Waste Connections, Inc. (TSE:WCN) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
See Item 7.01 below.
Item 7.01 Regulation FD Disclosure.
On April 26, 2017, Waste Connections, Inc., a corporation
organized under the laws of Ontario, Canada (Waste Connections or
the Company), issued a press release announcing its first quarter
2017 results. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
The information furnished in Items 2.02 and 7.01 is not deemed
filed for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, is not subject to the liabilities of that
section, and is not deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended.
Item 8.01 Other Events.
Also on April 26, 2017, the Company issued a press release
announcing that its Board of Directors has approved the splitting
of the Companys common shares on a three-for-two basis (the Share
Split), pending approval of the proposed Share Split by the
Companys shareholders (the Shareholders) at the Companys Annual
and Special Meeting of Shareholders to be held on May 23, 2017.
The proposed Share Split is also subject to the requirements of
the Toronto Stock Exchange and the New York Stock Exchange.
Following approval by the Shareholders of the proposed Share
Split, the Company expects that Shareholders of record as of the
close of business on June 7, 2017, will receive from the Companys
transfer agent on June 16, 2017, one additional common share for
every two shares held.
The press release announcing the Share Split and related matters
is attached hereto as Exhibit 99.2 and is incorporated herein by
reference.
Safe Harbor and Forward-Looking Information
This document contains forward-looking statements within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995 (PSLRA) and
forward-looking information within the meaning of applicable
Canadian securities laws. These forward-looking statements are
neither historical facts nor assurances of future performance and
reflect Waste Connections current beliefs and expectations
regarding future events and operating performance. These
forward-looking statements are often identified by the words may,
might, believes, thinks, expects, intends or other words of
similar meaning. All of the forward-looking statements included
in this document are made to the safe harbor provisions of the
PSLRA and applicable Canadian securities laws. Forward-looking
statements involve risks and uncertainties. Forward-looking
statements in this document include, but are not limited to, our
ability to obtain the required shareholder and regulatory
approvals to complete the Share Split, statements about expected
2017 financial results, adjusted free cash flow, outlook and
related assumptions, and potential operating trends. Important
factors that could cause actual results to differ, possibly
materially, from those indicated by the forward-looking
statements include, but are not limited to, risk factors detailed
from time to time in filings that have been made by the Company
with the U.S. Securities and Exchange Commission and the
securities commissions or similar regulatory authorities in
Canada. You should not place undue reliance on forward-looking
statements, which speak only as of the date of this document.
Waste Connections undertakes no obligation to update the
forward-looking statements set forth in this document, whether as
a result of new information, future events, or otherwise, unless
required by applicable securities laws.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. |
| 99.1 |
Press Release, dated April 26, 2017, issued by Waste Connections, Inc. |
| 99.2 |
Press Release, dated April 26, 2017, issued by Waste Connections, Inc. |
About Waste Connections, Inc. (TSE:WCN)
Waste Connections Inc, formerly Progressive Waste Solutions Ltd, is a Canada-based waste management company. The Company provides waste collection, recycling and disposal services to commercial, industrial, municipal and residential customers in over 10 states in the United States, and the District of Columbia, and in over six Canadian provinces. The Company operates through three segments: the East, the West and the North. The business segments are vertically integrated and their operations include the collection and disposal of waste and recyclable materials, transfer station operations, material recovery facilities, landfills and landfill gas to energy facilities. The Company offers various solutions for business, residential and public sector. The Company offers commercial, industrial and manufacturing, construction and demolition, and Leadership in Energy and Environmental Design (LEED) services, among others for business. Waste Connections, Inc. (TSE:WCN) Recent Trading Information
Waste Connections, Inc. (TSE:WCN) closed its last trading session down -0.85 at 121.52 with 95,170 shares trading hands.