ATEX issues $500,000 retention bonus with 2027 clawback

Rhea-AI Filing Summary

Anterix Inc. disclosed that on October 3, 2025 it entered into a bonus agreement with Chief Regulatory and Communications Officer Christopher Guttman-McCabe. The company paid a one-time bonus of $500,000 on October 8, 2025 for his work supporting operations and strategy. The payment is subject to a clawback: if Mr. Guttman-McCabe leaves before October 3, 2027, he must repay the bonus. The agreement includes customary covenants and the company will file the full agreement as an exhibit in its periodic report for the quarter ended December 31, 2025.

Positive

• $500,000 bonus demonstrates targeted executive retention to support operations and strategy
• Bonus includes a repayment (clawback) provision through October 3, 2027, which protects shareholders if the executive departs early

Negative

• One-time $500,000 cash payment increases near-term cash outflows
• Full terms are not yet filed; uncertainty remains about any performance conditions or additional restrictive covenants until the exhibit is posted

Insights

Compensation Specialist

One-time $500,000 retention-style bonus with a two-year clawback.

The payment functions as a short-term retention and incentive tool for the executive charged with regulatory and communications responsibilities. The clawback provision through October 3, 2027 ties repayment to tenure, which is a common mechanism to protect the company if the executive departs prematurely.

The main dependencies are continued employment and compliance with the agreement's covenants; investors should note the full agreement will be filed with the quarterly report for the period ending December 31, 2025, which will clarify any performance conditions or restrictive covenants.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

FALSE000130449200013044922025-08-052025-08-05

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 9, 2025

Anterix Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-36827

33-0745043

(State or other jurisdiction

(Commission File Number)

(IRS Employer

of incorporation)

Identification No.)

3 Garret Mountain Plaza Suite 401 Woodland Park, NJ						07424
(Address of principal executive offices)						(Zip Code)

(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)

☐ 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:

Title of each class			Trading symbol			Name of Each Exchange on which registered
Common Stock, $0.0001 par value			ATEX			The Nasdaq Stock Market LLC
						(NASDAQ Capital Market)

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 October 3, 2025, Anterix Inc. (the “Company”) entered into a bonus agreement with Christopher Guttman-McCabe, the Company’s Chief Regulatory and Communications Officer (the “Bonus Agreement”). Pursuant to the Bonus Agreement, Mr. Guttman-McCabe was paid $500,000 on October 8, 2025, for his efforts in supporting the Company’s operations and continued strategy. Subject to the terms of the Bonus Agreement, should Mr. Guttman-McCabe leave the Company before October 3, 2027, he will be required to repay the bonus paid to him under the Bonus Agreement. The Bonus Agreement also contains covenants and agreements customary for an agreement of this type.

The foregoing description of the Bonus Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Bonus Agreement, a copy of which will be filed with the Company’s periodic report under the Securities Exchange Act of 1934 for the quarter ended December 31, 2025.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
104						Cover Page Interactive Data File (formatted as Inline XBRL).

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.

			Anterix Inc.
Date: October 9, 2025			/s/ Gena L. Ashe
			Gena L. Ashe
			Chief Legal Officer and Corporate Secretary

FAQ

What did Anterix (ATEX) disclose about executive compensation?

Anterix disclosed a bonus agreement with its Chief Regulatory and Communications Officer that resulted in a $500,000 payment on October 8, 2025.

Is the $500,000 bonus subject to repayment?

Yes. If the executive leaves before October 3, 2027, he must repay the bonus under the agreement's terms.

Where will the full bonus agreement be available?

The company will file the complete bonus agreement as an exhibit to its periodic report for the quarter ended December 31, 2025.

Does the filing state any performance conditions tied to the bonus?

No. The summary notes customary covenants but does not disclose specific performance conditions; those will be visible in the filed exhibit.

When was the bonus paid to Christopher Guttman-McCabe?

The payment of $500,000 was made on October 8, 2025.