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Seanergy Maritime Holdings Corp. ("Seanergy" or the "Company") (NASDAQ:SHIP) today announced that it has commenced mailing of proxy materials to its shareholders in connection with the Company's 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting"), scheduled to be held on November 4, 2024. Shareholders of record as of the close of business on September 19, 2024, will be entitled to vote at the meeting.
The Company also mailed a letter to Seanergy shareholders highlighting the commitment of the Board of Directors and management team to delivering value for all Seanergy shareholders and how the Company's continued execution of its strategic plan has it positioned to continue delivering leading and sustainable shareholder returns through the cycle.
George Economou – a shipowner and a competitor of Seanergy – has acquired a stake in Seanergy. He has brought litigation and launched a proxy fight against Seanergy seeking to gain effective control over the Company's Board and its corporate strategy by replacing two of the Company's directors with his own closely-associated nominees and calling for the resignations of the rest of Seanergy's Board members. In turn, this would allow Economou's nominees to fill those vacancies, such that the entire Board would be constituted with the nominees of a single shareholder. Based on his extensive track record of destroying shareholder value across multiple publicly listed companies, Economou's blatant attempt to seize effective control over the Company by replacing the entire Board with his own nominees and their appointees would be detrimental to Seanergy's ability to continue to deliver outperformance and would negatively impact shareholder value.
The Board of Directors unanimously recommends that shareholders vote on the WHITE proxy card "FOR" Seanergy's nominees and "AGAINST" the Economou proposals.
Posted In: SHIP
