Form 8-K - Current report
10 Octubre 2023 - 3:16PM
Edgar (US Regulatory)
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2023-10-10
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): October 10, 2023
SPOK
HOLDINGS, INC.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-32358 |
|
16-1694797 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
5911 Kingstowne Village Pkwy, 6th Floor
Alexandria, Virginia |
|
22315 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s
telephone number, including area code: (800) 611-8488
Not
Applicable
Former name or former address, if changed since
last report
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading symbol |
Name of each exchange on which
registered |
Common Stock, par value $0.0001 per share |
SPOK |
NASDAQ |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 10, 2023, Spok Holdings, Inc.,
a Delaware corporation (the “Company”), entered into a letter agreement with Vincent D. Kelly, the Company’s President
and Chief Executive Officer. The letter agreement extends the term of Mr. Kelly’s employment agreement with the Company through
December 31, 2026 and sets forth certain changes to Mr. Kelly’s compensation. The letter agreement provides for the Company
to continue and maintain one-half of the $400,000 reduction in total target-level compensation for Mr. Kelly that was implemented
for 2023. For 2024, 2025 and 2026, under the letter agreement, Mr. Kelly’s annual base salary is $500,000 and his target annual
bonus award level is $400,000, which amounts are unchanged from 2023 levels, and the target amount of his annual long-term incentive award
is valued at $1,000,000.
A copy of the Employment Agreement Extension Letter
is attached hereto as Exhibit 10.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Spok Holdings, Inc. |
|
|
Date: October 10, 2023 |
By: |
/s/ Calvin C. Rice |
|
|
Name: |
Calvin C. Rice |
|
|
Title: |
Chief Financial Officer |
Exhibit 10.1
October 10, 2023
Vincent D. Kelly
c/o Spok Holdings, Inc.
5911 Kingstown Village Parkway, Suite 600
Alexandria, VA 22315
| Re: | Extension of Employment Agreement Term |
Dear Vince:
Reference is made to that certain Executive Employment Agreement dated
as of January 3, 2019 by and between you and Spok Holdings, Inc. (the “Employment Agreement"). Capitalized terms
used herein have the meanings set forth in the Employment Agreement.
This letter confirms our agreement to extend the Agreement Term of
the Employment Agreement as set forth in Section 3 thereof to December 31, 2026.
For 2024, 2025 and 2026, (i) your Base Salary will be $500,000,
(ii) your target Annual Bonus award level will be $400,000 and (iii) the target amount of your annual long-term Equity Incentive
award will be valued at $1,000,000. All grants under the Company’s long-term incentive plans are subject to approval by the Board
or Compensation Committee at the time of grant and will be granted pursuant to one or more award agreements that will control over the
provisions of this letter.
You continue to agree that your compensation for 2024, 2025 and 2026,
to the extent the amount of such compensation is reduced from any previously agreed upon amount, shall not constitute Good Reason for
any purpose under the Employment Agreement and expressly waive your right to resign for Good Reason on account thereof.
In accordance with Section 4 of the Employment Agreement, the
Board shall review the appropriateness of executive compensation and may, in its discretion, modify compensation terms.
spok.com
Except as expressly set forth herein, all of the terms of the Employment
Agreement remain unchanged and in full force and effect. Thank you for your continued service with the Company.
Very truly yours,
/s/ Renee Hall |
|
Renee Hall |
|
Vice President Human Resources & Administration |
|
Chief Compliance Officer |
|
Acknowledged, agreed and accepted as of October 10, 2023:
/s/ Sharon Woods Keisling |
|
Sharon Woods Keisling, Corporate Secretary & Treasurer |
|
Acknowledged, agreed and accepted as of October 10, 2023:
/s/ Vincent D. Kelly |
|
Vincent D. Kelly |
|
spok.com
v3.23.3
Cover
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Oct. 10, 2023 |
Cover [Abstract] |
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Document Type |
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Document Period End Date |
Oct. 10, 2023
|
Entity File Number |
001-32358
|
Entity Registrant Name |
SPOK
HOLDINGS, INC.
|
Entity Central Index Key |
0001289945
|
Entity Tax Identification Number |
16-1694797
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
5911 Kingstowne Village Pkwy
|
Entity Address, Address Line Two |
6th Floor
|
Entity Address, City or Town |
Alexandria
|
Entity Address, State or Province |
VA
|
Entity Address, Postal Zip Code |
22315
|
City Area Code |
800
|
Local Phone Number |
611-8488
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Title of 12(b) Security |
Common Stock, par value $0.0001 per share
|
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SPOK
|
Security Exchange Name |
NASDAQ
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