secwatch.observer — SEC 8-K summary
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Issuer:     Spok Holdings, Inc (SPOK)
CIK:        0001289945
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001289945-22-000006
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 2.05, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289945/000128994522000006/0001289945-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289945/000128994522000006/spok-20220216.htm
  HTML page:      https://secwatch.observer/filing/0001289945-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer