---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-004150"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T22:57:19.728816+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NCLH CEO Frank Del Rio to retire June 30, 2023; Harry Sommer to succeed

## Summary
- CEO Frank Del Rio retires June 30, 2023; transition bonus up to $9M based on EBITDA target; consulting fees $2M (2023), $4M/year (2024-2025).
- Harry Sommer becomes CEO-elect Apr 1, 2023, CEO July 1, 2023; base salary $1.1M, target bonus ≥175% of base.
- David Herrera appointed President of Norwegian Cruise Line effective Apr 1, 2023; base salary $750,000.
- Sommer and Herrera receive employment agreements through Dec 31, 2025 with severance equal to 2x base salary plus accelerated equity vesting.
- Del Rio will serve as Senior Advisor through Dec 2025; non-compete restrictions through at least June 2024.

## SEC filing metadata
- accession: 0001558370-23-004150
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/0001558370-23-004150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/nclh-20230315x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-004150
- JSON: https://secwatch.observer/filing/0001558370-23-004150.json
- Plain text: https://secwatch.observer/filing/0001558370-23-004150.txt

## Key facts
- Executive change
  Harry Sommer was appointed as President and Chief Executive Officer at Norwegian Cruise Line Holdings Ltd..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: and President and Chief Executive Officer of the Company, effective July 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/0001558370-23-004150-index.htm
- Executive change
  Harry Sommer was appointed as Director at Norwegian Cruise Line Holdings Ltd..
  - Action: appointed
  - Role: Director
  source text: Mr. Sommer has also been appointed to the Board of Directors of the Company, effective July 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/0001558370-23-004150-index.htm
- Executive change
  Harry Sommer was appointed as President and Chief Executive Officer – Elect at Norwegian Cruise Line Holdings Ltd..
  - Action: appointed
  - Role: President and Chief Executive Officer – Elect
  source text: Mr. Harry Sommer would become President and Chief Executive Officer – Elect of the Company, effective April 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/0001558370-23-004150-index.htm
- Executive change
  Frank J. Del Rio resigned as Director at Norwegian Cruise Line Holdings Ltd..
  - Action: resigned
  - Role: Director
  source text: On March 20, 2023, Norwegian Cruise Line Holdings Ltd. (the “Company” or “NCLH”) announced that Frank J. Del Rio will retire from his position as the Company’s President and Chief Executive Officer and resign from the Board of Directors of the Company, effective as of the end of the day on June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/0001558370-23-004150-index.htm
- Executive change
  David Herrera was appointed as President, Norwegian Cruise Line at Norwegian Cruise Line Holdings Ltd..
  - Action: appointed
  - Role: President, Norwegian Cruise Line
  source text: Mr. David Herrera would be become President, Norwegian Cruise Line, effective April 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/0001558370-23-004150-index.htm
- Executive change
  Frank J. Del Rio retired as President and Chief Executive Officer at Norwegian Cruise Line Holdings Ltd..
  - Action: retired
  - Role: President and Chief Executive Officer
  source text: On March 20, 2023, Norwegian Cruise Line Holdings Ltd. (the “Company” or “NCLH”) announced that Frank J. Del Rio will retire from his position as the Company’s President and Chief Executive Officer and resign from the Board of Directors of the Company, effective as of the end of the day on June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000155837023004150/0001558370-23-004150-index.htm

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