Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 7, 2026, Pangaea Logistics Solutions Ltd., a Bermuda corporation (the “Company”), held its 2026 Annual Meeting of Shareholders (the “Annual Meeting”). There were a total of 65,318,647 shares of Common Stock outstanding and entitled to vote at the Annual Meeting. A total of 54,259,260 shares of Common Stock, constituting a majority of the outstanding shares of Common Stock entitled to vote at the Annual Meeting, were represented either in person or by proxy, and accordingly, a quorum was present. At the Annual Meeting, the Company’s shareholders voted on the following matters and cast their votes as described below.
1. To elect the following directors to our Board of Directors as Class III directors serving until the annual meeting of shareholders to be held in 2029:
Class III Nominees Votes For Votes Against Abstain Broker Non-Vote
─────────────────────────────────────────────────────────────────────────────────────────────
Richard T. du Moulin 44,406,109 3,441,523 680,553 5,731,075
Karen H. Beachy 47,068,821 775,680 683,684 5,731,075
Gary Vogel 46,568,495 1,417,883 541,807 5,731,075
Paul M. Leand, Jr. 47,396,611 1,099,077 32,497 5,731,075
2. To elect one director to our Board of Directors as a Class I director serving until the annual meeting of shareholders to be held in 2027.
Class I Nominees Votes For Votes Against Abstain Broker Non-Vote
─────────────────────────────────────────────────────────────────────────────────────────────────────
Mads Rosenberg Boye Petersen 48,201,270 293,007 33,908 5,731,075
3. To elect one nominee to our Board of Directors as a Class II directors serving until the annual meeting of shareholders to be held in 2028:
Class II Nominees Votes For Votes Against Abstain Broker Non-Vote
──────────────────────────────────────────────────────────────────────────────────────────
Eugene I. Davis 46,867,026 963,350 697,809 5,731,075
4. To ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year 2026:
Votes For Votes Against Abstain Broker Non-Vote
───────────────────────────────────────────────────────────────────
53,448,589 280,481 530,190 —
5. To approve, on an advisory, non-binding basis, the compensation of named executive officers:
Votes For Votes Against Abstain Broker Non-Vote
───────────────────────────────────────────────────────────────────
47,010,138 825,844 692,203 5,731,075