American Ecology announces termination of Stockholder Rights Plan, names new director.HOUSTON--(BUSINESS WIRE)--March 31, 1995--American Ecology Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ), a hazardous waste disposal and services company, today announced that its Board of Directors voted to terminate the Company's Stockholder Rights Plan and to redeem all of the plan's Common Stock Purchase Rights. The termination of the plan was effective on March 29, 1995. The rights will be redeemed for $.01 per right, payable on April 15, 1995, to stockholders of record at the close of business on April 10, 1995. Separately, the Board elected Jack J. Agresti to the Board of Directors, increasing the size of the board to nine members. Agresti is President and Chief Executive Officer of Guy F. Atkinson Company, a nationally recognized firm involved with civil, industrial and building construction. American Ecology operates a chemical waste disposal facility in Nevada and two in Texas. The Company also operates a low-level radioactive waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests) (LLRW LLRW Low-Level Radioactive Waste ) disposal facility in Washington, has received a license approval for a similar facility in California, has a license application pending for a LLRW disposal facility in Nebraska, and operates a LLRW processing facility in Tennessee. Services provided by the Company include waste packaging, transportation, consulting, pretreatment pretreatment, n the protocols required before beginning therapy, usually of a diagnostic nature; before treatment. pretreatment estimate, n See predetermination. , disposal, fuels blending, recycling and clean-up services. The Company's common stock trades on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol ECOL. CONTACT: American Ecology Corp., Houston C. Clifford Wright Jr. or William P. McCaughey, 713/624-1900 |
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