Neuronetics, Inc. (STIM) — Current Report

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Latest Current Report Filed: 2026-04-06

Key Insights

  • Neuronetics, Inc. has entered into an executive consulting agreement with its former President and CEO Keith J. Sullivan, who will continue to vest in his outstanding equity awards during the consulting period.
  • The company is initiating a workforce reduction that is expected to impact up to 5% of its employees, with an estimated $0.2 million in restructuring charges and $2.5-$3 million in annualized cost savings.
  • Neuronetics' Executive Vice President, Chief Financial Officer, and Treasurer Steven E. Pfanstiel has announced his intention to resign on May 1, 2026, and the company has commenced a search for his successor.
Filing tone (AI): Neutral
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AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.