---
schema_version: "secwatch.filing_event.v1"
accession: "0001758766-24-000166"
form_type: "8-K"
ticker: "STEM"
cik: "0001758766"
company_name: "STEM, INC."
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:38:57.211017+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001758766-24-000166
- form_type: 8-K
- ticker: STEM
- cik: 0001758766
- company_name: STEM, INC.
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000166/0001758766-24-000166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000166/stem-20240911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-24-000166
- JSON: https://secwatch.observer/filing/0001758766-24-000166.json
- Plain text: https://secwatch.observer/filing/0001758766-24-000166.txt

## Key facts
- Executive change
  David Buzby was appointed as Chief Executive Officer at STEM, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000166/0001758766-24-000166-index.htm
- Executive change
  John Carrington departed as Chief Executive Officer at STEM, INC..
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876624000166/0001758766-24-000166-index.htm

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