Spok hikes dividend 150% to $0.3125/quarter, authorizes $10M buyback, restructures to discontinue Spok Go, cuts 175 jobs

Spok Holdings, Inc

Q4 2021 revenue $34.5M; full-year revenue $142.2M; GAAP net loss $0.86/diluted share Q4; adj. EBITDA loss $3.8M.
Discontinuing Spok Go, eliminating ~175 positions; pre-tax restructuring charges of $6.4M–$10.2M expected in 2022.
Dividend raised 150% to $0.3125/share quarterly ($1.25 annual); $10M share repurchase program authorized.
CEO Vincent Kelly extended through Dec 2024; base salary reduced from $600K to $500K in 2023-2024.
Strategic alternatives review ongoing; Board open to all options, including Acacia Research offer.

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