Norwegian Cruise Line Holdings Ltd 8-K, filed Feb 7, 2025
Norwegian Cruise Line Holdings Ltd. (NCLH)
About this 8-K
Norwegian Cruise Line Holdings Ltd filed this 8-K on February 7, 2025, reporting on events of February 5, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
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CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 5, 2025, the Board of Directors (the “Board”) of Norwegian Cruise Line Holdings Ltd. (“NCLH”) appointed Mr. John Chidsey as a member of the Board. The Board has determined that Mr. Chidsey qualifies as an independent director pursuant to the rules and regulations of the United States Securities and Exchange Commission and the New York Stock Exchange.
The Board also appointed Mr. Chidsey as Chairperson of the Nominating and Governance Committee and as a member of the Audit Committee.
Pursuant to NCLH’s Directors’ Compensation Policy, Mr. Chidsey will receive the following compensation: (i) an annual cash retainer of $100,000, payable in four equal quarterly installments, (ii) an annual Audit Committee member cash retainer of $20,000, payable in four equal quarterly installments, (iii) an annual Nominating and Governance Committee Chairperson retainer of $40,000, payable in four equal quarterly installments and (iv) an annual restricted share unit (“RSU”) award on the first business day of each calendar year valued at $200,000 on the date of the award, which will vest in one installment on the first business day of the next calendar year (a pro-rated RSU award for 2025 was awarded). Beginning in 2026, Mr. Chidsey will have the option to elect to receive all or a portion of his $100,000 annual cash retainer in the form of RSUs in lieu of cash.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Norwegian Cruise Line Holdings Ltd. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: February 7, 2025 | NORWEGIAN CRUISE LINE HOLDINGS LTD. | ||
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| By: | /s/Daniel S. Farkas |
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| Daniel S. Farkas |
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| Executive Vice President, General Counsel, Chief Development Officer and Secretary | |
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