secwatch.observer — SEC 8-K summary
======================================

Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K/A
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001758766-24-000062
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876624000062/0001758766-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876624000062/stem-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001758766-24-000062

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