ROLLINS INC — Board/Management Information 2008

Jan 28, 2008

8-K 1 compform8k.htm CURRENT REPORT

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): January 22, 2008
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
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))

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ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Setting of Named Executive Officer Annual Salaries

On January 22, 2008, at a regularly scheduled meeting of the Board of Directors of Rollins, Inc. (“the Company”), the Compensation Committee (the “Committee”) of the Board of Directors of the Company approved compensation for the Company’s principal executive officer, principal financial officer and the other most highly compensated executive officers (collectively, the “Named Executive Officers”) identified in the Company’s most recent proxy statement. The base annual salary for the Named Executive Officers increased to the following levels, effective January 1, 2008: $680,000 to the Company’s Vice President, Glen W. Rollins; $450,000 to the Company’s Chief Financial Officer and Treasurer, Harry J. Cynkus; and $415,000 to the Company’s Senior Vice President and Secretary, Michael W. Knottek. Base salary for Mr. Gary W. Rollins, President, Chief Executive Officer and Chief Operating Officer remained the same at $1,000,000 and the base salary for Mr. R. Randall Rollins, Chairman of the Board of Directors remained the same at $900,000.

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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: January 28, 2008	By:	/s/Harry J. Cynkus
	Name:	Harry J. Cynkus
	Title:	Chief Financial Officer and Treasurer

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