Form 8-K for NATIONAL WASTE MANAGEMENT HOLDINGS, INC.


12-Jan-2016

Other Events

Item 8.01 Other Events. On December 22, 2015, the Board of Directors (the “Board”) of National Waste Management Holdings, Inc. (the “Company”) formed and adopted charters for three standing committees: audit committee, compensation committee, and corporate governance and nominating committee (together, the “Committees”) of the Board. The Company believes that the formation of these Committees will position it to uplist to a higher exchange in the future.In addition, the Board adopted an insider trading policy that allows insiders to sell securities of the Company pursuant to pre-arranged trading plans.This insider trading policy was put in place because effective October 23, 2000, the Securities and Exchange Commission (the “SEC”) adopted rules related to insider trading. One of these rules, Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, provides an exemption to the insider trading rules in the form of an affirmative defense. Rule 10b5-1 recognizes the creation of formal programs under which executives and other insiders may sell the securities of publicly traded companies on a regular basis pursuant to written plans that are entered into at a time when the plan participants are not aware of material non-public information and that otherwise comply with the requirements of Rule 10b5-1.