Travelzoo 2007 Annual Report Download - page 19

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The Company’s Compensation Committee has reviewed and discussed the Compensation Discussion and
Analysis with management and, based on such review and discussions, the Compensation Committee recom-
mended to the Company’s board of directors that the Compensation Discussion and Analysis be included in this
proxy statement on Schedule 14A.
Compensation Committee
Ralph Bartel (Chairman)
Kelly M. Urso
Compensation Committee Interlocks and Insider Participation
During 2007, Ralph Bartel, our Chief Executive Officer, and Kelly M. Urso were members of the Compen-
sation Committee. Mr. Ralph Bartel did not participate in the determination of his compensation as an executive
officer during 2007. In 2007, there were no transactions between the Company and Mr. Ralph Bartel, other than the
payment of Mr. Ralph Bartel’s salary and reimbursement of Company-related expenses.
Summary Compensation Table
The following summary compensation table sets forth information concerning the compensation to our Chief
Executive Officer, Chief Financial Officer, the three other most highly compensated executive officers, and Shirley
Tafoya during the fiscal year ended December 31, 2007.
Name and Principal Position
Fiscal
Year
Salary
($)
Bonus
($)
Stock
Awards
($)
Option
Awards
($)
Incentive Plan
Compensation
($)(1)
Non-Equity
All Other
Compensation
($)
Total
($)
Ralph Bartel . . . . . . . . . . . . . . . . . . . . 2007 322,004 — — — 25,000(10) — 347,004
Chairman, President, and Chief . . . . .
Executive Officer
2006 329,723 1,500(6) — — 15,000(10) 1,500(17) 347,723
Wayne Lee(2) . . . . . . . . . . . . . . . . . . . 2007 201,500 — — — 25,000(10) 1,500(18) 228,000
Chief Financial Officer 2006 154,083 1,500(6) — — — 3,000(18) 158,583
Christopher Loughlin(3) . . . . . . . . . . . . 2007 408,369 — — — 170,099(11) 28,586(19) 607,054
Executive Vice President, Europe 2006 293,490 1,500(6) — — 144,944(12) 16,396(19) 456,330
Raymond Ng(4) . . . . . . . . . . . . . . . . . 2007 233,421 — — — 200,081(13) 3,360(20) 436,862
Executive Vice President, Asia 2006
Shirley Tafoya . . . . . . . . . . . . . . . . . . 2007 475,133 25,000(7) — — 67,878(14) 1,500(18) 569,511
Senior Vice President of Sales 2006 338,250 2,750(8) — — 186,510(15) 1,500(17) 529,010
Jason Yap(5) . . . . . . . . . . . . . . . . . . . . 2007 130,560 40,039(9) — — 75,077(16) 2,437(20) 248,113
Executive Vice President, Japan, India
and Australia
2006
(1) The amounts reflected in this column reflect the performance-based cash awards paid to the named executives
under our Executive Bonus Plan and pursuant to certain employment agreements, as discussed in the
Compensation Discussion and Analysis above. These amounts were paid during fiscal 2007 and fiscal 2006
with the exception of amounts due for the fourth quarter of 2006, which were paid in January 2007, and the
amounts due for the fourth quarter of 2007, which were paid in January 2008.
(2) Mr. Lee became the Chief Financial Officer on September 17, 2006. Mr. Ralph Bartel fulfilled the duties of
this position prior to Mr. Lee’s appointment.
(3) Mr. Loughlin’s compensation is denominated in British pounds and was translated into U.S. dollars using the
average 2007 and 2006 daily exchange rates of £1 = $2.00181 and £1 = $1.8426, respectively, per OANDA
Corporation.
(4) Mr. Ng commenced employment in March 2007. Mr. Ng’s compensation is denominated in Hong Kong
dollars and was translated into U.S. dollars using the average 2007 daily exchange rate of HKD$1 = $0.12818
per OANDA Corporation.
(5) Mr. Yap commenced employment in May 2007. Mr. Yap’s compensation is denominated in Hong Kong dollars
and was translated into U.S. dollars using the average 2007 daily exchange rate of HKD$1 = $0.12818 per
OANDA Corporation.
13