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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
February 24, 1998
Date of Report (Date of earliest event
reported)
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WASTE MANAGEMENT, INC.
(Exact name of registrant as specified in its
charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-7327 36-2660763
(Commission File Number) (IRS Employer
Identification No.)
3003 BUTTERFIELD ROAD, OAK BROOK, ILLINOIS 60523
(Address of principal executive offices) (Zip code)
(630) 572-8800
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On February 24, 1998, the registrant issued a press release announcing,
among other things, (i) its financial results for the quarter and year ended
December 31, 1997, including a special charge and adjustments to expenses
resulting from the registrant's comprehensive examination of its operations and
accounting practices, (ii) restated earnings for the years 1992 through 1996 and
the first three quarters of 1997, (iii) new accounting policies and practices
including those related to landfill cost accounting and a new fleet management
strategy impacting vehicle and equipment depreciation, and (iv) its outlook as
to certain financial goals and operating matters. This press release included
Consolidated Selected Income Statement Data for the six years ended December 31,
1997. Certain data on this statement has been changed from the original release
that went out on February 24. The changes were to conform the 1996 amounts on
this statement to the Consolidated Statements of Income included in the release
and to reclassify 1995 amounts between "Costs and expenses" and "Asset
impairment loss" by $7.7 million.
On February 27, 1998, the registrant issued a press release providing
supplementary proforma unaudited financial data for the full year 1997.
Copies of the press releases containing these announcements are filed
herewith as exhibits and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
No financial statements or pro forma financial information are required to
be filed as a part of this report. The exhibits filed as part of this report are
listed in the Exhibit Index hereto.
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SIGNATURES
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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 thereunto duly authorized.
WASTE MANAGEMENT, INC.
By: /s/ Donald R. Chappel
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Donald R. Chappel
Vice President and Acting Chief Financial
Officer
Dated: February 27, 1998
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WASTE MANAGEMENT, INC.
EXHIBIT INDEX
Number and Description of Exhibit*
1. None
2. None
4. None
16. None
17. None
20. None
23. None
24. None
27. None
99.1 News Release dated February 24, 1998 issued by Waste Management, Inc.
99.2 News Release dated February 27, 1998 issued by Waste Management, Inc.
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*Exhibits not listed are inapplicable.
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