# EDGAR Filing Document

**Accession Number:** 0001304492
**File Stem:** 0001304492-23-000009
**Filing Date:** 2023-2
**Character Count:** 14955
**Document Hash:** 7a7698df417ff1539c9dd133368f39db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001304492-23-000009.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001304492-23-000009

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230213

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Anterix Inc.
- **CENTRAL INDEX KEY:** 0001304492
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **IRS NUMBER:** 330745043
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36827
- **FILM NUMBER:** 23622414

**BUSINESS ADDRESS:**
- **STREET 1:** 3 GARRET MOUNTAIN PLAZA
- **STREET 2:** SUITE 401
- **CITY:** WOODLAND PARK
- **STATE:** NJ
- **ZIP:** 07424
- **BUSINESS PHONE:** (973) 771-0300

**MAIL ADDRESS:**
- **STREET 1:** 3 GARRET MOUNTAIN PLAZA
- **STREET 2:** SUITE 401
- **CITY:** WOODLAND PARK
- **STATE:** NJ
- **ZIP:** 07424

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** pdvWireless, Inc.
- **DATE OF NAME CHANGE:** 20151105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pacific DataVision, Inc.
- **DATE OF NAME CHANGE:** 20140616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pacific Data Vision
- **DATE OF NAME CHANGE:** 20040928

?xml version="1.0" ? atex-20230213

**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): **February 13, 2023** 

**Anterix Inc.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-36827** | **33-0745043** |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of incorporation) | | Identification No.) |

---

---

| | |
|:---|:---|
| **3 Garret Mountain Plaza**<br>**Suite 401**<br>**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:

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| | | |
|:---|:---|:---|
| 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. ☐

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

On February 13, 2023, the Board of Directors (the "Board") of Anterix Inc. (the "Company"), based on the recommendation of the Board's Nominating and Corporate Governance Committee, increased the size of the Board to nine directors and appointed Jeffrey Altman as a member of the Board, effective immediately. The Board determined that Mr. Altman qualifies as an independent director pursuant to the Securities Exchange Act of 1934, as amended, and the listing standards of the Nasdaq Stock Market. The Board also appointed Mr. Altman to the Strategy committee of the Board.

Mr. Altman is the Managing Partner and Chief Portfolio Manager of Owl Creek Asset Management, L.P. ("Owl Creek"). Owl Creek serves as the investment manager to, and has the power to direct the voting and investment activities of, each of the funds managed by Owl Creek. Mr. Altman founded. Owl Creek and launched the Owl Creek Flagship Funds in February 2002, followed by the Owl Creek Socially Responsible Investment Fund in May 2006, the Owl Creek Credit Funds in July 2012, the Owl Creek MGM Fund in November 2016, the OC Opportunities Fund II in October 2018, the Owl Creek Special Situations Fund, L.P. in April 2019, and the OC Opportunities Fund III in May 2021. As Chief Portfolio Manager, Mr. Altman directs all aspects of research and trading on all investments and leads the investment group at Owl Creek in a team approach to gathering consensus on investment ideas. Additionally, Mr. Altman is a member of Owl Creek's Risk Management Committee. Prior to forming Owl Creek, Mr. Altman began working for Franklin Mutual Advisers, LLC in 1988 and, from 1996 to 2001, he served as a portfolio manager and head of a group that managed a portfolio of distressed securities with a value of more than $2.4 billion. During Mr. Altman's 13 years at both Franklin Mutual and Heine Securities Corporation, the former advisor to the Mutual Series family of funds, he served in various capacities, including junior and senior analyst positions, head trader of the bankruptcy and distressed group, senior vice president and senior portfolio manager. Mr. Altman earned a B.S.M. in Management from the A.B. Freeman School of Business at Tulane University in 1988. Mr. Altman has established extensive contacts in the investment community, including CEOs, portfolio managers, industry experts, sell-side analysts, and attorneys.

The Company entered into an Indemnification Agreement with Mr. Altman. The Indemnification Agreement provides for indemnification and advancement of litigation and other expenses to Mr. Altman to the fullest extent permitted by law for claims relating to his service to the Company or its subsidiaries. The Company filed its form of indemnification agreement 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.

Owl Creek and Mr. Altman requested the Company's Board to consider Mr. Altman's appointment to the Board and the Strategy committee. No formal agreements between the Company and Owl Creek or Mr. Altman require the Board to appoint Mr. Altman to the Board or to nominate Mr. Altman for service on the Board at future annual stockholder meetings. The Board expects to nominate Mr. Altman for service as a director at the Company's 2023 annual meeting of stockholders to serve until the Company's 2024 annual meeting of stockholders.

In connection with Mr. Altman's appointment to the Board, the Company entered into standard confidentiality agreements with each of Mr. Altman and Owl Creek, which impose non-disclosure and limited use restrictions on the Company's confidential information.

Under the terms of his confidentiality agreement, Mr. Altman has agreed to waive his right to the annual cash retainer and annual equity award that are otherwise payable to the Company's non-employee directors under the Company's non-employee director compensation program. Mr. Altman will be eligible to receive reimbursement for certain expenses that he incurs as a member of the Board in accordance with the Company's reimbursement policy.

There are no family relationships between Mr. Altman and any of the Company's directors or executive officers. Additionally, Mr. Altman 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.

The Company has issued a press release announcing the appointment of Mr. Altman. 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.

**Item 9.01 Financial Statements and Exhibits.** 

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Press Release dated](anterixpressrelease-jeffal.htm)[February 1](anterixpressrelease-jeffal.htm)[4](anterixpressrelease-jeffal.htm)[, 2023](anterixpressrelease-jeffal.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

---

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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.

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| | |
|:---|:---|
| | **Anterix Inc.** |
| Date: February 14, 2023 | <u>/s/ Gena L. Ashe</u> |
| | Gena L. Ashe |
| | Chief Legal Officer and Corporate Secretary |

---

## Exhibit 99.1

![capturea.jpg](capturea.jpg)

**Owl Creek Founder Jeff Altman Joins Anterix Board of Directors** 

***Owl Creek is Anterix's largest shareholder and Altman will bring a wealth of financial acumen to the Anterix Board of Directors*** 

WOODLAND PARK, NJ, February 14, 2023 — Anterix Inc., (NASDAQ: ATEX), today announced the appointment of Mr. Jeffery Altman, Founding Partner and Chief Portfolio Manager at Owl Creek Asset Management L.P. ("Owl Creek"), to its Board of Directors ("the Board") as an independent director and member of the Strategy Committee, effective February 13, 2023.

Mr. Altman, who leads Owl Creek's investment group and directs all research and trading activities, brings extensive experience driving shareholder value to the Anterix Board. Investment funds managed by Owl Creek are collectively Anterix's largest shareholder and investors in the company since 2014. Prior to founding Owl Creek, Altman served in various positions at Franklin Mutual and at Heine Securities Corporation, including vice president, portfolio manager, analyst, and trader.

"Owl Creek has been a strong supporter of Anterix's mission since the beginning of our journey, and Jeff has been an extremely valuable resource for me over the years," said Rob Schwartz, President & CEO of Anterix. "We welcome Jeff to the Board, and I am excited to bring his considerable experience and input to our Board in this important year ahead."

"We believe in the team at Anterix, and their pioneering vision, and we would like to help ensure that everything possible is being done to advance customer contract signings expeditiously," said Altman. "Despite the disappointing share price performance due, in part, to the slow pace of the customer contract process, we believe in the business plan and in the pipeline opportunity, which we expect will be in excess of $3 billion and allow significant return of value to shareholders. We will focus first and foremost on the best ways to efficiently maximize shareholder value, including share buybacks and/or special dividends. Going forward we will also continue to actively assess both the business plan and Anterix's pipeline opportunities to ensure that we are on the right path."

Altman continued "I echo Rob's belief that it's just a matter of when, not if, utilities and potentially others sign long-term contracts for Anterix's valuable spectrum. I intend to work with the Board to ensure management actively evaluates potentially accretive opportunities including strategic initiatives, and merger and/or acquisition opportunities, and engages in other key initiatives concerning Anterix's business plans, board composition, governance, management, and capitalization."

**About Anterix**

At Anterix, we are focused on delivering transformative private broadband that enables the modernization of critical infrastructure for the energy, transportation, logistics and other sectors of our economy. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we are uniquely positioned to enable the private LTE solutions that support secure, resilient and customer-controlled operations. For more information, visit: www.anterix.com.

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**Forward Looking Statements**

Certain statements contained in this press release, other than historical information, constitute forward-looking statements within the meaning of the Federal securities laws. Any such forward-looking statements are based on our management's current expectations and are subject to a number of risks and uncertainties that could cause our actual future results to differ materially from our management's current expectations or those implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) we may not be successful in commercializing our spectrum assets to our targeted utility and critical infrastructure customers on a timely basis and on favorable terms; (ii) we may be unable to secure broadband licenses from the FCC on a timely and cost-effective basis; (iii) we have a limited operating history with our current business plan, which makes it difficult to evaluate our prospects and future financial results and our business activities, strategic approaches and plans may not be successful; and (iv) the value of our spectrum assets may fluctuate significantly based on supply and demand, as well as technical and regulatory changes. These and other risk factors that may affect our future results of operations are identified and described in more detail in our most recent filings on Forms 10-K and 10-Q and in other filings that we make with the SEC from time to time. These documents are available on our website at www.anterix.com under the Investor Relations section and on the SEC's website at www.sec.gov. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Except as required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

**Contacts**

Natasha Vecchiarelli <br>Vice President, Investor Relations & Corporate Communications <br>973-531-4397 <br>nvecchiarelli@anterix.com

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