---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-24-000153"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:05:58.899942+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stem appoints Doran Hole as CFO, David Buzby as Executive Chair; launches strategic review

## Summary
- Doran Hole named CFO and EVP effective Sept 2, 2024; succeeds Bill Bush who steps down but remains in other roles.
- David Buzby appointed Executive Chair; Laura D'Andrea Tyson becomes Lead Independent Director.
- Prakesh Patel (Chief Strategy Officer) departs immediately; CSO role eliminated.
- Board creates Software Strategy Working Group chaired by Gerard Cunningham.
- Company initiates a strategic review of its business to focus on software services growth and cash flow.

## SEC filing metadata
- accession: 0001758766-24-000153
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000153/0001758766-24-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000153/stem-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-24-000153
- JSON: https://secwatch.observer/filing/0001758766-24-000153.json
- Plain text: https://secwatch.observer/filing/0001758766-24-000153.txt

## Key facts
- Executive change
  David Buzby was appointed as Executive Chair of the Board of Directors at STEM, INC..
  - Action: appointed
  - Role: Executive Chair of the Board of Directors
  source text: the Company appointed David Buzby, age 64, as Executive Chair of the Board of Directors (the “Board”) of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000153/0001758766-24-000153-index.htm
- Executive change
  Prakesh Patel departed as Chief Strategy Officer at STEM, INC..
  - Action: departing
  - Role: Chief Strategy Officer
  source text: the Company announced that Prakesh Patel, the Company's Chief Strategy Officer, is departing from the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000153/0001758766-24-000153-index.htm
- Executive change
  William Bush departed as Chief Financial Officer at STEM, INC..
  - Action: stepping down
  - Role: Chief Financial Officer
  source text: William Bush will be stepping down as Chief Financial Officer of the Company, effective September 2, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000153/0001758766-24-000153-index.htm
- Executive change
  Doran Hole was appointed as Chief Financial Officer and Executive Vice President at STEM, INC..
  - Action: appointed
  - Role: Chief Financial Officer and Executive Vice President
  source text: the Company appointed Doran Hole, age 55, as the Company’s Chief Financial Officer and Executive Vice President, effective September 2, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000153/0001758766-24-000153-index.htm

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