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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (date of earliest event reported) October&nbsp;14, 2013 </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
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<TD VALIGN="top" ALIGN="center"><B>Carnival Corporation</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>Carnival plc</B></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>as specified in its charter)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>as specified in its charter)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>Republic of Panama</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>England and Wales</B></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>1-9610</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>1-15136</B></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>59-1562976</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>98-0357772</B></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>3655 N.W. 87th Avenue</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Miami, Florida 33178-2428</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>United States of America</B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Carnival House</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>5 Gainsford Street</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>London
SE1 2NE</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>United Kingdom</B></P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>executive offices)</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Zip
Code)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>executive offices)</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Zip
Code)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(305) 599-2600</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>011 44 20 7940 5381</B></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>including area code)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>including area code)</B></P></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>None</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>None</B></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or former address,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>if changed since last report.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or former address,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>if changed since last report.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section&nbsp;5 &#150; <U>Corporate Governance and Management</U>. </B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 &#150; <U>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers</U>. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(e) Compensation Arrangement for Chief Executive Officer </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On October&nbsp;14, 2013 (the &#147;Effective Date&#148;), Carnival Corporation (the &#147;Company&#148;) and Carnival plc (together, with the
Company, the &#147;Companies&#148;) entered into an employment agreement (the &#147;Agreement&#148;) with Arnold W. Donald, President and Chief Executive Officer of the Companies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This summary does not purport to be complete and is subject to and qualified in its entirety by reference to the text of the Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Term</U>. The Agreement provides a term of three years commencing on the Effective Date (the &#147;Term&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Base Salary</U>. Mr.&nbsp;Donald shall receive an initial base salary (the &#147;Base Salary&#148;) of $1,000,000 per year subject to
increase or decrease by the Boards of Directors of the Companies on the Companies&#146; standard salary review cycles beginning in 2014. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Annual Incentives</U>. Mr.&nbsp;Donald shall participate in the Carnival Corporation&nbsp;&amp; plc Management Incentive Plan for the CEO,
COO and CFO or its successor plan (the &#147;Management Incentive Plan&#148;) as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For the 2013 Plan Year, Mr.&nbsp;Donald shall receive a fixed bonus under the Management Incentive Plan equal to $1,125,000. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For the 2014 Plan Year, Mr.&nbsp;Donald shall be eligible to receive incentive payments under the Management Incentive Plan consistent with the general practice of compensating other senior executives, with 2014 target
and maximum bonus amounts of $2,650,000 and $5,300,000, respectively. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%">&nbsp;</TD>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For the 2015 Plan Year and subsequent Plan Years, Mr.&nbsp;Donald shall be eligible to receive incentive payments under the Management Incentive Plan consistent with the general practice of compensating other senior
executives. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Special Restricted Stock Unit Award</U>. On the Effective Date, pursuant to the Carnival Corporation 2011
Stock Plan (the &#147;2011 Stock Plan&#148;), Mr.&nbsp;Donald shall receive a one-time award of performance-based restricted stock units with a target value of $3,000,000. The actual number of restricted stock units that may vest may range from zero
to five times the target share amount based on the extent to which the compound annual growth rate of Carnival Corporation and plc&#146;s total shareholder return over a three year performance cycle exceeds specified performance goals. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Long-term Incentives</U>. During the Term, pursuant to the 2011 Stock Plan or its successor plan, Mr.&nbsp;Donald shall receive an annual
share award with a fair market value of $3,500,000 to be comprised as follows: <FONT STYLE="white-space:nowrap">(i)&nbsp;performance-based</FONT> restricted stock units with a fair market value of $1,400,000, based on the closing price of a share of
Company stock on the date of grant; and (ii)&nbsp;a time-based share award with a fair market value of $2,100,000, based on the closing price of a share of Company common stock on the date of grant. The terms applicable to annual share award grants
and performance targets under the 2011 Stock Plan shall be consistent with those grants, mix of grant types, and performance targets applicable to other executive officers of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Additional benefits</U>. During the Term, Mr.&nbsp;Donald shall participate in all employee benefit plans, practices and programs
maintained by the Company and made available to employees generally, and executive benefit or incentive compensation plans maintained by the Company for senior executives. In addition, Mr.&nbsp;Donald shall be entitled to receive all fringe benefits
and perquisites generally made available by the Company to senior executives. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Relocation Benefits</U>. Pursuant to the Company&#146;s
relocation policy, the Company will pay Mr.&nbsp;Donald $350,000 to cover all relocation and temporary living expenses incurred by Mr.&nbsp;Donald. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Compensation Upon Termination</U>. Upon termination of Mr.&nbsp;Donald&#146;s employment
during the Term, Mr.&nbsp;Donald shall be entitled to the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">If Mr.&nbsp;Donald&#146;s employment is terminated by the Companies for Cause (as defined in the Agreement) or by Mr.&nbsp;Donald (other than for Good Reason (as defined in the Agreement)), the Companies shall pay
Mr.&nbsp;Donald all amounts earned or accrued through the Termination Date (as defined in the Agreement) but not paid as of the Termination Date (&#147;Accrued Compensation&#148;). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">If Mr.&nbsp;Donald&#146;s employment with the Companies is terminated by reason of his death or Disability, then, in addition to Accrued Compensation, the Companies shall provide Mr.&nbsp;Donald with benefits or
payments under any applicable disability or life insurance benefit plans, programs or arrangements maintained by the Companies, which benefits shall be provided and amounts shall be payable in accordance with the terms and conditions of such
employee benefit plans, programs or arrangements. The Executive shall also be deemed to have vested on the date of termination in a number of restricted stock units as calculated under the Agreement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">If Mr.&nbsp;Donald&#146;s employment by the Companies shall be terminated by the Companies other than for Cause, death or Disability, or by Mr.&nbsp;Donald for Good Reason, then Mr.&nbsp;Donald shall be entitled to (i)
all Accrued Compensation; (ii)&nbsp;severance pay as calculated under the Agreement; and (iii)&nbsp;continued medical and dental coverage for up to 18 months. The Executive shall also be deemed to have vested on the date of termination in a number
of restricted stock units as calculated under the Agreement. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In the event of a Change in Control (as defined in the Agreement), Mr.&nbsp;Donald&#146;s right to restricted stock units under the special one-time award, calculated as of the Change in Control date, shall be
determined under the terms of the Agreement. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In the event any benefit payments to which Mr.&nbsp;Donald is entitled to upon a Change in
Control are subject to an excise tax under Section&nbsp;4999 of the Internal Revenue Code of 1986, the Companies shall not reimburse Mr.&nbsp;Donald for any such taxes; instead, such benefits shall be either paid to Mr.&nbsp;Donald or reduced to
avoid such excise taxes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>No director compensation</U>. Effective July&nbsp;3, 2013, Mr.&nbsp;Donald ceased receiving compensation for
his services as a director. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>Restrictive Covenants</U>. For one year following Mr.&nbsp;Donald&#146;s termination of employment with
the Companies for any reason, the Agreement prohibits Mr.&nbsp;Donald from (i)&nbsp;working for a Competing Business (as defined in the Agreement), (ii)&nbsp;soliciting certain employees of the Companies, and (iii)&nbsp;interfering with the
relationships between the Companies and certain employees of the Companies&#146; customers or suppliers. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="4%"></TD>
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<TD WIDTH="42%"></TD>
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<TD WIDTH="42%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CARNIVAL CORPORATION</B></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><B>CARNIVAL plc</B></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Arnaldo Perez</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Arnaldo Perez</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name:</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Title:</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Arnaldo Perez</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">General Counsel &amp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Secretary</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name:</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Title:</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Arnaldo Perez</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">General Counsel &amp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Company Secretary</P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">October&nbsp;18, 2013</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Date:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">October 18, 2013</TD></TR>
</TABLE>
</BODY></HTML>
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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) October 14, 2013
Carnival Corporation
Carnival plc
(Exact name of registrant
as specified in its charter)
(Exact name of registrant
as specified in its charter)
Republic of Panama
England and Wales
(State or other jurisdiction
of incorporation)
(State or other jurisdiction
of incorporation)
1-9610
1-15136
(Commission File Number)
(Commission File Number)
59-1562976
98-0357772
I.R.S. Employer
Identification No.)
(I.R.S. Employer
Identification No.)
3655 N.W. 87th Avenue
Miami, Florida 33178-2428
United States of America
Carnival House
5 Gainsford Street
London
SE1 2NE
United Kingdom
(Address of principal
executive offices)
(Zip
Code)
(Address of principal
executive offices)
(Zip
Code)
(305) 599-2600
011 44 20 7940 5381
(Registrant's telephone number,
including area code)
(Registrant's telephone number,
including area code)
None
None
(Former name or former address,
if changed since last report.)
(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))
Section 5 –
Corporate Governance and Management
.
Item 5.02 –
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
.
(e) Compensation Arrangement for Chief Executive Officer
On October 14, 2013 (the "Effective Date"), Carnival Corporation (the "Company") and Carnival plc (together, with the
Company, the "Companies") entered into an employment agreement (the "Agreement") with Arnold W. Donald, President and Chief Executive Officer of the Companies.
This summary does not purport to be complete and is subject to and qualified in its entirety by reference to the text of the Agreement.
Term
. The Agreement provides a term of three years commencing on the Effective Date (the "Term").
Base Salary
. Mr. Donald shall receive an initial base salary (the "Base Salary") of $1,000,000 per year subject to
increase or decrease by the Boards of Directors of the Companies on the Companies' standard salary review cycles beginning in 2014.
Annual Incentives
. Mr. Donald shall participate in the Carnival Corporation & plc Management Incentive Plan for the CEO,
COO and CFO or its successor plan (the "Management Incentive Plan") as follows:
•
For the 2013 Plan Year, Mr. Donald shall receive a fixed bonus under the Management Incentive Plan equal to $1,125,000.
•
For the 2014 Plan Year, Mr. Donald shall be eligible to receive incentive payments under the Management Incentive Plan consistent with the general practice of compensating other senior executives, with 2014 target
and maximum bonus amounts of $2,650,000 and $5,300,000, respectively.
•
For the 2015 Plan Year and subsequent Plan Years, Mr. Donald shall be eligible to receive incentive payments under the Management Incentive Plan consistent with the general practice of compensating other senior
executives.
Special Restricted Stock Unit Award
. On the Effective Date, pursuant to the Carnival Corporation 2011
Stock Plan (the "2011 Stock Plan"), Mr. Donald shall receive a one-time award of performance-based restricted stock units with a target value of $3,000,000. The actual number of restricted stock units that may vest may range from zero
to five times the target share amount based on the extent to which the compound annual growth rate of Carnival Corporation and plc's total shareholder return over a three year performance cycle exceeds specified performance goals.
Long-term Incentives
. During the Term, pursuant to the 2011 Stock Plan or its successor plan, Mr. Donald shall receive an annual
share award with a fair market value of $3,500,000 to be comprised as follows:
(i) performance-based
restricted stock units with a fair market value of $1,400,000, based on the closing price of a share of
Company stock on the date of grant; and (ii) a time-based share award with a fair market value of $2,100,000, based on the closing price of a share of Company common stock on the date of grant. The terms applicable to annual share award grants
and performance targets under the 2011 Stock Plan shall be consistent with those grants, mix of grant types, and performance targets applicable to other executive officers of the Company.
Additional benefits
. During the Term, Mr. Donald shall participate in all employee benefit plans, practices and programs
maintained by the Company and made available to employees generally, and executive benefit or incentive compensation plans maintained by the Company for senior executives. In addition, Mr. Donald shall be entitled to receive all fringe benefits
and perquisites generally made available by the Company to senior executives.
Relocation Benefits
. Pursuant to the Company's
relocation policy, the Company will pay Mr. Donald $350,000 to cover all relocation and temporary living expenses incurred by Mr. Donald.
Compensation Upon Termination
. Upon termination of Mr. Donald's employment
during the Term, Mr. Donald shall be entitled to the following:
•
If Mr. Donald's employment is terminated by the Companies for Cause (as defined in the Agreement) or by Mr. Donald (other than for Good Reason (as defined in the Agreement)), the Companies shall pay
Mr. Donald all amounts earned or accrued through the Termination Date (as defined in the Agreement) but not paid as of the Termination Date ("Accrued Compensation").
•
If Mr. Donald's employment with the Companies is terminated by reason of his death or Disability, then, in addition to Accrued Compensation, the Companies shall provide Mr. Donald with benefits or
payments under any applicable disability or life insurance benefit plans, programs or arrangements maintained by the Companies, which benefits shall be provided and amounts shall be payable in accordance with the terms and conditions of such
employee benefit plans, programs or arrangements. The Executive shall also be deemed to have vested on the date of termination in a number of restricted stock units as calculated under the Agreement.
•
If Mr. Donald's employment by the Companies shall be terminated by the Companies other than for Cause, death or Disability, or by Mr. Donald for Good Reason, then Mr. Donald shall be entitled to (i)
all Accrued Compensation; (ii) severance pay as calculated under the Agreement; and (iii) continued medical and dental coverage for up to 18 months. The Executive shall also be deemed to have vested on the date of termination in a number
of restricted stock units as calculated under the Agreement.
•
In the event of a Change in Control (as defined in the Agreement), Mr. Donald's right to restricted stock units under the special one-time award, calculated as of the Change in Control date, shall be
determined under the terms of the Agreement.
In the event any benefit payments to which Mr. Donald is entitled to upon a Change in
Control are subject to an excise tax under Section 4999 of the Internal Revenue Code of 1986, the Companies shall not reimburse Mr. Donald for any such taxes; instead, such benefits shall be either paid to Mr. Donald or reduced to
avoid such excise taxes.
No director compensation
. Effective July 3, 2013, Mr. Donald ceased receiving compensation for
his services as a director.
Restrictive Covenants
. For one year following Mr. Donald's termination of employment with
the Companies for any reason, the Agreement prohibits Mr. Donald from (i) working for a Competing Business (as defined in the Agreement), (ii) soliciting certain employees of the Companies, and (iii) interfering with the
relationships between the Companies and certain employees of the Companies' customers or suppliers.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CARNIVAL CORPORATION
CARNIVAL plc
By:
/s/ Arnaldo Perez
By:
/s/ Arnaldo Perez
Name:
Title:
Arnaldo Perez
Senior Vice President,
General Counsel &
Secretary
Name:
Title:
Arnaldo Perez
Senior Vice President,
General Counsel &
Company Secretary
Date:
October 18, 2013
Date:
October 18, 2013