8-KRegulation FDOther EventsExhibits & Filings

WASTE MANAGEMENT INC 8-K Report, Regulation FD Disclosure (May 24, 2006)

Filed May 24, 2006For Securities:WM

Summary

Waste Management, Inc. (WM) filed an 8-K on May 24, 2006, primarily to disclose upcoming investor presentations and a prospectus supplement. The company's senior leadership team is scheduled to present at two significant financial conferences: the Credit Suisse First Boston Engineering and Environmental Services Conference on June 1, 2006, and the JP Morgan Basics and Industrials Conference on June 6, 2006. These presentations offer investors an opportunity to hear directly from management regarding the company's strategy and performance. Additionally, the filing reports the issuance of a prospectus supplement related to the exercise of an outstanding warrant, resulting in the registration of 8,139 shares of common stock. This action is routine for companies with outstanding warrants or options and signifies the potential dilution, though the number of shares is relatively small. The legal opinion concerning this stock issuance is also being filed as an exhibit.

Key Highlights

  • 1Waste Management to present at Credit Suisse First Boston Engineering and Environmental Services Conference on June 1, 2006.
  • 2Waste Management to present at JP Morgan Basics and Industrials Conference on June 6, 2006.
  • 3Presentations will feature key executives including CEO David Steiner, COO Larry O'Donnell, and CFO Bob Simpson.
  • 4Simultaneous webcasts and presentation materials will be available on the company's investor relations website.
  • 5Company filed a prospectus supplement to register 8,139 shares of common stock upon exercise of an outstanding warrant.
  • 6A legal opinion related to the stock issuance is filed as an exhibit.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide timely disclosure to investors about upcoming investor relations activities and a specific event related to share issuance. It announces the company's participation in two major financial conferences and the filing of a prospectus supplement for the issuance of common stock upon warrant exercise.

Simultaneous webcasts of the presentations and related materials will be posted on Waste Management's website (www.wm.com) in the Investor Relations section. A web replay will also be available on the website for two weeks following the presentations.

The prospectus supplement indicates that Waste Management is registering 8,139 shares of its common stock that will be issued upon the exercise of an existing warrant. This is a procedural step to ensure these shares are properly registered for trading. While it represents potential dilution, the number of shares is relatively small in the context of the total outstanding shares.

At the Credit Suisse conference, David Steiner (CEO), Larry O’Donnell (President and COO), and Bob Simpson (CFO) will present. At the JP Morgan conference, David Steiner (CEO) and Cherie Rice (VP - Finance and Treasurer) will present.