Dorian LPG declares $1.00/share irregular dividend, appoints Mark Ross to board, provides preliminary Q2 outlook

DORIAN LPG LTD.

Declared irregular cash dividend of $1.00 per share, returning ~$42.8M, payable Nov 25, 2024 to holders of record Nov 5, 2024.
Board increased to eight directors; appointed Mark Ross (former president of Chevron Shipping) as Class III director, effective immediately.
Preliminary Q2 2025 TCE revenues guided $80.7–82.7M; cash $347.6–349.6M; long-term debt $582.7–584.7M.
Full Q2 results and earnings call scheduled for Oct 31, 2024 at 10:00 a.m. ET.

item 5.02 item 2.02 item 7.01 item 9.01

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Appointed

Mark Ross

Class III director

LPG · DORIAN LPG LTD.

Effective: 2024-10-23
Filed: October 24, 2024, 7:59 PM ET

the board of directors (the “Board”) of the Company, on the recommendation of its Nominating and Corporate Governance Committee, unanimously authorized the increase in the size of the Board from seven to eight directors, and, to fill the resulting vacancy, appointed Mark Ross to serve as a Class III director, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Ross was appointed as Class III director at DORIAN LPG LTD..

Action: appointed
Role: Class III director

Exact text from the filing

the board of directors (the “Board”) of the Company, on the recommendation of its Nominating and Corporate Governance Committee, unanimously authorized the increase in the size of the Board from seven to eight directors, and, to fill the resulting vacancy, appointed Mark Ross to serve as a Class III director, effective immediately.

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DORIAN LPG LTD. filing history →

Source: SEC EDGAR

accession 0001596993-24-000053

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