Dorian LPG (LPG) Proxy Filing summary

Executive summary

• The 2024 Annual Meeting will be held on September 20, 2024, to re-elect three directors, ratify Deloitte as auditor, and approve executive compensation on an advisory basis.

• Shareholders can vote via Internet, phone, mail, or in person, with a record date of July 22, 2024.

• The company reported $560.7 million in revenue, $307.4 million net income, and $417.4 million adjusted EBITDA for fiscal 2024.

• Four irregular dividends totaling $162.2 million were paid, and total shareholder return reached 171.4%.

Voting matters and shareholder proposals

• Proposals include re-election of Øivind Lorentzen, Ted Kalborg, and John C. Lycouris as directors until 2027, ratification of Deloitte as auditor, and advisory approval of executive compensation.

• Only the auditor ratification is considered a routine matter; broker non-votes may occur for other proposals.

• Shareholder proposals for the 2025 meeting must be received by July 22, 2025.

Board of directors and corporate governance

• The board consists of seven directors divided into three classes, with a majority deemed independent under NYSE standards.

• Board committees include Audit, Compensation, and Nominating and Corporate Governance, all with independent members.

• The board combines the roles of CEO and Chairman, with a lead independent director presiding over executive sessions.

• Directors are compensated primarily through equity awards, with additional compensation for committee chairs and members.