-----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, S3ScBI8L5mWZ25jmzB9v3upiC5T60C+c9B2QlrExKYcu96Y7FaRPaYO7mP6nWuwE 0kK/V/lZfinByhZcPS2VvA== 0001012975-97-000251.txt : 19971113 0001012975-97-000251.hdr.sgml : 19971113 ACCESSION NUMBER: 0001012975-97-000251 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970925 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971113 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN DISPOSAL SERVICES INC CENTRAL INDEX KEY: 0000881655 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 133858494 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: SEC FILE NUMBER: 000-28652 FILM NUMBER: 97716272 BUSINESS ADDRESS: STREET 1: 745 MCCLINTOK DR STREET 2: SUITE 305 CITY: BURR RIDGE STATE: IL ZIP: 60521 BUSINESS PHONE: 7086551105 MAIL ADDRESS: STREET 1: 745 MCCLINTOCK DRIVE STREET 2: SUITE 305 CITY: BURR RIDGE STATE: IL ZIP: 60521 8-K/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 September 10, 1997 Date of Report (Date of earliest event reported) AMERICAN DISPOSAL SERVICES, INC. (Exact name of registrant as specified in its charter) Delaware 0-28652 13-3858494 (State or other jurisdiction Commission File Number I.R.S. Employer of incorporation or Identification organization) Number) 745 McClintock Drive, Suite 230, Burr Ridge, Illinois 60521 (Address of Principal Executive Offices) (708) 655-1105 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.) Item 2. Acquisition On September 10, 1997, America Disposal Services, Inc. (the "Company") acquired all of the outstanding shares of capital stock of Illinois Bulk Handlers, Inc. ("Bulk Handlers"), Shred-All Recycling Systems, Inc. ("Shred- All"), Fred B. Barbara Trucking Co., Inc. ("Trucking") and Environtech, Inc. ("Environtech", collectively with Bulk Handlers, Shred-All and Trucking, the "Barbara Companies") from Fred Barbara and certain related persons (the "Acquisition"). The Barbara Companies provide hauling, transfer, recycling and disposal services in the greater Chicago metropolitan area and include a collection company (with a fleet of 150 vehicles), a transfer station and recycling facility (capable of processing traditional recyclables, as well as tires, cement, wood pallets, aluminum scrap and other bulk materials), and a landfill consisting of approximately 326 acres (of which approximately 78 acres are permitted), having approximately 23 years of remaining site life at current average volumes. The Company acquired the outstanding shares of the Barbara Companies in exchange for a total initial payment of $58,500,000, of which $43,875,000 was paid in cash and the balance by delivery of 539,917 shares of the Company's common stock, par value $.01 per share (the "Common Stock"). The Company funded the cash portion of the initial purchase price with proceeds from the Company's credit facility. The purchase price is subject to increase (up to an aggregate of approximately $50,000,000) in the event that certain performance criteria are achieved. In general, any such purchase price increase is payable 75% in cash and 25% by delivery of shares of the Company's Common Stock. In connection with the Acquisition, Mr. Barbara entered into a five-year employment agreement with the Company (subject to renewal for up to an additional four years at the option of Mr. Barbara) to serve as an executive officer of the Barbara Companies. In addition, Mr. Barbara entered into a non-competition agreement with the Company (having a term extending two years beyond the termination of Mr. Barbara's employment agreement with the Company), as well as an agreement to lease to the Company a combination office, garage and storage facility. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statements of Business Acquired. Incorporated by reference to Registrant's Registration Statement on Form S-3 No. 333-28491. (b) Pro Forma Financial Information. Incorporated by reference to Registrant's Registration Statement on Form S-3 No. 333-28491. (c) Exhibits: None. 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 hereunto duly authorized. AMERICAN DISPOSAL SERVICES, INC. Date: As of September 23, 1997 By:/s/Richard De Young Richard De Young President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----