Summary
Expedia, Inc. (EXPE) announced a change to its Board of Directors and Audit Committee composition, effective December 4, 2007. Craig Jacobson was elected to the Board and appointed to the Audit Committee. This addition appears to have resolved a compliance issue with Nasdaq's Rule 4350(d), as Nasdaq notified Expedia on December 6, 2007, that the company was back in compliance. Investors should note that Mr. Jacobson brings extensive legal and industry experience, primarily in the entertainment sector, and also holds board positions with academic and private financial institutions. His compensation for these roles is detailed in Expedia's previously filed May 1, 2007 Proxy Statement.
Key Highlights
- 1Craig Jacobson elected to Expedia's Board of Directors on December 4, 2007.
- 2Craig Jacobson appointed to the Company's Audit Committee.
- 3Expedia notified Nasdaq of Mr. Jacobson's addition to the Audit Committee on December 5, 2007.
- 4Nasdaq notified Expedia on December 6, 2007, that the company is in compliance with Nasdaq Rule 4350(d).
- 5Mr. Jacobson is a partner at Hansen, Jacobson, Teller, Hoberman, Newman, Warren & Richman, L.L.P., specializing in the motion picture and television industries.
- 6Mr. Jacobson serves on the board of trustees of USC's Fine Arts School and the board of directors of Aver Media.
Frequently Asked Questions
Mr. Jacobson's appointment to the Board of Directors and Audit Committee is significant as it resolved a Nasdaq compliance issue (Rule 4350(d)) for Expedia. His background in law and experience on other boards may bring valuable governance and strategic insights to the company.
Craig Jacobson is a partner at the law firm Hansen, Jacobson, Teller, Hoberman, Newman, Warren & Richman, L.L.P., with a practice focused on the motion picture and television industries. He also has experience with academic and private financial institutions.
Information regarding Mr. Jacobson's compensation for his services as a director and audit committee member is available in Expedia's definitive Proxy Statement dated May 1, 2007, under the section 'Compensation of Non-Employee Directors'.