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Castor Maritime Inc. Financial Report: Governance Update & New Audit Committee Chair

$CTRM
Form 6-K
Filed on: 2025-02-14
Source
Castor Maritime Inc. Financial Report: Governance Update & New Audit Committee Chair

Here are the key insights extracted from the financial report (Form 6-K) for Castor Maritime Inc.:

  1. Company Information:
  • Name: Castor Maritime Inc.
  • Address: 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus.
  • Commission File Number: 001-38802.
  • Report Date: February 14, 2025.
  1. Corporate Governance Changes:
  • Appointment: Mr. Angelos Rounick Platanias has been appointed as a Class A Director and Chairman of the Audit Committee.
  • Reason for Appointment: He fills the position left vacant by Mr. Georgios Daskalakis, who resigned to pursue other opportunities. Mr. Daskalakis was a founding member of the Board since September 2017 and served as Chairman of the Audit Committee.
  1. Mr. Rounick Platanias' Background:
  • He also serves as a non-executive director, Secretary, and a member of the Audit Committee of Toro Corp. (NASDAQ: TORO), controlled by Mr. Petros Panagiotidis, the Chairman and CEO of Castor Maritime.
  1. Regulatory Filing:
  • The information in this Form 6-K is incorporated by reference into the Company's registration statements on Form F-3 (File Nos. 333-236331, 333-240262, and 333-254977).
  1. Signatory:
  • The report is signed by Petros Panagiotidis, who is serving as the Chairman, Chief Executive Officer, and Chief Financial Officer of Castor Maritime.

Summary:

The key update in this Form 6-K revolves around a significant change in the board of directors with the appointment of Mr. Angelos Rounick Platanias, reflecting ongoing corporate governance adjustments within Castor Maritime Inc. This report is pertinent for investors and stakeholders monitoring company leadership and compliance with SEC regulations.