Travelzoo 2002 Annual Report Download - page 31

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Item 3. Legal Proceedings
From time to time, Travelzoo Inc. is subject to legal proceedings and claims in the ordinary course of
business, including claims of alleged infringement of trademarks, copyrights and other intellectual property
rights, as well as claims by former employees. We are not currently aware of any legal proceedings or claims
pending or threatened that we believe will have, individually or in the aggregate, a material adverse eÅect on
Travelzoo's Ñnancial condition or results of operations.
Item 4. Submission of Matters to a Vote of Security Holders
No matters were submitted to a vote of security holders during the fourth quarter of 2002.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
Our common stock has been quoted on the OTC Bulletin Board under the symbol TVZO since
August 28, 2002. Trading has been very limited. The following table sets forth, for the periods indicated, the
high and low sales prices per shares of our common stock as reported by the OTC Bulletin Board.
High Low
2002:
Fourth Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $6.00 $3.00
Third Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $7.00 $6.00
On March 26, 2003, the last reported sales price of the common stock on the OTC Bulletin Board was
$4.50 per share.
Holders
As of March 25, 2003, there were approximately 126,400 holders of record of the common stock.
Dividend Policy
Travelzoo has not declared or paid any cash dividends since inception and does not expect to pay cash
dividends for the foreseeable future. We currently intend to retain future earnings to Ñnance the expansion or
our business. The payment of dividends will be at the discretion of our board of directors and will depend upon
factors such as future earnings, capital requirements, our Ñnancial condition and general business conditions.
15