UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 3, 2020, each of Richard Burke and E. Renae Conley (together, the “Indemnitees”) were elected to the board of directors (the “Board”) of US Ecology, Inc. (the “Company”) as further described below. The Indemnitees entered into the Company’s standard form of indemnification agreement, which was previously filed by the Company as Exhibit 10.1 to the Company’s Form 8-K filed on November 12, 2014.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company’s annual meeting of stockholders (the “Annual Meeting”) was held on June 3, 2020. The Company’s stockholders approved each of the three proposals described in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 20, 2020 (the “Proxy Statement”).
The proposals below are described in the Proxy Statement. Of the 31,088,304 shares outstanding and entitled to vote, 26,924,217 shares were represented at the Annual Meeting in person or by proxy. The results for each of the matters submitted to a vote of stockholders at the Annual Meeting are as follows:
(i) Election of Directors – The following persons were elected as directors to hold office until the next annual meeting of stockholders or until their death, resignation or removal.
| Votes For | Votes Withheld | |
| Richard Burke | 24,160,815 | 322,305 |
| E. Renae Conley | 24,140,123 | 342,997 |
| Katina Dorton | 24,036,771 | 446,349 |
| Glenn A. Eisenberg | 22,489,438 | 1,993,682 |
| Jeffrey R. Feeler | 23,682,938 | 800,182 |
| Daniel Fox | 24,034,892 | 448,228 |
| Ronald C. Keating | 24,034,648 | 448,472 |
| John T. Sahlberg | 24,099,336 | 383,784 |
| Melanie Steiner | 24,167,261 | 315,859 |
(ii) Ratification of the Company’s Independent Registered Public Accounting Firm – The Company’s stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2020 fiscal year. The voting results were 26,605,269 shares “FOR,” 290,163 shares “AGAINST” and 28,785 shares “ABSTAIN.”
(iii) Advisory Vote on Executive Compensation – The Company’s stockholders approved by non-binding advisory vote the executive compensation of certain executive officers. The voting results were 23,367,281 shares “FOR,” 1,091,874 shares “AGAINST” and 23,965 shares “ABSTAIN.”
There were 2,441,097 broker non-votes with respect to the election of each director and approval by non-binding advisory vote of the executive compensation of certain officers. There were no broker non-votes with respect to the appointment of the independent registered public accounting firm.
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Item 8.01. Other Events.
On June 3, 2020, at which time more than a majority of the Company’s issued and outstanding shares had been voted in favor of each director standing for election, the Board held a regularly scheduled meeting at which Jeffrey R. Feeler was appointed Chairman of the Board and the following directors, each of whom are independent as defined by the applicable NASDAQ standards, were appointed to the respective committees identified below:
| Audit Committee | Corporate Governance Committee | Compensation Committee | Corporate Responsibility and Risk Committee |
| Glenn A. Eisenberg (Chair) | Daniel Fox (Chair) | John T. Sahlberg (Chair) | Melanie Steiner (Chair) |
| Richard Burke | E. Renae Conley | Richard Burke | Glenn A. Eisenberg |
| Katina Dorton | Ronald C. Keating | Katina Dorton | Daniel Fox |
| Melanie Steiner | Ronald C. Keating | John T. Sahlberg |
The Company’s Corporate Governance Guidelines provide that in the event the Chairman of the Board is an employee of the Company, the Chair of the Corporate Governance Committee shall serve as Lead Independent Director. Accordingly, because Jeffrey R. Feeler, the President and Chief Executive Officer of the Company, was appointed to the position of Chairman of the Board, Daniel Fox, Chair of the Corporate Governance Committee, shall serve as the Board’s Lead Independent Director.
Also effective June 3, 2020, the annual cash retainer paid to non-employee directors of the Board increased from $50,000 to $57,500 and the annual equity award increased from $75,000 to $112,500. In addition, the annual retainer paid to members of the Audit Committee, Compensation Committee and Corporate Governance Committee, $7,000, $5,000 and $5,000 respectively, was eliminated. There were no changes to the other annual retainers paid to non-employee directors, namely: $15,000 for the Lead Independent Director, $20,000 for the Audit Committee Chair, and $10,000 for each of the Compensation Committee, Corporate Governance Committee and Corporate Responsibility and Risk Committee Chairs.
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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 thereunto duly authorized.
| US Ecology, Inc. | |
| (Registrant) | |
| Date: June 9, 2020 | By:/S/ Eric L. Gerratt |
| Eric L. Gerratt | |
| Executive Vice President and Chief Financial Officer |
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