0001104659-20-123165.txt : 20201110 0001104659-20-123165.hdr.sgml : 20201110 20201109173300 ACCESSION NUMBER: 0001104659-20-123165 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20201110 DATE AS OF CHANGE: 20201109 GROUP MEMBERS: SCOTT L. BARBEE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ALASKA COMMUNICATIONS SYSTEMS GROUP INC CENTRAL INDEX KEY: 0001089511 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 522126573 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-57739 FILM NUMBER: 201298898 BUSINESS ADDRESS: STREET 1: 600 TELEPHONE AVENUE STREET 2: - CITY: ANCHORAGE STATE: AK ZIP: 99503 BUSINESS PHONE: 9072973000 MAIL ADDRESS: STREET 1: 600 TELEPHONE AVENUE STREET 2: - CITY: ANCHORAGE STATE: AK ZIP: 99503 FORMER COMPANY: FORMER CONFORMED NAME: ALEC HOLDINGS INC DATE OF NAME CHANGE: 19990624 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AEGIS FINANCIAL CORP CENTRAL INDEX KEY: 0001140753 IRS NUMBER: 541712996 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6862 ELM STREET STREET 2: SUITE 830 CITY: MC LEAN STATE: VA ZIP: 22101-3897 BUSINESS PHONE: 7035287788 MAIL ADDRESS: STREET 1: 6862 ELM STREET STREET 2: SUITE 830 CITY: MC LEAN STATE: VA ZIP: 22101-3897 FORMER COMPANY: FORMER CONFORMED NAME: BERNO GAMBAL & BARBEE INC DATE OF NAME CHANGE: 20010516 SC 13D/A 1 tm2035517-1_sc13da.txt SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D/A (Amendment No. 6) Under the Securities Exchange Act of 1934 ALASKA COMMUNICATIONS SYSTEMS GROUP, INC. (Name of Issuer) COMMON SHARES, $.01 Par Value (Title of Class of Securities) COMMON - 01167P101 (CUSIP Number) SCOTT L. BARBEE AEGIS FINANCIAL CORPORATION 6862 ELM STREET, SUITE 830 MCLEAN, VA 22101 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 6, 2020 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [X]. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). -------------------------------------------------------------------------------- CUSIP No. 01167P101 SCHEDULE 13D -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Aegis Financial Corporation -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware -------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER OF ---------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ---------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- PERSON ---------------------------------------- WITH 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IA -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- CUSIP No. 01167P101 SCHEDULE 13D -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON Scott L. Barbee -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* OO -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [_] -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America -------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- NUMBER OF ---------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY ---------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- PERSON ---------------------------------------- WITH 10 SHARED DISPOSITIVE POWER -0- -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0- -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.00% -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- 1. SECURITY AND ISSUER. This Schedule 13D filed by Aegis Financial Corporation and by Scott L. Barbee (each, a "Reporting Person" and collectively, the "Reporting Persons") relate to the common stock of Alaska Communications Systems Group, Inc. (the "Issuer"). The principal executive office of the Issuer is located at 600 Telephone Avenue, Anchorage, Alaska 99503-6091. 2. IDENTITY AND BACKGROUND. (a), (b) and (c) This Schedule 13D is being filed on behalf of Aegis Financial Corporation ("AFC") and Scott L. Barbee (each a "Reporting Person" and collectively, the "Reporting Persons"). (i) The address of the principal business and principal office of AFC is 6862 Elm Street, Suite 830, McLean, VA 22101. Scott L. Barbee is the President and sole shareholder of AFC. (ii) Scott L. Barbee's address is 6862 Elm Street, Suite 830, McLean, VA 22101. Scott L. Barbee is President and sole shareholder of AFC. (d) During the past five years, neither of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the past five years, neither of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) AFC is a Delaware Corporation. Scott L. Barbee is a citizen of the United States of America. 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The amount of funds expended to date by the Reporting Persons to acquire the 0 shares of common stock it holds beneficially is $0. Shares previously held were purchased using funds provided from Advisory Clients' investment accounts managed by the Reporting Persons. No borrowed funds were used to purchase the Common Stock. 4. PURPOSE OF TRANSACTION. The Reporting Persons acquired the shares of Common Stock of the Issuer for investment purposes. Except as set forth above and as incorporated by reference, the Reporting Persons do not have any present plans or proposals that relate to or would result in any of the actions required to be described in Item 4 of this Final Amendment to Schedule 13D. The Reporting Persons may, at any time, review or reconsider its position with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but has no present intention of doing so. The filing of this Amendment No. 6 represents the final amendment to the Schedule 13D and constitutes an "exit filing" for the Reporting Persons. 5. INTEREST IN SECURITIES OF THE ISSUER. To the best of the Reporting Persons' knowledge based on the information contained in the Issuer's most recent Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, the number of shares of Common Stock of the Company outstanding as of Aug 4, 2020 was 53,668,057 shares. (A) Aegis Financial Corporation (a) - (e) Aggregate number of shares beneficially owned: -0- Percentage: 0.0% (b) 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct disposition: -0- (c) During the 60-day period ended Nov 9, 2020, Aegis Financial Corporation decreased its overall beneficial ownership of the Company's common stock through securities sale transactions. Average prices include brokerage commissions paid. Common Shares Average Price Date No. of Shares per Share ------------------- ------------------------------ --------------------- 11/03/2020 (261,200) $3.03 11/04/2020 (150,000) $3.00 11/06/2020 (1,700,000) $3.03 11/09/2020 (269,248) $3.05 (B) Scott L. Barbee (a) - (e) Aggregate number of shares beneficially owned: -0- Percentage: 0.0% (b) 1. Sole power to vote or to direct vote: -0- 2. Shared power to vote or to direct vote: -0- 3. Sole power to dispose or to direct the disposition: -0- 4. Shared power to dispose or to direct disposition: -0- (c) During the 60-day period ended November 9, 2020, Scott L. Barbee did not purchase or sell any shares of the Company's Common Stock. (d) AFC's advisory clients have the right to receive or direct the receipt of dividends from, or the proceeds from the sale of, the 0 shares of common stock. (e) Not applicable. 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. There are no contracts, arrangements, understandings or relationships between the reporting Persons and any other person with respect to any security of the Company. 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1 Joint Filing Agreement, dated as of November 9, 2020, among Aegis Financial Corporation and Scott L. Barbee After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. DATED: November 9, 2020 Aegis Financial Corporation By: /s/ Scott L. Barbee ----------------------------- Name: Scott L. Barbee Title: President By: /s/ Scott L. Barbee ----------------------------- Scott L. Barbee Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, each of the undersigned agree to the joint filing on behalf of each of them of the Schedule 13D to which this Joint Filing Agreement (this "AGREEMENT") is attached as an Exhibit and any amendments thereto. In evidence thereof, each of the undersigned, being duly authorized, hereby executed this Agreement. Date: November 9, 2020 Aegis Financial Corporation By: /s/ Scott L. Barbee ----------------------------- Name: Scott L. Barbee Title: President By: /s/ Scott L. Barbee ----------------------------- Scott L. Barbee