rsg-20200728
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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): July 28, 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






TABLE OF CONTENTS
 
SIGNATURES
 EX-99.1
 EX-104

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 28, 2020, the Board of Directors (the "Board") of Republic Services, Inc. ("Republic") elected Michael A. Duffy, 50, to serve on the Board, effective immediately. Mr. Duffy will initially be a member of the Audit Committee as well as the Sustainability & Corporate Responsibility Committee.
Mr. Duffy will receive equity and cash compensation in accordance with Republic's previously adopted compensation arrangements for non-employee directors, including: (1) an annual grant of restricted stock units ("RSUs") that have a fair market value of $230,000 as of the grant date, with the grant for 2020 to be prorated for the portion of the year following his election to the Board; and (2) an annual retainer of $100,000 to be prorated for the portion of 2020 following his election to the Board. In addition, at the end of any quarter in which dividends are distributed to stockholders, Republic's non-employee directors, including Mr. Duffy, receive additional RSUs with a value (based on the closing price of Republic common stock on the dividend payment date) equal to the value of dividends they would have received on all RSUs they held on the dividend payment date. The RSUs vest immediately upon grant and will be settled through the issuance of shares of Republic common stock upon the director's termination of service from the Board or three years after they are granted, unless they are deferred into Republic's Deferred Compensation Plan.
There is no arrangement or understanding between Mr. Duffy and any other persons pursuant to which he was selected as a director. Mr. Duffy has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
On July 30, 2020, Republic issued a press release announcing Mr. Duffy's election to the Board. 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
 Press release of Republic Services, Inc. dated July 30, 2020 to announce the election of Mr. Duffy.
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

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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:July 30, 2020By:  /s/ Catharine D. Ellingsen
  Catharine D. Ellingsen
  Executive Vice President, Chief Legal Officer, Chief Ethics & Compliance Officer and Corporate Secretary

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Document

EXHIBIT 99.1

https://cdn.kscope.io/3b5ecd4e6468c70c638f92a0e857d721-image111.jpg
Republic Services, Inc. Appoints Michael A. Duffy
to its Board of Directors

PHOENIX (July 30, 2020) – Republic Services, Inc. (NYSE: RSG) today announced that supply chain industry executive Michael A. Duffy has been appointed to its Board of Directors, bringing its membership to a total of 11. He will serve on the Audit Committee as well as the Sustainability & Corporate Responsibility Committee.

Duffy, 50, is CEO of C&S Wholesale Grocers, Inc., the nation’s largest wholesale grocery distributor and 10th largest privately held company based on revenue. C&S is a leader in supply chain innovation, distributing over 137,000 unique products to more than 7,700 independent supermarkets, chain stores, military bases and institutions.

Duffy’s experience includes 10 years as a division president at Cardinal Health, with oversight of products and services for hospital clients as well as the company’s global supply chain. Earlier, he served as vice president over the global supply chain of Gillette Co. and later P&G, and he has deep experience in mergers and acquisitions. As CEO, Duffy serves on the board of C&S, and is a board member of the Food Marketing Institute and the Retail Industry Leaders Association.

“Mike is a natural leader whose CEO experience and focus on strategic development and customer satisfaction add tremendous value to our Board,” said Chief Executive Officer Donald W. Slager. “Mike’s skillset will be an asset as we continue to advance Republic’s strategy of profitable growth through differentiation, and I look forward to working with him.”




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 operations, 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 InquiriesInvestor Inquiries
Donna Egan (480) 757-9748 Stacey Mathews (480) 718-6548
media@RepublicServices.com 
Nicole Giandinoto (480) 627-7098
investor@RepublicServices.com
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