Lisa Su resigned from her position as Chief Accounting Officer of Travelzoo, effective September 9, 2022, to pursue a new business opportunity. On August 9, 2022, the Company appointed Wayne Lee, 51, as Chief Financial Officer, effective August 29, 2022. Mr. Lee previously served as Travelzoo's Chief Financial Officer from 2005 to 2011.

In 2011, Mr. Lee started his own consulting firm, Agnitio Partners LLC. Since then, he has been providing consulting services to both listed and private companies. In 2018, Mr. Lee served as Travelzoo's Chief Financial Officer for a period of six months.

Prior to working with the Company, Mr. Lee was Business Group Controller and North American Sales Controller of Novellus Systems Inc. Mr. Lee is a Certified Public Accountant who received his B.S. in Business Administration from the Walter A. Haas School of Business at the University of California, Berkeley in 1993. There are no family relationships between Mr. Lee and any of the officers or directors of the Company. There are no related party transactions with Mr. Lee that are reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K. In connection with Mr. Lee's appointment, the Company entered into a consulting agreement (the “Consulting Agreement”) with Agnitio Partners LLC, pursuant to which Mr. Lee will provide Chief Financial Officer services to the Company starting August 29, 2022.