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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On October 3, 2019, Norwegian Cruise Line Holdings Ltd. (the “Company”) announced that Mr. Andrew Stuart will be stepping down as President and Chief Executive Officer, Norwegian Cruise Line brand, effective December 31, 2019, or such earlier date as may be decided by Mr. Stuart and the Company. From the date he steps down through March 31, 2020, Mr. Stuart will remain with the Company in the role of Senior Advisor to the President and Chief Executive Officer of the Company to support the transition of his role and responsibilities to his successor.
The Board of Directors of the Company approved the appointment of Mr. Harry Sommer as President and Chief Executive Officer, Norwegian Cruise Line brand, effective January 1, 2020, or such earlier date as Mr. Stuart steps down. Mr. Sommer, age 51, currently serves as President, International of the Company and was appointed to the position in January 2019. Prior to that, he served as Executive Vice President, International Business Development from May 2015 to January 2019. From February 2015 until May 2015, he served as Executive Vice President and Chief Integration Officer for the Company. Mr. Sommer previously served as Senior Vice President and Chief Marketing Officer for Prestige Cruise Services LLC (“Prestige”) from October 2013 until February 2015, Senior Vice President, Finance, and Chief Information Officer of Prestige from September 2011 until October 2013 and Senior Vice President, Accounting, Chief Accounting Officer and Controller of Prestige from August 2009 until August 2011.
There is no arrangement or understanding between Mr. Sommer and any other person pursuant to which he was selected as an officer. There are no family relationships between Mr. Sommer and any director or executive officer of the Company. There are no related party transactions between the Company and Mr. Sommer that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
The terms of Mr. Sommer’s current compensation package are not expected to change at this time.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Norwegian Cruise Line Holdings Ltd. has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: October 3, 2019
NORWEGIAN CRUISE LINE HOLDINGS LTD.
/s/Daniel S. Farkas
Executive Vice President,
General Counsel and Assistant Secretary