ALASKA COMMUNICATIONS SYSTEMS GROUP, INC (NASDAQ:ALSK) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
On March 14, 2017, the Company released its financial results for
the fourth quarter and year ended December 31, 2016. The press
release is attached hereto as Exhibit 99.1 and incorporated
herein by reference. A presentation of supplemental information
to be reviewed on the Companys earnings call to be held on March
14, 2017 will be made available on the Companys Investor
Relations website at http://www.alsk.com at the time of the call
and is incorporated herein by reference.
to General Instruction B.2 of Form 8-K, the information in this
Item 2.02 is being furnished to the Securities and Exchange
Commission and shall not be deemed to be filed for purposes of
Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities of that section. Furthermore, the
information in this Item 2.02 shall not be deemed to be
incorporated by reference into the filings of the Corporation
under the Securities Act of 1933.
Item 7.01 Regulation FD Disclosure
On March 14, 2017, the Company issued a press release announcing
that together with certain of its subsidiaries, lenders, and ING
Capital, LLC, as administrative agent, entered into a new senior
credit facility. A Current Report on Form 8-K providing more
details of the agreement will be filed by the Company.
A copy of this press release is attached hereto as Exhibit 99.2
In addition, on March 14, 2017, the Company issued a press
release announcing that its Board of Directors approved a share
repurchase program authorizing the Company to repurchase up to
$10.0 million of the Companys common stock through December 31,
2019.
Repurchases can be conducted in open market or through private
transactions, from time to time, including through purchases made
in accordance with Rule 10b plans. The share repurchase program
does not obligate the Company to purchase any particular amount
of shares of Common Stock and it may be suspended, discontinued
or modified at any time at the Companys discretion and without
prior notice.
A copy of this press release is attached hereto as Exhibit 99.3
Item 9.01 Financial Statements and Exhibits
Exhibit No. |
Description |
Exhibit 99.1 |
Alaska Communications Systems Group, Inc. Press Release |
Exhibit 99.2 |
Alaska Communications Systems Group, Inc. Press Release |
Exhibit 99.3 |
Alaska Communications Systems Group, Inc. Press Release |
About ALASKA COMMUNICATIONS SYSTEMS GROUP, INC (NASDAQ:ALSK)
Alaska Communications Systems Group, Inc. is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system. It serves customers in various areas, such as Business and Wholesale (broadband, voice and managed IT services); Consumer (broadband and voice services), and Other Services (including carrier termination, equipment sales, access services and support services receiving federal support funding). It provides voice and broadband services to residential customers. It provides voice and broadband origination and termination services to inter and intrastate carriers serving its retail customers. ALASKA COMMUNICATIONS SYSTEMS GROUP, INC (NASDAQ:ALSK) Recent Trading Information
ALASKA COMMUNICATIONS SYSTEMS GROUP, INC (NASDAQ:ALSK) closed its last trading session up +0.07 at 1.71 with 59,143 shares trading hands.