SFL Corporation AGM Approves US$800K Board Fees, Re-Elects Directors; Rejects Preference Shares
SFL Corporation’s shareholders re-elected seven directors, authorized up to eight board seats, and approved board and auditor remuneration including up to US$800,000 in total director fees for fiscal 2026. Investors rejected a proposal to convert unissued common shares into preference shares and grant the Board discretion to set their terms.
1. AGM Held and Financial Statements Presented
On May 11, 2026, SFL Corporation held its Annual General Meeting at its Bermuda headquarters, where it presented its audited consolidated financial statements for the year ended December 31, 2025.
2. Board Composition and Director Re-Elections
Shareholders approved a resolution to set the maximum number of directors at eight, authorized the board to fill casual vacancies, and re-elected Gary Vogel, Keesjan Cordia, James O’Shaughnessy, Ole Hjertaker, Kathrine Fredriksen, Will Homan-Russell, and Jan Erik Klepsland.
3. Remuneration and Auditor Appointment
The meeting approved total board director fees not to exceed US$800,000 for the year ending December 31, 2026, and re-appointed Ernst & Young AS as external auditors, granting the directors authority to determine their remuneration.
4. Rejection of Preference Shares Proposal
A majority of shareholders voted against redesignating a portion of the company’s unissued common shares as preference shares and against granting the board authority to set the terms of these shares.