Arq Finalizes Severance for Former COO and CFO, Including Over $550K in Cash and Accelerated Equity

summarizeSummary

Arq, Inc. finalized separation agreements for its former COO and CFO, detailing severance packages that include over $550,000 in cash and accelerated equity vesting, following their departures in March and April.

check_boxKey Events

• Former COO Severance Package Finalized

  Jeremy Williamson, former COO, will receive approximately $361,500 in base salary, accelerated vesting of 34,270 restricted shares, and 49,736 performance share units, plus COBRA benefits.

• Former CFO Severance Package Finalized

  Jay Voncannon, former CFO, will receive accelerated vesting of 50,000 restricted shares.

• Agreements Effective

  The separation and general release agreements became effective April 29, 2026, formalizing the terms of their previously disclosed departures.

auto_awesomeAnalysis

This 8-K details the finalized separation agreements for former COO Jeremy Williamson and former CFO Jay Voncannon, whose departures were previously disclosed. The agreements, effective April 29, 2026, outline significant severance packages. Williamson will receive approximately $361,500 in base salary, accelerated vesting of 34,270 restricted shares, and 49,736 performance share units, plus COBRA premiums. Voncannon will receive accelerated vesting of 50,000 restricted shares. These severance costs, totaling over $550,000 in known value (excluding the variable performance share units), represent a notable expense for Arq, Inc., especially in light of its recent financial struggles, including a widened net loss and operational failures reported in its last 10-K. The finalization of these terms provides clarity on the financial impact of the executive transitions.