No trading signal. The filing confirms Neuronetics has not yet hired permanent finance leadership, but the interim arrangement is stable and low-cost. Monitor for future 8-Ks announcing a permanent controller or CFO hire, which would signal the end of this interim period.
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Executive Summary
Neuronetics entered into an amended consulting agreement with Francis X. Brown III, extending his role as Interim Principal Financial and Accounting Officer on an ongoing basis at a fixed monthly rate of $26,000, replacing the prior fixed hourly rate arrangement. This is a routine administrative update to an interim officer's compensation structure with no material financial impact.
Key Facts
- Francis X. Brown III continues as Interim Principal Financial and Accounting Officer under an amended consulting agreement dated May 18, 2026.
- Monthly compensation set at $26,000, replacing the prior fixed hourly rate; the prior interim agreement paid $25,000 for services through the 10-Q filing date.
- The agreement runs until Neuronetics hires a full-time controller and a full-time principal financial and accounting officer, or another date agreed in writing.
- No departure, resignation, or termination event occurred — this is a continuation of an existing interim arrangement.
Financial Impact
Monthly consulting fee of $26,000 (approximately $312,000 annualized) for interim CFO/controller services; immaterial relative to the company's $83M market cap.
Risk Factors
- Prolonged reliance on an interim finance officer may indicate difficulty attracting permanent talent.
- No material financial risk from this specific filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-235481 |
| Document: d138318d8k.htm | 0001193125-26-235481 |
| Document: 0001193125-26-235481-index-headers.html | 0001193125-26-235481 |
| Document: 0001193125-26-235481-index.html | 0001193125-26-235481 |
| Document: 0001193125-26-235481.txt | 0001193125-26-235481 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 11w ago | 8-K | $3.19 $3.21 | ▲ +0.63% | ▲ +0.38% | $2.18 (−31.50%) |
Aug 11, 2026 11w ago | Press Release | $3.19 $3.21 | ▲ +0.63% | ▲ +0.38% | $2.18 (−31.50%) |
Jun 23, 2026 17w ago | 8-K | $1.26 $1.27 | ▲ +0.79% | ▲ +0.65% | $2.18 (+73.41%) |
May 22, 2026 22w ago | 8-K | $1.20 $1.22 | ▲ +1.67% | ▲ +1.08% | $2.18 (+82.08%) |
May 5, 2026 25w ago | 8-K | $2.17 $1.91 | ▼ −11.98% | ▼ −13.37% | $2.18 (+0.69%) |
May 5, 2026 25w ago | Press Release | $2.17 $1.91 | ▼ −11.98% | ▼ −13.37% | $2.18 (+0.69%) |
Apr 21, 2026 27w ago | Press Release | $1.50 $1.59 | ▲ +6.00% | ▲ +4.98% | $2.18 (+45.67%) |
Apr 13, 2026 28w ago | EFFECT | $1.39 $1.43 | ▼ −2.88% | ▼ −1.67% | $2.18 (−57.19%) |
Mar 19, 2026 31w ago | Insider Cluster | $1.52 $1.45 | ▼ −4.29% | ▼ −2.55% | $2.18 (+44.22%) |
Mar 19, 2026 31w ago | Insider Cluster | $1.52 $1.45 | ▼ −4.29% | ▼ −2.55% | $2.18 (+44.22%) |
US Market Status
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