0001140361-06-002695.txt : 20060221 0001140361-06-002695.hdr.sgml : 20060220 20060221080953 ACCESSION NUMBER: 0001140361-06-002695 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060217 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20060221 DATE AS OF CHANGE: 20060221 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: 06631069 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 form8-k.htm AMERICAN ECOLOGY 8-K 02-17-2006

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): February 17, 2006

AMERICAN ECOLOGY CORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE	0-11688	95-3889638
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer 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 5.02 Departure of Directors or Principal Officers

On February 17, 2006 the Company issued a press release titled “AMERICAN ECOLOGY ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER” disclosing that James R. Baumgardner has resigned his position as the Company’s Chief Financial Officer effective March 24, 2006.

A copy of the press release is attached as exhibit 99 and incorporated by reference herein.

Exhibit 99

Press Release, dated February 17, 2006, entitled “AMERICAN ECOLOGY ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER ”

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: February 17, 2006	By: /S/ James R. Baumgardner
	James R. Baumgardner
	Senior Vice President, Chief Financial Officer, Secretary and Treasurer

EXHIBIT INDEX

Exhibit	Description

Exhibit 99	Press Release, dated February 17, 2006, entitled “AMERICAN ECOLOGY ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER ”

EX-99 2 ex99.htm EXHIBIT 99 Exhibit 99

Exhibit 99

NEWS RELEASE

For Immediate Release

Contact: Chad Hyslop (208) 331-8400

info@americanecology.com www.americanecology.com

AMERICAN ECOLOGY ANNOUNCES RESIGNATION OF

CHIEF FINANCIAL OFFICER

Orderly Transition Underway Based on Existing Succession Plan

BOISE, Idaho, February 17, 2006 - American Ecology Corporation [NASDAQ: ECOL], today announced that Senior Vice President and Chief Financial Officer Jim Baumgardner has resigned to accept the position of Senior Vice President and Chief Financial Officer with SECOR International Inc., a national environmental engineering and consulting firm headquartered in Redmond, Washington.

Baumgardner will stay with American Ecology through March 24, 2006 to help ensure an orderly transition of his current duties. In keeping with an executive succession plan previously adopted by the Company’s Board of Directors, Vice President and Controller Michael Gilberg will be designated the Company’s principal accounting officer.

“During his six years with American Ecology Jim made a huge contribution to the Company’s successful turnaround effort and its subsequent outstanding financial performance,” commented American Ecology President and Chief Executive Officer Stephen Romano.

For 2005, American Ecology posted $19.4 million in income from operations, its strongest financial performance since becoming an independent public company twenty two years ago. Management also today reaffirms its 2006 guidance calling for the Company to generate net earnings between $0.72 and $0.82 per fully diluted share.

“While Jim will be missed, we have a solid organization, excellent business systems, an experienced senior management team, and a proven growth strategy,” Romano added, concluding “The American Ecology team looks forward to another strong year in 2006."

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. Headquartered in Boise, Idaho, American Ecology is the oldest radioactive and hazardous waste services Company in the United States.

This press release contains forward-looking statements that are based on our current expectations, beliefs, estimates and assumptions about American Ecology Corporation’s industry, markets and circumstances. Actual results may differ materially from what is expressed herein and no assurance can be given that the company will timely locate a successor Chief Financial Officer, successfully implement its business plan, meet its earnings guidance, generate future earnings or increase cash flow. For information on factors that could cause actual results to differ from expectations, 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.

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