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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): January 13, 1998
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Commission File Number 0-11688
AMERICAN ECOLOGY CORPORATION
(Exact name of registrant as specified in its charter)
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DELAWARE 95-3889638
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
805 W. Idaho
Ste. 200
Boise, Idaho 83702-1779
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(Address of principle executive offices) (Zip Code)
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(208) 331-8400
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(Registrants telephone number, including area code)
Indicate by a check mark whether Registrant (1) has filed all reports required
to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months, and (2) has been subject to such filing
requirements for the past 90 days.
YES [X] NO [ ]
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AMERICAN ECOLOGY CORPORATION FORM 8-K
SEC File Number 00-11688
Item 5. Other Events.
A Texas State Court in Harris County, Texas entered an Order granting Plaintiff
Houston Office 88, Inc.'s Motion for Summary Judgment against American Ecology
Corporation (the "Company") for damages in the amount of $2,044,346.40, plus
interest, representing the sum and associated costs that the Court found the
Company to owe Houston Office 88 under the Lease Agreement covering its former
corporate headquarters in Houston, Texas. The Company received a copy of the
Order January 20, 1998. American Ecology's counterclaim against Houston Office
88 was also dismissed, as was the Company's third-party claim against a
sublessee for failure to perform an agreement to sublease the office space.
Houston Office 88 is proceeding with direct claims against that sublessee.
American Ecology is currently negotiating a compromise with Houston Office 88.
If the negotiations are unsuccessful, American Ecology will ask the Court to
amend the Judgment to provide for a present worth of the amount representing
the future lease payments, to strike parts of the Judgment, and to provide for
the offset of any amount the sublessee is found to owe Houston Office 88. The
Company also may appeal the award. The Company has notified its bank of the
Judgment.
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AMERICAN ECOLOGY CORPORATION FORM 8-K
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 January 23, 1998 By: /s/ Jack K. Lemley
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Jack K. Lemley
Chairman and Chief Executive Officer
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