<SEC-DOCUMENT>0000919574-20-003767.txt : 20200519
<SEC-HEADER>0000919574-20-003767.hdr.sgml : 20200519
<ACCEPTANCE-DATETIME>20200519150100
ACCESSION NUMBER:		0000919574-20-003767
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200514
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200519
DATE AS OF CHANGE:		20200519

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DORIAN LPG LTD.
		CENTRAL INDEX KEY:			0001596993
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36437
		FILM NUMBER:		20893265

	BUSINESS ADDRESS:	
		STREET 1:		27 SIGNAL ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06878
		BUSINESS PHONE:		203-978-1234

	MAIL ADDRESS:	
		STREET 1:		27 SIGNAL ROAD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06878
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8540388_8-k.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Seward & Kissel LLP
         Document created using EDGARfilings PROfile 6.4.0.0
         Copyright 1995 - 2020 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Washington, D.C. 20549</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 8-K</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Date of Report (Date of earliest event reported): <font style="font-weight: bold;">May 14, 2020</font></div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z279010f9f8804d1e8c19b808cc9eb362">

        <tr>
          <td style="width: 35%; vertical-align: bottom;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 35%; vertical-align: bottom;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">DORIAN LPG LTD.</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" style="vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">(Exact name of registrant as specified in its charter)</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 35%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Republic of the Marshall Islands</div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">001-36437</div>
          </td>
          <td style="width: 35%; vertical-align: bottom;">
            <div style="background-color: #FFFFFF;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">66-0818228</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">(State or other jurisdiction of incorporation or organization)</div>
          </td>
          <td style="width: 30%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">(Commission File Number)</div>
          </td>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">(IRS employer identification no.)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 30%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 35%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">c/o Dorian LPG (USA) LLC, 27 Signal Road, Stamford, Connecticut</div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 35%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">06902</div>
          </td>
        </tr>
        <tr>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 30%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 35%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-style: italic;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Registrant's telephone number, including area code):<font style="font-style: italic;">&#160;</font>(203) 674-9900</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Former Name or Former Address, if Changed Since Last Report): None</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;"> <br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">
      <div style="text-align: left; font-family: 'Times New Roman', Times, serif;">Securities registered pursuant to Section 12(b) of the Act:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z5a2b968822124d56b6ff6abe60836aee" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 25.94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div>Title of each class</div>
            </td>
            <td style="width: 25.08%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
              <div>Trading Symbol(s)</div>
            </td>
            <td style="width: 48.98%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div>Name of each exchange on which registered</div>
            </td>
          </tr>
          <tr>
            <td style="width: 25.94%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>Common stock, par value $0.01 per share</div>
              <div>&#160;</div>
            </td>
            <td style="width: 25.08%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div>LPG</div>
              <div>&#160;</div>
            </td>
            <td style="width: 48.98%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div>New York Stock Exchange</div>
              <div>&#160;</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule
      12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).&#160;&#160;Emerging growth company&#160;<font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
      financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;"> <br>
    </div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Introductory Note</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">The information contained in Item 5.02 of this Current Report on Form 8-K is hereby incorporated by reference into (i) the registration
      statement on Form S-3 (File No. 333-200714) of Dorian LPG Ltd. (the "Company"), filed with the U.S. Securities and Exchange Commission (the "Commission") on June 29, 2015 and (ii) the registration statement on Form S-3 (File No. 333-233104) of the
      Company, filed with the Commission on August 7, 2019.</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
      Certain Officers</div>
    <div style="text-align: justify; text-indent: 45.8pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">On May 14, 2020, the Compensation Committee of the Board of Directors of the Company (the "Committee") approved discretionary cash bonus
      payments to John C. Hadjipateras, John C. Lycouris,&#160; Theodore B. Young, Tim T. Hansen and Alexander C. Hadjipateras in the amounts of $1,225,000, $300,000, $300,000, DKK 2,205,479 and $250,000, respectively.</div>
    <div style="text-align: justify; text-indent: 45.8pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">The Committee also approved discretionary restricted share awards under the Company's 2014 Equity Incentive Plan to John C. Hadjipateras, John
      C. Lycouris, Theodore B. Young, Tim T. Hansen and Alexander C. Hadjipateras in the amounts of $1,225,000 of restricted shares, 37,500 restricted shares, 35,000 restricted shares, 40,000 restricted shares and 30,000 restricted shares, respectively.
      Each restricted share award will be made pursuant to a Restricted Stock Award Agreement, the form of which is incorporated by reference herein. The restricted shares are expected to vest in equal installments on the grant date (June 15, 2020) and on
      the first, second, and third anniversary of that date.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>Named Executive Officer Base Salary Increases</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">Also on May 14, 2020, the Committee approved the following annual base salary increases for the following named executive officers, effective
      April 1, 2020: for John C. Hadjipateras, a base salary increase from $550,000 to $650,000; for John C. Lycouris, a base salary increase from $450,000 to $550,000; for Theodore B. Young, a base salary increase from $400,000 to $500,000; for Tim T.
      Hansen, a base salary increase from DKK 2,625,000 to DKK 3,250,000; and for Alexander C. Hadjipateras, a base salary increase from $250,000 to $325,000.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">The cash bonus payments, restricted share awards and base salary adjustments are in recognition of the officers' contributions to the
      Company&#160;for the fiscal year ended March 31, 2020.</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 9.01&#160;Financial Statements and Exhibits</div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">(d) Exhibits</div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="ze12ffbce513045998bfcc6a4f1456cae">

        <tr>
          <td style="width: 23.09%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 3.84%; vertical-align: top;">&#160;</td>
          <td style="width: 73.08%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 23.09%; vertical-align: top; background-color: #FFFFFF;">
            <div style="background-color: #FFFFFF;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>Exhibit Number</u></div>
            </div>
          </td>
          <td style="width: 3.84%; vertical-align: top; background-color: #FFFFFF;">&#160;</td>
          <td style="width: 73.08%; vertical-align: top; background-color: #FFFFFF;">
            <div style="background-color: #FFFFFF;">
              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><u>Description</u></div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 23.09%; vertical-align: top;">&#160;</td>
          <td style="width: 3.84%; vertical-align: top;">&#160;</td>
          <td style="width: 73.08%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 23.09%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', serif;">10.1</div>
          </td>
          <td style="width: 3.84%; vertical-align: top;">&#160;</td>
          <td style="width: 73.08%; vertical-align: top;">
            <div style="text-align: justify; color: #0563C1; font-family: 'Times New Roman', serif;"><a href="http://www.sec.gov/Archives/edgar/data/1596993/000091957416013760/d7191581_ex10-1.htm"><u>Form of Restricted Stock Award Agreement, incorporated
                  by reference to Exhibit 10.1 of the Company's Form 8-K filed with the Commission on June 22, 2016</u></a></div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
      thereunto duly authorized.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="za5e7940f366744ceb4be3be0d863bcaf">

        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">May 19, 2020</div>
          </td>
          <td style="width: 4.36%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 45.64%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">DORIAN LPG LTD.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 4.36%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 45.64%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">(registrant)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 4.36%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 45.64%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 4.36%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 45.64%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">/s/ Theodore B. Young</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 4.36%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 45.64%; vertical-align: top; border-top: #000000 2px solid;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Theodore B. Young</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 4.36%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 45.64%; vertical-align: top;">
            <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;">Chief Financial Officer</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
