Travelzoo 2014 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2014 Travelzoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

18
Summary Compensation Table
The following summary compensation table sets forth information concerning the compensation to our Chief
Executive Officer, Chief Financial Officer and the three other most highly compensated executive officers during the fiscal
years ended December 31, 2014, 2013 and 2012.
Name and Principal
Position Fiscal
Year Salary
($) Bonus
($)
Option
Awards
($)(1)
Non-Equity
Incentive Plan
Compensation
($)(2)
All Other
Compensation
($) Total
($)
Christopher Loughlin (3)
2014 581,000 — — 48,887 (10) 1,500 (11) 631,387
Chief Executive Officer
2013 562,000 60,000 (8) 1,415,250 184,364 (10) 24,429 (11) 2,246,043
2012 562,000 17,500 (8) — — 46,327 (11) 625,827
Glen Ceremony (4)
2014 460,000 25,000 (8) — 22,223 (10) 3,869 (12) 511,092
Chief Financial Officer
(effective June 15,
2011) 2013 450,000 88,889 (8) — 116,178 (10) 3,903 (12) 658,970
2012 450,000 50,000 (8) 953,800 87,500 (10) 1,500 (12) 1,542,800
Shirley Tafoya (5)
2014 382,180 — (186,000) (9) 40,000 (10) 386,370 (13) 622,550
President, North
America
2013 542,000 30,000 (8) — 443,561 (10) 4,173 (13) 1,019,734
2012 542,000 110,000 (8) 953,800 80,000 (10) 3,869 (13) 1,689,669
Richard Singer (6)
2014 329,284 — — 128,725 (10) 26,980 (14) 484,989
Managing Director,
Europe (effective July
1, 2012) 2013 311,573 9,099 (8) — 291,295 (10) 24,168 (14) 636,135
2012 267,688 32,918 (8) — 49,374 (10) 10,341 (14) 360,321
Simon Talling-Smith (7)
2014 420,000 — — 85,625 (10) 17,903 (15) 523,528
President, Products &
Emerging Business
(effective August 1,
2013) 2013 175,000 — — 62,500 (10) 29,802 (15) 267,302
Notes:
(1) Under SEC rules, the values reported reflect the aggregate grant date fair value of grants of stock options to each of the
listed officers in the years shown. We calculate the grant date fair value of stock options using the Black-Scholes option
pricing model. For a more detailed discussion on the valuation model and assumptions used to calculate the fair value of
our options, refer to Note 9 to the consolidated financial statements contained in our 2014 Annual Report on Form 10-K
filed on February 12, 2014.
(2) The amounts reflected in this column reflect the performance-based cash awards paid to the named executives pursuant to
certain employment agreements, as discussed in the CD&A above.
(3) Mr. Loughlin became the Chief Executive Officer on July 1, 2010. Mr. Loughlin's base salary increased to $600,000 per
year effective July 1, 2014.