Tech — Software
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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New filing — November 4, 2026, data updatedData as of November 5, 2026Latest filing (DEF 14A): November 4, 2026
6 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Edwin Miller Former CEO | ◇ | — | — | ◇ | — | — | — | ◇ |
Troy Hartless President & Chief Revenue Officer | ◇ | — | — | ◇ | — | — | — | ◇ |
Russell Horowitz Chairman | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
Holly Aglio Former CFO | ◇ | ◇ | — | ◇ | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Edwin Miller | Option | ◇ | — | ◇ | February 3, 2033 |
| Option | ◇ | — | ◇ | July 26, 2034 | |
| Option | ◇ | — | ◇ | September 28, 2033 | |
| Option | ◇ | — | ◇ | July 26, 2034 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | February 3, 2033 | |
| Francis Feeney | Option | ◇ | — | ◇ | 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 Hartless | Option | ◇ | — | ◇ | 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 Nagle | Option | ◇ | — | ◇ | October 16, 2035 |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | January 16, 2035 | |
| Option | ◇ | — | ◇ | August 12, 2034 | |
| RSU | ◇ | ◇ | — | — | |
| Russell Horowitz | Option | ◇ | — | ◇ | 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
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2022 | September 28, 2023 | = | ◇ | ◇ | ◇ |
| 2019 | October 1, 2020 | = | ◇ | ◇ | ◇ |
| 2016 | August 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]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 — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable 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 IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
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
- 0001193125-26-447292Compensation of Directors · Outstanding Equity Awards at 2025 Fiscal Year End · Summary Compensation Table
- 0001193125-25-264721Compensation Discussion and Analysis · Summary Compensation Table
- 0000950170-23-051121
- 0000950170-23-043462Summary Compensation Table
- 0001564590-20-045735
- 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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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}
}