Travelzoo 2015 Annual Report Download - page 33

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29
Forward-Looking Statements
Disclosures in this Compensation Discussion & Analysis may contain certain forward-looking. Statements that do not
relate strictly to historical or current facts are forward-looking and usually identified by the use of words such as "anticipate,"
"estimate," "approximate," "expect," "intend," "plan," "believe" and other words of similar meaning in connection with any
discussion of future operating or financial matters. Without limiting the generality of the foregoing, forward-looking statements
contained in this report include the matters discussed regarding the expectation of compensation plans, strategies, objectives,
and growth and anticipated financial and operational performance of the Company and its subsidiaries. A variety of factors
could cause the Company's actual results to differ materially from the anticipated results or other expectations expressed in the
Company's forward-looking statements. The risks and uncertainties that may affect the operations, performance and results of
the Company's business and forward-looking statements include, but are not limited to those set forth herein. Any forward-
looking statement speaks only as of the date on which such statement is made and the Company does not intend to correct or
update any forward-looking statements, whether as a result of new information, future events or otherwise.
Compensation Committee Report
The information contained in this report shall not be deemed to be "soliciting material" or "filed" with the SEC or
subject to the liabilities of Section 18 of the Exchange Act, except to the extent that Travelzoo specifically incorporates it by
reference into a document filed under the Securities Act or the Exchange Act.
The Company's Compensation Committee has reviewed and discussed the CD&A with management and, based on
such review and discussions, the Compensation Committee recommended to the Company's Board of Directors that the CD&A
be included in the proxy statement on Schedule 14A.
Compensation Committee
Michael Karg (Chair)
Mary Reilly