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Marchex Executive Compensation (FY25)

MCHX · Executive and director compensation, fiscal 2022 to 2025
Latest say-on-pay support
=
September 28, 2023
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The Marchex brief, $500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
6 filings cited on this page
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186 figures on this page: 183 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Edwin Miller: $1,179,906 → $857,340 (27.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
What was Marchex's say-on-pay result?
For fiscal 2022, the say-on-pay proposal drew 99.4% support at the meeting held September 28, 2023.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Arends
Former Co-CEO
Departed during or after this year
◇—◇◇◇—◇◇
Russell Horowitz
Chairman and Former Co-CEO
Departed during or after this year
◇—◇◇◇——◇
John Roswech
Former Chief Revenue Officer
Departed during or after this year
◇◇◇◇———◇
Ryan Polley
Chief Operating Officer
◇◇◇◇———◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edwin Miller
Former CEO
◇——◇———◇
Troy Hartless
President & Chief Revenue Officer
◇——◇———◇
Russell Horowitz
Chairman
◇—◇◇———◇
Holly Aglio
Former CFO
◇◇—◇———◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edwin Miller
Former CEO
Departed during or after this year
◇◇—◇——◇◇
Troy Hartless
President & Chief Revenue Officer
◇◇—◇———◇
Francis Feeney
COO, CLO, & Corporate Secretary
◇◇—◇———◇
Russell Horowitz
Chairman
◇——◇——◇◇
Holly Aglio
Former CFO
Departed during or after this year
◇——————◇
Brian Nagle
CFO
◇——◇———◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Troy Hartless
President & CRO
◇◇◇◇———◇
Francis Feeney
COO, CLO, & Corporate Secretary
◇◇◇◇———◇
Edwin Miller
Former CEO
Departed during or after this year
◇◇◇———◇◇
Brian Nagle
CFO
◇◇◇◇———◇
Russell Horowitz
Chairman
◇——◇——◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Edwin MillerOption◇—◇February 3, 2033
Option◇—◇July 26, 2034
Option◇—◇September 28, 2033
Option◇—◇July 26, 2034
RSU◇◇——
Option◇—◇February 3, 2033
Francis FeeneyOption◇—◇October 16, 2035
RSU◇◇——
Option◇—◇July 26, 2034
Option◇—◇September 28, 2033
Option◇—◇July 26, 2034
RSU◇◇——
RSU◇◇——
Option◇—◇January 3, 2033
RSU◇◇——
Option◇—◇January 3, 2032
Troy HartlessOption◇—◇October 16, 2035
RSU◇◇——
Option◇—◇July 26, 2034
Option◇—◇September 28, 2033
Option◇—◇July 26, 2034
RSU◇◇——
Option◇—◇April 3, 2033
Option◇—◇April 3, 2033
Brian NagleOption◇—◇October 16, 2035
RSU◇◇——
Option◇—◇January 16, 2035
Option◇—◇August 12, 2034
RSU◇◇——
Russell HorowitzOption◇—◇December 16, 2035
RSU◇◇——
Option◇—◇November 6, 2034
Option◇—◇January 25, 2033
RSU◇◇——
Option◇—◇January 3, 2032
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Edwin Miller
Former CEO · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Troy Hartless
President & CRO · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Arends
◇—◇———◇
Dennis Cline
◇—◇———◇
Donald Cogsville
◇—◇———◇
M. Wayne Wisehart
◇—◇———◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2022September 28, 2023=◇◇◇
2019October 1, 2020=◇◇◇
2016August 21, 2017=◇◇◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Edwin Miller (Former CEO), FY2025 total compensation $857,340 (base salary $347,652) [exec_comp, SEC accession 0001193125-26-447292, filed 2026-11-04]

Answered within 24 hours, every figure cited to its SEC filing. This is a one-off report: no refunds.

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What this page does not include

Everything above is a fact Marchex disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
186 figures on this page: 183 cited to the filing that reported them, 3 calculated from figures it prints.
183 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001193125-26-447292
    Compensation of Directors · Outstanding Equity Awards at 2025 Fiscal Year End · Summary Compensation Table
  2. 0001193125-25-264721
    Compensation Discussion and Analysis · Summary Compensation Table
  3. 0000950170-23-051121
  4. 0000950170-23-043462
    Summary Compensation Table
  5. 0001564590-20-045735
  6. 0001564590-17-017926
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Marchex executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MCHX (accessed 2026).
Short form: data: Velarion

The Marchex brief, $500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
6 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
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Terms on this page

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}