AGM/EGMJun 12, 2026, 05:21 PM
International Seaways Stockholders Elect Directors, Approve Exec Comp
AI Summary
International Seaways, Inc. held its 2026 Annual Meeting where stockholders elected nine directors, ratified Ernst & Young LLP as the independent auditor for 2026, and approved the 2025 executive compensation in an advisory vote. Stockholders also ratified the Second Amended and Restated Rights Agreement. Additionally, the Board of Directors approved annual base salary increases for the CEO, CFO, and other senior officers, retroactive to January 1, 2026, and increased their 2026 annual equity target opportunities.
Key Highlights
- Nine directors were elected at the Annual Meeting.
- Ernst & Young LLP ratified as 2026 independent auditor with 44,668,718 votes in favor.
- Advisory vote on 2025 NEO compensation approved with 41,218,025 votes in favor.
- Second Amended and Restated Rights Agreement ratified with 27,238,846 votes in favor.
- CEO Lois Zabrocky's annual base salary increased to $850,000, retroactive to January 1, 2026.
- CFO Jeffrey Pribor's annual base salary increased to $675,000, retroactive to January 1, 2026.
- CEO's 2026 annual equity target opportunity increased to 400% of base salary.
- CFO's 2026 annual equity target opportunity increased to 200% of base salary.
Price Impact
More from INSW