International Seaways stockholders elect nine directors and ratify rights agreement
At its June 8, 2026 annual meeting, International Seaways stockholders elected all nine director nominees, ratified Ernst & Young LLP as auditor for 2026, and approved the 2025 executive pay in an advisory vote. Stockholders also ratified the Second Amended and Restated Rights Agreement dated April 9, 2026, though it drew 14,456,177 votes against. The board separately raised base salaries and equity targets for several executives, including CEO Lois Zabrocky, and increased director pay.
Key points
- Holders of 44,769,310 shares, or 90.43% of the 49,504,696 shares outstanding and entitled to vote, were represented at the June 8, 2026 meeting.
- Kristian K. Johansen received 39,511,902 votes for and 2,225,774 withheld, the lowest for-vote of the nine nominees.
- Rights agreement ratification: 27,238,846 for, 14,456,177 against and 42,653 abstentions.
- CEO Lois Zabrocky's base salary is now $850,000, with her 2026 annual equity target raised to 400% of salary; increases are retroactive to January 1, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 12, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.