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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): October 14, 1999
ALEC HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
DELAWARE 333-82361 52-2126573
(State of Incorporation) (Commission File (IRS Employer
Number) Identification
Number)
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510 L. STREET, SUITE 500, ANCHORAGE, 99501
ALASKA
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (907) 297-3000
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ITEM 5. OTHER EVENTS.
On October 8, 1999, the registrant issued a press release announcing that it
intends to make an initial public offering if its common stock.
A copy of the press releases is attached as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits. The following exhibits are filed as part of this report:
99.1 Press release issued by the registrant on October 8, 1999.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 14, 1999
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ALEC HOLDINGS, INC.
By /s/ MICHAEL E. HOLMSTROM
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Title: Senior Vice President and Chief
Financial Officer
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EXHIBIT INDEX
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EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release issued by the registrant on October 8, 1999.
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EXHIBIT 99.1
CONTACT: Michael Holmstrom, Chief Financial Officer
ALEC Holdings, Inc., Anchorage
(907) 297-3000
Date: October 8, 1999
ALEC HOLDINGS, INC. FILES REGISTRATION STATEMENT
RELATING TO PROPOSED INITIAL PUBLIC OFFERING
ANCHORAGE, AK, OCT. 8, 1999 -- ALEC Holdings, Inc., a Delaware corporation
with headquarters in Anchorage, Alaska, announced today that it has filed a
registration statement with the Securities and Exchange Commission relating to
the proposed issuance of $174 million (excluding the underwriters' over-
allotment option) of its common stock in an initial public offering. Goldman,
Sachs & Co., Donaldson, Lufkin & Jenrette, CIBC World Markets, Deutsche Banc
Alex. Brown and Hambrecht & Quist will be the underwriters for the offering. The
company stated that it plans to use the net proceeds of the proposed offering
for repayment of existing debt, capital expenditures, including enhanced
technologies, strategic investments and acquisitions and general corporate
purposes.
Under the name Alaska Communications Systems, the company's subsidiaries
provide telecommunications services in Alaska, including local telephone,
wireless, long distance, data and Internet services to business and residential
customers throughout the state.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
