On March 25, 2024, based on a recent analysis of similarly situated companies, feedback from stockholders, and other considerations, the Board of Directors 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.
Neuronetics, Inc. a vertically integrated, commercial stage, medical technology and healthcare company. The Company’s NeuroStar Advanced Therapy (NeuroStar Therapy) is a non-drug, noninvasive treatment that can improve the quality of life for people suffering from neurohealth conditions. In addition to selling the NeuroStar Advanced Therapy System (NeuroStar System) and associated treatment sessions to customers, it operates Greenbrook treatment centers across the United States, offering NeuroStar Therapy for the treatment of major depressive disorder (MDD) and other mental health disorders. Spravato is offered to treat adults with treatment-resistant depression and depressive symptoms in adults with MDD with suicidal thoughts or actions. MDD is a recurrent disease and follows a fluctuating course over an individual’s lifetime. The Company provides more than 7.1 million treatments to over 1,95,000 patients.
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Global
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ESG MSCI
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