Management ChangeMay 22, 2026, 07:31 AM
Neuronetics Amends Interim PAO Consulting Agreement, Raises Pay
AI Summary
Neuronetics, Inc. announced an amendment to the consulting agreement with Francis X. Brown III, the Interim Principal Financial and Accounting Officer (PAO). The amendment clarifies that Mr. Brown will continue in his role until the company employs a full-time controller and a full-time principal financial and accounting officer, or another mutually agreed date. Additionally, his compensation was updated from a fixed $25,000 for his services to a monthly rate of $26,000.
Key Highlights
- Neuronetics amended the consulting agreement for Interim PAO Francis X. Brown III.
- The agreement clarifies Mr. Brown's ongoing service as Interim PAO until full-time officers are hired.
- Compensation for Mr. Brown increased to $26,000 per month.
- This replaces the previous compensation of $25,000 for his services.
- The amended agreement was dated May 18, 2026.
Price Impact
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