secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001564590-23-001476
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marchex appoints Edwin Miller as CEO; Polley becomes President; Horowitz and Arends in new roles
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- Edwin Miller named CEO effective Feb 3, 2023; base salary $425,000, bonus target $376,250, and 675,000 stock options.
- Ryan Polley promoted to President, retains COO role; oversees product, engineering, and AI strategy.
- Russell Horowitz steps down as Co-CEO, remains Chairman under a one-year consulting agreement at $21,250/month.
- Michael Arends, former Co-CEO, named Vice Chairman; continues as principal financial officer.
- John Roswech resigns as CRO; will consult for six months at $33,333/month plus 50,000 restricted shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023001476/0001564590-23-001476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023001476/mchx-8k_20230203.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-001476

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