Marin Software Incorporated (NYSE:MRIN) Files An 8-K Entry into a Material Definitive Agreement

Marin Software Incorporated (NYSE:MRIN) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.

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On March 17, 2020, Marin Software Incorporated (the “Company”) entered into Amendment #1 (the “Amendment”) to the Revenue Share Agreement (the “Agreement”) by and between the Company and Google LLC (“Google” and together with the Company generally, the “Parties”), dated as of December 17, 2018.  The Amendment is effective as of March 17, 2020.  

to the Amendment, the Parties deleted Section 10.3.10 of the Agreement, which had previously stated that Google had the right to terminate the Agreement if the Company’s Quarterly Adjusted EBITDA (as defined in the Agreement) is a negative number for the three months ending September 30, 2020.

The Company will file the Amendment as an exhibit to its Annual Report on Form 10-K for the year ended December 31, 2019.  The Company filed the Agreement as Exhibit 10.16 to its Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the Securities and Exchange Commission on March 14, 2019.

About Marin Software Incorporated (NYSE:MRIN)

Marin Software Incorporated provides a cross-channel, cross-device, enterprise marketing software platform for search, display and social advertising channels. The Company’s enterprise marketing software platform is offered as an integrated software-as-a-service (SaaS) solution for advertisers and agencies. The Company’s platform enables digital marketers to manage performance of their online advertising campaigns. Its software solution is designed to help its customers measure the effectiveness of their advertising campaigns through its reporting and analytics capabilities; manage and execute campaigns through its user interface and underlying technology that streamlines and automates functions, such as advertisement creation and bidding, across multiple publishers and channels, and optimize campaigns across multiple publishers and channels based on market and business data using its predictive bid management technology.

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