secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2025-01-16T23:59:59+00:00
Accession:  0001193125-25-007442
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000119312525007442/0001193125-25-007442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000119312525007442/d858581d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-007442

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer