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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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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. |
On August 22, 2022, Bruce J. Shook notified the board of directors (the “Board”) of Neuronetics, Inc. (the “Company”) of his decision to resign from the Board effective as of October 31, 2022. The Company and Mr. Shook intend to enter into a consulting agreement under which Mr. Shook will provide advisory services to the Board and the Company’s management team through May 31, 2023. In exchange for these services, Mr. Shook will be paid at the rate of $350 per hour and the grant of restricted stock units he received on May 26, 2022 will continue to vest during the term of the consultancy. Mr. Shook’s decision to resign from the Board was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
SIGNATURE
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.
NEURONETICS, INC. | ||
(Registrant) | ||
Date: August 26, 2022 | By: | /s/ W. Andrew Macan | |
Name: | W. Andrew Macan | ||
Title: | SVP, General Counsel, Chief Compliance Officer and Corporate Secretary | ||
