Travelzoo (NASDAQ:TZOO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Travelzoo (NASDAQ:TZOO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 22, 2017, Holger Bartel, who is the Company’s Global CEO and who previously served as Chairman of the Board and Global CEO, left the Company’s board of directors. Ralph Bartel, who founded Travelzoo in 1998 and served as Travelzoo’s CEO until 2008, will serve as the new Chairman of the Board. The Company believes that the separation of the roles of Chairman of the Board and CEO represents best practice in corporate governance. In connection with this change, Holger Bartel’s salary was increased from $1 to $232,000 per year (annualized). The difference between the old and the new salary is the same as the annual fee which Holger Bartel previously received as Chairman of the Board. The total compensation which Holger Bartel receives from Travelzoo remains the same.
> About Travelzoo (NASDAQ:TZOO)
Travelzoo Inc. (Travelzoo) is a media commerce company. The Company informs over 30 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America. The Asia Pacific segment consists of the Company’s operations in Australia, China, Hong Kong, Japan, Taiwan and Southeast Asia. The Europe segment consists of the Company’s operations in France, Germany, Spain and the United Kingdom. The North America segment consists of Travelzoo’s operations in Canada and the United States. Its publications and products include the Travelzoo Websites, the Travelzoo Top 20 e-mail newsletter, the Newsflash e-mail alert service, the SuperSearch pay-per-click travel search tool, and the Travelzoo Network, a network of third-party Websites that list travel deals published by Travelzoo. Travelzoo (NASDAQ:TZOO) Recent Trading Information
Travelzoo (NASDAQ:TZOO) closed its last trading session up +0.30 at 10.75 with 95,142 shares trading hands.
Travelzoo Inc. (Travelzoo) is a media commerce company. The Company informs over 30 million members in Asia Pacific, Europe and North America, as well as various Website users, about the travel and entertainment deals available from a range of companies. The Company operates through three segments: Asia Pacific, Europe and North America. The Asia Pacific segment consists of the Company’s operations in Australia, China, Hong Kong, Japan, Taiwan and Southeast Asia. The Europe segment consists of the Company’s operations in France, Germany, Spain and the United Kingdom. The North America segment consists of Travelzoo’s operations in Canada and the United States. Its publications and products include the Travelzoo Websites, the Travelzoo Top 20 e-mail newsletter, the Newsflash e-mail alert service, the SuperSearch pay-per-click travel search tool, and the Travelzoo Network, a network of third-party Websites that list travel deals published by Travelzoo. Travelzoo (NASDAQ:TZOO) Recent Trading Information
Travelzoo (NASDAQ:TZOO) closed its last trading session up +0.30 at 10.75 with 95,142 shares trading hands.
