April 16, 2014 2:35 AM ET

Commercial Services and Supplies

Company Overview of Hi-Rise Recycling Systems, Inc.

Company Overview

Hi-Rise Recycling Systems, Inc. engages in the manufacture, distribution, marketing, and sale of recycling and solid waste handling equipment. Its Solid Waste Division offers a line of products and systems, including various metal containers used for the collection of waste material and recyclables; balers and compactors used for the processing of waste materials; and intermodal and roll-off containers, transfer trailers, roll-off hoists, tarps, vacuum units, and other specialized equipment used for the collection and transportation of solid, liquid, and hazardous waste materials. In addition to waste containers, the Solid Waste Division also sells trash compaction systems, balers and hopper...

8505 NW 74th Street

Miami, FL 33166

United States

Founded in 1990

561 Employees





Key Executives for Hi-Rise Recycling Systems, Inc.

Acting Chief Executive Officer
Age: 70
Chief Financial Officer
Age: 60
Executive Vice President - Business Development and Sales and President-Bes-Pac Inc
Age: 62
Acting Chief Operating Officer - Architectural Division and Executive Vice President - New Construction Sales
Age: 54
Acting Chief Operating Officer - Solid Waste Division
Age: 66
Compensation as of Fiscal Year 2013.

Hi-Rise Recycling Systems, Inc. Key Developments

SEC Revokes Registration Of Securities Of Hi-Rise Recycling Systems

An Administrative Law Judge has issued an Order Making Finding and Revoking Registrations by Default as to Hi-Rise Recycling Systems, Inc. The Order Instituting Proceeding alleged that the company repeatedly failed to timely file periodic reports while its securities were registered with the Securities and Exchange Commission (SEC). The Default Order finds these allegations to be true as to the company and revokes the registration of each class of the registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act).

SEC Orders Hearing On Registration Suspension Or Revocation Against Hi-Rise Recycling Systems

On January 7, 2013, the Securities and Exchange Commission (SEC) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of Hi-Rise Recycling Systems, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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