Advanced Emissions Solutions details CEO Greg Marken's severance and advisor agreement

Arq, Inc.

Greg Marken transitioned out as President and CEO effective July 17, 2023, remains employee through Aug 28, 2023.
Severance includes accelerated vesting of 49,715 restricted shares and continued eligibility for pro rata PSUs: 2021: 25,941, 2022: 15,988, 2023: 19,834.
Advisor services agreement from Aug 28 to Sep 27, 2023 for up to 20 hours consulting with a $12,000 retainer.
Receipt of payments and benefits subject to execution and non-revocation of a separation agreement with release of claims.
No successor CEO announced; company continues with interim leadership from prior filing.

item 5.02 item 9.01

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Departed

Greg Marken

President and Chief Executive Officer

ARQ · Arq, Inc.

Effective: 2023-07-17
Filed: August 3, 2023, 7:59 PM ET

Greg Marken transitioned out of his position 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 changed role as President and Chief Executive Officer at Arq, Inc..

Action: transitioned out
Role: President and Chief Executive Officer

Exact text from the filing

Greg Marken transitioned out of his position as the Company’s President and Chief Executive Officer effective July 17, 2023

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Arq, Inc. filing history →

Source: SEC EDGAR

accession 0001515156-23-000111

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