On April 5, 2024, GK Investor LLC informed Genco Shipping & Trading Limited that it would only seek to elect 1 nominee, Robert M. Pons, to the Board at the 2024 annual meeting. GK Investor stated that its priority is the removal from the Board of Chairman James G. Dolphin, and it views that seeking the election of only 1 nominee will help make that priority clear to shareholders. GK Investor added that it still intends to solicit proxies in favor of the election of Robert M. Pons.

GK Investor also stated that on April 8, 2024, it filed its preliminary proxy statement in respect of the 2024 annual meeting.