The Company’s Reconvened Meeting on July 10, 2009 for Stockholders
to Act on Proxy Proposals
Alaska Communications Systems Group, Inc. (“ACS,” “our” or the
“Company”) (NASDAQ:ALSK), Alaska's leading integrated communications
provider, announced the results of its annual meeting of stockholders
(“Annual Meeting”) held earlier today. The Company’s stockholders
approved all of Proposals 1, 2, 3, 4 and 5 as set forth in the ACS proxy
statement dated April 30, 2009 (the “Proxy Statement”). The approved
proposals were:
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Proposal 1:
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To elect eight directors for one-year terms expiring at the 2010
Annual Meeting;
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Proposal 2:
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To approve an amendment to our 1999 Stock Incentive Plan extending
the term of the plan to December 31, 2012, allocating an additional
3,500,000 shares to the plan, among other changes;
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Proposal 3:
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To approve an amendment to our 1999 Employee Stock Purchase Plan to
extend the term of the plan to December 31, 2012 and reduce the
shares allocated under the plan by 500,000;
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Proposal 4:
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To approve an amendment to our 1999 Non-Employee Directors Stock
Compensation Plan to extend the term of the plan to December 31,
2012 and increase the shares allocated under the plan by 150,000, and
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Proposal 5:
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To ratify the appointment of KPMG LLP as the Company’s independent
auditors for the year ending December 31, 2009.
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About Alaska Communications Systems
Headquartered in Anchorage, ACS is Alaska’s leading provider of
broadband and other wireline and wireless solutions to Enterprise and
mass market customers. The ACS wireline operations include the state’s
most advanced data networks and the only diverse undersea fiber optic
system connecting Alaska to the contiguous United States. The ACS
wireless operations include a statewide 3G CDMA network, reaching across
Alaska from the North Slope to Ketchikan, with coverage extended via
best-in-class CDMA carriers in the Lower 49 and Canada. By investing in
the fastest-growing market segments and attracting the highest-quality
customers, ACS seeks to drive top- and bottom-line growth, while
continually improving customer experience and cost structure through
process improvement. More information can be found on the company’s
website at www.acsalaska.com or
at its investor site at www.alsk.com.
ACS Corporate Communications:
Heather Cavanaugh, Director,
Corporate Communications, 907-564-7722
heather.cavanaugh@acsalaska.com
