Current Report Filing (8-k)
June 14 2019 - 8:56AM
Edgar (US Regulatory)
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)
: June 12,
2019
ALASKA COMMUNICATIONS SYSTEMS GROUP, INC
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(Exact name of registrant as specified in its charter)
Delaware
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001-38341
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52-2126573
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File
Number)
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Identification No.)
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600 Telephone Avenue, Anchorage, Alaska
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99503-6091
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code
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907 - 297 – 3000
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(Former name or former address, if changed since last
report.)
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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
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Trading Symbol
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Name of each exchange
on which registered
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Common Stock, par value $.01 per share
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ALSK
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The Nasdaq Stock Market LLC
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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 June 14, 2019, Alaska Communications Systems Group, Inc. (the "Company") issued a press release announcing that its CEO and President, Anand
Vadapalli, had reach an agreement with the Company to depart the company and its board of directors on June 30, 2019. Pursuant to that agreement, Mr. Vadapalli will receive payments approximately equal to the base pay, annual incentive
compensation, and deferred compensation that he would have received for 2019 if: (i) his employment had continued through the end of the year; and (ii) his incentive and deferred compensation had been granted at negotiated levels. Mr. Vadapalli’s
existing unvested equity awards will be eligible for vesting with the same performance or time factors as other executives. The agreement also provides that Mr. Vadapalli will serve as an advisor for the board and management through the end of
2019.
Effective July 1, 2019, the Company’s board of directors appointed the Company’s current Chief Operations Officer, William H. Bishop, 53, as
interim CEO while the board conducts a candidate search for a permanent CEO. Mr. Bishop joined the Company in August 2004 and has served in several leadership roles in consumer and business sales and operations, including most recently serving as
senior vice president of customer and revenue management prior to becoming COO in April 2019.
The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and 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.
Date:
June 14, 2019
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Alaska Communications Systems Group, Inc.
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/s/ Leonard A. Steinberg
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Leonard A. Steinberg
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Corporate Secretary
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