By Dow Jones Business News,
January 07, 2014, 11:52:00 AM EDT
Carnival Corp. ( CCL ) filed a Form 8K - Changes in Company Executive Management - with the U.S Securities and Exchange
Commission on January 06, 2014.
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.
The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/815097/
Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that
could materially affect a company's financial position or the value of its shares.
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