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Golden Ocean Group Ltd 6-K, filed Sep 15, 2020

Golden Ocean Group Ltd (GOGL)

6-K 2020-09-15 For: 2020-09-30
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Added on July 01, 2026

About this 6-K

Golden Ocean Group Ltd filed this 6-K on September 15, 2020.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO

RULE 13A-16 OR 15D-16 UNDER THE SECURITIES

EXCHANGE ACT OF 1934

For the month of September 2020

Commission File Number:  000-29106

GOLDEN OCEAN GROUP LTD.

(Translation of registrant's name into English)

Par-la-Ville Place

14 Par-la-Ville Road,

Hamilton, HM 08, Bermuda

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X]     Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ________

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.


INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 99.1 is a press release of Golden Ocean Group Ltd. (the “Company”) dated September 14, 2020, announcing share options granted to the Company's new Chief Financial Officer.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's Registration Statement on Form F-3 (File No. 333-232709) filed with the U.S. Securities and Exchange Commission with an effective date of July 26, 2019.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GOLDEN OCEAN GROUP LTD.
By:  /s/ Peder Simonsen
Date: September 15, 2020 Name:  Peder Simonsen
Title:    Principal Financial Officer

Exhibit 99.1

ExhGOGL – Grant of stock options

Golden Ocean Group Limited (“Golden Ocean” or the “Company”) hereby announces that 275,000 share options have today been granted to Mr Peder Simonsen in connection with his appointment as CFO of Golden Ocean Management AS. The share options will have a five-year term expiring September 4, 2025, and will vest equally one third over a three-year vesting period.

• 75,000 of the share options will vest on September 4, 2021 with an exercise price of NOK 32.- each
• 75,000 of the share options will vest on September 4, 2022 with an exercise price of NOK 48.- each
--- --- ---
• 125,000 of the share options will vest on September 4, 2023, with an exercise price of NOK 64.- each
--- --- ---

The exercise price will be adjusted for any distribution of dividends made before the relevant options are exercised.

September 14, 2020

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

For further queries, please contact:

Ulrik Uhrenfeldt Andersen: CEO, Golden Ocean Management AS

+47 22 01 73 53