Arq, Inc.

Arq, Inc. announced it will release its second quarter 2026 financial results and file its Quarterly Report on Form 10-Q after market close on Monday, August 10, 2026. A conference call to discuss the company's financial performance is scheduled for Tuesday, August 11, 2026, at 8:30 a.m. Eastern Time. Webcast and dial-in details, along with a supplemental investor presentation, will be available on the company's investor relations website.

Arq, Inc. announced the resignation of Stacia Hansen as its Chief Accounting Officer, effective June 12, 2026. In connection with her departure, Ms. Hansen entered into a Separation Agreement with the company, which became effective on June 30, 2026, following a statutory revocation period. Pursuant to the terms of this agreement, Ms. Hansen will receive a severance payment of $108,333. The agreement also includes standard provisions for release of claims and confidentiality.

Arq, Inc. announced the appointment of Peter Owino, 51, as its Interim Chief Accounting Officer, effective June 12, 2026. Mr. Owino, an accounting and finance consultant, will serve as the principal accounting officer until a successor is named. Concurrently, the Board designated Bob Rasmus, the Company's President and CEO, as the Interim Principal Financial Officer until Shimon Steinmetz assumes the Chief Financial Officer role around July 27, 2026.

Arq, Inc. held its 2026 Annual Meeting of Stockholders where several key proposals were approved. Stockholders voted to approve the 2026 Omnibus Incentive Plan, authorizing the issuance of up to 1,500,000 shares of common stock for various awards. Additionally, six directors were elected to the Board, executive compensation was approved on an advisory basis, and Baker Tilly US, LLP was ratified as the independent auditor. The Ninth Amendment to the Tax Asset Protection Plan was also approved.

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.

Arq, Inc. announced the appointment of Shimon Steinmetz as Executive Vice President and Chief Financial Officer, bringing over two decades of corporate finance and operational leadership experience. CEO Bob Rasmus stated that Steinmetz's expertise is crucial for strengthening operational efficiency and financial leadership as Arq executes its growth strategy. In connection with his appointment, Mr. Steinmetz will receive inducement equity awards consisting of 250,000 restricted stock awards and 150,000 performance share units. Additionally, Stacia Hansen resigned from her role as Chief Accounting Officer, effective June 12, 2026, with the company clarifying her departure was not due to any disagreements.

Arq, Inc. reported a 6.6% increase in revenue to $29.05 million for Q1 2026, but swung to a net loss of $0.84 million from a net income of $0.20 million in the prior year. The company also saw an operating loss of $0.98 million. Despite the loss, net cash provided by operating activities significantly improved to $0.06 million from a use of $5.80 million. Arq amended its revolving credit facility and received a waiver for financial covenants on its CTB Loan.

Arq, Inc. announced its Q1 2026 financial and operating results, reporting a 7% increase in revenue to $29.1 million, while net loss was $0.8 million compared to net income in the prior year. Adjusted EBITDA also saw a decline to $2.7 million. The company reaffirmed its full-year 2026 guidance and noted progress on its GAC strategic optimization review, with initial results anticipated by Q3 2026. Additionally, board and management ownership increased to over 20% following recent share purchases.

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.

Arq, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 10, 2026, at 9:00 a.m. Mountain Time. Stockholders will vote on the election of six directors, advisory approval of executive compensation, ratification of Baker Tilly US, LLP as the independent auditor, approval of the 2026 Omnibus Incentive Plan, and approval of the Ninth Amendment to the Tax Asset Protection Plan. The record date for voting is April 14, 2026.