Marchex Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Leadership Update
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Item 1.01 Entry into a Material Definitive Agreement.
The information set forth under Item 5.02 of this Current Report on Form 8-K is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements for Certain Officers.
On March 20, 2025 (the “Grant Date”), the Compensation Committee of the Board of Directors of Marchex, Inc. (the “Corporation”), pursuant to its annual review of compensation matters, approved restricted stock units (“RSUs”) grants under the Corporation’s 2021 Stock Incentive Plan of 106,250 RSUs to Edwin Miller, Marchex’s Chief Executive Officer; 87,500 RSUs to Troy Hartless, Marchex’s Chief Revenue Officer; and 7,500 RSUs to Brian Nagle, Marchex’s Principal Financial Officer. Each RSU represents the right to receive one share of the Corporation’s Class B Common Stock upon vesting, and with vesting of such RSUs in full on the first anniversary of the Grant Date.
Pursuant to the requirements of the Securities Exchange Act of 1934, Marchex has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
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MARCHEX, INC. |
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Date: March 21, 2025 |
By: |
/s/ FRANCIS J. FEENEY |
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Name: |
Francis J. Feeney |
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Title: |
Secretary |