FairPoint Communications, Inc. (NASDAQ:FRP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
held a special meeting of its stockholders (the “Special
Meeting”) and voted upon the following proposals:
|
1.
|
The adoption of the Agreement and Plan of Merger, dated as of
December 3, 2016, as the same may be amended from time to time (the “Merger Agreement”), by and among the Company, Consolidated Communications Holdings, Inc., a Delaware corporation (“Consolidated”), and Falcon Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Consolidated (“Merger Sub”), to which Merger Sub will merge with and into the Company, with the Company as the surviving entity (the “Merger”), and approval of the transactions contemplated thereby, including the Merger (the “FairPoint Merger Proposal”); and |
|
2.
|
The approval, by a non-binding advisory vote, of the change
in control payments to the Company’s named executive officers. |
detail in the definitive joint proxy statement/prospectus of the
Company and Consolidated on Form S-4, which Consolidated filed with
the Securities and Exchange Commission on February 24, 2017 and the
Company filed with the Securities and Exchange Commission as a
definitive proxy statement on February 27, 2017.
and entitled to vote at the Special Meeting, 21,226,789, or
approximately 77.9%, were represented at the meeting in person or
by proxy, and therefore a quorum was present.
contemplated thereby, including the FairPoint Merger Proposal,
based upon the following votes:
|
Votes in Favor
|
|
Votes Against
|
|
Abstentions
|
|||
|
20,385,218
|
|
|
319,520
|
|
|
522,051
|
|
the Company’s named executive officers received the following
votes:
|
Votes in Favor
|
|
Votes Against
|
|
Abstentions
|
|||
|
10,208,382
|
|
|
10,492,856
|
|
|
525,551
|
|
the approval of the Merger with Consolidated. A copy of the press
release is included as Exhibit 99.1 to this Current Report on Form
8-K.
|
Exhibit
Number
|
Description
|
|
|
|
|
|
|
99.1
|
|
Press Release
|
About FairPoint Communications, Inc. (NASDAQ:FRP)
FairPoint Communications, Inc. is a provider of communications services to business, wholesale and residential customers within its service territories. The Company operates through providing data, voice and communications services to business, wholesale and residential customers segment. The Company provides services, such as Data and Internet Services, which include optical, Ethernet, IP services, Ethernet virtual circuit technology for cellular backhaul and private line special access services; Voice Services, which include Local Calling Services, Long Distance Services and 9-1-1 Services; Access, which include Network Transport Services, Network Switched Access Service, Interstate Access Charges and Intrastate Access Charges, and Other services, which include video services, including cable television and video-over- digital subscriber line (DSL), and directory services. It provides cellular transport, also known as backhaul, through over 1,900 mobile Ethernet backhaul connections. FairPoint Communications, Inc. (NASDAQ:FRP) Recent Trading Information
FairPoint Communications, Inc. (NASDAQ:FRP) closed its last trading session up +0.10 at 16.45 with 93,016 shares trading hands.
