When contacted by TradeWinds a spokesman said the New York-quoted tanker owner, whose shares slid 3.53% in the hour leading up to the closing bell, had no immediate plans to publicly address a securities filing linked to the surprise departure of G Allen Andreas III.
As we reported earlier in the day, OSG filed a letter with securities regulators in which Andreas said he was stepping down after eight years due to a “disagreement with the board as to the process the board is taking in reviewing a tax issue.”
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