8-KLeadership Changes

CARNIVAL CORP 8-K Report, Executive Changes (Apr 13, 2016)

Filed April 13, 2016For Securities:CCL

Summary

Carnival Corporation and Carnival plc announced a change in its senior accounting leadership in an 8-K filing dated April 13, 2016. Larry Freedman has resigned from his positions as Chief Accounting Officer and Controller, with his departure effective April 13, 2016. This marks the end of his tenure in these key financial roles within the company. Following Mr. Freedman's resignation, David Bernstein, the current Chief Financial Officer, will be taking on the additional responsibilities of Chief Accounting Officer, effective April 14, 2016. Mr. Bernstein has a long-standing history with Carnival, having served as CFO since 2007 and Treasurer prior to that. Importantly, his compensation will remain unchanged despite assuming these expanded duties. This transition ensures continuity in financial oversight by integrating the Chief Accounting Officer role with the CFO.

Key Highlights

  • 1Larry Freedman resigns as Chief Accounting Officer and Controller, effective April 13, 2016.
  • 2David Bernstein, the current Chief Financial Officer, will assume the role of Chief Accounting Officer in addition to his existing duties.
  • 3Mr. Bernstein's appointment as Chief Accounting Officer is effective April 14, 2016.
  • 4David Bernstein has been the Company's Chief Financial Officer since 2007.
  • 5Mr. Bernstein's compensation will not change as a result of assuming the Chief Accounting Officer role.
  • 6There are no disclosed Item 404(a) related transactions for Mr. Bernstein.
  • 7This filing addresses Item 5.02 concerning departures and appointments of officers.

Frequently Asked Questions

The filing states that Larry Freedman informed Carnival Corporation and Carnival plc of his decision to resign. The specific reasons for his resignation were not disclosed in this 8-K filing.

David Bernstein, the current Chief Financial Officer, will assume the role of Chief Accounting Officer in addition to his current duties. This change is effective April 14, 2016.

No, the filing explicitly states that Mr. Bernstein's compensation shall not change as a result of this appointment.

This represents a leadership change in the accounting function. However, the integration of the Chief Accounting Officer role with the CFO, David Bernstein, who has extensive experience with the company, suggests an effort to maintain continuity and streamline financial oversight rather than a fundamental shift in reporting structure.