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ATEX on Nasdaq

Anterix Inc.

Anterix Inc. is an American telephone communications company based in Woodland Park.2 Its shares trade on Nasdaq under the symbol ATEX.2

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Last updated Oct 21, 2026.

Overview

$6.5MRevenue, fiscal 20263
$90.6MNet income, fiscal 20263

Compare with HIGH WIRE NETWORKS, INC., FULLNET COMMUNICATIONS INC or Nuvera Communications, Inc., or pick any stock.

  • TickerATEX on Nasdaq2
  • IndustryTelephone Communications (No Radiotelephone)2
  • HeadquartersWoodland Park, United States2
  • Incorporated inDE4
  • Business address3 Garret Mountain Plaza, Suite 401, Woodland Park, Nj 074244
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formCorporation2
  • LEI549300QIX2QHFGIEQG402
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 55242162

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Anterix Inc. (“Anterix,” “we,” “our,” or the “Company”) is the nation’s largest holder of licensed 900 MHz spectrum (896-901/935-940 MHz) with coverage spanning the contiguous United States, Hawaii, Alaska, and Puerto Rico. Our mission is to transform critical infrastructure connectivity, commercialize our spectrum assets and deliver advanced intelligent infrastructure solutions, including private broadband networks, tower access, and turnkey connectivity management, to utility and critical infrastructure enterprises seeking to enhance operational efficiency, strengthen grid resilience, and accelerate digital transformation.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

1444.9%Operating margin3
1394.2%Net margin3
7.8%Revenue growth, 20263
34.6%Return on equity3
$5.5MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Research and development5¢$4.7M
  • Income tax5¢$5.1M
  • Profit90¢$90.6M

Out of $6.5M in revenue.3

Where each dollar of operating cash went, fiscal 2026

  • Capital spending1¢$31.0K
  • Share buybacks18¢$990.0K
  • Kept or used elsewhere81¢$4.5M

Out of $5.5M of cash from operations.3

Financial statements

Revenue78910113$6.5M in 2026+0% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $6.5M$6.5M20192020: $1.6M$1.6M2020−76%2021: $921.0K$921.0K2021−41%2022: $1.1M$1.1M2022+18%2023: $1.9M$1.9M2023+77%2024: $4.2M$4.2M2024+118%2025: $6.0M$6.0M2025+44%2026: $6.5M$6.5M2026+8%
Operating income78910113$93.9M in 2026
-$100.0M-$50.0M0$50.0M$100.0M2019: -$42.7M-$42.7M20192020: -$37.5M-$37.5M2020−12%2021: -$54.8M-$54.8M2021+46%2022: -$36.8M-$36.8M2022−33%2023: -$16.5M-$16.5M2023−55%2024: -$10.1M-$10.1M2024−39%2025: -$11.7M-$11.7M2025+16%2026: $93.9M$93.9M2026
Net income78910113$90.6M in 2026
-$100.0M-$50.0M0$50.0M$100.0M2019: -$42.0M-$42.0M20192020: -$37.6M-$37.6M2020−10%2021: -$54.4M-$54.4M2021+45%2022: -$37.5M-$37.5M2022−31%2023: -$16.3M-$16.3M2023−57%2024: -$9.1M-$9.1M2024−44%2025: -$11.4M-$11.4M2025+25%2026: $90.6M$90.6M2026

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2026-03-312025-03-31
Total spectrum revenue$6.5M$6.0M
General and administrative$36.1M$42.7M
Sales and support$6.9M$6.1M
Product development$4.7M$5.7M
Severance and other related charges$4.6M$3.8M
Depreciation and amortization$464.0K$548.0K
Operating expenses$52.7M$58.8M
Gain on exchange of intangible assets, net-$105.4M-$22.8M
Gain on sale of intangible assets, net-$34.8M-$18.3M
Loss from disposal of long-lived assets, net$44.0K$3.0K
Income (loss) from operations$93.9M-$11.7M
Interest income$1.6M$2.2M
Other income$143.0K$75.0K
Income (loss) before income taxes$95.7M-$9.5M
Income tax expense$5.1M$1.9M
Net income (loss)$90.6M-$11.4M
Net income (loss) per common share basic (in dollars per share)$4.85-$0.61
Net income (loss) per common share diluted (in dollars per share)$4.83-$0.61
Weighted-average common shares used to compute basic net income (loss) per share (in shares)18.7M shares18.6M shares
Weighted-average common shares used to compute diluted net income (loss) per share (in shares)18.8M shares18.6M shares

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Corporate structure

Anterix Inc. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Anterix Inc.

  • Anterix Inc. Woodland Park, New Jersey, United States
    • Kleine License Holdings, LLC Subsidiary · Delaware, United States
    • PDV Spectrum Holdings Company, LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Anterix Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$6.9M3 Mar 31, 2026$12.1M3 Mar 31, 2025−42.7%
Accumulated depreciation$6.1M3 Mar 31, 2026$10.8M3 Mar 31, 2025−43.4%
Property and equipment, net$827.0K3 Mar 31, 2026$1.3M3 Mar 31, 2025−36.5%
Operating-lease assets (leased space)$4.1M3 Mar 31, 2026$4.8M3 Mar 31, 2025−15.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$98.5M3 Mar 31, 2026$47.4M3 Mar 31, 2025+108.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Indefinite-lived intangibles (excluding goodwill)$310.7M3 Mar 31, 2026$229.0M3 Mar 31, 2025+35.7%

Properties, in its own words

We maintain offices in Woodland Park, New Jersey, McLean, Virginia and Abilene, Texas. The lease for our office at 3 Garret Mountain Plaza, Suite 401, Woodland Park, New Jersey, was renewed in February 2017 for an additional 10 years, for 19,276 square feet of office space with a termination date of June 2027. We have the right of first offer for adjacent space if it becomes available. In February 2019, we entered into a lease agreement for our second office space located at 8260 Greensboro Drive, Suite 501, McLean, Virginia, which was renewed in November 2024 for an additional 3.5 years, for 8,212 square feet of office space with a termination date of April 2028. In November 2018, we entered into a lease agreement to store equipment located at 5520 North First Street, Abilene, Texas, which was renewed in October 2023 for an additional 5 years with a termination date of January 2029. The leased warehouse includes approximately 26,404 square feet. We believe that our existing facilities are adequate for our current needs.

We do not own any real property.

Item 2 of the 10-K filed Jun 25, 2026.6

Leadership

Who has led Anterix Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Pescatore2015–2018
  2. Morgan E. Obrien2019–2020
  3. Robert Harris Schwartz2020–2024
  4. Scott A. Lang2025–now

Chair

  1. Brian McAuley2015–2020
  2. Morgan E. Obrien2020–2024

President

  1. John Pescatore2015–2018
  2. Robert Harris Schwartz2018–2024
  3. Scott A. Lang2025–now

Chief financial officer

  1. Timothy Gray2015–2025
  2. Elena Marquez2025–now

Chief operating officer

  1. Robert Harris Schwartz2018–2020
  2. Ryan Gerbrandt2020–now
20202025
Board members and other officers (33)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Kleine License Holdings, LLC Delaware5
  • PDV Spectrum Holdings Company, LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • pdvWireless, Inc.Nov 5, 2015 to Aug 6, 20194
  • Pacific DataVision, Inc.Jun 16, 2014 to Nov 4, 20154
  • Pacific Data VisionSep 27, 2004 to Sep 27, 20044

Timeline

  1. Sep 18, 20268-K Other events58
  2. Aug 11, 20268-K Results of operations59
  3. Aug 6, 20268-K Executive or director change; Shareholder vote60
  4. Jun 10, 20268-K Results of operations61
  5. Apr 21, 20268-K Other events62
  6. Apr 21, 20268-K Other events63
  7. Apr 6, 20268-K Other events64
  8. Apr 1, 20268-K Other events65
  9. Feb 11, 20268-K Results of operations; Regulation FD disclosure66
  10. Feb 2, 20268-K Other events67
  11. Jan 7, 20268-K Executive or director change68
  12. Nov 12, 20258-K Results of operations; Regulation FD disclosure69
  13. Jan 22, 2025New chief executive Scott A. Lang becomes CEO17
  14. Aug 20, 2020New chief executive Robert Harris Schwartz becomes CEO18
  15. May 10, 2019New chief executive Morgan E. Obrien becomes CEO19
  16. Jan 30, 2015New chief executive John Pescatore becomes CEO20
  17. Apr 28, 2014Founded Anterix Inc. is founded2

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.14) a share, on Nov 12, 2025.70

When it reported results

  1. Aug 11, 2026Reported quarterly or annual results59
  2. Jun 10, 2026Reported quarterly or annual results61
  3. Feb 11, 2026Reported quarterly or annual results66
  4. Nov 12, 2025Reported quarterly or annual results69
  5. Aug 12, 2025Reported quarterly or annual results71
  6. Jun 24, 2025Reported quarterly or annual results72
  7. Feb 11, 2025Reported quarterly or annual results73
  8. Nov 13, 2024Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

325 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 49 major events, 188 insider forms, 26 large holders, 41 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 9, 2026144 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Sep 29, 20264 EDGAR
  5. Sep 23, 20264/A EDGAR
  6. Sep 22, 20264 EDGAR
  7. Sep 21, 2026144 EDGAR
  8. Sep 18, 20268-K EDGAR
  9. Sep 11, 20264 EDGAR
  10. Sep 11, 20264/A EDGAR
  11. Sep 11, 20264 EDGAR
  12. Sep 10, 2026144 EDGAR
  13. Sep 8, 2026144 EDGAR
  14. Sep 8, 20264 EDGAR
  15. Sep 8, 20264 EDGAR
  16. Aug 27, 20264 EDGAR
  17. Aug 26, 20264 EDGAR
  18. Aug 25, 2026144 EDGAR
  19. Aug 24, 2026144 EDGAR
  20. Aug 20, 20264 EDGAR

The 325 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

63 open-market trades by officers, directors and large owners since October 2021: 18 buys and 45 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 21, 2026Lang Scott A.President and CEOSale15,000$80.00$1.2MForm 4
Sep 21, 2026Lang Scott A.President and CEOSale15,000$80.00$1.2MForm 4
Sep 10, 2026Martin HeatherChief Marketing OfficerSale8,064$84.20$679.0KForm 4
Sep 10, 2026DANIELS LESLIE BDirectorSale2,500$83.83$209.6KForm 4
Sep 8, 2026Ashe Gena LChief Legal Officer & Corp SecSale4,357$85.44$372.3KForm 4
Sep 8, 2026Ashe Gena LChief Legal Officer & Corp SecSale4,357$85.44$372.3KForm 4
Sep 4, 2026DANIELS LESLIE BDirectorSale4,100$87.07$357.0KForm 4
Sep 3, 2026DANIELS LESLIE BDirectorSale6,000$87.15$522.9KForm 4
Aug 25, 2026Guttman-McCabe ChristopherChief Reg & Comm OfficerSale23,439$92.36$2.2MForm 4
Aug 24, 2026Kuhn Thomas R.DirectorSale10,000$88.85$888.5KForm 4
Aug 14, 2026Heard WilliamDirectorSale46,400$90.11$4.2MForm 4
Aug 14, 2026Lang Scott A.President and CEOSale35,057$90.22$3.2MForm 4
Jun 18, 2026Lang Scott A.President and CEOSale170$80.25$13.6KForm 4
Jun 18, 2026Kuhn Thomas R.DirectorSale1,654$79.52$131.5KForm 4
Jun 17, 2026Marquez ElenaChief Financial OfficerSale4,291$79.50$341.1KForm 4
Jun 16, 2026YAZDI MAHVASHDirectorSale7,000$80.00$560.0KForm 4
Jun 15, 2026Fleischhauer MarkDirectorSale3,500$79.83$279.4KForm 4
Jun 15, 2026Guttman-McCabe ChristopherChief Reg & Comm OfficerSale122,852$81.75$10.0MForm 4
Jun 15, 2026Guttman-McCabe ChristopherChief Reg & Comm OfficerSale91,437$82.46$7.5MForm 4
Jun 15, 2026Ashe Gena LChief Legal Officer & Corp SecSale17,711$81.31$1.4MForm 4

All 63 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2026Scott A. LangPresident and CEO63$561.5K$3.8M84
2026Ryan L. GerbrandtChief Operating Officer$325.0K$1.9M84
2026ChristopherGuttman-McCabe Chief Regulatory and Communications Officer$503.3K$1.6M84
2026Heather MartinChief Marketing Officer and Chief of Staff48$234.1K$1.3M84
2025Scott A. LangPresident and CEO63$253.6K$3.9M84
2025ChristopherGuttman-McCabe Chief Regulatory and Communications Officer$493.0K$3.6M84
2025Ryan L. GerbrandtChief Operating Officer$407.2K$2.9M84

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Owl Creek Asset Management, L.P.5,411,776$557.1M49.4%No change
Heard Capital LLC1,716,738$176.7M7.6%No change
BlackRock, Inc.1,075,115$110.7M0.0%+67,972
Jupiter Topco LLC662,415$68.2M0.0%New
Vanguard Capital Management LLC553,002$56.9M0.0%−20,845
Plustick Management LLC520,000$53.5M22.7%+20,404
State Street Corp495,950$51.1M0.0%+108,032
Gamco Investors, Inc. Et Al415,520$42.8M0.4%−10,300
Geode Capital Management, LLC388,076$40.0M0.0%+13,775
QVT Financial LP383,941$39.5M2.6%−120,000
Dimensional Fund Advisors LP370,964$38.2M0.0%−53,892
Fmr LLC370,400$38.1M0.0%+235,105
Gabelli Funds LLC278,500$28.7M0.2%+12,700
Invesco Ltd.200,975$20.7M0.0%New
Vanguard Portfolio Management LLC158,469$16.3M0.0%−6,073
Garnet Equity Capital Holdings, Inc.156,119$16.1M7.2%−187,377
Potomac Capital Management, Inc.155,071$16.0M11.7%−18,731
Panoramic Capital, LLC154,377$15.9M6.8%+19,377
Goldman Sachs Group Inc139,334$14.3M0.0%−22,452
Charles Schwab Investment Management Inc139,278$14.3M0.0%−2,110
Bank Of America Corp /de/134,686$13.9M0.0%−33,095
Northern Trust Corp123,231$12.7M0.0%+5,621
Vanguard Fiduciary Trust Co120,999$12.5M0.0%+1,543
Kirr Marbach & Co LLC /in/116,069$11.9M2.0%+2,255
D. E. Shaw & Co., Inc.92,990$9.6M0.0%+87,294

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Anterix Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAnterix Inc.1
  • CIK0001304492
  • Employer ID (EIN)33-07450436
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsMarch 311
  • Industry code (SIC)4813 Telephone Communications (No Radiotelephone)1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address3 Garret Mountain Plaza, Suite 401, Woodland Park, NJ 074241
  • Phone(973) 771-03001
  • Shares outstanding19,609,786 as of Aug 6, 202615
  • Public float$241.9M as of Sep 30, 20256
  • AuditorDELOITTE & TOUCHE LLP, Morristown, New Jersey PCAOB ID 34; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceSep 27, 20041
  • Filings924 in all: 4 (479), 8-K (119), 3 (38), 10-Q (35), SC 13G/A (33), 144 (24), 4/A (17), SC 13D/A (17)1
    All 45 form types

    SC 13G (15), 10-K (12), DEF 14A (12), UPLOAD (12), 424B3 (10), CORRESP (10), S-8 (10), EFFECT (8), S-1/A (8), 424B5 (5), 5 (5), DRS/A (4), S-3 (4), SCHEDULE 13G/A (4), 10-Q/A (3), ARS (3), DEFA14A (3), DRSLTR (3), SC 13D (3), SCHEDULE 13G (3), 10-K/A (2), 8-K/A (2), CT ORDER (2), D (2), POS AM (2), PRE 14A (2), S-1 (2), SCHEDULE 13D/A (2), 424B4 (1), 8-A12B (1), CERTNAS (1), DEFN14A (1), DEFR14A (1), DRS (1), NT 10-Q (1), REGDEX (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Jun 25, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Proxy statement (DEF 14A) Jun 25, 2026
    Latest 8-K (8-K) Sep 18, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.0001 par valueATEXNasdaq

From the cover page of the 10-K filed Jun 25, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks Anterix Inc. names in Item 1A of its 10-K filed Jun 25, 2026: 31 risks under these headings, as written.6

  • Risks Related to Our Business
  • We may not be successful in commercializing our spectrum assets to our targeted utility and critical infrastructure customers in accordance with our business plans and expectations.
  • We are subject to contingencies and obligations under our commercial agreements with our customers including the delivery of cleared spectrum and broadband licenses on a timely basis, and as a result, there is no assurance that we will receive payments from such customers in the amounts and on the timeline we currently expect, or that any payments we have received to date from our customers, will not be subject to repayment or that our commercial agreements will not be subject to contract claims, including rights of termination.
  • We may not be successful in developing, marketing, selling and delivering new products and services offerings to our targeted utility and critical infrastructure customers.
  • We operate in a competitive environment, including with other spectrum holders that may offer broadband spectrum to our target customers. Additionally, many of the third parties who offer spectrum and communication technologies, products, services and solutions to our targeted customers have existing long-term relationships with these targeted customers and have significantly more resources and greater political and regulatory influence than we do, and we may not be able to successfully compete with these third parties.
  • If we are unable to attract new customers, our results of operations and our business will be adversely affected.
  • Our reputation and business may be harmed, and we may be subject to legal claims if there is loss, disclosure, or misappropriation of, or access to, our customers’ information.
  • Macroeconomic and unfavorable market conditions, regulatory and policy changes, and ongoing wars and other geopolitical matters, may have an adverse impact on our business, financial results, stock price and results of operations as well as the business of our current and potential customers.
  • Risks Related to Our Financial Condition
  • We may not be able to correctly estimate our operating expenses, future cash proceeds or future revenues, which could lead to cash shortfalls, and may prevent us from returning capital to our stockholders and require us to secure additional financing.
  • We have a unique business model, and our business activities, strategic approaches and plans may not be successful.
  • We have had net losses most years since our inception and may not achieve or maintain profitability in the future.
The other 21 risks
  • Our net operating losses (“NOLs”) are subject to certain restrictions and limitations, which may reduce our ability to use such NOLs in offsetting our future taxable income.
  • The value of our spectrum assets may fluctuate significantly based on supply and demand, as well as technical and regulatory changes.
  • Risks Related to the Use of Our Spectrum
  • Our plans to commercialize our 900 MHz spectrum assets depend on our ability to continue to qualify for and obtain broadband licenses from the FCC requirements. If we are unable to continue to obtain broadband licenses on a timely basis, our business, liquidity, results of operations and prospects will be materially adversely affected.
  • The voluntary exchange process established by the FCC in the Report and Order may not allow us to clear or relocate incumbents in certain counties in a timely manner and on commercially reasonable terms, or at all.
  • The members of the AAR may delay our ability to commercialize broadband licenses.
  • Our customers’ initiatives with the federal and state agencies and commissions that regulate electric utilities may not be successful, which may impact our commercialization efforts.
  • We may not be able to maintain any broadband licenses that we own and/or obtain from the FCC.
  • We may not be able to maintain any narrowband licenses that we own and/or obtain from the FCC or other licensees.
  • Government regulations or actions taken by governmental bodies could adversely affect our business prospects, liquidity and results of operations, including any changes by the FCC to the Report and Order or to the FCC rules and regulations governing the 900 MHz band.
  • Federal government shutdowns could affect our ability to obtain broadband licenses from the FCC, which could adversely impact our ability to comply with our contractual obligations and to commercialize our 900 MHz spectrum assets.
  • Risks Related to Our Organization and Structure
  • We may change our operations and business strategies without stockholder consent.
  • Our future success depends on our ability to retain our executive officers and key personnel and to attract, retain and motivate qualified personnel.
  • If we fail to implement and maintain an effective system of internal controls, we may not be able to accurately determine our financial results or prevent fraud. As a result, our stockholders could lose confidence in our financial results, which would materially and adversely affect our value and our ability to raise any required capital in the future.
  • Risks Related to Our Common Stock
  • There is no assurance that a robust market in our common stock will develop or be sustained.
  • Our common stock prices may be volatile, which could cause the value of our common stock to decline.
  • Concentration of ownership will limit your ability to influence corporate matters.
  • Future sales of our common stock, or preferred stock, or of other securities convertible into our common stock or preferred stock, could cause the market value of our common stock to decline and could result in dilution of your shares.
  • We cannot guarantee that our share repurchase program will be utilized to the full value approved or that it will enhance long-term stockholder value. Repurchases we consummate could increase the volatility of the price of our common stock and could have a negative impact on our available cash balance.
  • Future offerings of debt securities or preferred stock, which would rank senior to our common stock in the event of our bankruptcy or liquidation, may adversely affect the market price of our common stock.
  • Certain anti-takeover defenses and applicable law may limit the ability of a third party to acquire control of us.
  • Claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.

Legal proceedings

We are not involved in any material legal proceedings or other legal matters at this time. However, from time to time, we may be involved in litigation that arises from the ordinary operations of business, such as contractual or employment disputes or other general actions. See Note 15 Contingencies and Guaranty of the Notes to the Consolidated Financial Statements contained within this Annual Report for a further discussion of potential commitments and contingencies related to legal proceedings.

The opening of Item 3, Legal Proceedings.6

Sources

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