# EDGAR Filing Document

**Accession Number:** 0001512499
**File Stem:** 0001437749-25-019558
**Filing Date:** 2025-6
**Character Count:** 12345
**Document Hash:** 077ecb2fa6db0c5ff8ee41be7e534a35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-019558.hdr.sgml**: 20250605

**ACCESSION NUMBER**: 0001437749-25-019558

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250604

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250605

**DATE AS OF CHANGE**: 20250605

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINDBLAD EXPEDITIONS HOLDINGS, INC.
- **CENTRAL INDEX KEY:** 0001512499
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRANSPORTATION SERVICES [4700]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 274749725
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35898
- **FILM NUMBER:** 251027599

**BUSINESS ADDRESS:**
- **STREET 1:** 96 MORTON STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10014
- **BUSINESS PHONE:** 212-261-9000

**MAIL ADDRESS:**
- **STREET 1:** 96 MORTON STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10014

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Capitol Acquisition Corp. II
- **DATE OF NAME CHANGE:** 20110208

?xml version='1.0' encoding='ASCII'? lindb20250603_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 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): **June 4, 2025**

**LINDBLAD EXPEDITIONS HOLDINGS, INC.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35898** | **27-4749725** |
| **(State or other jurisdiction<br> of incorporation)** | **(Commission<br> File Number)** | **(IRS Employer<br> Identification No.)** |

---

---

| | |
|:---|:---|
| **96 Morton Street, 9th Floor, New York, New York** | **10014** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant**'**s telephone number including area code:** (212) 261-9000

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:

☐ 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))

**Securities registered pursuant to Section 12(b) of the act:**

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock, par value $0.0001 per share<br> LIND | The NASDAQ Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 5.02(e)** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.** |

---

The information set forth below under Item 5.07 with respect to the amendment to the Lindblad Expeditions Holdings, Inc. 2021 Long-Term Incentive Plan is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 5.07** &nbsp;&nbsp;&nbsp;&nbsp; | **Submission of Matters to a Vote of Security Holders.** |

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&nbsp;&nbsp;&nbsp;&nbsp;

The 2025 Annual Meeting of Stockholders (the "2025 Annual Meeting") of the Company was held on June 4, 2025. As of the record date, April 8, 2025, we had outstanding and entitled to vote at the 2025 Annual Meeting 54,586,397 shares of common stock and 62,000 shares of Series A Preferred Stock (representing an aggregate of 8,586,210 shares of common stock for such purposes) for an aggregate total of 63,172,607 votes. A total of 52,493,057 shares of the Company's common stock and common share equivalents of the Company's preferred stock, constituting a quorum, were represented in person or by proxy at the 2025 Annual Meeting.

The Company's stockholders voted on four proposals at the 2025 Annual Meeting. The final results of the votes regarding each proposal are set forth below.

**Proposal No. 1. Election of Directors**: The Company's stockholders elected Elliott Bisnow, Annette Reavis, Alexander P. Schultz and Thomas S. (Tad) Smith as Class A directors to serve terms expiring at the annual meeting of stockholders to be held in 2028, and Andy Stuart, as Class B Director to serve a term expiring at the annual meeting of stockholder to be held in 2026, and, in each instance, until their successors have been elected and qualified. The voting results regarding this proposal are set forth below:

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| | | | |
|:---|:---|:---|:---|
| **Name** | **For** | **Withheld** | **Broker Non-Votes** |
| Elliott Bisnow | 46243692 | 1967026 | 4282339 |
| Annette Reavis | 47312158 | 898560 | 4282339 |
| Alexander P. Schultz | 45970922 | 2239796 | 4282339 |
| Thomas S. (Tad) Smith | 45970922 | 3092402 | 4282339 |
| Andy Stuart | 47199374 | 1011344 | 4282339 |

---

**Proposal No. 2. Advisory Resolution on Executive Compensation**: The Company's stockholders approved, on an advisory basis, the 2024 compensation of the Company's named executive officers disclosed in the Executive Compensation section and the related tables, notes and narrative in the Proxy Statement. The voting results regarding this proposal are set forth below:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **For** | **Against** | **Against** | **Abstain** | **Abstain** | **Broker Non-Votes** | **Broker Non-Votes** |
| 39,627,579 |  | 7,309,085 |  | 1,274,051 |  | 4,282,342 |

---

**Proposal No. 3. The approval of an amendment to the Lindblad Expeditions Holdings, Inc. 2021 Long-Term Incentive Plan**: The Company's stockholders approved the amendment to the Lindblad Expeditions Holdings, Inc. 2021 Long-Term Incentive Plan to increase the number its common shares reserved under the plan by 4,600,000 shares. The voting results regarding this proposal are set forth below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **For** | **Against** | **Against** | **Abstain** | **Abstain** |
| 38,809,835 |  | 8,007,714 |  | 1,393,166 |

---

**Proposal No. 4. The Ratification of the Appointment of the Company**'**s Independent Registered Certified Public Accounting Firm for Fiscal Year 2025**: The Company's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered certified public accounting firm for fiscal year 2025. The voting results regarding this proposal are set forth below:

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| | | | | |
|:---|:---|:---|:---|:---|
| **For** | **Against** | **Against** | **Abstain** | **Abstain** |
| 50,228,832 |  | 1,858,935 |  | 405,290 |

---

---

| | |
|:---|:---|
| **<u>Item 9.01(d):</u>** | **<u>Financial Statements and Exhibits.</u>** |
| Exhibit 104 | Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document. |
| [Exhibit 10.1](ex_827173.htm) | [Amendment to the Lindblad Expeditions Holdings, Inc. 2021 Long Term Incentive Plan. \*](ex_827173.htm) |

---

\* Management compensatory agreement.

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **LINDBLAD EXPEDITIONS HOLDINGS, INC.**<br> (registrant) | **LINDBLAD EXPEDITIONS HOLDINGS, INC.**<br> (registrant) |
| June 5, 2025 | By: | /s/ Frederick Goldberg |
|  |  | Frederick Goldberg, Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**AMENDMENT NO. 1 TO THE**<br> **LINDBLAD EXPEDITIONS HOLDINGS, INC.**<br> **2021 LONG-TERM INCENTIVE PLAN**

This Amendment No. 1 (the "Amendment") to the Lindblad Expeditions Holdings, Inc. 2021 Long-Term Incentive Plan (the "Plan") is adopted by the Board of Directors ("Board") of Lindblad Expeditions Holdings, Inc., a Delaware corporation (the "Company") on April 11, 2025. This Amendment will become effective upon approval by the Company's stockholders at the Company's 2025 annual meeting.

**WHEREAS**, the Plan was originally adopted in 2021 with a reserve of 4,700,000 shares of the Company's common stock (the "Shares") plus the number of Shares, if any, available for grant under the Lindblad Expeditions Holdings, Inc. 2015 Long-Term Stock Incentive Plan and any prior equity incentive plans of the Company or its predecessor as of the effective date of the Plan, and a corresponding limit on the number of Shares that could be issued pursuant to the exercise of Incentive Stock Options (as defined in the Plan); and

**WHEREAS**, the Compensation Committee of the Board has recommended to the Board, and the Board believes it to be desirable and in the best interests of the Company, that the Plan be amended to increase the number of Shares reserved under the Plan, as well as the number of Shares that may be issued pursuant to the exercise of Incentive Stock Options, by 4,600,000, subject to stockholder approval of the increase in Shares.

**NOW THEREFORE, BE IT RESOLVED**, that the Plan is hereby amended as follows, contingent on approval by the Company's stockholders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 4.d of the Plan shall be amended and restated in its entirety to read as follows:

*Incentive Stock Option Limitations*. Notwithstanding anything to the contrary herein, no more than 9,300,000 Shares may be issued pursuant to the exercise of Incentive Stock Options, and no Shares may again be optioned, granted or awarded if it would cause an Incentive Stock Option not to qualify as an Incentive Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 10.c of the Plan shall be amended and restated in its entirety to read as follows:

*Effective Date and Term of Plan*. The Plan became effective when it was approved by the Company's stockholders on June 3, 2021. No Awards may be granted under the Plan after ten years from the earlier of (i) the date the Board adopted the Plan or (ii) the date the Company's stockholders approved the Plan, but Awards previously granted may extend beyond that date in accordance with the Plan. Upon the approval of the Plan by the Company's stockholders, any awards outstanding under the Prior Plans as of the date of such approval remained outstanding and, if applicable, exercisable pursuant to the terms of such individual grants and the Prior Plans. The Plan is hereby amended, effective as of the date of the Company's 2025 Annual Meeting of Stockholders, contingent on approval by the Company's stockholder on such date, to increase the Overall Share Limit and the number of Shares that may be issued pursuant to the exercise of Incentive Stock Options.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Section 11.aa. of the Plan shall be amended and restated in its entirety to read as follows:

***"Overall Share Limit***" means 9,300,000 Shares plus the number of Shares, if any, available for grant under the Prior Plan as of the effective date of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Except as expressly set forth in this Amendment, all other terms and conditions of the Plan shall remain in full force and effect.