Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.4
MARCHEX INC entered into Sublease with RentSpree, Inc. valued at approximately $337,000 (effective 2026-04-29).
- Action
- entry
- Agreement
- lease
- Counterparty
- RentSpree, Inc.
- Value
- approximately $337,000
- Effective
- 2026-04-29
Exact text from the filing
On April 29, 2026, Marchex, Inc., a Delaware corporation (the “Company”) entered into a Sublease Agreement (the “Sublease”) with RentSpree, Inc., a Delaware corporation (“RentSpree”), with respect to the sublease of the Company’s office space located at 1200 5 th Avenue, Suite 1300, Seattle, Washington. The term of the Sublease is May 1, 2026 through September 28, 2027 (the “Term”) and is for all 12,300 square feet. Under the Sublease, RentSpree is obligated to pay to the Company fixed monthly rent over the Term totaling approximately $337,000, with an initial rate of $19.25 per square foot increasing after 12 months to $19.50 per square foot.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
MARCHEX INC announced a impairment with charges of noncash impairment charge related to the right‐of‐use asset affecting right-of-use asset associated with the underlying office space.
- Type
- impairment
- Charge
- noncash impairment charge related to the right‐of‐use asset
- Affected area
- right-of-use asset associated with the underlying office space
Exact text from the filing
In connection with the Company’s entry into the Sublease Agreement with RentSpree described under Item 1.01 of this Current Report on Form 8‐K, the Company determined that the carrying value of its right‐of‐use asset associated with the underlying office space exceeds its estimated fair value. As a result, the Company will record a noncash impairment charge related to the right‐of‐use asset during the first quarter of 2026.
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