secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001564590-23-003500
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Marchex discloses $4.6M at Silicon Valley Bank; says no material impact after FDIC action
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- Marchex had ~$4.6M in a bank account at SVB and ~$5.5M in a money market account managed by SVB Asset Management (securities held at non-SVB custodian).
- Joint statement by Treasury, Fed, and FDIC: depositors will have full access to SVB funds starting March 13, 2023.
- Company states it does not expect material adverse impact on bank balance, money market access, or liquidity.
- Marchex had ~$20.5M cash and cash equivalents at Dec 31, 2022, providing additional context.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023003500/0001564590-23-003500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459023003500/mchx-8k_20230310.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-003500

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