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0000823768 false 0000823768 2022-05-10 2022-05-10 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

 

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): May 10, 2022

 

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.)

 

800 Capitol Street, Suite 3000, 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))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.01 par value   WM   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

 

Item 5.07.Submission of Matters to a Vote of Security Holders.

 

At the Annual Meeting of Stockholders of Waste Management, Inc. (the “Company”) held on May 10, 2022, a total of 357,613,587 shares of the Company’s common stock, out of a total of 415,159,816 shares of common stock outstanding and entitled to vote, were present in person or represented by proxies. The proposals set forth below were voted on by the Company’s stockholders. Each of the director nominees was elected, and the Company’s stockholders approved proposals 2, 3 and 4.

 

1.Election to the Company’s Board of Directors of the following nine director nominees:

 

 

 

    Number of   Number of       Broker
Name   Affirmative Votes   Negative Votes   Abstentions   Non-Votes
James C. Fish, Jr.   312,571,901      773,932     400,258     43,867,496  
Andrés R. Gluski   306,644,597     6,651,904     449,590     43,867,496  
Victoria M. Holt   310,285,748     3,077,600     382,743     43,867,496  
Kathleen M. Mazzarella   309,443,398     3,917,924     384,769     43,867,496  
Sean E. Menke   312,300,573     1,028,143     417,375     43,867,496  
William B. Plummer   309,246,929     4,076,558     422,604     43,867,496  
John C. Pope   295,003,561     18,307,449     435,081     43,867,496  
Maryrose T. Sylvester   312,425,254     928,603     392,234     43,867,496  
Thomas H. Weidemeyer   293,119,057     20,193,662     433,372     43,867,496  

 

2.Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022:

 

For   Against   Abstentions
347,939,297   8,973,682   700,608

 

3.Approval, by non-binding vote, of the Company’s executive compensation as described in the Company’s 2022 proxy statement:

 

             
For   Against   Abstentions   Broker Non-Votes
283,324,803   29,499,757   921,531   43,867,496

 

4.Stockholder proposal regarding a civil rights audit, as described in the Company’s 2022 proxy statement:

 

             
For   Against   Abstentions   Broker Non-Votes
170,857,769   139,669,439   3,218,883   43,867,496

 

Item 8.01Other Events.

 

On May 13, 2022, the Company announced that it will redeem the entire outstanding principal amount of its 2.90% Senior Notes due 2022 (the “Notes”). The redemption date for the Notes is June 15, 2022 (the “Redemption Date”). The aggregate principal amount of the Notes outstanding is $500 million. The redemption price for the Notes is equal to 100% of the aggregate principal amount of the Notes, plus accrued and unpaid interest on the Notes to the Redemption Date.

 

Cautionary Note Regarding Forward-Looking Statements

 

This item contains forward-looking statements that involve risks and uncertainties. Factors that could cause actual results to differ materially from such forward-looking statements are discussed in the Company’s most recent Annual Report on Form 10-K and subsequent reports on Form 10-Q.

 

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, hereunto duly authorized.

 

  WASTE MANAGEMENT, INC.
   
     
Date: May 13, 2022 By: /s/ Charles C. Boettcher
    Charles C. Boettcher
    Executive Vice President, Corporate Development and Chief Legal Officer