Golden Ocean Group Ltd 6-K, filed Nov 12, 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 November 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 November 11, 2020, announcing that the Company appointed Lars-Christian Svensen to the position of Chief Commercial Officer of Golden Ocean Management AS effective from December 1, 2020.

Attached hereto as Exhibit 99.2 is a press release of the Company dated November 11, 2020, announcing that 275,000 share options were granted to Mr. Lars-Christian Svensen in connection with his appointment as Chief Commercial Officer of Golden Ocean Management AS.

The information contained in this Report on Form 6-K and the exhibit attached hereto, except for the commentary of Mr. Ulrik Andersen and Mr. Lars-Christian Svensen, 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.

Exhibit 99.1

GOGL – Appointment of Chief Commercial Officer

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“Golden Ocean” or the “Company“) today announced that the Company has appointed Lars-Christian Svensen to the position of Chief Commercial Officer of Golden Ocean Management AS effective from 1^st^ December 2020.

Mr. Svensen, who is based in Oslo, most recently worked for Western Bulk, an asset-light dry bulk operator, where he was responsible for South Atlantic and U.S. Gulf chartering operations.

Mr. Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS, commented: "We are extremely pleased to welcome Lars-Christian to our team.  His proven experience managing a chartering environment that leveraged digitalization, analytics and risk management aligns with Golden Ocean’s approach and will help to further our high-quality chartering operations.”

Mr. Lars-Christian Svensen commented: “I am very pleased to join Golden Ocean, one of the world’s largest owners and operators of large-sized vessels. The Company’s scale in the Capesize and Panamax segments is a strategic advantage that I hope to further in my new role.  I look forward to working with the team to advantage ongoing digitalization and efficiency projects and to contributing to the commercial performance of the fleet.”

About Golden Ocean

Golden Ocean, a leading dry bulk shipping company, owns or controls a modern fleet of 78 vessels with an average age of approximately 6 years. The Company is one of the largest publicly listed owners of Capesize vessels and has a leading position in the ice class Panamax vessel niche. Golden Ocean is listed on the NASDAQ and Oslo Stock Exchange under the symbol ‘GOGL’.

November 11, 2020

The Board of Directors

Golden Ocean Group Ltd.

Hamilton, Bermuda

For further queries, please contact:

Ulrik Andersen: Chief Executive Officer, Golden Ocean Management AS

+47 22 01 73 53

Exhibit 99.2

Golden Ocean Group Limited (“Golden Ocean” or the “Company”) hereby announces that 275,000 share options have today been granted to Mr Lars Kristian Svensen in connection with his appointment as CCO of Golden Ocean Management AS.

The share options will have a five-year term expiring December 1, 2025, and will vest equally one third over a three-year vesting period.

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

November 11, 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

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo Børs.