WOODLAND PARK, NJ – Anterix Inc. (NASDAQ:ATEX), a company specializing in telephone communications, announced the results of its Annual Meeting held on Monday. Stockholders approved a significant amendment to the company's stock plan and voted on several key issues, including the election of directors and executive compensation.
The amendment to the Anterix Inc. 2023 Stock Plan, which was previously adopted by the Board of Directors on June 21, 2024, received stockholder approval. This amendment increases the number of shares available for issuance by 1.1 million and includes a technical revision to clarify vesting restrictions.
During the Annual Meeting, which saw a 78.95% quorum, stockholders also elected nine directors to serve until the 2025 Annual Meeting. Each director received more affirmative votes than negative, ensuring their positions on the board.
In an advisory capacity, stockholders approved the compensation of the company's named executive officers as disclosed in the Proxy Statement. Additionally, the appointment of Grant Thornton LLP as the company's independent registered public accounting firm for the fiscal year ending March 31, 2025, was ratified.
In other recent news, Anterix has disclosed its financial results for the fourth quarter and fiscal year 2024. The company's financial outcomes for the period ending March 31, 2024, were shared in a recent 8-K filing with the Securities and Exchange Commission. This release also included an update on Anterix's Demonstrated Intent key performance indicator, which was also made available on the company's investor relations website.
In addition to its financial results, Anterix has announced the nomination of three new directors for its 2024-2025 term. The nominees, Scott Lang, William Heard, and Mark Fleischhauer, were unanimously selected by the current board and bring a wealth of experience in emerging technologies and value creation. These new nominees will stand for election at Anterix's 2024 Annual Meeting of Stockholders.
These are among the recent developments at Anterix, a company known for its partnerships with leading utilities and technology firms. The company continues to leverage its extensive 900 MHz spectrum holdings to deliver modernized grid solutions. These recent developments highlight Anterix's ongoing commitment to transparency and operational efficiency.
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