-----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, G6VKSVYcAjBmEDzERAPMrCFFkPjH1mlOGtJGNIkdH8NQj7m7pYE/L1H7rDGumM6e brrz0ie00jii2jePHNXG0g== 0001015402-05-002974.txt : 20050611 0001015402-05-002974.hdr.sgml : 20050611 20050608105321 ACCESSION NUMBER: 0001015402-05-002974 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050608 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050608 DATE AS OF CHANGE: 20050608 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: 05884224 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 body.txt AMERICAN ECOLOGY CORP. 8-K 06-08-2005 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): June 8, 2005 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) 1 ITEM 8.01. OTHER EVENTS On June 8, 2005, the Company issued a press release entitled "AMERICAN ECOLOGY ANNOUNCES AWARD OF TRANSPORT, TREATMENT AND DISPOSAL CONTRACT". The press release, dated June 8, 2005, is attached as Exhibit 99 and incorporated by reference herein. Exhibit 99 Press Release, dated June 8 2005, entitled "AMERICAN ECOLOGY ANNOUNCES AWARD OF TRANSPORT, TREATMENT AND DISPOSAL CONTRACT" 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: June 8, 2005 By: /S/ James R. Baumgardner -------------------------------- James R. Baumgardner Senior Vice President, Chief Financial Officer, Secretary and Treasurer 3 EXHIBIT INDEX Exhibit Description - ---------- ----------------------------------------------------------------- Exhibit 99 Press Release dated June 8, 2005 titled "AMERICAN ECOLOGY ANNOUNCES AWARD OF TRANSPORT, TREATMENT AND DISPOSAL CONTRACT" 4 EX-99 2 ex99.txt EXHIBIT 99 EXHIBIT 99 NEWS RELEASE For Immediate Release Contact: Chad Hyslop or Jim Baumgardner (208) 331-8400 info@americanecology.com www.americanecology.com - ------------------------ ----------------------- AMERICAN ECOLOGY ANNOUNCES AWARD OF TRANSPORT, TREATMENT AND DISPOSAL CONTRACT BOISE, IDAHO, JUNE 8, 2005 - American Ecology Corporation [NASDAQ:ECOL] today announced that Honeywell International Inc. has awarded the Company a contract to transport, treat, and dispose of contaminated soils from a site in Jersey City, New Jersey. Initial engineering studies estimate that approximately 1 million tons of chromite ore processing residues will require offsite treatment and disposal. Depending on the volume of material shipped off-site and its ability to successfully perform under the contract, the Company estimates revenue in the range of $175 to $240 million over a 4 to 5 year period. "We are very pleased that Honeywell has chosen American Ecology for the safe, environmentally sound, cost effective transportation, treatment and disposal of material from this important clean-up project" stated American Ecology President and Chief Executive Officer Stephen Romano. Under the terms of the contract, American Ecology will treat and dispose of the contaminated soil at Company owned hazardous waste disposal facilities. The award specifies that American Ecology will receive substantially all of the waste shipped offsite from the cleanup site over the next four to five years, subject to applicable contract conditions. The Company plans to expand its facilities and increase rail transport capabilities at an estimated cost of up to $12 million. Off-site disposal of the material is expected to begin in the second or third quarter of 2005. A significant portion of the revenue derived from the contract will include value added transportation services. As a result, management expects that while revenue dollars will increase, the Company's gross margin relative to revenue will decrease. "This contract award is a solid indication that our strategy of bundling transportation with treatment and disposal services to increase operating income is succeeding," Romano concluded. American Ecology Corporation, through its subsidiaries, provides radioactive, PCB, hazardous, and non-hazardous waste services to commercial and government customers throughout the United 1 States, such as nuclear power plants, steel mills, medical and academic institutions and petro-chemical facilities. Headquartered in Boise, Idaho, the Company has disposal facilities in Idaho, Nevada, Washington and Texas, and is the oldest radioactive and hazardous waste services company in the United States. This press release contains forward-looking statements that are based on management's current expectations, beliefs, and assumptions about the industry and markets in which American Ecology Corporation and its subsidiaries operate. Actual results may differ materially from what is expressed herein and no assurance can be given that Honeywell will authorize off-site shipment of the projected waste volumes, or that the Company will satisfactorily perform under the terms of the contract, cost effectively procure the range of subcontract services required to meet its contractual obligations, or successfully execute its overall business plan going forwardFor information on other factors that could cause actual results to differ from expectations, please refer to American Ecology Corporation's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. ### 2 -----END PRIVACY-ENHANCED MESSAGE-----