Marchex re-elects all directors; grants options to CEO and CRO at $1.45 strike

MARCHEX INC

All five director nominees re-elected at annual meeting on Sept 28, 2023, with 139M+ votes for each.
CEO Edwin A. Miller receives 350,000 options and CRO Troy Hartless receives 300,000 options, vesting over 4 years.
Each non-employee director receives 15,000 restricted shares ($0.01/share), 20,000 options ($1.45), and $7,500 quarterly cash.
Advisory vote on executive compensation approved (143.4M for); frequency set at every 3 years (122.6M votes).
Ratification of independent auditor approved with 148.5M votes for, none against.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

MARCHEX INC shareholders approved Advisory Vote on the Frequency of Holding Future Advisory Votes on Compensation of Named Executive Officers - Three Years Approved.

Proposal: say on pay frequency
Outcome: passed

Exact text from the filing

Proposal 4. Advisory Vote on the Frequency of Holding Future Advisory Votes on Compensation of Named Executive Officers - Three Years Approved 1 Year 2 Years 3 Years Abstain Broker Non-Votes 21,520,842 34,292 122,638,861 2,722 7,318,279

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

MARCHEX INC shareholders approved Ratification of Selection of Independent Registered Public Accounting Firm.

Proposal: auditor ratification
Outcome: passed

Exact text from the filing

Proposal 2. Ratification of Selection of Independent Registered Public Accounting Firm - Approved For Against Abstain Broker Non-Votes 148,472,887 1,339 3,040,770 -

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

MARCHEX INC shareholders approved Advisory Vote to Approve Compensation of Named Executive Officers.

Proposal: say on pay
Outcome: passed

Exact text from the filing

Proposal 3. Advisory Vote to Approve Compensation of Named Executive Officers - Approved For Against Abstain Broker Non-Votes 143,362,648 829,307 4,762 7,318.279

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

MARCHEX INC shareholders approved Election of Directors.

Proposal: director election
Outcome: passed

Exact text from the filing

Proposal 1. Election of Directors - All Directors Re-Elected Nominee For Withheld Broker Non-Votes Michael Arends 144,023,443 173,274 7,318,279 Dennis Cline 139,009,913 5,186,804 7,318,279 Donald Cogsville 139,905,735 4,290,982 7,318,279 Russell C. Horowitz 139,764,690 4,432,027 7,318,279 M. Wayne Wisehart 139,267,647 4,929,070 7,318,279

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461 shareholder votes filed in the last 30 days. Browse all shareholder votes →

MARCHEX INC filing history →

Source: SEC EDGAR

accession 0000950170-23-051121

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