MDTA Board Meeting Materials

OPEN SESSION MAY 12, 2026 PAGE 2 OF 2

RATIFICATION OF ACTION TAKEN IN CLOSED SESSION

Upon motion by Member Jeffrey S. Rosen and seconded by Member Cynthia D. Penny- Ardinger, the Members unanimously ratified their approval of the settlement terms in the Matter of Grace Ocean Private Limited and Synergy Marine noting that the Attorney General’s Office will be announcing details regarding the settlement at a later time.

VOTE TO ADJOURN MEETING

There being no further business, upon motion by Member Dontae Carroll and seconded by Member Jeffrey S. Rosen, the Members unanimously voted to adjourn the meeting at 11:59 a.m.

The next MDTA Board Meeting will be held on Thursday, May 28, 2026, at 9:00 a.m. at MDTA, 2310 Broening Highway, Baltimore MD and will be livestreamed on the MDTA Board web page.

APPROVED AND CONCURRED IN:

_________________________________________ Kathryn Thomson, Chair

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