secwatch.observer — SEC 8-K summary
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Issuer:     ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK:        0000884887
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001104659-21-136284
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Richard Fain steps down as CEO of Royal Caribbean; Jason Liberty named successor, effective Jan 3, 2022
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- Richard Fain to step down as CEO on Jan 3, 2022; will remain Chair of Board with additional $225K annual retainer.
- Jason Liberty, current CFO, appointed President and CEO effective Jan 3, 2022, and to Board on Nov 7, 2021.
- Naftali Holtz appointed CFO effective Jan 3, 2022; currently SVP Finance of Royal Caribbean Group.
- Liberty receives base salary of $1.2M, target annual incentive 200% of base, and target LTI of $7M.
- Holtz receives base salary of $675,000, target annual incentive 100% of base, and target LTI of $1.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884887/000110465921136284/0001104659-21-136284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884887/000110465921136284/tm2132406d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-136284

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer