UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 15, 2011 (August 15, 2011)

Republic Services, Inc.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation)		1-14267 (Commission File Number)		65-0716904 (IRS Employer Identification No.)

18500 North Allied Way
Phoenix, Arizona		85054
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (480) 627-2700

Not Applicable
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

TABLE OF CONTENTS

Item 8.01 Other Events		3
SIGNATURES		4
EX-99.1

Item 8.01 Other Events

On August 15, 2011, the Company issued a press release announcing that its Board of Directors authorized the repurchase of up to $750 million of its outstanding shares through December 31, 2013. A copy of this press release is incorporated herein by reference as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

     (d) Exhibits

Exhibit
No.		Description
99.1		Press release of Republic Services, Inc. issued August 15, 2011 to announce the Board of Directors’ authorization of the repurchase of up to $750 million of its outstanding shares through December 31, 2013.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Exhibit 99.1

REPUBLIC CONTACTS
Media Inquiries: Will Flower     (480) 718-6565
Investor Inquiries: Ed Lang     (480) 627-7128

Republic Services, Inc. Authorizes
$750 million for stock repurchases

    •     Program extends through 2013
    •     Supports long-term stockholder returns

Phoenix, AZ, Aug. 15, 2011 — Republic Services, Inc. (NYSE: RSG) today announced that its Board of Directors has authorized the repurchase of up to $750 million of its common stock through December 31, 2013. This authorization is in addition to the amount remaining under the Board’s $400 million repurchase authorization in November 2010.

“Republic will continue to utilize the stock repurchase program as an effective way to increase long-term value for our stockholders,” said Donald W. Slager, president and chief executive officer. “Republic is maintaining its long-term objectives of cash returns to stockholders, a strong capital structure and investment grade ratings.”

At current prices, $750 million represents approximately 7.4 percent of the Company’s outstanding shares of stock.

Republic’s stock repurchase will be funded using excess cash on hand, cash flow from operations and proceeds from borrowings, if necessary. The stock repurchases may be made in the open market, in privately negotiated transactions or a combination of both. The timing and amounts of any repurchases will be at the discretion of management and will depend on many factors, including the market price of the common stock, overall market conditions and possible acquisitions. The common stock that is repurchased will be held in treasury.

About Republic

Republic Services, Inc. provides recycling and solid waste collection, transfer and disposal services in the United States. The Company’s various operating units, including collection companies, transfer stations, recycling centers and landfills, are focused on providing reliable environmental services and solutions for commercial, industrial, municipal and residential customers. For more information, visit the Republic Services website at www.republicservices.com. The Company participates in investor presentations and conferences throughout the year. Interested parties can find a schedule of these conferences at www.republicservices.com by selecting “Calendar” under the Investor Relations tab. Live audio presentations from earnings calls and investor conferences are webcast on the Republic website.