Summary of INFOSPACE INC - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On May 11, 2009, the Board of Directors of InfoSpace, Inc. ("InfoSpace" or the "Company") elected Elizabeth Huebner to serve as a director of InfoSpace, filling a vacancy among the Company's three Class III directors, whose terms expire in 2011. At the time of her election to the Company's Board of Directors, Ms. Huebner was also appointed to serve as a member of the Audit Committee of the Board of Directors.

(e) On May 11, 2009, the Compensation Committee of the Company's Board of Directors (the "Compensation Committee") approved and adopted the 1H2009 InfoSpace Executive Bonus Plan (the "1H2009 Executive Plan").

The 1H2009 Executive Plan provides for payment of cash bonuses, upon the attainment of certain performance targets, to the Company's President and Chief Executive Officer, Chief Financial Officer and Treasurer, Chief Technology Officer, Vice President of Distribution and Business Development, Vice President of Corporate Development and Chief Strategy Officer, General Counsel and Secretary, and Chief Accounting Officer. The payments of these cash bonuses is based on (i) the attainment of specific consolidated revenue and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, adjusted for non-recurring and non-operational cost items) objectives that are reviewed, approved and established by the Compensation Committee and (ii) the achievement of individual performance objectives by the executive, other than the CEO, that are established by the Compensation Committee. The target bonus amount for each of the participants in the 1H2009 Executive Plan is between 30% and 100% of such participant's base salary, as determined by the Compensation Committee and in accordance with the employment agreement of the relevant executive.

The foregoing description of the 1H2009 Executive Plan does not purport to be complete, and is qualified in its entirety by the 1H2009 Executive Plan, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.