Arq, Inc. Appoints Chief Accounting Officer Peter Owino

What Happened
Arq, Inc. filed a Form 8-K reporting that on August 24, 2026 its board appointed Peter Owino as Chief Accounting Officer, effective September 1, 2026. The filing discloses his employment agreement (dated August 25, 2026), prior consulting arrangement, compensation, and severance terms. A press release announcing the appointment and related equity grant was issued on August 28, 2026.

Key Details

• Annual base salary: $350,000; eligible for a short-term incentive with a target bonus of 55% of base and a long-term incentive target of 75% of base.
• Equity inducement: 100,000 restricted stock awards granted outside the company’s 2026 Omnibus Incentive Plan, vesting in three equal installments on each of the first three anniversaries of his start date, subject to continued service.
• Severance if terminated without Cause or resigns for Good Reason (subject to a release): 12 months of continued base salary, payment of any short‑term incentive for the year based on actual performance, accelerated vesting of time-based equity awards and performance share units (based on actual performance through termination date), plus a lump-sum equal to 12 months of COBRA premiums.
• Background and prior engagement: Mr. Owino is a licensed CPA with 20+ years in accounting and SOX compliance; prior roles include Corporate Controller at Colliers Engineering & Design (2024–2026), Chief Accounting Officer of Merchant e-Solutions (2020–2022), and accounting advisory at KPMG (2015–2020). He previously served as Arq’s Interim Chief Accounting Officer under a consulting agreement through Princeton Business Consulting, for which the company paid approximately $200,000; consulting fees were $350/hour with a $63,000 monthly cap.

Why It Matters
This is a material leadership appointment for Arq’s finance function: the company now has a permanent principal accounting officer with public-company and SOX experience, and his employment terms include meaningful cash and equity incentives plus severance protections. Investors should note the size and structure of the compensation (base salary, bonus targets, and a 100,000-share inducement award) and the fact that he was previously engaged as a consultant, which the company disclosed with the related consulting payments.