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Subsequent Events
6 Months Ended
Sep. 30, 2024
Subsequent Events:  
Subsequent Events

16. Subsequent Event

Appointment of Director

On October 23, 2024, our Board of Directors, on the recommendation of its Nominating and Corporate Governance Committee, unanimously authorized the increase in the size of the Board of Directors from seven to eight directors, and, to fill the resulting vacancy, appointed Mark Ross to serve as a Class III director, effective immediately. Mr. Ross had a distinguished 34-year career at Chevron Corporation, most recently serving as the president of Chevron Shipping Company.

Dividend

On October 24, 2024, we announced that our Board of Directors declared an irregular cash dividend of $1.00 per share of the Company’s common stock totaling $42.8 million. The dividend is payable on or about November 25, 2024 to all shareholders of record as of the close of business on November 5, 2024.