8-KLeadership ChangesExhibits & Filings

CARNIVAL CORP 8-K Report, Executive Changes (Jul 14, 2016)

Filed July 14, 2016For Securities:CCL

Summary

Carnival Corporation and Carnival plc filed an 8-K on July 14, 2016, reporting a key board of directors appointment. Helen Deeble was appointed to the boards of both Carnival Corporation and Carnival plc, effective July 13, 2016. Ms. Deeble brings significant leadership experience, having served as the Chief Executive Officer of P&O Ferries Division Holdings Ltd. since 2006. This appointment is significant as it adds a new independent director with a background in shipping and logistics to the company's governance. Ms. Deeble will also serve on the Health, Environmental, Safety & Security Committee of each board, indicating a focus on these critical operational areas. Her compensation will align with that of other non-executive directors, including retainers and equity awards.

Key Highlights

  • 1Helen Deeble appointed to the Boards of Directors for both Carnival Corporation and Carnival plc on July 13, 2016.
  • 2Ms. Deeble also appointed to the Health, Environmental, Safety & Security Committee of each board.
  • 3Ms. Deeble has been CEO of P&O Ferries Division Holdings Ltd. since 2006.
  • 4The appointment adds a director with extensive experience in the shipping and logistics sector.
  • 5Ms. Deeble will receive compensation consistent with other non-executive directors, including equity awards.
  • 6A press release announcing the appointment is attached as an exhibit.

Frequently Asked Questions

Helen Deeble is a new director appointed to the boards of Carnival Corporation and Carnival plc. She has significant leadership experience in the shipping and logistics industry, having served as the Chief Executive Officer of P&O Ferries Division Holdings Ltd. since 2006.

Ms. Deeble has been appointed to serve on the Health, Environmental, Safety & Security Committee of both the Carnival Corporation and Carnival plc boards of directors.

Ms. Deeble will receive compensation typical for non-executive directors of Carnival, which includes annual retainers and equity compensation in the form of Carnival Corporation restricted stock or restricted stock units.

The appointment of a director with a strong background in shipping and logistics, particularly to the Health, Environmental, Safety & Security Committee, suggests a continued focus on operational excellence and safety within Carnival's governance structure. This can be viewed positively by investors concerned with the company's risk management and operational efficiency.