8-KShareholder Matters

ROYAL CARIBBEAN CRUISES LTD 8-K Report, Shareholder Vote Results (May 28, 2015)

Filed May 28, 2015For Securities:RCL

Summary

This 8-K filing from Royal Caribbean Cruises Ltd. (RCL) details the results of its 2015 Annual Meeting of Shareholders held on May 28, 2015. The primary focus for investors is the overwhelming approval of key corporate actions, including the election of all eight director nominees and the advisory approval of executive compensation. Importantly, shareholders also overwhelmingly approved the delisting of the company's common stock from the Oslo Stock Exchange, a move that may simplify reporting and reduce associated costs. While most proposals passed with strong support, a shareholder proposal requesting a report on Board diversity was not approved. The ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2015 also received broad shareholder backing. The meeting was well-attended, with a quorum established by the representation of a significant portion of the outstanding shares.

Key Highlights

  • 1All eight director nominees were successfully elected to the Board of Directors for one-year terms.
  • 2Shareholders provided advisory approval for the compensation of named executive officers.
  • 3The delisting of Royal Caribbean Cruises Ltd.'s common stock from the Oslo Stock Exchange was overwhelmingly approved.
  • 4PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for fiscal year 2015.
  • 5A shareholder proposal seeking a report on Board diversity was not approved by the majority of votes cast.
  • 6A quorum was established at the meeting, with over 186 million shares represented.
  • 7The election of directors and executive compensation approval received a strong majority of votes cast.

Frequently Asked Questions

The 2015 Annual Meeting of Shareholders for Royal Caribbean Cruises Ltd. saw the successful election of all director nominees, advisory approval of executive compensation, and the approval of delisting the company's stock from the Oslo Stock Exchange. The selection of the company's auditor was also ratified.

The delisting from the Oslo Stock Exchange was approved by shareholders. This decision likely aims to streamline compliance, reduce administrative burdens and costs associated with maintaining multiple listings, and potentially focus investor relations efforts on primary trading markets.

The shareholder proposal requiring a report on Board diversity was not approved. It failed to receive the affirmative vote of a majority of the votes cast at the meeting, indicating that a majority of voting shareholders did not support this specific proposal at this time.

Shareholders voted on an advisory basis to approve the compensation of the named executive officers. This proposal received affirmative approval from a majority of the votes cast, indicating general shareholder support for the company's executive compensation practices.