UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): February 13, 2003
AMERICAN ECOLOGY CORPORATION
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-11688 95-3889638
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
Lakepointe Centre I,
300 E. Mallard, Suite 300
Boise, Idaho 83706
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(Address of principal executive (Zip Code)
offices)
(208) 331-8400
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(Registrant's telephone number, including area code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On February 13, 2003, American Ecology Corporation issued a press release to
announce that its wholly owned subsidiary, Texas Ecologists, Inc. sold the El
Centro municipal waste landfill in Robstown, Texas to a subsidiary of Allied
Waste Industries, Inc. The press release, dated February 13, 2003, is attached
as Exhibit 99 and incorporated by reference herein. The El Centro Landfill had
revenues of $2,563,000 and net income of $466,000 for the year ending December
31, 2002.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits. The following exhibit is filed as part of this report:
Exhibit 10.70 Royalty Provisions of Purchase Agreement for El Centro
Landfill Dated February 13, 2003
Exhibit 99 Press Release, dated February 13, 2003, entitled "AMERICAN
ECOLOGY SELLS TEXAS MUNICIPAL WASTE LANDFILL TO ALLIED
WASTE FOR $10 MILLION, FUTURE ROYALTIES"
This Form 8-K contains forward-looking statements related to unknown risks and
uncertainties. These risks include, but are not limited to access to capital, as
well as compliance with and changes to applicable laws and regulations, exposure
to litigation, access to insurance and financial assurances, new technologies,
competitive environment, labor issues, and loss of major contracts. The audited
consolidated financial statements and the notes thereto filed on Form 10-K for
the year ending December 31, 2001 contains additional risk factors and an
expanded disclosure of these risks. When the Company uses words like "may,"
"believes," "expects," "anticipates," "should," "estimate," "project," "plan,"
their opposites and similar expressions, the Company is making forward-looking
statements. These terms are most often used in statements relating to business
plans, strategies, anticipated benefits or projections about the anticipated
revenues, earnings or other aspects of our operating results. The Company makes
these statements in an effort to keep stockholders and the public informed about
our business based on our current expectations about future events. Such
statements should be viewed with caution and are not guarantees of future
performance or events. Our business is subject to uncertainties, risks and other
influences, many of which the Company has no control over. Additionally, these
factors, either alone or taken together, could have a material adverse effect on
the Company and could change whether any forward-looking statement ultimately
turns out to be true. The Company undertakes no obligation to publicly release
updates or revisions to these statements. The above discussion should be read
in conjunction with the audited consolidated financial statements and the notes
thereto filed on Form 10-K for the year ending December 31, 2001.
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.
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AMERICAN ECOLOGY CORPORATION
(Registrant)
Date: February 13, 2003 By: /S/ James R. Baumgardner
James R. Baumgardner
Senior Vice President and Chief
Financial Officer
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