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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
May 15, 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.
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On May 15, 1998, the registrant issued a press release announcing that the
registrant's Board of Directors has (i) adopted a new dividend policy, reducing
the registrant's regular quarterly dividend to $.01 per share, (ii) approved
management recommendations to terminate work on several initiatives, resulting
in an estimated pre-tax charge in the second quarter ranging from $70 million to
$90 million, and (iii) set July 22, 1998 as the date of a special meeting of the
registrant's stockholders to consider approval of the registrant's proposed
merger transaction with USA Waste Services, Inc. A copy of the press release
containing these announcements
is filed herewith as an exhibit and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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No financial statements or pro forma financial information are required to
be filed as a part of this report. The exhibit filed as part of this report is
listed in the Exhibit Index hereto.
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SIGNATURE
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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: May 18, 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 News Release dated May 15, 1998 issued by Waste Management, Inc.
*Exhibits not listed are inapplicable.
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