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| MCHX > SEC Filings for MCHX > Form 8-K on 16-May-2012 | All Recent SEC Filings |
16-May-2012
Regulation FD Disclosure
Each of Russell C. Horowitz, the Chairman and Chief Executive Officer of Marchex, Inc. ("Marchex"), John Keister, Marchex's Executive Vice Chairman, and Ethan Caldwell, Marchex's General Counsel and Chief Administrative Officer, have entered into a Rule 10b5-1 purchase plan (together, the "Rule 10b5-1 Purchase Plans") pursuant to their previously announced intention to purchase shares of Marchex's Class B common stock in open market transactions over the balance of the year. In connection with establishing the Rule 10b5-1 Purchase Plans, Messrs. Horowitz, Keister and Caldwell terminated their previously established Rule 10b5-1 sales plans. In addition, Michael Arends, Marchex's Chief Financial Officer, commenced purchasing shares of Marchex's Class B common stock on May 16, 2012.
The Rule 10b5-1 Purchase Plans provide for purchases of specified share amounts at specific market prices, subject to specified limitations, and requires that such purchases be disclosed publicly through appropriate filings with the Securities and Exchange Commission.
Marchex permits its directors, officers and certain employees to enter into stock trading plans with respect to Marchex common stock which are intended to qualify for the safe harbor under Rule 10b5-1, subject to Marchex's applicable guidelines and policies on insider trading. The Rule 10b5-1 Purchase Plans were adopted in accordance with Marchex's Code of Conduct for all officers, directors and employees. Rule 10b5-1 permits the implementation of written, prearranged stock trading plans by insiders when the insiders are not in possession of material non-public information.
The information in this Item 7.01 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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