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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)
February 9, 1995
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 (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
5333 Westheimer, Suite 1000
Houston, Texas 77056
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(Address of principal executive offices)
Registrant's telephone number, including area code (713) 624-1900
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ITEM 5. OTHER EVENTS
On February 9, 1995, Jack C. Lemley was named chief executive officer,
president and chief operating officer of American Ecology Corporation. He
succeeds Harry J. Phillips, Jr. who continues as chairman of the board of
directors. A copy the Company's press release dated February 9, 1995 is attached
hereto as Exhibit A and is incorporated herein by reference.
ITEM 7. EXHIBITS
Exhibit A. Press Release of American Ecology Corporation dated February 9,
1995.
SIGNATURES
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.
AMERICAN ECOLOGY CORPORATION
Dated February 15, 1995 By: /s/ Stephen W. Travers
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Name: Stephen W. Travers
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Title: General Counsel and Secretary
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AMERICAN ECOLOGY CORPORATION PRESS RELEASE
Lemley Becomes CEO of American Ecology, Phillips Remains As Chairman
(HOUSTON) February 9, 1995--Jack K. Lemley has been named chief executive
officer and president of American Ecology Corporation, a hazardous waste
treatment and disposal company. He succeeds Harry J. Phillips, Jr. who continues
as chairman of the board of directors.
Mr. Lemley, 59, who has been a director of American Ecology since 1992,
achieved worldwide recognition as chief executive of Transmarche-Link JV which
designed and built the Channel Tunnel providing train service between England
and France. He left that position in 1993. Over the years, he has served as a
management consultant to many leading construction, manufacturing and
engineering companies. He was also named chief operating officer.
Mr. Lemley noted, "American Ecology has a very promising future, is well
positioned and will benefit significantly from an improvement in the hazardous
waste business."
Mr. Phillips 45, had been chief executive officer of American Ecology since
1991. Under Mr. Phillip's leadership, the Company's sales rose from $56 million
in 1991 to $72 million in 1994. Mr. Phillips said, "The company has achieved
many of the goals I set for it. Jack Lemley is superbly equipped to lead the
company and to accelerate its cost reduction program."
American Ecology operates a chemical waste disposal facility in Nevada and
two in Texas. The Company also operates a low-level radioactive waste (LLRW)
disposal facility in Washington, has received a license approval for a similar
facility in California, has a license application pending for a LLRW disposal
facility in Nebraska, and operates a LLRW processing facility in Tennessee.
Services provided by the Company include waste packaging, transportation,
consulting, pretreatment, disposal, fuels blending, recycling, and clean-up
services. The Company's common stock trades on the Nasdaq Stock Market under the
symbol ECOL.
