SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 22, 2017
(Exact name of registrant as specified in its charter)
(State or Other
590 Madison Avenue, 37th Floor
New York, New York
(Address of principal executive offices)
Registrant’s telephone number, including area code (212) 484-4900
(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 ( see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 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.
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.
May 26, 2017
/s/ Glen Ceremony
Chief Financial Officer