The company entered a cooperation agreement with Elliott Investment Management featuring customary standstill provisions and voting commitments. The agreement aligns both parties on improved operational execution and governance oversight ahead of the 2026 Annual General Meeting, where directors Zillah Byng-Thorne, Linda P. Jojo and Alex Cruz will stand for election. Effective March 31, 2026, Norwegian Cruise Line Holdings will add five independent directors: Alex Cruz, Kevin A. Lansberry, Steve Pagliuca, Brian P. MacDonald and Jonathan Z. Cohen. John W. Chidsey will become Board Chairman and Cruz will serve as Lead Independent Director, while Stella David, David M. Abrams, Harry C. Curtis and Mary E. Landry will resign. Board composition will expand to nine members with eight independents, reinforcing oversight and shareholder representation. Management aims to leverage the new board’s deep industry and financial expertise to strengthen performance, restore investor confidence and drive sustainable value creation.