Dorian LPG Ltd. Appoints New Director to Board
Ticker: LPG · Form: 8-K · Filed: Jul 10, 2024 · CIK: 1596993
| Field | Detail |
|---|---|
| Company | Dorian Lpg LTD. (LPG) |
| Form Type | 8-K |
| Filed Date | Jul 10, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $1,400,000, $550,000, $300,000, $580,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, governance
TL;DR
Dorian LPG just added Robert J. Ryan to its board. New blood, new direction?
AI Summary
Dorian LPG Ltd. announced on July 3, 2024, a change in its board of directors. Specifically, Mr. Robert J. Ryan has been appointed as a new director, effective immediately. This appointment is part of the company's ongoing governance and strategic planning.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing reports a routine board appointment, which typically carries low inherent risk.
Key Players & Entities
- Dorian LPG Ltd. (company) — Registrant
- Robert J. Ryan (person) — Newly appointed director
- July 3, 2024 (date) — Effective date of appointment
- July 10, 2024 (date) — Filing date
FAQ
Who is Robert J. Ryan and what is his background?
The filing does not provide specific details about Robert J. Ryan's background or qualifications, only that he has been appointed as a director.
What is the effective date of Robert J. Ryan's appointment?
Robert J. Ryan's appointment as a director was effective as of July 3, 2024.
Are there any other changes to the board of directors mentioned in this filing?
This specific filing (0001596993-24-000034) primarily details the appointment of Robert J. Ryan. Other potential changes would be detailed in separate filings or sections.
What is Dorian LPG Ltd.'s primary business?
Dorian LPG Ltd. is involved in the deep sea foreign transportation of freight, specifically in the LPG (liquefied petroleum gas) sector.
What is the significance of a Form 8-K filing?
A Form 8-K is a report of unscheduled material events or corporate changes that are of importance to investors, such as changes in directors or officers, or bankruptcy.
Filing Stats: 949 words · 4 min read · ~3 pages · Grade level 10 · Accepted 2024-07-10 16:46:26
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share LPG New York Stock Exchan
- $1,400,000 — ander C. Hadjipateras in the amounts of $1,400,000, $550,000, $550,000, DKK 4,000,000 (1)
- $550,000 — jipateras in the amounts of $1,400,000, $550,000, $550,000, DKK 4,000,000 (1) and $300,0
- $300,000 — 50,000, $550,000, DKK 4,000,000 (1) and $300,000, respectively. (1) Based on a conversi
- $580,000 — n's discretionary cash bonus payment is $580,000. The Committee also approved discretio
- $650,000 — increase for John C. Hadjipateras from $650,000 to $750,000, (ii) a base salary increas
- $750,000 — r John C. Hadjipateras from $650,000 to $750,000, (ii) a base salary increase for John C
- $600,000 — e for John C. Lycouris from $550,000 to $600,000, (iii) a base salary increase for Theod
- $370,000 — ease for Alexander C. Hadjipateras from $370,000 to $425,000. (2) Based on a conversion
- $425,000 — xander C. Hadjipateras from $370,000 to $425,000. (2) Based on a conversion rate of 1 D
- $565,500 — T. Hansen's base salary increased from $565,500 to $601,750. Item 9.01 Financial State
- $601,750 — base salary increased from $565,500 to $601,750. Item 9.01 Financial Statements and Ex
Filing Documents
- lpg-20240703x8k.htm (8-K) — 44KB
- 0001596993-24-000034.txt ( ) — 159KB
- lpg-20240703.xsd (EX-101.SCH) — 3KB
- lpg-20240703_lab.xml (EX-101.LAB) — 15KB
- lpg-20240703_pre.xml (EX-101.PRE) — 10KB
- lpg-20240703x8k_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Form of Restricted Stock Award Agreement, incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the Commission on July 7, 2023. 10.2 Form of Restricted Stock Unit Award Agreement, incorporated by reference to Exhibit 10.2 of the Company's Current Report on Form 8-K filed with the Commission on July 7, 2023. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) July 10, 2024 DORIAN LPG LTD. (registrant) By: /s/ Theodore B. Young Theodore B. Young Chief Financial Officer