Clean Harbors Appoints New CFO, Michael Scanlon

TL;DR

Clean Harbors names Michael Scanlon new CFO, starting Sept 3rd with $450k salary + stock.

AI Summary

Clean Harbors, Inc. announced on August 29, 2024, the appointment of Michael J. Scanlon as Senior Vice President and Chief Financial Officer, effective September 3, 2024. Scanlon will receive an annual base salary of $450,000 and is eligible for a discretionary annual bonus. He will also be granted 30,000 restricted stock units vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment and compensation, which is a routine corporate event.

Key Numbers

• $450,000 — CFO Base Salary (Annual compensation for Michael J. Scanlon.)
• 30,000 — RSUs Granted (Stock units awarded to the new CFO, vesting over three years.)

Key Players & Entities

• Clean Harbors, Inc. (company) — Registrant
• Michael J. Scanlon (person) — Appointed Senior Vice President and Chief Financial Officer
• $450,000 (dollar_amount) — Annual base salary for new CFO
• 30,000 (dollar_amount) — Restricted stock units granted to new CFO
• September 3, 2024 (date) — Effective date of CFO appointment
• August 29, 2024 (date) — Date of report

FAQ

From the Filing

0000822818-24-000037.txt : 20240903 0000822818-24-000037.hdr.sgml : 20240903 20240903084850 ACCESSION NUMBER: 0000822818-24-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240829 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240903 DATE AS OF CHANGE: 20240903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLEAN HARBORS INC CENTRAL INDEX KEY: 0000822818 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 042997780 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34223 FILM NUMBER: 241272264 BUSINESS ADDRESS: STREET 1: 42 LONGWATER DRIVE STREET 2: P.O. BOX 9149 CITY: NORWELL STATE: MA ZIP: 02061-9149 BUSINESS PHONE: 781-792-5000 MAIL ADDRESS: STREET 1: 42 LONGWATER DRIVE CITY: NORWELL STATE: MA ZIP: 02061-9149 8-K 1 clh-20240829.htm 8-K clh-20240829 0000822818 false 0000822818 2024-08-29 2024-08-29 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 29, 2024   CLEAN HARBORS, INC . (Exact name of registrant as specified in its charter)   Massachusetts 001-34223 04-2997780 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 42 Longwater Drive Norwell MA 02061-9149 (Address of Principal Executive Offices) (Zip Code)  Registrant’s telephone number, including area code ( 781 ) 792-5000   Not Applicable (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)) 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. ☐ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.01 par value CLH New York Stock Exchange Item 5.02.     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 3, 2024, Clean Harbors, Inc. (the “Company”) announced the expansion of the Company’s Board of Directors (the "Board") from eleven to thirteen members and the election of Co-Chief Executive Officers Michael Battles and Eric Gerstenberg to the Board, all effective immediately following the Company's board meeting on August 29, 2024. Prior to being appointed as Co-Chief Executive Officers in 2023, Mr. Battl