secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0000950170-23-051121
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000095017023051121/0000950170-23-051121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000095017023051121/mchx-20230928.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-051121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer