8-K

 

 

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 12, 2016

 

 

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, 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.

On May 12, 2016, Mr. Don P. Carpenter gave notice of his decision to retire from his position as Vice President and Chief Accounting Officer of Waste Management, Inc. (the “Company”). The Company anticipates that Mr. Carpenter’s retirement from his current position will be effective October 28, 2016 (or, if later, the day after the Company shall file its Form 10-Q for the quarter ended September 30, 2016), after which date Mr. Carpenter will remain with the Company for such additional time as necessary to ensure an orderly transition of his responsibilities to his successor.

 

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

At the Annual Meeting of the Company held on May 12, 2016, a total of 401,579,541 shares of the Company’s common stock, out of a total of 444,639,871 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 at the Annual Meeting. Each of the director nominees listed under proposal 1 were elected, and the Company’s stockholders approved each of proposals 2 and 3. The Company’s stockholders did not approve stockholder proposal 4.

 

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

 

Name

   Number of
Affirmative Votes
     Number of
Negative Votes
     Abstentions      Broker
Non-Votes
 

Bradbury H. Anderson

     335,119,778         1,757,058         336,313         64,366,392   

Frank M. Clark, Jr.

     330,690,894         6,185,216         337,039         64,366,392   

A Andrés R. Gluski

     329,556,495         7,298,027         358,627         64,366,392   

Patrick W. Gross

     301,233,867         35,639,589         339,693         64,366,392   

Victoria M. Holt

     334,201,773         2,676,280         335,096         64,366,392   

Kathleen M. Mazzarella

     334,793,581         2,084,693         334,875         64,366,392   

John C. Pope

     331,180,729         5,701,983         330,437         64,366,392   

W. Robert Reum

     329,884,874         6,994,051         334,224         64,366,392   

David P. Steiner

     334,724,556         2,158,719         329,874         64,366,392   

Thomas H. Weidemeyer

     334,397,519         2,490,187         325,443         64,366,392   

 

  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, 2016:

 

For

 

Against

 

Abstentions

   
398,300,699   2,772,975   505,867  

 

  3. Approval, by non-binding vote, of the Company’s executive compensation as described in the Company’s 2016 proxy statement:

 

For

  

Against

  

Abstentions

  

Broker Non-Votes

324,313,634    11,751,991    1,147,524    64,366,392

 

  4. Stockholder proposal regarding a policy on accelerated vesting of equity awards in the event of a change in control.

 

For

  

Against

  

Abstentions

  

Broker Non-Votes

137,905,796    197,677,146    1,630,207    64,366,392

 

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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: May 16, 2016    
  By:  

/s/ Barry H. Caldwell

    Barry H. Caldwell
    Senior Vice President, Corporate Affairs & Chief Legal Officer

 

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