Current Report on Form 8-K – Director Resigna...
CURRENT REPORT ON FORM 8-K- Director Resignation
MIAMI (January 7, 2014) - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
announce that its joint current report on Form 8-K was filed with the U.S.
Securities and Exchange Commission on January 7, 2014 that Pier Luigi Foschi, a
member of the Boards of Directors of Carnival Corporation and Carnival plc
(together, the "Companies"), Chairman of Costa Crociere, S.p.A. and Chairman
and Chief Executive Officer of Carnival Asia, a division of Carnival plc,
notified the Companies on January 6, 2014 that he will be retiring from the
Boards of Directors effective January 6, 2014 and from employment with the
Companies which concluded November 30, 2013.
On January 6, 2014, the Companies, along with Costa Crociere, S.p.A. and
Carnival Asia (collectively, "Carnival") entered into a Mutual Separation and
Settlement Agreement (the "Settlement Agreement") with Mr. Foschi. The
Settlement Agreement provides for, among other things, non-competition,
non-solicitation, and confidentiality covenants as well as a general waiver of
claims against Carnival, its affiliates, officers and directors by Mr. Foschi.
Carnival Corporation will pay Mr. Foschi €1,000,000 in consideration for his
waiver of claims and €250,000 in consideration for the non-competition and
non-solicitations obligations provided for in the Settlement Agreement.
A copy of the joint current report on Form 8-K, has been submitted to the
National Storage Mechanism. The joint current report will be available shortly
for inspection at http://www.morningstar.co.uk/uk/NSM. A copy of the joint
current report is also available on the Carnival Corporation & plc website at
www.carnivalcorp.com and www.carnivalplc.com.
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