Republic Services (NYSE: RSG) shareholders approve board, pay plan and 2026 auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Republic Services, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on May 7, 2026. All director nominees were elected for one-year terms, each receiving over 261 million votes for, with additional broker non-votes recorded.
Shareholders approved, on an advisory basis, the compensation of the company’s named executive officers with 266,655,515 votes for and 9,087,762 against, and ratified Ernst & Young LLP as independent registered public accounting firm for 2026 with 277,390,342 votes for. The company also discussed an Arizona statute limiting voting rights above a 20% ownership threshold and noted that Cascade Investment, L.L.C. held approximately 35.5% of the common stock as of the record date.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Executive pay approval votes for: 266,655,515 votes
Executive pay votes against: 9,087,762 votes
Auditor ratification votes for: 277,390,342 votes
+5 more
8 metrics
Executive pay approval votes for
266,655,515 votes
Advisory vote on named executive officer compensation
Executive pay votes against
9,087,762 votes
Advisory vote on named executive officer compensation
Auditor ratification votes for
277,390,342 votes
Ratification of Ernst & Young LLP for 2026
Auditor ratification votes against
10,890,865 votes
Ratification of Ernst & Young LLP for 2026
Cascade ownership stake
35.5% of common stock
As of the record date for the 2026 Annual Meeting
Hypothetical shares excluded
approximately 48 million shares
Hypothetical reduction if Arizona 20% statute applied
Broker non-votes on executive pay
12,128,732 votes
Advisory vote on executive compensation
Votes for director Jon Vander Ark
275,887,447 votes
Election to Board of Directors for one-year term
Key Terms
broker non-votes, independent registered public accounting firm, Annual Meeting of Shareholders, emerging growth company, +1 more
5 terms
broker non-votes financial
"Broker non-votes | 12,128,732"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
emerging growth company regulatory
"Emerging growth company | o |"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
record date financial
"Cascade (which held approximately 35.5% of our common stock as of the record date for the Annual Meeting)"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
What were the 2026 auditor ratification results for Republic Services (RSG)?
Shareholders ratified Ernst & Young LLP as independent registered public accounting firm for 2026 with 277,390,342 votes for, 10,890,865 against, and 59,645 abstentions, confirming continued shareholder backing for the company’s external auditor selection.
What is the Arizona 20% voting limitation statute mentioned by Republic Services (RSG)?
The Arizona statute restricts voting of shares above a 20% ownership stake on matters other than director elections for certain Arizona-headquartered public companies. A 2007 federal court decision found it unconstitutional and unenforceable for Delaware corporations like Republic Services, but the company states it takes no current position on enforceability.
Were any Republic Services (RSG) director nominees rejected at the 2026 Annual Meeting?
All listed director nominees, including Jon Vander Ark and Katharine B. Weymouth, were elected for one-year terms. Each nominee received more votes for than against, alongside broker non-votes, confirming shareholder approval of the full board slate.