---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-143876"
form_type: "8-K"
ticker: "STIM"
cik: "0001227636"
company_name: "Neuronetics, Inc."
filed_at: "2026-04-06T23:59:59+00:00"
generated_at: "2026-05-15T07:15:37.738031+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Neuronetics announces CFO resignation, 5% workforce reduction, and former CEO consulting deal

## Summary
- Former CEO Keith J. Sullivan enters consulting agreement with release; will vest in equity through March 2027; no additional compensation.
- CFO Steven E. Pfanstiel resigns effective May 1, 2026; company launches search for successor; no dispute.
- Workforce reduction impacting up to 5% of employees; expects $0.2M restructuring charge in Q2 2026.
- Annualized cost savings of $2.5M to $3.0M expected, primarily starting in Q3 2026.
- Reaffirms FY2026 financial guidance provided during Q4 2025 earnings call on March 17, 2026.

## SEC filing metadata
- accession: 0001193125-26-143876
- form_type: 8-K
- ticker: STIM
- cik: 0001227636
- company_name: Neuronetics, Inc.
- filed_at: 2026-04-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/d107138d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-143876
- JSON: https://secwatch.observer/filing/0001193125-26-143876.json
- Plain text: https://secwatch.observer/filing/0001193125-26-143876.txt

## Source-grounded claims
- claim_id: 6991c51dc496dbacda4d86ec2e5365f7f2fa7cc0
  claim: Neuronetics, Inc. announced a restructuring with charges of approximately $0.2 million (up to 5% of its employees).
  evidence_excerpt: On April 2, 2026, the Company initiated a workforce reduction, which it expects to be completed by mid-year 2026, that will impact up to 5% of its employees. The reduction is part of a broader effort to optimize the Company’s cost structure. The Company expects to incur restructuring charges of approximately $0.2 million, primarily for severance and related costs, in the second quarter of 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm

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