Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 24, 2026, the Board of Directors of Dorian LPG Ltd.…
Dorian LPG is a leading owner and operator of modern VLGCs that transport liquefied petroleum gas globally. Dorian LPG's fleet of twenty-two modern VLGCs currently includes five dual-fuel ECO VLGCs, sixteen ECO VLGCs, and one modern VLGC. Its business is centered around safe, reliable, clean and trouble-free transportation for its customers. Dorian LPG has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece. For more information visit www.dorianlpg.com.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 24, 2026, the Board of Directors of Dorian LPG Ltd. (the “Company”), upon the approval and recommendation of the Company’s compensation committee, approved and adopted the Company’s Amended and Restated Executive Severance and Change in Control Severance Plan (the “Severance Plan”). The Severance Plan was amended to revise the definition of “Change in Control” to remove certain carve-outs to such definition that are no longer appropriate in view of the Company’s current shareholders. This definition is intended to be aligned with the definition of “Change in Control” contained in the Company’s Second Amended and Restated 2014 Equity Incentive Plan.
The foregoing description is qualified in its entirety by reference to the full text of the Severance Plan, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.