Genco Shipping & Trading (GNK) Proxy filing summary

Executive summary

• Board reviewed and rejected a July 2025 acquisition proposal from Star Bulk, citing undervaluation and lack of control premium.

• Genco shares have since outperformed Star Bulk by over 40%, closing at $24.24 on April 30, 2026.

• A subsequent proposal by Diana Shipping and Star Bulk was also rejected for undervaluing assets and offering discounted ship acquisition.

• Board remains committed to maximizing shareholder value and will continue to act in shareholders' best interests.

• Forward-looking statements highlight factors affecting future operations, dividends, and potential transactions.

Voting matters and shareholder proposals

• Definitive proxy statement and WHITE proxy card will be filed for the 2026 Annual Meeting of Shareholders.

• Shareholders are encouraged to review proxy materials in full when available.

Board of directors and corporate governance

• Board includes independent directors and executive officers actively participating in proxy solicitation.

• Information on directors, executive officers, and their interests is disclosed in the proxy statement.