That's a negative ghost rider. From docket #19 of the bankruptcy filing:

"The Former Officer Agreements. The Debtor hereby seek to reject the Consulting Agreement (the “Trenary Agreement”) dated March 10, 2011
between Pinnacle Holdings and Philip H. Trenary (“Trenary”) and the Release Agreement (the “Shockey Agreement” and together with the Trenary Agreement, the “Former Officer Agreements”) dated October 19, 2011 between Pinnacle Holdings and Douglas W. Shockey (“Shockey”), in each case effective as of the Petition Date.

Pursuant to the Officer Agreements, the Debtors pay Trenary for consulting services and Shockey for non-revocation of a release signed concurrently with the Shockey Agreement. The Debtors are eager to use these chapter 11 proceedings to maximize value for all stakeholders and emerge as stronger businesses. After analyzing the Officer Agreements, the Debtors have determined, in the sound exercise of their business judgment, that rejecting the Former Officer Agreements would benefit the Debtors’ estates by allowing the Debtors to avoid accruing ongoing payment obligations under the Former Officer Agreements, which provide no ongoing benefit to the Debtors’ estates.

The Debtors estimate that the total savings from rejecting the Officer Agreements will exceed $1,500,000."