Norwegian Cruise Line Holdings Ltd. filed SEC Form 8-K: Leadership Update
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 7, 2025, the Board of Directors (the “Board”) of Norwegian Cruise Line Holdings Ltd. (“NCLH”) increased the size of the Board from eight to nine members and appointed Ms. Linda P. Jojo as a member of the Board. The Board has determined that Ms. Jojo qualifies as an independent director pursuant to the rules and regulations of the United States Securities and Exchange Commission and the New York Stock Exchange.
The Board also appointed Ms. Jojo as a member of the Technology, Environmental, Safety and Security (“TESS”) Committee.
Pursuant to NCLH’s Directors’ Compensation Policy, Ms. Jojo will receive the following compensation: (i) an annual cash retainer of $100,000, payable in four equal quarterly installments, (ii) an annual TESS Committee member cash retainer of $20,000, payable in four equal quarterly installments and (iii) an annual restricted share unit (“RSU”) award on the first business day of each calendar year valued at $200,000 on the date of the award, which will vest in one installment on the first business day of the next calendar year (a pro-rated RSU award for 2025 was awarded). Beginning in 2026, Ms. Jojo will have the option to elect to receive all or a portion of her $100,000 annual cash retainer in the form of RSUs in lieu of cash. Ms. Jojo has also entered into NCLH’s standard form of indemnification agreement, which is filed as Exhibit 10.2 to NCLH’s Form 10-Q filed with the U.S. Securities and Exchange Commission on August 10, 2020 and incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Norwegian Cruise Line Holdings Ltd. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: May 8, 2025 | NORWEGIAN CRUISE LINE HOLDINGS LTD. | ||
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| By: | /s/Daniel S. Farkas |
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| Daniel S. Farkas |
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| Executive Vice President, General Counsel, Chief Development Officer and Secretary | |
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