Pangaea Logistics Solutions Ltd. filed a Form 8-K on November 9, 2026, disclosing that Richard T. du Moulin, Chair of the Board of Directors, notified the Board on November 3, 2026, of his decision to retire effective December 31, 2026.

Key Highlights

  • Retirement notice date: Richard T. du Moulin notified the Board of his retirement decision on November 3, 2026.
  • Effective date: His retirement from the Board is effective December 31, 2026.
  • Role held: du Moulin serves as Chair of the Board of Directors of Pangaea Logistics Solutions Ltd.
  • Tenure: According to the filing, du Moulin has served as a director since Pangaea's IPO in 2014, with an affiliation with the company dating back more than 25 years.
  • Statement from Lead Independent Director: Claus Boggild, one of the Company's founders and Lead Independent Director, was quoted in the filing regarding du Moulin's departure.

Richard du Moulin's Departure from Pangaea Logistics Board

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL), incorporated in Bermuda and headquartered in Newport, Rhode Island, disclosed through an 8-K filing that Richard T. du Moulin informed the Board of his intention to retire. The event reported occurred on November 3, 2026, and the filing was submitted to the SEC on November 9, 2026, under Item 5.02, covering the departure of directors or certain officers.

According to the filing, du Moulin has served as a director since Pangaea's initial public offering in 2014, and his affiliation with the company extends back more than 25 years. The filing notes that the Board "greatly appreciates Mr. du Moulin's many contributions to the Company during his tenure on the Board." Claus Boggild, identified in the filing as one of the Company's founders and Lead Independent Director, was quoted as saying: "It has been a privilege and a pleasure to benefit from Mr. du Moulin's vast knowledge, forethought and integrity throughout this time. He will be missed."

The filing does not name a successor to the Board Chair role or indicate whether a replacement director will be appointed. The 8-K was signed by Gianni Del Signore, Chief Financial Officer of Pangaea Logistics Solutions Ltd., on behalf of the registrant.

What Was Disclosed

Pangaea Logistics Solutions filed an 8-K reporting that Board Chair Richard T. du Moulin notified the company of his retirement effective December 31, 2026. The filing included a statement from Lead Independent Director Claus Boggild and noted du Moulin's more than 25-year affiliation with the company.