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

NAVIOS MARITIME ACQUISITION CORPORATION

85 Akti Miaouli Street
Piraeus, Greece 185 38
(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:

þ Form 20-F       o 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): o

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): o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: o Yes            No þ

 

 

Information Contained in this Report on Form 6-K

     Attached hereto is a copy of the Notice of 2009 Annual Meeting of Stockholders and Proxy Statement of Navios Maritime Acquisition Corporation dated October 30, 2009 for the 2009 Annual Meeting of Stockholders to be held on December 17, 2009.

 

October 30, 2009

 

Dear Stockholder,

 

We cordially invite you to attend our 2009 annual meeting of stockholders to be held at 11:00 a.m. on Thursday, December 17, 2009, at the offices of Navios Shipmanagement Inc., Akti Miaouli 85, 6^th Floor, Piraeus, Greece. The attached notice of annual meeting and proxy statement describe the business we will conduct at the meeting and provide information about Navios Maritime Acquisition Corporation that you should consider when you vote.

 

When you have finished reading the proxy statement, please promptly vote your interests by marking, signing, dating and returning the proxy card in the enclosed envelope. We encourage you to vote by proxy so that your interests will be represented and voted at the meeting, whether or not you can attend.

 

Sincerely,

 

 

Angeliki Frangou
Chairman and Chief Executive Officer

 

NAVIOS MARITIME ACQUISITION CORPORATION
NOTICE OF 2009 ANNUAL MEETING OF STOCKHOLDERS

 

October 30, 2009

 

TIME: 11:00 a.m.

 

DATE: December 17, 2009

 

PLACE: Offices of Navios Shipmanagement Inc., Akti Miaouli 85, 6^th Floor, Piraeus, Greece

 

PURPOSES:

 

 

WHO MAY VOTE:

 

You may vote if you were the record owner of Navios Maritime Acquisition Corporation stock at the close of business on October 28, 2009. A list of stockholders of record will be available at the meeting and, during the 10 days prior to the meeting, at the office of the Secretary at the above address.

 

BY ORDER OF THE BOARD OF DIRECTORS

 

Vasiliki Papaefthymiou
Secretary

 

NAVIOS MARITIME ACQUISITION CORPORATION
85 Akti Miaouli Street
Piraeus, Greece 185 38
(011) 30 210-459-5000

 

 

 

 

PROXY STATEMENT FOR
NAVIOS MARITIME ACQUISITION CORPORATION

 

 

 

 

2009 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON DECEMBER 17, 2009

 

 

 

 

GENERAL INFORMATION ABOUT THE ANNUAL MEETING

 

Why Did You Send Me this Proxy Statement?

 

We sent you this proxy statement and the enclosed proxy card because Navios Maritime Acquisition Corporation’s Board of Directors is soliciting your proxy to vote at the 2009 annual meeting of stockholders and any adjournments of the meeting to be held at 11:00 a.m. on Thursday, December 17, 2009, at the offices of Navios Shipmanagement Inc., Akti Miaouli 85, 6^th Floor, Piraeus, Greece. This proxy statement along with the accompanying Notice of Annual Meeting of Stockholders summarizes the purposes of the meeting and the information you need to know to vote at the annual meeting.

 

On October 30, 2009, we began sending this proxy statement, the attached notice of annual meeting and the enclosed proxy card to all stockholders entitled to vote at the meeting, which include the holders of our common stock, including by virtue of the ownership of our units. You can find a copy of our 2008 Annual Report on Form 20-F on the Internet through the link titled “Navios Maritime Acquisition Corporation” on our sponsor’s website at www.navios.com or the Securities and Exchange Commission’s electronic data system called EDGAR at www.sec.gov.

 

Who Can Vote?

 

Only stockholders who owned Navios Maritime Acquisition Corporation common stock or units at the close of business on October 28, 2009 are entitled to vote at the annual meeting. On this record date, there were 31,625,000 shares of Navios Maritime Acquisition Corporation common stock outstanding and entitled to vote (which amount includes 370,435 shares of Navios Maritime Acquisition Corporation common stock underlying the outstanding units). Navios Maritime Acquisition Corporation common stock is our only class of voting stock and the holders of our units are also entitled to vote since the units include a share of our common stock. The shares of common stock and units are listed on the New York Stock Exchange under the symbol “NNA” and “NNA.U,” respectively.

 

You do not need to attend the annual meeting to vote your shares. Shares represented by valid proxies, received in time for the meeting and not revoked prior to the meeting, will be voted at the meeting. A stockholder may revoke a proxy before the proxy is voted by delivering to our Secretary a signed statement of revocation or a duly executed proxy card bearing a later date. Any stockholder who has executed a proxy card but attends the meeting in person may revoke the proxy and vote at the meeting.

 

How Many Votes Do I Have?

 

Each share of Navios Maritime Acquisition Corporation common stock or unit that you own entitles you to one vote.

 

How Do I Vote?

 

Whether you plan to attend the annual meeting or not, we urge you to vote by proxy. Voting by proxy will not affect your right to attend the annual meeting. If your shares are registered directly in your name through our stock transfer agent, Continental Stock Transfer & Trust Company, or you have stock certificates, you may vote:

 

 

If your shares are held in “street name” (held in the name of a bank, broker or other nominee), you must provide the bank, broker or other nominee with instructions on how to vote your shares and can do so as follows:

 

 

How Does the Board of Directors Recommend That I Vote on the Proposals?

 

The board of directors recommends that you vote as follows:

 

 

If any other matter is presented, the proxy card provides that your shares will be voted by the proxy holder listed on the proxy card in accordance with his or her best judgment. At the time this proxy statement was printed, we knew of no matters that needed to be acted on at the annual meeting, other than those discussed in this proxy statement.

 

May I Revoke My Proxy?

 

If you give us your proxy, you may revoke it at any time before the meeting. You may revoke your proxy in any one of the following ways:

 

 

What Vote is Required to Approve Each Proposal and How are Votes Counted?

 

 

What Constitutes a Quorum for the Meeting?

 

The presence, in person or by proxy, of the holders of no less than a majority of the outstanding shares of our common stock, including those shares of common stock that are part of our units, is necessary to constitute a quorum at the meeting. Votes of stockholders of record who are present at the meeting in person or by proxy, abstentions, and broker non-votes are counted for purposes of determining whether a quorum exists.

 

ELECTION OF DIRECTORS

 

(Notice Item 1)

 

Our Board of Directors is comprised of five directors and is divided into three classes. As provided in our Amended and Restated Articles of Incorporation, each director is elected to serve for a three-year term and until such director’s successor is duly elected and qualified, except in the event of such director’s death, resignation, removal or earlier termination of such director’s term of office. The term of the two Class A directors expires at the annual meeting. Accordingly, the Board of Directors has nominated Julian David Brynteson and John Koilalous, each of whom is a Class A director, for election as directors whose term would expire at our 2012 Annual Meeting of Stockholders.

 

Unless the proxy is marked to indicate that such authorization is expressly withheld, the persons named in the enclosed proxy intend to vote the shares authorized thereby FOR the election of the following two nominees. It is expected that each of these nominees will be able to serve, but if before the election it develops that any of the nominees is unavailable, the persons named in the accompanying proxy will vote for the election of such substitute nominee or nominees as the current Board of Directors may recommend.

 

Nominees for Election as Class A Directors to the Board of Directors

 

Information concerning the nominees for the Class A directors is set forth below:

 

 

Julian David Brynteson has been a member of our Board of Directors since June 2008. Since November 2006, Mr. Brynteson has been a managing director for sales and purchases at H. Clarkson & Company Ltd., a wholly-owned subsidiary of London Stock Exchange-listed, leading worldwide shipbroker Clarkson PLC. Mr. Brynteson was a member of the board of directors of International Shipping Enterprises, Inc., now Navios Maritime Holdings Inc., from September 2004 until October 2005. From March 1987 to November 2006, Mr. Brynteson was employed in various capacities with Braemar Seascope Ltd. (the surviving entity following the merger between Seascope Shipping Ltd. and Braemar Shipbrokers Ltd.), a London Stock Exchange-listed shipbroker, becoming a director in the sales and purchase department in 2001.

 

John Koilalous has been a member of our board of directors since June 2008. Mr. Koilalous began his career in the shipping industry in the City of London in 1949, having worked for various firms both in London and Piraeus. He entered the adjusting profession in 1969, having worked for Francis and Arnold for some 18 years and then with Pegasus Adjusting Services Ltd., of which he was the founder and, until his retirement at the end of 2008, the managing director. He still remains active in an advisory capacity on matters of marine insurance claims.

 

THE BOARD OF DIRECTORS RECOMMENDS THE ELECTION OF JULIAN DAVID BRYNTESON AND JOHN KOILALOUS AS CLASS A DIRECTORS, AND PROXIES SOLICITED BY THE BOARD WILL BE VOTED IN FAVOR THEREOF UNLESS A STOCKHOLDER HAS INDICATED OTHERWISE ON THE PROXY.

 

INDEPENDENT PUBLIC ACCOUNTANTS

 

(Notice Item 2)

 

The Board of Directors is submitting for approval the appointment of Rothstein, Kass & Company, P.C., independent public accountants, as our independent auditors for the fiscal year ending December 31, 2009. The Board of Directors proposes that the stockholders ratify this appointment. Rothstein, Kass & Company, P.C. audited our financial statements for the fiscal year ended December 31, 2008.

 

Rothstein, Kass & Company, P.C. has advised us that it does not have any direct or indirect financial interest in us, nor has it had any such interest in connection with us since its inception other than in its capacity as our independent auditors.

 

All services rendered by the independent auditors are subject to review by the Audit Committee of our Board of Directors.

 

In the event the stockholders do not ratify the appointment of Rothstein, Kass & Company, P.C. as our independent public accountants, the Audit Committee will reconsider its appointment.

 

The affirmative vote of a majority of the shares present or represented and entitled to vote at the annual meeting is required to ratify the appointment of the independent public accountants.

 

THE BOARD OF DIRECTORS RECOMMENDS A VOTE TO RATIFY THE APPOINTMENT OF ROTHSTEIN, KASS & COMPANY, P.C. AS INDEPENDENT PUBLIC ACCOUNTANTS, AND PROXIES SOLICITED BY THE BOARD WILL BE VOTED IN FAVOR OF SUCH RATIFICATION UNLESS A STOCKHOLDER INDICATES OTHERWISE ON THE PROXY.

 

SOLICITATION

 

The cost of preparing and soliciting proxies will be borne by us. Solicitation on behalf of the Board of Directors will be made primarily by mail, but stockholders may be solicited by telephone, e-mail, other electronic means, or personal contact. Copies of materials for the Annual Meeting will be supplied to brokers, dealers, banks and voting trustees, or their nominees, for the purpose of soliciting proxies from beneficial owners.

 

OTHER MATTERS

 

The Board of Directors knows of no other business which will be presented to the Annual Meeting. If any other business is properly brought before the Annual Meeting, proxies in the enclosed form will be voted in accordance with the judgment of the persons voting the proxies.

 

BY ORDER OF THE BOARD OF DIRECTORS

 

Vasiliki Papaefthymiou
Secretary

 

October 30, 2009

NAVIOS MARITIME ACQUISITION CORPORATION
PROXY FOR ANNUAL MEETING OF STOCKHOLDERS DECEMBER 17, 2009
NAVIOS MARITIME ACQUISITION CORPORATION’S BOARD OF DIRECTORS SOLICITS THIS PROXY

     The undersigned, revoking any previous proxies relating to these shares, hereby acknowledges receipt of the Notice and Proxy Statement dated October 30, 2009 in connection with the Annual Meeting of Stockholders to be held at 11:00 a.m. on Thursday, December 17, 2009 at the offices of Navios Shipmanagement Inc., Akti Miaouli 85, 6^th Floor, Piraeus, Greece and hereby appoints Angeliki Frangou and Vasiliki Papaefthymiou, and each of them (with full power to act alone), the attorneys and proxies of the undersigned, with power of substitution to each, to vote all shares of the Common Stock of Navios Maritime Acquisition Corporation Inc. registered in the name provided in this Proxy which the undersigned is entitled to vote at the 2009 Annual Meeting of Stockholders, and at any adjournments of the meeting, with all the powers the undersigned would have if personally present at the meeting. Without limiting the general authorization given by this Proxy, the proxies are, and each of them is, instructed to vote or act as follows on the proposals set forth in the Proxy.

     This Proxy when executed will be voted in the manner directed herein. If no direction is made this Proxy will be voted FOR the election of Directors, FOR Proposal 2 and FOR Proposal 3.

     In their discretion the proxies are authorized to vote upon such other matters as may properly come before the meeting or any adjournments of the meeting.

     If you wish to vote in accordance with the Board of Directors’ recommendations, just sign on the reverse side. You need not mark any boxes.

1.

Election of Class A Directors (or if any nominee is not available for election, such substitute as the Board of Directors may designate):

     Proposal to elect Julian David Brynteson and John Koilalous as Class A Directors of the Company, whose terms will expire in 2012.

		FOR		WITHHOLD VOTE				FOR		WITHHOLD VOTE
Julian David Brynteson		o		o		John Koilalous		o		o

(CONTINUED AND TO BE SIGNED ON REVERSE SIDE)

2.

Proposal to ratify the appointment of Rothstein, Kass & Company, P.C. as the Company’s independent public accountants for the fiscal year ending December 31, 2009.

FOR		AGAINST		ABSTAIN
o		o		o

þ Please mark votes as in this example.

     The Board of Directors recommends a vote FOR Proposals 1 and 2.

PLEASE CAST YOUR VOTE AS SOON AS POSSIBLE

Signatures

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