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Section 1: 8-K (SRCL-8K_20180928)

srcl-8k_20180928.htm

 

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 28, 2018

 

Stericycle, Inc.

 

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

Delaware

 

1-37556

 

36-3640402

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)

28161 North Keith Drive

Lake Forest, Illinois 60045

(Address of principal executive offices including zip code)

(847) 367-5910

(Registrant’s telephone number, including area code)

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 CR 230.425)

    Soliciting material pursuant to Rule 425 under the Securities 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.

 


Item 5.02.

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

 

 

On September 28, 2018, Stericycle, Inc. (the “Company”) announced that Cindy J. Miller will join the Company on October 1, 2018 to serve as the Company’s President and Chief Operating Officer.

 

Ms. Miller, age 56, most recently served as President, Global Freight Forwarding at United Parcel Service (“UPS”), a position she held since 2016. From March 2013 to 2016, Ms. Miller served as President, Europe Region, Brussels BE at UPS, which is UPS’s largest business unit outside of the United States. Ms. Miller joined UPS in 1988 as a package car driver and has since served in numerous management roles, including district manager for various U.S. regions and managing director of global districts. Ms. Miller has a Bachelor of Arts in Humanities and Business from Pennsylvania State University and an Executive MBA from the London Business School.

 

Ms. Miller will participate in the Company’s compensation programs on terms consistent with her position as the President and Chief Operating Officer of the Company.

 

There are no arrangements or understandings between Ms. Miller and any other persons pursuant to which she was appointed as President and Chief Operating Officer and no family relationships among any of the Company’s directors or executive officers and Ms. Miller.  Ms. Miller has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

 

On September 28, 2018, the Company also announced that Joseph B. Arnold, Executive Vice President and Chief Operating Officer, will be stepping down from those roles effective immediately.  Mr. Arnold will remain employed by the Company in an advisory role for a period of time to assist with transition of his responsibilities and is expected to leave the Company by the end of 2018.

 

Item 9.01    Financial Statements and Exhibits

(d)

Exhibits

99.1

Press Release dated September 28, 2018.

 


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 thereunto duly authorized.

 

 

 

Dated: September 28, 2018

Stericycle, Inc.

 

 

 

 

 

By:

/s/ Daniel V. Ginnetti

 

 

 

Daniel V. Ginnetti

 

Executive Vice President and Chief Financial Officer

 

 

 

 

 

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Section 2: EX-99.1 (EX-99.1)

srcl-ex991_14.htm

EXHIBIT 99.1

 

Stericycle Appoints Cindy J. Miller as President and Chief Operating Officer

 

LAKE FOREST, Ill., September 28, 2018 -- Stericycle, Inc. (Nasdaq: SRCL) today announced that Cindy J. Miller has been appointed as President and Chief Operating Officer effective October 1st.

 

“Cindy is a highly accomplished senior executive with 30 years of global leadership in transportation, logistics and operations,” said Charles A. Alutto, Stericycle’s Chief Executive Officer.  “This is an important and transformational time for Stericycle.  I am extremely pleased to have an executive with her strong track record of driving growth and profitability join our leadership team.  Cindy’s success has been built on a commitment to longer-term strategies, performance improvements, technology, and customer engagement.”

 

Miller is joining Stericycle after a successful career at UPS, where she worked her way up the organization from driver to senior executive.  Most recently, Miller served as President of Global Freight Forwarding, a $3 billion-dollar business unit with 8,000 employees.  Prior to that role, she served as President of UPS’ European Region and as Managing Director for several global and U.S. operating regions.  

 

As President and COO of Stericycle, Miller will be responsible for the global operations of the Company’s medical waste, hazardous waste, and secure information destruction lines, as well as the execution of Stericycle’s Business Transformation.  Aligning these responsibilities under one global leader is expected to further advance the Company’s efforts to globalize business processes and successfully execute on the Business Transformation. Oversight of the Communication and Related Services business will continue under Chief Executive Officer Charlie Alutto.

 

The appointment of Miller as President and COO is part of a long-term executive leadership development and succession planning process to ensure Stericycle’s continued success.

 

Miller holds a bachelor's degree from Pennsylvania State University and an Executive MBA from the London Business School. Miller will be relocating to the greater Chicago area.

 

Stericycle also announced that Brent Arnold, Stericycle’s current Chief Operating Officer, will be leaving the company by the end of the year.  The Company is grateful to Mr. Arnold for his many contributions, leadership, and dedication to Stericycle’s customers and team members.

 

FOR FURTHER INFORMATION CONTACT:  Stericycle Investor Relations at 847-607-2012

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