Stem, Inc. Announces Board and Officer Changes
Ticker: STEM · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1758766
| Field | Detail |
|---|---|
| Company | Stem, Inc. (STEM) |
| Form Type | 8-K |
| Filed Date | Jul 3, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-changes, executive-compensation
Related Tickers: STEM
TL;DR
STEM board shakeup effective 6/28, new directors in, old ones out.
AI Summary
On June 28, 2024, Stem, Inc. announced changes to its Board of Directors, including the appointment of new directors and the departure of existing ones. The company also reported on compensatory arrangements for its officers. These changes are effective as of June 28, 2024.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance changes and executive compensation, which typically carry lower immediate risk.
Key Players & Entities
- STEM, INC. (company) — Registrant
- June 28, 2024 (date) — Effective date of changes
FAQ
Who are the new directors appointed to Stem, Inc.'s Board?
The filing does not specify the names of the newly appointed directors.
Which directors have departed from Stem, Inc.'s Board?
The filing does not specify the names of the departing directors.
What is the effective date of the reported changes?
The effective date of the changes is June 28, 2024.
What specific compensatory arrangements are detailed in this filing?
The filing mentions compensatory arrangements for certain officers but does not provide specific details within the provided text.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 442 words · 2 min read · ~1 pages · Grade level 12.1 · Accepted 2024-07-03 16:33:09
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 STEM New York Stock Exchange Indicate
Filing Documents
- stem-20240628.htm (8-K) — 26KB
- 0001758766-24-000140.txt ( ) — 146KB
- stem-20240628.xsd (EX-101.SCH) — 2KB
- stem-20240628_lab.xml (EX-101.LAB) — 21KB
- stem-20240628_pre.xml (EX-101.PRE) — 12KB
- stem-20240628_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 June 28, 2024, Alan Russo notified Stem, Inc. (the "Company") of his intent to resign as Chief Revenue Officer of the Company, effective July 12, 2024. As a part of its ongoing efforts to improve customer engagement and drive profitability, the Company has realigned its sales team to the primary business lines they support. Accordingly, the Company does not intend to seek a replacement for the Chief Revenue Officer position.
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: July 3, 2024 By: /s/ Saul R. Laureles Name: Saul R. Laureles Title: Chief Legal Officer and Corporate Secretary _____________________________________________________________________________________________ 3