{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-000631","form_type":"8-K","ticker":"TZOO","cik":"0001133311","company_name":"TRAVELZOO","filed_at":"2023-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.947419+00:00","generated_at":"2026-06-20T19:19:20.321213+00:00","sec_items":["3.02","5.01","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Travelzoo closes $15M stock sale to largest shareholder, triggering change of control","bullets":["Issued 3.41M shares at $4.40/share to Azzurro Capital (Ralph Bartel trust) raising $15M; shareholder approval Dec 28, closed Dec 30, 2022.","Consideration: $1M cash, $4.75M promissory note due June 30, 2023, and transfer of all MTE stock via merger.","Azzurro’s stake increased from 36.6% to 50.3%, giving the Ralph Bartel 2005 Trust control.","Ralph Bartel resigned as director of Travelzoo and its subsidiaries effective Closing Date.","Shares issued under Section 4(a)(2)/Reg D with restrictive legend; investor represented investment intent."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-000631","json":"https://secwatch.observer/filing/0001140361-23-000631.json","markdown":"https://secwatch.observer/filing/0001140361-23-000631.md","text":"https://secwatch.observer/filing/0001140361-23-000631.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1133311/000114036123000631/0001140361-23-000631-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1133311/000114036123000631/brhc10046303_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T19:19:20.321213+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f782bfaa16","claim":"Ralph Bartel resigned as director at TRAVELZOO.","evidence_excerpt":"Ralph Bartel resigned as a director of the Company and its subsidiaries.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1133311/000114036123000631/0001140361-23-000631-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"befe38e8939430d2bdbc3e97d4db7376600d47ff","claim":"TRAVELZOO underwent a change of control.","evidence_excerpt":"As a result of the consummation of the transactions stipulated by the SPA, a change of control of the Company occurred, whereby the Investor’s shareholdings in the Company increased from approximately 36.6% to 50.3%.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1133311/000114036123000631/0001140361-23-000631-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}