Waste Management Files 8-K

TL;DR

WM filed an 8-K, likely with important updates. Check for details.

AI Summary

Waste Management, Inc. filed an 8-K on September 10, 2024, to report other events and financial statements/exhibits. The filing does not contain specific details about the nature of these events or financial information within the provided text.

Why It Matters

This filing indicates that Waste Management, Inc. has submitted important corporate updates and financial information to the SEC, which could contain material information for investors.

Risk Assessment

Risk Level: low — The filing is a standard corporate disclosure without immediate negative or positive financial implications presented in the text.

Key Numbers

• 77002 — ZIP Code (Principal Executive Offices)
• 7135126200 — Phone Number (Registrant's Telephone number)

Key Players & Entities

• Waste Management, Inc. (company) — Registrant
• 0000823768 (company) — Central Index Key
• 731309529 (company) — IRS Employer Identification No.
• 1-12154 (company) — SEC File Number
• USA WASTE SERVICES INC (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value WM New York Stock Exchang
• $500 million — otes in exchange for any and all of the $500 million aggregate principal amount of the SRCL

Filing Documents

• tm2423683d1_8k.htm (8-K) — 35KB
• tm2423683d1_ex99-1.htm (EX-99.1) — 38KB
• 0001104659-24-098609.txt ( ) — 254KB
• wm-20240910.xsd (EX-101.SCH) — 3KB
• wm-20240910_lab.xml (EX-101.LAB) — 33KB
• wm-20240910_pre.xml (EX-101.PRE) — 22KB
• tm2423683d1_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. As previously announced, on June 3, 2024, Waste Management, Inc. (the "Company"), Stag Merger Sub Inc., an indirect wholly-owned subsidiary of the Company ("Merger Sub"), and Stericycle, Inc. ("Stericycle") entered into an Agreement and Plan of Merger (the "Merger Agreement") pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into Stericycle, and Stericycle will continue as the surviving company and an indirect, wholly-owned subsidiary of the Company (the "Merger"). On September 10, 2024, the Company announced that, in connection with the pending Merger, the Company is commencing a private exchange offer (the "Exchange Offer") and related consent solicitation (the "Consent Solicitation") with respect to the outstanding 3.875% Senior Notes due 2029 (the "SRCL Notes") issued by Stericycle. The Exchange Offer and the Consent Solicitation are being made upon the terms and conditions set forth in an exchange offer memorandum and consent solicitation statement dated September 10, 2024 (the "Offering Memorandum"), copies of which will be made available to holders of the SRCL Notes eligible to participate in the Exchange Offer ("Eligible Holders"). Pursuant to the Exchange Offer, the Company is offering to issue new notes in exchange for any and all of the $500 million aggregate principal amount of the SRCL Notes held by Eligible Holders. In addition, pursuant to the Consent Solicitation, the Company is soliciting consents on behalf of Stericycle from the Eligible Holders to amend the SRCL Notes and the related indenture under which they were issued to eliminate substantially all of the restrictive covenants, restrictive provisions and events of default, other than payment-related, guarantee-related and bankruptcy-related events of default. The Exchange Offer and Consent Solicitation are being made solely pursuant to the conditions set forth in the Offering Memorandum

, Item 1A of each company's most recently filed Annual Report on Form 10-K and subsequent reports on Form 10-Q,

Part I, Item 1A of each company's most recently filed Annual Report on Form 10-K and subsequent reports on Form 10-Q, which are incorporated herein by reference, and in other documents that the Company or Stericycle file or furnish with the SEC. Except to the extent required by law, neither the Company nor Stericycle assume any obligation to update any forward-looking statement, including financial estimates and forecasts, whether as a result of future events, circumstances or developments or otherwise.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Index Exhibit Number Description 99.1 Press Release dated as of September 10, 2024. 104 Cover Page Interactive Data File ( embedded within the Inline XBRL document ).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. WASTE MANAGEMENT, INC. Date: September 10, 2024 By: /s/ Charles C. Boettcher Charles C. Boettcher Executive Vice President & Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR