Welcome to the 2026 Annual Meeting of Diana Shipping Inc.'s Shareholders. I would now like to introduce the first presenter, Semiramis Paliou, Executive Officer of the company. Thank you. Welcome to the 2026 Annual General Meeting of the Shareholders of Diana Shipping Inc. This meeting is being held pursuant to a notice of Annual Meeting duly sent to the company's shareholders on or about April 22nd, 2026. My name is Semiramis Paliou. I am the Chief Executive Officer of the company and have been designated by the Board of Directors of the company to act as Chairperson of the meeting. The notice of Annual Meeting and the proxy statement list the matters that will be considered today. These items are, first, the election of three Class III Directors. Secondly, the approval of the appointment of the company's independent auditors for the fiscal year ending December 31st, 2026. Thirdly, any other business properly raised before or after the meeting. I have asked Ms. Jenny Elberg of Seward & Kissel LLP to act as Secretary of the meeting and to record all resolutions adopted at the meeting. I have also asked a representative of Broadridge Financial Solutions Inc. to act as Inspector and to tabulate the votes cast at the meeting, which votes will be relayed to the Inspector by the Secretary. Broadridge Financial Solutions Inc. will consider and decide all challenges to ballots and proxies. First, we will determine whether a quorum is present. The company's amended and restated bylaws require that a quorum of shareholders for a meeting consists of at least 33 and 1/3% of the shares issued and outstanding and entitled to vote at such meetings present either in person or by proxy. Ms. Elberg, is there a quorum present? There are present in person or represented by proxy the holders of 55,344,707 shares entitled to vote at the meeting out of a total of 123,552,747 outstanding shares. There are present in person or represented by proxy the holders of 90,641,032 votes eligible to vote at the meeting out of a total of 158,849,072 votes outstanding on the record date. Accordingly, a quorum is present. A quorum is present. Therefore, I declare the meeting in order. The Secretary of the meeting is directed to file the proxies with the records of the company. We now turn to the election of the Directors of the company. The company has 11 Directors on the Board of Directors, which is divided into three classes. Three Directors serving as Class III Directors have terms expiring today. The company's amended and restated articles of incorporation state that directors are elected by a plurality of shareholder votes cast at the meeting. The Board of Directors have nominated the Class III Directors currently serving on the Board of Directors, consisting of Ms. Semiramis Paliou, Mr. Ioannis Zafirakis, and Mr. Apostolos Kontoyiannis for re-election, each to serve for a three-year term until the 2029 Annual Meeting of Shareholders of the Company and until their successors are elected and qualified, or until their earlier death, resignation, retirement, disqualification, or removal. Nominations are open for Directors. Are there any other nominations? There being no other nominees, the nominations are declared closed. Is there any discussion? The discussion is now closed. If there are shareholders voting, please cast your ballots at this time in accordance with the virtual meeting procedures. We now turn to the next item on the agenda, which is the approval of the appointment of Deloitte Certified Public Accountants S.A. As the independent auditors of the company for the fiscal year ending December 31st, 2026. I submit for approval Deloitte Certified Public Accountants S.A. as the company's auditors for the fiscal year ending December 31st, 2026. Is there any discussion? The discussion is now closed. If there are shareholders voting, please cast your ballots at this time in accordance with the virtual meeting procedures. We now turn to the next item on the agenda, which is any other properly raised business. Is there any such business to discuss? The discussion is now closed. There are no other items on the agenda. May I hear a motion to adjourn the meeting, subject to receipt of the record of the inspector? So moved. There will be no discussion on this motion. All in favor, say aye. All against, say nay. Aye. The motion having been heard, the polls are now closed, and no further ballots will be accepted. The meeting is now adjourned pending receipt of the reports on the votes at the meeting. Broadridge Financial Solutions Inc. will act as Inspector of the election and will tabulate ballots. The Annual General Meeting for Diana Shipping Inc. has now come to an end. Thank you for attending. You may now disconnect.
Loading workspace