Pangaea Logistics Solutions Ltd. 8-K

What Happened
Pangaea Logistics Solutions Ltd. filed an 8-K on May 12, 2026 reporting results from its May 7, 2026 Annual Meeting of Shareholders. Of 65,318,647 shares outstanding and entitled to vote, 54,259,260 shares were represented (a quorum). Shareholders elected directors across three classes, ratified Deloitte & Touche LLP as the independent auditor for fiscal 2026, and approved, on an advisory (non-binding) basis, the compensation of the company’s named executive officers.

Key Details

• Shares outstanding and quorum: 65,318,647 shares entitled to vote; 54,259,260 shares represented at the meeting.
• Director elections (all elected):
  • Class III (term to 2029): Richard T. du Moulin; Karen H. Beachy; Gary Vogel; Paul M. Leand, Jr. (vote totals reported per nominee).
  • Class I (term to 2027): Mads Rosenberg Boye Petersen — 48,201,270 votes for.
  • Class II (term to 2028): Eugene I. Davis — 46,867,026 votes for.
• Auditor ratification: Deloitte & Touche LLP ratified as independent registered public accounting firm — 53,448,589 votes for; 280,481 against; 530,190 abstain.
• Advisory say-on-pay: Approved on a non‑binding basis — 47,010,138 votes for; 825,844 against; 692,203 abstain. Broker non-votes totaled 5,731,075 for the director and advisory votes.

Why It Matters
These outcomes confirm the composition and continuity of Pangaea’s board through the stated class terms, maintain the company’s audit relationship with Deloitte, and indicate shareholder support (though advisory) for executive compensation. Broker non-votes and abstentions are material to vote totals because they affect the share counts participating in director and advisory decisions; the say-on-pay remains non-binding and will inform management and the board going forward.