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EPAX > SEC Filings for EPAX > Form 8-K on 17-Apr-2013All Recent SEC Filings

Show all filings for AMBASSADORS GROUP INC | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers, Financial Statements and Exhibit

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

On April 11, 2013, Thomas J. Rusin, a Class I Director of Ambassadors Group, Inc. (the "Company"), informed the Company of his determination not to stand for re-election to the Board of Directors at the 2013 Annual Meeting of Stockholders. Mr. Rusin's determination not to stand for re-election to the Board of Directors did not relate to any disagreement with the Company.

8.01 Other Events.

On April 11, 2013, the Board of Directors of the Company voted to suspend the Company's quarterly dividend to stockholders effective immediately. The decision to suspend the dividend was, and any declaration of future cash dividends pursuant to the Company's dividend policy will be, determined by the Board of Directors based on a number of factors, including the Company's financial performance, earnings from operations and its available cash resources, its cash requirements and alternative uses of cash that could represent an opportunity to generate a greater return on investment for the Company. For these reasons, as well as others, there can be no assurance that the Board of Directors will or will not declare dividends in the future.

A copy of the Company's press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit 99.1: Press Release, dated April 16, 2013.

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