Business Context and Reporting Period
This Form 8-K is a current report filed by Expedia, Inc. on March 17, 2009. The filing addresses corporate governance changes, specifically the departure of a director and the election of a new director to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Director Resignation: Simon J. Breakwell resigned from the Board of Directors, effective upon the election of his successor. The resignation was confirmed not to be due to any disagreement with the Company regarding operations, policies, or practices.
- Director Election: José A. Tazón was elected to the Board of Directors on March 19, 2009.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding business performance. No risks, contingencies, or unusual items were disclosed in this specific report. Regarding compensation, Mr. Tazón's compensation aligns with the "Compensation of Non-Employee Directors" section of the April 28, 2008 Proxy Statement, with eligibility for restricted stock units contingent on reelection at the next annual meeting.
Key Facts for Investor Verification
- Confirm the effective date of Simon J. Breakwell's resignation relative to the election of his successor.
- Verify the compensation structure for José A. Tazón as detailed in the April 28, 2008 Proxy Statement.
- Check subsequent filings for the identity of the successor to Mr. Breakwell if not yet announced.