8-KLeadership ChangesExhibits & Filings

CARNIVAL CORP 8-K Report, Executive Changes (Jul 21, 2017)

Filed July 21, 2017For Securities:CCL

Summary

This Form 8-K filing by Carnival Corporation and Carnival plc announces a significant change in corporate governance. On July 18, 2017, Jason Glen Cahilly was appointed to the boards of directors for both Carnival Corporation and Carnival plc. Mr. Cahilly's appointment brings extensive financial and strategic experience, including his recent role as Chief Strategic and Financial Officer of the National Basketball Association and his prior long tenure as a partner at Goldman Sachs & Co. Mr. Cahilly will also contribute his expertise to the Audit Committees of both boards. His compensation for these roles will align with that of other non-executive directors, which includes retainers and equity awards. This addition is a key development for the company's leadership structure and oversight.

Key Highlights

  • 1Appointment of Jason Glen Cahilly to the boards of directors of Carnival Corporation and Carnival plc, effective July 18, 2017.
  • 2Mr. Cahilly will serve on the Audit Committees of both Carnival Corporation and Carnival plc boards.
  • 3Mr. Cahilly's background includes significant financial and strategic experience, notably as Chief Strategic and Financial Officer of the NBA.
  • 4Prior to the NBA, Mr. Cahilly was a partner at Goldman Sachs & Co. for 12 years, holding a leadership role in the media and telecommunications investment banking division.
  • 5Mr. Cahilly's compensation will be in line with existing compensation for non-executive directors, including retainers and equity awards.
  • 6The filing is an 8-K Current Report dated July 21, 2017, with the earliest event reported being July 18, 2017.

Frequently Asked Questions

Jason Glen Cahilly has been appointed to the boards of directors of Carnival Corporation and Carnival plc. He brings significant financial and strategic expertise, having served as Chief Strategic and Financial Officer of the National Basketball Association and previously as a partner at Goldman Sachs & Co.

In addition to his board membership, Mr. Cahilly will serve on the Audit Committees of both Carnival Corporation and Carnival plc boards, indicating a focus on financial oversight and governance.

Mr. Cahilly will receive compensation consistent with that of other non-executive directors of Carnival Corporation and Carnival plc, which includes annual retainers and equity compensation in the form of restricted stock or restricted stock units.

The appointment of an experienced financial executive like Mr. Cahilly to the board and its audit committee can be seen as a positive development for corporate governance and financial oversight, potentially enhancing investor confidence.