Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 221

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 221
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 the full board of directors; and |

| • | handling such other matters that are specifically delegated to the audit committee by the board of directors from time to time. |

Corporate Governance, Nominating and Compensation Committee Upon the completion of the spin-off, our corporate governance, nominating and compensation committee will consist of Gregory Zikos, David Grant and Katerina Eleftheriou. will be the chairman of the committee. The corporate governance, nominating and compensation committee is responsible for:

| • | nominating candidates, consistent with criteria approved by the full board of directors, for the approval of the full board of directors to fill board vacancies as and when they arise, as well as putting in place plans for succession, in particular, of the chairman of the board of directors and executive officers; |

| • | selecting, or recommending that the full board of directors select, the director nominees for the next annual meeting of shareholders; |

| • | developing and recommending to the full board of directors corporate governance guidelines applicable to us and keeping such guidelines under review; |

| • | overseeing the evaluation of the board and management; and |

| • | handling such other matters that are specifically delegated to the corporate governance, nominating and compensation committee by the board of directors from time to time. |

| D. | Employees |

We 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 by and will receive compensation for their services from Costamare Shipping or Costamare Services or Local Agency B and in certain cases also from CBI. As of December 31, 2024, Costamare Shipping, Costamare Services and the Agency Companies employed, in the aggregate, approximately 260 people and approximately 800 seafarers were serving on our owned vessels. As of December 31, 2024, CBI employed approximately 40 people, of which 20 people were also employed by Costamare Shipping and/or Costamare Services. As of December 31, 2023, Costamare Shipping, Costamare Services and the Agency Companies employed, in the aggregate, approximately 250 people and

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approximately 880 seafarers were serving on our owned vessels. As of December 31, 2023, CBI employed approximately 40 people, of which 23 people were