---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-007442"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2025-01-16T23:59:59+00:00"
generated_at: "2026-05-28T00:11:08.479352+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Stem appoints Arun Narayanan as CEO effective Jan 27, 2025; Buzby stays Board Chair

## Summary
- Arun Narayanan, former CEO of RES Digital Solutions, named CEO; succeeds David Buzby as Interim CEO.
- David Buzby steps down as Interim CEO and Executive Chair Jan 27, 2025, remains non-executive Board Chair.
- Narayanan receives base salary of $575K, sign-on bonus of $50K, and equity awards including 975K RSUs and 325K PSUs.
- Buzby's amended agreement provides $600K base, 125% bonus target with 75% minimum guarantee, and 66,667 stock options vesting immediately.
- CEO search announced Sept 2024 concludes; company emphasizes software-focused strategy under new leadership.

## SEC filing metadata
- accession: 0001193125-25-007442
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2025-01-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000119312525007442/0001193125-25-007442-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000119312525007442/d858581d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-007442
- JSON: https://secwatch.observer/filing/0001193125-25-007442.json
- Plain text: https://secwatch.observer/filing/0001193125-25-007442.txt

## Key facts
- Executive change
  David Buzby changed role as non-executive Chair of the Board at STEM, INC..
  - Action: will serve as
  - Role: non-executive Chair of the Board
  source text: Effective January 27, 2025, Mr. Buzby will serve as the non-executive Chair of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000119312525007442/0001193125-25-007442-index.htm
- Executive change
  Arun Narayanan was appointed as Chief Executive Officer at STEM, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On January 16, 2025, Stem, Inc. (the “Company”) announced that the Company’s board of directors (the “Board”) has appointed Mr. Arun Narayanan, age 50, as the Company’s Chief Executive Officer (“CEO”), effective January 27, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000119312525007442/0001193125-25-007442-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.