1 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------------ Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ------------------------------------ NOVEMBER 18, 1998 (NOVEMBER 17, 1998) Date of Report (Date of earliest event reported) ------------------------------------ PHILIP SERVICES CORP. (Exact name of Registrant as specified in its charter) ONTARIO 0-20854 NOT APPLICABLE (State or other (Commission File Number) (IRS Employer Identification jurisdiction) No.) of incorporation) 100 KING STREET WEST, P.O. BOX 2440, LCD1, HAMILTON, ONTARIO, CANADA L8N 4J6 (Address of principal executive offices, including zip code) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (905) 521-1600 N/A (Former name or former address, if changed since last report.) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 ITEM 5. OTHER EVENTS On November 17, 1998, Philip Services Corp. (the "Company") responded to a Schedule 13D filed by Carl Icahn of High River Limited Partnership. A copy of the Company's press release dated November 17, 1998 is set forth in Exhibit 99.1 to this report. EXHIBIT NUMBER DESCRIPTION - -------------- ----------- 99.1 Press release dated November 17, 1998 2 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto authorized. PHILIP SERVICES CORP. /s/ COLIN H. SOULE By: -------------------------------------- Executive Vice President and General Counsel Dated: November 18, 1998 3 4 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - -------------- ----------- 99.1 Press release dated November 17, 1998 4