ATHENS, Greece, Dec. 20, 2012 (GLOBE NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced today that, at the annual meeting of the Company, the Company's shareholders elected Xenophon Galinas to the Board of Directors for three years, approved a reverse split of the Company's issued and outstanding common stock at a ratio of up to one (1) for every twelve (12) shares outstanding and ratified the appointment of Sherb & Co., LLP as the Company's independent registered public accounting firm for the year ending December 31, 2012.
FreeSeas Announces Results Of Annual Meeting, Notice Of Delisting From Nasdaq And Intention To Appeal
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