Dorian LPG Ltd. Reports 2026 Annual Meeting Voting Results

What Happened
Dorian LPG Ltd. announced the results of its annual meeting held on September 10, 2026. Of 42,782,681 shares eligible to vote, 34,232,217 shares were represented (≈80% turnout). Shareholders re-elected three Class I directors (Christina Tan, Marit Lunde and Christopher J. Wiernicki) to terms ending with the 2029 annual meeting, ratified Deloitte Certified Public Accountants S.A. as auditor for fiscal 2027, approved the company’s named executive officer compensation on an advisory basis, approved a one‑year frequency for future advisory compensation votes, and approved the Second Amended and Restated 2014 Equity Incentive Plan.

Key Details

• Meeting participation: 34,232,217 shares represented out of 42,782,681 eligible (~80%).
• Directors re-elected:
  • Christina Tan — 26,079,855 For; 1,646,721 Withheld; 5,169,035 broker non-votes
  • Marit Lunde — 27,143,690 For; 582,886 Withheld; 5,169,035 broker non-votes
  • Christopher J. Wiernicki — 27,646,081 For; 80,495 Withheld; 5,169,035 broker non-votes
• Auditor ratified: Deloitte CPA S.A. — 32,833,649 For; 50,926 Against; 11,036 Abstentions.
• Compensation and plan votes:
  • Advisory approval of named executive officer compensation — 26,477,726 For; 1,131,073 Against; 117,777 Abstentions; 5,169,035 broker non-votes
  • Advisory vote on frequency — One year: 21,052,613; Two years: 3,935,131; Three years: 2,683,550; Abstentions: 55,282
  • Second Amended & Restated 2014 Equity Incentive Plan approved — 17,099,624 For; 10,536,213 Against; 90,739 Abstentions; 5,169,035 broker non-votes

Why It Matters
Board continuity was maintained with the re-election of all Class I directors, which affects company governance and strategic oversight. Ratifying Deloitte as the independent auditor establishes the auditor for the fiscal year ending March 31, 2027. The advisory (non-binding) approval of executive compensation and the one‑year frequency vote signal shareholder sentiment on pay practices. Approval of the amended equity incentive plan authorizes the company to grant stock-based awards under that plan — a tool used for employee and executive compensation that can affect share count and dilution over time. Notably, sizable broker non-votes on certain items indicate many shares held by brokers were not voted on non-routine matters, which can influence outcome margins.