Marchex grants 400k stock options to CEO Miller and 300k to CRO Hartless; updates severance terms

MARCHEX INC

CEO Miller: 250k options (4-yr, 25% yr1) plus 150k options (cliff vest yr4); exercise price = July 26 close.
CRO Hartless: 200k options (4-yr, 25% yr1) plus 100k options (cliff vest yr4); same exercise price.
Updated severance: termination without cause/good reason after CIC: 12-month salary + prior bonus (capped) + 12-month COBRA.
Death/disability: 18-month COBRA; CIC or termination without cause before CIC: full equity acceleration.

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