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AI brief of an SEC Form 8-K · Waste Management (WM)

WM CFO Devina Rankin to resign; David Reed named successor effective November 1, 2025

Neutral Impact 4 of 5 leadership Written later

WM's Executive Vice President and Chief Financial Officer Devina Rankin gave notice on August 21, 2025 that she will resign, effective November 1, 2025 or the day after the Form 10-Q for the quarter ended September 30, 2025 is filed if later, and will remain an executive advisor through March 2026. The Board elected David L. Reed, currently Vice President and Business Partner for the West Tier operations, to succeed her as CFO, with a base salary of $700,000 and a target annual cash incentive of 100% of base salary.

Key points

  • Devina Rankin resignation effective November 1, 2025 (or the day after the Q3 2025 Form 10-Q filing, if later); executive advisor through March 2026
  • David L. Reed, age 47, elected EVP and CFO effective on the same date; previously WM Vice President and Treasurer from July 2017 to December 2022
  • Reed's base salary to rise to $700,000; RSU award valued at $565,000 to be granted November 3, 2025, vesting 34%, 33%, 33% over three years
  • CEO Jim Fish cited Rankin's role on senior leadership since becoming CFO in 2017

The filing

CompanyWaste Management (WM)
Form8-K, current report
Filed with the SECAug 22, 2025, 4:17 PM ET
Accession number0001104659-25-081894

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 22, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.