Business Context and Reporting Period
This Form 8-K reports on the Annual General Meeting of Shareholders held by Norwegian Cruise Line Holdings Ltd. on May 25, 2017, in Miami, Florida. The filing details the voting outcomes for three shareholder proposals.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. It is a corporate governance report regarding shareholder voting results.
Material Changes
There are no material financial changes reported in this document. The primary event is the successful election of directors and the ratification of the independent auditor.
Guidance, Outlook, and Voting Results
Shareholders voted on three proposals with the following results:
- Election of Directors: All three nominees (David M. Abrams, John W. Chidsey, and Russell W. Galbut) were elected to serve until the 2020 annual meeting.
- David M. Abrams received 189,599,844 votes "For" and 17,165,071 "Against".
- John W. Chidsey received 206,002,553 votes "For" and 761,745 "Against".
- Russell W. Galbut received 206,411,503 votes "For" and 346,751 "Against".
- Advisory Vote on Executive Compensation: Approved with 202,415,933 votes "For" and 3,835,946 "Against".
- Ratification of Independent Auditor: PricewaterhouseCoopers LLP (PwC) was ratified for the year ending December 31, 2017, with 210,777,601 votes "For" and 256,127 "Against".
A total of 211,428,478 ordinary shares were present, representing 92.78% of the combined voting power.
Investor Verification Checklist
- Verify the definitive proxy statement filed on April 13, 2017, for detailed background on the director nominees and executive compensation.
- Confirm the tenure of the newly elected directors extends through the 2020 annual general meeting.
- Note that PwC is confirmed as the independent auditor for the fiscal year ending December 31, 2017.
- Review the "Against" vote count for David M. Abrams, which was significantly higher than for the other nominees.