Arq, Inc. Appoints New CEO, Dr. David Schanzer
Ticker: ARQ · Form: 8-K · Filed: Jun 13, 2024 · CIK: 1515156
| Field | Detail |
|---|---|
| Company | Arq, Inc. (ARQ) |
| Form Type | 8-K |
| Filed Date | Jun 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, ceo-appointment, board-of-directors
Related Tickers: ARQ
TL;DR
Arq, Inc. CEO Todd Becker out, Dr. David Schanzer (CTO) in as new CEO and Board member, effective June 10, 2024.
AI Summary
Arq, Inc. announced on June 10, 2024, the appointment of Dr. David Schanzer as Chief Executive Officer, succeeding Todd W. Becker. Dr. Schanzer, previously the Chief Technology Officer, will also join the Board of Directors. The company also reported the resignation of Mr. Becker from his roles as CEO and Board member, effective June 10, 2024.
Why It Matters
This leadership change at Arq, Inc. could signal a shift in strategic direction or operational focus under the new CEO, potentially impacting the company's future performance and stock value.
Risk Assessment
Risk Level: medium — CEO changes can introduce uncertainty regarding future strategy and execution, potentially affecting investor confidence and company performance.
Key Players & Entities
- Arq, Inc. (company) — Registrant
- Dr. David Schanzer (person) — Appointed CEO and Board Member
- Todd W. Becker (person) — Departing CEO
- June 10, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new CEO of Arq, Inc.?
Dr. David Schanzer has been appointed as the new CEO of Arq, Inc.
Who did Dr. David Schanzer succeed as CEO?
Dr. David Schanzer succeeded Todd W. Becker as CEO.
When did the leadership changes become effective?
The leadership changes became effective on June 10, 2024.
What other role will Dr. David Schanzer assume?
Dr. David Schanzer will also join the Board of Directors.
What was Dr. David Schanzer's previous role at Arq, Inc.?
Dr. David Schanzer was previously the Chief Technology Officer (CTO) at Arq, Inc.
Filing Stats: 874 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-06-13 16:28:41
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 per share ARQ Nasdaq Global Market In
Filing Documents
- ades-20240610.htm (8-K) — 67KB
- exhibit101-arqinc2024omnib.htm (EX-10.1) — 144KB
- 0001515156-24-000109.txt ( ) — 363KB
- ades-20240610.xsd (EX-101.SCH) — 2KB
- ades-20240610_lab.xml (EX-101.LAB) — 22KB
- ades-20240610_pre.xml (EX-101.PRE) — 13KB
- ades-20240610_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, stockholders considered and voted on five proposals, which are described in detail in the 2024 Proxy Statement. Set forth below are the matters the stockholders voted on and the final voting results. (1) Proposal: Election of eight directors to the Company's Board of Directors. Votes Director Name For Withheld Broker Non-Votes Laurie Bergman 11,809,872 632,467 5,858,002 Jeremy Blank 12,159,822 282,517 5,858,002 Richard Campbell-Breeden 12,063,807 378,532 5,858,002 Carol Eicher 11,829,329 613,010 5,858,002 Gilbert Li 11,779,979 662,360 5,858,002 Julian McIntyre 12,104,491 337,848 5,858,002 Robert Rasmus 12,163,039 279,300 5,858,002 L. Spencer Wells 12,006,312 436,027 5,858,002 (2) Proposal: Approval, on an advisory basis, of the Company's compensation paid to named executive officers, as disclosed in the 2024 Proxy Statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission (which includes the compensation tables and related narrative discussion). Votes For Against Abstain Broker Non-Votes 10,453,343 1,936,744 52,252 5,858,002 2 (3) Proposal: Ratification of the Audit Committee's selection of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Votes For Against Abstain Broker Non-Votes 18,000,084 275,063 25,194 N/A (4) Proposal: To approve the Arq, Inc., 2024 Omnibus Incentive Plan. Votes For Against Abstain Broker Non-Votes 12,049,952 364,117 28,270 5,858,002 (5) Proposal: To approve the Seventh Amendment to Tax Asset Protection Plan by and between the Company and Computer Share Trust Company, N.A., as rights agent. Votes For Against Abstain Broker Non-Votes 11,183,422 1,186,879 72,038 5,858,002
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Arq, Inc. 2024 Omnibus Incentive Plan 10.2 Seventh Amendment to Tax Asset Protection Plan dated as of April 15, 2024, by and between the Company and Computershare Trust Company, N.A., as rights agent, incorporated by reference to Exhibit 4.1 to the Company's report on Form 8-K filed April 16, 2024 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 13, 2024 Arq, Inc. Registrant /s/ Robert Rasmus Robert Rasmus Chief Executive Officer 4