secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2025-10-17T23:59:59+00:00
Accession:  0001193125-25-242523
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marchex approves executive salary increases and equity grants to three officers
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000119312525242523/0001193125-25-242523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000119312525242523/mchx-20251016.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-242523

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