Management ChangeMay 27, 2026, 04:37 PM

Arq Appoints Shimon Steinmetz as CFO; Stacia Hansen Resigns as CAO

AI Summary

Arq, Inc. announced the appointment of Shimon Steinmetz as its Executive Vice President and Chief Financial Officer, effective on or prior to July 27, 2026. Mr. Steinmetz brings over two decades of experience in finance, corporate restructuring, and executive management, including prior CFO roles at Finjan Holdings and Vesta. His compensation package includes a $500,000 annual base salary, target bonuses, and inducement equity awards totaling 250,000 restricted stock awards and 150,000 performance share units. Additionally, Stacia Hansen resigned from her role as Chief Accounting Officer and Treasurer, effective June 12, 2026, with her resignation not being due to any disagreement.

Key Highlights

Arq appointed Shimon Steinmetz as Executive VP and CFO, effective on or prior to July 27, 2026.
Mr. Steinmetz will receive an annual base salary of $500,000.
He is eligible for a short-term incentive target of 50% of base salary and long-term incentive target of 80% of base salary.
Inducement awards include 250,000 restricted stock awards (RSAs) and 150,000 performance share units (PSUs).
RSAs vest 75,000 on the second anniversary and 175,000 on the third anniversary of grant date.
PSUs vest in three 50,000 tranches when 30-Day VWAP reaches $8.00, $10.00, and $15.00.
Stacia Hansen resigned as Chief Accounting Officer and Treasurer, effective June 12, 2026.

View SEC Filing

ARQ

Major Chemicals

Arq, Inc.

Price Impact