Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 168

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 6
Chunk 168
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 succession, in particular, of the chairman of the board of directors and executive officers;                                                                 
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•   selecting, or recommending that the full board of directors select, the director nominees for the next annual meeting of stockholders;
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•   developing and recommending to the full board of directors corporate governance guidelines applicable to us and keeping such guidelines under review;
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•   overseeing the evaluation of the board and management; and
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•   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.
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D.   Employees
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For each of the years ended December 31, 2022, 2023 and 2024, we had three shore-based officers, our chairman and chief executive officer, our chief financial officer and our general counsel and secretary. We did not pay any compensation to our officers for their services as officers. Our officers were employed by and received compensation for their services from Costamare Shipping and/or Costamare Services. As of December 31, 2024, our chief financial officer and another non-independent director were also employed by and received compensation from Costamare Bulkers.
 
As of December 31, 2024, Costamare Shipping, Costamare Services, Costamare Bulkers, the Agency Companies and the Neptune Manager in aggregate employed approximately 290 shore-based employees. Approximately 2,430 seafarers were serving on our vessels. Our managers are responsible for recruiting, either directly or through manning agents, the officers and crew for our containerships and dry bulk vessels that they manage. We believe the streamlining of crewing arrangements through our managers allows all of our vessels to be crewed with experienced crews that have the qualifications and licenses required by international regulations and shipping conventions. We have not experienced any material work stoppages due to labor disagreements during the past three years. As of December 31, 2023, our chief financial officer and another non-independent director were also employed by and received compensation from Costamare Bulkers. As of December 31, 2023, Costamare Shipping, Costamare Services, Costamare Bulkers, the Agency Companies and the Neptune Manager in aggregate employed approximately 270 shore-based employees. Approximately 2,500 seafarers were serving on our vessels. As of December 31, 2022, our chief financial officer