Key Summary: On December 13, 2023, George Economou (7.2%) voiced governance concerns, citing the alleged issuance of super-voting Series B Preferred Stock to the Chairman and CEO in 2021. He planned board nominations. On June 3, 2024, George Economou and Sphinx Investment Corp (8.9%) criticized CEO Stamatis Tsantanis and the board for selling 49.99% of voting power to Tsantanis for $250,000, alleging self-dealing and poor shareholder engagement.Market Cap: $253 million | Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide.
On December 13, 2023, George Economou (7.2%) stated his concerns about the management and oversight, especially regarding the alleged issuance of super-voting Series B Preferred Stock to its Chairman and CEO in December 2021, which he believes involved fiduciary duty breaches. He plans to nominate candidates for the board at the next annual meeting when nominations are open. Source
On June 3, 2024, George Economou and Sphinx Investment Corp (together 8.9%) issued a statement concerning their investment in the company. They accused the board, led by CEO Stamatis Tsantanis, of questionable governance practices, including selling 49.99% of voting power to Tsantanis for $250,000 when the company had over $400 million in assets. They criticized the board for alleged self-dealing and lack of engagement with shareholders. Source
コメント