Rollins Inc 8-K, filed Mar 30, 2020
Rollins Inc (ROL)
About this 8-K
Rollins Inc filed this 8-K on March 30, 2020, reporting on events of March 26, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
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 8.01. Other Events
The information provided pursuant to this Item 8.01 is to be considered “filed” under the Securities Exchange Act of 1934 (“Exchange Act”) and incorporated by reference into those filings of Rollins, Inc. (the “Company”) that provide for the incorporation of all reports and documents filed by the Company under the Exchange Act.
ATLANTA, March 26, 2020 – Rollins, Inc. (NYSE:ROL), a premier global consumer and commercial services company, has announced company-wide increases to Paid Time Off (PTO) for all full-time and part-time employees impacted by the COVID-19 pandemic.
Except for the historical information contained in this report, the statements made by the Company are forward-looking statements that involve risks and uncertainties. All such statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. The Company’s future performance could differ significantly from the expectations of management and from results expressed or implied in the press release. See the risk factors contained in the press release for a discussion of certain risks and uncertainties that may impact such forward-looking statements. For further information on other risk factors, please refer to the “Risk Factors” contained in the Company’s Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission on February 28, 2020. The Company disclaims any obligation or duty to update or modify these forward-looking statements.
Item 9.01. Financial Statements and Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release Dated March 26, 2020 |
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: March 30, 2020 | By: | /s/ Paul Edward Northen |
| Name: | Paul Edward Northen | |
| Title: | Sr. Vice President, Chief Financial Officer and Treasurer | |
| (Principal Financial and Accounting Officer) |
Exhibit 99.1
Rollins, Inc. Announces Extended Paid Sick Leave to
Benefit Employees and Communities Impacted by COVID-19
ATLANTA (March 26, 2020) – To better serve employees and customers, Rollins, Inc. (NYSE: ROL), a premier global consumer and commercial services company, has announced company-wide increases to Paid Time Off (PTO) for all full-time and part-time employees impacted by the COVID-19 pandemic. Rollins, Inc. and its brands will remain open during the pandemic as the Department of Homeland Security and the states/municipalities under shelter in place orders have deemed our business an essential service.
Rollins is now offering up to 80 hours of PTO to full-time employees for emergency leave for qualifying needs, and up to 40 hours of PTO to part-time employees. Employees can use the time for themselves or to care for an immediate family member who has tested positive or is being quarantined for a suspected case of COVID-19. Rollins is also following the guidelines of states that may have different requirements for additional paid time off.
“As we have long said, our employees are our most valuable asset, and our highest priority is the safety and well-being of these valued associates and our clients,” said Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins. “We believe these measures will allow our employees to have the support and resources they need while also protecting their health and the safety of those around them.”
As the situation evolves, Rollins will continue to update employees on company benefits and employee assistance programs to help alleviate the economic and emotional impact of the pandemic on its employees. To learn more about Rollins, Inc., please visit https://www.rollins.com/.
About Rollins, Inc.
Rollins, Inc. is a premier global consumer and commercial services company. Through its wholly owned subsidiaries, Orkin, HomeTeam
Pest Defense, Clark Pest Control, Orkin Canada, Western Pest Services, Northwest Exterminating, Critter Control, The Industrial
Fumigant Company, Trutech, Orkin Australia, Waltham Services, OPC Pest Services, PermaTreat, Rollins UK, Aardwolf Pestkare, and
Crane Pest Control, the Company provides essential pest control services and protection against termite damage, rodents and insects
to more than two million customers in the United States, Canada, Mexico, Central and South America, the Caribbean, the Middle East,
Asia, Europe, Africa, and Australia from more than 700 locations. You can learn more about Rollins and its subsidiaries by visiting
our web sites at www.orkin.com, www.pestdefense.com, www.clarkpest.com, www.orkincanada.ca, www.westernpest.com, www.callnorthwest.com,
www.crittercontrol.com, www.indfumco.com, www.trutechinc.com, www.orkinau.com, www.walthamservices.com, www.opcpest.com, www.permatreat.com,
www.safeguardpestcontrol.co.uk, www.aardwolfpestkare.com, www.cranepestcontrol.com and www.rollins.com. You can also find
this and other news releases at www.rollins.com by accessing the news releases button.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about the Company’s expectation that it will remain open during the COVID-19 pandemic due to its designation as an essential service and the Company’s belief that its increased PTO measures will allow its employees to have the support and resources they need while also protecting their health and the safety of those around them. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including without limitation, the coronavirus (COVID-19) pandemic and its potential impact on global economic conditions and on capital and financial markets, changes in consumer behavior and demand, the potential unavailability of personnel or key facilities, modifications to the Company's operations, and the potential implementation of regulatory actions; economic and competitive conditions which may adversely affect the Company’s business; the degree of success of the Company’s pest and termite process, and pest control selling and treatment methods; the Company’s ability to identify and integrate potential acquisitions; climate and weather trends; competitive factors and pricing practices; the Company’s ability to attract and retain skilled workers, and potential increases in labor costs; uncertainties of litigation; changes in various government laws and regulations, including environmental regulations; and the impact of the U. S. Government shutdown. All of the foregoing risks and uncertainties are beyond the ability of the Company to control, and in many cases the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. A more detailed discussion of potential risks facing the Company can be found in the Company’s Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2019.
Media Relations:
Lia Vaughn
Rollins, Inc.
404-888-2575
lvaughn@rollins.com
Investor Relations:
Eddie Northen
(404) 888-2242