8-K 1 htm_16644.htm LIVE FILING Allied Waste Industries, Inc. (Form: 8-K)  

 


UNITED STATES
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):   November 21, 2006

Allied Waste Industries, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 1-14705 88-0228636
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
18500 North Allied Way, Phoenix, Arizona   85054
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(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

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Joshua J. Harris resigned as a director of the Company and as a member of the Governance Committee of the Board of Directors effective as of November 21, 2006. Mr. Harris resigned in accordance with the terms of the Third Amended and Restated Shareholders Agreement (the "Shareholders Agreement"), dated as of December 18, 2003, between the Company, Apollo Advisors II, L.P. and affiliated or related persons (the "Apollo Shareholders"), Blackstone Capital Partners II Merchant Bank Fund L.P. and affiliated or related persons (the "Blackstone Shareholders"), and certain other parties. Under the Shareholders Agreement, if the ownership of common stock of the Company by the Apollo Shareholders and the Blackstone Shareholders decreases below 80% of their ownership as of the date of the Shareholders Agreement but is at least 60% of such stock ownership (the "Ownership Range"), then one of the five directors designated by the Apollo Shareholders and the Blackstone Shareholders is required to resign. As a result of the sale of 33 million shares of common stock by the Apollo Shareholders, which was completed on November 22, 2006, the stock ownership of the Apollo Shareholders and the Blackstone Shareholders decreased to within the Ownership Range and, consequently, Mr. Harris resigned.






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.

         
    Allied Waste Industries, Inc.
          
November 27, 2006   By:   Peter S. Hathaway
       
        Name: Peter S. Hathaway
        Title: Executive Vice President and Chief Financial Officer