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 22, 2020

Anterix Inc.

(Exact name of registrant as specified in its charter)





(973) 771-0300
Registrant’s telephone number, including area code

Not applicable

(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:

☐    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(b))

☐    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))



Securities registered pursuant to Section 12(b) of the Act:



Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐



If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐





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

On June 22, 2020, the Board of Directors (the “Board”) of Anterix Inc. (the “Company”), based on the recommendation of the Board’s Nominating and Corporate Governance Committee, authorized and approved the appointment of Gregory Pratt as a member of the Board, effective immediately. The Board determined that Mr. Pratt qualifies as an independent director pursuant to the Securities Act of 1933, as amended (the “Securities Act”), and the listing standards of the Nasdaq Stock Market.  The Company issued a press release announcing the appointment of Mr. Pratt. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference in this Item 5.02.

Mr. Pratt currently serves as a board member of Carpenter Technology Corporation (NYSE: CRS), a position he has held since July 2010, as the lead director, chairman of the corporate governance committee and on the strategic finance committee and audit committee of Tredegar Corporation (NYSE: TG), positions he has held since February 2014, and as the audit committee chairman of Operation Warm, a position he has held since July 2010. From November 2014 to November 2017, Mr. Pratt served as a board member to the Public Company Accounting Oversight Board’s Standing Advisory Group. From 2007 until 2017, Mr. Pratt served as the Capital Area Chapter Chairman of the National Association of Corporate Directors. From July 2005 until April 2013, Mr. Pratt served as chairman of the audit committee and as a member of the corporate governance committee of AmeriGas Propane Inc. (NYSE: APU). From July 1998 to January 2010, Mr. Pratt served as the Vice Chairman and as a member of the audit committee of OAO Technology Solutions, Inc. (Nasdaq: OAOT).  From October 2009 until July 2010 and from November 2014 until July 2015, Mr. Pratt served as executive chairman, president and CEO of Carpenter Technology Corporation.  Prior to this, Mr. Pratt served as a management board member of Intelligent Electronics, Inc. (Nasdaq: INEL) from 1992 to 1996.  Mr. Pratt also served as a management board member of Atari Corporation (ASE: ATR) from 1984 to 1992. Mr. Pratt has an MBA in finance from the Wharton School of Business, a Bachelor’s of Science in Business Administration from Cheyney University and is a Certified Public Accountant.

The Company’s non-employee director compensation program provides for an annual cash retainer of $65,000 for service on the Board, payable in four equal quarterly installments, and on a pro-rata basis for service during any portion of a fiscal quarter. Additionally, the Company’s non-employee director compensation program provides for an annual grant of Restricted Stock Awards, with a grant date fair market value equal to approximately $90,000, to be issued immediately following each annual meeting of stockholders, and on a pro-rata basis for service during any portion of a year.  Under this program, Mr. Pratt will receive a pro-rata payment of the annual cash retainer and receive a pro-rata Restricted Stock Award for shares of the Company’s common stock based on his service through the date of the Company’s 2020 annual meeting of stockholders (the “Restricted Stock Award”). The Restricted Stock Award will vest on the date of the Company’s 2020 annual meeting of stockholders, subject to accelerated vesting in the event of a change of control. The Restricted Stock Award will be subject to the terms and conditions of the Company’s 2014 Stock Plan and a Restricted Stock Award Agreement in the form previously approved by the Board for issuance to the Company’s non-employee directors. The Company’s form of Non-Employee Director Restricted Stock Award Agreement was filed with the Securities and Exchange Commission (the “SEC”) on February 16, 2016 as Exhibit 10.9 to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2015 and is incorporated herein by reference.

The Company also entered into an Indemnification Agreement with Mr. Pratt. The Indemnification Agreement provides for indemnification and advancement of litigation and other expenses to Mr. Pratt to the fullest extent permitted by law for claims relating to his service to the Company or its subsidiaries. The Company’s form of indemnification agreement was filed with the SEC on December 19, 2014 as Exhibit 10.9 to the Company’s Registration Statement on Form S-1 and is incorporated herein by reference.

There are no family relationships between Mr. Pratt and any of the Company’s directors or executive officers and Mr. Pratt does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. 















Item 9.01.  Financial Statements and Exhibits. 

 

(d) Exhibits.

 













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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.