In a filing issued after the close the Nasdaq-quoted owner confirmed that its long-time chief executive recently handed in his notice.

Eagle pointed out that Zoullas believes there is “good reason” to leave, however, which means its board has a month to address his concerns and determine whether this is indeed the case.

“Pursuant to the terms of the Employment Agreement, Eagle Bulk has 30 days to cure any event or circumstance that would constitute Good Reason for termination,” it said.

While