Marchex (MCHX) executive compensation, 2025 proxy

Edwin Miller, Former CEO, was paid $1.2M in 2024, down 19% from $1.5M the year before.

Filed
November 4, 2025
Annual meeting
December 16, 2025
Pay year
2024
Named executives
4
CEO total pay
$1.2M-19% vs prior year
Prior say-on-pay support
95%of votes cast
2024 NEO average total
$624,391Pay-versus-performance table
2024 average compensation paid
$681,340Non-PEO NEOs
CEO option awards
$376,000Grant-date fair value
CEO bonus
$376,2502024 bonus
Post-CIC salary payment
12 monthsPlus prior-year bonus and COBRA
Equity acceleration
100%Specified termination events

How Miller was paid

$1.2M in total for 2024, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary36%Bonus32%Option awards32%All other compensation0%

Named executive officers

ExecutiveTotal
Edwin MillerFormer CEO$1,179,906
Troy HartlessCRO$918,781
Russell HorowitzChairman$349,013
Holly AglioFormer CFO$330,000

What changed and why

  • 1,179,906 was Edwin Miller's 2024 total compensation, down from 1,460,113 in 2023.
  • 95%95% of votes cast supported the company's executive compensation in the September 2023 say-on-pay vote.
  • 2024 executive compensation included Miller's 376,000 option award and 376,250 bonus.
  • 2024 compensation included a 54,000 stock award and 40,013 in other compensation for Russell Horowitz.
  • 12 months of salary, prior-year bonus and COBRA benefits apply after specified post-change-in-control terminations.
  • 100%100% of unvested time-based and performance equity accelerates upon specified termination or change-in-control events.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.