Stem, INC 8-K filings

Stem Inc. announced the departure of CEO John Carrington, with David Buzby appointed as interim CEO, effective September 11, 2024.

Stem, Inc. has received a notice from the New York Stock Exchange stating that its average share price has fallen below the required minimum for continued listing.

Stem Inc. reports the resignation of board member Michael C. Morgan, effective October 7, 2024, for personal reasons.

Stem Inc. has appointed a new CFO and Executive Chair, initiated a strategic review, and streamlined its management structure.

Stem Inc. reported a significant revenue drop in Q2 2024 and revised its full-year guidance due to project delays and other factors, despite improvements in gross margins.

Stem Inc. has announced the resignation of its Chief Revenue Officer, Alan Russo, effective July 12, 2024, and a realignment of its sales team.

Stem, Inc. held its 2024 Annual Meeting of Stockholders on May 29, 2024, where key proposals including the election of directors and approval of a new equity incentive plan were voted on.

Stem Inc. reported a significant decrease in revenue for the first quarter of 2024 due to a $33 million non-cash adjustment related to contract guarantees, while also highlighting improvements in non-GAAP gross margin and operating cash flow.

Stem Inc. has appointed Gerard Cunningham, an experienced technology and AI leader, to its Board of Directors, effective April 19, 2024.

Stem Inc. has amended its previous 8-K filing to disclose the terms of a separation and consulting agreement with Robert Schaefer, President of the Behind the Meter Division, following his retirement.

Robert Schaefer, President of Stem Inc.'s Behind the Meter Division, has announced his retirement, effective May 3, 2024.

Stem, Inc. reports positive adjusted EBITDA in the fourth quarter of 2023 and second half of 2023, and projects at least $50 million in operating cash flow for 2024.