Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 218

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 218
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 Vice Chairman (2004 to 2009) and then as Chairman (2009 to 2011). Mr. Gabrielides also worked for the Alexander S. Onassis Foundation from 1991 to 1999 in various posts and was a member of the Executive Committee. Mr. Gabrielides has been a member of the board of supervisors of the European Securities and Markets Authority and has been a member of the Greek Financial Intelligence Unit. Mr. Gabrielides holds LL.M. degrees from Harvard Law School and the London School of Economics, a law degree from Athens University Law School, and a B.A. in economics from the American College of Greece, Deree College.

| B. | Compensation of Directors and Senior Management |

Because we are a newly incorporated entity, we have not previously provided any compensation to our directors or senior management. Beginning in the fiscal year ending December 31, 2025, our independent non-executive directors will receive annual fees in the amount of $80,000 pro-rated for their days of service, plus reimbursement for their out-of- pocket expenses. Our non-independent directors will not receive compensation for their service as directors. We do not have any service contracts with our non-executive directors that will provide for benefits upon termination of their services. We expect to have four shore-based officers, our chief executive officer, our chief commercial officer, our chief financial officer and our general counsel and secretary. We will not pay any compensation to our officers for their services as officers. Our officers are employed and will be compensated for their services by Costamare Shipping or Costamare Services or Local Agency B and in certain cases also from CBI. For the fiscal year ending December 31, 2025, we expect CBI to pay our executive officers in the aggregate a salary of $ .

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| C. | Board Practices |

Following the spin-off, we will have five members on our board of directors. The board of directors may change the number of directors to not less than three, nor more than 15, by a vote of a majority of the entire board. All directors are expected to be elected before the completion of the spin-off. Each director shall be elected to serve a term lasting until the third succeeding annual meeting of shareholders and until his or her successor shall have been duly elected and qualified, except (i) in the event of death, resignation or removal and (ii) the initial terms of office of persons serving as Class I, Class II and Class III directors at the