UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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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) |