Late last month, R.H. Donnelly surprised everyone by announcing the sudden departure of Business.com CEO Jake Winebaum....the company had bought Business.com in July last year and quickly made Winebaum the lynchpin of its digital strategy as the new President of RHD’s interactive unit (RHDi).

His departure is being attributed to his desire to “spend more time with family”, though as we reported earlier this month, RHD CEO had a rather mixed picture. “We had a lot of ups into Jake, but one other thing that I’ll remind you, Jake remains a very large shareholder in R.H. Donnelley. One part of the agreement was that Jake had to buy a significant amount of RHD shares which have a three-year lockup and that’s obviously still in place.”

Now, in RHD’s 10-K annual report filed Friday with SEC, some details of his stake and continued involvement of sorts: “On August 23, 2007, Jacob Winebaum purchased from RHD 148,372 shares of RHD common stock for approximately $9.0 million...Winebaum has recently decided to terminate his employment with RHD to spend more time with his family, but will continue to serve as a strategic advisor to the Company and sit on RHD Interactive’s advisory board.” This means he’s locked in for at least three years to work in advisory capacity and hold this stock.

• RH Donnelley Crushed: Outlook Weak; Interactive Head And Business.com CEO Winebaum Leaving
• RH Donnelley’s Messages Mixed On Winebaum Departure