Business Context and Reporting Period
This Form 8-K Current Report was filed by Expedia, Inc. on February 27, 2006. The filing addresses a corporate governance event involving the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a personnel change and contains no financial data.
Material Changes
Gregory B. Maffei resigned as a member of the Board of Directors effective February 27, 2006. Mr. Maffei did not serve on any board committees and was originally nominated by Liberty Media Corporation. Liberty Media has nominated William R. Fitzgerald to replace Mr. Maffei, exercising its contractual right under a Governance Agreement dated August 9, 2005, to nominate two directors.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Gregory B. Maffei resigned from the Expedia Board of Directors on February 27, 2006.
- William R. Fitzgerald has been nominated by Liberty Media Corporation to fill the vacancy.
- The nomination is based on a Governance Agreement between Expedia, Liberty Media, and Barry Diller.
- Mr. Maffei did not hold any committee positions on the Board.