---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-242523"
form_type: "8-K"
ticker: "MCHX"
cik: "0001224133"
company_name: "MARCHEX INC"
filed_at: "2025-10-17T23:59:59+00:00"
generated_at: "2026-05-17T03:21:30.646956+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Marchex approves executive salary increases and equity grants to three officers

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-242523
- form_type: 8-K
- ticker: MCHX
- cik: 0001224133
- company_name: MARCHEX INC
- filed_at: 2025-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1224133/000119312525242523/0001193125-25-242523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1224133/000119312525242523/mchx-20251016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-242523
- JSON: https://secwatch.observer/filing/0001193125-25-242523.json
- Plain text: https://secwatch.observer/filing/0001193125-25-242523.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.