This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ambassadors Group, Inc. Announces Board Of Directors And Management Changes

SPOKANE, Wash., May 7, 2014 /PRNewswire/ -- Ambassadors Group, Inc. (NASDAQ:EPAX), a leading provider of educational travel experiences and online education research materials, held its annual stockholders meeting today. The slate of seven directors, recommended by the board of directors, was elected to serve for the upcoming year. Two new directors joined the board: Jefferson Gramm, a principal at Bandera Partners, LLC, and Philip B. Livingston, former Chief Executive Officer, LexisNexis Web Based Marketing Solutions. Bandera Partners owns approximately 18% of the Company's outstanding shares.

Following the stockholders meeting, the board of directors met and elected Lisa O'Dell Rapuano to serve as its Chairman. Rapuano is the founder and Chief Executive Officer of Lane Five Capital Management LP, a long-biased, concentrated, valuation-driven investment partnership. She was first elected to the board in 2012 and has served on the compensation and nominating committees. Rapuano graduated from Yale University and holds a Chartered Financial Analyst professional designation. Rapuano's status as representative of one the Company's largest stockholders gives her important perspective as board Chair.

"Our board is committed to creating value for our stockholders and maximizing the opportunities for improvement in the business. We continue to believe we offer a great product in the market and will accelerate our transition to a more efficient cost structure and marketing approach," said Ms. Rapuano. 

The board also appointed Philip Livingston to serve as the Company's new Interim Chief Executive Officer.  Livingston was previously the Chief Executive Officer of LexisNexis Web Based Marketing Solutions from 1999 to 2013.  He has previously served on numerous boards of directors and his management experience includes President and CEO of Financial Executives International, CFO of Catalina Marketing Corporation, and CFO of Celestial Seasoning Inc. He graduated from the University of Maryland, College Park and holds an MBA from the University of California, Berkeley. Livingston replaces Anthony F. Dombrowik, who will be pursuing opportunities outside of the Company. 

"The board would like to thank Mr. Dombrowik for his years of service to the company and wishes him well in his future business endeavors," said Rapuano,

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs