Genco Shipping & Trading Limited entered into a Second Amendment to its Shareholder Rights Agreement on May 1, 2026. The amendment rescinds the previous First Amendment, effectively restoring the beneficial ownership threshold for triggering the rights plan to 15%. The rights plan is designed to protect long-term shareholder value by preventing hostile takeovers or rapid accumulation of shares without a control premium. The Board of Directors maintains the authority to evaluate any acquisition proposals in the best interest of all shareholders.