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 17, 2014
 
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 7.01
Regulation FD Disclosure
On October 17, 2014, FairPoint Communications, Inc. (the “Company”) issued a press release announcing its operations continue without disruption despite the strike called for by its northern New England unions. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

The information in this Current Report, including the exhibits attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Current Report, including the exhibits, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing.
 
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
 
 
 
 
Exhibit
Number
  
Description
 
 
99.1
  
Press Release dated October 17, 2014







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/ Shirley Linn
 
 
Name:
 
Shirley Linn
 
 
Title:
 
Executive Vice President and General Counsel
Date: October 17, 2014




10.17.14 press release


            Exhibit 99.1



FOR IMMEDIATE RELEASE

Media Contact:
Angelynne Beaudry
(207) 210-3079 - cellular
aamores@fairpoint.com


FairPoint Operations to Continue Without Interruption


PORTLAND, Me (October 17, 2014) - Unions representing about 1,700 of FairPoint’s approximately 2,550 employees in northern New England have called for a strike.

FairPoint spokeswoman Angelynne Beaudry said FairPoint is disappointed by the unions’ decision to walk out, but the company has comprehensive plans in place to ensure continuity of service to its customers.

“We value every customer and it is important for them to know that we have comprehensive contingency plans in place to ensure the service they, and the economy and communities of northern New England, rely on continues without interruption,” Beaudry said.

Residential customers who need assistance can call 1-866-984-2001. Business customers can call 1-866-984-3001.

“The previous contracts with our unions expired in early August and, unfortunately, despite months of negotiations the two sides remain far apart on the issues we think are key to the future of the company,” said Beaudry. “While we have implemented our final proposals, we have always remained willing to negotiate and have committed to evaluate and respond to any counterproposal from the unions that meaningfully addresses the core issues of these negotiations. So far we have not received any such counterproposals.”

Beaudry continued, “At no point in the negotiation did FairPoint propose to reduce base wages for existing employees. We sought instead to bring the existing health care and pension benefits in line with what we believe are mainstream for employees in the region, and transition union represented employees to the same or similar benefit plans as offered to other FairPoint employees, including management. We believe these changes are fair to our employees while enabling the Company to provide modern telecommunication products and services to our customers, communities and states at a competitive price.”

Under the previous contracts, the company paid 100% of all healthcare premiums for its unionized workforce, provided unlimited paid sick days, a defined benefit pension plan with no employee contributions, and a 401K plan with a company match. In total, under the old agreements, the average wage and benefit costs for FairPoint’s union represented employees in Maine, New Hampshire and Vermont were approximately $115,000 per year - not including the future costs of pension and other post-retirement benefits.

Beaudry concluded by noting, “We are disappointed in the unions’ decision to strike. In the meantime, FairPoint will focus on meeting the product and service needs of our customers.”

About FairPoint Communications, Inc.
FairPoint Communications, Inc. (Nasdaq: FRP) provides advanced data, voice and video technologies to single and multi-site businesses, public and private institutions, consumers, wireless companies and wholesale re-sellers in 17 states. Leveraging an





owned, fiber-core Ethernet network - including more than 16,000 route miles of fiber in northern New England - FairPoint has the network coverage, scalable bandwidth and transport capacity to support enhanced applications, including the next generation of mobile and cloud-based communications, such as small cell wireless backhaul technology, voice over IP, data center colocation services, managed services and disaster recovery. For more information, visit www.FairPoint.com.

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