Travelzoo 2004 Annual Report Download - page 9

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In reliance on the reviews and discussions referred to above, the committee recommended to the Board of
Directors (and the Board of Directors has approved) that the audited Ñnancial statements be included in the
Annual Report on Form 10-K for the Ñscal year ended December 31, 2004 for Ñling with the SEC. The
committee has retained KPMG LLP as Travelzoo's independent auditors for Ñscal year 2005.
While the committee has the responsibilities and powers set forth in its charter, it is not the duty of the
committee to plan or conduct audits or to determine that Travelzoo's Ñnancial statements are complete and
accurate and are in accordance with generally accepted accounting principles. This is the responsibility of
management and the independent auditor. Nor is it the duty of the committee to conduct investigations or to
assure compliance with laws and regulations and Travelzoo's business conduct policies.
Audit Committee
David J. Ehrlich (Chairman)
Donovan Neale-May
Kelly M. Urso
Director Compensation
During 2004, we compensated Mr. Ehrlich, Mr. Neale-May, and Ms. Urso for their services to us. Such
compensation consisted of cash paid to each director as shown in the table below.
2004
Name Compensation
Mr. Ralph BartelÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ N/A
Mr. Ehrlich ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $20,000
Mr. Neale-May ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $20,000
Ms. Urso ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $27,500
Directors are compensated based on an hourly rate based upon their attendance of meetings.
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