secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000950170-23-056856
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marchex appoints Holly Aglio as CFO effective October 30, 2023
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- Holly Aglio appointed CFO, previously CFO of NetCentrics (2021-2023) and financial roles at Govplace, Artel, Apptis, and PwC.
- Base salary $330,000; $50,000 signing bonus repayable if resigns within one year.
- Target annual bonus $175,000 starting 2024 based on performance; option for 300,000 shares vesting over 4 years.
- Option vest: 25% on first anniversary, then quarterly; exercise price is closing price on start date.
- Severance: 3 months salary if terminated without cause before one year; 6 months after one year, plus accelerated vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000095017023056856/0000950170-23-056856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000095017023056856/mchx-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056856

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