ADES appoints Robert Rasmus as CEO; he buys 950k shares and receives equity inducement awards

Arq, Inc.

Rasmus succeeds Greg Marken as President and CEO effective July 17, 2023; Marken to stay through Aug 28.
Rasmus purchased 950k shares at ~$1.90/share for $1.8M under a Subscription Agreement.
Granted inducement options for 1M shares at $3.00 strike, vesting ratably over 3 years.
Granted 400k performance RSUs: 250k vest at $10 VWAP, 150k at $15 VWAP within 3 years.
Rasmus has base salary of $50k, target bonus 100% of salary, and $125k sign-on bonus.

item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

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

Departed

Greg Marken

President and Chief Executive Officer

ARQ · Arq, Inc.

Effective: 2023-07-17
Successor: Robert Rasmus
Filed: July 17, 2023, 7:59 PM ET

the Company’s Board of Directors (the "Board") appointed Mr. Rasmus to succeed Greg Marken as the Company’s President and Chief Executive Officer effective July 17, 2023

Appointed

Robert Rasmus

Board member

ARQ · Arq, Inc.

Effective: 2023-07-17
Filed: July 17, 2023, 7:59 PM ET

The Board also increased the size of the Board to eight directors and appointed Mr. Rasmus to fill the vacancy as a Board member, effective as of the Effective Date.

Appointed

Robert Rasmus

President and Chief Executive Officer

ARQ · Arq, Inc.

Effective: 2023-07-17
Filed: July 17, 2023, 7:59 PM ET

the Company’s Board of Directors (the "Board") appointed Mr. Rasmus to succeed Greg Marken as the Company’s President and Chief Executive Officer effective July 17, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg Marken departed as President and Chief Executive Officer at Arq, Inc..

Action: succeeded
Role: President and Chief Executive Officer

Exact text from the filing

the Company’s Board of Directors (the "Board") appointed Mr. Rasmus to succeed Greg Marken as the Company’s President and Chief Executive Officer effective July 17, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Rasmus was appointed as Board member at Arq, Inc..

Action: appointed
Role: Board member

Exact text from the filing

The Board also increased the size of the Board to eight directors and appointed Mr. Rasmus to fill the vacancy as a Board member, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Rasmus was appointed as President and Chief Executive Officer at Arq, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Company’s Board of Directors (the "Board") appointed Mr. Rasmus to succeed Greg Marken as the Company’s President and Chief Executive Officer effective July 17, 2023

View on SEC.gov

Arq, Inc. filing history →

Source: SEC EDGAR

accession 0001515156-23-000092

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