Neuronetics, Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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Mar 31, 2026 · Filed May 5, 2026
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Item 5. Other Information
Appointment of Principal Financial and Accounting Officer
Effective as of May 5, 2026, the Board appointed Francis X. Brown III as the Company’s Interim Principal Financial and Accounting Officer.
There is no arrangement or understanding between Mr. Brown and any other person pursuant to which he was selected as an officer of the Company, and there is no family relationship between Mr. Brown and any of the Company’s directors or other executive officers. There are no related party transactions between Mr. Brown and the Company that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Brown, age 62, served as the Company’s Corporate Controller from December 2, 2019, until March 2, 2022, and as the Company’s Vice President, Corporate Controller from March 3, 2022, until February 28, 2026, then as a member of the accounting team from March 1, 2026 through March 20, 2026. He currently serves as a consultant to the Company. Mr. Brown held various other controller and financial operations positions prior to joining the Company. Mr. Brown received his B.A. in Finance from Pennsylvania State University and his MBA from Villanova University. Mr. Brown is a Certified Public Accountant.
The Company has entered into an amended and restated consulting agreement with Mr. Brown effective as of April 22, 2026 (the “Consulting Agreement”). Under the terms of the Consulting Agreement, Mr. Brown will receive $25,000 for his services as the Company’s Interim Principal Financial and Accounting Officer.
The foregoing summary of the Consulting Agreement is not complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is filed as Exhibit 10.10 to this Current Report on Form 8-K and is incorporated herein by reference.
In connection with his services as the Company’s Interim Principal Financial and Accounting Officer, Mr. Brown also entered into the Company’s form executive indemnification agreement.
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