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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): July 31, 2025

Waste Connections, Inc.
(Exact name of registrant as specified
in its charter)
Ontario, Canada |
|
1-34370 |
|
98-1202763 |
(State or other jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
6220 Hwy 7, Suite 600
Woodbridge
Ontario L4H 4G3
Canada
(Address of principal
executive offices)
Registrant’s telephone number,
including area code: (905) 532-7510
Not Applicable
(Former name
or address, if changed since last report.)
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
Trading
Symbol(s) |
Name
of each exchange on which registered |
Common Shares, no par value |
WCN |
New York Stock Exchange
NYSE Texas, Inc.
Toronto Stock Exchange
|
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 (see General Instruction
A.2. below):
|
¨ |
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-(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 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
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. ¨
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 31, 2025, Waste
Connections, Inc. (the “Company”) named Jason Craft as the Company’s Executive Vice President and Chief
Operating Officer, effective August 9, 2025. Mr. Craft, age 50, will assume the role from Darrell W. Chambliss, whose retirement
from that role the Company has previously announced. Mr. Craft, who currently serves as Regional Vice President – Southern
Region, has been with the Company since 2003.
There are no arrangements
or understandings between Mr. Craft and any other person pursuant to which he was selected to become Executive Vice President and
Chief Operating Officer. Mr. Craft has no family relationship with any director or other executive officer of the Company or any
person nominated or chosen by the Company to become a director or executive officer, and there are no transactions in which Mr. Craft
has an interest requiring disclosure under Item 404(a) of Regulation S-K.
On August 4, 2025, Waste
Connections US, Inc. entered into a new letter agreement with Mr. Craft (the “Craft Letter Agreement”) under
that certain Separation Benefits Plan, as amended and restated July 26, 2022 (the “Plan”), pursuant to which
Mr. Craft’s annual base salary will be $500,000, with a target annual bonus of 100% of his base salary. He will be eligible
for equity awards on such terms and to such levels of participation as the Board or the Compensation Committee considers appropriate,
provided that the target annual amount of such awards is expected to be equal in value to 225% of Mr. Craft’s base salary on
the date of grant.
The foregoing description
of the Craft Letter Agreement is qualified in its entirety by reference to the full text of the Craft Letter Agreement filed as Exhibit 10.1
to this Current Report on Form 8-K. The foregoing description of the Plan is qualified in its entirety by reference to the full text
of the Plan, which can be found as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed with the Securities
and Exchange Commission and the securities commissions or similar regulatory authorities in Canada on August 3, 2022.
Item 9.01. Financial Statements and Exhibits.
| 10.1 | Separation Benefits Plan Participation Letter Agreement by and between Waste Connections US, Inc.
and Jason Craft, effective August 9, 2025. |
| 104 | The cover page of Waste Connections, Inc.’s Current Report on Form 8-K formatted
in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the U.S. Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
WASTE CONNECTIONS, INC. |
|
|
|
Date: August 5, 2025 |
BY: |
/s/
Patrick J. Shea |
|
|
Patrick J. Shea |
|
|
Executive Vice President, General Counsel and Secretary |