rsg-20200520
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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): May 20, 2020
Republic Services, Inc.
(Exact name of registrant as specified in its charter)
     
Delaware 1-14267 65-0716904
(State or other jurisdiction of
incorporation)
 (Commission File Number) (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: (480627-2700
Not Applicable
(Former name or former address, if changed since last report.)

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

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol
Name of exchange on which registered
Common Stock, par value $0.01 per share
RSG
New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o






Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 20, 2020, Republic Services, Inc. ("Republic" or the "Company") announced that Charles F. Serianni, 58, has provided the Company one year notice of his intention to retire from the Company effective June 1, 2021. Effective June 1, 2020, Mr. Serianni will transition from his role as Executive Vice President and Chief Financial Officer to the role of Special Advisor to the CEO.
On May 20, 2020, the Company also announced that Brian M. DelGhiaccio has been appointed to the position of Executive Vice President and Chief Financial Officer effective June 1, 2020, succeeding Mr. Serianni. Mr. DelGhiaccio, 47, has been with Republic since 1998 and he is currently serving as Executive Vice President and Chief Transformation Officer, a position he has held since June 30, 2019. Previously, Mr. DelGhiaccio served as the Senior Vice President, Business Transformation Office since 2017. Prior to that, Mr. DelGhiaccio served as the Senior Vice President, Finance from 2014 to 2017 and he served as the Vice President, Investor Relations from 2012 to 2014. Prior to his 21 years with the Company, Mr. DelGhiaccio was a senior consultant with Arthur Andersen.
In connection with the appointment to his new position, Mr. DelGhiaccio will receive a salary and will continue to participate in the Company’s executive incentive plan, stock incentive plan, deferred compensation plan and other benefits plans in amounts commensurate with his new position to be approved by the Management Development and Compensation Committee of the Company’s Board of Directors.
There is no arrangement between Mr. DelGhiaccio and any person, pursuant to which he was selected as the Company’s Executive Vice President and Chief Financial Officer. Mr. DelGhiaccio has no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
A copy of the Company’s press release dated May 20, 2020, announcing the aforementioned executive management changes, is attached as Exhibit 99.1 to this report and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
Press release dated May 20, 2020
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document




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.
 REPUBLIC SERVICES, INC.
Date:May 20, 2020By:  /s/ Catharine D. Ellingsen
  Catharine D. Ellingsen
  Executive Vice President, Chief Legal Officer, Chief Ethics & Compliance Officer and Corporate Secretary


Document

EXHIBIT 99.1
https://cdn.kscope.io/ed8b0a6894d8aacc22e7a9b0dded4807-image11.jpg
Republic Services Announces CFO Transition

Charles F. Serianni Retiring after 23 Years with the Company
Brian DelGhiaccio Named CFO

PHOENIX (May 20, 2020) – Republic Services, Inc. (NYSE: RSG) today announced that after 23 years with the Company, Charles F. "Chuck" Serianni, executive vice president and chief financial officer, has provided the Company one-year notice of his intent to retire, effective June 1, 2021. Mr. Serianni, 58, will be succeeded on June 1, 2020 by current executive vice president and chief transformation officer, Brian DelGhiaccio, 47. Mr. Serianni will stay on as a special advisor to the CEO until his retirement in 2021 and will also work closely with Mr. DelGhiaccio to ensure a seamless transition.

"On behalf of the entire board and management team, I thank Chuck for his leadership over his more than two-decade career at Republic Services,” said chief executive officer Donald W. Slager. "Since his appointment to CFO nearly six years ago, Chuck has played an important role executing our strategic plan and delivering superior returns to our shareholders. We thank Chuck for his numerous contributions and wish him well in his retirement."

"Brian is a proven member of our leadership team and has a deep understanding of our business objectives that drive long-term growth and shareholder value. His broad financial experience, deep business acumen and successful tenure at Republic position him and the Company for continued success," said Mr. Slager. “This appointment reflects Republic's ongoing commitment to cultivating talent, ensuring continuity of leadership, building strong teams, and managing our business to ensure stability and durability. I have tremendous confidence in Brian’s ability to lead and provide counsel as we continue to innovate, drive superior financial performance and create increased value for shareholders."

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Mr. DelGhiaccio joined Republic Services in 1998 and has since held roles of increasing responsibility across the finance organization, including accounting, financial planning & analysis, investor relations, treasury and risk management. In his current role, as executive vice president and chief transformation officer, he is responsible for enhancing the process and accountability of the Company’s operating standards and facilitating the development, prioritization, implementation and oversight of Republic’s strategic initiatives. He also leads the information technology, cyber security and data management departments. Prior to joining Republic, Mr. DelGhiaccio worked at Arthur Andersen as a senior consultant.

Mr. DelGhiaccio holds a bachelor’s degree in finance and accounting from the University of Arizona and is a certified public accountant.

About Republic Services

Republic Services, Inc. is an industry leader in U.S. recycling and non-hazardous solid waste disposal. Through its subsidiaries, Republic’s collection companies, transfer stations, recycling centers, landfills, and environmental services provide effective solutions to make responsible recycling and waste disposal effortless for its customers across the country. Its 36,000 employees are committed to providing a superior experience while fostering a sustainable Blue Planet® for future generations to enjoy a cleaner, safer and healthier world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter and @republic_services on Instagram.


For more information, contact:
Media Inquiries     Investor Inquiries
Donna Egan (480) 757-9748   Nicole Giandinoto (480) 627-7098
media@RepublicServices.com    investor@RepublicServices.com
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