secwatch / observer
8-K filed July 20, 2023, 7:59 PM ET CIK 0001730346
M&A confidence high sentiment neutral materiality 0.90

Charah Solutions, Inc.: M&A transaction — Charah Solutions completes going-private merger; stockholders receive $6.00 per share

Charah Solutions, Inc.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jonathan Batarseh

President and Chief Executive Officer
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
the following persons no longer hold a position as an officer of the Company: Mr. Batarseh as President and Chief Executive Officer and Mr. Skidmore as Chief Financial Officer and Treasurer
Departed

Mark Spender

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Departed

Robert Decensi

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Departed

Jack A. Blossman, Jr.

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Appointed

Sara Graziano

President
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Ms. Graziano as President and Mr. Smith as Secretary and Treasurer
Appointed

Christopher Smith

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Sara Graziano and Christopher Smith became directors of the Company
Departed

Robert C. Flexon

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Appointed

Christopher Smith

Secretary and Treasurer
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Ms. Graziano as President and Mr. Smith as Secretary and Treasurer
Departed

Timothy Alan Simon

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Departed

L.W. Varner, Jr.

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Departed

Mignon Clyburn

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Departed

Timothy J. Poché

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Departed

Skidmore

Chief Financial Officer and Treasurer
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
the following persons no longer hold a position as an officer of the Company: Mr. Batarseh as President and Chief Executive Officer and Mr. Skidmore as Chief Financial Officer and Treasurer
Departed

Jonathan Batarseh

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
Appointed

Sara Graziano

Director
Charah Solutions, Inc.
Effective
2023-07-13
Filed
July 20, 2023, 7:59 PM ET
Sara Graziano and Christopher Smith became directors of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Batarseh departed as President and Chief Executive Officer at Charah Solutions, Inc..

Action
no longer hold a position as an officer
Role
President and Chief Executive Officer
Exact text from the filing
the following persons no longer hold a position as an officer of the Company: Mr. Batarseh as President and Chief Executive Officer and Mr. Skidmore as Chief Financial Officer and Treasurer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Spender departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Decensi departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jack A. Blossman, Jr. departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Sara Graziano was appointed as President at Charah Solutions, Inc..

Action
became officer
Role
President
Exact text from the filing
Ms. Graziano as President and Mr. Smith as Secretary and Treasurer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Smith was appointed as Director at Charah Solutions, Inc..

Action
became director
Role
Director
Exact text from the filing
Sara Graziano and Christopher Smith became directors of the Company
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Robert C. Flexon departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Smith was appointed as Secretary and Treasurer at Charah Solutions, Inc..

Action
became officer
Role
Secretary and Treasurer
Exact text from the filing
Ms. Graziano as President and Mr. Smith as Secretary and Treasurer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy Alan Simon departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

L.W. Varner, Jr. departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Mignon Clyburn departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy J. Poché departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Skidmore departed as Chief Financial Officer and Treasurer at Charah Solutions, Inc..

Action
no longer hold a position as an officer
Role
Chief Financial Officer and Treasurer
Exact text from the filing
the following persons no longer hold a position as an officer of the Company: Mr. Batarseh as President and Chief Executive Officer and Mr. Skidmore as Chief Financial Officer and Treasurer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Batarseh departed as Director at Charah Solutions, Inc..

Action
ceased serving
Role
Director
Exact text from the filing
Effective as of, and immediately following, the Effective Time, in accordance with the Merger Agreement, Robert Decensi, Jonathan Batarseh, Jack A. Blossman, Jr., Mignon Clyburn, Robert C. Flexon, Timothy J. Poché, Timothy Alan Simon, Mark Spender and L.W. Varner, Jr. ceased serving as directors of the Company and members of their respective committees
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Sara Graziano was appointed as Director at Charah Solutions, Inc..

Action
became director
Role
Director
Exact text from the filing
Sara Graziano and Christopher Smith became directors of the Company
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Charah Solutions, Inc.: Amended and restated bylaws to reflect the name change (effective 2023-07-13).

Change
bylaw amendment
Effective
2023-07-13
Exact text from the filing
Effective that same date, the Company amended and restated its bylaws to reflect the name change.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Charah Solutions, Inc.: Amended and restated certificate of incorporation to change name of the company to Charah Solutions, Inc (effective 2023-07-13).

Change
charter amendment
Effective
2023-07-13
Exact text from the filing
On July 13, 2023, Acquisition Sub April 2023 Inc. amended and restated its certificate of incorporation to change its name to “Charah Solutions, Inc.” pursuant to the Merger Agreement whereby the Company continues as the surviving corporation in the Merger.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Charah Solutions, Inc. underwent a change of control involving Acquisition Parent 0423 Inc. for $6.00 per Share in cash (closed 2023-07-13).

Action
change of control
Counterparty
Acquisition Parent 0423 Inc.
Consideration
$6.00 per Share in cash
Closing
2023-07-13
Exact text from the filing
or (iii) Shares owned by holders who have properly exercised appraisal rights under Section 262 of the Delaware General Corporation Law) converted into the right to receive $6.00 per Share in cash, without interest (the “ Common Per Share Merger Consideration ”). In addition, at the Effective Time, each share of Series A Preferred Stock of the Company
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Charah Solutions, Inc. amended Amendment No. 3 to Term Loan Agreement with Gibbons Creek Environmental Redevelopment Group, LLC and Charah Preferred Stock Aggregator, LP valued at amends mandatory prepayment provisions, change of control provisions, extends maturity date to Decem (effective 2023-07-13).

Action
amendment
Agreement
credit facility
Counterparty
Gibbons Creek Environmental Redevelopment Group, LLC and Charah Preferred Stock Aggregator, LP
Value
amends mandatory prepayment provisions, change of control provisions, extends maturity date to Decem
Effective
2023-07-13
Exact text from the filing
On July 13, 2023, the Company entered into Amendment No. 3 to Term Loan Agreement (the “ Term Loan Amendment ”) by and among Gibbons Creek Environmental Redevelopment Group, LLC, a Texas limited liability company (the “ Borrower ”), the Company, Charah, LLC, a Kentucky limited liability company (“ Charah, LLC ”), certain subsidiaries of the Company, as guarantors, and Charah Preferred Stock Aggregator, LP, a Delaware limited partnership, as lender (the “ Lender ”), which amends that certain Term Loan Agreement, dated as of August 15, 2022, by and among the Borrower, the Company, Charah, LLC, certain subsidiaries of the Company party thereto and the Lender (the “ Term Loan Agreement ”).
View on SEC.gov

27 governance changes filed in the last 30 days. Browse all governance changes →

Source: SEC EDGAR
accession 0001140361-23-035286
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