UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
September 10, 1997
Date of Report (Date of earliest event reported)
AMERICAN DISPOSAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-28652 13-3858494
(State or other jurisdiction Commission File Number I.R.S. Employer
of incorporation or Identification
organization) Number)
745 McClintock Drive, Suite 230, Burr Ridge, Illinois 60521
(Address of Principal Executive Offices)
(708) 655-1105
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Item 2. Acquisition
On September 10, 1997, America Disposal Services, Inc. (the "Company")
acquired all of the outstanding shares of capital stock of Illinois Bulk
Handlers, Inc. ("Bulk Handlers"), Shred-All Recycling Systems, Inc. ("Shred-
All"), Fred B. Barbara Trucking Co., Inc. ("Trucking") and Environtech, Inc.
("Environtech", collectively with Bulk Handlers, Shred-All and Trucking, the
"Barbara Companies") from Fred Barbara and certain related persons (the
"Acquisition"). The Barbara Companies provide hauling, transfer, recycling
and disposal services in the greater Chicago metropolitan area and include a
collection company (with a fleet of 150 vehicles), a transfer station and
recycling facility (capable of processing traditional recyclables, as well as
tires, cement, wood pallets, aluminum scrap and other bulk materials), and a
landfill consisting of approximately 326 acres (of which approximately 78
acres are permitted), having approximately 23 years of remaining site life at
current average volumes.
The Company acquired the outstanding shares of the Barbara Companies in
exchange for a total initial payment of $58,500,000, of which $43,875,000 was
paid in cash and the balance by delivery of 539,917 shares of the Company's
common stock, par value $.01 per share (the "Common Stock"). The Company
funded the cash portion of the initial purchase price with proceeds from the
Company's credit facility. The purchase price is subject to increase (up to
an aggregate of approximately $50,000,000) in the event that certain
performance criteria are achieved. In general, any such purchase price
increase is payable 75% in cash and 25% by delivery of shares of the Company's
Common Stock.
In connection with the Acquisition, Mr. Barbara entered into a five-year
employment agreement with the Company (subject to renewal for up to an
additional four years at the option of Mr. Barbara) to serve as an executive
officer of the Barbara Companies. In addition, Mr. Barbara entered into a
non-competition agreement with the Company (having a term extending two years
beyond the termination of Mr. Barbara's employment agreement with the
Company), as well as an agreement to lease to the Company a combination
office, garage and storage facility.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of Business Acquired. Incorporated by
reference to Registrant's Registration Statement on Form S-3 No.
333-28491.
(b) Pro Forma Financial Information. Incorporated by reference to
Registrant's Registration Statement on Form S-3 No. 333-28491.
(c) Exhibits: None.
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 hereunto duly authorized.
AMERICAN DISPOSAL SERVICES, INC.
Date: As of September 23, 1997
By:/s/Richard De Young
Richard De Young
President and Chief Executive
Officer
