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


                                  May 19, 1996
                                 Date of Report
                        (Date of Earliest Event Reported)


                       Continental Waste Industries, Inc.
             (Exact Name of Registrant as Specified in its Charter)


         Delaware                 0-22602               11-2909512
 (State of Incorporation)   (Commission File No.)      (IRS Employer 
                                                   Identification Number)
 


                           67 Walnut Avenue, Suite 103
                             Clark, New Jersey 07066
                    (Address of Principal Executive Offices)



       Registrant's Telephone Number, Including Area Code: (908) 396-0018




<PAGE>



Item 5.           Other Events.

     On May  20,  1996,  Continental  Waste  Industries,  Inc.  (the  "Company")
announced  its  intention  to merge with and into a  newly-formed,  wholly-owned
subsidiary of Republic Industries,  Inc. Under the terms of the proposed merger,
each  share  of the  Company's  common  stock,  $0.0006  par  value  per  share,
outstanding on the effective date of the merger will be converted into 2/5ths of
a share of common stock, $0.01 par value per share, of Republic  Industries (the
"Merger").

     The proposed Merger,  which Republic Industries expects to account for on a
pooling  of  interests  basis,  is  subject to  customary  terms and  conditions
including the negotiation and execution of a definitive agreement, due diligence
review by both parties, approval by the Company's shareholders,  approval by the
boards  of  directors  of both  parties  and  various  other  customary  closing
conditions,  including  regulatory  approvals.  Until the effective  date of the
Merger,  or termination of the letter of intent,  the Company and the Management
Shareholders (as defined below) may not, among other things, solicit or initiate
discussions with any third party  concerning any proposal for a merger,  sale of
substantially  all of the  Company's  assets  or other  like  transactions.  The
Company  may,  however,  enter into  negotiations  in  response  to  unsolicited
inquiries to the extent that the Company's board of directors believes, based on
the  exercise of its good faith  judgment  and the advice of  counsel,  that the
failure to take such action would  constitute a breach of the board's  fiduciary
duties to the Company's stockholders.

     The  Company's  three  largest  shareholders,  Carlos E. Aguero,  Thomas A.
Volini  and  First  Analysis   Corporation,   as  general  partner  of  each  of
Environmental  Venture Fund Limited  Partnership,  Apex  Investment Fund and the
Productivity Fund Limited Partnership (the "Management  Shareholders"),  who, in
the aggregate,  own (directly or indirectly)  approximately 25% of the Company's
outstanding  common  stock,  have  agreed that at the time a  definitive  merger
agreement is executed,  they will each deliver to Republic  irrevocable  proxies
with  respect to all of the shares  owned by them which will enable  Republic to
vote all of these shares in favor of the Merger.

     Following the Merger, it is expected that the Company's senior  management,
including Thomas A. Volini, the Company's Chief Operating Officer, and Carlos E.
Aguero,  the Company's Chief  Executive  Officer,  will join  Republic's  senior
management team.

<PAGE>



                                   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 hereto duly authorized.


                            CONTINENTAL WASTE INDUSTRIES, INC.
                            (Registrant)


Dated: May 21, 1996         By: /s/ Michael J. Drury
                                --------------------
                                Michael J. Drury
                                Senior Vice President and
                                Chief Financial Officer
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 4319}]
{"company-data": {"conformed-name": "CONTINENTAL WASTE INDUSTRIES INC", "cik": "0000876035", "assigned-sic": "4953", "irs-number": "223285335", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-22602", "film-number": "96570830"}, "business-address": {"street1": "67 WALNUT AVE STE 103", "city": "CLARK", "state": "NJ", "zip": "07066", "phone": "9083960018"}, "mail-address": {"street1": "67 WALNUT AVENUE, SUITE 103", "street2": "67 WALNUT AVENUE, SUITE 103"}, "former-company": {"former-conformed-name": "FINET INC /NY", "date-changed": "19930328"}}
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

                                  May 19, 1996
                                 Date of Report
                        (Date of Earliest Event Reported)

                       Continental Waste Industries, Inc.
             (Exact Name of Registrant as Specified in its Charter)

         Delaware                 0-22602               11-2909512
 (State of Incorporation)   (Commission File No.)      (IRS Employer 
                                                   Identification Number)
 

                           67 Walnut Avenue, Suite 103
                             Clark, New Jersey 07066
                    (Address of Principal Executive Offices)

       Registrant's Telephone Number, Including Area Code: (908) 396-0018
Item 5.           Other Events.

     On May  20,  1996,  Continental  Waste  Industries,  Inc.  (the  "Company")
announced  its  intention  to merge with and into a  newly-formed,  wholly-owned
subsidiary of Republic Industries,  Inc. Under the terms of the proposed merger,
each  share  of the  Company's  common  stock,  $0.0006  par  value  per  share,
outstanding on the effective date of the merger will be converted into 2/5ths of
a share of common stock, $0.01 par value per share, of Republic  Industries (the
"Merger").

     The proposed Merger,  which Republic Industries expects to account for on a
pooling  of  interests  basis,  is  subject to  customary  terms and  conditions
including the negotiation and execution of a definitive agreement, due diligence
review by both parties, approval by the Company's shareholders,  approval by the
boards  of  directors  of both  parties  and  various  other  customary  closing
conditions,  including  regulatory  approvals.  Until the effective  date of the
Merger,  or termination of the letter of intent,  the Company and the Management
Shareholders (as defined below) may not, among other things, solicit or initiate
discussions with any third party  concerning any proposal for a merger,  sale of
substantially  all of the  Company's  assets  or other  like  transactions.  The
Company  may,  however,  enter into  negotiations  in  response  to  unsolicited
inquiries to the extent that the Company's board of directors believes, based on
the  exercise of its good faith  judgment  and the advice of  counsel,  that the
failure to take such action would  constitute a breach of the board's  fiduciary
duties to the Company's stockholders.

     The  Company's  three  largest  shareholders,  Carlos E. Aguero,  Thomas A.
Volini  and  First  Analysis   Corporation,   as  general  partner  of  each  of
Environmental  Venture Fund Limited  Partnership,  Apex  Investment Fund and the
Productivity Fund Limited Partnership (the "Management  Shareholders"),  who, in
the aggregate,  own (directly or indirectly)  approximately 25% of the Company's
outstanding  common  stock,  have  agreed that at the time a  definitive  merger
agreement is executed,  they will each deliver to Republic  irrevocable  proxies
with  respect to all of the shares  owned by them which will enable  Republic to
vote all of these shares in favor of the Merger.

     Following the Merger, it is expected that the Company's senior  management,
including Thomas A. Volini, the Company's Chief Operating Officer, and Carlos E.
Aguero,  the Company's Chief  Executive  Officer,  will join  Republic's  senior
management team.
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 hereto duly authorized.

                            CONTINENTAL WASTE INDUSTRIES, INC.
                            (Registrant)

Dated: May 21, 1996         By: /s/ Michael J. Drury
                                --------------------
                                Michael J. Drury
                                Senior Vice President and
                                Chief Financial Officer