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Waste Management 8-K Filings

WM NYSE

Every 8-K that Waste Management (WM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow WM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WM filings page.

Rhea-AI Summary

WASTE MANAGEMENT INC (WM) announced a planned CEO transition. James C. Fish, Jr. notified the Board of his intention to retire as Chief Executive Officer and resign from the Board, effective January 4, 2027, after more than 25 years with the company and over a decade as CEO and director. WM anticipates he will continue in an advisory role until mid-February 2027.

As part of its succession planning process, the Board appointed current President John J. Morris, Jr. to become President and CEO and elected him to the Board, effective on the same transition date, with his director term running until the 2027 annual meeting of stockholders. WM highlights Morris’s long tenure in senior operating roles and emphasizes that his appointment did not arise from any arrangement with another person and that he has no family relationships with current directors or executive officers.

Rhea-AI Summary

Waste Management, Inc. (WM) reported solid second quarter 2026 results, with revenue of $6.684 billion, up 4.0% from a year earlier. Income from operations was $1.253 billion, and net income attributable to WM was $785 million, or $1.95 diluted EPS, with adjusted diluted EPS of $2.02.

Adjusted operating EBITDA was $2.067 billion, and the adjusted operating EBITDA margin improved to 30.9% from 30.5%. Free cash flow rose to $1.104 billion, a 34.5% increase, supported by net cash from operating activities of $1.726 billion. WM returned $1.04 billion to shareholders in the quarter through $659 million in share repurchases and $379 million in dividends.

The company completed three new renewable natural gas facilities adding about 3.5 million MMBtu of expected annual production and a new recycling facility with about 60,000 tons of annual capacity. For 2026, WM reaffirmed adjusted operating EBITDA guidance of $8.15–$8.25 billion and free cash flow of $3.75–$3.85 billion, while updating revenue guidance to $26.275–$26.475 billion and raising its adjusted operating EBITDA margin outlook to 31.0%–31.2%.

Rhea-AI Summary

Waste Management, Inc. reported results from its Annual Meeting of Stockholders held on May 12, 2026. A total of 345,284,283 shares of common stock were represented in person or by proxy out of 402,913,509 shares outstanding and entitled to vote.

Stockholders elected all nominated directors and approved each of the three other proposals presented. The company also filed an amended and restated Employee Stock Purchase Plan, effective May 12, 2026, as an exhibit to this report.

Rhea-AI Summary

Waste Management, Inc. announced leadership changes and related compensation actions. Senior Vice President of Enterprise Strategy and President of WM Healthcare Solutions, Rafael E. Carrasco, has decided to retire effective July 17, 2026 after a decade in operational leadership roles, including leading the Stericycle acquisition and building the healthcare solutions business.

The Board promoted Tara J. Hemmer, previously Senior Vice President and Chief Sustainability Officer, to Executive Vice President and Chief Operating Officer, reporting to President John J. Morris Jr., who voluntarily resigned the COO title. Hemmer will oversee the operating platform while continuing to lead Sustainability businesses such as Recycling, Renewable Energy and Advisory Services.

In connection with her promotion, Hemmer’s annual base salary was set at $850,000, with a target annual cash incentive equal to 105% of year-end base salary. She also received a restricted stock unit award valued at $575,000 under the 2023 Stock Incentive Plan, vesting 34% after one year and 33% annually over the following two years, with standard provisions for death, disability, retirement, termination without cause and change in control.

Rhea-AI Summary

WM reported solid first quarter 2026 results with higher profit, margins and cash flow. Revenue reached $6.23 billion, up from $6.02 billion, while income from operations increased to $1.11 billion and net income rose to $723 million.

Adjusted operating EBITDA was $1.85 billion with a 29.8% margin, up from $1.75 billion and 29.1% a year earlier. Net cash provided by operating activities grew to $1.50 billion, and free cash flow climbed to $920 million, as WM reaffirmed its full‑year financial outlook.

The company highlighted disciplined pricing, cost optimization and contributions from sustainability growth projects, and noted it returned nearly $730 million to shareholders through dividends and share repurchases in the quarter.

Rhea-AI Summary

Waste Management, Inc. entered into Amendment No. 2 to its Seventh Amended and Restated Revolving Credit Agreement on March 20, 2026. The amendment changes the definitions of EBIT and EBITDA used in the leverage ratio covenant so that equity-based compensation and interest accretion can be added back as non-cash items.

These changes are described as intended to enhance comparability by aligning the covenant calculations with how certain industry peers treat these non-cash expenses. The amendment applies to the existing revolving credit facility among Waste Management, its Canadian subsidiaries as borrowers, and Bank of America, N.A. as administrative agent.

Rhea-AI Summary

Waste Management, Inc. awarded a $1 million cash transition success bonus to former Executive Vice President and Chief Financial Officer Devina Rankin on March 13, 2026. The company explains this recognizes the value delivered to stockholders from her leadership in completing an orderly CFO transition and advancing integration of its Healthcare Solutions business.

Ms. Rankin had voluntarily resigned as CFO effective November 1, 2025 after a 23-year career with nearly nine years in the CFO role, then continued as an executive advisor at her prior base salary through March 13, 2026 to support the handover. The bonus is in addition to her 2025 annual cash incentive award and is governed by a transition success bonus letter agreement filed as an exhibit.

Rhea-AI Summary

Waste Management, Inc. approved 2026 long‑term and annual incentive awards for its chief executive, chief financial, and other named executive officers. Executives received performance share units (“PSUs”) and stock options under the 2023 Stock Incentive Plan, plus a 2026 cash bonus opportunity tied to financial and sustainability targets.

PSU grants include 49,350 for James C. Fish Jr., 16,450 for John J. Morris Jr., 9,350 for David L. Reed, and 7,272 each for Tara J. Hemmer and Rafael E. Carrasco. PSUs vest based on cash flow generation and relative total shareholder return versus the S&P 500 through December 31, 2028, with payouts from 0–200% of target.

Stock options cover 57,034 shares for Mr. Fish, 19,011 for Mr. Morris, 10,806 for Mr. Reed, and 8,405 each for Ms. Hemmer and Mr. Carrasco. Options carry a 10‑year term, a grant‑date exercise price of $241.55, and vest 34% after one year, then 33% in each of the next two years, with specified treatment on death, disability, retirement, termination, or change in control. Annual cash incentives for 2026 target a percentage of salary, pay out between 0–200% of target based on operating EBITDA, income from operations margin, and internal revenue growth, and may be adjusted using a sustainability scorecard and individual performance discretion.

Rhea-AI Summary

Waste Management, Inc. furnished an 8-K to share that it issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2025. The press release is included as Exhibit 99.1.

The company will host an audio webcast to discuss these results at 10:00 a.m. Eastern Time on January 29, 2026, accessible through its investor relations website. Management expects to discuss certain non-GAAP financial measures, and reconciliations to the most comparable GAAP measures are provided in the notes and tables to the press release.

Rhea-AI Summary

Waste Management, Inc. reported that its Retirement Savings Plan will change recordkeepers effective January 1, 2026, which will require a temporary blackout period for plan activity. From 4:00 p.m. ET on December 24, 2025, until during the week of January 18, 2026, plan participants will not be able to change contribution rates, rebalance investments (including investments in the company stock fund), or request loans, withdrawals, or distributions.

The company also notified its directors and executive officers that, during this blackout period, they are not allowed to buy, sell, or otherwise transfer any Waste Management equity securities that they hold or acquire in connection with their service or employment. Security holders and other interested persons can request the exact blackout start and end dates without charge from the Corporate Secretary at the company’s Houston headquarters.

Rhea-AI Summary

Waste Management, Inc. furnished a press release announcing its third-quarter 2025 financial results as Exhibit 99.1 to a Form 8-K. The company will host an audio webcast to discuss the results at 10:00 a.m. Eastern Time on October 28, 2025.

Listeners can access the live webcast and replay at investors.wm.com under “Events & Presentations.” Management expects to discuss certain non-GAAP financial measures, and reconciliations to comparable GAAP metrics are included in the press release’s notes and tables.

Rhea-AI Summary

Waste Management, Inc. filed an 8-K reporting a material event that states all unvested RSUs are forfeited. The filing includes corporate contact details and lists Charles C. Boettcher, Executive Vice President and Chief Legal Officer. The submission does not disclose who is affected, the number or value of forfeited awards, the reason for forfeiture, or any financial impact. Because key details such as recipients, amounts, and timing are not provided, the filing is limited in scope and does not allow a full assessment of investor impact.

Rhea-AI Summary

Waste Management, Inc. reported that its Executive Vice President and Chief Financial Officer, Devina A. Rankin, has decided to resign from her CFO role effective November 1, 2025, or immediately after the filing of the company’s Form 10-Q for the quarter ended September 30, 2025. She is expected to remain with the company as an executive advisor through March 2026 to support a smooth transition.

The board has elected David L. Reed, currently Vice President and Business Partner for the West Tier operations and formerly Vice President and Treasurer, to become Executive Vice President and Chief Financial Officer as of the effective date, succeeding Ms. Rankin as principal financial officer. Following that date, Mr. Reed’s annual base salary will be set at $700,000 and his target annual cash incentive will equal 100% of base salary.

In addition, Mr. Reed will receive a restricted stock unit award valued at $565,000 under the 2023 Stock Incentive Plan, to be granted on November 3, 2025, with vesting over three years and standard provisions for dividends, death, disability, termination, and change in control.