<PAGE> 1
As filed with the Securities and Exchange Commission on June 2, 1995
Registration No. 33-
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
-----------------
USA WASTE SERVICES, INC.
(Exact name of registrant as specified in its charter)
OKLAHOMA 73-1309529
(State or other jurisdiction (I.R.S. Employer
incorporation or organization) Identification No.)
5000 QUORUM DRIVE, SUITE 300
DALLAS, TEXAS 75240
(Address of principal executive offices)
EMPLOYEE SAVINGS PLAN
(Full title of the plan)
EARL E. DEFRATES
USA WASTE SERVICES, INC.
5000 QUORUM DRIVE, SUITE 300
DALLAS, TEXAS 75240
(214) 383-7900
(Name, address and telephone number of agent for service)
Copies to:
JOHN T. UNGER
SNELL & SMITH, P. C.
1000 LOUISIANA, SUITE 3650
HOUSTON, TEXAS 77002
-----------------
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
============================================================================================================
Proposed Proposed
Title of maximum maximum
securities Amount offering aggregate Amount of
to be to be price offering registration
registered registered(1) per share price fee
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, 500,000 shares $14.875(2) $7,437,500 $2,564.66
$.01 par value
============================================================================================================
</TABLE>
(1) The registration statement also includes an indeterminable number of
additional shares that may become issuable pursuant to the
antidilution adjustment provisions of the plan.
(2) In accordance with Rule 457, calculated on the basis of the closing
price for Common Stock on the New York Stock Exchange on May 30, 1995.
In addition, pursuant to Rule 416(c) under the Securities Act of 1933,
this registration statement also covers an indeterminate amount of
interests to be offered and sold pursuant to the employee benefit plan
described herein.
================================================================================
<PAGE> 2
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents are incorporated by reference in this
registration statement:
(a) The registrant's latest annual report on Form 10-K, or, if the
financial statements therein are more current, the registrant's latest
prospectus, other than the prospectus of which this document is a part, filed
pursuant to rule 424(b) or (c) of the Securities Exchange Commission under the
Securities Act of 1933.
(b) All other reports filed by the registrant pursuant to sections
13(a) or 15(d) of the Securities Exchange Act of 1934 since the end of the
fiscal year covered by the annual report or the prospectus referred to in (a)
above.
(c) The descriptions of the registrant's Common Stock which are
contained in the registrant's registration statement filed under section 12 of
the Securities Exchange Act of 1934, including any amendment or reports filed
for the purpose of updating such descriptions.
All documents subsequently filed by the registrant pursuant to
Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934,
prior to the filing of a post-effective amendment to the registration statement
which indicates that all of the shares of common stock offered have been sold
or which deregisters all of such shares then remaining unsold, shall be deemed
to be incorporated by reference in the registration statement and to be a part
hereof from the date of filing of such documents. Any statement contained in a
document incorporated or deemed to be incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this registration statement
to the extent that a statement contained herein or in any other subsequently
filed document which also is or is deemed to be incorporated by reference
herein modifies or supersedes such statement. Any such statement so modified
or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this registration statement.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable
II-1
<PAGE> 3
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 1006-B(7) of the Oklahoma General Corporation Law provides
that the certificate of incorporation of an Oklahoma corporation may contain
7. A provision eliminating or limiting the personal liability of a
director to the corporation or its shareholders for monetary damages for breach
of fiduciary duty as a director, provided that such provision shall not
eliminate or limit the liability of a director:
a. for any breach of the director's duty of loyalty to
the corporation or its shareholders; or
b. for acts or omissions not in good faith or which
involved intentional misconduct or a knowing violation of law; or
c. under Section 1053 of this title; or
d. for any transaction from which the director derived
an improper personal benefit.
No such provision shall eliminate or limit the liability of a director
for any act or omission occurring prior to the date when such provision becomes
effective.
Section 1031 of the Oklahoma General Corporation Act provides as
follows:
1031. INDEMNIFICATION OF OFFICERS DIRECTORS, EMPLOYEES AND AGENTS;
INSURANCE. -- A. A corporation shall have power to indemnify any person who
was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative, other than an action by or in the right of the
corporation, by reason of the fact that he is or was a director, officer,
employee or agent of the corporation, or is or was serving at the request of
the corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against
expenses, including attorneys' fees, judgments, fines, and amounts paid in
settlement actually and reasonably incurred by him in connection with such
action, suit or proceeding if he acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful. The termination of any
action, suit or proceeding by judgment, order, settlement, conviction, or upon
a plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that the person did not act in good faith and in a manner which he
reasonably believed to be in or not opposed to the best interests of the
corporation, and, with respect to any criminal action or proceeding, had
reasonable cause to believe that his conduct was unlawful.
B. A corporation shall have the power to indemnify any person who
was or is a party or is threatened to be made a party to any threatened,
pending or completed action or suit by or in the right of the corporation to
procure a judgment in its favor by reason of the fact that he is or was a
director, officer, employee or agent of the corporation, or is or was serving
at the request of the corporation as a director, officer, employee, or agent of
another corporation, partnership, joint venture, trust or other enterprise
against expenses, including attorneys' fees, actually and reasonably incurred
by him in connection with the defense or settlement of such action or suit if
he acted in good faith and in a manner
II-2
<PAGE> 4
he reasonably believed to be in or not opposed to the best interests of the
corporation and except that no indemnification shall be made in respect of any
claim, issue or matter as to which such person shall have been adjudged to be
liable to the corporation unless and only to the extent that the court in which
such action or suit was brought shall determine upon application that, despite
the adjudication of liability but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to indemnity for such expenses
which the court shall deem proper.
C. To the extent that a director, officer, employee or agent of a
corporation has been successful on the merits or otherwise in defense of any
action, suit or proceeding referred to in subsection A or B of this section, or
in defense of any claim, issue or matter therein, he shall be indemnified
against expenses, including attorneys' fees, actually and reasonably incurred
by him in connection therewith.
D. Any indemnification under the provisions of subsection A or B
of this section, unless ordered by a court, shall be made by the corporation
only as authorized in the specific case upon a determination that
indemnification of the director, officer, employee or agent is proper in the
circumstances because he has met the applicable standard of conduct set forth
in subsection A or B of this section. Such determination shall be made:
1. by the board of directors by a majority vote of a
quorum consisting of directors who were not parties to such action,
suit or proceeding; or
2. if such a quorum is not obtainable, or, even if
obtainable a quorum of disinterested directors so directs, by
independent legal counsel in a written opinion; or
3. by the shareholders.
E. Expenses incurred by an officer or director in defending a
civil or criminal action, suit or proceeding may be paid by the corporation in
advance of the final disposition of such action, suit or proceeding upon
receipt of an undertaking by or on behalf of such director or officer to repay
such amount if it shall ultimately be determined that he is not entitled to be
indemnified by the corporation as authorized by the provisions of this section.
Such expenses incurred by other employees and agents may be so paid upon such
terms and conditions, if any, as the board of directors deems appropriate.
F. The indemnification and advancement of expense provided by or
granted pursuant to the other subsections of this section shall not be deemed
exclusive of any other rights to which those seeking indemnification or
advancement of expenses may be entitled under any bylaw, agreement, vote of
shareholders or disinterested directors or otherwise, both as to action in his
official capacity and as to action in another capacity while holding such
office.
G. A corporation shall have power to purchase and maintain
insurance on behalf of any person who is or was a director, officer, employee
or agent of the corporation, or is or was servicing at the request of the
corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise against any liability
asserted against him and incurred by him in any such capacity, or arising out
of his status as such, whether or not the corporation would have the power to
indemnify him against such liability under the provisions of this section.
H. For purposes of this section, references to "the corporation"
shall include, in addition to the resulting corporation, any constituent
corporation, including any constituent of a constituent, absorbed
II-3
<PAGE> 5
in a consolidation or merger which, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, and
employees or agents, so that any person who is or was a director, officer,
employee or agent of such constituent corporation, or is or was serving at the
request of such constituent corporation as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise, shall stand in the same position under the provisions of this
section with respect to the resulting or surviving corporation as he would have
with respect to such constituent corporation if its separate existence had
continued.
I. For purposes of this section, references to "other
enterprises" shall include employee benefit plans; references to "fines" shall
include any excise taxes assessed on a person with respect to an employee
benefit plan; and references to "serving at the request of the corporation"
shall include any service as a director, officer, employee or agent of the
corporation which imposes duties on, or involves services, by such director,
officer, employee, or agent with respect to an employee benefit plan, its
participants, or beneficiaries; and a person who acted in good faith and in a
manner he reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner "not opposed to the best interests of the corporation" as referred to in
this section.
J. The indemnification and advancement of expenses provided by or
granted pursuant to this section, unless otherwise provided when authorized or
ratified, shall continue as to a person who has ceased to be a director,
officer, employee or agent and shall inure to the benefit of the heirs,
executors and administrators of such a person.
The Certificate of Incorporation of the registrant includes the
following provisions:
SEVENTH. The Corporation shall indemnify, and advance litigation
expenses to, its officers, directors, employees and agents to the fullest
extent permitted by the Oklahoma General Corporation Act and all other laws of
the State of Oklahoma.
EIGHTH. To the fullest extent that the Oklahoma General Corporation
Act as it exists on November 1, 1987 (the effective date of amendments to the
Oklahoma General Corporation Act authorizing provisions limiting liability of
directors) ("Effective Date"), permits the limitation of elimination of the
liability of directors, no director of this Corporation shall be liable to this
Corporation or its shareholders for monetary damages for breach of fiduciary
duty as a director. No amendment to or repeal of this Article [EIGHTH] shall
apply to or have any effect on the liability or alleged liability of any
director of this Corporation for or with respect to any acts or omission of
such director occurring prior to the time of such amendment or repeal.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
4.1 Certificate of Incorporation, as amended [Incorporated by
reference to Exhibit 3.1 to the Registrant's Registration
Statement on Form S-18, file No. 33-20737-FW]
II-4
<PAGE> 6
4.2 Bylaws, as amended [Incorporated by reference to Exhibit 3.2
of the Registrant's Registration Statement on Form S-18, File
No. 33-20237-FW]
4.3 Specimen Stock Certificate [Incorporated by reference to
Exhibit 4.3 of the Registrant's Registration Statement on Form
S-3, File No. 33-76224]
* 5.1 Opinion of Snell & Smith, A Professional Corporation
23.1 Consent of Snell & Smith, A Professional Corporation [Included
in Exhibit 5.1]
23.2 Consent of Coopers & Lybrand, L.L.P.
23.3 Consent of Arthur Andersen LLP
23.4 Consent of Deloitte & Touche LLP
24.1 Powers of Attorney (Included on Page II-6)
- -----------------------
* The registrant undertakes that it will submit the Employee Savings
Plan and any amendments thereto to the Internal Revenue Service ("IRS") in a
timely manner, and will make all changes required by the IRS in order to
qualify the Plan.
ITEM 9. UNDERTAKINGS.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales
are being made, a post-effective amendment to this registration
statement.
(i) To include any prospectus required by section
10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or
events arising after the effective date of the registration
statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the
registration statement;
(iii) To include any material information with
respect to the plan of distribution not previously disclosed
in the registration statement or any material change to such
information in the registration statement;
Provided, however, that paragraph (a)(1)(i) and (a)(1)(ii)
shall not apply if the information required to be included in
a post-effective amendment by those paragraphs is contained in
periodic reports filed by the registrant pursuant to section
13 or section 15(d) of the Securities Exchange Act of 1934
that are incorporated by reference in the registration
statement.
(2) That, for the purpose of determining any liability
under the Securities Act of 1933, each such post-effective amendment
shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial bona fide offering
thereof.
II-5
<PAGE> 7
(3) To remove from registration by means of a
post-effective amendment any of the securities being registered which
remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act of 1933, each
filing of the registrant's annual report pursuant to Section 13(a) or Section
15(d) of the Securities Exchange Act of 1934 (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of
the Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered herein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(e) The undersigned registrant hereby undertakes to deliver or
cause to be delivered with the prospectus, to each person to whom the
prospectus is sent or given, the latest annual report to security holders that
is incorporated by reference and furnished pursuant to and meeting the
requirements of Rule 14a-3 or Rule 14c-3 under the Securities Exchange Act of
1934; and, where interim financial information required to be presented by
Article 3 of Regulation S-X is not set forth in the prospectus, to deliver, or
cause to be delivered to each person to whom the prospectus is sent or given,
the latest quarterly report that is specifically incorporated by reference in
the prospectus to provide such interim financial information.
(h) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the registrant pursuant to the foregoing provisions, or otherwise,
the registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as expressed
in the Act and is, therefore, unenforceable. In the event that a claim or
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the pinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and will
be governed by the final adjudication of such issue.
II-6
<PAGE> 8
Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
registration statement or amendment thereto to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Dallas, State of Texas
on May 31,1995.
USA Waste Services, Inc.
By: John E. Drury
----------------------------------------
John E. Drury, Chief Executive Officer
II-7
<PAGE> 9
POWER OF ATTORNEY
We, the undersigned officers and directors of USA Waste Services,
Inc., hereby severally constitute David Sutherland-Yoest and Earl E. DeFrates,
and each of them singly, our true and lawful attorneys with full power to them,
and each of them singly, to sign for us and in our names, in the capacities
indicated below, the Registration Statement filed herewith and any amendments
to said Registration Statement, and generally to do all such things in our name
and behalf in our capacities as officers and directors to enable USA Waste
Services, Inc. to comply with the provisions of the Securities Act of 1933 as
amended, and all requirements of the Securities and Exchange Commission, hereby
ratifying and confirming our signatures as they may be signed by our said
attorneys, or any of them, to said Registration Statement and any and all
amendments thereto.
Witness our hands on the date set forth below.
Pursuant to the requirements of the Securities Act of 1933, this
registration statement or amendment thereto has been signed by the following
persons in the capacities and on May 31, 1995.
<TABLE>
<CAPTION>
Signature Title
--------- -----
<S> <C>
Donald F. Moorehead, Jr. Chairman of the Board and Chief
- ------------------------ Development Officer
Donald F. Moorehead, Jr.
John E. Drury Chief Executive Officer and Director
- ------------------------
John E. Drury
David Sutherland-Yoest President, Chief Operating Officer,
- ------------------------ and Director
David Sutherland-Yoest
Earl E. DeFrates Executive Vice President, Treasurer
- ------------------------ and Director (Chief Financial Officer)
Earl E. DeFrates
Bruce E. Snyder Vice President and Corporate
- ------------------------ Controller (Chief Accounting Officer)
Bruce E. Snyder
Robert A. Mosley Director
- ------------------------
Robert A. Mosley
George L. Ball Director
- ------------------------
George L. Ball
John D. Spellman Director
- ------------------------
John D. Spellman
Gene A. Meredith Director
- ------------------------
Gene A. Meredith
Richard J. Heckmann Director
- ------------------------
Richard J. Heckmann
</TABLE>
II-8
<PAGE> 10
Pursuant to the requirements of the Securities Act of 1933, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this registration statement to be signed on its behalf by the
undersigned thereunto duly authorized, in the City of Dallas, State of Texas on
May 31, 1995.
USA WASTE SERVICES, INC.
EMPLOYEE SAVINGS PLAN
By: USA Waste Services, Inc.,
Plan Administrator
By: JOHN E. DRURY
---------------------------------------
John E. Drury, Chief Executive Officer
II-9
<PAGE> 11
INDEX TO EXHIBITS
4.1 Certificate of Incorporation, as amended [Incorporated by
reference to Exhibit 3.1 to the Registrant's Registration
Statement on Form S-18, file No. 33-20737-FW]
4.2 Bylaws, as amended [Incorporated by reference to Exhibit 3.2
of the Registrant's Registration Statement on Form S-18, File
No. 33-20237-FW]
4.3 Specimen Stock Certificate [Incorporated by reference to
Exhibit 4.3 of the Registrant's Registration Statement on Form
S-3, File No. 33-76224]
* 5.1 Opinion of Snell & Smith, A Professional Corporation
23.1 Consent of Snell & Smith, A Professional Corporation [Included
in Exhibit 5.1]
23.2 Consent of Coopers & Lybrand, L.L.P.
23.3 Consent of Arthur Andersen LLP
23.4 Consent of Deloitte & Touche LLP
24.1 Powers of Attorney (Included on Page II-6)
- -----------------------
* The registrant undertakes that it will submit the Employee Savings
Plan and any amendments thereto to the Internal Revenue Service ("IRS") in a
timely manner, and will make all changes required by the IRS in order to
qualify the Plan.
<PAGE> 1
EXHIBIT 5.1
May 31, 1995
USA Waste Services, Inc.
5000 Quorum, Suite 300
Dallas, Texas 75240
Gentlemen:
We have acted as counsel for USA Waste Services, Inc., an Oklahoma
corporation (the "Company"), in connection with the filing of the Registration
Statement on Form S-8 for the Company's Employee Savings Plan (the "Plan") with
respect to the registration of 500,000 shares of the Common Stock, $.01 par
value (the "Common Stock"), of the Company, for issuance and sale from time to
time by the Company to the Plan.
We have made such inquiries and examined such documents as we have
considered necessary or appropriate for purposes of giving the opinions
hereinafter set forth, including the examination of executed or conformed
counterparts, or copies certified or otherwise proved to our satisfaction, of
the following:
(a) the Certificate of Incorporation of the Company as filed with
the Secretary of State of Oklahoma on September 30, 1987, as amended;
(b) the By-laws of the Company;
(c) the Plan; and
(d) the Registration Statement on Form S-8 of the Company filed
with the Securities and Exchange Commission with respect to the Plan (the
"Registration Statement").
We have assumed the genuineness and authenticity of all signatures on
all original documents, the authenticity of all documents submitted to us as
originals, the conformity to originals of all documents submitted to us as
copies and the due authorization, execution, delivery or recordation of all
documents where due authorization, execution or recordation or prerequisites to
the effectiveness thereof.
<PAGE> 2
USA Waste Services, Inc.
Page 2
May , 1995
Based upon the foregoing, and having regard for such legal
considerations as we deem relevant, we are of the opinion that:
(i) the Company is a corporation duly organized, validly existing
and in good standing under the laws of the States of Oklahoma;
(ii) the authorized capital of the Company consists of 50,000,000
shares of Common Stock, of which, as of March 31, 1994, 22,678,874 were issued
and outstanding, and 10,000,000 shares of Preferred Stock, $.01 par value, of
which, as of the date hereof, no shares are issued and outstanding; and
(iii) the 500,000 shares of Common Stock registered under the
Registration Statement are duly authorized and when issued by the Company will
be legally issued, fully paid and non-assessable.
We hereby consent to the filing of this opinion with the Securities and
Exchange Commission as an exhibit to the Registration Statement and to the
Statements made regarding our Firm and to the use of our name under the heading
"Legal Matters" in the prospectus constituting a part of the Registration
Statement.
Very truly yours,
SNELL & SMITH, A Professional
Corporation
<PAGE> 1
EXHIBIT 23.2
CONSENT OF INDEPENDENT ACCOUNTANTS
To USA Waste Services, Inc.:
We consent to the incorporation by reference in this registration
statement of USA Waste Services, Inc. on Form S-8 of our report dated March 10,
1995, on our audits of the consolidated financial statements of USA Waste
Services, Inc. as of December 31, 1993 and 1994, and for each of the three
years in the period ended December 31, 1994, included in and incorporated by
reference into the USA Waste Services, Inc.'s Amendment No. 2 to Form S-4 (File
No. 33-59259), dated May 18, 1995.
COOPERS & LYBRAND L.L.P.
Dallas, Texas
May 31,1995
<PAGE> 1
EXHIBIT 23.3
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
To USA Waste Services, Inc.:
As independent public accountants, we hereby consent to the incorporation by
reference in this Registration Statement on Form S-8 related to the USA Waste
Services, Inc. Employee Savings Plan of our report dated September 22, 1993 on
Envirofil, Inc. included in the USA Waste Services, Inc.'s previously filed
Amendment No. 2 to the Registration Statement on Form S-4 (File No. 33-59259)
and our report dated March 25, 1994 on the Acquired New Jersey Solid Waste
Companies incorporated by reference in the USA Waste Services, Inc.'s previously
filed Amendment No. 2 to the Registration Statement on Form S-4 (File No.
33-59259).
ARTHUR ANDERSEN L.L.P.
Philadelphia, Pa.,
June 1, 1995
<PAGE> 1
EXHIBIT 23.4
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration
Statement of USA Waste Services, Inc. on Form S-8 of our report dated March 30,
1995 on the consolidated financial statements of Chambers Development Company,
Inc. and subsidiaries as of December 31, 1994 and 1993 and for each of the three
years in the period ended December 31, 1994, appearing in Amendment No. 2 to
Registration Statement No. 33-59259 on Form S-4 of USA Waste Services, Inc.
DELOITTE & TOUCHE LLP
Pittsburgh, Pennsylvania
May 31, 1995
