<SEC-DOCUMENT>0001140361-24-026862.txt : 20240520
<SEC-HEADER>0001140361-24-026862.hdr.sgml : 20240520
<ACCEPTANCE-DATETIME>20240520161540
ACCESSION NUMBER:		0001140361-24-026862
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240520
DATE AS OF CHANGE:		20240520

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GENCO SHIPPING & TRADING LTD
		CENTRAL INDEX KEY:			0001326200
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33393
		FILM NUMBER:		24964665

	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>DEFA14A
<SEQUENCE>1
<FILENAME>ef20029466_defa14a.htm
<DESCRIPTION>DEFA14A
<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>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">SCHEDULE 14A</div>
    <div style="text-align: center; font-weight: bold;">(Rule 14a-101)</div>
    <div><br>
    </div>
    <div style="text-align: center;">INFORMATION REQUIRED IN PROXY STATEMENT</div>
    <div style="text-align: center; font-weight: bold;">SCHEDULE 14A INFORMATION</div>
    <div><br>
    </div>
    <div style="text-align: center;">Proxy Statement pursuant to Section 14(a) of the</div>
    <div style="text-align: center;">Securities Exchange Act of 1934</div>
    <div> <br>
    </div>
    <div>Filed by the Registrant&#160; &#9746;</div>
    <div>Filed by a Party other than the Registrant&#160; &#9744;</div>
    <div><br>
    </div>
    <div>Check the appropriate box:</div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Preliminary Proxy Statement</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0c22bbba384042eeb1545c815f6b546f">

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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>
          </td>
        </tr>

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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Definitive Proxy Statement</div>
          </td>
        </tr>

    </table>
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          <td style="width: 18pt; vertical-align: top;">&#9746;</td>
          <td style="width: auto; vertical-align: top;">
            <div>Definitive Additional Materials</div>
          </td>
        </tr>

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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Soliciting Material under &#167; 240.14a-12</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">GENCO SHIPPING &amp; TRADING LIMITED</div>
    <div style="text-align: center;">(Name of Registrant as Specified in Its Charter)</div>
    <div><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 35%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
    <div><br>
    </div>
    <div>Payment of Filing Fee (Check the appropriate box):</div>
    <div><br>
    </div>
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          <td style="width: 18pt; vertical-align: top;">&#9746;</td>
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            <div>No fee required</div>
          </td>
        </tr>

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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Fee paid previously with preliminary materials.</div>
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          <td style="width: 18pt; vertical-align: top;">&#9744;</td>
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            <div>Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11</div>
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    <div style="text-align: center; font-weight: bold;">GENCO SHIPPING &amp; TRADING LIMITED</div>
    <div>
      <div style="text-align: center; font-weight: bold;">SUPPLEMENT TO THE PROXY STATEMENT</div>
    </div>
    <div style="text-align: center; font-weight: bold;">FOR THE ANNUAL MEETING OF SHAREHOLDERS</div>
    <div style="text-align: center; font-weight: bold;">TO BE HELD MAY 23, 2024</div>
    <div><br>
    </div>
    <div>This proxy statement supplement (the &#8220;Supplement&#8221;), dated May 20, 2024, provides updated information with respect to the 2024 Annual Meeting of Shareholders (the &#8220;Annual Meeting&#8221;) of Genco Shipping &amp; Trading Limited (the &#8220;Company&#8221;) to be held
      on May 23, 2024, at 10:00 a.m. (local time), at the offices of Kramer Levin Naftalis &amp; Frankel LLP, 1177 Avenue of the Americas, New York, NY 10036.</div>
    <div><br>
    </div>
    <div>This Supplement is being filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) and is being made available to the shareholders of the Company on or about May 20, 2024. Except as described in this Supplement, the information provided in the
      definitive proxy statement filed by the Company with the SEC on April 16, 2024 (the &#8220;Proxy Statement&#8221;), continues to apply. To the extent the information in this Supplement differs from or updates information in the Proxy Statement, our shareholders
      should rely on the information contained in this Supplement. The Proxy Statement contains important additional information. This Supplement should only be read in conjunction with the Proxy Statement.</div>
    <div><br>
    </div>
    <div>As described in the Proxy Statement, GK Investor LLC nominated Robert M. Pons for election as a director at the Annual Meeting and submitted a shareholder proposal to repeal certain provisions of, or amendments to, the Company&#8217;s By-Laws adopted
      after March 28, 2023.&#160; Since then, GK Investor LLC withdrew its nomination of Mr. Pons and its shareholder proposal.</div>
    <div><br>
    </div>
    <div>All nominees other than Mr. Pons named in the Proxy Statement, who were nominated by the Company&#8217;s Board of Directors, continue to stand for election or re-election at the Annual Meeting.&#160; All other agenda items except the shareholder proposal
      remain unaffected by this Supplement.</div>
    <div><br>
    </div>
    <div>The Company&#8217;s <font style="font-weight: bold;">WHITE</font> proxy cards and voting instruction forms returned by shareholders will remain valid and will be voted at the Annual Meeting unless revoked.&#160; Shares represented by such proxy cards or
      voting instruction forms returned before the Annual Meeting will be voted for the directors nominated by the Company&#8217;s Board of Directors as instructed on the proxy card or voting instruction form, except that votes will not be cast for Mr. Pons, and
      such votes will be disregarded, because he is no longer standing for election. The shareholder proposal will not be considered at the Annual Meeting, and all votes and voting instructions with respect thereto will be disregarded.&#160; <font style="font-weight: bold;">If you have already submitted your vote, you do not need to take any action unless you wish to change your vote.</font></div>
    <div><br>
    </div>
    <div>If you have not yet returned your <font style="font-weight: bold;">WHITE</font> proxy card or voting instruction form, please fill in the proxy card or voting instruction form disregarding Mr. Pons&#8217; name as a nominee for election as director and
      disregarding the shareholder proposal.</div>
    <div><br>
    </div>
    <div>Information regarding how to vote your shares, or revoke your proxy or voting instructions, is available in the Proxy Statement.</div>
    <div><br>
    </div>
    <div>
      <div style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">In addition, as three years have passed since Arthur L. Regan ceased to serve as Interim
        Executive Chairman and Chairman of the Board of the Company, on May 20, 2024, the Company&#8217;s Board of Directors determined Mr. Regan to be an independent director.</div>
      <div><br>
      </div>
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