--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-063047" form_type: "8-K" ticker: "WM" cik: "0000823768" company_name: "WASTE MANAGEMENT INC" filed_at: "2024-05-17T23:59:59+00:00" generated_at: "2026-06-01T17:57:35.692632+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.4 calibrated_materiality_score: 0.4 confidence: "high" source: SEC EDGAR --- # Waste Management shareholders approve officer exculpation amendment; elect directors ## Summary - Charter amendment to limit officer liability for breach of duty of care approved by 266M votes (88.3% of votes cast). - All nine director nominees elected; average votes for ~295M, against ~4.7M per nominee. - Ratification of Ernst & Young as auditor for 2024: 327.5M for, 16.5M against. - Advisory vote on executive compensation passed with 279.7M for, 21.6M against. - Certificate of Amendment filed with Delaware Secretary of State effective May 14, 2024. ## SEC filing metadata - accession: 0001104659-24-063047 - form_type: 8-K - ticker: WM - cik: 0000823768 - company_name: WASTE MANAGEMENT INC - filed_at: 2024-05-17T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.4 - calibrated_materiality_score: 0.4 - confidence: high - sec_items: 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465924063047/0001104659-24-063047-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465924063047/tm2412128d3_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-063047 - JSON: https://secwatch.observer/filing/0001104659-24-063047.json - Plain text: https://secwatch.observer/filing/0001104659-24-063047.txt ## Source-grounded claims - claim_id: 983fad2aaafef95b3ccb6ebf7e3d75e166836b4a claim: WASTE MANAGEMENT INC: Stockholders approved an amendment to the Third Restated Certificate of Incorporation to provide for officer exculpation and to simplify the director exculpation provision by referencing the Delaware General Corporation Law as amended from time to time (effective 2024-05-14). evidence_excerpt: At the Annual Meeting of Stockholders of Waste Management, Inc. (the “Company”) held on May 14, 2024 (the “Annual Meeting”), the Company’s stockholders approved an amendment to the Company’s Third Restated Certificate of Incorporation (the “Certificate”) to eliminate or limit the personal liability of certain officers for monetary damages associated with claims of breach of the duty of care in certain instances (referred to as “exculpation”) as permitted by the Delaware General Corporation Law (“DGCL”) and also simplify the existing exculpation provision related to directors of the Company set forth in the Certificate by referring to the DGCL as the same exists or may hereafter be amended instead of specifying each instance where exculpation for directors is currently not available under the DGCL (the “Charter Amendment”). evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924063047/0001104659-24-063047-index.htm - claim_id: 3f768838aa0ad97d897a0250317e7a0f2a2cc027 claim: WASTE MANAGEMENT INC shareholders approved Election of nine director nominees. evidence_excerpt: 1. Election to the Company’s Board of Directors of the following nine director nominees: Name For Against Abstentions Broker Non-Votes Thomas L. Bené 298,944,012 3,021,689 358,398 42,325,852 Bruce E. Chinn 298,749,747 3,215,839 358,513 42,325,852 James C. Fish, Jr. 298,860,021 3,107,616 356,462 42,325,852 Andrés R. Gluski 292,489,565 9,478,223 356,311 42,325,852 Victoria M. Holt 286,998,734 14,975,886 349,479 42,325,852 Kathleen M. Mazzarella 292,298,272 9,669,679 356,148 42,325,852 Sean E. Menke 293,876,225 8,091,150 356,724 42,325,852 William B. Plummer 295,627,666 6,339,435 356,998 42,325,852 Maryrose T. Sylvester 293,209,573 8,778,902 335,624 42,325,852 evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924063047/0001104659-24-063047-index.htm - claim_id: a7a61eb0677b92354782a6cae30c0bd5cff54f78 claim: WASTE MANAGEMENT INC shareholders approved Advisory vote to approve executive compensation. evidence_excerpt: 3. Approval, on an advisory basis, of the Company’s executive compensation as described in the Company’s 2024 proxy statement: For Against Abstentions Broker Non-Votes 279,746,494 21,569,162 1,008,443 42,325,852 evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924063047/0001104659-24-063047-index.htm - claim_id: dde2839cccbc607a84dc461b920a0e9a2c71dec9 claim: WASTE MANAGEMENT INC shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-12-31 meeting. evidence_excerpt: 2. Ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024: For Against Abstentions 327,464,750 16,486,752 698,449 evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924063047/0001104659-24-063047-index.htm - claim_id: f7387f9ec16cbe039be25e928a18d282eea0b14f claim: WASTE MANAGEMENT INC shareholders approved Amendment to the Certificate of Incorporation to Provide for Officer Exculpation. evidence_excerpt: 4. Approval of an Amendment to the Certificate of Incorporation to Provide for Officer Exculpation: For Against Abstentions Broker Non-Votes 266,220,807 35,233,110 870,182 42,325,852 evidence_url: https://www.sec.gov/Archives/edgar/data/823768/000110465924063047/0001104659-24-063047-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.