SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 2, 2021
CLEAN HARBORS, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|42 Longwater Drive||Norwell||MA||02061-9149|
|(Address of Principal Executive Offices)||(Zip Code)|
Registrant’s telephone number, including area code (781) 792-5000
(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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol|
Name of each exchange on which registered
Common Stock, $0.01 par value
New York Stock Exchange
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
Approval of Amended and Restated Management Incentive Plan
As described more fully in Item 5.07 of this report, the shareholders of Clean Harbors, Inc. (the “Company”) approved the Company’s Amended and Restated Management Incentive Plan (the “Amended and Restated MIP”) at the Company’s annual meeting of shareholders held on June 2, 2021, which will by its terms become effective on January 1, 2022.
The purposes of the Amended and Restated MIP are to provide a strong incentive each year for performance of the Company’s chief executive officer, other executive officers and other senior managers of the Company and its subsidiaries by authorizing the Compensation Committee of the Company's Board of Directors to award potential cash bonuses to such participants each year based upon objective measures of corporate performance or satisfaction of certain other objective personal goals predetermined for each participant. The Amended and Restated MIP does not provide for awards of any form of stock or other equity.
A copy of the Amended and Restated MIP is attached as Appendix A to the Company’s proxy statement for the 2021 Annual Meeting, as filed with the Securities and Exchange Commission on April 23, 2021 (the “2021 Proxy Statement”), and is further described in the 2021 Proxy Statement under the heading “Amendment and Restatement of the Company’s Management Incentive Plan” commencing on page 41. That copy of the Amended and Restated MIP and such description are incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Company held its annual meeting of shareholders on Wednesday, June 2, 2021, at which the following matters were submitted to a vote of the shareholders. Each of the matters was described in the Company’s 2021 Proxy Statement. The votes as to each such matter were as follows:
(1) Votes regarding the election of the persons named below as Class II directors for a term expiring in 2024:
|Alan S. McKim||45,496,868||2,756,279||1,207,346|
|John T. Preston||41,535,688||6,717,459||1,207,346|
(2) Advisory vote on executive compensation.
(3) Vote to approve the Company's Amended and Restated Management Incentive Plan.
(4) Vote to ratify the selection by the Audit Committee of the Company’s Board of Directors of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the current fiscal year.
(5) Advisory vote on ratification of Exclusive Forum By-Law.
Item 9.01. Financial Statements and Exhibits.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ||Clean Harbors, Inc.|
| || |
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|June 2, 2021||/s/ Michael L. Battles|
| ||Executive Vice President and Chief Financial Officer|