Management ChangeMay 1, 2026, 05:01 PM
Arq Finalizes Separation Agreements for Former COO & CFO
AI Summary
Arq, Inc. finalized separation and general release agreements with its former Chief Operating Officer, Jeremy Williamson, and former Chief Financial Officer, Jay Voncannon. The agreements became effective on April 29, 2026, following the expiration of a statutory revocation period. Both executives had ceased serving in their roles on March 4, 2026, and remained employed until April 18, 2026. The agreements outline the severance benefits and accelerated equity vesting for each individual.
Key Highlights
- Jeremy Williamson (former COO) to receive 12 months base salary, approximately $361,500.
- Williamson's accelerated vesting includes 34,270 restricted shares and 49,736 performance share units.
- Williamson will also receive a lump sum payment for 12 months of COBRA premiums.
- Jay Voncannon (former CFO) to receive accelerated vesting of 50,000 restricted shares.
- Voncannon will also receive statutory COBRA benefits for 18 months.
Price Impact
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