Summary
This Form 8-K filing by Republic Services, Inc. (RSG) on June 2, 2009, primarily announces a temporary suspension of trading, also known as a "blackout period," affecting the company's 401(k) plan. This blackout period is necessary to facilitate the merger of the Republic Services 401(k) Plan into the Allied Waste Industries, Inc. 401(k) Plan. During this time, participants will be unable to access their accounts, make investment changes, or request loans or distributions.
Key Highlights
- 1Republic Services, Inc. is implementing a blackout period for its 401(k) plan participants.
- 2The blackout period is scheduled to begin on June 26, 2009, and end on July 10, 2009.
- 3The reason for the blackout is the merger of the Republic Services 401(k) Plan into the Allied Waste Industries, Inc. 401(k) Plan.
- 4During the blackout, participants cannot access account information, change investments, take loans, or initiate distributions.
- 5This action is in accordance with Section 306 of the Sarbanes-Oxley Act of 2002 and SEC Regulation BTR.
- 6Notice of the blackout period was previously sent to participants on May 26, 2009.
Frequently Asked Questions
The main purpose of this 8-K filing is to inform investors and relevant parties about a temporary suspension of trading ('blackout period') for Republic Services, Inc.'s 401(k) plan. This suspension is required to merge the company's 401(k) plan with the Allied Waste Industries, Inc. 401(k) plan.
During the blackout period, participants will be unable to access their 401(k) account information, make any changes to their investments (including diversification or transactions in company stock), obtain a loan from their account, or request a distribution of funds.
The filing states the merger is to effect a direct transfer of all assets from the Republic Services 401(k) Plan to the Allied Waste Industries, Inc. 401(k) Plan. This merger will also result in changes to the record-keeper, trustee, and investment options available in both plans.
Interested persons can obtain information regarding the blackout period, including its actual ending date, without charge. This information can be obtained by contacting Michael Rissman, acting General Counsel, at Republic Services, Inc., 18500 North Allied Way, Phoenix, Arizona 85054, or by calling (480) 627-2700.