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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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 25, 2024, based on a recent analysis of similarly situated companies, feedback from our stockholders, and other considerations, the Board of Directors (the “Board”) of Neuronetics, Inc. (the “Company”) determined that it would reduce the number of directors serving on the Board from eight to five effective immediately after the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”). Following this determination, Messrs. John K. Bakewell and Joseph H. Capper and Dr. Wilfred E. Jaeger advised the Company that they would not stand for reelection to the Board at the 2024 Annual Meeting. The decision not to seek election to the Board did not result from any disagreements with the Company regarding any matter related to the Company’s operations, policies, or practices. Their service on the Board and the Board’s committees will end at the conclusion of the 2024 Annual Meeting.
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.
| NEURONETICS, INC. | ||||||||
| Date: March 28, 2024 | By: | /s/ W. Andrew Macan | ||||||
| Name: | W. Andrew Macan | |||||||
| Title: | EVP, General Counsel, Chief Compliance Officer and Corporate Secretary | |||||||