secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2022-09-16T23:59:59+00:00
Accession:  0001564590-22-031794
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Marchex terminates Seattle office lease; will make $671k payment by March 31, 2023.
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- Exercised lease termination option for Seattle office at 520 Pike Street, Suite 2000, effective March 31, 2023.
- Required termination payment of $670,984.38 to landlord due by Termination Date.
- Lease would have otherwise terminated on March 31, 2025; early termination due to excess space not fitting current needs.
- Company intends to procure alternative office space in Seattle area before March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459022031794/0001564590-22-031794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459022031794/mchx-8k_20220912.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-031794

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