Anterix (ATEX) Proxy Filing summary

Executive summary

• Achieved significant milestones in utility broadband, including major spectrum sale and lease agreements totaling over $160 million in Fiscal 2024 and early Fiscal 2025, and expanded customer base and ecosystem partnerships.

• Led industry efforts to petition the FCC for expanded 900 MHz broadband spectrum, aiming to increase capacity for utility customers, with a multi-year regulatory outlook.

• Returned $24.7 million to stockholders via share repurchases and announced a three-year, $250 million buyback plan; ended Fiscal 2024 with over $60 million in cash and no debt.

• Enhanced 900 MHz spectrum through 3GPP initiatives, securing new LTE and 5G bands, and participated in DOE-funded cybersecurity projects.

Voting matters and shareholder proposals

• Stockholders will vote on: election of nine directors, advisory approval of executive compensation, amendment to the 2023 Stock Plan (adding 1.1 million shares and clarifying vesting), and ratification of Grant Thornton LLP as auditor for Fiscal 2025.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board comprises nine nominees, seven of whom are independent, with diverse backgrounds in finance, utilities, technology, and governance.

• Recent board refreshment added three new nominees; board diversity includes gender and racial representation.

• Strong governance practices: annual director elections, majority voting with resignation policy, separate Chair and CEO, stock ownership requirements, and annual board self-evaluation.

• Four board committees: Audit, Compensation, Nominating and Corporate Governance, and Corporate Development, all with independent directors.