Neuronetics updates interim finance officer terms

Neuronetics, Inc. reported that it has updated the consulting arrangement with Francis X. Brown III, who serves as its Interim Principal Financial and Accounting Officer.

Rhea-AI Filing Summary

Neuronetics, Inc. reported that it has updated the consulting arrangement with Francis X. Brown III, who serves as its Interim Principal Financial and Accounting Officer. Mr. Brown was previously engaged under an agreement dated April 22, 2026 and began serving as Interim PAO on May 5, 2026.

Under the new Amended and Restated Consulting Agreement dated May 18, 2026, his role is clarified to include ongoing service as Interim PAO until the company hires a full-time controller and a full-time principal financial and accounting officer or another written end date is agreed. His compensation is now set at $26,000 per month, replacing the earlier $25,000 fee for his interim services.

8-K Event Classification

2 items: 5.02, 9.01

2 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 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Initial Interim PAO fee: $25,000 Revised monthly compensation: $26,000 per month Interim PAO effective date: May 5, 2026 +2 more

5 metrics

Initial Interim PAO fee $25,000 Compensation for services as Interim Principal Financial and Accounting Officer

Revised monthly compensation $26,000 per month Under Amended and Restated Consulting Agreement dated May 18, 2026

Interim PAO effective date May 5, 2026 Start of service as Interim Principal Financial and Accounting Officer

Original consulting agreement date April 22, 2026 Date of initial Interim PAO Consulting Agreement

Amended agreement date May 18, 2026 Date of Amended and Restated Consulting Agreement

Key Terms

Interim Principal Financial and Accounting Officer, Amended and Restated Consulting Agreement, Emerging growth company, Inline XBRL

4 terms

Interim Principal Financial and Accounting Officer financial

"appointed Francis X. Brown III as the Company’s Interim Principal Financial and Accounting Officer"

Amended and Restated Consulting Agreement financial

"agreed to an Amended and Restated Consulting Agreement to clarify that Mr. Brown’s services include"

Emerging growth company regulatory

"Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Inline XBRL technical

"Cover Page Interactive Data File (embedded within the Inline XBRL document)"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive role does Neuronetics (STIM) highlight in this 8-K?

Neuronetics highlights Francis X. Brown III’s role as Interim Principal Financial and Accounting Officer. The filing clarifies his ongoing responsibilities in this interim capacity until the company hires a full-time controller and a full-time principal financial and accounting officer or another date is agreed.

How is Francis X. Brown III compensated as Neuronetics’ Interim PAO?

Under the amended consulting agreement, Francis X. Brown III receives $26,000 per month. This replaces an earlier $25,000 payment for his interim services, moving from a fixed amount and hourly rate structure to a defined monthly compensation for his continued interim finance leadership.

When did Francis X. Brown III begin serving as Neuronetics’ Interim PAO?

Francis X. Brown III began serving as Neuronetics’ Interim Principal Financial and Accounting Officer effective May 5, 2026. His service initially relied on an April 22, 2026 consulting agreement, which has since been amended and restated to clarify duties and revise his compensation structure.

What does the amended consulting agreement at Neuronetics (STIM) change?

The amended consulting agreement clarifies that Francis X. Brown III will continue as Interim PAO until specific full-time hires are made or another date is agreed. It also changes his compensation to $26,000 per month instead of a fixed hourly rate and prior lump-sum payment.

How long is Neuronetics’ Interim PAO expected to serve under the new terms?

The filing states that Francis X. Brown III will serve as Interim PAO until Neuronetics employs a full-time controller and a full-time principal financial and accounting officer, or until another date is agreed in writing, giving the company flexibility around the interim leadership timeline.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 07:30 AM EDT Learn about SEC filing dates

false 0001227636 0001227636 2026-05-18 2026-05-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 18, 2026

NEURONETICS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-38546		33-1051425
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3222 Phoenixville Pike, Malvern, PA		19355
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (877) 600-7555

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock ($0.01 par value)		STIM		The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)

Neuronetics, Inc. (the “Company”) previously announced that the Board appointed Francis X. Brown III as the Company’s Interim Principal Financial and Accounting Officer (the “Interim PAO”) effective as of May 5, 2026 pursuant to an amended and restated consulting agreement with Mr. Brown dated as of April 22, 2026 (the “Interim PAO Consulting Agreement”). Under the terms of the Interim PAO Consulting Agreement, Mr. Brown received $25,000 for his services as the Company’s Interim Principal Financial and Accounting Officer.

On May 18, 2026, the Company and Mr. Brown agreed to an Amended and Restated Consulting Agreement to: (i) clarify that Mr. Brown’s services include ongoing service as the Interim PAO until the Company employs a full-time controller and a full-time principal financial and accounting officer or any other date agreed in writing by the parties; and (ii) provide for compensation of $26,000 per month in lieu of the fixed hourly rate.

The foregoing summary of the Amended and Restated Consulting Agreement is not complete and is qualified in its entirety by reference to the full text of the Amended and Restated Consulting Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
10.1		Amended and Restated Consulting Agreement by and between the Company and Francis X. Brown III dated May 18, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 22, 2026				NEURONETICS, INC.
				By:		/s/ W. Andrew Macan
						W. Andrew Macan
						Executive Vice President, Chief Legal Officer, and Corporate Secretary

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 33.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB