US ECOLOGY, INC. (NASDAQ:ECOL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 2, 2018, the Board of Directors (“Board”) of US Ecology, Inc. (“Company”) appointed Glenn A. Eisenberg to the Board, increasing the number of directors from seven to eight. Mr. Eisenberg will serve in this role until the Company’s next Annual Meeting of Stockholders.
Mr. Eisenberg brings more than 30 years of financial and leadership experience with publicly traded companies. He is currently the Executive Vice President and Chief Financial Officer at Laboratory Corporation of America Holdings [NYSE; LH], a leading global life sciences company. Mr. Eisenberg previously served as Executive Vice President (Finance and Administration) at The Timken Company and held senior executive and leadership positions at United Dominion Industries and The Citizens and Southern Corporation. In addition to these executive leadership positions, Mr. Eisenberg served on the boards of two public companies; Family Dollar Stores, Inc. and Alpha Natural Resources, Inc. Mr. Eisenberg holds an MBA with a concentration in Finance from Georgia State University and a BA in Economics and Environmental Studies from Tulane University.
The Board has determined that Mr. Eisenberg satisfies the definition of “independent director” and all other requirements for service on any of the Board's three standing committees under the NASDAQ listing standards and applicable SEC requirements.
Mr. Eisenberg will participate in the Company’s non-employee director compensation program. Under this program, he will receive, on a pro-rated basis, cash compensation of $50,000 and a restricted equity award with a value equal to $75,000 that is subject to certain vesting restrictions.
7.01 Regulation FD Disclosure.
On February 5, 2018, the Company issued a press release announcing the appointment of Mr. Eisenberg to the Board. A copy of the press release is filed with this Form 8-K as Exhibit 99.1.
The information in this report (including Exhibit 99.1) being furnished to Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
9.01 Financial Statements and Exhibits.
(d) Exhibits.
US ECOLOGY, INC. ExhibitEX-99.1 2 usecology_8k-ex9901.htm NEWS RELEASE Exhibit 99.1 NEWS RELEASE For Immediate Release Contact: Alison Ziegler,…To view the full exhibit click here
About US ECOLOGY, INC. (NASDAQ:ECOL)
US Ecology, Inc. is a provider of environmental services to commercial and government entities. The Company offers treatment, disposal and recycling of hazardous, non-hazardous and radioactive waste, as well as a range of field and industrial services. The Company operates in two business segments: Environmental Services, and Field & Industrial Services. Its Environmental Services segment provides a range of hazardous material management services, including transportation, recycling, treatment and disposal of hazardous and non-hazardous waste at Company-owned landfill, wastewater and other treatment facilities. The Company’s Field & Industrial Services segment provides packaging and collection of hazardous waste and total waste management solutions at customer sites and through its transfer facilities. Its services include on-site management, waste characterization, transportation and disposal of non-hazardous and hazardous waste.
