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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) October 20, 2000
Allied Waste Industries, Inc.
(Exact name of registrant as specified in charter)
Delaware
(State or other jurisdiction of incorporation)
0-19285 88-0228636
(Commission File Number) (IRS Employer Identification No.)
15880 N. Greenway-Hayden Loop, Suite 100
Scottsdale, Arizona 85260
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (480) 627-2700
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
On October 20, 2000, Allied Waste Industries, Inc. announced its procedural
practices pursuant to Regulation FD (Full Disclosure). The form of those
practices are included herein.
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ALLIED WASTE INDUSTRIES, INC.
PRACTICES PURSUANT TO REGULATION FD
Introduction
On October 23, 2000, new Securities and Exchange Commission rules,
collectively referred to as "Regulation FD," becomes effective. Regulation FD is
complicated, and investors should read and interpret it for themselves, rather
than relying on our interpretation. We interpret Regulation FD to require us,
among other things, and under certain circumstances, to have procedures
reasonably designed to assure that, if some investors learn information about
Allied Waste Industries, Inc. (the "Company") that is material (and which those
investors might reasonably be expected to take into consideration before buying
or selling Company securities), other Company investors will learn that
information at or close to the same time. The Company files this procedural Form
8-K to alert its investors to the practices we will try to follow to comply
substantially with this requirement.
Company's Website
The Company maintains a corporate website at www.alliedwaste.com. Effective
November 1, 2000, we intend to post significant corporate information on the
Company website from time to time. We believe our website is an efficient and
expeditious way to communicate with investors simultaneously and
instantaneously. Accordingly, we intend to utilize our website to implement our
practices in response to Regulation FD. We do not expect to file a Form 8-K each
time we make a public disclosure prompted by our interpretation of Regulation
FD. Instead, we will utilize our website for that purpose. The only way
investors can be certain to learn information we may disclose in response to the
requirements of Regulation FD, therefore, will be to review our website.
In light of Regulation FD, we will maintain two discrete information
sections on our website. The first of these will be headed "Current Disclosures
about Allied Waste Industries, Inc." When we first post information on our
website in light of Regulation FD, the information will be dated and will be
maintained in that location for a period of ten (10) business days. During the
period information is posted in our "Current Disclosures" section, we intend to
maintain the information in as current and accurate a form as we can. Posting
information on this section of our website is not intended to, and does not,
constitute a determination by us that the information is in fact material.
Materiality is a complex concept, and we expect to make disclosures of
information that may not be material, out of an abundance of caution to ensure
our satisfaction of the requirements of Regulation FD. Nor does the fact that we
post information on this section of our website constitute a determination that
dissemination of that information is required by Regulation FD. Likewise,
issuance of a release on Form 8-K or a press release should not be construed to
be a statement regarding the materiality of a similar item previously or
subsequently posted on our website or archived thereon.
Upon the passage of ten (10) business days, information originally posted
to the "Current Disclosures" section of our website will be moved to a second
section that will be headed "Archived Disclosures". Information will be moved to
our "Archival" section for historical reasons only, and will not be maintained
or updated for accuracy; the Company explicitly disclaims any responsibility
for, or intention of, updating that information.
Analyst Meetings, Conference Calls, Discussions with Analysts and
Investors, and Earnings Estimates
From time to time, Company officials meet with, or talk to, analysts who
follow the Company. These conversations are not intended to divulge material
nonpublic information about the Company, and we take appropriate steps to avoid
such disclosures from occurring. If nonpublic information that may be material
is divulged, however, we will attempt to disseminate that information to all
investors on our website (in the "Current Disclosures" section) as soon as
possible after the initial disclosure has occurred.
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On occasion, Company officials may receive communications or inquiries from
individual analysts or investors. If these conversations should occur, they are
not intended to divulge material nonpublic information about the Company, and we
take appropriate steps to avoid such disclosures from occurring. If we become
aware that information which might be material may have been disclosed during
one of these informal encounters, however, we will post a brief summary of the
information that has been disclosed in the "Current Disclosures" section of our
website, and maintain that disclosure for our usual ten (10) business-day
period. Thereafter, this information will be moved to our "Archival" section.
The posting of information in accordance with these procedures is not intended
to, and does not, constitute a determination by the Company that the information
is material, or that investors should consider that information before deciding
whether to buy or sell the Company securities.
Further Information
Regulation FD is new. Its meaning and impact are not yet certain. We intend
to monitor these policies and practices to see whether they are fulfilling their
intended purpose. We encourage investors to communicate with us if you have
suggestions or comments regarding these procedures. Please address any such
communications to:
Micheal Burnett, Director of Investor Relations
(480) 627-2785
[email protected]
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant, Allied Waste Industries, Inc., has caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
ALLIED WASTE INDUSTRIES, INC.
By: /s/ THOMAS W. RYAN
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Thomas W. Ryan
Executive Vice President & Chief Financial Officer
Date: October 20, 2000
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