-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WMttZHYPoT9p6GfqQmRvm7THrCitvsNCAi4uQYRowMRKKCU4obDKAEJHE5E3U+O0 401xKl/xBpqEjEdNdmXgNA== 0000950144-07-006334.txt : 20070703 0000950144-07-006334.hdr.sgml : 20070703 20070703142459 ACCESSION NUMBER: 0000950144-07-006334 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070629 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070703 DATE AS OF CHANGE: 20070703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASTE SERVICES, INC. CENTRAL INDEX KEY: 0001065736 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25955 FILM NUMBER: 07959862 BUSINESS ADDRESS: STREET 1: 1122 INTERNATIONAL BLVD., SUITE 601 CITY: BURLINGTON STATE: A6 ZIP: L7L 6Z8 BUSINESS PHONE: 9053191237 MAIL ADDRESS: STREET 1: 1122 INTERNATIONAL BLVD., SUITE 601 CITY: BURLINGTON STATE: A6 ZIP: L7L 6Z8 FORMER COMPANY: FORMER CONFORMED NAME: CAPITAL ENVIRONMENTAL RESOURCE INC DATE OF NAME CHANGE: 19990421 8-K 1 g08243e8vk.htm WASTE SERVICES, INC. Waste Services, Inc.
 

 
 
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) June 29, 2007
Waste Services, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction of
incorporation)
  000-25955
(Commission
File Number)
  01-0780204
(IRS Employer
Identification No.)
1122 International Blvd., Suite 601, Burlington, Ontario, Canada L7L 6Z8
(Address of principal executive offices)          (Zip Code)
Registrant’s telephone number, including area code (905) 319-1237
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Section 8 Other Events
     Item 8.01 Other Events.
     On June 29, 2007, Waste Services, Inc. announced that it had completed the simultaneous sale of its Texas operations and the acquisition of a transfer station and hauling company near Fort Myers, Florida with WCA Waste Corporation. In addition as part of the transaction, Waste Services also received $23.7 million in cash, and has agreed to pay a monthly amount of $125,000 to WCA for seven years in relation to the operation of the transfer station. A copy of the press release is furnished as an exhibit to this Form 8-K
Section 9 Financial Statements and Exhibits
     Item 9.01 Financial Statements and Exhibits.
(d)     Exhibits.
     99.1 June 29, 2007 Press Release.

2


 

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 SERVICES, INC.
 
 
  By:   /s/ Ivan R. Cairns    
    Ivan R. Cairns   
Date: June 29, 2007    Executive Vice President and General Counsel    
 

3

EX-99.1 2 g08243exv99w1.htm EX-99.1 PRESS RELEASE EX-99.1 Press Release
 

(WSI LOGO)
 
PRESS RELEASE
 
WASTE SERVICES ANNOUNCES
EXCHANGE OF ASSETS
Waste Services acquires WCA Ft. Myers transfer station, a WCA collection business
operating in Southwest Florida and receives $23.7 million in cash
WCA acquires Waste Services’ Texas assets
Waste Services to pay down debt
BURLINGTON, Ontario, June 29, 2007, PRNewswire — FirstCall — Waste Services, Inc. (Nasdaq: WSII) today announced that it has completed the simultaneous sale of its Texas operations and the acquisition of a transfer station and hauling company near Ft. Myers Florida with WCA Waste Corporation (Nasdaq: WCAA). Waste Services also received $23.7 million in cash in the transaction and has agreed to pay WCA a monthly amount of $125,000 for seven years in relation to the operation of the transfer station. Both parties have provided non-compete agreements for the respective market areas.
Waste Services intends to internalize all of the waste flow from the collection operation and transfer station in to its SLD landfill.
Waste Services has used $20 million of the cash proceeds to retire debt. The payments to WCA will be accounted for as new debt at the discounted present value of approximately $8.0 million.
David Sutherland-Yoest, Chairman and Chief Executive Officer of Waste Services, stated, “We are very pleased to have found another win-win situation that allows us to monetize the company’s Texas assets at maximum value to our shareholders and obtain assets in Florida that meet our strategic goal of increasing waste flow into our landfills. Our U.S. operations are now totally focused in Florida where we will continue our efforts to increase market density and improve margins and free cash flow through the vertical integration of waste collection, transfer and disposal operations.”
Waste Services, Inc., a Delaware corporation, is a multi-regional integrated solid waste services company that provides collection, transfer, disposal and recycling services in the United States and Canada. The company’s web site is http://www.wasteservicesinc.com. Information on the company’s web site does not form part of this press release.
For information contact:
Edwin D. Johnson
Executive Vice President and
   Chief Financial Officer
Waste Services, Inc.
561-237-3400

 

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