Business Context and Reporting Period
This Form 8-K Current Report was filed by Anterix Inc. on September 18, 2025. The filing discloses a significant change in executive leadership, specifically the resignation of the Chief Financial Officer and the appointment of a successor.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
- Resignation: Timothy A. Gray resigned as Chief Financial Officer, effective September 19, 2025.
- Appointment: Elena Marquez, previously Vice President of Finance and Controller, was appointed Chief Financial Officer, effective September 22, 2025.
- Designation: Ms. Marquez is designated as the Company's principal financial officer and principal accounting officer.
Compensation and Management Commentary
In connection with her promotion, Ms. Marquez will receive the following additional compensation and benefits effective September 22, 2025:
- Restricted stock units (RSUs) with an aggregate grant date fair value of $250,000 under the 2023 Stock Plan, vesting in three equal annual installments over three years.
- Eligibility to participate in the Company's Executive Severance Plan.
- Execution of the Company's standard indemnification agreement for directors and executive officers.
The Board confirmed there are no family relationships between Ms. Marquez and other directors or officers, and no undisclosed arrangements regarding her appointment.
Investor Verification Checklist
- Verify the effective dates of the CFO transition (resignation on Sept 19, 2025; appointment on Sept 22, 2025).
- Review the terms of the $250,000 RSU grant and the vesting schedule.
- Confirm Ms. Marquez's background as a CPA and her tenure with the company since September 2021.
- Check for any subsequent filings regarding the interim period between the resignation and appointment.