Neuronetics Names Nir Naor CFO, Announces CLO Departure and Greenbrook GM Promotion
STIM has more than doubled off its 52-week low of $0.8 on elevated volume (3.0× avg).
Summary
Neuronetics appointed Nir Naor as CFO effective July 23, 2026, with a $480,000 salary and 500,000 RSU inducement grant. Long-time CLO Andrew Macan will depart August 15, 2026, with a separation package exceeding $700,000. The leadership overhaul follows going-concern disclosures and activist investor activity.
Key Events · Executive and Board Changes · STIM
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New CFO Appointed
Effective July 23, 2026, Nir Naor steps in as EVP, CFO, and Treasurer, bringing over 20 years of finance and life sciences experience. Most recently, as CFO of Axogen, he helped steer the company to profitability and positive cash flow.
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CFO Compensation Package
Naor's compensation includes a $480,000 annual base salary, a discretionary bonus targeted at 50% of base, and a 500,000 RSU inducement grant that vests over four years.
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Chief Legal Officer Departure
W. Andrew Macan, EVP, Chief Legal Officer, and Corporate Secretary, will step down effective August 15, 2026. His separation agreement provides a $475,087.50 severance payment, a $231,750 retention bonus, and accelerated vesting of 164,361 RSUs.
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Greenbrook GM Promotion Reiterated
As previously disclosed in a June 23, 2026 8-K, Cory Anderson was promoted to EVP and General Manager, Greenbrook, effective July 1, 2026.
Analysis · STIM · Industrial Applications And Services
Neuronetics appointed Nir Naor as CFO, bringing a seasoned life sciences finance executive with a track record of driving profitability and cash flow at Axogen. His compensation includes a $480,000 salary, 50% target bonus, and a 500,000 RSU inducement grant — a significant equity package for a company with a $140 million market cap. The departure of long-time CLO Andrew Macan, with a separation agreement worth over $700,000 in cash and RSU vesting, adds to the leadership transition. These changes come against a backdrop of going-concern warnings and recent activist accumulation, making the new CFO's capital allocation and balance sheet skills critical.
At the time of this filing, STIM was trading at $2.00 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $140.6M. The 52-week trading range was $0.80 to $4.85. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.