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): September 523, 2024

Stericycle, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware

1-37556

36-3640402

(State or other jurisdiction
of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)


2355 Waukegan Road
Bannockburn, Illinois		60015
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (847) 367-5910

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))

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 Stock, par value $0.01 per share

SRCL

Nasdaq Global Select Market

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. ☐

Item 8.01. Other Events.

As previously disclosed, on June 3, 2024, Stericycle, Inc., a Delaware corporation (“Stericycle” or the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Waste Management, Inc., a Delaware corporation (“Parent”) and Stag Merger Sub Inc., a Delaware corporation and an indirect wholly-owned subsidiary of Parent (“Merger Sub”). Pursuant to the terms of the Merger Agreement, Merger Sub will merge with and into Stericycle (the “Merger”), with Stericycle continuing as the surviving corporation of the Merger and as an indirect, wholly-owned subsidiary of Parent. ~~As previously disclosed, on August 14, 2024, the Company’s stockholders approved the transactions contemplated by the Merger Agreement, including the Merger.~~

InOn ~~connection with the Merger, on July~~September 323, 2024, ~~Stericycle~~each ~~filed~~of athe ~~Notification~~Company and ~~Report~~Parent ~~Form~~received asa ~~required~~supplementary ~~under~~information ~~the~~request ~~Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended~~ (~~the~~ “~~HSR Act~~SIR”), ~~with~~from the ~~Federal~~Competition ~~Trade~~Bureau ~~Commission~~of ~~(the~~Canada (“~~FTC~~Competition Bureau”) ~~and~~in connection with the ~~Antitrust~~Competition ~~Division~~Bureau’s review of the ~~Department~~proposed ~~of Justice~~Merger. ~~Parent~~The ~~voluntarily~~SIR ~~withdrew~~has ~~its~~the ~~Notification~~effect ~~and~~of ~~Report~~extending ~~Form~~the onwaiting ~~August 2,~~period ~~2024~~applicable ~~and~~to ~~refiled~~the onconsummation ~~August 6,~~of ~~2024.~~the OnMerger ~~September 5,~~under ~~2024~~the atCanadian ~~11:59~~Competition ~~p.m.~~Act ~~Eastern~~until ~~Time,~~30 ~~the~~days ~~waiting~~after ~~period with respect to~~ the ~~Notification~~Company and ~~Report~~Parent ~~Form~~have ~~under~~responded to the ~~HSR~~information ~~Act~~requests ~~expired.~~in ~~Accordingly~~the SIR, ~~the~~unless ~~condition~~that towaiting ~~the~~period ~~Merger~~is ~~relating~~terminated toin ~~the~~less ~~expiration~~than or30 ~~termination~~days ofby the ~~waiting~~Competition ~~period~~Bureau. ~~under~~The ~~the~~Company ~~HSR~~and ~~Act~~Parent ~~has~~are ~~been~~confident ~~satisfied.~~in ~~The~~their ~~Merger~~ability ~~has~~to ~~also~~timely ~~received~~and ~~antitrust~~effectively ~~clearance~~respond ~~from~~to the ~~Competition~~SIR. ~~Authority~~The ~~(Autoridade~~Company daand ~~Concorrência)~~Parent ofwill ~~Portugal~~continue to work closely and ~~confirmation~~cooperatively ~~from~~with the UK Competition ~~and~~Bureau ~~Markets~~as ~~Authority~~the ~~that~~agency itconducts ~~has~~its noreview ~~further~~of ~~questions.~~the Inproposed ~~addition~~Merger, ~~the~~and ~~Merger~~will ~~has~~respond ~~received~~to, ~~foreign~~and ~~investment~~expects ~~approval~~to ~~from~~expeditiously ~~the~~resolve, UKany ~~Investment~~questions ~~Security~~from ~~Unit within~~ the ~~Cabinet~~Competition ~~Office~~Bureau.

As Stericycle ~~anticipates~~previously ~~completing~~announced, in satisfaction of several of the closing conditions in the Merger asAgreement, ~~early~~the aswaiting period under the ~~fourth~~Hart-Scott-Rodino ~~quarter~~Antitrust Improvements Act of ~~2024~~1976, ~~subject~~as toamended, has expired and the ~~satisfaction~~Merger orhas ~~waiver~~also ofreceived antitrust clearance from the ~~closing~~Competition ~~conditions~~Authority ~~specified~~(Autoridade inda ~~the~~Concorrência) ~~Merger~~of ~~Agreement~~Portugal, ~~including~~foreign investment approval from the ~~clearance~~UK ofInvestment Security Unit within the ~~Merger~~Cabinet ~~under~~Office and confirmation from the ~~Canadian~~UK Competition ~~Act~~and Markets Authority that it has no further questions. In addition, the ~~Spanish~~Merger ~~Competition~~has ~~Act~~received antitrust clearance from the National Markets and ~~foreign~~Competition ~~investment~~Commission ~~laws~~(Comisión Nacional de los Mercados y la Competencia) of Spain. Stericycle previously announced that its stockholders voted to approve the adoption of the Merger Agreement (and thereby approve the Merger) on August 14, 2024, satisfying another closing condition.

The Merger remains subject to clearance under the Canadian Competition Act (as discussed above) and other customary closing conditions under the Merger Agreement, including the clearance of the Merger under the foreign investment laws of Spain, but Stericycle continues to anticipate completing the Merger as early as the fourth quarter of 2024.

Forward Looking Statements

This filing contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when Stericycle or its management is discussing its beliefs, estimates or expectations. Such statements generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates,” “continues,” “may,” “plan,” “will,” “goal,” or similar expressions. Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of our management about future events and are therefore subject to risks and uncertainties, many of which are outside Stericycle’s control, which could cause actual results to differ materially from what is contained in such forward-looking statements as a result of various factors, including, without limitation: (1) the inability to consummate the proposed transaction within the anticipated time period, or at all, due to any reason, including the failure to obtain required regulatory approvals for the proposed transaction or the failure to satisfy the other conditions to the consummation of the proposed transaction; (2) the risk that the proposed transaction disrupts Stericycle’s current plans and operations or diverts management’s attention from its ongoing business; (3) the effect of the announcement of the proposed transaction on the ability of Stericycle to retain and hire key personnel and maintain relationships with its customers, suppliers and others with whom it does business; (4) the effect of the announcement of the proposed transaction on Stericycle’s operating results and business generally; (5) the significant costs, fees and expenses related to the proposed transaction; (6) the risk that Stericycle’s stock price may decline significantly if the proposed transaction is not consummated; (7) the nature, cost and outcome of any litigation and other legal proceedings, including any such proceedings related to the proposed transaction and instituted against Stericycle and/or its directors, executive officers or other related persons; and (8) other factors that could affect Stericycle’s business such as, without limitation, inflationary cost pressure in labor, supply chain, energy, and other expenses, decreases in the volume of regulated wastes or personal and confidential information collected from customers, and disruptions resulting from deployment of systems, disruptions in our supply chain, changing market conditions in the healthcare industry, competition and demand for services in the regulated waste and secure information destruction industries, Sorted Office Paper (“SOP”) pricing volatility or pricing volatility in other commodities, changes in the volume of paper processed by our secure information destruction business and the revenue generated from the sale of SOP, and changes in governmental regulation of the collection, transportation, treatment and disposal of regulated waste or the proper handling and protection of personal and confidential information. If the proposed transaction is consummated, Stericycle’s stockholders will cease to have any equity interest in Stericycle and will have no right to participate in its earnings and future growth.

If1g the proposed transaction is consummated, Stericycle’s stockholders will cease to have any equity interest in Stericycle and will have no right to participate in its earnings and future growth. These and other factors are identified and described in more detail in Stericycle’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as Stericycle’s subsequent filings and is available online at www.sec.gov. Readers are cautioned not to place undue reliance on Stericycle’s projections and other forward-looking statements, which speak only as of the date thereof. Except as required by applicable law, Stericycle undertakes no obligation to update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

These and other factors are identified and described in more detail in Stericycle’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as Stericycle’s subsequent filings and is available online at www.sec.gov. Readers are cautioned not to place undue reliance on Stericycle’s projections and other forward-looking statements, which speak only as of the date thereof. Except as required by applicable law, Stericycle undertakes no obligation to update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

SIGNATURE

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.

STERICYCLE, INC.

Date: September 6, 2024

/s/ Janet H. Zelenka

September 24, 2024

/s/ Janet H. Zelenka

Janet H. Zelenka

Executive Vice President, Chief Financial Officer & Chief Information Officer

Filing Compare · STERICYCLE INC