Waste Management Enters Material Definitive Agreement

Ticker: WM · Form: 8-K · Filed: 2024-05-10T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation

Related Tickers: WM

TL;DR

WM just signed a big deal, expect financial moves.

AI Summary

Waste Management, Inc. entered into a material definitive agreement on May 8, 2024, related to a direct financial obligation. The company, previously known as USA Waste Services Inc., is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This filing indicates a significant financial commitment or obligation for Waste Management, Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

Waste Management, Inc. (company) — Registrant
USA Waste Services Inc. (company) — Former company name
May 8, 2024 (date) — Date of earliest event reported

FAQ

What type of material definitive agreement did Waste Management, Inc. enter into?

The filing states that the agreement relates to a 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.

When was the earliest event reported in this 8-K filing?

The earliest event reported was on May 8, 2024.

What is Waste Management, Inc.'s principal executive office address?

The principal executive offices are located at 800 Capitol Street, Suite 3000, Houston, Texas 77002.

Under which state is Waste Management, Inc. incorporated?

Waste Management, Inc. is incorporated in Delaware.

What was Waste Management, Inc.'s former company name?

The former company name was USA Waste Services Inc.

From the Filing

0001104659-24-059949.txt : 20240510 0001104659-24-059949.hdr.sgml : 20240510 20240510163249 ACCESSION NUMBER: 0001104659-24-059949 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20240508 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240510 DATE AS OF CHANGE: 20240510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASTE MANAGEMENT INC CENTRAL INDEX KEY: 0000823768 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 731309529 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12154 FILM NUMBER: 24935491 BUSINESS ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135126200 MAIL ADDRESS: STREET 1: 800 CAPITOL STREET, STE 3000 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: USA WASTE SERVICES INC DATE OF NAME CHANGE: 19920703 8-K 1 tm2412128d2_8k.htm FORM 8-K false 0000823768 WASTE MANAGEMENT INC 0000823768 2024-05-08 2024-05-08 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549   FORM  8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): May 8, 2024   Waste Management, Inc. (Exact Name of Registrant as Specified in Charter)   Delaware   1-12154   73-1309529 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   800 Capitol Street , Suite 3000 , Houston , Texas   77002 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone number, including area code: ( 713 ) 512-6200      (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.01 par value   WM   New York Stock Exchange   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.             Item 1.01         Entry into a Material Definitive Agreement   On May 8, 2024, Waste Management, Inc. (the “Company”) amended and restated its revolving credit agreement with a syndicate of banks signatory thereto and Bank of