Business Context and Reporting Period
This Form 8-K filing by Arq, Inc. (ARQ) reports corporate governance changes effective June 12, 2026, with the report dated June 14, 2026. The filing details the appointment of an Interim Chief Accounting Officer and the temporary designation of the CEO as Principal Financial Officer.
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to executive compensation:
- Interim CAO Fee: $350 per hour.
- Monthly Cap: $63,000.
- Contract Term: Indefinite, terminable with 30 days' written notice.
Material Changes
The primary material change is the leadership transition within the finance function:
- Appointment of Interim CAO: Peter Owino was appointed Interim Chief Accounting Officer, effective June 12, 2026. He brings over 20 years of experience, including roles at KPMG, Deloitte, and Ernst & Young.
- Designation of Principal Financial Officer: Bob Rasmus (CEO) was designated as the Principal Financial Officer on June 14, 2026.
- Future CFO Start Date: Shimon Steinmetz is scheduled to commence employment as Chief Financial Officer on or around July 27, 2026.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of material risks and contingencies. It notes that Mr. Owino's appointment is not pursuant to any arrangement with other persons and discloses no family relationships or related party transactions requiring disclosure under Regulation S-K.
Investor Verification Checklist
- Verify the start date of Shimon Steinmetz as permanent CFO (expected July 27, 2026).
- Confirm the duration of the interim arrangement and potential impact on financial reporting timelines.
- Review the Definitive Proxy Statement (Schedule 14A) filed April 28, 2026, for full biographical details on Bob Rasmus.
- Monitor future filings for the permanent CFO appointment and any changes to the interim compensation structure.