01—Abstract
Summary
Summary of the 8-K filed August 5, 2025. Cited figures are marked; the original filing is the authoritative source.
Waste Connections, Inc. filed this Current Report on Form 8-K dated August 5, 2025 to disclose a leadership change and a related compensation arrangement.
On July 31, 2025, the Company named Jason Craft as Executive Vice President and Chief Operating Officer, effective August 9, 2025. Mr. Craft, age 50, succeeds Darrell W. Chambliss, whose retirement from the role the Company had previously announced.
Mr. Craft currently serves as Regional Vice President – Southern Region and has been with the Company since 2003. Under a letter agreement dated August 4, 2025 with Waste Connections US, Inc. under the Company's Separation Benefits Plan, Mr. Craft's annual base salary will be $500,000,a with a target annual bonus of 100% of base salary. He will be eligible for equity awards at levels determined by the Board or Compensation Committee, with the target annual award value expected to equal 225% of his base salary on the grant date.
The filing states there are no arrangements under which he was selected, no family relationships with directors or executive officers, and no related-person transactions requiring disclosure under Item 404(a) of Regulation S-K. For investors, the filing is primarily a management succession and compensation disclosure rather than a financial update.
It contains no financial results or guidance. The key items are the identity of the incoming operations leader and the defined pay structure tied to his new role.
02—Key points
Key Highlights
- Jason Craft named Executive Vice President and Chief Operating Officer, effective August 9, 2025
- Craft succeeds Darrell W. Chambliss, whose retirement was previously announced by the Company
- Craft, age 50, currently serves as Regional Vice President – Southern Region and has been with the Company since 2003
- Annual base salary set at $500,000 under the Craft Letter Agreement dated August 4, 2025
- Target annual bonus of 100% of base salary
- Target annual equity award value expected to equal 225% of base salary on the grant date
- No family relationships or related-person transactions requiring Item 404(a) disclosure
03—Questions
Frequently Asked Questions
Who is replacing Darrell Chambliss as COO?
The Company has named Jason Craft, currently Regional Vice President – Southern Region, as Executive Vice President and Chief Operating Officer, effective August 9, 2025. The filing states that Chambliss's retirement from the role was previously announced.
What is Jason Craft's compensation under the new role?
Under a letter agreement dated August 4, 2025, his annual base salary will be $500,000 with a target annual bonus of 100% of base salary. He is also eligible for equity awards, with the target annual amount expected to equal 225% of base salary on the grant date.
How long has Jason Craft been with Waste Connections?
The filing states that Mr. Craft has been with the Company since 2003.
Was Craft's selection tied to any special arrangement or relationship?
The filing states there are no arrangements or understandings between Mr. Craft and any other person under which he was selected, and he has no family relationship with any director or executive officer. It also reports no transactions requiring disclosure under Item 404(a) of Regulation S-K.
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