Travelzoo 2003 Annual Report Download - page 36

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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 2003.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
Since December 30, 2003, our common stock has been quoted on the NASDAQ SmallCap Market
under the symbol ""TZOO.'' From August 28, 2002 to December 29, 2003, our common stock was quoted on
the OTC Bulletin Board. The following table sets forth, for the periods indicated, the high and low sales prices
per share of our common stock as reported by the OTC Bulletin Board and NASDAQ.
High Low
2003:
Fourth Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $10.25 $4.75
Third Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $11.00 $3.50
Second Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 6.50 $3.55
First QuarterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 5.00 $4.00
2002:
Fourth Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 6.50 $0.25
On March 26, 2004, the last reported sales price of the common stock on the NASDAQ SmallCap
Market was $7.93 per share.
Holders
As of December 31, 2003, there were approximately 129,600 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 of
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.
Item 6. Selected Consolidated Financial Data
The selected consolidated Ñnancial data set forth below are derived from audited consolidated Ñnancial
statements. The following selected consolidated Ñnancial data is qualiÑed in its entirety by, and should be read
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