Carnival Files 8K - Changes Executive Management

Carnival Corp. (CCL) filed a Form 8K - Changes in Company Executive Management - with the U.S Securities and Exchange Commission on October 18, 2016.

(e) Compensation Arrangement for President and Chief Executive Officer

On October 18, 2016, Carnival Corporation and Carnival plc (together, the "Companies") entered into an amendment effective as of October 14, 2016 (the "Effective Date") to the employment agreement entered as of October 14, 2013 (the "Agreement") with Arnold W. Donald, President and Chief Executive Officer of the Companies (the "Amendment").

The Amendment extends the term of the Agreement one year, commencing on the Effective Date, subject to automatic annual renewals. In addition, pursuant to the terms of the Amendment, going forward Mr. Donald's long-term incentive awards shall be determined by the Boards of Directors in their discretion, consistent with the terms of the Carnival Corporation 2011 Stock Plan. These terms replace certain detailed compensatory provisions in the Agreement. No other material changes were made to the Agreement.

This summary does not purport to be complete and is subject to and qualified in its entirety by reference to the text of the Amendment, included as Exhibit 10.1 to this filing. Exhibit 10.1 is incorporated by reference into this Item 5.02.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/815097/000119312516743819/d271480d8k.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1125259/000119312516743819/0001193125-16-743819-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

(END) Dow Jones Newswires

October 21, 2016 16:19 ET (20:19 GMT)

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