Marchex approves executive salary increases and equity grants to three officers

MARCHEX INC

Base salary raised to $400k for President/CRO Hartless, $375k for COO/CLO Feeney, $275k for CFO Nagle.
Option grants: 150k each to Hartless and Feeney, 125k to Nagle; vest 25% after 1 yr, remainder quarterly over 3 yrs.
RSU grants: 150k each to Hartless and Feeney, 125k to Nagle; full vest on 4th anniversary of grant date.
Nagle severance updated: lump sum of 12 months salary + earned bonus capped at 100% salary, plus 12 months COBRA if terminated w/o cause or for good reason after change in control.
Unvested equity accelerates 100% for Nagle if terminated w/o cause or due to death/disability before or after change in control.

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