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, 2017

 

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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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  o

 

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.  o

 

 

 



 

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

 

At the Annual Meeting of the Company held on May 12, 2017, a total of 391,906,226 shares of the Company’s common stock, out of a total of 441,798,677 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. With respect to proposal 4, the stockholders recommended that future non-binding advisory votes on executive compensation be conducted annually.  The Company’s stockholders did not approve stockholder proposal 5.

 

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

 

Bradbury H. Anderson

 

327,739,246

 

2,359,155

 

368,136

 

61,439,689

 

Frank M. Clark, Jr.

 

319,325,544

 

10,771,884

 

369,109

 

61,439,689

 

James C. Fish, Jr.

 

326,313,391

 

2,680,188

 

1,472,958

 

61,439,689

 

Andrés R. Gluski

 

317,749,572

 

12,327,958

 

389,007

 

61,439,689

 

Patrick W. Gross

 

321,790,427

 

8,297,051

 

379,059

 

61,439,689

 

Victoria M. Holt

 

326,906,647

 

3,194,017

 

365,873

 

61,439,689

 

Kathleen M. Mazzarella

 

327,101,905

 

3,012,773

 

351,859

 

61,439,689

 

John C. Pope

 

322,526,756

 

7,571,656

 

368,125

 

61,439,689

 

Thomas H. Weidemeyer

 

325,684,580

 

4,420,964

 

360,993

 

61,439,689

 

 

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, 2017:

 

For

 

Against

 

Abstentions

 

387,843,312

 

3,557,303

 

505,611

 

 

3.              Approval, by non-binding vote, of the Company’s executive compensation as described in the Company’s 2017 proxy statement:

 

For

 

Against

 

Abstentions

 

Broker Non-Votes

 

317,758,923

 

11,608,885

 

1,098,729

 

61,439,689

 

 

4.              Recommendation, by non-binding vote, of the frequency of future executive compensation votes:

 

1 Year

 

2 Years

 

3 Years

 

Abstentions

 

297,165,314

 

1,244,658

 

31,409,507

 

647,058

 

 

In light of these results, the Company will follow the Board of Directors’ recommendation to hold the non-binding advisory vote on executive compensation annually until the next stockholder vote on the frequency of such vote.

 

5.              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

 

113,938,914

 

214,807,096

 

1,720,527

 

61,439,689

 

 

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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, 2017

By:

/s/ Charles C. Boettcher

 

 

Charles C. Boettcher

 

 

Senior Vice President, Chief Legal Officer & Chief Compliance Officer

 

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