MARCHEX INC 8-K

What Happened

• Marchex, Inc. announced on April 29, 2026 (filed in an 8-K) that it entered into a Sublease Agreement with RentSpree, Inc. for the Company’s office at 1200 5th Avenue, Suite 1300, Seattle, Washington. The Sublease term runs from May 1, 2026 through September 28, 2027 and covers all 12,300 square feet of the space. RentSpree will pay fixed monthly rent over the Term totaling approximately $337,000.

Key Details

• Sublease term: May 1, 2026 – September 28, 2027.
• Space: 12,300 square feet (1200 5th Avenue, Suite 1300, Seattle).
• Rent: Total fixed rent over the Term ≈ $337,000; initial rate $19.25 per sq ft, increasing after 12 months to $19.50 per sq ft.
• The full Sublease agreement will be filed as an exhibit to Marchex’s next applicable periodic report or registration statement.

Why It Matters

• This is a material real-estate arrangement affecting Marchex’s occupancy and cash receipts: the company will receive a known, fixed payment stream (≈ $337K) over the ~17-month sublease term. For investors, the item is relevant to the company’s working capital and office-cost exposure.
• The filing also references Item 2.06 (Material Impairments); however, details of any impairment disclosures were not provided in the excerpt of the 8-K included here — refer to the full 8-K or upcoming periodic report for complete information.