Safe Bulkers, Inc. Holds Annual Meeting with New Appointments
Safe Bulkers, Inc. (NYSE: SB) has concluded its annual stockholder meeting, where several important decisions were made to guide the future of the company. The meeting was held in Monaco, and it saw the election of three Class II directors who will play crucial roles in shaping the company’s policies moving forward.
Election of Class II Directors
The newly elected Class II directors include Dr. Loukas Barmparis, Marina Hajioannou, and Christos Megalou. Each of these directors will serve a term that extends until the next annual meeting of stockholders in 2028, ensuring continuity in governance at Safe Bulkers. Their collective expertise is expected to contribute to the company’s strategy in marine drybulk transportation.
Appointment of Independent Auditors
In addition to the director elections, stockholders ratified the appointment of Deloitte, Certified Public Accountants S.A., as the company’s independent auditors for the fiscal year ending December 31, 2025. This decision reflects the company's commitment to maintaining transparency and accountability in its financial practices.
About Safe Bulkers, Inc.
Safe Bulkers, Inc. is an international provider of marine drybulk transportation services. The company transports a variety of bulk cargoes, including coal, grain, and iron ore, across global shipping routes. This service is essential for many of the largest users of marine transportation around the world. The company’s stock is listed on the NYSE with the ticker symbol “SB”, along with its Series C and Series D preferred stocks represented by “SB.PR.C” and “SB.PR.D”, respectively. Safe Bulkers is dedicated to enhancing its fleet and service offerings to meet the evolving demands of the market.
Looking Ahead
As Safe Bulkers, Inc. moves forward with its updated board of directors and auditors, the company aims to implement strategies that enhance operational efficiency and expand its market presence. The new directors are expected to bring fresh perspectives that will be vital as the company navigates the complexities of the global shipping industry.
For Further Information
For those seeking more information, the company encourages direct inquiries. Dr. Loukas Barmparis, the President of Safe Bulkers, Inc., is available for contact. Interested parties can reach him via telephone at +30 2 111 888 400 or fax at +30 2 111 878 500. Additionally, inquiries can be directed through email to directors@safebulkers.com.
Frequently Asked Questions
What decisions were made in the 2025 annual meeting?
The annual meeting resulted in the election of three Class II directors and the ratification of Deloitte as the independent auditors for the fiscal year 2025.
Who are the newly elected directors of Safe Bulkers, Inc.?
The newly elected directors are Dr. Loukas Barmparis, Marina Hajioannou, and Christos Megalou.
What is the role of Deloitte for Safe Bulkers, Inc.?
Deloitte has been appointed as the independent auditors for Safe Bulkers, which will oversee financial reporting and ensure compliance with regulatory requirements for the fiscal year 2025.
What type of services does Safe Bulkers offer?
Safe Bulkers provides marine drybulk transportation services, focusing on transporting bulk cargoes such as coal, grain, and iron ore globally.
How can I contact Safe Bulkers for more information?
For inquiries, you can contact Dr. Loukas Barmparis at +30 2 111 888 400, or via email at directors@safebulkers.com.
