secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K/A
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001193125-25-020088
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Stem details separation terms for ex-CFO Bush: $318,750 severance, equity forfeiture
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- Cash severance of $318,750 (9 months base salary) plus pro rata FY2024 bonus based on actual board-determined performance.
- COBRA premium reimbursement for up to 9 months; all unvested stock options and RSUs cancelled and forfeited.
- Vested options exercisable until 3 months after Separation Date (Nov 8, 2024) or award expiration, whichever earlier.
- Separation agreement signed Jan 30, 2025; payments conditional on non-revocation of release and compliance with confidentiality, non-disparagement, and non-competition covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000119312525020088/0001193125-25-020088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000119312525020088/d858889d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-020088

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