ALASKA COMMUNICATIONS SYSTEMS GROUP, INC (NASDAQ:ALSK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Certain Officers
On April 5, 2019, William H. Bishop accepted the appointment of the Board of Directors of Alaska Communications Systems Group, Inc. (the “Company”) to the position of Senior Vice President and Chief Operations Officer effective April 9, 2019.
Mr. Bishop, age 53, joined the Company in August 2004, has served as the Company’s Senior Vice President, Customer and Revenue Management since August 19, 2018, and served as Senior Vice President, Business Market from August 9, 2015 through August 18, 2018. Mr. Bishop has over 25 years of experience in telecommunications and business leadership including positions at AT&T and McCaw Communications, as well as at a federal government logistic contracting company.
The Company and Mr. Bishop entered into an amended employment arrangement, key terms of which include an annual base salary of $300,000, an annual cash incentive target of 70% of base salary, and an annual long-term equity and cash incentive compensation target of 80% of base salary.
Mr. Bishop does not have any family relationships or any direct or indirect material interest in any transaction involving the Company requiring disclosure under Items 401(d) and 404(a) of Regulation S-K, respectively.
The Company’s press release announcing Mr. Bishop’s appointment is attached hereto as Exhibit 99.1.
Departure of Certain Officers
On April 5, 2019, Randy M. Ritter resigned as Senior Vice President, Shared Services of the Company effective May 3, 2019.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
ALASKA COMMUNICATIONS SYSTEMS GROUP INC Exhibit
EX-99.1 2 ex_140213.htm EXHIBIT 99.1 ex_140213.htm Exhibit 99.1 Alaska Communications Promotes William H. Bishop to Chief Operations Officer ANCHORAGE,…
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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.
