Alaska Communications (NASDAQ: ALSK), the state´s broadband and managed IT services provider, has confirmed that it has received a purported notice of nomination from TAR Holdings LLC regarding its intention to nominate three director candidates to Alaska Communications´ six-member board of directors at Alaska Communications´ 2018 Annual Meeting of Stockholders, the company said.
TAR Holdings, an entity for which Karen Singer serves as the sole member, has indicated in its purported notice of nomination that it is seeking to nominate the following three candidates to Alaska Communications´ board of directors: Steven G. Singer (brother-in-law of Karen Singer), Wayne Barr, Jr. and Patrick F. Doyle.
Alaska Communications, in consultation with its advisors, intends to review TAR Holdings´ purported notice of nomination to assess whether it complies with Alaska Communications´ Amended and Restated Bylaws and, accordingly, at this point, Alaska Communications is unable to confirm that such purported notice of nominations, as submitted, is in compliance with Alaska Communications´ Amended and Restated Bylaws.
The Alaska Communications Board will present its formal recommendation regarding director nominations in Alaska Communications´ definitive proxy statement to be filed with the Securities and Exchange Commission in connection with its 2018 Annual Meeting of Stockholders. Alaska Communications stockholders are not required to take any action at this time.
Morgan, Lewis & Bockius LLP is serving as legal advisor to Alaska Communications.
Alaska Communications is the provider of advanced broadband and managed IT services for businesses and consumers in Alaska. The company operates a highly reliable, advanced statewide data network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous US. For more information, visit www.alaskacommunications.com or www.alsk.com.