Neuronetics, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Neuronetics, Inc. (Nasdaq: STIM) on June 23, 2026, reporting events occurring on June 16, 2026. The filing addresses a senior executive promotion and associated compensation adjustments.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and executive compensation.
Material Changes
The primary material change reported is the promotion of Cory Anderson. Effective July 1, 2026, Mr. Anderson was promoted from Senior Vice President, Chief Technology Officer to Executive Vice President, General Manager of Greenbrook. Concurrent with this promotion, his annual base salary was increased to $425,000, and his target discretionary annual cash bonus was raised to 45% of his base salary.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, financial outlook, or discussion of material risks and contingencies. It confirms there are no related party transactions requiring disclosure under Item 404(a) of Regulation S-K and no family relationships between Mr. Anderson and the Company's directors or officers.
Key Facts for Investor Verification
- Effective Date: The promotion and compensation changes take effect on July 1, 2026.
- Compensation Details: New base salary is $425,000; target bonus is 45% of base salary.
- Role Scope: Mr. Anderson will serve as Executive Vice President and General Manager of Greenbrook.
- Background: Mr. Anderson has over 25 years of experience in medical device companies, including prior roles at Sebacia, The Innovation Factory, and Novoste Corporation.
- Financial Data: No financial metrics are disclosed in this specific filing; investors should refer to the most recent 10-Q or 10-K for financial status.