Advanced Disposal Services layoffs, on the record
Every job cut, severance charge and restructuring Advanced Disposal Services reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from approximately 5,939 to approximately 6,200.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | approximately 5,939 | December 31, 2017 |
| 10-K for 2018 | approximately 6,074 | December 31, 2018 |
| 10-K for 2019 | approximately 6,200 | December 31, 2019 |
Job cuts, severance and restructuring
Our summaryEliminated positions at the corporate office, recording restructuring charges of $3.4 comprising $2.1 of accelerated stock-based compensation and $1.3 of severance.
Word for word“For fiscal 2017, we incurred restructuring charges of $3.4 due to the elimination of positions at the corporate office.” 10-K for 2017
Our summaryRecorded restructuring costs for consolidating districts in the Midwest region and the resignation of one corporate executive.
Word for word“For fiscal 2016, we incurred $0.8 of restructuring costs related to the consolidation of districts in the Midwest region and the resignation of one corporate executive.” 10-K for 2017
Our summaryFiling states no new restructuring plans were adopted and no restructuring costs were incurred.
Word for word“For fiscal 2015, no new restructuring plans were adopted and no restructuring costs were incurred.” 10-K for 2017
Our summaryRestructuring charges for the elimination of positions at the corporate office, comprising severance and accelerated stock compensation.
Word for word“For fiscal 2017, the Company incurred $3.4 of restructuring costs related to elimination of positions at the corporate office.” 10-K for 2018
Our summaryRestructuring costs for consolidating districts in the Midwest region and the resignation of one corporate executive.
Word for word“For fiscal 2016, the Company incurred $0.8 of restructuring costs related to the consolidation of districts in the Midwest region and the resignation of one corporate executive.” 10-K for 2018
Our summaryRestructuring charge recorded in fiscal 2018, a small amount, with the restructuring liability ending the year at a reduced balance after cash severance and relocation payments.
Word for word“Beginning balance $ 1.5 $ 1.0 $ 2.2 Expense 0.1 3.4 0.8 Cash expenditures Severance and relocation (1.1 ) (0.7 ) (1.4 ) Other — (0.1 ) (0.6 ) Non-cash acceleration of options — (2.1 ) — Ending balance $ 0.5 $ 1.5 $ 1.0” 10-K for 2018
Our summaryIn fiscal 2017 the company eliminated positions at its corporate office and recorded restructuring costs.
Word for word“21. Restructuring For fiscal 2017, the Company incurred $ 3.4 of restructuring costs related to elimination of positions at the corporate office.” 10-K for 2019
Our summaryOf the 2017 restructuring charges, part was stock compensation acceleration and part was severance expense.
Word for word“Of the $ 3.4 of restructuring charges, $ 2.1 related to the acceleration of stock-based compensation and $ 1.3 related to severance expense.” 10-K for 2019
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2016-12-31 | — | $800,000 |
| 2017-12-31 | $1.3 million | $3.4 million |
| 2018-12-31 | — | $100,000 |
| 2019-12-31 | — | $600,000 |
Advanced Disposal Services has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Advanced Disposal Services’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.