{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-118426","form_type":"8-K","ticker":"LIND","cik":"0001512499","company_name":"LINDBLAD EXPEDITIONS HOLDINGS, INC.","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.318918+00:00","generated_at":"2026-06-08T02:19:32.540598+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lindblad Expeditions expands National Geographic brand license through 2040 with exclusivity and growth commitments","bullets":["New Brand License Agreement replaces 2011 Alliance and Tour Operator agreements effective Jan 1, 2024.","Exclusive license for co-branded expedition cruises on ships <295 passengers in US/Canada; path to global exclusivity.","Royalty fees based on performance, minimum growth guarantees for revenue and available guest nights; fleet modernization required.","NatGeo can terminate if growth/capacity targets missed or change of control; Lindblad can renegotiate if NatGeo leaves Disney.","Term extends to 2040; includes joint marketing fund and collaboration on science, conservation, education and photography."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-118426","json":"https://secwatch.observer/filing/0001104659-23-118426.json","markdown":"https://secwatch.observer/filing/0001104659-23-118426.md","text":"https://secwatch.observer/filing/0001104659-23-118426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1512499/000110465923118426/0001104659-23-118426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1512499/000110465923118426/tm2330693d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T02:19:32.540598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"929700d420c8d7b28f0792f9a2c1ab43df538c1c","claim":"LINDBLAD EXPEDITIONS HOLDINGS, INC. entered into Brand License Agreement with National Geographic Partners, LLC (effective 2023-11-14).","evidence_excerpt":"On November 14, 2023, a subsidiary of Lindblad Expeditions Holdings, Inc., Lindblad Expeditions, LLC (the “ Company ”), entered into a Brand License Agreement (the “ Agreement ”) with National Geographic Partners, LLC (“ National Geographic ”) through 2040","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512499/000110465923118426/0001104659-23-118426-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"National Geographic Partners, LLC"},{"label":"Effective","value":"2023-11-14"}],"fact_type":"material_agreement"},{"claim_id":"ed61c0c1197b1f1c785b3ad72119143144374892","claim":"LINDBLAD EXPEDITIONS HOLDINGS, INC. terminated Alliance and License Agreement with National Geographic Partners, LLC (effective 2011-12-12).","evidence_excerpt":"The Agreement will replace the Alliance and License Agreement and the Tour Operator Agreement, each dated as of December 12, 2011, as amended, between the Company and National Geographic (the “ Existing Agreements ”), which are to be terminated in relation to departure dates commencing January 1, 2024","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512499/000110465923118426/0001104659-23-118426-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"National Geographic Partners, LLC"},{"label":"Effective","value":"2011-12-12"}],"fact_type":"material_agreement"},{"claim_id":"f55adc4243ee8e1c4d5fe5d8c753fa75231bf8c8","claim":"LINDBLAD EXPEDITIONS HOLDINGS, INC. terminated Tour Operator Agreement with National Geographic Partners, LLC (effective 2011-12-12).","evidence_excerpt":"The Agreement will replace the Alliance and License Agreement and the Tour Operator Agreement, each dated as of December 12, 2011, as amended, between the Company and National Geographic (the “ Existing Agreements ”), which are to be terminated in relation to departure dates commencing January 1, 2024","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512499/000110465923118426/0001104659-23-118426-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"National Geographic Partners, LLC"},{"label":"Effective","value":"2011-12-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}