STEM STEM, INC.

Price Chart

Executive Summary

Stem, Inc. held its 2026 Annual Meeting on June 3, 2026, with ~53% of shares represented. Stockholders approved all four proposals, including the re-election of three Class II directors, an advisory vote on executive compensation, ratification of RSM US LLP as auditor, and critically, the amendment and restatement of the 2024 Equity Incentive Plan to increase the share reserve by 425,000 shares and extend the plan term. This is a routine governance filing with no material financial impact — the equity plan increase provides additional compensation runway but represents potential dilution of approximately 0.5% of the current share count at a $90M market cap.

Actionable Insight

Key Facts

• Annual meeting held June 3, 2026 with 4,532,097 shares (~53% of outstanding) represented
• Stockholders approved amendment to 2024 Equity Incentive Plan, increasing authorized shares by 425,000 to a total Share Reserve of 594,941 shares
• All three Class II director nominees (Ira Birns, Adam E. Daley, Anil Tammineedi) were elected
• Non-binding advisory vote on named executive officer compensation passed with 1,891,571 votes for
• Ratification of RSM US LLP as independent auditor for FY2026 passed with 4,330,718 votes for
• Plan term extended to 10 years from stockholder approval date (June 3, 2026)

Financial Impact

Equity plan increase of 425,000 shares represents potential dilution of ~0.5% of current outstanding shares at a ~$90M market cap; no immediate cash impact

Risk Factors

• Potential future dilution from equity awards under the expanded plan
• Low shareholder turnout (~53%) may indicate limited retail/institutional engagement

Market Snapshot

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

US Market Status