NORWEGIAN CRUISE LINE HOLDINGS LTD. : Change in Directors or Principal Officers (form 8-K)

Published: 2021-10-15 16:33:09 ET NCLH

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 13, 2021, the Board of Directors (the "Board") of Norwegian Cruise Line Holdings Ltd. ("NCLH") appointed Mr. Harry C. Curtis as a member of the Board. The Board has determined that Mr. Curtis 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 Mr. Curtis to the Audit Committee of the Board. Following such appointment, the members of the Audit Committee are Mr. David Abrams, Chairperson, Mr. John Chidsey, Ms. Pamela Thomas-Graham and Mr. Harry C. Curtis.

Pursuant to NCLH's Directors' Compensation Policy, Mr. Curtis will receive the following compensation: (i) an annual cash retainer of $100,000, payable in four equal quarterly installments, (ii) $10,000 for each Board or committee meeting located outside of his country of residence and attended in-person, (iii) an annual Audit Committee cash retainer of $15,000, payable in four equal quarterly installments and (iv) an annual restricted share unit ("RSU") award on the first business day of each calendar year valued at $155,000 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 2021 will be awarded). Beginning in 2022, Mr. Curtis will have the option to elect to receive all or a portion of his $100,000 annual cash retainer in the form of RSUs in lieu of cash.