Lindblad Expeditions (NASDAQ: LIND) plans 2026 ship retirements, 2027 Alaska

Rhea-AI Filing Summary

Lindblad Expeditions Holdings, Inc. is updating its fleet plans, announcing that the National Geographic Sea Bird and National Geographic Sea Lion will retire from its fleet in October 2026 after completing their farewell season.

Beginning in 2027, the company plans to expand its Alaska program by chartering the Greg Mortimer, which it says will support more exploration, offer more modern onboard accommodations and common spaces, introduce new itineraries, and further its long-standing expedition travel legacy.

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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): December 11, 2025

LINDBLAD EXPEDITIONS HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-35898		27-4749725
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

11 West 42nd Street, Suite 22 B3, New York, New York		10036
(Address of principal executive offices)		(Zip Code)

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

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		LIND		The NASDAQ Stock Market LLC

(Former name or former address, if changed since last report)

96 Morton Street, 9th Floor, New York, New York 10014

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))

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.  ☐

Item 7.01          Regulation FD Disclosure.

On December 11, 2025, Lindblad Expeditions Holdings, Inc. (the “Company”), announced the October 2026 retirement of the National Geographic Sea Bird and the National Geographic Sea Lion from its fleet upon completion of their farewell season.  The Company will expand its Alaska program beginning in 2027, with the charter of the Greg Mortimer, enhancing the Company’s ability to explore more, offer modern onboard accommodations and common spaces as well as new exciting itineraries, and continue building on its pioneering legacy.

Item 9.01              Financial Statements and Exhibits.

Exhibit 99.1		Press Release December 11, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. (registrant)
December 11, 2025	By:	/s/ Natalya Leahy
		Natalya Leahy Chief Executive Officer

FAQ

What fleet changes did Lindblad Expeditions (LIND) announce on December 11, 2025?

Lindblad Expeditions announced the planned October 2026 retirement of the National Geographic Sea Bird and National Geographic Sea Lion, and the charter of the Greg Mortimer to support an expanded Alaska program starting in 2027.

When will the National Geographic Sea Bird and Sea Lion retire from the Lindblad (LIND) fleet?

The National Geographic Sea Bird and National Geographic Sea Lion are scheduled to retire from Lindblad’s fleet in October 2026, following completion of their farewell season.

How will Lindblad Expeditions (LIND) change its Alaska program starting in 2027?

Beginning in 2027, Lindblad Expeditions plans to expand its Alaska program by adding capacity through the charter of the Greg Mortimer, enabling more exploration and new itineraries.

What is the role of the Greg Mortimer in Lindblad’s (LIND) future operations?

The Greg Mortimer will be chartered by Lindblad Expeditions starting in 2027 to enhance its Alaska program, with the company highlighting more modern onboard accommodations, improved common spaces, and new, exciting itineraries.

Why did Lindblad Expeditions (LIND) issue this disclosure under Regulation FD?

The company used a Regulation FD disclosure to provide investors and the market with equal access to information about its planned 2026 retirement of two National Geographic vessels and the 2027 expansion of its Alaska program via the Greg Mortimer charter.