Fort Lauderdale, Fla.-based Republic Services announced that it will make annual reports and other proxy materials available online for its shareholders. The move is in accordance with the new U.S. Securities and Exchange Commission (SEC) rule on “Notice and Access,” and is expected to result in the saving of millions of pages of paper and reduce mailing expenses.
“By using the electronic financial filings, Republic will reduce our hard-copy printing of proxy materials by 75 percent, from 36,000 copies to approximately 9,000 copies, reducing paper and printing costs,” said Tod Holmes, senior vice president and chief financial officer for Republic, in a press release.
Republic will mail a notice to all shareholders about the online availability, as well as step-by-step access and voting instructions. Under the SEC rule, Republic is still required to send a free hard copy of the materials to any shareholder who requests one.