Carnival Files 8K - Changes Executive Management
October 21 2016 - 4:34PM
Dow Jones News
Carnival Corp. (CCL) filed a Form 8K - Changes in Company
Executive Management - with the U.S Securities and Exchange
Commission on October 18, 2016.
(e) Compensation Arrangement for President and Chief Executive
Officer
On October 18, 2016, Carnival Corporation and Carnival plc
(together, the "Companies") entered into an amendment effective as
of October 14, 2016 (the "Effective Date") to the employment
agreement entered as of October 14, 2013 (the "Agreement") with
Arnold W. Donald, President and Chief Executive Officer of the
Companies (the "Amendment").
The Amendment extends the term of the Agreement one year,
commencing on the Effective Date, subject to automatic annual
renewals. In addition, pursuant to the terms of the Amendment,
going forward Mr. Donald's long-term incentive awards shall be
determined by the Boards of Directors in their discretion,
consistent with the terms of the Carnival Corporation 2011 Stock
Plan. These terms replace certain detailed compensatory provisions
in the Agreement. No other material changes were made to the
Agreement.
This summary does not purport to be complete and is subject to
and qualified in its entirety by reference to the text of the
Amendment, included as Exhibit 10.1 to this filing. Exhibit 10.1 is
incorporated by reference into this Item 5.02.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/815097/000119312516743819/d271480d8k.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/1125259/000119312516743819/0001193125-16-743819-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
(END) Dow Jones Newswires
October 21, 2016 16:19 ET (20:19 GMT)
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