0001193125-23-146984.txt : 20230517 0001193125-23-146984.hdr.sgml : 20230517 20230517160532 ACCESSION NUMBER: 0001193125-23-146984 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20230512 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20230517 DATE AS OF CHANGE: 20230517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC SERVICES, INC. CENTRAL INDEX KEY: 0001060391 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] IRS NUMBER: 650716904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14267 FILM NUMBER: 23931640 BUSINESS ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 BUSINESS PHONE: 480 627 2700 MAIL ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 FORMER COMPANY: FORMER CONFORMED NAME: REPUBLIC SERVICES INC DATE OF NAME CHANGE: 19980423 8-K 1 d468224d8k.htm 8-K 8-K
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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 12, 2023

 

 

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: (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 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(s)

 

Name of each 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 (§232.405 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.  ☐

 

 

 


Item 5.07

Submission of Matters to a Vote of Security Holders

On May 12, 2023, Republic Services, Inc. (“Republic” or the “Company”) held its 2023 Annual Meeting of Shareholders (the “Annual Meeting”). The shareholders voted on the matters set forth below:

 

1.

The nominees for election to the Board of Directors were elected, each for a one-year term, based on the following votes:

 

Nominee

   Votes For      Votes Against      Abstentions      Broker
Non-Votes
 

Manuel Kadre

     276,540,742        3,160,986        124,320        13,371,194  

Tomago Collins

     277,823,360        1,804,468        198,220        13,371,194  

Michael A. Duffy

     278,201,044        1,502,308        122,696        13,371,194  

Thomas W. Handley

     267,110,488        12,589,671        125,889        13,371,194  

Jennifer M. Kirk

     273,609,655        6,079,254        137,139        13,371,194  

Michael Larson

     248,714,525        30,987,469        124,054        13,371,194  

James P. Snee

     272,262,531        7,439,841        123,676        13,371,194  

Brian S. Tyler

     278,197,696        1,506,454        121,898        13,371,194  

Jon Vander Ark

     278,684,547        1,015,943        125,558        13,371,194  

Sandra M. Volpe

     273,896,542        5,814,861        114,645        13,371,194  

Katharine B. Weymouth

     242,522,432        37,187,590        116,026        13,371,194  

 

2.

The proposal to approve the compensation of the Company’s named executive officers was approved based on the following advisory, non-binding votes:

 

Votes for

     272,146,201  

Votes against

     6,594,662  

Abstentions

     1,085,185  

Broker non-votes

     13,371,194  

 

3.

The advisory vote on the frequency of an advisory vote on named executive officer compensation was approved for ONE YEAR based on the following votes:

 

Votes for ONE YEAR

     274,394,421  

Votes for TWO YEARS

     75,218  

Votes for THREE YEARS

     5,204,260  

Abstentions

     152,149  

Broker non-votes

     13,371,194  

 

4.

The proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2023 approved based on the following votes:

 

Votes for

     284,440,942  

Votes against

     8,642,209  

Abstentions

     114,091  

 


According to an Arizona statute, if a person or group acquires 20% or more of the stock of a public corporation, the shares in excess of the 20% threshold may not be voted on matters other than the election of directors (subject to limited exceptions). This statute, on its face, applies to any public company that is headquartered in Arizona, has assets of at least $1 million in Arizona and has more than 500 Arizona employees. In a 2007 decision, a federal court in Arizona stated that the statute is unconstitutional and unenforceable in the case of an entity, like Republic, that is incorporated in Delaware. If the statute were deemed to be enforceable and applicable to us and to the shares of our common stock held by Cascade Investment, L.L.C. (“Cascade”) (which held approximately 34.8% of our common stock as of the record date for the Annual Meeting), approximately 46 million fewer shares would have been voted for each of proposals two through six, but the outcome of the decisions on those matters would not have been impacted. The Company does not currently take any position regarding the enforceability of the statute or its application to us or the common stock voted by Cascade.

 


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 17, 2023     By:  

/s/ Catharine D. Ellingsen

     

Catharine D. Ellingsen

Executive Vice President, Chief Legal Officer,

Chief Ethics & Compliance Officer and Corporate Secretary

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