secwatch.observer — SEC 8-K summary
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Issuer:     Neuronetics, Inc. (STIM)
CIK:        0001227636
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001193125-26-143876
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.05, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/0001193125-26-143876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227636/000119312526143876/d107138d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-143876

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