Marchex, Inc. (NASDAQ:MCHX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements for Certain Officers.
On July 7, 2017 (the “Effective Date”), each of Nicolas Hanauer and Ian Morris notified Marchex, Inc. (“Marchex” or the “Company”) of his decision not to stand for reelection to the Board of Directors of the Company (the “Board”) at the Annual Meeting of Stockholders to be held on August 21, 2017 (the “2017 Annual Meeting”). Each of their decisions is not due to any disagreement with the Company or the Board.
On the Effective Date, (i) the Board nominated Anne Devereux-Mills, Dennis Cline and M. Wayne Wisehart, all of whom are current independent directors of the Company, and Russell C. Horowitz, founder, consultant to the Company, member of the Office of the CEO and previously a director of the Company, for election at the 2017 Annual Meeting, and (ii) the Board approved a reduction in the size of the Board from five (5) to four (4) directors, effective immediately prior to the 2017 Annual Meeting.
About Marchex, Inc. (NASDAQ:MCHX)
Marchex, Inc. is an advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression. Its sales analytics products deliver actionable intelligence on the offline consumer journey to help prospects become customers. The Company’s product offerings include Marchex Call Analytics, Marchex Call Analytics for Search, Marchex Display Analytics, Marchex Call Marketplace and Local Leads. Marchex Call Analytics is an analytics platform for enterprises that depend on inbound phone calls to drive sales, appointments and reservations. Marchex Call Analytics for Search is a product for search marketers that drive phone calls from search campaigns. Marchex Display Analytics is a product for marketers that buy digital display advertising.
