-----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, R533UWSIHP4xdk2pUUePxY2N+wRWk3Q5AE+63tlyFwQa0ZRSaTN4sWkJhgiLe53c 1b9jyIFpE/6/qhoP29HLOg== 0001015402-02-002582.txt : 20020812 0001015402-02-002582.hdr.sgml : 20020812 20020809181042 ACCESSION NUMBER: 0001015402-02-002582 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020808 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ECOLOGY CORP CENTRAL INDEX KEY: 0000742126 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 953889638 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11688 FILM NUMBER: 02725597 BUSINESS ADDRESS: STREET 1: 805 W IDAHO STREET 2: STE 200 CITY: BOSIE STATE: ID ZIP: 83702 BUSINESS PHONE: 2083318400 MAIL ADDRESS: STREET 1: 805 W IDAHO STREET 2: STE 200 CITY: BOISE STATE: ID ZIP: 83702 8-K 1 doc1.txt UNITED STATES 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): August 8, 2002 AMERICAN ECOLOGY CORPORATION ---------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE 0-11688 95-3889638 -------- ------- ---------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification Number) Lakepointe Centre I, 300 E. Mallard, Suite 300 Boise, Idaho 83706 ------------ ----- (Address of principal executive offices) (Zip Code) (208) 331-8400 -------------- (Registrant's telephone number, including area code) ITEM 5. OTHER INFORMATION. On August 8, 2002, American Ecology Corporation issued a press release to announce that its wholly owned subsidiary, American Ecology Recycle Center, has resolved a long-standing Federal investigative matter. The press release, dated August 8, 2002, is attached as Exhibit 99 and incorporated by reference herein. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following exhibit is filed as part of this report: Exhibit 99 Press Release, dated August 8, 2002, entitled "AMERICAN ECOLOGY FULLY RESOLVES FEDERAL INVESTIGATION OF OAK RIDGE, TENNESSEE SUBSIDIARY" 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 thereunto duly authorized. AMERICAN ECOLOGY CORPORATION (Registrant) Date: August 9, 2002 By: ----------------------------- James R. Baumgardner Senior Vice President, Chief Financial Officer, Secretary and Treasurer 3 EXHIBIT INDEX Exhibit Description ------- ----------- 99 Press Release dated August 8, 2002 entitled "AMERICAN ECOLOGY FULLY RESOLVES FEDERAL INVESTIGATION OF OAK RIDGE, TENNESSEE SUBSIDIARY" 4 EX-99 3 doc2.txt EXHIBIT 99 NEWS RELEASE THURSDAY, AUGUST 8, 2002 Contact: Chad Hyslop (208) 331-8400 chyslop@americanecology.com www.americanecology.com - --------------------------- ----------------------- AMERICAN ECOLOGY FULLY RESOLVES FEDERAL INVESTIGATION ----------------------------------------------------- OF OAK RIDGE, TENNESSEE SUBSIDIARY ---------------------------------- BOISE, Idaho - Steve Romano, President and Chief Executive Officer of American Ecology Corporation [NASDAQ: ECOL], announced that subsidiary American Ecology Recycle Center (AERC) of Oak Ridge, Tenn. has fully resolved a longstanding investigation by the United States Attorney's Office for the Eastern District of Tennessee and other federal agencies. Today, attorneys representing AERC entered a guilty plea in United States District Court for the Eastern District of Tennessee to a single felony count of storing hazardous waste without the necessary permit at the subsidiary's Oak Ridge facility from 1997 to 2000. AERC also paid a $10,000 fine. The plea agreement recognizes the company's recent, voluntary contributions of $12,500 to the Tennessee Wildlife Resources Agency and $12,500 to the Tennessee Valley Authority Police to support environmental training and enforcement. "The past, improper management of these materials was an unacceptable departure from American Ecology's commitment to the highest standards of compliance with environmental regulations," Romano stated, adding "Today's plea agreement resolves all outstanding matters regarding these past practices." AERC purchased the Oak Ridge facility from Quadrex Corporation in 1994. In the months previous to purchasing the facility, a fire in a treatment process area at the facility resulted in the creation of contaminated liquid, which became AERC's responsibility with the acquisition. In 2000, AERC entered a Consent Agreement, paid a related $100,000 civil penalty 5 to the U.S. Environmental Protection Agency for storing hazardous material without a permit, and obtained the required permit. The waste was properly removed and disposed of in December 2000. "The senior managers responsible for the Oak Ridge subsidiary when this problem arose are no longer employed by the company," Romano added, concluding, "The final resolution of this long-standing legal matter demonstrates the Company's commitment to addressing environmental and regulatory issues in a responsible fashion." American Ecology Corporation, through its subsidiaries, provides radioactive, PCB, hazardous and non-hazardous waste services to commercial and government customers throughout the United States, such as nuclear power plants, steel mills, medical and academic institutions and petro-chemical facilities. This press release contains forward-looking statements based on current expectations, beliefs, and assumptions. Actual results and outcomes may differ materially from what is expressed herein and no assurance can be given that resolution of this or any legal matter will result in improved financial performance at the Oak Ridge facility. For information on risk factors that could cause actual results to differ from expectations or could adversely impact operations, please refer to American Ecology Corporation's Report on Form 10-K, and most recent Form 10-Q filed with the Securities and Exchange Commission. # 6 -----END PRIVACY-ENHANCED MESSAGE-----