Corporate GovernanceJul 30, 2026, 04:14 PM
Dorian LPG Amends Executive Severance and Change in Control Plan
AI Summary
Dorian LPG Ltd. announced that its Board of Directors approved an Amended and Restated Executive Severance and Change in Control Severance Plan, effective July 24, 2026. The amendment primarily revises the definition of 'Change in Control' to remove certain carve-outs that are no longer appropriate given the company's current shareholders. This updated definition is intended to align with the 'Change in Control' definition found in the company's 2014 Equity Incentive Plan.
Key Highlights
- Dorian LPG's Board of Directors approved an Amended and Restated Executive Severance and Change in Control Severance Plan.
- The amendment revises the definition of 'Change in Control' by removing certain inappropriate carve-outs.
- The revised definition aligns with the 'Change in Control' definition in the Company's Second Amended and Restated 2014 Equity Incentive Plan.
- The Severance Plan became effective on July 24, 2026.
Price Impact
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