8-KShareholder Matters

CARNIVAL CORP 8-K Report, Shareholder Vote Results (Apr 19, 2011)

Filed April 19, 2011For Securities:CCL

Summary

This 8-K filing from Carnival Corporation and Carnival plc reports on the outcomes of their Annual Shareholder Meetings held on April 13, 2011. The primary focus is on the voting results for director elections and various corporate proposals. All proposed director nominees for both Carnival Corporation and Carnival plc were overwhelmingly re-elected, indicating strong shareholder confidence in the current leadership. Additionally, key proposals related to auditor appointments, executive compensation, and share authorizations received substantial support, suggesting shareholder alignment with the company's governance and financial strategies. Notably, the shareholders voted to re-appoint PricewaterhouseCoopers LLP as the independent auditors for both entities and authorized the Audit Committee to determine their remuneration. The company also received shareholder approval for the fiscal 2010 executive compensation and determined that an advisory vote on executive compensation should occur annually. Share buyback programs and share allotment authorities were also approved. The substantial number of votes cast for these proposals demonstrates broad shareholder backing for the company's direction.

Key Highlights

  • 1All director nominees for Carnival Corporation and Carnival plc were overwhelmingly re-elected, signaling shareholder confidence in current leadership.
  • 2PricewaterhouseCoopers LLP was re-appointed as independent auditors for both Carnival Corporation and Carnival plc, with the Audit Committee authorized to set their fees.
  • 3Shareholders approved the fiscal year 2010 compensation for named executive officers of Carnival Corporation & plc.
  • 4A decision was made for an annual advisory vote on executive compensation, with a significant majority favoring this frequency.
  • 5Proposals to authorize the allotment of new shares and disapply pre-emption rights for Carnival plc were strongly approved.
  • 6Carnival plc received shareholder approval to buy back its ordinary shares in the open market.
  • 7The Carnival Corporation 2011 Stock Plan was approved by shareholders.

Frequently Asked Questions

This 8-K filing was made to report the results of the Annual Meetings of Shareholders for Carnival Corporation and Carnival plc, which took place on April 13, 2011. It details the voting outcomes on various matters, including director elections and corporate proposals.

Yes, all proposed director nominees for both Carnival Corporation and Carnival plc were overwhelmingly re-elected by shareholders. The vote counts show significant 'For' votes across all director proposals.

Shareholders voted to re-appoint PricewaterhouseCoopers LLP as the independent auditors for both Carnival Corporation and Carnival plc. The Audit Committee of Carnival plc was also authorized to agree on the remuneration for these auditors.

Shareholders approved the fiscal 2010 compensation for the named executive officers of Carnival Corporation & plc. They also decided, via an advisory vote, that executive compensation should be subject to a shareholder vote on a yearly basis.