UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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:
Exhibit | ||
No. | Description | |
10.1 | Employment Agreement Extension Letter, by and between Spok Holdings, Inc. and Vincent D. Kelly, dated as of October 10, 2023 | |
104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
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 |