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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 16, 2006
CARNIVAL CORPORATION CARNIVAL PLC
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(Exact name of registrant as specified (Exact name of registrant as specified
in its charter) in its charter)
REPUBLIC OF PANAMA ENGLAND AND WALES
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(State or other jurisdiction of incorporation) (State or other jurisdiction of incorporation)
1-9610 1-15136
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(Commission File Number) (Commission File Number)
59-1562976 98-0357772
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(I.R.S. Employer Identification No.) (I.R.S. Employer Identification No.)
CARNIVAL HOUSE,
5 GAINSFORD STREET,
3655 N.W. 87TH AVENUE LONDON, SE1 2NE,
MIAMI, FLORIDA 33178-2428 UNITED KINGDOM
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(Address of principal executive offices) (Address of principal executive offices)
(Zip code) (Zip code)
(305) 599-2600 011 44 20 7940 5381
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(Registrant's telephone number, (Registrant's telephone number,
including area code) including area code)
NONE NONE
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(Former name or former address, if changed (Former name or former address, if changed
since last report) since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrants 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))
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SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On October 16, 2006, the Compensation Committees of Carnival
Corporation and Carnival plc (the "Company") approved the amendment and
complete restatement of the pension plan (the "Plan") previously established
for Peter Ratcliffe, the Chief Executive Officer of P&O Princess Cruises
International and a member of the Boards of Directors of the Company. The
purpose of the amendment to the Plan is to maintain the level of benefits that
Mr. Ratcliffe was entitled to prior to his withdrawal from the P&O Princess
Cruises Pension Scheme on April 5, 2006. The Plan, which was previously known
as the Princess Cruises Special Senior Executive Supplemental Retirement Plan,
will now be known as the Princess Cruises Chief Executive Officer Supplemental
Retirement Plan.
The Plan maintains the same level of retirement benefit for Mr.
Ratcliffe based on a percentage of his salary and based on a normal retirement
age of 60. There will be no reduction in his retirement benefit for an early
retirement at the request of the Company. However, his retirement benefit
would be reduced to take into account early payment for an early retirement
for other reasons. The Company has created a trust to accumulate assets to
fund its obligations to Mr. Ratcliffe under the Plan. The description of the
Plan set forth in this Item 1.01 does not purport to be complete and is
qualified in its entirety by reference to the copy of the Plan filed as
Exhibit 10.1 to this Form 8-K.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
EXHIBIT NUMBER DESCRIPTION
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10.1 Princess Cruises Chief Executive Officer
Supplemental Retirement Plan
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, each of the registrants has duly caused this report on Form 8-K to be
signed on its behalf by the undersigned, hereunto duly authorized.
CARNIVAL CORPORATION CARNIVAL PLC
/s/ Arnaldo Perez /s/ Arnaldo Perez
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Name: Arnaldo Perez Name: Arnaldo Perez
Title: Senior Vice President, Title: Senior Vice President,
General Counsel and General Counsel and
Secretary Company Secretary
Date: October 20, 2006 Date: October 20, 2006
EXHIBIT LIST
EXHIBIT NUMBER DESCRIPTION
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10.1 Princess Cruises Chief Executive Officer
Supplemental Retirement Plan