---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-24-000062"
form_type: "8-K/A"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:57:52.277968+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Stem Inc. amends 8-K to detail separation terms for retiring division President Robert Schaefer

## Summary
- Robert Schaefer, President of Behind-the-Meter Division, retires effective May 3, 2024; serves as consultant through Feb 2, 2025.
- Separation Agreement includes $425,000 cash payment (12 months base salary), pro-rata bonus, and 9 months COBRA reimbursement.
- Unvested equity (except 667,556 RSUs from March 2022) cancelled; those RSUs vest during consulting period subject to performance.
- Consulting Agreement pays $5,000/month and allows continued vesting of the Closing Grant.

## SEC filing metadata
- accession: 0001758766-24-000062
- form_type: 8-K/A
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000062/0001758766-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000062/stem-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-24-000062
- JSON: https://secwatch.observer/filing/0001758766-24-000062.json
- Plain text: https://secwatch.observer/filing/0001758766-24-000062.txt

## Key facts
- Executive change
  Robert Schaefer retired as President of Behind-the-Meter Division at STEM, INC..
  - Action: retired
  - Role: President of Behind-the-Meter Division
  source text: On March 23, 2024, the Company and Mr. Schaefer entered into a Separation and Release of Claims Agreement (the “Separation Agreement”), pursuant to which Mr. Schaefer is entitled to receive the following payments and benefits in accordance with the existing terms of his employment agreement with the Company:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000062/0001758766-24-000062-index.htm

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