8-KThe WireRed Alert
Executive Change
Filed Jun 12, 2020 · 6y ago · Accession 0001171200-20-000434
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗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):
June 11, 2020
ROLLINS, INC.
(Exact name of registrant as specified in its
charter)
Delaware
1-4422
51-0068479
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
2170 Piedmont Road, N.E. , Atlanta , Georgia
30324
(Address of principal executive offices) (Zip
code)
Registrant’s telephone number, including
area code: (404) 888-2000
Not Applicable
(Former name of former address, if changes 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
(see General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
ROL
NYSE
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 o
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
ITEM 5.02 Departure of Directors of Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers
In April 2020, as a result of the impact of the challenges
and uncertainties related to COVID-19, the Company reported reductions in the salaries for the named executive
officers of the Company. On June 11, the compensation committee voted to restore the officer salaries to their previous levels
effective June 1, 2020. The prior reduced salaries and the restored annual base salaries of the Company’s NEO’s are
as follows: Gary W. Rollins, Vice Chairman and Chief Executive Officer: from $715,000 to $1,100,000; Paul E. Northen, Senior Vice
President, Chief Financial Officer and Treasurer: from $412,500 to $550,000; R. Randall Rollins, Chairman of the Board: from $650,000
to $1,000,000; John F. Wilson, President and Chief Operating Officer: from $552,500 to $850,000; and Elizabeth B. Chandler, Vice
President, General Counsel and Corporate Secretary: from $300,000 to $400,000.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, Rollins, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ROLLINS, INC.
Date: June 12,
2020
By:
/s/ Paul Edward Northen
Name:
Paul Edward Northen
Title:
Sr. Vice President, Chief Financial Officer and Treasurer
( Principal Financial and Accounting Officer)
Filing details
- Company
- ROLLINS INC
- Ticker
- ROL
- CIK
- 84839
- Form type
- 8-K
- Filing date
- Jun 12, 2020
- Report date
- Jun 11, 2020
- Document
- i20401_rol-8k.htm
- Size
- 192 KB