Neuronetics Announces CFO Departure, Appoints Interim CFO, Adds Directors
Ticker: STIM · Form: 8-K · Filed: May 6, 2025 · CIK: 1227636
| Field | Detail |
|---|---|
| Company | Neuronetics, Inc. (STIM) |
| Form Type | 8-K |
| Filed Date | May 6, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-change, cfo-departure
TL;DR
Neuronetics CFO out, interim CFO in, two new board members added.
AI Summary
On May 6, 2025, Neuronetics, Inc. filed an 8-K report detailing several key events. The company announced the departure of its Chief Financial Officer, Todd L. Carpenter, effective May 3, 2025. Concurrently, it appointed Brian J. Baker as the interim CFO. The filing also disclosed the election of two new directors, Dr. David M. Bear and Mr. David M. D. Smith, to its Board of Directors, effective May 6, 2025.
Why It Matters
The departure of a CFO and the appointment of an interim successor can signal a period of transition and potential strategic shifts for the company. The addition of new directors may indicate a focus on governance or specific strategic expertise.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding future strategy and financial management.
Key Players & Entities
- Neuronetics, Inc. (company) — Registrant
- Todd L. Carpenter (person) — Departing Chief Financial Officer
- May 3, 2025 (date) — Effective date of CFO departure
- Brian J. Baker (person) — Appointed Interim Chief Financial Officer
- Dr. David M. Bear (person) — Elected Director
- Mr. David M. D. Smith (person) — Elected Director
- May 6, 2025 (date) — Effective date of director appointments
FAQ
Who has been appointed as the interim Chief Financial Officer of Neuronetics, Inc.?
Brian J. Baker has been appointed as the interim Chief Financial Officer.
When was Todd L. Carpenter's departure as CFO effective?
Todd L. Carpenter's departure as CFO was effective May 3, 2025.
How many new directors were elected to Neuronetics' Board?
Two new directors, Dr. David M. Bear and Mr. David M. D. Smith, were elected.
What is the effective date for the election of the new directors?
The election of the new directors is effective May 6, 2025.
What is the principal executive office address for Neuronetics, Inc.?
The principal executive office is located at 3222 Phoenixville Pike, Malvern, PA 19355.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 6, 2025 by Todd L. Carpenter regarding Neuronetics, Inc. (STIM).