PIRAEUS, Greece, Sept. 30, 2010 (GLOBE NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEZ) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax vessels, today announced the official results of its 2010 Annual General Meeting of Shareholders, held on September 30, 2010 in Athens, Greece. The following proposals were approved by the Company's shareholders:
- Focko Nauta and Keith Bloomfield were elected to the Board of Directors, to serve until the 2013 Annual General Meeting of Shareholders;
- The Company's Amended and Restated Articles of Incorporation were amended to effect a reverse stock split of the Company's issued and outstanding common stock at a ratio of one share for every five shares outstanding; and
- The appointment of Ernst & Young (Hellas) Certified Auditors-Accountants S.A. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2010 was ratified.