secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0001564590-21-044898
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marchex appoints Ryan Polley as Chief Operating Officer
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- Polley, 49, previously served as Chief Product and Strategy Officer since March 2020.
- Annual base salary set at $350,000 with bonus opportunity up to $200,000 tied to product revenue and tech expense goals.
- Granted 95,000 stock options at $3.00 exercise price, vesting over 4 years with 25% on first anniversary.
- Options fully vest upon a Change in Control under the 2012 Stock Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459021044898/0001564590-21-044898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459021044898/mchx-8k_20210817.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-044898

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