Business Context and Reporting Period
Company: Travelzoo Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 4, 2008
Event: Entry into a Material Definitive Agreement (Lease for Headquarters)
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It discloses a specific contractual obligation:
- Lease Term: February 1, 2008, to January 31, 2014 (6 years).
- Aggregate Base Rent: Approximately $10 million.
- Leased Space: Approximately 10,612 square feet on the 37th floor of 590 Madison Avenue, New York, NY.
Material Changes
The Company entered into a new long-term lease agreement to establish its headquarters. This represents a new material commitment compared to the prior period, though no prior comparable lease terms are provided in this document.
Guidance, Outlook, and Risks
Management Commentary: The filing states the leased premises will comprise the Company's headquarters. No forward-looking financial guidance or strategic outlook is provided in this report.
Risks and Contingencies: The filing notes that the description of the Lease is qualified in its entirety by the full text of the attached exhibit (Exhibit 10.1). No specific risks or contingencies are detailed in the summary text.
Investor Verification Checklist
- Review Exhibit 10.1 (Agreement of Lease) for specific rent escalation clauses, termination rights, and additional operating cost obligations.
- Verify the impact of the $10 million aggregate rent commitment on future cash flow projections.
- Confirm the exact square footage and specific location details within the 37th floor of 590 Madison Avenue.