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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
DECEMBER 13, 1996
Date of Report (Date of earliest event reported)
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WMX TECHNOLOGIES, 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 60521
(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 December 13, 1996, the registrant issued a news release indicating that its
Chemical Waste Management, Inc. subsidiary ("CWM") would appeal the recent
decision of the United States District Court for the Western District of
Tennessee, Western Division, in Memphis, Tennessee, which held CWM liable for
approximately $76.5 million in contract damages and $15 million in punitive
damages in a dispute with the former owners of CWM's Emelle, Alabama hazardous
waste landfill. The Court found that CWM failed to maximize revenue at the
landfill and fraudulently excluded certain revenues in connection with
calculating quarterly installment payments under the terms of the landfill
purchase agreement which was entered into in 1978. The registrant said that it
disagrees with the Court's findings, but is analyzing the decision and may
record a charge in the fourth quarter of 1996 that would have a material adverse
effect on the registrant's results of operations.
7. Financial Statements and Exhibits
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There are no exhibits to this report.
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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.
WMX TECHNOLOGIES, INC.
By: /s/ Thomas A. Witt
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Thomas A. Witt
Vice President
Dated: December 16, 1996
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