Ian Craig joins Republic Services (NYSE: RSG) board as company declares dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Republic Services, Inc. announced that its board appointed Ian Craig, 53, to serve as a director effective February 10, 2026. He will sit on the Audit Committee and the Sustainability & Corporate Responsibility Committee and receive prorated annual compensation of $230,000 in restricted stock units and a $100,000 cash retainer.
The company also declared a regular quarterly dividend of $0.625 per share for shareholders of record on April 2, 2026, payable on April 15, 2026. A press release on February 12, 2026, highlighted Craig’s extensive leadership experience, including his current role as CEO of Coca-Cola FEMSA and his background in digital transformation and sustainability initiatives.
Positive
- None.
Negative
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8-K Event Classification
3 items: 5.02, 8.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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): February 10, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
Registrant’s telephone number, including area code: (480 ) 627-2700
18500 North Allied Way
Phoenix, Arizona 85054
(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:
Securities Registered Pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 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. o | |||||
TABLE OF CONTENTS
| Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | 3 | ||||||||||
Item 8.01 Other Events. | 3 | ||||||||||
Item 9.01 Financial Statements and Exhibits. | 3 | ||||||||||
SIGNATURES | 4 | ||||||||||
| EX-99.1 | |||||||||||
| EX-104 | |||||||||||
2
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 10, 2026, the Board of Directors (the “Board”) of Republic Services, Inc. (“Republic”) appointed Ian Craig, 53, to serve on the Board, effective immediately. Mr. Craig will initially be a member of the Board’s Audit Committee and Sustainability & Corporate Responsibility Committee.
Mr. Craig will receive equity and cash compensation in accordance with Republic’s previously adopted compensation arrangements for non-employee directors, including: (1) an annual grant of restricted stock units (“RSUs”) that have a fair market value of $230,000 as of the grant date, with the grant for 2026 to be prorated for the portion of the year following his appointment to the Board; and (2) an annual retainer of $100,000, to be prorated for the portion of 2026 following his appointment to the Board. In addition, at the end of any quarter in which dividends are distributed to stockholders, Republic’s non-employee directors, including Mr. Craig, receive additional RSUs with a value (based on the closing price of Republic common stock on the dividend payment date) equal to the value of dividends they would have received on all RSUs they held on the dividend payment date. The RSUs vest immediately upon grant and will be settled through the issuance of shares of Republic common stock upon the director’s termination of service from the Board or three years after they are granted, unless they are deferred into Republic’s Deferred Compensation Plan.
There is no arrangement or understanding between Mr. Craig and any other persons pursuant to which he was selected as a director. Mr. Craig has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
On February 12, 2026, Republic issued a press release announcing Mr. Craig’s election to the Board. A copy of this press release is incorporated herein by reference as Exhibit 99.1.
On February 10, 2026, the Board of Directors of Republic Services, Inc. declared a regular quarterly dividend of $0.625 per share for shareholders of record on April 2, 2026. The dividend will be paid on April 15, 2026.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
99.1 | Press release, dated February 12, 2026, announcing the appointment of Mr. Craig | |||||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
3
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: | February 12, 2026 | By: | /s/ Catharine D. Ellingsen | ||||||||
| Catharine D. Ellingsen | |||||||||||
| Executive Vice President, Chief Legal Officer, Chief Ethics & Compliance Officer and Corporate Secretary | |||||||||||
4
Exhibit 99.1
Republic Services, Inc. Appoints Ian Craig
to its Board of Directors
PHOENIX (February 12, 2026) – Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, today announced that Ian Craig has been appointed to its board of directors. The company’s board now consists of 13 members, including 12 independent directors.
Craig, 53, currently serves as chief executive officer of Coca-Cola FEMSA, Latin America's largest bottling company, operating in 10 countries with $16 billion in annual revenue and a market capitalization of $23 billion. Under Craig's leadership, Coca-Cola FEMSA has accelerated its digital transformation and sustainability initiatives, including driving renewable energy use in its plants and implementing impactful plastic bottle collection programs.
Prior to becoming CEO in 2023, Craig held numerous leadership positions at Coca-Cola FEMSA including chief operating officer for Brazil and Argentina, and various financial leadership roles. Throughout his career, he has demonstrated expertise in strategic growth, having led more than $7 billion in mergers and acquisitions across Latin America.
"Ian brings exceptional international business experience and a strong track record of operational excellence to our board," said Manny Kadre, chairman of the board at Republic Services. "His expertise in digital transformation and sustainability initiatives aligns perfectly with Republic's commitment to environmental stewardship and innovation."
"Ian's proven ability to drive growth in complex markets and his focus on sustainability initiatives will be invaluable as we continue to expand our business," said Michael Larson, Republic Services board member and chair of the Nominating and Corporate Governance Committee. "His perspective on building digital platforms and implementing AI-enabled capabilities will help advance our strategic priorities."
Craig earned an MBA from the University of Chicago, a master's degree in international commercial law and a bachelor's degree in industrial and systems engineering from Mexico's Instituto Tecnológico y de Estudios Superiores de Monterrey.
About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the Company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic’s industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.
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| For more information, contact: | |||||
Media Inquiries | Investor Inquiries | ||||
Roman Blahoski (480) 718-0328 | Aaron Evans (480) 718-0309 | ||||
media@RepublicServices.com | investor@RepublicServices.com | ||||
FAQ
What did Republic Services (RSG) announce in this 8-K filing?
Republic Services announced the appointment of Ian Craig to its board of directors and declared a regular quarterly dividend of $0.625 per share. The filing also notes his committee roles and outlines standard cash and equity compensation for non-employee directors.
Who is Ian Craig, the new Republic Services (RSG) board member?
Ian Craig is the chief executive officer of Coca-Cola FEMSA, Latin America’s largest bottling company, operating in 10 countries with $16 billion in annual revenue. The filing highlights his experience in digital transformation, sustainability initiatives, and over $7 billion in mergers and acquisitions leadership.
What dividend did Republic Services (RSG) declare in February 2026?
Republic Services’ board declared a regular quarterly dividend of $0.625 per share on February 10, 2026. Shareholders of record on April 2, 2026 will receive the dividend payment on April 15, 2026, continuing the company’s practice of quarterly cash returns to shareholders.
What compensation will Ian Craig receive as a Republic Services (RSG) director?
Ian Craig will receive the standard non-employee director package: an annual restricted stock unit grant with a fair market value of $230,000 and a $100,000 cash retainer. Both amounts will be prorated for 2026 based on his February 10, 2026 appointment date.
On which committees will Ian Craig serve at Republic Services (RSG)?
Ian Craig will initially serve on Republic Services’ Audit Committee and Sustainability & Corporate Responsibility Committee. These assignments align his background in financial leadership, digital transformation, and sustainability with the company’s governance, oversight, and environmental stewardship priorities at the board level.
How do RSU dividends work for Republic Services (RSG) non-employee directors?
Non-employee directors receive additional restricted stock units at the end of any quarter when dividends are paid. The RSU value equals cash dividends they would have received on RSUs held, based on the closing stock price, and vests immediately, settling in shares at or after board service termination.