Neuronetics shareholder Chernett seeks board seat in push to maximize shareholder value - STIM News | RalliesNeuronetics shareholder Chernett seeks board seat in push to maximize shareholder value
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STIM• Chernett reaches understanding with Neuronetics on board representation
- Neuronetics reached an understanding with activist shareholder Jorey Chernett, its second-largest holder, setting a path for board representation.
- Chernett secured the right to recommend a new director, subject to customary board approvals.
- He also signaled support for management following discussions on the balance sheet and capital optimization.
- The company’s largest shareholder, Madryn Asset Management, reaffirmed its long-term conviction in the business.
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