the “Company”) (NASDAQ: PRGN) a global shipping company specializing in the transportation of dry bulk
cargoes, announced today that the Board of Directors has appointed Mr. Nikolas Arachovas as the Chief Financial Officer of the
Company, with immediate effect.
Nikolas Arachovas has been the Financial Advisor
of Allseas Marine S.A., the Company’s technical and commercial manager, since February 2015. He brings more than eight years
of experience in shipping and held senior management positions in companies, where he was involved in their financial strategy.
Prior to engaging in shipping, he worked for international companies such as Coca-Cola HBC, Deloitte and S&B Industrial Minerals.
Mr. Michael Bodouroglou, Chairman, President
and Chief Executive Officer of the Company, commented: “We welcome Nikolas as our new CFO. Nikolas has been supporting us
since February by providing valuable financial advice. We believe that his business understanding, his financial background, as
well as his capital markets experience will be valuable assets to our Company.”
About Paragon Shipping Inc.
Paragon Shipping is an international
shipping company incorporated under the laws of the Republic of the Marshall Islands with executive offices in Athens, Greece,
specializing in the transportation of drybulk cargoes. Paragon Shipping’s current fleet consists of twelve drybulk vessels
with a total carrying capacity of 719,769 dwt. In addition, Paragon Shipping’s current newbuilding contracts consist of
two Ultramax and three Kamsarmax drybulk carriers that are scheduled to be delivered between the fourth quarter of 2015 and the
first quarter of 2016. The Company’s common shares and senior notes trade on the NASDAQ Capital Market under the symbols
“PRGN” and “PRGNL,” respectively. For more information, visit: www.paragonship.com. The information
contained on Paragon Shipping’s website does not constitute part of this press release.
Contacts:
Paragon Shipping Inc.
ir@paragonshipping.gr
DresnerAllenCaron
Rudy Barrio (Investors)
rbarrio@dresnerallencaron.com
(212) 691-8087
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