Arq, Inc. 8-K

What Happened
Arq, Inc. filed an 8-K disclosing separation and general release agreements with former Chief Operating Officer Jeremy “Deke” Williamson and former Chief Financial Officer Jay Voncannon. Both officers ceased serving in their officer roles on March 4, 2026 and remained employed through April 18, 2026. Each separation agreement became effective April 29, 2026 after the statutory revocation period and includes customary releases of claims.

Key Details

• Jeremy “Deke” Williamson: entitled to 12 months of base salary (~$361,500) paid bi‑weekly; accelerated vesting of 34,270 restricted shares; accelerated vesting of 49,736 performance share units (PSUs) with a potential payout of 0%–200% based on total shareholder return versus a peer group (to be calculated within 60 days); lump‑sum equal to 12 months of COBRA premiums.
• Jay Voncannon: continued to receive base salary and equity vesting through termination date, is entitled to accelerated vesting of 50,000 restricted shares, and will receive statutory COBRA benefits for 18 months.
• Both separation agreements include customary releases of claims. Agreements are filed as Exhibits 10.1 and 10.2 to the 8‑K (filed May 1, 2026; signed by CEO Robert Rasmus).

Why It Matters
These agreements finalize the company’s obligations to two senior executives and may create near‑term cash and non‑cash charges: a known cash obligation (~$361,500 plus COBRA-related payments for Williamson and statutory COBRA for Voncannon) and accelerated equity vesting (totaling tens of thousands of shares and up to 49,736 PSUs with a performance-based multiplier). For investors, the items to watch are the potential impact on reported compensation expense, share dilution from accelerated equity, and any subsequent disclosure about permanent replacements or changes to the executive team.