0001520744-16-000050.txt : 20160119 0001520744-16-000050.hdr.sgml : 20160118 20160119092320 ACCESSION NUMBER: 0001520744-16-000050 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160119 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160119 DATE AS OF CHANGE: 20160119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Lumos Networks Corp. CENTRAL INDEX KEY: 0001520744 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 800697274 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35180 FILM NUMBER: 161347139 BUSINESS ADDRESS: STREET 1: ONE LUMOS PLAZA STREET 2: P.O. BOX 1068 CITY: WAYNESBORO STATE: VA ZIP: 22980 BUSINESS PHONE: 540-946-2000 MAIL ADDRESS: STREET 1: ONE LUMOS PLAZA STREET 2: P.O. BOX 1068 CITY: WAYNESBORO STATE: VA ZIP: 22980 FORMER COMPANY: FORMER CONFORMED NAME: NTELOS Wireline One Inc. DATE OF NAME CHANGE: 20110513 8-K 1 lmos-20160119x8k.htm 8-K lmos-20160119-Form 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): January 19, 2016

 

 

 

Lumos Networks  Corp.

(Exact Name of Registrant as Specified in Charter)

 

 

 

 

 

Delaware

(State or Other Jurisdiction

of Incorporation)

001-35180

(Commission File Number)

80-0697274

(IRS Employer

Identification No.)

 

One Lumos Plaza, P.O. Box 1068, Waynesboro, Virginia 22980

(Address of Principal Executive Offices) (Zip Code)

 

(540) 946-2000

(Registrant’s telephone number, including area code)

 

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):

 

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))

 


 

 

Item 5.02Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

 

Election of Directors

 

On January 18, 2016, the Board of Directors (the “Board”) of Lumos Networks Corp. (the “Company”), upon a recommendation of the Nominating and Governance Committee, increased the size of the Board to 11 directors and elected Lawrence J. Askowitz and Shawn F. O’Donnell to the Board, in each case effective as of such date.

 

Mr. Askowitz will serve on the Nominating and Governance Committee of the Board, and Mr. O’Donnell will serve on the Compensation Committee.

 

Mr. Askowitz has over 20 years of capital markets and mergers and acquisitions experience in the telecommunications industry. Mr. Askowitz currently serves as a partner at Gabriel Advisors, LLC, an investment firm which advises and acquires communication and media technology companies. Mr. Askowitz also currently serves as a Managing Director of Kidron Capital Advisors, LLC, a registered broker dealer. Before founding Gabriel Advisors, LLC in April 2005, Mr. Askowitz was the telecommunication and media technology partner at ZelnickMedia Corporation, a private equity firm, from January 2004 through April 2005. Mr. Askowitz served as a managing director and head of Deutsche Bank’s U.S. Wireless Banking practice from January 2002 through September 2003. Before joining Deutsche Bank in September 2000, Mr. Askowitz was an investment banker at Credit Suisse from 1998 to 2000, and at Lazard from 1987 to 1998.  Mr. Askowitz served as a member of the board of directors of 180 Connect, a publicly-traded system integrator for the cable and satellite industry from August 2007 through August 2008, when it was sold to DirecTV. Mr. Askowitz served as a member of the board of directors of Ad.Venture Partners, a company created to acquire a technology, media or telecommunications company, from September 2005 through August 2007, when it acquired 180 Connect. Mr. Askowitz served as a member of the board of directors of Horizon PCS, Inc., a provider of personal communications services under the Sprint brand from October 2004 until July 2005, when it merged into iPCS Inc., another Sprint affiliate.

 

Mr. O’Donnell has over 25 years of operations experience in the telecommunications industry. Mr. O’Donnell is a managing director of FTI Consulting and currently serves as the President and Chief Executive Officer of Caribbean Asset Holdings, a telecommunications company based in the USVI. In 2013, Mr. O’Donnell served as a member of the board of directors of CTIA: The Wireless Association, an international industry trade group that represents the wireless communications industry. From 2011 through 2012, Mr. O’Donnell served as the President and Chief Executive Officer, International Services Division of Primus Telecommunications, a provider of advanced telecommunication services. From 2008 through 2011, Mr. O’Donnell served as the Chief Executive Officer and President and a member of the board of directors of Arbinet Corporation, a provider of international voice and IP solutions to carriers and service providers globally. From April 2007 until September 2008, Mr. O’Donnell served as a Senior Director of CXO Corporation, which specializes in management and operational consulting. From March 2003 through December 2006, Mr. O’Donnell was a member of Capital and Technology Advisors, Inc., a consulting firm specializing in the telecommunications and technology sectors, serving as Chief Operating Officer from July 2005 through December 2006. His corporate experience began at MCI where he held various engineering and operations management positions and continued as Executive Vice President of Network Services & Systems for Pathnet, a provider of long haul telecommunications capacity.

 

Neither Mr. Askowitz nor Mr. O’Donnell has any relationship with the Company that would require disclosure pursuant to Item 404(a) of SEC Regulation S-K. Neither Mr. Askowitz nor Mr. O’Donnell has any


 

direct or indirect material interest in any existing or currently proposed transaction to which the Company is or may become a party.

 

2016 Annual Meeting

 

On January 18, 2016, the Board also determined, upon a recommendation of the Nominating and Governance Committee, that the following persons would be nominated for election at the 2016 Annual Meeting: Peter Aquino, Lawrence Askowitz, Timothy Biltz, Robert Guth, Shawn O’Donnell, William Pruellage, Michael Robinson, Michael Sicoli and Jerry Vaughn.

 

Current directors Judi North and Brian Rosenberg will not be standing for re-election at the 2016 Annual Meeting. Neither Ms. North nor Mr. Rosenberg has any disputes or disagreements with the Company.

 

On January 19, 2016, the Company issued a press release announcing the appointment of Mr. Askowitz and Mr. O’Donnell and the nomination of directors for the 2016 Annual Meeting. A copy of the related press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

 

Item 9.01Financial Statements and Exhibits.

 

(d)Exhibits

 

 

 

 

Exhibit No.

 

Description

99.1

 

Press Release, dated January 19, 2016

 

 

 

 

 

 

 

 


 

 

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:  January 19, 2016

 

 

 

LUMOS NETWORKS CORP.

 

 

By:

/s/ Johan G. Broekhuysen

 

Johan G. Broekhuysen

Executive Vice President, Chief Financial Officer and Chief Accounting Officer

 

 

 

 


 

Exhibit Index

 

Exhibit No.         Description

 

99.1                      Press Release, dated January 19, 2016.

 


EX-99.1 2 lmos-20160119ex991ace145.htm EX-99.1 lmos_20160119-EXHIBIT_99.1

Exhibit 99.1

 

 

428px-Lumos_Networks_Logo_svg.jpg

 

 

 

 

 

 

 

Lumos Networks Corp. Announces Appointment of New Board Members

 

Company Release – January 19, 2016

 

Waynesboro, VA. –  Lumos Networks Corp. (“Lumos Networks” or the “Company”) (Nasdaq: LMOS), a fiber-based service provider of data, voice and IP-based telecommunication services in the Mid-Atlantic region, today announced that the Board of Directors of the Company has appointed Lawrence J. Askowitz and Shawn F. O’Donnell to serve as new independent members of the Company’s Board of Directors. These appointments support the Company’s strategy of accelerating the Company’s transformation into a pure play fiber bandwidth infrastructure company. 

Mr. Askowitz has over 20 years of capital markets and mergers and acquisitions experience in the telecommunications industry. Mr. Askowitz currently serves as a partner at Gabriel Advisors, LLC, an investment firm which advises and acquires communication and media technology companies. Mr. Askowitz also currently serves as a Managing Director of Kidron Capital Advisors, LLC, a registered broker dealer. Before founding Gabriel Advisors, LLC in April 2005, Mr. Askowitz was the telecommunication and media technology partner at ZelnickMedia Corporation, a private equity firm, from January 2004 through April 2005. Mr. Askowitz served as a managing director and head of Deutsche Bank’s U.S. Wireless Banking practice from January 2002 through September 2003. Before joining Deutsche Bank in September 2000, Mr. Askowitz was an investment banker at Credit Suisse from 1998 to 2000, and at Lazard from 1987 to 1998. Mr. Askowitz has extensive board of directors experience in the telecommunications industry, including 180 Connect, a publicly-traded system integrator for the cable and satellite industry, and Horizon PCS, Inc., a provider of personal communications services.

Mr. O’Donnell has over 25 years of operations experience in the telecommunications industry. Mr. O’Donnell is a managing director of FTI Consulting and currently serves as the President and Chief Executive Officer of Caribbean Asset Holdings, a telecommunications company based in the USVI. In 2013, Mr. O’Donnell served as a member of the board of directors of CTIA: The Wireless Association, an international industry trade group that represents the wireless communications industry. From 2011 through 2012, Mr. O’Donnell served as the President and Chief Executive Officer, International Services Division of Primus Telecommunications, a provider of advanced telecommunication services. From 2008 through 2011, Mr. O’Donnell served as the Chief Executive Officer and President and a member of the board of directors of Arbinet Corporation, a provider of international voice and IP solutions to carriers and service providers globally. Previously Mr. O’Donnell served in consulting positions with CXO Corporation and Capital and Technology Advisers. He also previously served in management positions at MCI and at Pathnet, a provider of long haul telecommunications capacity.

 

“We are pleased to welcome Lawrence and Shawn to the Lumos Networks Board of Directors,” said Lumos CEO Timothy Biltz. “Lawrence’s long track record of success and strong leadership in the finance and telecommunications sectors will be valuable to our continuing efforts to transform our company.

 


 

Shawn brings valuable experience from his extensive background in management roles and experience with boards of directors in the telecommunications industry.”

 

Lumos also announced that the following directors are being nominated for re-election at the 2016 Annual Meeting: Peter Aquino, Lawrence Askowitz, Timothy Biltz, Robert Guth, Shawn O’Donnell, William Pruellage, Michael Robinson, Michael Sicoli and Jerry Vaughn. 

Robert Guth, Lumos Chairman of the Board, stated, “We expect our total number of directors to return to nine at our 2016 Annual Meeting as Judi North and Brian Rosenberg will not be standing for re-election at the Annual Meeting.  Judi and Brian have served the Company and its shareholders passionately throughout their tenures and we give our profound thanks to them for their outstanding Board service.  We will miss their contributions as well as their professionalism.” 

 

About Lumos Networks

 

Lumos Networks is a leading fiber-based service provider in the Mid-Atlantic region serving Carrier, Enterprise and Data Center customers, offering end-to-end connectivity in 24 markets in Virginia, Pennsylvania, West Virginia, Maryland, Ohio and Kentucky. With a fiber network of 8,408 fiber route miles and approximately 379,000 total fiber strand miles, Lumos Networks connects 1,030 unique Fiber to the Cell sites, 1,363 total FTTC connections, 33 data centers, including 7 company owned co-location facilities, 1,642 on-net buildings and approximately 2,700 total on-net locations. In 2014, Lumos Networks generated over $106 million in data revenue and nearly $52 million in Adjusted EBITDA over our fiber network. Detailed information about Lumos Networks is available at www.lumosnetworks.com.

 

SPECIAL NOTE FROM THE COMPANY REGARDING FORWARD-LOOKING STATEMENTS

 

Any statements contained in this presentation that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. The words “anticipates,” “believes,” “expects,” “intends,” “plans,” “estimates,” “targets,” “projects,” “should,” “may,” “will,” “scheduled” and similar words and expressions are intended to identify forward-looking statements. Such forward-looking statements reflect, among other things, our current expectations, plans and strategies, and anticipated financial results, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. We do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise. Important factors with respect to any such forward-looking statements, including certain risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, include, but are not limited to: rapid development and intense competition in the telecommunications and high speed data transport industry; our ability to offset expected revenue declines in legacy voice and access products related to the recent regulatory actions, wireless substitution, technology changes and other factors; our ability to effectively allocate capital and implement our network expansion plans in a timely manner; our ability to complete customer installations in a timely manner; adverse economic conditions; operating and financial restrictions imposed by our senior credit facility and our unsecured debt obligations; our cash and capital requirements; declining prices for our services; our ability to maintain and enhance our network; the potential to experience a high rate of customer turnover; federal and state regulatory fees, requirements and developments; our reliance on certain suppliers and vendors; and other unforeseen difficulties that may occur. These risks and uncertainties are not intended to represent a complete list of all risks and uncertainties inherent in our business, and should be read in conjunction with the more detailed cautionary statements and risk factors included in our SEC filings, including our Annual Report filed on Form 10-K.


 

 

Lumos Networks Corp.

Will Davis

Vice President of Investor Relations and Chief of Staff 

540-946-6930 (office)

917-519-6994 (cell)
davisw@lumosnet.com 

Source: Lumos Networks Corp.

 

 

 

 

 


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