<SEC-DOCUMENT>0001140361-20-006461.txt : 20200320
<SEC-HEADER>0001140361-20-006461.hdr.sgml : 20200320
<ACCEPTANCE-DATETIME>20200320165245
ACCESSION NUMBER:		0001140361-20-006461
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200317
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20200320
DATE AS OF CHANGE:		20200320

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENCO SHIPPING & TRADING LTD
		CENTRAL INDEX KEY:			0001326200
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33393
		FILM NUMBER:		20732571

	BUSINESS ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
		BUSINESS PHONE:		(646) 443-8550

	MAIL ADDRESS:	
		STREET 1:		299 PARK AVENUE
		STREET 2:		12TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10171
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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  <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
  <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
  <div><br>
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  <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
  <div style="text-align: center; font-weight: bold;"> <br>
  </div>
  <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
  <div style="text-align: center; font-weight: bold;">&#160;Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</div>
  <div style="text-align: center;"> <br>
  </div>
  <div style="text-align: center;">Date of Report (Date of earliest event reported):&#160; March 17, 2020</div>
  <div style="text-align: center; font-weight: bold;"> <br>
  </div>
  <div style="text-align: center; font-size: 24pt; font-weight: bold;">GENCO SHIPPING &amp; TRADING LIMITED</div>
  <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
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          <div style="text-align: center; font-weight: bold;">Republic of the Marshall Islands</div>
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          <div style="text-align: center; font-weight: bold;">001-33393</div>
        </td>
        <td style="width: 33.34%; vertical-align: top;">
          <div style="text-align: center; font-weight: bold;">98-043-9758</div>
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          <div style="text-align: center;">(State or other jurisdiction of incorporation or organization)</div>
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          <div style="text-align: center;">(Commission file number)</div>
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          <div style="text-align: center;">(I.R.S. employer identification no.)</div>
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          <div style="text-align: center; font-weight: bold;">299 Park Avenue</div>
          <div style="text-align: center; font-weight: bold;">12th Floor</div>
        </td>
        <td style="width: 34%; vertical-align: top;">&#160;</td>
        <td style="width: 33.34%; vertical-align: top;">
          <div>&#160;</div>
          <div style="text-align: center; font-weight: bold;">10171</div>
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        <td style="width: 33.33%; vertical-align: top;">
          <div style="text-align: center;">(Address of principal executive offices)</div>
        </td>
        <td style="width: 34%; vertical-align: top;">&#160;</td>
        <td style="width: 33.34%; vertical-align: top;">
          <div style="text-align: center;">(Zip code)</div>
        </td>
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  <div style="text-align: center;">Registrant&#8217;s telephone number, including area code:&#160; (646) 443-8550</div>
  <div style="text-align: center;"> <br>
  </div>
  <div style="margin-left: 36pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<font style="font-style: italic;">see</font>
    General Instruction A.2. below):</div>
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            <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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              <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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              <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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            <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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              <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
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            <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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              <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
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  <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
  <div><br>
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  <div style="text-align: right;">Emerging growth company &#9744;<font style="font-family: Symbol, serif;"></font></div>
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  <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
    Act. &#9744;<font style="font-family: Symbol, serif;"></font></div>
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  <div>Securities registered pursuant to Section 12(b) of the Act:</div>
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          <div>Title of each class</div>
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          <div>Trading Symbol(s)</div>
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        <td style="width: 44.26%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div>Name of exchange on which registered</div>
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        <td style="width: 33.01%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div>Common stock, par value $0.01 per share</div>
        </td>
        <td style="width: 22.74%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div>GNK</div>
        </td>
        <td style="width: 44.26%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div>New York Stock Exchange (NYSE)</div>
        </td>
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            <td style="width: 72pt; vertical-align: top; align: right; font-weight: bold;">Item 5.02</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-weight: bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</div>
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  <div>On March 17, 2020, Daniel Y. Han, a director of Genco Shipping &amp; Trading Limited (the &#8220;Company&#8221;), resigned as a director effective as of the convening of the 2020 annual shareholders&#8217; meeting.&#160; Mr. Han stated that his departure did not reflect
    any disagreement with the Company.</div>
  <div style="margin-right: 64.8pt;"> <br>
  </div>
  <div>As reflected in the preliminary proxy statement of the Company filed with the U.S. Securities and Exchange Commission today, the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) intends to reduce its size to eight members, subject to shareholder approval
    and effectiveness of an amendment to the Company&#8217;s Second Amended and Restated Articles of Incorporation that would allow the Board to determine its size.&#160; In furtherance of the foregoing, the Board, which is currently comprised of nine directors, has
    proposed eight candidates for election at the annual shareholders&#8217; meeting.</div>
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  <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
  <div><br>
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  <div style="text-align: justify; text-indent: 54pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, Genco Shipping &amp; Trading Limited has duly caused this report to be signed on its behalf by the undersigned hereunto duly
    authorized.</div>
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        <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
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          <div>GENCO SHIPPING &amp; TRADING LIMITED</div>
        </td>
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        <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
        <td rowspan="1" style="width: 50%; vertical-align: top;" colspan="2">&#160;</td>
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          <div>DATE:&#160; March 20, 2020</div>
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        <td colspan="1" style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
        <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
          <div>/s/ Apostolos Zafolias</div>
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        <td style="width: 25%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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        <td rowspan="1" colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
        <td rowspan="1" style="width: 50%; vertical-align: top;" colspan="2">
          <div>Apostolos Zafolias</div>
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        <td colspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
        <td style="width: 50%; vertical-align: top;" colspan="2">
          <div>Chief Financial Officer</div>
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