Arq, Inc. 8-K

What Happened

• Arq, Inc. (ARQ) filed an 8-K reporting that on May 26, 2026 its Board appointed Shimon Steinmetz, 48, as Executive Vice President and Chief Financial Officer, effective on or prior to July 27, 2026. The employment agreement is dated May 26, 2026 and Mr. Steinmetz will become the company’s principal financial officer upon his start date.
• The filing also notes that Stacia Hansen, the Company’s Chief Accounting Officer and Treasurer, submitted her resignation on May 20, 2026, with an expected effective date of June 12, 2026.
• The Company issued a press release on May 27, 2026 announcing these management changes.

Key Details

• Compensation: Mr. Steinmetz’s base salary is $500,000 per year; target short-term incentive is 50% of base; target long-term incentive is 80% of base.
• Equity inducements: 250,000 restricted stock awards (75,000 vest on year 2; 175,000 vest on year 3) and 150,000 performance share units (PSUs) that vest in three 50,000-tranches if 30-day VWAP reaches $8, $10, and $15 per share, respectively, before the third anniversary.
• Severance and protections: If terminated without Cause or resigning for Good Reason (per the agreement) and after signing a release, Mr. Steinmetz would receive 12 months of continued base salary, any earned short-term incentive for the year, accelerated vesting of time-based RSAs, accelerated vesting of PSUs based on actual performance through termination date, and a lump-sum equal to 12 months of COBRA premiums.
• Background: Mr. Steinmetz has 20+ years of finance experience, including interim CFO at Focal Point Care (since 2024), CFO of Vesta, senior director at Alvarez & Marsal (2017–2022), and prior roles at Finjan Holdings and in investment banking.

Why It Matters

• The appointment names the new finance leader who will be responsible for financial reporting and strategy once he assumes the principal financial officer role by July 27, 2026. The CFO transition timing is important for investors tracking upcoming filings and financial oversight.
• The disclosed compensation and equity awards indicate potential future dilution if awards vest, and the severance terms represent contractual cash obligations the company may incur under certain termination scenarios.
• The resignation of the Chief Accounting Officer on June 12, 2026 signals another near-term change in the finance team during the transition to the new CFO; investors should watch for any further staffing announcements or impacts on financial reporting.