Waste Connections Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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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.
| (d) | Exhibit. |
| 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 | ||