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Marchex appoints Travis Fairchild as president

The compensation package includes two 400,000-RSU awards, with full vesting on the third and fifth anniversaries of the grant date.

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Form Type
8-K

Rhea-AI Filing Summary

Marchex, Inc. (MCHX) appointed Travis Fairchild president effective November 9, 2026; he will also serve as Co-Principal Executive Officer for SEC reporting. Fairchild was CEO of Archenia, Inc., which Marchex acquired in July 2026, and previously spent 18 years at Marchex in strategy and business development. Troy Hartless, the prior president, will continue as chief revenue officer, focused on new and emerging opportunities and sales channels.

Fairchild’s annual base salary will be $400,000. His appointment includes two awards of 400,000 RSUs each, vesting in full on the third and fifth anniversaries of the grant date, respectively; each RSU represents the right to receive one Class B common share upon vesting. Following a Change in Control, a company termination without Cause or Fairchild’s termination for Good Reason provides a lump sum of 12 months of base salary plus any earned prior-calendar-year bonus, capped at 100% of then annual salary, and 12 months of COBRA benefits. Termination due to death or disability provides 18 months of COBRA benefits. The terms also provide immediate vesting of all unvested time-based and performance options, restricted stock and RSUs in the event of a Change in Control, a company termination without Cause, or termination due to death or disability before a Change in Control.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Annual base salary $400,000 For the president appointment
RSU award, third-anniversary vesting 400,000 RSUs Vests in full on the third anniversary of the November 9, 2026 grant date
RSU award, fifth-anniversary vesting 400,000 RSUs Vests in full on the fifth anniversary of the November 9, 2026 grant date
Change-in-control lump-sum salary component 12 months of base salary Applies following a Change in Control under the stated termination conditions
Prior-calendar-year earned bonus cap 100% of then annual salary Cap on the bonus included in the stated change-in-control payment
COBRA benefits after qualifying post-change-in-control termination 12 months Following a Change in Control under the stated termination conditions
COBRA benefits after termination due to death or disability 18 months Termination of employment due to death or disability
restricted stock units financial
"400,000 restricted stock units (“RSUs”)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Change in Control regulatory
"following the occurrence of a “Change in Control”"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Good Reason regulatory
"termination by Fairchild for “Good Reason”"
COBRA benefits regulatory
"twelve months of COBRA benefits"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Travis Fairchild's compensation as MCHX president?

Travis Fairchild’s annual base salary will be $400,000, and his appointment includes two grants of 400,000 RSUs each. Each RSU represents the right to receive one share of Class B common stock upon vesting.

When do Travis Fairchild's MCHX RSUs vest?

One 400,000-RSU award vests in full on the third anniversary of the November 9, 2026 grant date, and the other 400,000-RSU award vests in full on the fifth anniversary.

What severance does MCHX provide Travis Fairchild after a change in control?

Following a Change in Control, a company termination without Cause or Fairchild’s termination for Good Reason provides a lump sum equal to 12 months of base salary plus any earned bonus for the prior calendar year, capped at 100% of then annual salary, and 12 months of COBRA benefits.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001224133False00012241332026-11-092026-11-09

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 9, 2026

Marchex, Inc.

(Exact name of Registrant as Specified in its Charter)

 

 

 

Delaware

000-50658

35-2194038

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

 

1448 NW Market St, Suite 500,

Seattle, WA

98107

(Address of principal executive offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (206) 331-3300

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Class B Common Stock

 

MCHX

 

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 

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 November 9, 2026, the Board of Directors of Marchex, Inc. (“Marchex” or the “Company”) appointed Travis Fairchild (“Fairchild”) President of Marchex. Fairchild, age 53, previously served as Chief Executive Officer ("CEO") of Archenia, Inc., which Marchex acquired in July 2026, and brings extensive experience in AI-powered customer engagement, strategic development, and enterprise technology solutions. Fairchild served as CEO of Archenia beginning in 2021, where he led the company’s strategy, sales, product development, and AI initiatives. Previously, he spent 18 years at Marchex in strategy and business development roles, helping expand the Company’s call analytics capabilities, execute strategic acquisitions, and develop solutions for Fortune 500 customers. Troy Hartless, previously President of Marchex, will continue to serve as Chief Revenue Officer focused on new and emerging opportunities and sales channels.

Fairchild’s annual base salary will be $400,000. In connection with his appointment as President and effective November 9, 2026 (the “Grant Date”), Fairchild was granted under the Corporation’s 2021 Stock Incentive Plan (the “Plan”): 400,000 restricted stock units (“RSUs”) with vesting in full on the third anniversary of the Grant Date; and 400,000 RSUs with vesting in full on the fifth anniversary of the Grant Date; and with each such RSU representing the right to receive one share of the Corporation’s Class B Common Stock upon vesting.

In the event that Fairchild is terminated by the Company without “Cause” (as such term is defined in the Company’s standard form Executive Officer offer letter as previously disclosed), or by Fairchild for “Good Reason” (defined as material diminution in duties, reduction in annual salary or target bonus from prior year, or relocation of place of performance of duties by more than 50 miles) following the occurrence of a “Change in Control” (as defined in the Plan), Fairchild will receive a lump sum payment equal to twelve months of base salary plus the amount of any earned bonus for the prior calendar year (such bonus amount capped at 100% of such officer’s then annual salary), and twelve months of COBRA benefits. In the event of termination of employment due to death or disability, Fairchild or his estate will receive eighteen months of COBRA benefits. In the event of a Change in Control, termination by the Company of Fairchild without “Cause” or termination by Fairchild due to death or disability prior to a Change in Control, 100% of any and all unvested time-based and performance options, restricted stock and restricted stock units held by Fairchild shall become immediately vested.

Fairchild will also serve as Co-Principal Executive Officer for SEC reporting purposes.

In connection with such appointment, Marchex entered into its standard form indemnity agreement for Marchex’s Section 16 executive officers and directors with Fairchild. There is no family relationship between Fairchild and any other executive officer or director of Marchex and there is no arrangement or understanding between Fairchild and any other person pursuant to which he was appointed President of Marchex. There are no transactions in which Fairchild has an interest requiring disclosure under Item 404(a) of Regulation S-K.

 


 

 

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.

 

 

 

 

MARCHEX, INC.

 

 

Date: November 10, 2026

By:

/s/ FRANCIS J. FEENEY

 

Name:

Francis J. Feeney

 

Title:

Corporate Secretary

 

 


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