secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001564590-22-040073
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marchex approves 2023 bonus pool of $568K and equity grants to executives
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- Aggregate bonus pool target amount $568,438; maximum payout 195% of target.
- Russell Horowitz receives 72,000 options and 72,000 RSUs; Michael Arends receives 149,000 each.
- Bonuses for Horowitz and Arends weighted 33.3% each on new revenue, total revenue, and adjusted OIBA.
- CRO John Roswech target $250K based on revenue goals; COO Ryan Polley target $200K based on product revenue and tech expense.
- Equity vests on fifth anniversary unless performance targets or change-in-control triggers accelerate vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459022040073/0001564590-22-040073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459022040073/mchx-8k_20221230.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-040073

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