secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123364
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marchex grants 50,000 stock options to each director and $7,500 quarterly cash retainer
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- Each director receives 50,000 stock options under 2021 Stock Incentive Plan.
- Exercise price equals closing price on November 6, 2024 (grant date).
- Options vest 50% on first and second anniversaries; full vesting on change of control.
- Independent directors also receive $7,500 cash per quarter for board service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000095017024123364/0000950170-24-123364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000095017024123364/mchx-20241106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123364

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