---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018672"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:06:27.238068+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-018672
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000155837022018672/0001558370-22-018672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000155837022018672/nclh-20221213x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018672
- JSON: https://secwatch.observer/filing/0001558370-22-018672.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018672.txt

## Key facts
- Executive change
  Jason Montague changed role as Special Advisor at Norwegian Cruise Line Holdings Ltd..
  - Action: transitioning
  - Role: Special Advisor
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837022018672/0001558370-22-018672-index.htm
- Executive change
  Andrea DeMarco was appointed as President at Norwegian Cruise Line Holdings Ltd..
  - Action: appointed
  - Role: President
  source text: the Company announced the appointment of Ms. Andrea DeMarco, age 44, as President, Regent Seven Seas Cruises, effective as of January 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837022018672/0001558370-22-018672-index.htm
- Executive change
  Howard Sherman changed role as Special Advisor at Norwegian Cruise Line Holdings Ltd..
  - Action: transitioning
  - Role: Special Advisor
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837022018672/0001558370-22-018672-index.htm
- Executive change
  Frank A. Del Rio was appointed as President at Norwegian Cruise Line Holdings Ltd..
  - Action: appointed
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837022018672/0001558370-22-018672-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.