secwatch.observer — SEC 8-K summary
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Issuer:     Arq, Inc. (ARQ)
CIK:        0001515156
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001515156-23-000092
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000092/0001515156-23-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1515156/000151515623000092/ades-20230714.htm
  HTML page:      https://secwatch.observer/filing/0001515156-23-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer