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): January 1, 2015
Waste Management, Inc.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 1-12154 | 73-1309529 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| 1001 Fannin, Suite 4000 | ||
| Houston, Texas | 77002 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone number, including area code: (713) 512-6200
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 1, 2015, the Board of Directors of Waste Management, Inc. (the “Company”) elected Andrés Gluski as a member of the Board. Mr. Gluski’s committee memberships have not yet been determined.
Mr. Gluski, age 57, is currently president, chief executive officer and a member of the board of directors of The AES Corporation (NYSE: AES), a global company that owns and operates a diverse portfolio of electricity generation and distribution businesses that deliver energy to customers on five continents. Mr. Gluski previously served AES as chief operating officer from 2007 until 2011. Mr. Gulski also currently serves on the board of directors of the Council of the Americas and the Edison Electric Institute and is Chairman of AES Gener and AES Brasiliana. He is an appointed member of the President’s Export Council.
A copy of the news release relating to this disclosure is furnished herewith as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description of Exhibit
99.1 News release dated January 2, 2015.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| WASTE MANAGEMENT, INC. | ||||||
| Date: January 2, 2015 | By: | /s/ Courtney A. Tippy | ||||
| Courtney A. Tippy | ||||||
| Corporate Secretary | ||||||
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Exhibit Index
| Exhibit |
Description of Exhibit | |
| 99.1 | News release dated January 2, 2015 | |
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| FOR IMMEDIATE RELEASE
EXHIBIT 99.1
Waste Management, Inc. Elects Andrés Gluski to Board of Directors
| ||
| FOR MORE INFORMATION
Waste Management
Web site http://www.wm.com
Analysts Ed Egl 713.265.1656 eegl@wm.com
Media Toni Beck 713.394.5093 tbeck3@wm.com | ||
| HOUSTON — January 2, 2015 — Waste Management, Inc. (NYSE: WM) today announced that Andrés Gluski, president and chief executive officer of The AES Corporation (AES), one of the world’s largest independent power producers, was elected to its board of directors effective January 1st.
During his 14-year tenure at AES, Mr. Gluski has served in numerous global leadership roles. Prior to being named chief executive officer, Mr. Gluski served AES as chief operating officer from 2007 until 2011. Mr. Gluski’s career prior to joining AES also provided him with a broad range of experiences in both the public and private sectors, including serving as executive vice president of Corporate and Investment Banking in Grupo Santander at Banco de Venezuela, serving as an economist in the Treasury Department of the International Monetary Fund, and serving as Director General of the Venezuelan Ministry of Finance and Senior Economic Policy Advisor.
“Andrés has a diverse international business and finance background. His experience in managing growth opportunities while focusing on operational innovation and efficiency aligns with our strategic vision and will be a valuable resource to our board and our management. We are pleased to have him as part of our team,” said David P. Steiner, president and chief executive officer of Waste Management.
Mr. Gluski holds a Bachelor of Arts degree from Wake Forest University, a Masters of Arts in economics from the University of Virginia, and a PhD in international economics from the University of Virginia. He currently serves on the board of The AES Corporation, the Council of the Americas, and the Edison Electric Institute and is Chairman of AES Gener and AES Brasiliana. He is an appointed member of the President’s Export Council.
The election of Mr. Gluski brings the size of Waste Management’s board of directors to nine members, eight of whom are independent.
ABOUT WASTE MANAGEMENT
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of landfill-gas-to-energy facilities in the United States. The company’s customers include residential, commercial, industrial and municipal customers throughout North America. To learn more visit www.wm.com.
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