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 Date of Report (Date of earliest event reported): September 12, 2003 (September 10, 2003) PHILIP SERVICES CORPORATION (Exact name of registrant as specified in its charter) <Table> DELAWARE 0-30417 98-0131394 (State or other jurisdiction (Commission File (IRS Employer Identification No.) of incorporation) Number) 5151 SAN FELIPE, SUITE 1600, HOUSTON, TEXAS 77056 (Address of principal executive offices) (Zip Code) </Table> (713) 623-8777 (Registrant's telephone number, including area code) ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. 99.1 Press Release dated September 12, 2003 ITEM 9. REGULATION FD DISCLOSURE. On September 12, 2003, Philip Services Corporation ("PSC") issued a press release announcing that it has selected a winning acquirer pursuant to a plan sponsorship and bidding procedures order in its Chapter 11 bankruptcy case in the United States Bankruptcy Court for the Southern District of Texas. A copy of PSC's press release dated September 12, 2003 relating thereto is filed herewith as Exhibit 99.1 and is incorporated herein by reference. 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 duly authorized. PHILIP SERVICES CORPORATION Date: September 12, 2003 By: /s/ Michael W. Ramirez ---------------------------------------- Michael W. Ramirez Senior Vice President and Chief Financial Officer EXHIBIT INDEX <Table> <Caption> EXHIBIT NO. DOCUMENT - ----------- -------- 99.1 Press release dated September 12, 2003. </Table>