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ANCHORAGE, Alaska–(BUSINESS WIRE)–

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Alaska Communications (ALSK), the arch provider of avant-garde broadband and managed IT casework for businesses and consumers in Alaska, today appear that it has entered into a cooperation acceding with TAR Backing LLC and its affiliates, which, in the aggregate, beneficially own about 4.97% of Alaska Communications’ outstanding accepted shares. Beneath the acceding of the cooperation agreement, the Alaska Communications Board of Admiral has appointed two new absolute directors, Wayne Barr, Jr. and Robert M. Pons, to the Alaska Communications Board, able immediately, and will abutment their re-election at the 2018 Ceremony Affair of Stockholders as allotment of an eight-person slate of nominees recommended by the Alaska Communications Board.

Edward J. Hayes, Jr., Alaska Communications’ non-executive and absolute Chairman of the Board, stated, “We are admiring to accept accomplished this cooperation acceding with TAR Backing and acknowledge the effective chat we accept had with them. I am additionally admiring to acceptable Wayne and Bob to the Alaska Communications Board and attending avant-garde to the insights and acquaintance that they will accompany to the Board.”

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Commenting on the cooperation acceding with Alaska Communications, TAR Backing issued the afterward statement, “We are admiring to accept formed collaboratively with Alaska Communications to ability this cooperation agreement, which we accept is a acceptable aftereffect for all stockholders. Our contempo conversations with Alaska Communications accept been effective and encouraging. We accept the accession of two new absolute directors, alongside Alaska Communications’ added Board associates and administration team, will be active in allowance Alaska Communications added analyze and assassinate aloft opportunities to enhance stockholder value.”

Pursuant to the cooperation agreement, TAR Backing will vote its shares in favor of all of Alaska Communications’ administrator nominees, including the two new absolute directors, at Alaska Communications’ 2018 Ceremony Affair of Stockholders. TAR Backing and its affiliates accept additionally agreed to accept by assertive accepted standstill accoutrement until the beforehand of 10 canicule above-mentioned to the cessation of the beforehand apprehension aeon for the acquiescence of stockholder nominations to be advised at Alaska Communications’ 2019 ceremony affair of stockholders and 100 canicule above-mentioned to the aboriginal ceremony of Alaska Communications’ 2018 ceremony affair of stockholders.

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The complete cooperation acceding amid Alaska Communications and TAR Backing and its affiliates will be filed as an display to a Accepted Report on Form 8-K with the Balance and Exchange Commission.

Morgan, Lewis & Bockius LLP served as acknowledged admonition to Alaska Communications. Hunton Andrews Kurth LLP served as acknowledged admonition to TAR Holdings.

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About Alaska Communications Systems

Alaska Communications (ALSK) is the arch provider of avant-garde broadband and managed IT casework for businesses and consumers in Alaska. The aggregation operates a awful reliable, avant-garde statewide abstracts arrangement with the latest technology and the best assorted undersea cilia optic arrangement aing Alaska to the aing U.S. For added information, appointment www.alaskacommunications.com or www.alsk.com.

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Forward-Looking Information

This columnist absolution contains “forward-looking statements” as authentic beneath the U.S. federal balance laws, including the Private Balance Litigation Reform Act of 1995, and is accountable to the safe harbors created by such laws. Advanced statements include, but are not bound to, statements apropos Alaska Communications’ initiatives taken or advised to enhance and alleviate amount for all of its stockholders, Alaska Communications’ efforts to assassinate on and apparatus its abiding advance plan, accomplishments taken to enhance Alaska Communications’ approaching prospects, Alaska Communications’ approaching operational and banking performance, Alaska Communications’ bazaar opportunity, and Alaska Communications’ transformational action and its key priorities. Such advanced statements are not guarantees of approaching operational or banking achievement and are based on accepted expectations that absorb a cardinal of uncertainties, risks and assumptions that are difficult to predict. Therefore, absolute outcomes and/or after-effects may alter materially from those bidding or adumbrated by such advanced statements. Advice on factors that may appulse these advanced statements can be begin in the “Management’s Discussion and Analysis of Banking Condition and After-effects of Operations” and “Risk Factors” sections independent in Alaska Communications’ alternate letters filed with the Balance and Exchange Commission, including, but not bound to, its latest Ceremony Report on Form 10-K and its latest Quarterly Report on Form 10-Q, copies of which may be acquired from www.sec.gov or by contacting Alaska Communications’ broker relations administration at (907) 564-7556 or by visiting its broker relations website at www.alsk.com. The advanced statements in this columnist absolution are fabricated as of the date hereof. Notwithstanding changes that may action with account to affairs apropos to any advanced statements, Alaska Communications assumes no obligation to about update, alter or analyze its advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, except as may contrarily be appropriate by the federal balance laws. Alaska Communications, however, affluence the appropriate to alter such statements or any allocation thereof at any time for any reason.

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Story Continues

Important Additional Advice And Where To Find It

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Alaska Communications, its admiral and assertive of its controlling admiral are accounted to be participants in the address of proxies from Alaska Communications’ stockholders in affiliation with the affairs to be advised at Alaska Communications’ 2018 Ceremony Affair of Stockholders. Advice apropos the names of Alaska Communications’ admiral and controlling admiral and their corresponding interests in Alaska Communications by aegis backing or contrarily can be begin in Alaska Communications’ basic proxy account for its 2018 Ceremony Affair of Stockholders, filed with the Balance and Exchange Commission (“SEC”) on April 27, 2018. This certificate is accessible chargeless of allegation at the SEC’s website at www.sec.gov. Additional advice apropos the character of participants, and their absolute or aberrant interests, by aegis backing or otherwise, is set alternating in Alaska Communications’ basic proxy account for its 2018 Ceremony Meeting, including the schedules and appendices thereto. INVESTORS AND STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING PROXY CARD AND OTHER DOCUMENTS FILED BY ALASKA COMMUNICATIONS WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to access the Proxy Statement, any amendments or supplements to the Proxy Statement, the accompanying proxy card, and added abstracts filed by Alaska Communications with the SEC for no allegation at the SEC’s website at www.sec.gov. Copies will additionally be accessible at no allegation at the Broker Relations area of Alaska Communications’ accumulated website at www.alsk.com, by autograph to Alaska Communications’ Accumulated Secretary at Alaska Communications Systems Group, Inc., 600 Telephone Avenue, Anchorage AK 99503 or by contacting Alaska Communications’ broker relations administration at (907) 564-7556.

View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20180509006522/en/

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