Every material Form 8-K Pangaea Logistics Solutions Ltd. has filed with the SEC since June 08, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Pangaea Logistics Solutions chair Richard T. du Moulin notified the Board on November 3, 2026, that he will retire as a director effective December 31, 2026. He has served on the Board since the company's 2014 IPO, and the filing says his affiliation with the company dates back more than 25 years. The filing does not name a successor.
Retirement notified to the Board on November 3, 2026, effective December 31, 2026
Du Moulin has served as a director since Pangaea's 2014 IPO and was affiliated with the company for more than 25 years
Claus Boggild, a founder and Lead Independent Director, praised his knowledge, forethought and integrity
Pangaea Logistics Solutions reported third-quarter 2026 results, with GAAP net income attributable to the company of $38.3 million, or $0.59 per share, up from $12.2 million, or $0.19 per share, a year earlier. Total revenue was $219.1 million, and Adjusted EBITDA rose 81.3% to $52.4 million, which matters to shareholders because it shows a large year-over-year gain in earnings and cash generation. The board also declared a $0.10 quarterly dividend.
GAAP net income attributable to Pangaea of $38.3 million, or $0.59 per share, versus $12.2 million, or $0.19 per share, in Q3 2025
Total revenue of $219.1 million versus $168.7 million in Q3 2025; Adjusted EBITDA of $52.4 million, a 23.9% margin versus 17.1%
Average TCE rate of $20,414 per day versus $15,559 per day a year earlier; the company reported cash and equivalents of $144.9 million at September 30, 2026
Quarterly dividend of $0.10 per share, payable December 15, 2026, to holders of record on December 1, 2026
Pangaea Logistics Solutions reported second quarter 2026 revenue of $187.1 million, up from $156.7 million a year earlier, and GAAP net income attributable to the company of $10.2 million, or $0.16 per share, compared with a loss of $2.7 million, or $0.04 per share, in the prior-year quarter. The company also declared a quarterly cash dividend of $0.10 per share, and the filing describes an increase in that dividend.
Total revenue of $187.1 million versus $156.7 million in Q2 2025; adjusted EBITDA of $35.0 million, up 125.1% year over year
GAAP net income attributable to Pangaea of $10.2 million, or $0.16 per share; non-GAAP adjusted net income of $16.9 million, or $0.26 per share
Average TCE rate of $18,153 per day, up 50% year over year; quarter-to-date booked 4,873 shipping days at an average TCE of $20,258 per day
Quarterly dividend of $0.10 per share payable September 15, 2026 to holders of record on September 1, 2026
Pangaea Logistics Solutions removed directors Eric S. Rosenfeld, David D. Sgro and Anthony Laura from its Board on June 7, 2026, under a bye-law provision that allows removal when three quarters of the other directors request a written resignation. The company said the seven-person board should be more efficient and better positioned to make timely decisions, but the filing does not describe any financial effect or successor appointments.
Directors removed on June 7, 2026: Eric S. Rosenfeld, David D. Sgro and Anthony Laura
Removal made under Section 24.1.7 of the Bye-Laws, which requires written resignation requests from at least three quarters of the other directors
Board now consists of seven directors; the filing names no replacements
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Pangaea Logistics Solutions Ltd. filing is on SEC EDGAR ↗. 8-K briefs of other companies →