secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001564590-23-000834
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marchex grants stock options and restricted stock to three executive officers
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- Russell Horowitz: 51,000 options + 51,000 restricted shares.
- Ryan Polley: 50,000 options + 140,000 restricted shares.
- Michael Arends: 59,000 options + 59,000 restricted shares.
- Options vest 25% on first anniversary then quarterly over 4 years; restricted stock vests equally over 4 years.
- Grants effective Jan 25, 2023 under 2021 Stock Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023000834/0001564590-23-000834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023000834/mchx-8k_20230125.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-000834

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