Spok Announces Executive Promotions, Further Strengthening Management Team

Michael Wallace promoted to President of Spok, Inc., and Calvin Rice promoted to Chief Financial Officer

ALEXANDRIA, Va.–(BUSINESS WIRE)– Spok Holdings, Inc. (NASDAQ: SPOK) (“Spok”), a leader in critical communications, today announced the promotions of Michael W. Wallace to President of Spok, Inc., Spok’s wholly owned operating subsidiary, and Calvin C. Rice to Chief Financial Officer (CFO) of Spok, effective immediately.

Michael W. Wallace, President and Chief Operating Officer

Wallace will retain his role as Chief Operating Officer (COO) of Spok, which he has held since January 2020. He will continue to be responsible for operations, professional services, marketing, and maintenance/customer support. Wallace will continue to report directly to Vincent Kelly, Chief Executive Officer of Spok. Wallace is a seasoned executive with over 25 years of financial and operational experience in the healthcare IT/services and contact center software businesses. Wallace has served as Chief Financial Officer of Spok since March 2017 and was responsible for Spok’s financial operations. Wallace is a graduate of the University of Notre Dame and is a certified public accountant.

“Mike has been an instrumental part of our organization since joining in 2017, and it has become clear, given his extensive knowledge of the entirety of our operations, that he is the right person for the role of president of Spok, Inc.,” said Kelly. “Given Mike’s understanding of our business as both our CFO and COO, he is uniquely positioned to be a major contributor in shaping and directing our business strategy as we look to maximize revenue and cash generation from our established lines of business.”

Calvin C. Rice, Chief Financial Officer

In his new role, Rice will report directly to Vincent Kelly and will take over the financial operations responsibilities previously held by Wallace. During his eight-year career at Spok, Rice has had the responsibility for technical accounting policy, SEC reporting, revenue accounting, and most recently as chief accounting officer and controller. Prior to Spok, Rice worked at the accounting firm of SC&H Group. Rice is a graduate of Towson University and is a certified public accountant.

“Calvin is an extremely talented financial executive with deep knowledge of our operations and has made numerous contributions since joining Spok,” said Kelly. “Calvin will play an integral role in the coming years as we continue to execute on our recently announced business strategy and aim to improve the Company’s profitability.”

Mr. Kelly will continue in his role as president and CEO of Spok as well as CEO of Spok, Inc.

About Spok

Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in Plano, Texas, is proud to be a global leader in healthcare communications. We deliver clinical information to care teams when and where it matters most to improve patient outcomes. Top hospitals rely on the Spok Care Connect® platform to enhance workflows for clinicians and support administrative compliance. Our customers send over 70 million messages each month through their Spok® solutions. Spok enables smarter, faster clinical communication.

Spok is a trademark of Spok Holdings, Inc. Spok Mobile and Spok Care Connect are trademarks of Spok, Inc.

Safe Harbor Statement under the Private Securities Litigation Reform Act:

Statements contained herein or in prior press releases which are not historical fact, such as statements regarding Spok’s future operating and financial performance, are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause Spok’s actual results to be materially different from the future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expectations include, but are not limited to, our ability to manage wireless network rationalization to lower our costs without causing disruption of service to our customers; our ability to retain key management personnel and to attract and retain talent within the organization; the productivity of our sales organization and our ability to deliver effective customer support; our ability to identify potential acquisitions, consummate and successfully integrate such acquisitions, and achieve the expected benefits of such acquisitions; risks related to the COVID-19 pandemic; economic conditions such as recessionary economic cycles, higher interest rates, inflation and higher levels of unemployment; competition for our services and products from new technologies or those offered and/or developed from firms that are substantially larger and have much greater financial and human capital resources; continuing decline in the number of paging units we have in service with customers, commensurate with a continuing decline in our wireless revenue; our ability to address changing market conditions with new or revised software solutions; undetected defects, bugs, or security vulnerabilities in our products; our dependence on the U.S. healthcare industry; the sales cycle of our software solutions and services can run from six to eighteen months, making it difficult to plan for and meet our sales objectives and bookings on a steady basis quarter-to-quarter and year-to-year; our reliance on third-party vendors to supply us with wireless paging equipment; our ability to maintain successful relationships with our channel partners; our ability to protect our rights in intellectual property that we own and develop and the potential for litigation claiming intellectual property infringement by us; our use of open source software, third-party software and other intellectual property; the reliability of our networks and servers and our ability to prevent cyber-attacks and other security issues and disruptions; unauthorized breaches or failures in cybersecurity measures adopted by us and/or included in our products and services; our ability to realize the benefits associated with our deferred income tax assets; future impairments of our long-lived assets, amortizable intangible assets or goodwill; risks related to data privacy and protection-related laws and regulation; and our ability to manage changes related to regulation, including laws and regulations affecting hospitals and the healthcare industry generally, as well as other risks described from time to time in our periodic reports and other filings with the Securities and Exchange Commission. Although Spok believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Spok disclaims any intent or obligation to update any forward-looking statements.

Spok Announces Executive Promotions, Further Strengthening Management Team

Michael W. Wallace, President and Chief Operating Officer

Calvin C. Rice, Chief Financial Officer

About Spok

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Michael W. Wallace, President and Chief Operating Officer

Calvin C. Rice, Chief Financial Officer

About Spok

Safe Harbor Statement under the Private Securities Litigation Reform Act:

Media Inquiries

Contact info

About Spok

Careers