Seanergy Maritime Shareholders Overwhelmingly Re-Elect Seanergy Nominees at 2024 Annual Meeting

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Seanergy Maritime Holdings Corp.
Seanergy Maritime Holdings Corp.

GLYFADA, Greece, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP) today announced that at the Company’s 2024 Annual Meeting of Shareholders, Seanergy shareholders have overwhelmingly voted to re-elect the Company’s two director nominees – Dimitrios Anagnostopoulos and Ioannis Kartsonas – to serve until the 2027 Annual Meeting, to ratify the appointment of the existing auditors and to reject the proposals brought by G. Economou through his entity Sphinx Investment Corp.

The final voting results are as follows:

COMPANY PROPOSALS

% OF VOTES

FOR

AGAINST

WITHHOLD / ABSTAIN

1a. Election of Director – Dimitrios Anagnostopoulos

88.21%

-

11.79%

1b. Election of Director – Ioannis Kartsonas

88.22%

-

11.78%

2. Ratification of Appointment of Auditors

93.47%

6.48%

0.05%

G. ECONOMOU PROPOSALS

% OF VOTES

FOR

AGAINST

WITHHOLD / ABSTAIN

3. Board declassification

13.23%

86.60%

0.17%

4A. Resignation of Mr. Stamatios Tsantanis

8.48%

91.27%

0.24%

4B. Resignation of Ms. Christina Anagnostara

8.48%

91.30%

0.22%

4C. Resignation of Mr. Elias Culucundis

8.50%

91.28%

0.22%


Excluding the votes of management, directors, Series B Preferred Shares and G. Economou1, Seanergy’s unaffiliated common shareholders overwhelmingly supported Seanergy’s incumbent directors and rejected the proposals put forth by G. Economou, as follows:

COMPANY PROPOSALS

% OF VOTES

FOR

AGAINST

WITHHOLD / ABSTAIN

1a. Election of Director – Dimitrios Anagnostopoulos

71.47%

-

28.53%

1b. Election of Director – Ioannis Kartsonas

71.51%

-

28.49%

2. Ratification of Appointment of Auditors

97.51%

2.31%

0.18%

G. ECONOMOU PROPOSALS

% OF VOTES

FOR

AGAINST

WITHHOLD / ABSTAIN

3. Board declassification

36.38%

62.70%

0.93%

4A. Resignation of Mr. Stamatios Tsantanis

10.54%

88.14%

1.32%

4B. Resignation of Ms. Christina Anagnostara

10.54%

88.28%

1.18%

4C. Resignation of Mr. Elias Culucundis

10.64%

88.16%

1.20%


Seanergy issued the following statement:

We greatly appreciate our shareholders’ support for our Board. This outcome reflects confidence in our Board and Seanergy’s strategic direction and our commitment to value creation both now and into the future. It is clear that our shareholders recognize that our Board and governance are driving meaningful, sustained growth. Today’s vote also underscores that Seanergy shareholders have firmly rejected G. Economou’s self-serving attempt to seize control, standing decisively against his proposals.

In recent years, Seanergy’s Board and management team have transformed the Company into a leading public, growth-oriented Capesize pure-play. Our investments in the Capesize fleet have enabled us to operate efficiently, outperform the market, and generate strong free cash flow to support disciplined growth while increasing capital returns to shareholders. With this focused strategy, we believe Seanergy is well-positioned to continue delivering strong performance through the cycle and attractive shareholder returns.


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