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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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): September 15, 1997
AMERICAN WASTE SERVICES, INC.
(Exact Name of Registrant as Specified in its Charter)
Ohio 1-10599 34-1602983
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
One American Way, Warren, Ohio 44484
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (330) 856-8800
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(Former name and address, if changed since last report)
This Report contains a total of 2 pages.
There are no exhibits.
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ITEM 5. Other Events
See the following press release dated September 15, 1997 announcing a
settlement with The S. W. Shattuck Company, Inc. regarding a remediation project
in Denver, Colorado.
FOR RELEASE AFTER 5:00 P.M. (EST) ON SEPTEMBER 15, 1997
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AMERICAN WASTE SERVICES, INC. ANNOUNCES SETTLEMENT
WARREN, Ohio (September 15, 1997) - American Waste Services, Inc. (NYSE:AW)
announced today that the Company has resolved its previously disclosed dispute
with The S.W. Shattuck Company, Inc. ("Shattuck") regarding a remediation
project in Denver, Colorado. Although the settlement requires Shattuck to pay
the Company less than the amount requested by the Company in the arbitration
proceeding resulting in a $.5 million pre-tax charge in the third quarter of
1997, the resolution provides for payment assurances from Shattuck's shareholder
and also provides for the Company to perform additional services for Shattuck
with regard to the project on a time and materials basis at the Company's
standard rates.
American Waste Services, Inc. provides integrated waste management and
environmental services, including disposal, collection, transportation and
transportation-related services, disposal brokerage and management services,
environmental engineering, site assessment, analytical laboratory and
remediation services to industrial, commercial, municipal and governmental
customers.
For more information contact: Timothy C. Coxson
Chief Financial Officer
One American Way
Warren, OH 44484-5555
(330) 856-8800
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMERICAN WASTE SERVICES, INC.
/s/ Timothy C. Coxson
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By: Timothy C. Coxson
Executive Vice President, Finance
Treasurer, Chief Financial Officer
DATED: September 16, 1997