On October 29, 2015, Monarch Alternative Capital LP announced that it sent a letter to the independent members of the Scorpio Bulkers Inc.'s board of directors in light of the Company's lack of responsiveness to the steps Monarch had outlined 3 months before, on July 28, in its previous letter to the Independent Directors. Accordingly, Monarch presented to the Independent Directors, in the letter, 2 candidates, Kurt Cellar and Jim Nish, for immediate addition to the Board and for subsequent nomination and support by the Board for election at the Company's 2016 annual general meeting.