8-K/AShareholder Matters

CARNIVAL CORP 8-K/A Report, Shareholder Vote Results (Aug 31, 2011)

Filed August 31, 2011For Securities:CCL

Summary

This Form 8-K/A filing from Carnival Corporation and Carnival plc amends a previous report (Form 8-K filed April 19, 2011) regarding matters voted on at their annual shareholder meetings held on April 13, 2011. The primary purpose of this amendment is to formally disclose the company's decision on the frequency of future non-binding advisory votes on executive compensation, often referred to as 'Say-on-Pay'. Specifically, Carnival Corporation and Carnival plc have decided, based on board recommendations and shareholder vote results, to hold an annual non-binding advisory vote on the compensation of their named executive officers. This practice will continue until the companies hold another advisory vote on the frequency of these compensation votes. This decision provides clarity to investors regarding the ongoing process of executive compensation review and shareholder input.

Key Highlights

  • 1Amendment to a prior Form 8-K filing concerning annual shareholder meeting results.
  • 2The amendment clarifies the frequency of non-binding advisory votes on executive compensation ('Say-on-Pay').
  • 3Carnival Corporation and Carnival plc will hold an annual advisory vote on executive compensation.
  • 4This annual vote will continue until a future vote on the frequency of such advisory votes is conducted.
  • 5The decision aligns with recommendations from the respective Boards of Directors and the results of shareholder votes.
  • 6This filing ensures transparency regarding corporate governance practices related to executive pay.

Frequently Asked Questions

The main purpose of this 8-K/A filing is to amend a previous report and formally disclose Carnival Corporation and Carnival plc's decision regarding the frequency of non-binding advisory votes on executive compensation, also known as 'Say-on-Pay'.

Carnival Corporation and Carnival plc have decided to hold a non-binding advisory vote on the compensation of their named executive officers every year. This will be the ongoing practice until the company holds another advisory vote to determine the frequency of these compensation votes.

The original annual shareholder meetings of Carnival Corporation and Carnival plc were held on April 13, 2011. The initial Form 8-K summarizing the matters voted on was filed on April 19, 2011.

No, this filing is specifically an amendment to clarify a corporate governance decision regarding the frequency of executive compensation votes. It does not introduce new financial results or report on significant new business events.