8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  May 5, 2020

ATN INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-12593	47-0728886
(State or other	(Commission File Number)	(IRS Employer
jurisdiction of incorporation)		Identification No.)

500 Cummings Center

Beverly, MA 01915

(Address of principal executive offices and zip code)  

(978) 619-1300

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of Each Class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $.01 per share	ATNI	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

As previously reported in the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on April 29, 2020 by ATN International, Inc. (the “Company”), effective January 1, 2020, the Company announced the restructuring of its presentation of revenue in the Condensed Consolidated Statements of Operations and in the Selected Segment Financial Information tables. This change is intended to better align the Company’s reporting of financial performance with industry competitors, the views of Company management, and to facilitate a more constructive dialogue with the investment community.

On April 29, 2020, the Company issued a press release announcing its first quarter 2020 financial results (the “Earnings Release”). On May 5, 2020, the Company furnished a Current Report on Form 8-K (the “Original 8-K”) disclosing certain recast historical financial information for the 2019 fiscal year. On May 11, 2020, the Company filed its Quarterly Report on Form 10-Q for the first quarter ended March 31, 2020 (the “Form 10-Q”). The Company is now re-presenting certain information provided within the Earnings Release, the Original 8-K and the Form 10-Q, refining the footnote disclosure allocation of revenues by category within a segment.

On June 8, 2020, the Company posted on its website updated recast historical financial information reflecting the refined allocations for the three month periods ended March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019 and March 31, 2020. To the extent applicable, this updated recast historical information is intended to supersede the information provided by the Company in the Earnings Release, the Original 8-K and the Form 10-Q. The updated recast financial information is attached hereto as Exhibit 99.1 and is available at https://ir.atni.com/financial-information.

Item 7.01 Regulation FD Disclosure

The information provided in Item 2.02 of this Current Report on Form 8-K/A is incorporated by reference into this Item 7.01.

The foregoing changes impact only the manner in which the results for the Company's performance were previously reported, are being furnished solely to aid investors by providing supplemental information, and do not represent a restatement of the Company's previously issued consolidated financial statements that were included in the Company's 2019 Form 10-K, as amended or the Form 10-Q. The Company's quarterly 2019 and first quarter 2020 recast financial information is attached as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information in Items 2.02 and 7.01 of this Current Report on Form 8-K/A, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in Items 2.02 and 7.01 of this Current Report on Form 8-K/A shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such filing or document.

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits.
99.1	Updated Recast 2019 and First Quarter 2020 Quarterly Revenue Categories.
104	Cover page formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ATN INTERNATIONAL, INC.
	By:	/s/ Justin D. Benincasa
		Justin D. Benincasa
		Chief Financial Officer
Dated:  June 8, 2020.

3

EX-99.1

Exhibit 99.1

Updated Recast 2019 and First Quarter 2020 Quarterly Revenue Categories

Three Months Ended March 31, 2019
	International Telecom		US Telecom		Renewable Energy		Corporate and Other		Consolidated
Revenues
Communications Services	$	79,121	$	21,493	$	-	$	-	$	100,614
Other		1,196		-		1,490		-		2,686
Total	$	80,317	$	21,493	$	1,490	$	-	$	103,300
Communications Services
Mobility	$	20,395	$	2,694	$	-	$	-	$	23,089
Fixed		56,126		1,959		-		-		58,085
Carrier Services		2,261		16,840		-		-		19,101
Other		339		-		-		-		339
Total	$	79,121	$	21,493	$	-	$	-	$	100,614
Other
Construction		-		-		-		-		-
Renewable Energy		-		-		1,490		-		1,490
Managed Services		1,196		-		-		-		1,196
Management Fees		-		-		-		-		-
Other		-		-		-		-		-
Other	$	1,196	$	-	$	1,490	$	-	$	2,686

Three Months Ended June 30, 2019
	International Telecom		US Telecom		Renewable Energy		Corporate and Other		Consolidated
Revenues
Communications Services	$	78,605	$	26,414	$	-	$	-	$	105,019
Other		1,254		-		1,448		-		2,702
Total	$	79,859	$	26,414	$	1,448	$	-	$	107,721
Communications Services
Mobility	$	21,007	$	2,800	$	-	$	-	$	23,807
Fixed		54,954		3,622		-		-		58,576
Carrier Services		2,306		19,992		-		-		22,298
Other		338		-		-		-		338
Total	$	78,605	$	26,414	$	-	$	-	$	105,019
Other
Construction		-		-		-		-		-
Renewable Energy		-		-		1,448		-		1,448
Managed Services		1,254		-		-		-		1,254
Management Fees		-		-		-		-		-
Other		-		-		-		-		-
Other	$	1,254	$	-	$	1,448	$	-	$	2,702

Three Months Ended September 30, 2019
	International Telecom		US Telecom		Renewable Energy		Corporate and Other		Consolidated
Revenues
Communications Services	$	79,947	$	32,893	$	-	$	-	$	112,840
Other		1,338		-		1,438		-		2,776
Total	$	81,285	$	32,893	$	1,438	$	-	$	115,616
Communications Services
Mobility	$	21,364	$	2,601	$	-	$	-	$	23,965
Fixed		55,845		4,304		-		-		60,149
Carrier Services		2,403		25,988		-		-		28,391
Other		335		-		-		-		335
Total	$	79,947	$	32,893	$	-	$	-	$	112,840
Other
Construction		-		-		-		-		-
Renewable Energy		-		-		1,438		-		1,438
Managed Services		1,338		-		-		-		1,338
Management Fees		-		-		-		-		-
Other		-		-		-		-		-
Other	$	1,338	$	-	$	1,438	$	-	$	2,776

Three Months Ended December 31, 2019
	International Telecom		US Telecom		Renewable Energy		Corporate and Other		Consolidated
Revenues
Communications Services	$	81,787	$	27,849	$	-	$	-	$	109,636
Other		1,292		-		1,158		-		2,450
Total	$	83,079	$	27,849	$	1,158	$	-	$	112,086
Communications Services
Mobility	$	21,794	$	2,437	$	-	$	-	$	24,231
Fixed		57,609		4,326		-		-		61,935
Carrier Services		2,100		21,086		-		-		23,186
Other		284		-		-		-		284
Total	$	81,787	$	27,849	$	-	$	-	$	109,636
Other
Construction		-		-		-		-		-
Renewable Energy		-		-		1,158		-		1,158
Managed Services		1,292		-		-		-		1,292
Management Fees		-		-		-		-		-
Other		-		-		-		-		-
Other	$	1,292	$	-	$	1,158	$	-	$	2,450

Three Months Ended March 31, 2020
	International Telecom		US Telecom		Renewable Energy		Corporate and Other		Consolidated
Revenues
Communications Services	$	80,605	$	27,299	$	-	$	-	$	107,904
Other		1,679		-		1,322		-		3,001
Total	$	82,284	$	27,299	$	1,322	$	-	$	110,905
Communications Services
Mobility	$	20,230	$	2,403	$	-	$	-	$	22,633
Fixed		57,741		4,825		-		-		62,566
Carrier Services		2,298		20,071		-		-		22,369
Other		336		-		-		-		336
Total	$	80,605	$	27,299	$	-	$	-	$	107,904
Other
Construction		-		-		-		-		-
Renewable Energy		-		-		1,322		-		1,322
Managed Services		1,679		-		-		-		1,679
Management Fees		-		-		-		-		-
Other		-		-		-		-		-
Other	$	1,679	$	-	$	1,322	$	-	$	3,001

XML

Cover	May 05, 2020
Cover [Abstract]
Document Type	8-K/A
Amendment Flag	false
Document Period End Date	May 05, 2020
Entity File Number	001-12593
Entity Registrant Name	ATN INTERNATIONAL, INC.
Entity Central Index Key	0000879585
Entity Tax Identification Number	47-0728886
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	500 Cummings Center
Entity Address, City or Town	Beverly
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01915
City Area Code	978
Local Phone Number	619-1300
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	ATNI
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false