-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ShramSKbvb1YIXkKFljNvS78rZj+Jq7TGUco2OK3C4YyxTqqF/sNsFVqbDlNikiC MMbnpsf+S1r5JuoRu5AKYQ== 0001104659-10-036018.txt : 20100629 0001104659-10-036018.hdr.sgml : 20100629 20100629103147 ACCESSION NUMBER: 0001104659-10-036018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100629 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100629 DATE AS OF CHANGE: 20100629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FAIRPOINT COMMUNICATIONS INC CENTRAL INDEX KEY: 0001062613 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 133725229 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32408 FILM NUMBER: 10921858 BUSINESS ADDRESS: STREET 1: 521 EAST MOREHEAD ST STREET 2: STE 250 CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 7043448150 FORMER COMPANY: FORMER CONFORMED NAME: MJD COMMUNICATIONS INC DATE OF NAME CHANGE: 19980527 8-K 1 a10-13251_18k.htm 8-K

 

 

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 )  June 29, 2010

 

FairPoint Communications, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-32408

 

13-3725229

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

521 East Morehead Street,

Suite 500,

Charlotte, North Carolina

 

28202

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code  (704) 344-8150

 

N/A

(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 (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item  5.02              Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

Appointment of Ajay Sabherwal as Executive Vice President and Chief Financial Officer

 

On June 29, 2010, FairPoint Communications, Inc. (the “Company”) announced the appointment of Ajay Sabherwal as its Executive Vice President and Chief Financial Officer, effective July 19, 2010.  Mr. Sabherwal will serve as the Company’s principal financial officer.

 

Mr. Sabherwal’s Professional Background

 

Mr. Sabherwal, age 44, previously served as Chief Financial Officer for Mendel Biotechnology from 2009 to 2010, Chief Financial Officer for Aventine Renewable Energy from 2005 to 2009 and Executive Vice President, Finance & Chief Financial Officer for Choice One Communications from 1999 to 2005.  Mr. Sabherwal holds a BE in Mechanical Engineering and an MS in Economics from the Birla Institute of Technology & Science in Pilani, India and an MBA from the Manchester Business School in Manchester, UK.

 

Item 8.01               Other Events

 

On June 29, 2010, the Company issued a press release entitled “FairPoint Communications Names Chief Financial Officer.”  A copy of the press release is being furnished by being attached hereto as Exhibit 99.1.

 

Item 9.01               Financial Statements and Exhibits

 

 

(d) Exhibits

 

 

 

 

 

Exhibit Number

 

Description

 

 

 

 

 

99.1

 

Press Release, dated June 29, 2010

 

2



 

SIGNATURES

 

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.

 

 

 

FAIRPOINT COMMUNICATIONS, INC.

 

 

 

 

 

 

 

By:

/s/ Lisa R. Hood

 

 

Name:

Lisa R. Hood

 

 

Title:

Senior Vice President and Controller,

Interim Chief Financial Officer

 

 

 

 

 

 

Date: June 29, 2010

 

 

 

3


EX-99.1 2 a10-13251_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

Media Contact:  Rose Cummings

(704) 602-7304

rcummings@fairpoint.com

 

FAIRPOINT COMMUNICATIONS NAMES CHIEF FINANCIAL OFFICER

 

CHARLOTTE, N.C. (June 29, 2010) — FairPoint Communications, Inc. today announced  Ajay Sabherwal has been appointed executive vice president and chief financial officer (CFO), effective July 19, 2010.

 

Sabherwal, 44, will report to Chairman and Chief Executive Officer David Hauser and will be responsible for all aspects of FairPoint’s finance function, including accounting, tax, treasury and investor relations.

 

Hauser commented, “Ajay brings to FairPoint deep knowledge of the telecom industry as well as financial acumen and veteran leadership. His past experiences as a chief financial officer as well as his years as an equity analyst give him a unique perspective that is valuable as FairPoint emerges from Chapter 11 as a stronger, more viable company.”

 

Sabherwal’s experience in telecommunications spans 16 years starting in 1989 in Canada with CNCP Telecommunications (the predecessor company of AT&T Canada) where he was a senior manager of business planning. In the 1990s, he was a leading Canadian telecommunications equity analyst with Deacon Barclays de Zoete Wedd and then Canadian Imperial Bank of Commerce.  In 1999 he became the chief financial officer at Choice One Communications, a competitive local exchange carrier based in Rochester, New York, where he worked for six years.  From there, Sabherwal worked for the next five years as a chief financial officer for two renewable energy companies — Aventine Renewable Energy and Mendel Biotechnology. During his career Sabherwal has also worked for Louis Dreyfus Trading Ltd. in London and Deloitte & Touche Management Consultants in Toronto.

 

He holds both a bachelor’s degree in mechanical engineering and a master’s degree in economics from the Birla Institute of Technology & Science in India.  He also earned a Master in Business Administration degree from Manchester Business School in Manchester, UK.  He will be based in Charlotte, N.C.

 

About FairPoint

 

FairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates local exchange companies in 18 states offering advanced communications with a personal touch, including local and long distance voice, data, Internet, television and broadband services. Learn more at www.fairpoint.com.

 

Pronunciation guide:

Ajay: ahh jay

Sabherwal: sub her vaal

 

# # #

 


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