SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
the Securities Exchange Act of 1934 (Amendment No. )
![[MISSING IMAGE: lg_atninternational-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0000879585/000110465925042478/lg_atninternational-4clr.jpg)
500 Cummings Center, Suite 2450
Beverly, MA 01915
Secretary
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500 Cummings Center, Suite 2450
Beverly, MA 01915
FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JUNE 17, 2025
BY INTERNET: www.proxyvote.com
BY TELEPHONE: 1-800-579-1639
BY E-MAIL: [email protected]
Attn: Investor Relations
500 Cummings Center
Suite 2450
Beverly, MA 01915
BY TELEPHONE: (978) 619-1300
BY E-MAIL: [email protected]
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Shares Beneficially Owned
|
| |||||||||
Beneficial Owners
|
| |
Number
|
| |
Percent of
Class |
| ||||||
Directors, Director Nominees, Named Executive Officers: | | | | | | | | | | | | | |
Michael T. Prior(1)
|
| | | | 662,444 | | | | | | 4.3% | | |
Bernard J. Bulkin
|
| | | | 23,797 | | | | | | * | | |
Richard J. Ganong
|
| | | | 23,787 | | | | | | * | | |
April V. Henry
|
| | | | 12,918 | | | | | | * | | |
Derek G. Hudson
|
| | | | 6,327 | | | | | | * | | |
Patricia A. Jacobs
|
| | | | 9,038 | | | | | | * | | |
Pamela F. Lenehan(2)
|
| | | | 26,166 | | | | | | * | | |
Carlos Doglioli
|
| | | | 2,012 | | | | | | * | | |
Justin M. Leon
|
| | | | 13,186 | | | | | | * | | |
Mary M. Mabey(3)
|
| | | | 23,163 | | | | | | * | | |
Brad W. Martin
|
| | | | 37,886 | | | | | | * | | |
All Current Directors, Director Nominees and Executive Officers as a group (11 persons)(4)
|
| | | | 840,724 | | | | | | 5.4% | | |
5% Stockholders: | | | | | | | | | | | | | |
Cornelius B. Prior, Jr.(5)
|
| | | | 4,551,154 | | | | | | 29.4% | | |
BlackRock, Inc.(6)
|
| | | | 1,034,518 | | | | | | 6.8% | | |
Dimensional Fund Advisors LP(7)
|
| | | | 847,048 | | | | | | 5.6% | | |
Global Alpha Capital Management Ltd.(8)
|
| | | | 1,533,279 | | | | | | 10.1% | | |
April V. Henry
Derek G. Hudson
Patricia A. Jacobs
Pamela F. Lenehan
Brad W. Martin
Michael T. Prior
![[MISSING IMAGE: pc_tenure-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0000879585/000110465925042478/pc_tenure-4clr.jpg)
Director Since: 2016
Director Since: 2022
Director Since: 2023
Director Since: 2023
Director Since: 2020
Director Since: 2024
Director Since: 2008
| | Senior leadership experience. Directors who have held significant corporate leadership positions bring valuable knowledge of organization, controls, strategy and risk management, and can provide insight as to how to drive change and growth. Our skills matrix also tracks past and current director roles on other corporate boards and committees, ensuring we have the right mix of experience to advise and oversee the Company’s executive management. | | | | Finance experience. We believe that, as a public company, our directors should possess a solid understanding of our financial reporting processes, risk management practices, and the metrics used to evaluate our operational and financial objectives. Our current slate of director nominees includes several directors who qualify as an “audit committee financial expert” as defined in applicable SEC rules, and we expect all of our directors to be financially knowledgeable. | | |
| | Industry experience. We endeavor to have some directors with experience as executives, directors or in other leadership positions in the industries in which we operate and target for growth. For example, we specifically seek directors with experience in the telecommunications industry. | | | | Board Tenure. We endeavor to vary the tenure of the directors on our Board, which we believe allows us to preserve continuity of oversight while introducing new insights to our group. To accomplish this, our Board engages in succession planning with respect to its current slate of directors and seeks to maintain a roster of prospective Board nominees in the near- and mid-term. Our Directors currently have an average tenure of 5.8 years. | | |
| | Global business / International Affairs. Due to the global nature of our business, we seek directors who have leadership or oversight experience with other companies with a global presence. We believe that an understanding of the differences in global culture and perspective strengthen our Board’s ability to understand our business and advise management accordingly. | | | | Governmental and Regulatory Affairs. The telecommunications industry is highly regulated in each of the jurisdictions in which we operate, and we seek directors who are familiar with working through a legal or regulated environment or who can advise management on navigating through key governmental relationships in operating the business. | | |
![[MISSING IMAGE: tb_boardmatrix-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0000879585/000110465925042478/tb_boardmatrix-4c.jpg)
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Audit Committee
|
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Compensation Committee
|
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Nominating and Corporate
Governance Committee |
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Investment Committee
|
|
|
Pamela F. Lenehan, Chair
|
| |
Richard J. Ganong, Chair
|
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Patricia A. Jacobs, Chair
|
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April V. Henry, Chair
|
|
|
Dr. Bernard J. Bulkin
|
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April V. Henry
|
| |
Pamela F. Lenehan
|
| |
Richard J. Ganong
|
|
|
Derek G. Hudson
|
| |
Patricia A. Jacobs
|
| |
Dr. Bernard J. Bulkin
|
| |
Michael T. Prior
|
|
| | | | | | | | | |
Derek G. Hudson
|
|
| | |
2024
|
| |
2023
|
| ||||||
Audit Fees(1)
|
| | | $ | 5,025 | | | | | $ | 4,698 | | |
Audit-Related Fees(2)
|
| | | | 50 | | | | | | 130 | | |
Tax Fees(3)
|
| | | | — | | | | | | — | | |
All Other Fees(4)
|
| | | | 20 | | | | | | 92 | | |
Total Fees
|
| | | $ | 5,095 | | | | | $ | 4,920 | | |
Dr. Bernard J. Bulkin
Derek G. Hudson
Name
|
| |
Age
|
| |
Position
|
|
Michael T. Prior | | | 60 | | | Executive Chairman | |
Brad W. Martin | | | 49 | | | Chief Executive Officer and Director | |
Carlos R. Doglioli | | | 55 | | | Chief Financial Officer | |
Mary M. Mabey | | | 43 | | | Senior Vice President, General Counsel and Secretary | |
Justin M. Leon | | | 39 | | | Senior Vice President, Corporate Development | |
| 8x8 | | | Consolidated Communications | | | NETGEAR | |
| Bandwidth Inc. | | | Edgio | | | Ooma | |
| Brightcove | | | Gogo | | | Ribbon Communications | |
| Cable One | | | IDT | | |
Shenandoah Telecommunications
|
|
| Cogent Communications | | | KORE Group | | | ViaSat | |
| Consensus Cloud Solutions | | | Liberty Latin America | | | Wide Open West | |
|
•
Compensation based on “pay for performance”
|
| |
•
No special health or welfare plans
|
|
|
•
Long-Term equity incentives vesting over multi-year periods
|
| |
•
No single-trigger acceleration of compensation in a change of control
|
|
|
•
Stock Ownership Guidelines for NEOs and Directors
|
| |
•
No guaranteed incentive compensation
|
|
|
•
Clawback policy in place
|
| |
•
Hedging of Company shares and options trading prohibited
|
|
|
•
Equity incentives aligned to stockholder return
|
| |
•
No liberal recycling of vested Company shares repurchased from plan participants for payment of taxes
|
|
Named Executive Officer
|
| |
2025(1)
|
| |
Annualized
Percent Change from 2024 – 2025 |
| |
2024(1)
|
| |
Annualized
Percent Change from 2023 – 2024 |
| |
2023(1)
|
| |||||||||||||||
Brad W. Martin(2)
|
| | | $ | 525,000 | | | | | | N/A | | | | | $ | 525,000 | | | | | | 36.5% | | | | | $ | 384,578 | | |
Carlos Doglioli(3)
|
| | | $ | 400,000 | | | | | | N/A | | | | | $ | 400,000 | | | | | | N/A | | | | | | N/A | | |
Michael T. Prior(4)
|
| | | $ | 525,000 | | | | | | N/A | | | | | $ | 525,000 | | | | | | (24.3)% | | | | | $ | 693,232 | | |
Mary M. Mabey
|
| | | $ | 344,000 | | | | | | N/A | | | | | $ | 344,000 | | | | | | 3.1% | | | | | $ | 333,655 | | |
Justin M. Leon
|
| | | $ | 264,710 | | | | | | N/A | | | | | $ | 264,710 | | | | | | 3.1% | | | | | $ | 256,731 | | |
Named Executive Officer
|
| |
2025 Annual Bonus
Opportunity Expressed as % of Base Salary |
| |
2024 Annual Bonus
Opportunity Expressed as % of Base Salary |
| ||||||
Brad W. Martin
|
| | | | 100% | | | | | | 100% | | |
Carlos Doglioli
|
| | | | 75% | | | | | | 75% | | |
Michael T. Prior(1)
|
| | | | — | | | | | | — | | |
Mary M. Mabey
|
| | | | 60% | | | | | | 60% | | |
Justin M. Leon
|
| | | | 50% | | | | | | 50% | | |
Performance Factor
|
| |
Range
|
| |
Description
|
|
Company Performance | | | 60-100% | | | Accomplishment of Company-wide goals for the year. These included financial performance such as revenue, and Adjusted EBITDA, key performance indicators like subscriber levels and specific Company objectives for a given year. | |
Specific Individual Accomplishments
|
| | 10-30% | | | Individual accomplishments related to personal goals and key strategic and operational priorities, such as implementing productivity improvements in a particular department, completing major network projects, strengthening operational teams, mitigating certain risks, and winning government support for major priorities. | |
General Individual Performance | | | 10-15% | | | General assessment of the individual’s work performance throughout the year, including leadership, talent development and contribution to Company culture | |
| | |
Year
|
| |
RSU
Awards (#) |
| |
Grant Date
Value of RSU Awards ($) |
| |
PSU
Awards (at target) (#) |
| |
Grant Date
Value of PSU Awards (at target) ($) |
| ||||||||||||
Brad W. Martin
|
| |
2025
|
| | | | 42,472 | | | | | $ | 898,283 | | | | | | 42,472 | | | | | $ | 1,032,494 | | |
|
2024
|
| | | | 21,720 | | | | | $ | 706,986 | | | | | | 21,720 | | | | | $ | 754,336 | | | ||
Carlos Doglioli
|
| |
2025
|
| | | | 24,068 | | | | | $ | 509,038 | | | | | | 24,068 | | | | | $ | 585,093 | | |
|
2024
|
| | | | 12,312 | | | | | $ | 400,756 | | | | | | 12,312 | | | | | $ | 427,596 | | | ||
Michael T. Prior
|
| |
2025
|
| | | | 42,472 | | | | | $ | 898,283 | | | | | | 42,472 | | | | | $ | 1,032,494 | | |
|
2024
|
| | | | 21,720 | | | | | $ | 706,986 | | | | | | 21,720 | | | | | $ | 754,336 | | | ||
Mary M. Mabey
|
| |
2025
|
| | | | 19,820 | | | | | $ | 419,193 | | | | | | 19,820 | | | | | $ | 481,824 | | |
|
2024
|
| | | | 10,140 | | | | | $ | 330,057 | | | | | | 10,140 | | | | | $ | 352,162 | | | ||
Justin M. Leon
|
| |
2025
|
| | | | 16,988 | | | | | $ | 359,296 | | | | | | 16,988 | | | | | $ | 412,978 | | |
|
2024
|
| | | | 8,692 | | | | | $ | 282,925 | | | | | | 8,692 | | | | | $ | 300,135 | | |
Position
|
| |
Individual Guideline Level
|
|
Chief Executive Officer | | | 5x annual base salary | |
All other Executive Officers | | | 2x annual base salary | |
Non-Executive Directors | | | 2x annual retainer | |
April V. Henry
Patricia A. Jacobs
Name and Principal Position
|
| |
Year
|
| |
Salary
($)(1) |
| |
Stock
Awards ($)(2) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
All Other
Compensation ($)(3) |
| |
Total
($) |
| ||||||||||||||||||
Brad W. Martin
Chief Executive Officer and President |
| | | | 2024 | | | | | | 519,615 | | | | | | 1,461,322 | | | | | | 210,000 | | | | | | 13,800 | | | | | | 2,204,737 | | |
| | | 2023 | | | | | | 384,578 | | | | | | 935,440 | | | | | | 288,750 | | | | | | 13,200 | | | | | | 1,621,968 | | | ||
| | | 2022 | | | | | | 374,000 | | | | | | 923,945 | | | | | | 267,000 | | | | | | 12,200 | | | | | | 1,577,145 | | | ||
Carlos Doglioli(4)
Chief Financial Officer |
| | | | 2024 | | | | | | 376,923 | | | | | | 828,351 | | | | | | 210,000 | | | | | | 8,769 | | | | | | 1,424,044 | | |
Michael T. Prior(5)
Executive Chairman |
| | | | 2024 | | | | | | 531,500 | | | | | | 1,461,322 | | | | | | — | | | | | | 56,320 | | | | | | 2,049,142 | | |
| | | 2023 | | | | | | 693,232 | | | | | | 2,126,000 | | | | | | 694,000 | | | | | | 68,659 | | | | | | 3,581,890 | | | ||
| | | 2022 | | | | | | 674,000 | | | | | | 1,852,208 | | | | | | 640,000 | | | | | | 65,520 | | | | | | 3,231,728 | | | ||
Mary M. Mabey
Senior Vice President, General Counsel and Corporate Secretary |
| | | | 2024 | | | | | | 344,021 | | | | | | 682,219 | | | | | | 103,206 | | | | | | 12,710 | | | | | | 1,142,156 | | |
| | | 2023 | | | | | | 333,655 | | | | | | 561,264 | | | | | | 172,545 | | | | | | 12,565 | | | | | | 1,080,029 | | | ||
| | | 2022 | | | | | | 325,000 | | | | | | 682,165 | | | | | | 150,000 | | | | | | 12,200 | | | | | | 1,169,365 | | | ||
Justin M. Leon
Senior Vice President, Corporate Development |
| | | | 2024 | | | | | | 264,710 | | | | | | 583,059 | | | | | | 66,178 | | | | | | 10,589 | | | | | | 924,537 | | |
| | | 2023 | | | | | | 256,731 | | | | | | 467,720 | | | | | | 126,701 | | | | | | 10,099 | | | | | | 861,251 | | | ||
| | | 2022 | | | | | | 250,000 | | | | | | 492,195 | | | | | | 125,000 | | | | | | 9,700 | | | | | | 876,895 | | |
| | |
401(K)
Matching Contributions ($) |
| |
Contributions to
Non-Qualified Deferred Compensation Plan ($) |
| |
Total
($) |
| |||||||||
Brad W. Martin
|
| | | | 13,800 | | | | | | — | | | | | | 13,800 | | |
Carlos Doglioli
|
| | | | 8,769 | | | | | | — | | | | | | 8,769 | | |
Michael T. Prior
|
| | | | 13,800 | | | | | | 42,520 | | | | | | 56,320 | | |
Mary M. Mabey
|
| | | | 12,710 | | | | | | — | | | | | | 12,710 | | |
Justin M. Leon
|
| | | | 10,589 | | | | | | — | | | | | | 10,589 | | |
| | | | | | | | | | | |
Estimated Future
Payouts Under Non-Equity Incentive Plan Awards |
| |
All Other
Stock Awards: Number of Shares of Stock (#) |
| |
Grant Date
Fair Value of Stock ($)(4) |
| |||||||||||||||||||||
Name
|
| |
Type of Award
|
| |
Grant
Date |
| |
Threshold
($)(1) |
| |
Target
($) |
| |
Maximum
($)(1) |
| ||||||||||||||||||||||||
Brad W. Martin
|
| |
Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 525,000 | | | | | | — | | | | | | — | | | | | | — | | |
| Restricted Stock Units(2) | | | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,720 | | | | | | 706,986 | | | ||
|
Performance Stock Units(3)
|
| | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,720 | | | | | | 754,336 | | | ||
Carlos Doglioli
|
| |
Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 300,000 | | | | | | — | | | | | | — | | | | | | — | | |
| Restricted Stock Units(2) | | | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,312 | | | | | | 400,756 | | | ||
|
Performance Stock Units(3)
|
| | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,312 | | | | | | 427,596 | | | ||
Michael T. Prior
|
| |
Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| Restricted Stock Units(2) | | | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,720 | | | | | | 706,986 | | | ||
|
Performance Stock Units(3)
|
| | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,720 | | | | | | 754,336 | | | ||
Mary M.Mabey
|
| |
Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 206,400 | | | | | | — | | | | | | — | | | | | | — | | |
| Restricted Stock Units(2) | | | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,140 | | | | | | 330,057 | | | ||
|
Performance Stock Units(3)
|
| | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,140 | | | | | | 352,162 | | | ||
Justin M.Leon
|
| |
Annual Cash Bonus
|
| | | | — | | | | | | — | | | | | | 132,355 | | | | | | — | | | | | | — | | | | | | — | | |
| Restricted Stock Units(2) | | | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,692 | | | | | | 282,925 | | | ||
|
Performance Stock Units(3)
|
| | | | 3/12/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | 8,692 | | | | | | 300,135 | | |
| | | | | |
Stock Awards
|
| |||||||||
Name
|
| |
Grant Date
|
| |
Number of Shares
of Stock That Have Not Vested (#) |
| |
Market Value of
Shares of Stock That Have Not Vested ($) |
| ||||||
Brad W. Martin
|
| |
3/12/2024
|
| | | | 21,720(1) | | | | | | 365,113 | | |
| 3/12/2024 | | | | | 21,720(2) | | | | | | 243,264 | | | ||
| 3/7/2023 | | | | | 8,250(1) | | | | | | 138,683 | | | ||
| 3/7/2023 | | | | | 11,000(2) | | | | | | 92,840 | | | ||
| 3/25/2022 | | | | | 5,350(1) | | | | | | 89,934 | | | ||
| 3/25/2022 | | | | | 10,700(2) | | | | | | 105,288 | | | ||
| 3/9/2021 | | | | | 1,875(1) | | | | | | 31,519 | | | ||
Carlos Doglioli
|
| |
3/12/2024
|
| | | | 12,312(1) | | | | | | 206,965 | | |
| 3/12/2024 | | | | | 12,312(2) | | | | | | 137,894 | | | ||
Michael T. Prior
|
| |
3/12/2024
|
| | | | 21,720(1) | | | | | | 365,113 | | |
| 3/12/2024 | | | | | 21,720(2) | | | | | | 243,264 | | | ||
| 3/7/2023 | | | | | 18,750(1) | | | | | | 315,188 | | | ||
| 3/7/2023 | | | | | 25,000(2) | | | | | | 211,000 | | | ||
| 3/25/2022 | | | | | 10,725(1) | | | | | | 180,287 | | | ||
| 3/25/2022 | | | | | 21,450(2) | | | | | | 211,068 | | | ||
| 3/9/2021 | | | | | 4,837(1) | | | | | | 81,310 | | | ||
Mary M. Mabey
|
| |
3/12/2024
|
| | | | 10,140(1) | | | | | | 170,453 | | |
| 3/12/2024 | | | | | 10,140(2) | | | | | | 113,568 | | | ||
| 3/7/2023 | | | | | 4,950(1) | | | | | | 83,210 | | | ||
| 3/7/2023 | | | | | 6,600(2) | | | | | | 55,704 | | | ||
| 3/25/2022 | | | | | 3,950(1) | | | | | | 66,400 | | | ||
| 3/25/2022 | | | | | 7,900(2) | | | | | | 77,736 | | | ||
| 3/9/2021 | | | | | 1,200(1) | | | | | | 20,172 | | | ||
Justin M. Leon
|
| |
3/12/2024
|
| | | | 8,692(1) | | | | | | 146,113 | | |
| 3/12/2024 | | | | | 8,692(2) | | | | | | 97,350 | | | ||
| 3/7/2023 | | | | | 4,125(1) | | | | | | 69,341 | | | ||
| 3/7/2023 | | | | | 5,500(2) | | | | | | 46,420 | | | ||
| 3/25/2022 | | | | | 2,850(1) | | | | | | 47,909 | | | ||
| 3/25/2022 | | | | | 5,700(2) | | | | | | 56,088 | | | ||
| 3/9/2021 | | | | | 812(1) | | | | | | 13,650 | | |
| | |
Restricted Stock Awards
|
| |
Performance Stock Awards
|
| |
Total Stock Awards
|
| |||||||||||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(1) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(1) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($)(1) |
| ||||||||||||||||||
Brad W. Martin
|
| | | | 9,215 | | | | | | 294,525 | | | | | | 6,450 | | | | | | 213,237 | | | | | | 15,665 | | | | | | 507,762 | | |
Carlos Doglioli
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael T. Prior
|
| | | | 23,262 | | | | | | 747,908 | | | | | | 16,641 | | | | | | 550,151 | | | | | | 39,903 | | | | | | 1,298,059 | | |
Mary M. Mabey
|
| | | | 6,425 | | | | | | 205,251 | | | | | | 4,128 | | | | | | 136,472 | | | | | | 10,553 | | | | | | 341,723 | | |
Justin M. Leon
|
| | | | 4,163 | | | | | | 132,347 | | | | | | 2,795 | | | | | | 92,403 | | | | | | 6,958 | | | | | | 224,750 | | |
| | |
(a)
|
| |
(b)
|
| |
(c)
|
| |||||||||
| | |
Number of Securities
to be Issued Upon Exercise of Outstanding Warrants, Options and Rights |
| |
Weighted Average
Exercise Price of Outstanding Warrants, Options and Rights ($) |
| |
Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans (excluding securities reflected in column(a)) |
| |||||||||
Equity compensation plans approved by security holders:
|
| | | | 476,934(1) | | | | | | —(2) | | | | | | 1,152,949 | | |
Equity compensation plans not approved by security holders:
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | — | | | | | | — | | | | | | 1,152,949 | | |
Name
|
| |
Executive
Contributions in Last Fiscal Year ($) |
| |
Registrant
Contributions in Last Fiscal Year ($)(1) |
| |
Aggregate
Earnings in Last Fiscal Year ($) |
| |
Aggregate
Withdrawals/ Distributions ($) |
| |
Aggregate
Balance at Last Fiscal Year End ($) |
| |||||||||||||||
Brad W. Martin(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Carlos Doglioli(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Michael T. Prior
|
| | | | — | | | | | | 42,520 | | | | | | 148,540 | | | | | | — | | | | | | 1,502,523 | | |
Mary M. Mabey(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Justin M. Leon(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Named Executive
Officer |
| |
Event
|
| |
Salary &
Other Cash Payment |
| |
COBRA
Benefits |
| |
Acceleration of
Vesting of Certain Equity |
| |
Vesting of
Restricted Stock Unit Awards(2) |
| |
Vesting of
Performance Stock Unit Awards(3) |
| |
Total
|
| ||||||||||||||||||
Brad W. Martin
|
| |
Termination Without Cause or for Good Reason
|
| | | | 787,500 | | | | | | 55,378 | | | | | | N/A | | | | | | — | | | | | | — | | | | | | 842,878 | | |
|
Change of Control Termination
|
| | | | 1,575,000 | | | | | | 55,378 | | | | | | 100% | | | | | | 625,248 | | | | | | 441,392 | | | | | | 2,697,018 | | | ||
Carlos Doglioli
|
| |
Termination Without Cause or for Good Reason
|
| | | | 400,000 | | | | | | 36,588 | | | | | | N/A | | | | | | — | | | | | | — | | | | | | 436,588 | | |
| Change of Control Termination | | | | | 700,000 | | | | | | 36,588 | | | | | | 100% | | | | | | 206,965 | | | | | | 137,894 | | | | | | 1,081,447 | | | ||
Michael T. Prior
|
| |
Termination Without Cause or for Good Reason
|
| | | | 2,290,023(1) | | | | | | 39,841 | | | | | | N/A | | | | | | — | | | | | | — | | | | | | 2,329,864 | | |
|
Change of Control Termination
|
| | | | 2,290,023(1) | | | | | | 39,841 | | | | | | 100% | | | | | | 941,898 | | | | | | 655,332 | | | | | | 3,937,094 | | | ||
Mary M. Mabey
|
| |
Termination Without Cause or for Good Reason
|
| | | | 344,000 | | | | | | 36,298 | | | | | | N/A | | | | | | — | | | | | | — | | | | | | 380,298 | | |
| Change of Control Termination | | | | | 550,400 | | | | | | 36,298 | | | | | | 100% | | | | | | 340,234 | | | | | | 247,088 | | | | | | 1,173,940 | | | ||
Justin M. Leon
|
| |
Termination Without Cause or for Good Reason
|
| | | | 264,710 | | | | | | 36,588 | | | | | | N/A | | | | | | — | | | | | | — | | | | | | 301,298 | | |
|
Change of Control Termination
|
| | | | 397,066 | | | | | | 36,588 | | | | | | 100% | | | | | | 277,012 | | | | | | 199,858 | | | | | | 910,524 | | |
Country
|
| |
GDP per capita
|
| |||
Bermuda
|
| | | $ | 98,000 | | |
Cayman Islands
|
| | | $ | 78,100 | | |
Guyana
|
| | | $ | 49,300 | | |
U.S. Virgin Islands
|
| | | $ | 46,500 | | |
United States
|
| | | $ | 74,600 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | |||||||||
Year(a) | | | Summary Compensation Table Total for CEO(b) | | | Compensation Actually Paid to CEO(c) | | | Average Summary Compensation Table Total for Non-CEO NEOs(d) | | | Average Compensation Actually Paid to Non-CEO NEOs(c)(e) | | | Total Shareholder Return ($) | | | Peer Group Total Shareholder Return ($) | | | Net Income (Loss) (in $000’s) | | | Company- Selected Measure: EBITDA (in $000’s) | | ||||||||||||||||||||||||
2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | | |||||||
2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ( | | | | | | | |
Year | | | Executive | | | Summary Compensation Table Total | | | Less: Stock Awards | | | Add: Year End Equity Value of awards granted during the reported year | | | Change (from last day of prior year to last day of reported year) in Value of Prior Equity Awards | | | Change (from last day of prior year to last day of reported year) in Value of Vested Equity Awards | | | Compensation Actually Paid | | ||||||||||||||||||
2024 | | | CEO | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | | |||
| Other NEOs(1) | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | | |||||
2023 | | | CEO | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | | |||
| Other NEOs(1) | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | | |||||
2022 | | | CEO | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | | |||
| Other NEOs(1) | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | | |||||
2021 | | | CEO | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | | | | | | | | ||||
| Other NEOs(1) | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | | | | | | | | ||||||
2020 | | | CEO | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | | |||
| Other NEOs(1) | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | ( | | | | | | | |
![[MISSING IMAGE: bc_ebitda-4clr.jpg]](https://www.sec.gov/Archives/edgar/data/0000879585/000110465925042478/bc_ebitda-4clr.jpg)
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock Awards
($)(1) |
| |
Total
($) |
| |||||||||
Bernard J. Bulkin
|
| | | | 129,000(2) | | | | | | 119,781 | | | | | | 248,781 | | |
Derek G. Hudson
|
| | | | 70,000 | | | | | | 119,781 | | | | | | 189,781 | | |
Richard J. Ganong
|
| | | | 85,000 | | | | | | 119,781 | | | | | | 204,781 | | |
April V. Henry
|
| | | | 72,500 | | | | | | 119,781 | | | | | | 192,281 | | |
Pamela F. Lenehan
|
| | | | 92,000 | | | | | | 119,781 | | | | | | 211,781 | | |
Patricia A. Jacobs
|
| | | | 67,500 | | | | | | 119,781 | | | | | | 187,281 | | |
| | |
Fees Earned or Paid in Cash
|
| |||||||||
Committee
|
| |
Chair
|
| |
Members
|
| ||||||
Audit
|
| | | $ | 23,000 | | | | | $ | 10,000 | | |
Compensation
|
| | | $ | 15,000 | | | | | $ | 7,500 | | |
Investment
|
| | | $ | 15,000 | | | | | $ | 10,000 | | |
Nominating and Corporate Governance
|
| | | $ | 10,000 | | | | | $ | 4,000 | | |
Secretary
April 30, 2025
![[MISSING IMAGE: px_25atnproxy01pg01-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000879585/000110465925042478/px_25atnproxy01pg01-bw.jpg)
![[MISSING IMAGE: px_25atnproxy01pg02-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0000879585/000110465925042478/px_25atnproxy01pg02-bw.jpg)