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| HCOM > SEC Filings for HCOM > Form 8-K on 28-Dec-2012 | All Recent SEC Filings |
28-Dec-2012
Other Events, Financial Statements and Exhibits
The Company announced today that the membership of IBEW Local Union 1357 has ratified a new collective bargaining agreement with Hawaiian Telcom, Inc., a wholly-owned subsidiary of the Company. The new five-year collective bargaining agreement will go into effect January 1, 2013 and will provide for, among other things: annual wage increases of one percent each of the first two years, one and one-half percent the third year, and two percent each of the last two years; Company matching under its 401(k) plan of up to ten percent of base salary while freezing the defined benefit pension plan; employee contribution of five percent of the premiums for health care coverage; and up to thirteen weeks of fully-paid sick leave annually. The new collective bargaining agreement replaces the terms of employment implemented by Hawaiian Telcom, Inc. on January 1, 2012.
A copy of the press release announcing the ratification of the new collective bargaining agreement is attached hereto as Exhibit 99.1.
(d) Exhibits
99.1 Press release dated December 28, 2012 announcing ratification of new collective bargaining agreement.
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