Stem, Inc. (NYSE: STEM) holders back directors, equity plan and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Stem, Inc. reported results of its 2026 annual stockholders meeting held on June 3, 2026. Stockholders elected three Class II directors to serve until the 2029 annual meeting, with each nominee receiving around 1.8–2.0 million votes in favor and more than 2.4 million broker non-votes.
They approved an amendment and restatement of the 2024 Equity Incentive Plan, increasing shares available for issuance by 425,000 shares and extending the plan term. Stockholders also approved, on a non-binding advisory basis, the compensation of named executive officers and ratified RSM US LLP as independent auditor for the fiscal year ending December 31, 2026.
A total of 4,532,097 shares, or approximately 53% of shares entitled to vote, were present or represented by proxy, and detailed vote counts were provided for each proposal.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 5.07, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Meeting quorum: 4,532,097 shares (53%)
Equity plan share increase: 425,000 shares
Director vote – Ira Birns: 1,977,507 for / 65,263 withheld
+4 more
7 metrics
Meeting quorum
4,532,097 shares (53%)
Shares present or represented at 2026 annual meeting
Equity plan share increase
425,000 shares
Additional shares available under 2024 Equity Incentive Plan
Director vote – Ira Birns
1,977,507 for / 65,263 withheld
Election as Class II director until 2029 annual meeting
Director vote – Adam E. Daley
1,852,248 for / 190,522 withheld
Election as Class II director until 2029 annual meeting
Director vote – Anil Tammineedi
1,827,044 for / 215,726 withheld
Election as Class II director until 2029 annual meeting
Say-on-pay vote
1,891,571 for / 128,692 against
Non-binding advisory vote on named executive officer compensation
Auditor ratification vote
4,330,718 for / 148,533 against
Ratification of RSM US LLP as 2026 independent auditor
Key Terms
non-binding, advisory basis, broker non-votes, Equity Incentive Plan, independent registered public accounting firm, +1 more
5 terms
non-binding, advisory basis financial
"to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers"
broker non-votes financial
"Name | Votes For | Votes Withheld | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Equity Incentive Plan financial
"to approve an amendment and restatement of the Amended and Restated Stem, Inc. 2024 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
independent registered public accounting firm financial
"to ratify the selection of RSM US LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Annual Meeting of Stockholders financial
"held its 2026 Annual Meeting of Stockholders on June 3, 2026"
FAQ
What change was approved to Stem, Inc.’s 2024 Equity Incentive Plan (STEM)?
Shareholders approved an amendment and restatement of the 2024 Equity Incentive Plan, increasing the number of shares available for issuance by 425,000 shares and extending the plan term. The updated plan is referred to as the Second Amended and Restated 2024 Equity Incentive Plan.
Were Stem, Inc. (STEM) director nominees elected at the 2026 annual meeting?
Yes. Class II director nominees Ira Birns, Adam E. Daley, and Anil Tammineedi were elected to serve until the 2029 annual meeting. Each nominee received over 1.8 million votes for, with additional broker non-votes reported but not counted as opposition.
Who is Stem, Inc.’s (STEM) independent auditor for fiscal 2026?
Shareholders ratified the selection of RSM US LLP as Stem, Inc.’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The auditor ratification received 4,330,718 votes for, 148,533 against, and 52,846 abstentions, with no broker non-votes.