---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-23-000092"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:38:18.585651+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001515156-23-000092
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000092/0001515156-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000092/ades-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-23-000092
- JSON: https://secwatch.observer/filing/0001515156-23-000092.json
- Plain text: https://secwatch.observer/filing/0001515156-23-000092.txt

## Key facts
- Executive change
  Greg Marken departed as President and Chief Executive Officer at Arq, Inc..
  - Action: succeeded
  - Role: President and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000092/0001515156-23-000092-index.htm
- Executive change
  Robert Rasmus was appointed as Board member at Arq, Inc..
  - Action: appointed
  - Role: Board member
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000092/0001515156-23-000092-index.htm
- Executive change
  Robert Rasmus was appointed as President and Chief Executive Officer at Arq, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515623000092/0001515156-23-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.