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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT
style="font-size: 12pt">Washington, D.C. 20549 </FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest event reported): March 12, 2009</B>



<P style="font-size: 24pt" align="center"><B>Ambassadors International, Inc.<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter) </FONT>
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  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
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  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>0-26420</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>91-1688605</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
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  <TD width="49%">&nbsp;</TD>
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  <TD width="49%">&nbsp;</TD>
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  <TD style="border-bottom: #000000 1px solid"><B>1071 Camelback Street<BR>
Newport Beach, CA <BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>92660</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number, including area code: <B>(949)
759-5900</B>
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  <TD style="border-bottom: #000000 1px solid" nowrap><B>N/A<BR>
</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

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<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))<BR>



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<P style="font-size: 10pt" align="left"><B>Item&nbsp;5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.</B>

<P style="font-size: 10pt" align="left">(b)&nbsp;On March&nbsp;18, 2009, Fife Symington resigned as a Class&nbsp;I
Director of Ambassadors International, Inc. (the &#8220;Company&#8221;). Mr.&nbsp;Symington&#8217;s term was set to
expire at the Company&#8217;s 2010 Annual Meeting of Stockholders. Mr.&nbsp;Symington&#8217;s resignation did not
relate to any disagreement with the Company.

<P style="font-size: 10pt" align="left">(c)&nbsp;On March&nbsp;23, 2009, the Company issued a press release announcing
the appointment of Mark Detillion, age 47, as chief financial officer to be effective as of April&nbsp;1, 2009. For the
past eight years Mr.&nbsp;Detillion served as the vice president of finance and chief financial officer for Cruise West
in Seattle, WA. Prior to Cruise West he spent several years as the chief financial officer for Shilo Inns in Portland,
OR. He also served as the director of finance for Holland America Lines. A copy of the press release is attached as
exhibit 99.2 to this Current Report on Form 8-K.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;8.01 Other Events.</B>

<P style="font-size: 10pt" align="left">On March&nbsp;12, 2009, the Company&#8217;s board of directors approved an
increase in the annual fees it will pay to the Chairman of its Board of Directors, Art Rodney, from $5,000 per quarter
to $8,000 per month, effective March&nbsp;2009. The fees paid to Mr.&nbsp;Rodney were increased to compensate him for
his additional duties in connection with the sale of the Company&#8217;s principal non-Windstar assets. Mr.&nbsp;Rodney
will be working with Stephens Inc., the investment banking firm engaged by the Company to sell the Company&#8217;s
principal non-Windstar assets as announced in a press release on February 11, 2009.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01 Exhibits.</B>

<P style="font-size: 10pt" align="left">(c)&nbsp;Exhibits

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  <TD style="background: none transparent scroll repeat 0% 0%" width="2%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">99.1</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Resignation Letter of Fife Symington, dated March&nbsp;18, 2009.</TD>
 </TR>

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 <TR style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000" valign="top">
  <TD style="background: none transparent scroll repeat 0% 0%" width="2%">&nbsp;</TD>
  <TD nowrap align="left" width="3%">99.2</TD>
  <TD width="1%">&nbsp;</TD>
  <TD>Press release dated March&nbsp;23, 2009.</TD>
 </TR>

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<P style="font-size: 10pt" align="center">2

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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 2%" align="left">Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.

<P style="font-size: 10pt; margin-left: 46%" align="left">AMBASSADORS INTERNATIONAL, INC.

<P style="font-size: 10pt" align="left">Date: March&nbsp;23, 2009

<P style="margin-top: -11pt; font-size: 10pt; margin-left: 46%" align="left">By: <U><B>/</B>s/ Laura L.
Tuthill&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
Laura L. Tuthill <BR>
Chief Financial Officer

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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
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  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
 </TR>
 <TR style="font-size: 10pt" valign="bottom">
  <TD><B>Exhibit</B></TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
 </TR>

 <TR style="font-size: 10pt" valign="bottom">
  <TD style="border-bottom: #000000 1px solid" nowrap align="left"><B>Number</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid" nowrap align="center"><B>Description</B></TD>
 </TR>
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 <TR>
  <TD nowrap align="left">99.1</TD>
  <TD>&nbsp;</TD>
  <TD>Resignation Letter of Fife Symington, dated March&nbsp;18, 2009.</TD>
 </TR>
<Tr><td>&nbsp;</td></tr>
<Tr>
  <TD nowrap align="left">99.2</TD>
  <TD>&nbsp;</TD>
  <TD>Press release dated March&nbsp;23, 2009.</TD>
 </TR>

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{"company-data": {"conformed-name": "AMBASSADORS INTERNATIONAL INC", "cik": "0000946842", "assigned-sic": "4700", "irs-number": "911688605", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26420", "film-number": "09699602"}, "business-address": {"street1": "1071 CAMELBACK", "street2": "STREET", "city": "NEWPORT BEACH", "state": "CA", "zip": "92660", "phone": "949.759.5900"}, "mail-address": {"street1": "1071 CAMELBACK", "street2": "STREET", "city": "NEWPORT BEACH", "state": "CA", "zip": "92660"}}
Form 8-K
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): March 12, 2009
Ambassadors International, Inc.
(Exact name of registrant as specified in its charter)
Delaware
0-26420
91-1688605
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1071 Camelback Street
Newport Beach, CA
92660
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(949)
759-5900
N/A
(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:
o
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.
(b) On March 18, 2009, Fife Symington resigned as a Class I
Director of Ambassadors International, Inc. (the "Company"). Mr. Symington's term was set to
expire at the Company's 2010 Annual Meeting of Stockholders. Mr. Symington's resignation did not
relate to any disagreement with the Company.
(c) On March 23, 2009, the Company issued a press release announcing
the appointment of Mark Detillion, age 47, as chief financial officer to be effective as of April 1, 2009. For the
past eight years Mr. Detillion served as the vice president of finance and chief financial officer for Cruise West
in Seattle, WA. Prior to Cruise West he spent several years as the chief financial officer for Shilo Inns in Portland,
OR. He also served as the director of finance for Holland America Lines. A copy of the press release is attached as
exhibit 99.2 to this Current Report on Form 8-K.
Item 8.01 Other Events.
On March 12, 2009, the Company's board of directors approved an
increase in the annual fees it will pay to the Chairman of its Board of Directors, Art Rodney, from $5,000 per quarter
to $8,000 per month, effective March 2009. The fees paid to Mr. Rodney were increased to compensate him for
his additional duties in connection with the sale of the Company's principal non-Windstar assets. Mr. Rodney
will be working with Stephens Inc., the investment banking firm engaged by the Company to sell the Company's
principal non-Windstar assets as announced in a press release on February 11, 2009.
Item 9.01 Exhibits.
(c) Exhibits
99.1
Resignation Letter of Fife Symington, dated March 18, 2009.
99.2
Press release dated March 23, 2009.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
AMBASSADORS INTERNATIONAL, INC.
Date: March 23, 2009
By:
/
s/ Laura L.
Tuthill
Laura L. Tuthill
Chief Financial Officer
3
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Resignation Letter of Fife Symington, dated March 18, 2009.
99.2
Press release dated March 23, 2009.