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Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND), whose stock has delivered a robust 29% return over the past year and is currently trading at $12.86, announced Tuesday that it has amended its agreements with Natural Habitat, Inc. and Ben Bressler, according to a statement based on a filing with the Securities and Exchange Commission. According to InvestingPro data, the company has shown strong momentum with a 11% price return over the past six months.
The company, along with Natural Habitat and Bressler, entered into a Third Amendment to their Stockholders’ Agreement. This amendment replaces a previous 2026 put right—which allowed Bressler to require Lindblad to purchase his remaining interest in Natural Habitat—with a perpetual put right that can be exercised annually for as long as Bressler retains an interest in the company.
In a related move, Lindblad, Natural Habitat, and Bressler also executed a Second Amended and Restated Employment Agreement. The new agreement, which amends and restates the prior employment contract dated December 1, 2022, extends Bressler’s employment term through December 31, 2028. It also establishes a bonus pool based on the net profits of Natural Habitat and its consolidated subsidiaries, from which Bressler may receive a net profit bonus. Additionally, the agreement provides Bressler the opportunity to receive options in connection with the exercise of the perpetual put right and removes references to expired compensation opportunities.
Lindblad Expeditions Holdings, Inc. is incorporated in Delaware and is headquartered in New York, New York. Its common stock trades on the NASDAQ Stock Market under the symbol LIND.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Lindblad Expeditions Holdings reported strong financial performance for the first quarter of 2025, with total revenue reaching $180 million, surpassing the forecast of $163.92 million. The company also achieved a positive earnings per share (EPS) of $0.01, exceeding the anticipated loss of $0.02 per share. This marks a 17% year-over-year increase in total revenue, driven by strategic initiatives and a growing demand in the adventure travel market. Texas Capital Securities initiated coverage on Lindblad with a Buy rating and a price target of $16, highlighting the company’s potential to capitalize on the growing adventure tourism sector. Additionally, Stifel analysts reaffirmed their Buy rating on Lindblad, although they adjusted the price target to $17 from $18, citing improved occupancy rates and healthy demand. The partnership with Disney (NYSE:DIS) and National Geographic is expected to contribute to occupancy rates returning to pre-pandemic levels by 2026. Analysts from both firms express confidence in Lindblad’s strategic positioning and future growth potential, despite current economic uncertainties.
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