8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 10, 2012

Eagle Bulk Shipping Inc.
(Exact name of registrant as specified in its charter)
Republic of the Marshall Islands	001-33831	98-0453513
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS employer identification no.)
477 Madison Avenue New York, New York		10022
(Address of principal executive offices)		(Zip Code)

(Registrant's telephone number, including area code):(212) 785-2500

(Former Name or Former Address, if Changed Since Last Report): None

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The Company's Board of Directors appointed Adir Katzav as Chief Financial Officer of the Company, effective July 10, 2012 upon the resignation of Mr. Ginsberg.  Alan S. Ginsberg, gave notice of his decision to resign from his position as Chief Financial Officer of Eagle Bulk Shipping Inc. (the "Company") in order to pursue other professional interests.  Mr. Ginsberg has agreed to remain employed by the Company through mid-August 2012 in order to ensure an orderly transition of his responsibilities.

Mr. Katzav, age 42, also succeeds Mr. Ginsberg as the Company's principal financial officer and principal accounting officer.

Mr. Katzav joined the Company in 2008 as Director of Financial Reporting.  Prior to joining the Company, Mr. Katzav was employed at PricewaterhouseCoopers LLP, for which he served as Senior Audit Manager in addition to other roles, for a total of five years.  Mr. Katzav earned a Bachelor's Degree in Statistics and Operations Research and Accounting.

Mr. Katzav did not enter into any agreements or arrangements with the Company in connection with his appointment to Chief Financial Officer.

Item 8.01          Other Events

On July 11, 2012, the Company issued a press release announcing the matters discussed in Item 5.02 to this Report on Form 8-K.  A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.         Financial Statements and Exhibits.

(d)  Exhibit

Exhibit Number       Document

99.1           Press Release of the Company dated July 11, 2012

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 hereunto duly authorized.

	EAGLE BULK SHIPPING INC. (registrant)
	By:	/s/ Sophocles N. Zoullas
Dated: July 16, 2012		Name:  Sophocles N. Zoullas Title:    Chief Executive Officer

EX-99.1

EX-99.1

EAGLE BULK SHIPPING INC. ANNOUNCES CHIEF FINANCIAL OFFICER TRANSITION

NEW YORK, NY, July 10, 2012-- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (the “Company”) today announced that Adir Katzav, formerly Director of Financial Reporting, has been promoted to Chief Financial Officer. Mr. Katzav succeeds Mr. Alan S. Ginsberg, who has advised the Company of his decision to pursue other professional interests. To facilitate an orderly transition, Mr. Ginsberg has agreed to oversee a transition of his responsibilities through mid-August of this year.

Sophocles N. Zoullas, Eagle Bulk’s Chairman and Chief Executive Officer, commented, “On behalf of Eagle Bulk Shipping's Board of Directors, I would like to thank Alan for his dedication, commitment and leadership over the years.  His contributions have spanned our initial public offering through some of the most challenging shipping markets in a generation.  We congratulate Alan, and extend our best wishes for his future endeavors.”

Mr. Zoullas added, “Adir brings both technical expertise and a strategic skill set to his expanded responsibilities, as was underscored by his direct involvement in our recently-concluded, successful syndicate agreement.  I have seen first-hand the leadership, finance and accounting experience he possesses, and look forward to working with him in his new, expanded role.”

“It has been a privilege to serve Eagle Bulk during the last 7 years,” Mr. Ginsberg added.  “I leave the Eagle Bulk knowing that it is on stable financial ground – an accomplishment that capped a wonderful career at the Company.” 

During an 18-year career, Mr. Katzav has developed deep experience in U.S. GAAP accounting, corporate finance, and capital markets regulatory structures.   In addition to serving as Eagle Bulk's Director of Financial Reporting for the last four years, Mr. Katzav previously worked at PricewaterhouseCoopers in both the U.S. and overseas, for which he served as a Senior Audit Manager, in addition to other roles.  Mr. Katzav earned a Bachelor’s Degree in Statistics and Operations Research and Accounting.

About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in New York. The Company is a leading global owner of Supramax dry bulk vessels that range in size from 50,000 to 60,000 deadweight tons and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.

Contact

Investor Relations / Media:

Jonathan Morgan

Perry Street Communications, New York

Tel. +1 212-741-0014