Summary
Republic Services, Inc. (RSG) filed an 8-K on November 4, 2010, primarily to disclose its financial results for the third quarter and the first nine months of 2010, as well as a significant share repurchase authorization. The filing includes a press release detailing the company's operational and financial performance for the period ending September 30, 2010. In addition to the financial results, investors will find information regarding a new share buyback program. The Board of Directors has authorized the repurchase of up to $400.0 million of outstanding shares, with the program set to conclude by December 31, 2011. This action signals the company's confidence in its financial position and its commitment to returning value to shareholders.
Key Highlights
- 1Republic Services announced its financial results for the three and nine months ended September 30, 2010.
- 2The company's Board of Directors authorized a new share repurchase program.
- 3The authorized share repurchase is valued at up to $400.0 million.
- 4The share repurchase program is authorized through December 31, 2011.
- 5The filing incorporates by reference the press release detailing the Q3 2010 financial results (Exhibit 99.1).
- 6The filing incorporates by reference the press release announcing the share repurchase authorization (Exhibit 99.2).