Stem CEO John Carrington steps down; David Buzby named interim CEO

STEM, INC.

John Carrington stepped down as CEO and Board member effective Sept 11, 2024; will serve as advisor through Dec 31, 2024.
Board appointed current Executive Chair David Buzby as interim CEO; Buzby will continue as Executive Chair.
Board is conducting a search for a permanent CEO, including internal and external candidates.
Company is concluding its previously announced strategy review and expects to announce outcome in coming weeks.
Buzby's compensation: base salary $600k annualized, 125% target bonus (50% guaranteed), 400k stock options at $1.00.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

David Buzby

Chief Executive Officer

STEM · STEM, INC.

Effective: 2024-09-11
Filed: September 16, 2024, 7:59 PM ET

the Board appointed the Board’s current Chairman and Executive Chair, Mr. David Buzby, age 64, as the Company’s interim Chief Executive Officer (“Interim CEO”), effective September 11, 2024.

Departed

John Carrington

Chief Executive Officer

STEM · STEM, INC.

Effective: 2024-09-11
Successor: David Buzby
Filed: September 16, 2024, 7:59 PM ET

Mr. John Carrington stepped down as Chief Executive Officer of the Company and as a member of the Company’s board of directors (the “Board”), effective September 11, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Buzby was appointed as Chief Executive Officer at STEM, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board appointed the Board’s current Chairman and Executive Chair, Mr. David Buzby, age 64, as the Company’s interim Chief Executive Officer (“Interim CEO”), effective September 11, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Carrington departed as Chief Executive Officer at STEM, INC..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

Mr. John Carrington stepped down as Chief Executive Officer of the Company and as a member of the Company’s board of directors (the “Board”), effective September 11, 2024.

View on SEC.gov

STEM, INC. filing history →

Source: SEC EDGAR

accession 0001758766-24-000166

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