MARCHEX INC 8-K

What Happened Marchex, Inc. announced on April 14, 2026 that it entered into a Settlement Agreement resolving the civil action Chris Barnard and Sinc McEvenue v. Marchex, Inc., C.A. No. 1:22-cv-01382-RGA (D. Del.). The Agreement calls for total consideration of $2.0 million and resolves all claims in that matter. The company had previously determined the settlement was probable and recorded an expense accrual in its 2025 Form 10‑K.

Key Details

• Total settlement amount: $2,000,000 (comprised of cash payments and a release of escrow funds).
• Payment schedule: $750,000 (plus release of $250,000 held in escrow) due on or before May 14, 2026; $500,000 due November 16, 2026; $500,000 due May 17, 2027.
• The company recorded an accrual for the expected settlement amount in its 2025 consolidated financial statements (see Note 10 of the 2025 Form 10‑K).
• The written Settlement Agreement will be filed as an exhibit to the company’s next applicable periodic report.

Why It Matters This 8‑K removes a known legal uncertainty for Marchex by formally resolving the Delaware suit. Because Marchex had already recorded an accrual in its 2025 financial statements, the settlement is unlikely to produce an additional charge to 2026 reported results, but it does create cash payment obligations extending into mid‑2027. Investors should note the timing and amounts of the cash outflows and can review the 2025 Form 10‑K (Note 10 and Legal Proceedings) and the forthcoming agreement exhibit for more detail.