8-K filed December 15, 2022, 6:59 PM ET ticker NCLH CIK 0001513761

leadership confidence high sentiment neutral materiality 0.65

Norwegian Cruise Line appoints new presidents for Regent Seven Seas and Oceania; cuts 9% of shoreside roles

Norwegian Cruise Line Holdings Ltd.

Andrea DeMarco named President of Regent Seven Seas Cruises effective Jan 1, 2023, succeeding Jason Montague who becomes Special Advisor.
Frank A. Del Rio (son of CEO) appointed President of Oceania Cruises effective Jan 1, 2023, succeeding Howard Sherman who becomes Special Advisor.
Company cut ~9% of current and planned shoreside positions on Dec 14, 2022, as part of ongoing cost-improvement initiative.
New Presidents each receive $500k base salary, 3-year initial term, 2x base severance, and eligibility for annual bonus and equity.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jason Montague

Special Advisor

NCLH · Norwegian Cruise Line Holdings Ltd.

Effective: 2023-01-01
Successor: Andrea DeMarco
Filed: December 15, 2022, 6:59 PM ET

Mr. Jason Montague, President and Chief Executive Officer, Regent Seven Seas Cruises, would be transitioning to a new advisory role as Special Advisor, effective as of January 1, 2023.

Appointed

Andrea DeMarco

President

NCLH · Norwegian Cruise Line Holdings Ltd.

Effective: 2023-01-01
Filed: December 15, 2022, 6:59 PM ET

the Company announced the appointment of Ms. Andrea DeMarco, age 44, as President, Regent Seven Seas Cruises, effective as of January 1, 2023.

Role change

Howard Sherman

Special Advisor

NCLH · Norwegian Cruise Line Holdings Ltd.

Effective: 2023-01-01
Successor: Frank A. Del Rio
Filed: December 15, 2022, 6:59 PM ET

Mr. Howard Sherman, President and Chief Executive Officer, Oceania Cruises, would be transitioning to a new advisory role as Special Advisor, effective as of January 1, 2023.

Appointed

Frank A. Del Rio

President

NCLH · Norwegian Cruise Line Holdings Ltd.

Effective: 2023-01-01
Filed: December 15, 2022, 6:59 PM ET

the Company announced the appointment of Mr. Frank A. Del Rio, current Chief Sales and Marketing Officer for Oceania Cruises, age 44, as President, Oceania Cruises, effective as of January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Montague changed role as Special Advisor at Norwegian Cruise Line Holdings Ltd..

Action: transitioning
Role: Special Advisor

Exact text from the filing

Mr. Jason Montague, President and Chief Executive Officer, Regent Seven Seas Cruises, would be transitioning to a new advisory role as Special Advisor, effective as of January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrea DeMarco was appointed as President at Norwegian Cruise Line Holdings Ltd..

Action: appointed
Role: President

Exact text from the filing

the Company announced the appointment of Ms. Andrea DeMarco, age 44, as President, Regent Seven Seas Cruises, effective as of January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard Sherman changed role as Special Advisor at Norwegian Cruise Line Holdings Ltd..

Action: transitioning
Role: Special Advisor

Exact text from the filing

Mr. Howard Sherman, President and Chief Executive Officer, Oceania Cruises, would be transitioning to a new advisory role as Special Advisor, effective as of January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank A. Del Rio was appointed as President at Norwegian Cruise Line Holdings Ltd..

Action: appointed
Role: President

Exact text from the filing

the Company announced the appointment of Mr. Frank A. Del Rio, current Chief Sales and Marketing Officer for Oceania Cruises, age 44, as President, Oceania Cruises, effective as of January 1, 2023.

View on SEC.gov

Norwegian Cruise Line Holdings Ltd. filing history →

Source: SEC EDGAR

accession 0001558370-22-018672

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