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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): June 2, 2022

 

 

ROYAL CARIBBEAN CRUISES LTD.

 
  (Exact Name of Registrant as Specified in Charter)  
     
 

Republic of Liberia

 
  (State or Other Jurisdiction of Incorporation)  

 

  1-11884   98-0081645  
 

(Commission File Number)

 

(IRS Employer Identification No.)

 
         
  1050 Caribbean Way, Miami, Florida   33132  
 

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

Registrant's telephone number, including area code: 305-539-6000

 

 

Not Applicable 

 
  (Former Name or Former Address, if Changed Since Last Report)  

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading Symbol(s)

  Name of each exchange on which registered
Common stock, par value $0.01 per share   RCL   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company         ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On June 2, 2022, the shareholders of Royal Caribbean Cruises, Ltd. (the “Company”) approved the adoption of the Amended and Restated 2008 Equity Incentive Plan (the “Amended Plan”), which had been approved by the Board of Directors subject to shareholder approval. The Amended Plan, among other things, increases the aggregate number of shares of the Company’s common stock available for grant by 9,500,000 shares and extends the term of the Amended Plan through April 11, 2032.

 

A more detailed summary of the Amended Plan is included in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 19, 2022 (the “Proxy Statement”). The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 5.02.

 

Item 5.07 Submission of Matters to a Vote of Security Holders.

 

At the Annual Meeting, held June 2, 2022, the Company’s shareholders voted on the following four proposals and cast their votes as described below.

 

Proposal 1 – Election of Directors

 

Director Nominee  Votes For   Votes
Against
   Abstentions   Broker
Non-Votes
 
John F. Brock   184,453,057    5,391,269    655,495    28,654,046 
Richard D. Fain   184,772,076    5,084,893    642,852    28,654,046 
Stephen R. Howe, Jr.   181,751,853    7,939,646    808,322    28,654,046 
William L. Kimsey   182,487,601    7,352,813    659,407    28,654,046 
Michael O. Leavitt   188,795,869    1,030,527    673,425    28,654,046 
Jason T. Liberty   188,037,903    1,808,333    653,585    28,654,046 
Amy McPherson   187,783,397    2,064,127    652,297    28,654,046 
Maritza G. Montiel   186,168,207    3,676,080    655,534    28,654,046 
Ann S. Moore   186,187,589    3,659,402    652,830    28,654,046 
Eyal M. Ofer   183,977,223    5,864,620    657,978    28,654,046 
William K. Reilly   187,618,402    2,226,421    654,998    28,654,046 
Vagn O. Sørensen   179,310,198    10,529,693    659,930    28,654,046 
Donald Thompson   186,594,836    3,247,702    657,283    28,654,046 
Arne Alexander Wilhelmsen   184,042,147    5,804,748    652,926    28,654,046 

 

Each of the fourteen nominees listed above was elected to the Board of Directors, each having received the affirmative vote of a majority of the votes cast.

 

Proposal 2 – Advisory Approval of the Compensation of the Company’s Named Executive Officers

 

   Number 
Votes For   147,879,905 
Votes Against   38,419,788 
Abstentions   4,200,128 
Broker Non-Votes   28,654,046 

 

The compensation of our named executive officers was approved on an advisory basis, having received the affirmative vote of a majority of the votes cast.

 

 

 

Proposal 3 – Ratification of the Auditors

 

   Number 
Votes For   212,255,734 
Votes Against   6,155,796 
Abstentions   742,337 

 

The selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022 was ratified, having received the affirmative vote of a majority of the votes cast.

 

Proposal 4 – Approval of the Amended and Restated 2008 Equity Incentive Plan

 

   Number 
Votes For   184,925,808 
Votes Against   3,999,088 
Abstentions   1,574,925 
Broker Non-Votes   28,654,046 

 

The Amended and Restated 2008 Equity Incentive Plan was approved, having received the affirmative vote of a majority of the votes cast.

 

Item 9.01    Financial Statements and Exhibits.

 

(d)    Exhibits

 

Exhibit 10.1 – Amended and Restated 2008 Equity Incentive Plan

Exhibit 104 - Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    ROYAL CARIBBEAN CRUISES LTD.
         
Date: June 3, 2022 By: /s/ R. Alexander Lake
    Name:

R. Alexander Lake

Senior Vice President, Chief Legal Officer & Corporate Secretary

    Title: