Spok cuts ~10% workforce, saves $6M+ annually; appoints new CFO in strategic realignment

Spok Holdings, Inc

CFO Calvin Rice replaced immediately by COO Michael Wallace, who previously served as CFO from 2017-2022.
Workforce reduction of ~10%, expected annual cost savings of $6M+.
Restructuring charges estimated $1.6-2.0M in Q2-Q3 2026.
Company to focus on AI enhancements to Care Connect Suite and wireless service.
Quarterly dividend maintained with yield >10%.

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