Alaska Communications withdraws incentive award plan amendment

Alaska Communications Systems Group, Inc. (NASDAQ: ALSK), a provider of advanced broadband and managed IT services for businesses and consumers in Alaska, has announced its Board of Directors will no longer seek shareholder approval to amend the company´s 2011 Incentive Award Plan, the company said.

The proposal has been withdrawn from the agenda for the annual meeting. The annual meeting remains scheduled for 8:30 a.m., Alaska daylight time, on Tuesday, June 6, 2017, at the Alaska Communications Business and Technology Center, 600 36th Avenue, Anchorage, Alaska 99503.

Following discussions with shareholders, the Alaska Communications Board of Directors reconsidered the terms of the proposal and determined that withdrawal was appropriate. The Board continues to believe that the creation of meaningful equity incentives for employees is important to the company´s success.

Alaska Communications provides 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.