Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2026-03-31 | 2026-05-27 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · We have not been involved in any legal proceedings that we believe may have a material effect on our business, financial position, results of operations or liquidity, and we are not aware of any proceedings that are pending or threatened that may have a material effect on our business, financial position, results of operations or liquidity. From time to time we are and expect to be subject to legal proceedings and claims in the ordinary course of our business, such as personal injury and property casualty claims. These claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources. Item 9A · ICFR · Based on the evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2026. Item 9A · disclosure controls · Based on this evaluation, our management concluded that our disclosure controls and procedures were effective as of March 31, 2026. | ||||||
| 2025-03-31 | 2025-05-29 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · We have not been involved in any legal proceedings that we believe may have a material effect on our business, financial position, results of operations or liquidity, and we are not aware of any proceedings that are pending or threatened that may have a material effect on our business, financial position, results of operations or liquidity. From time to time we are and expect to be subject to legal proceedings and claims in the ordinary course of our business, such as personal injury and property casualty claims. These claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources. Item 9A · ICFR · Based on the evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2025. Item 9A · disclosure controls · Based on this evaluation, our management concluded that our disclosure controls and procedures were effective as of March 31, 2025. | ||||||
| 2024-03-31 | 2024-05-29 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · We have not been involved in any legal proceedings that we believe may have a material effect on our business, financial position, results of operations or liquidity, and we are not aware of any proceedings that are pending or threatened that may have a material effect on our business, financial position, results of operations or liquidity. From time to time we are and expect to be subject to legal proceedings and claims in the ordinary course of our business, such as personal injury and property casualty claims. These claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources. Item 9A · ICFR · Based on the evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2024. Item 9A · disclosure controls · Based on this evaluation, our management concluded that our disclosure controls and procedures were effective as of March 31, 2024. | ||||||
| 2023-03-31 | 2023-06-02 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · We have not been involved in any legal proceedings that we believe may have a material effect on our business, financial position, results of operations or liquidity, and we are not aware of any proceedings that are pending or threatened that may have a material effect on our business, financial position, results of operations or liquidity. From time to time we are and expect to be subject to legal proceedings and claims in the ordinary course of our business, such as personal injury and property casualty claims. These claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources. Item 9A · ICFR · Based on the evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2023. Item 9A · disclosure controls · Based on this evaluation, our management concluded that our disclosure controls and procedures were effective as of March 31, 2023. | ||||||
| 2022-03-31 | 2022-06-02 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · We have not been involved in any legal proceedings that we believe may have a material effect on our business, financial position, results of operations or liquidity, and we are not aware of any proceedings that are pending or threatened that may have a material effect on our business, financial position, results of operations or liquidity. From time to time we are and expect to be subject to legal proceedings and claims in the ordinary course of our business, such as personal injury and property casualty claims. These claims, even if lacking merit, could result in the expenditure of significant financial and managerial resources. In January 2021, subsequent to the delivery of one of our VLGCs on time charter, a dispute arose relating to the vessel’s readiness to lift a cargo scheduled by the charterer. The claim was settled for $4.0 million during the year ended March 31, 2022. Item 9A · ICFR · Based on the evaluation, management concluded that our internal control over financial reporting was effective as of March 31, 2022. Item 9A · disclosure controls · Based on this evaluation, our management concluded that our disclosure controls and procedures were effective as of March 31, 2022. | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.