On June 25, 2020, Anterix Inc. (the “Company”) announced the executive leadership succession plan. As part of the Succession Plan, the Company’s Board of Directors (the “Board”) accepted the resignation of Brian D. McAuley as Executive Chairman of the Board, to be effective July 1, 2020 (the “Effective Date”). Mr. McAuley will continue to serve on the Board through the date of the Company’s 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”). Additionally, as of July 1, 2020, Mr. McAuley will assume the title of Chairman Emeritus, a position he will hold through the 2020 Annual Meeting. Additionally, as part of the Succession Plan, the Board appointed Morgan E. O’Brien as the Executive Chairman of the Board. Further, as part of the Succession Plan, the Board appointed Robert Schwartz, the Company’s President, to the positions of President and Chief Executive Officer, effective as of the Effective Date. Mr. Schwartz will also serve as the Company’s principal executive officer effective as of the Effective Date. The Board has agreed to nominate Mr. Schwartz for election to the Board at the 2020 Annual Meeting.