UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
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 18, 2017
Shenandoah Telecommunications Company
(Exact Name of Registrant as Specified in Charter)
| Virginia | 0-9881 | 54-1162807 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 500 Shentel Way P.O. Box 459, Edinburg, Virginia 22824 |
| (Address of Principal Executive Offices) (Zip Code) |
(540) 984-4141
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | ||
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 23, 2017, the Company announced that Adele Skolits has notified the Company that she is resigning as Vice President and Chief Financial Officer of the Company effective November 7, 2017, in order to accept the position of Chief Financial Officer of privately held Buckeye Broadband in Toledo, Ohio. The Company also announced that on an interim basis, Earle MacKenzie will delay his announced retirement to assume the responsibilities of Chief Financial Officer, which he previously held prior to Ms. Skolits joining the Company in 2007. Mr. MacKenzie will continue his responsibilities with investor relations and business development for the Company. A copy of the Company’s press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) ExhibitsExhibit No. Description 99.1 Press Release entitled “Shenandoah Telecommunications Company Announces Resignation of Chief Financial Officer Adele Skolits”
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.
| Shenandoah Telecommunications Company | ||
| Date: October 23, 2017 | By: | /s/ Raymond B. Ostroski |
| Raymond B. Ostroski | ||
| Vice President – Legal and General Counsel (Duly Authorized Officer) | ||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release entitled “Shentel Announces Resignation of Chief Financial Officer Adele Skolits” |
EXHIBIT 99.1
Shenandoah Telecommunications Company Announces Resignation of Chief Financial Officer Adele Skolits
EDINBURG, Va., Oct. 23, 2017 (GLOBE NEWSWIRE) -- Shenandoah Telecommunications Company ("Shentel" or the "Company") (NASDAQ:SHEN) announced today that Vice President and Chief Financial Officer Adele Skolits has informed the company that she is resigning effective November 7, 2017. Ms. Skolits has accepted the position of Chief Financial Officer of privately-held Buckeye Broadband in Toledo, Ohio. Her move to Toledo gives her the opportunity to live closer to family members, and an expected grandchild, who also live in the Toledo area.
Current Chief Operating Officer Earle A. MacKenzie will delay his announced retirement to assume the responsibilities of Chief Financial Officer on an interim basis. Mr. MacKenzie previously served as the Chief Financial Officer of the Company from 2003 until Ms. Skolits took over that role in 2007. Mr. MacKenzie will continue his responsibilities with investor relations and business development for the Company.
"I want to thank Adele for her many contributions to Shentel’s growth and success during her ten-year tenure with the Company," said President and CEO Christopher E. French. "Adele has held a key role overseeing the Company’s financial function and obtaining the financing critical to our organization’s growth in the past ten years. We wish her the best in her future endeavors and applaud the importance she places on her family."
Ms. Skolits commented, "I thoroughly enjoyed my time at Shentel and am extremely proud of what Shentel has accomplished during my tenure here. Shentel is as financially strong as it has ever been and is well positioned to continue its success into the future."
About Shenandoah Telecommunications
Shenandoah Telecommunications Company (Shentel) provides a broad range of diversified communications services through its high speed, state-of-the-art network to customers in the Mid-Atlantic United States. The Company's services include: wireless voice and data; cable video, internet and voice; fiber network and services; and local and long distance telephone. Shentel is the exclusive personal communications service ("PCS") Affiliate of Sprint in portions of Pennsylvania, Maryland, Virginia and West Virginia. For more information, please visit www.shentel.com.
For further information, please contact Christopher E. French at 540-984-4141.
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
(203)972-9200
jnesbett@institutionalms.com