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ATN International (NASDAQ: ATNI) outlines exit terms for Senior Vice President and General Counsel

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

ATN International, Inc. reports that Senior Vice President and General Counsel Mary Mabey has agreed to step down effective October 31, 2026, and will continue in her role with current base salary through that date. The company states the separation is not due to any disagreement over operations, policies, or practices.

Under a Transition Agreement, Mabey remains eligible for a 2026 annual incentive bonus with a target value of 60% of her current annual base salary, pro-rated for time worked in 2026, determined 50% by Company performance and 50% by her individual performance, and payable in 2027. Her outstanding equity awards will continue to vest through the Separation Date under the 2023 Equity Incentive Plan, and receipt of severance and transition benefits is conditioned on her continued service and on execution and non-revocation of a release and waiver of claims.

Positive

  • None.

Negative

  • None.
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.
Separation Date October 31, 2026 Effective date of Mary Mabey’s departure as Senior Vice President and General Counsel
2026 annual incentive bonus target 60% of current annual base salary Target value of Mabey’s 2026 Pro-Rated Annual Bonus under the Transition Agreement
Company performance weighting 50% Portion of the 2026 Pro-Rated Annual Bonus tied to Company performance for the 2026 year
Individual performance weighting 50% Portion of the 2026 Pro-Rated Annual Bonus tied to Mabey’s individual performance for the 2026 year
Bonus payment year 2027 Year in which the 2026 Pro-Rated Annual Bonus will be paid to Mabey
Transition Agreement regulatory
"In connection with the Separation, Ms. Mabey and the Company entered into that certain Transition Agreement"
Executive Agreement regulatory
"that certain Executive Agreement, dated as of March 9, 2023, by and between the Company and Ms. Mabey"
2023 Equity Incentive Plan financial
"subject to the terms and conditions of the ATN International, Inc. 2023 Equity Incentive Plan"
annual incentive bonus financial
"she will be eligible to receive her 2026 annual incentive bonus with a target value equal to 60%"
release and waiver of claims regulatory
"subject to, among other things, (i) her execution and non-revocation of a release and waiver of claims"

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FAQ

What leadership change did ATN International (ATNI) disclose on July 27, 2026?
ATN International disclosed that Senior Vice President and General Counsel Mary Mabey agreed to step down effective October 31, 2026. She will continue serving in her current role and receive her current base salary through the Separation Date, and the separation is not due to any disagreement.

How will Mary Mabey’s 2026 bonus be determined at ATN International (ATNI)?
Mabey is eligible for a 2026 pro-rated annual incentive bonus with a target of 60% of her current annual base salary. The actual amount will be based 50% on Company performance and 50% on her individual performance for 2026, and will be paid in 2027.

What happens to Mary Mabey’s equity awards in her transition from ATN International (ATNI)?
Outstanding equity awards will continue to vest through October 31, 2026. Vesting remains subject to the terms and conditions of the ATN International, Inc. 2023 Equity Incentive Plan and the applicable award agreements, providing continuity of her existing equity compensation through the Separation Date.

What conditions must be met for Mary Mabey to receive separation benefits from ATN International (ATNI)?
Receipt of severance and other benefits under the Agreements requires continued service through the Separation Date, unless the Company determines otherwise, and her execution and non-revocation of a release and waiver of claims in favor of the Company following the Separation Date, among other customary conditions.

Which agreements govern Mary Mabey’s separation from ATN International (ATNI)?
Mabey’s separation is governed by an Executive Agreement dated March 9, 2023 and a Transition Agreement dated July 27, 2026. The Transition Agreement supplements severance under the Executive Agreement and is included as Exhibit 10.1 to the company’s report.

Did ATN International (ATNI) report any dispute behind Mary Mabey’s departure?
The company states that the separation is not the result of any disagreement with ATN International regarding its operations, policies, or practices. The disclosure also thanks Mary Mabey for her service and contributions, framing the transition as non-adversarial.
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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): July 27, 2026

 

 

 

ATN INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-12593   47-0728886
(State or other   (Commission File Number)   (IRS Employer
jurisdiction of incorporation)       Identification No.)

 

500 Cummings Center

Beverly, MA 01915

(Address of principal executive offices and zip code)

 

(978) 619-1300

(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))

 

Title of Each Class   Trading Symbol(s)   Name of each exchange on which
registered
Common Stock, par value $.01 per share   ATNI   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company 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. o

 

 

 

 

 

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

 

On July 27, 2026, Mary Mabey agreed to step down as Senior Vice President and General Counsel (the “Separation”) of ATN International, Inc. (the “Company”), effective as of October 31, 2026 (the “Separation Date”). As currently contemplated, Ms. Mabey will continue to serve as Senior Vice President and General Counsel and receive her current base salary through the Separation Date. The Separation is not the result of any disagreement with the Company regarding its operations, policies, or practices, and the Company thanks Ms. Mabey for her service and contributions.

 

In connection with the Separation, Ms. Mabey and the Company entered into that certain Transition Agreement, dated as of July 27, 2026 (the “Transition Agreement”). In addition to the severance benefits that Ms. Mabey will be entitled to under Section 2(b) of that certain Executive Agreement, dated as of March 9, 2023, by and between the Company and Ms. Mabey (the “Executive Agreement” and, together with the Transition Agreement, the “Agreements”), the Transition Agreement provides that she will be eligible to receive her 2026 annual incentive bonus with a target value equal to 60% of her current annual base salary, pro-rated for Ms. Mabey’s period of employment during 2026 (the “2026 Pro-Rated Annual Bonus”). The actual payable amount of the 2026 Pro-Rated Annual Bonus will be determined by the Compensation Committee of the Company’s Board of Directors based upon Company performance for the fiscal year ending December 31, 2026 (the “2026 year”) (weighted 50%) and Ms. Mabey’s individual performance for the 2026 year (weighted 50%), and will be paid in 2027 when such bonuses are paid to the Company’s employees. Ms. Mabey’s outstanding equity awards will continue to vest through the Separation Date, subject to the terms and conditions of the ATN International, Inc. 2023 Equity Incentive Plan and the applicable award agreements. Notwithstanding the foregoing, Ms. Mabey’s receipt of the benefits provided for under each of the Agreements is subject to, among other things, (i) her execution and non-revocation of a release and waiver of claims in favor of the Company following the Separation Date and (ii) her continued service through the Separation Date, unless otherwise determined by the Company.

 

The foregoing description of the Transition Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Transition Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01         Financial Statements and Exhibits.

 

(d) Exhibits.

 

10.1 Transition Agreement, dated July 27, 2026, by and between ATN International, Inc. and Mary Mabey.
104 Cover page formatted in Inline XBRL (embedded within the Inline XBRL document)

 

 

 

 

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.

 

  ATN INTERNATIONAL, INC.
     
  By: /s/ Carlos Doglioli
    Carlos Doglioli
    Chief Financial Officer
     
Dated:  July 31, 2026    

 

 

 

Source: View Original Filing on SEC EDGAR

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