Business
Spok set to join Russell 3000® and Russell 2000® Index
Membership inclusion highlights the Company’s success on generating cash flow and returning capital to stockholders ALEXANDRIA, Va.--(BUSINESS WIRE)-- Spok
About this update from Spok Holdings, Inc.
[{"type":"text","content":"\nMembership inclusion highlights the Company’s success on generating cash flow and returning capital to stockholders\n\n\n ALEXANDRIA, Va.--(BUSINESS WIRE)--\nSpok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, is set to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.\n\n\n“We are honored to be part of the Russell Index,” said Vincent D. Kelly, chief executive officer of Spok Holdings, Inc. “I am proud of what the Spok team has accomplished over the past year with our focus on generating cash flow and returning capital to stockholders. It is rewarding to see the leadership exhibited by our Board of Directors and the clear progress by our team reflected in this recognition. We look forward to continued success for the remainder of the year and believe our extensive experience operating our established communication solutions will create significant value for stockholders by maximizing revenue and cash flow generation.”\n\n\nAnnual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 28, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.\n\n\nRussell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.\n\n\nFor more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.\n\n\nAbout Spok\n\n\nSpok, Inc., a wholly owned subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in Alexandria, Virginia, is proud to be a global leader in healthcare communications. We deliver clinical information to car...