8-K

 
                      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)
                                March 29, 1995

                         AMERICAN ECOLOGY CORPORATION
                         (Exact name of registrant as
                           specified in its charter)

 
    Delaware                      0-11688                 95-3889638
(State or other                 (Commission)            (IRS Employer
jurisdiction of                 File Number)            Identification
incorporation)                                              Number)


                          5333 Westheimer, Suite 1000
                           Houston, Texas 77056-5407
                   (Address of principal executive offices)

       Registrant's telephone number, including area code (713) 624-1900



 
ITEM 5. OTHER EVENTS

  On March 29, 1995, the Board of Directors of American Ecology Corporation (the
"Company") terminated the Shareholder Rights Plan of the Company established in 
December 1993 and authorized the redemption of all outstanding Rights issued 
under the Rights Plan. The redemption price for the Rights is $.01 per Right and
is payable on April 15, 1995 to stockholders of record as of close of business 
on April 10, 1995.

  A copy of the Company's press release relating to the termination of the 
Rights Plan is filed as Exhibit 1 hereto and is incorporated herein by 
reference.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

  The following is filed as an Exhibit:

       Exhibit Number        Description
       --------------        -----------
             1               Press Release of the Company dated March 30, 1995

                                  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.

                                  AMERICAN ECOLOGY CORPORATION


                                  By:     /s/ C. Clifford Wright, Jr.
                                     -----------------------------------
                                     C. Clifford Wright, Jr.
                                     Vice President and Chief Financial Officer

Dated: April 3, 1995

EX-99

 
AMERICAN ECOLOGY ANNOUNCES TERMINATION OF STOCKHOLDER RIGHTS PLAN, NAMES NEW 
DIRECTOR

(HOUSTON) March 30, 1995--American Ecology Corporation, a hazardous waste 
disposal and services company, today announced that its Board of Directors voted
to terminate the Company's Stockholder Rights Plan and to redeem all of the 
Plan's Common Stock Purchase Rights. The termination of the Plan was effective 
on March 29, 1995. The Rights will be redeemed for $.01 per Right, payable on 
April 15, 1995, to stockholders of record at the close of business on April 10, 
1995.

  Separately, the Board elected Jack J. Agresti to the Board of Directors, 
increasing the size of the board to nine members. Agresti is President and Chief
Executive Officer of Guy F. Atkinson Company, a nationally recognized firm 
involved with civil, industrial and building construction.

  American Ecology operates a chemical waste disposal facility in Nevada and two
in Texas. The Company also operates a low-level radioactive waste (LLRW) 
disposal facility in Washington, has received a license approval for a similar 
facility in California, has a license application pending for a LLRW disposal 
facility in Nebraska, and operates a LLRW processing facility in Tennessee. 
Services provided by the Company include waste packaging, transportation, 
consulting, pretreatment, disposal, fuels blending, recycling, and clean-up 
services. The Company's common stock trades on the Nasdaq Stock Market under the
symbol ECOL.