secwatch.observer — SEC 8-K summary
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Issuer:     Spok Holdings, Inc (SPOK)
CIK:        0001289945
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001289945-23-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spok Holdings enters severance agreement with CFO Calvin Rice providing enhanced benefits
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- CFO Calvin Rice entered severance agreement effective Aug 15, 2023, approved by Compensation Committee.
- Pre-change termination without cause: 26 weeks base salary plus 2 weeks/year up to 52 weeks, pro-rated bonus, COBRA.
- Post-change termination: lump sum of 1.5x salary plus 2 weeks/year up to 2x salary, target bonus, COBRA 18 months.
- Agreement includes 12-month non-compete and non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289945/000128994523000058/0001289945-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289945/000128994523000058/spok-20230816.htm
  HTML page:      https://secwatch.observer/filing/0001289945-23-000058

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