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): August 21, 2000
Capital Environmental Resource Inc.
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(Exact name of registrant specified in Charter)
Ontario, Canada 333-77633 Not Applicable
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(State or other (Commission (IRS Employee
jurisdiction of File Number) Identification No.)
incorporation)
1005 Skyview Drive
Burlington, Ontario, Canada L7P 5B1
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(Address of principal executive offices) Zip Code
Registrant's telephone, including area code: (905) 319-1237
(Former name and former address, if changed since last report)
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Item 5. Other Events
(a) On August 2, 2000, the Registrant issued a press release announcing that its
Chief Executive Officer, Tony Busseri, was no longer employed by the Registrant
and that Bruce Cummings, a member of the Board of Directors, would assume the
position of Chairman of the Board of Directors. The Registrant also announced
that a newly-created three-member Executive Committee would undertake the duties
of Chief Executive Officer on an interim basis. A copy of the press release is
filed herewith as an Exhibit 99.1 and incorporated herein by reference.
(b) On August 11, 2000, the Registrant issued a press release announcing its
second quarter results, including a loss of US($0.06) per share on a fully
diluted basis and unusual expense items of approximately US$1.6 million. The
Registrant also announced that, due to its failure to maintain compliance with
the public float requirements of the Nasdaq National Market, as of August 16,
2000, its common stock would trade on the Nasdaq SmallCap market rather than the
Nasdaq National Market. The Registrant also announced that, based on its second
quarter results, it was in breach of one of its covenants in its credit facility
agreement. A copy of the press release is filed herewith as Exhibit 99.2 and
incorporated herein by reference.
Item 7. Exhibits.
(c) Exhibits.
Exhibit No. Description of Document
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99.1 Press Release dated August 2, 2000
99.2 Press Release dated August 11, 2000
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SIGNATURE
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.
CAPITAL ENVIRONMENTAL RESOURCE INC.
Date: August 21, 2000 By: /s/ David Langille
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David Langille
Executive Vice President and
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF DOCUMENT
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99.1 Press Release dated August 2, 2000
99.2 Press Release dated August 11, 2000
