Summary
This 8-K filing from Royal Caribbean Cruises Ltd. (RCL) reports the results of its 2017 Annual Meeting of Shareholders, held on May 22, 2017. The meeting saw high participation, with over 162 million shares represented, constituting a quorum. Key outcomes include the overwhelmingly positive election of all twelve director nominees, demonstrating strong shareholder confidence in the current board. Additionally, shareholders provided advisory approval for the compensation of named executive officers and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2017.
Key Highlights
- 1All twelve director nominees were elected to the Board of Directors with significant affirmative votes.
- 2Shareholders provided advisory approval for the compensation of named executive officers with a substantial majority in favor.
- 3The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2017 was ratified.
- 4The Annual Meeting had a quorum, with 162,000,512 shares represented out of 214,922,264 outstanding shares.
- 5Shareholders advisory voted for an annual frequency for future say-on-pay votes.
- 6Broker non-votes were noted for director elections and executive compensation proposals, but not for auditor ratification.
Frequently Asked Questions
Yes, all twelve director nominees presented at the meeting were elected to the Board of Directors, each receiving the affirmative vote of a majority of the votes cast.
Shareholders approved the compensation of the named executive officers on an advisory basis, with 149,052,127 votes in favor and 2,803,719 votes against.
Shareholders overwhelmingly voted for an "One Year" frequency for advisory votes on executive compensation, with 140,350,498 votes in favor of annual votes.
Yes, the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2017, was ratified by shareholders with a strong affirmative vote.