Business Context and Reporting Period
This Form 8-K Current Report was filed by Marchex, Inc. on October 1, 2018. The filing discloses the entry into material definitive agreements between Marchex Sales LLC, a wholly-owned subsidiary of Marchex, and Dex Media, Inc. (successor in interest to YellowPages.com LLC).
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on contractual amendments rather than financial performance data.
Material Changes
On October 1, 2018, Marchex Sales and Dex Media entered into two amendments effective as of December 31, 2018:
- Amendment No. 6 to the Master Services and License Agreement: Amends the original agreement dated October 1, 2007.
- Amendment No. 4 to the Pay-for-Call Distribution Agreement: Amends the original agreement effective January 1, 2011.
Both amendments extend the term of the respective agreements through December 31, 2019.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are detailed in this report, other than the standard qualification that the summaries are subject to the full text of the agreements, which will be filed as exhibits to future quarterly or annual reports.
Investor Verification Checklist
- Verify the full text of Amendment No. 6 to the Master Services and License Agreement and Amendment No. 4 to the Pay-for-Call Distribution Agreement in subsequent quarterly or annual filings.
- Confirm the specific financial terms and obligations associated with the extended agreement terms through December 31, 2019.
- Review the relationship status between Marchex and Dex Media to understand the strategic importance of these extended service and distribution agreements.