Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when STEM files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsStem stockholders approve 425,000-share equity plan expansion at 2026 annual meeting
Filed June 3, 2026 · Period ending June 3, 2026 · ~1 min read
Key Changes
-
medium
Stockholders approved expanding the 2024 Equity Incentive Plan by 425,000 shares and extending its term, passing with 81% support (1.6M for vs 388K against). This increases dilution potential for existing shareholders.
Item 5.07 verify on EDGAR → -
low
Three Class II directors (Ira Birns, Adam Daley, Anil Tammineedi) were elected to serve three-year terms until 2029, each receiving majority stockholder support with 1.8M-2.0M votes in favor.
Item 5.07 verify on EDGAR → -
low
Executive compensation received 94% stockholder approval in non-binding say-on-pay vote (1.9M for vs 129K against), indicating support for current pay practices.
Item 5.07 verify on EDGAR → -
low
RSM US LLP was ratified as independent auditor for fiscal 2026 with 96% approval (4.3M for vs 149K against), a routine annual confirmation.
Item 5.07 verify on EDGAR →
Summary
Stem held its 2026 Annual Meeting on June 3rd, where stockholders voted on standard governance matters.
The most material outcome was approval to expand the company's equity compensation plan by 425,000 shares—roughly an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount an undisclosed amount a 21% increase to the existing pool based on typical plan sizes.
While the vote passed with 81% support, this represents additional potential dilution for current shareholders as the company grants stock-based compensation to employees and executives. The other items were routine: three directors were re-elected to three-year terms, executive pay received strong approval in the advisory vote, and the auditor was ratified. These procedural votes had no immediate business impact. Retail investors should monitor how quickly Stem uses the expanded share pool over the next 12-18 months. Rapid utilization could signal aggressive hiring or retention efforts, while slower usage might indicate the company is simply maintaining flexibility. Watch quarterly filings for updates on outstanding equity awards and diluted share count trends.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
at the 2026 Annual Meeting, the Company’s stockholders approved the amendment and restatement of the Plan to increase the number of shares available for issuance by 425,000 shares and to extend the Plan term
Stockholders approved an amendment to the company's equity compensation plan at the 2026 Annual Meeting. The amendment increases the share reserve by 425,000 shares available for future equity grants and extends the plan's expiration date. This provides additional capacity for employee and executive compensation through stock-based awards.
Event · Item 9.01 — Financial Statements and Exhibits
Stem filed an amended equity incentive plan with no material business impact disclosed.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Stem, Inc. Second Amended and Restated 2024 Equity Incentive Plan.
The company filed its Second Amended and Restated 2024 Equity Incentive Plan as an exhibit. This is a routine filing documenting changes to the employee stock compensation plan, typically reflecting shareholder approval of plan amendments or increases to share reserves.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify