Neuronetics, Inc. 8-K

What Happened
Neuronetics, Inc. (STIM) filed a Form 8-K (May 22, 2026) announcing an amended and restated consulting agreement with Francis X. Brown III. Mr. Brown had been appointed Interim Principal Financial and Accounting Officer effective May 5, 2026 (initial agreement dated April 22, 2026). The May 18, 2026 amendment clarifies that he will continue as Interim PAO until the company hires a full‑time controller and a full‑time principal financial and accounting officer (or another date the parties agree) and changes his pay to $26,000 per month.

Key Details

• Interim appointment effective: May 5, 2026 (original consulting agreement dated April 22, 2026).
• Amended agreement date: May 18, 2026.
• Compensation: previously a $25,000 payment under the initial agreement; amended to $26,000 per month (replacing the fixed hourly rate).
• Term: continues until the company employs a full-time controller and a full-time principal financial and accounting officer, or another mutually agreed date.

Why It Matters
This filing notifies investors that Neuronetics has secured continued interim finance leadership while it searches for permanent finance officers. The amendment fixes ongoing monthly compensation ($26k/month) and clarifies the duration of Mr. Brown’s interim role, which is relevant to governance and financial oversight. The change is administrative and procedural—no permanent CFO hire or other executive departures were announced in this filing.