• Pangaea Logistics Solutions removed directors Eric S. Rosenfeld, David D. Sgro, Anthony Laura from its board on June 7, 2026.
• The three removed directors held about 2.5% of the company, directly or indirectly.
• The change increased Strategic Shipping’s influence, leaving its nominees holding three of seven remaining board seats.
• Sgro, the audit committee chair, and Laura were removed, cutting two-thirds of the audit committee membership.
• The ousted directors plan outreach on potential transactions, including a sale, and may seek a shareholder meeting for a no-confidence vote.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pangaea Logistics Solutions Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606100849PRIMZONEFULLFEED9734847) on June 10, 2026, and is solely responsible for the information contained therein.