Republic Services, Inc 8-K/A, filed Aug 31, 2023
Republic Services, Inc. (RSG)
About this 8-K/A
Republic Services, Inc filed this 8-K/A on August 31, 2023, reporting on events of August 17, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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(Amendment No. 1)
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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. |
| • | $1,420,000, to be paid in equal installments over a twenty-four month period beginning 60 days after the Effective Date; |
| • | a prorated amount of any 2023 annual bonus earned in accordance with the Company’s Executive Incentive Plan, payable at the same time as bonuses are paid to other executive officers; |
| • | vesting in a prorated portion of any performance share (“PSU”) awards earned in respect of the 2021-2023 performance period, payable in accordance with the terms of the award agreement; |
| • | continued vesting of any Company equity awards, including restricted stock unit awards, outstanding on the Effective Date, for a period of one year following the Effective Date; and |
| • | continuation of Company health plan benefits for up to two years if Mr. Stuart elects to continue coverage under COBRA. |
In exchange for the payments and benefits to Mr. Stuart, Mr. Stuart has released the Company from any and all claims (with certain limited exceptions), has agreed to certain confidentiality, non-disparagement, cooperation and assistance, and liquidated damages provisions, and has agreed to continue to be bound by certain non-competition, non-solicitation and confidentiality obligations pursuant to a pre-existing agreement with the Company.
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: August 31, 2023 | By: | /s/ Catharine D. Ellingsen | ||||
| Catharine D. Ellingsen | ||||||
| Executive Vice President, Chief Legal Officer, Chief Ethics and Compliance Officer and Corporate Secretary | ||||||