Arq, Inc. 8-K

What Happened

• Arq, Inc. (filed Form 8-K on June 18, 2026) announced that on June 14, 2026 it appointed Peter Owino (age 51) as Interim Chief Accounting Officer, effective June 12, 2026. Mr. Owino will serve as the company’s principal accounting officer until a successor is appointed.
• The company also designated its President and CEO, Bob Rasmus, as the principal financial officer on June 14, 2026 to serve in that role until Shimon Steinmetz begins as Chief Financial Officer on or about July 27, 2026 (previously disclosed).

Key Details

• Consulting agreement with Princeton Business Consulting (dated June 15, 2026) to provide Mr. Owino’s services: $350 per hour with a monthly cap of $63,000; agreement is indefinite but terminable by either party with 30 days’ notice.
• Mr. Owino is a licensed CPA with 20+ years’ experience (roles include Corporate Controller at Colliers Engineering & Design, Chief Accounting Officer at Merchant e-Solutions, Director at KPMG New York, and prior positions at Deloitte & Touche and Ernst & Young).
• The filing states there are no family relationships or related-party transactions requiring disclosure in connection with Mr. Owino’s appointment.

Why It Matters

• The appointment fills the company’s principal accounting officer role on an interim basis, restoring internal accounting leadership ahead of the planned CFO start date (around July 27, 2026). That can affect the company’s financial reporting continuity and internal controls (SOX) during the transition.
• The hourly consulting arrangement and monthly cap quantify the near-term cost of the interim accounting leadership ($350/hr, capped at $63,000/month), giving investors a clear view of expected consulting expense while the company transitions to a permanent accounting officer.