Stem, Inc. Reports Board Changes and Officer Compensation Updates
Ticker: STEM · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1758766
| Field | Detail |
|---|---|
| Company | Stem, Inc. (STEM) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: STEM
TL;DR
STEM board shakeup and pay changes filed.
AI Summary
Stem, Inc. filed an 8-K on February 28, 2024, reporting changes in its board of directors and executive compensation arrangements. Specifically, the filing details the departure of a director and the election of a new director, along with updates to the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- STEM, INC. (company) — Registrant
- February 28, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
FAQ
Who departed from Stem, Inc.'s board of directors?
The filing indicates the departure of a director, though the specific name is not detailed in the provided text snippet.
Was a new director elected to Stem, Inc.'s board?
Yes, the filing reports the election of a new director to the board of Stem, Inc.
What other information is reported in this 8-K filing?
The filing also covers compensatory arrangements of certain officers.
What is the exact date of the report for Stem, Inc.?
The date of the report is February 28, 2024.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 456 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-03-04 17:18:40
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 STEM New York Stock Exchange Indicate
Filing Documents
- stem-20240228.htm (8-K) — 26KB
- 0001758766-24-000031.txt ( ) — 152KB
- stem-20240228.xsd (EX-101.SCH) — 2KB
- stem-20240228_lab.xml (EX-101.LAB) — 24KB
- stem-20240228_pre.xml (EX-101.PRE) — 13KB
- stem-20240228_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On February 28, 2024, Robert Schaefer, President, Behind the Meter Division, of Stem, Inc. (the "Company") notified the Company of his decision to retire, effective as of May 3, 2024. (e) In connection with Mr. Schaefer's retirement from the Company, it is expected that he and the Company will enter into a separation agreement and a consulting agreement at a later date. In connection with the execution of such agreements, the Company will file an amendment to this Report.
SIGNATURES
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. STEM, INC. Date: March 4, 2024 By: /s/ Saul R. Laureles Name: Saul R. Laureles Title: Chief Legal Officer and Corporate Secretary _____________________________________________________________________________________________ 3