LINDBLAD EXPEDITIONS HOLDINGS, INC. — fact timeline

LINDBLAD EXPEDITIONS HOLDINGS, INC. shareholders approved Ratification of the Appointment of the Company’s Independent Registered Certified Public Accounting Firm for Fiscal Year 2026 at the 2026-06-10 meeting.

“Proposal No. 3. The Ratification of the Appointment of the Company ’ s Independent Registered Certified Public Accounting Firm for Fiscal Year 2026 : The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered certified public accounting firm for fiscal year 2026.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. shareholders approved Advisory Resolution on Executive Compensation at the 2026-06-10 meeting.

“Proposal No. 2. Advisory Resolution on Executive Compensation : The Company’s stockholders approved, on an advisory basis, the 2025 compensation of the Company’s named executive officers disclosed in the Executive Compensation section and the related tables, notes and narrative in the Proxy Statement.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. shareholders approved Election of Directors at the 2026-06-10 meeting.

“Proposal No. 1. Election of Directors : The Company’s stockholders elected L. Dyson Dryden, John M. Fahey, Catherine B. Reynolds and Andy Stuart as Class B directors to serve terms expiring at the annual meeting of stockholders to be held in 2029, until their successors have been elected and qualified.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported full year 2026 results: revenue $800 - $850 million. Guidance initiated.

“The Company’s current expectations for the full year 2026 are as follows: ● Tour revenues of $800 - $850 million ● Adjusted EBITDA of $130 - $140 million”

LINDBLAD EXPEDITIONS HOLDINGS, INC. updated its first quarter ended March 31, 2026 guidance (reaffirmed).

“On May 5, 2026, the Company issued a press release announcing its financial results for its first quarter ended March 31, 2026.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. amended revolving credit of $60,000,000 with JPMorgan Chase Bank, N.A..

“The Amendment provides for, among other things, (i) an increase to available commitments under the Amended Credit Agreement to $60,000,000 and (ii) an extension of the maturity date of the Revolving Credit Agreement to A”

LINDBLAD EXPEDITIONS HOLDINGS, INC. incurred senior notes of $675.0 million with Wilmington Trust, National Association at 7.000% maturing September 15, 2030.

“the Issuer’s $675.0 million aggregate principal amount of 7.000% Senior Secured Notes due 2030”

Andrew Stuart was appointed as Director at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On July 15, 2024, the Company appointed two additional independent directors, Ms. Annette Reavis and Mr. Andrew “Andy” Stuart.”

Annette Reavis was appointed as Director at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On July 15, 2024, the Company appointed two additional independent directors, Ms. Annette Reavis and Mr. Andrew “Andy” Stuart.”

Bernard W. Aronson retired as Director at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On July 15, 2024, Bernard W. Aronson, an independent member of the Board of Directors, announced his retirement from the Board of Directors of Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”) effective immediately.”

L. Dyson Dryden was appointed as interim Chief Financial Officer at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“announced the appointment of L. Dyson Dryden, a director of the Company, as interim Chief Financial Officer for the Company, effective June 1, 2024”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $153.6 million, net income $5.1 million, $0.10 per diluted share, EPS $0.10 per diluted share.

“Inc. Reports 2024 First Quarter Financial Results and Announces Acquisition of Wineland-Thomson Adventures, Inc. First Quarter 2024 Highlights: ● Total revenue increased 7% to $153.6 million ● Lindblad segment available guest nights increased 3% ● Lindblad segment net yield per available guest night increased 1% to $1,219 with higher pricing and occupancy of 76% ●”

Craig Felenstein departed as Chief Financial Officer at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On April 22, 2024, Lindblad Expeditions Holdings, Inc. (the “Company”) announced the departure of Craig Felenstein, Chief Financial Officer for the Company, effective May 31, 2024, who is pursuing a non-competitive opportunity.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. entered into Transfer Agreement with Ben Bressler valued at $15,171,664 (effective 2024-04-10).

“On April 10, 2024, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), entered into a Transfer Agreement with its subsidiary, Natural Habitat, Inc. (“Natural Habitat”), and Ben Bressler, founder of Natural Habitat, pursuant to which the Company purchased 194 shares of Natural Habitat (the “Shares”) from Mr. Bressler for $15,171,664 (the “Transfer Agreement”).”

Pam Kaufman was appointed as Independent Director at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On March 12, 2024, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), appointed Pam Kaufman, a proven global commercial executive in international consumer products, entertainment, and hospitality experiences, as a new independent director.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported financial results for fourth quarter and full year ended December 31, 2023.

“On February 28, 2024, the Company issued a press release announcing its financial results for its fourth quarter and full year-ended December 31, 2023.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. terminated Tour Operator Agreement with National Geographic Partners, LLC (effective 2011-12-12).

“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”

LINDBLAD EXPEDITIONS HOLDINGS, INC. terminated Alliance and License Agreement with National Geographic Partners, LLC (effective 2011-12-12).

“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”

LINDBLAD EXPEDITIONS HOLDINGS, INC. entered into Brand License Agreement with National Geographic Partners, LLC (effective 2023-11-14).

“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”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported third quarter ended September 30, 2023 results: revenue $176.0 million, net income $4.5 million, $0.08 per diluted share, EPS $0.08 per diluted share. Guidance reaffirmed.

“ex_550408.htm Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2023 Third Quarter Financial Results Third Quarter 2023 Highlights: ● Total revenues increased 22% to $176.0 million ● Net income available to stockholders increased $14.3 million to $4.5 million ● Adjusted EBITDA increased 83% to $34.0 million ● Lindblad segment available guest nights”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported second quarter ended June 30, 2023 results: revenue $124.8 million, net income $25.6 million, EPS $0.48 per diluted share. Guidance initiated.

“Second quarter tour revenues of $124.8 million increased $33.9 million, or 37%, as compared to the same period in 2022. The increase was driven by a $23.4 million increase at the Lindblad segment and a $10.5 million increase at the Land Experiences segment. Lindblad segment tour revenues of $87.4 million increased $23.4 million, or 36%, compared to the second quarter a year ago primarily due to a 34% increase in available guest nights as we continued to ramp operations. The year-on-year growth was also driven by a 5% increase in net yield per available guest night to $1,034 due to increased pricing and broader fleet utilization. Land Experiences tour revenues of $37.4 million increased $10.5 million, or 39%, compared to the second quarter a year ago primarily due to additional departures and higher pricing. Net Income Net loss available to stockholders for the second quarter was $25.6 million, $0.48 per diluted share, as compared with net loss available to stockholders of $30.0 million”

Sven Lindblad changed role as Co-Chair of the Board at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“While serving as Chief Executive Officer, Mr. Lindblad will step down as Co-Chair of the Company’s Board of Directors.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. shareholders approved Ratification of the Appointment of the Company’s Independent Registered Certified Public Accounting Firm for Fiscal Year 2023.

“Proposal No. 3. The Ratification of the Appointment of the Company ’ s Independent Registered Certified Public Accounting Firm for Fiscal Year 2023 : The Company’s stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent registered certified public accounting firm for fiscal year 2023. The voting results regarding this proposal are set forth below: For Against Abstain 53,437,738 3,314 324,580”

LINDBLAD EXPEDITIONS HOLDINGS, INC. shareholders approved Advisory Resolution on Executive Compensation.

“Proposal No. 2. Advisory Resolution on Executive Compensation : The Company’s stockholders approved, on an advisory basis, the 2022 compensation of the Company’s named executive officers disclosed in the Executive Compensation section and the related tables, notes and narrative in the Proxy Statement. The voting results regarding this proposal are set forth below: For Against Abstain Broker Non-Votes 37,675,204 6,787,689 1,394,947 7,907,792”

LINDBLAD EXPEDITIONS HOLDINGS, INC. shareholders approved Election of Directors.

“Proposal No. 1. Election of Directors : The Company’s stockholders elected L. Dyson Dryden, John M. Fahey and Catherine B. Reynolds as Class B directors to serve terms expiring at the annual meeting of stockholders to be held in 2026 and until their successors have been duly elected and qualified. The voting results regarding this proposal are set forth below: Name For Withheld Broker Non-Votes L. Dyson Dryden 35,800,556 10,057,285 7,907,791 John M. Fahey 32,338,829 13,519,012 7,907,791 Catherine B. Reynolds 40,737,998 5,119,843 7,907,791”

Sven Lindblad was appointed as Chief Executive Officer at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“The Company’s founder and current Co-chair of the Board of Directors, Sven Lindblad, will return as Chief Executive Officer and will work closely with Mr. Berle on a smooth transition.”

Dolf Berle departed as Chief Executive Officer at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“announced the departure of Chief Executive Officer, Dolf Berle, effective June 30, 2023.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported full year 2023 results: revenue Tour revenues of $550 - $575 million. Guidance initiated.

“The Company's current expectations for the full year 2023 are as follows: ● Tour revenues of $550 - $575 million ● Adjusted EBITDA of $70 - $80 million”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue Total revenue of $143.4 million, net income Net loss available to stockholders of $0.4 million, EPS $0.01 per diluted share. Guidance initiated.

“EXHIBIT 99.1 ex_502203.htm Exhibit 99.1 Lindblad Expeditions Holdings, Inc. Reports 2023 First Quarter Financial Results First Quarter 2023 Highlights: ● Total revenue of $143.4 million increased $75.5 million versus 2022 and $53.7 compared with 2019 ● Net loss available to stockholders of $0.4 million improved $42.6 million versus 2022 ● Adjusted EBITDA of”

LINDBLAD EXPEDITIONS HOLDINGS, INC. incurred senior notes of $275,000,000 aggregate principal amount with Wilmington Trust, National Association at 9.000% per year maturing 2028-05-15.

“On May 2, 2023, Lindblad Expeditions Holdings, Inc. (the “Issuer”), entered into an Indenture, dated as of May 2, 2023 (the “Indenture”), among the Issuer, each of the guarantors named therein and Wilmington Trust, National Association, as trustee and collateral agent, governing the terms of the Issuer’s $275,000,000 aggregate principal amount of 9.000% Senior Secured Notes due 2028 (the “Notes”).”

LINDBLAD EXPEDITIONS HOLDINGS, INC. terminated Senior Secured Credit Agreement (Second Export Credit Facility) with Citibank, N.A. and Eksportkreditt Norge AS (together with Garantiinstituttet, now known as Eksfin, Export Finance Norway) (effective 2023-05-02).

“(ii) that certain Senior Secured Credit Agreement, dated April 8, 2019 (together with the First Export Credit Facility, the “Export Credit Facilities”), among the Issuer and Lindblad Bluewater II Limited with Citibank, N.A. and Eksportkreditt Norge AS (together with Garantiinstituttet, now known as Eksfin, Export Finance Norway).”

LINDBLAD EXPEDITIONS HOLDINGS, INC. terminated Senior Secured Credit Agreement (First Export Credit Facility) with Citibank, N.A. and Eksportkreditt Norge AS (together with Garantiinstituttet, now known as Eksfin, Export Finance Norway) (effective 2023-05-02).

“on the Closing Date, the Issuer prepaid in full all obligations under, and terminated, (i) that certain Senior Secured Credit Agreement, dated January 8, 2018 (the “First Export Credit Facility”), among the Issuer and LEX Endurance Ltd. with Citibank, N.A. and Eksportkreditt Norge AS (together with Garantiinstituttet, now known as Eksfin, Export Finance Norway)”

LINDBLAD EXPEDITIONS HOLDINGS, INC. entered into Indenture with Wilmington Trust, National Association valued at $275,000,000 aggregate principal amount of 9.000% Senior Secured Notes due 2028 (effective 2023-05-02).

“On May 2, 2023, Lindblad Expeditions Holdings, Inc. (the “Issuer”), entered into an Indenture, dated as of May 2, 2023 (the “Indenture”), among the Issuer, each of the guarantors named therein and Wilmington Trust, National Association, as trustee and collateral agent, governing the terms of the Issuer’s $275,000,000 aggregate principal amount of 9.000% Senior Secured Notes due 2028 (the “Notes”).”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported the first quarter ended March 31, 2023 results: revenue in the range of approximately $141 million to $144 million.

“First Quarter 2023 Preliminary Estimated Financial Results For the first quarter ended March 31, 2023, the Company expects to report: · Total tour revenues for the three months ended March 31, 2023 in the range of approximately $141 million to $144 million”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported the full year ended December 31, 2022 results: revenue $421.5 million, net income $116.1 million, EPS $2.23 per diluted share.

“Full year tour revenues of $421.5 million increased $274.4 million as compared to the same period in 2021. The increase was driven by a $195.6 million increase at the Lindblad segment and a $78.8 million increase at the Land Experiences segment, primarily due to the ramp in expeditions and trips and higher pricing. The Land Experiences segment also includes a full year of results for Off the Beaten Path LLC (“Off the Beaten Path”), DuVine Cycling + Adventure (“DuVine”) and Classic Journeys, LLC (“Classic Journeys”), which were acquired during 2021. Net Income Net loss available to stockholders for the full year was $116.1 million, $2.23 per diluted share, as compared with net loss available to stockholders of $124.7 million, $2.41 per diluted share, in 2021.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported the fourth quarter ended December 31, 2022 results: revenue $118.0 million, net income $33.2 million, EPS $0.63 per diluted share.

“Fourth quarter tour revenues of $118.0 million increased $52.4 million as compared to the same period in 2021. The increase was driven by a $37.8 million increase at the Lindblad segment and a $14.6 million increase at the Land Experiences segment, primarily due to the ramp in expeditions and trips compared with the fourth quarter a year ago and higher pricing. The Land Experiences segment also includes a full quarter of results for Classic Journeys, which was acquired during the fourth quarter of 2021. Net Income Net loss available to stockholders for the fourth quarter was $33.2 million, $0.63 per diluted share,”

LINDBLAD EXPEDITIONS HOLDINGS, INC. amended Second Amendment to the Stockholders' Agreement with Natural Habitat, Inc. and Benjamin Bressler (effective 2022-12-23).

“On December 23, 2022, Lindblad Expeditions Holdings, Inc. (the “Company”), Natural Habitat, Inc. (“NatHab”) and Benjamin Bressler (“Bressler”) entered into the Second Amendment to the Stockholders’ Agreement, dated as of May 6, 2016 (the “Second Amendment”) to reflect the transfer of NatHab’s ownership interests in each of Off the Beaten Path (“OBP”) and DuVine Cycling + Adventure (“DuVine”) to Lindblad Expeditions, LLC in order provide the Company with direct ownership interests in OBP and DuVine.”

LINDBLAD EXPEDITIONS HOLDINGS, INC. reported the third quarter ended September 30, 2022 results: revenue $144.8 million, net income $9.8 million, EPS $0.18 per diluted share.

“Total revenue of $144.8 million increased $80.3 million versus 2021 and $43.8 million compared with the third quarter of 2019”

Noah Brodsky was appointed as Chief Commercial Officer at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On May 31, 2022, Lindblad Expeditions Holdings, Inc. (the “Company”) announced the appointment of Noah Brodsky as the Company’s new Chief Commercial Officer, effective May 31, 2022 (the “Effective Date”).”

David Goodman departed as Chief Marketing and Commercial Officer at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“Lindblad Expeditions Holdings, Inc. (the “Company”) today announced the departure of David Goodman, Chief Marketing and Commercial Officer for the Company, effective May 13, 2022.”

Alex Schultz was appointed as Director at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On February 14, 2022, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), appointed Alex Schultz, a proven global marketing executive, as a new independent director.”

Alex Schultz was appointed as director at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On February 15, 2022, Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”), appointed Alex Schultz, a proven global marketing executive, as a new independent director.”

Daniel J. Hanrahan resigned as Director at LINDBLAD EXPEDITIONS HOLDINGS, INC..

“On September 5 th , 2021 Daniel J. Hanrahan, an independent member of the Board of Directors, submitted his resignation from the Board of Directors of Lindblad Expeditions Holdings, Inc., a Delaware corporation (the “Company”) due to other business commitments.”