|
•
Returning the Proxy Card by Mail
|
| | • Via Telephone at 1-800-337-3503 | |
|
•
Online at https://www.proxy-direct.com/geo-31978
|
| |
• Attending the meeting to vote In Person
|
|
Name and Address of Beneficial Owner
|
| |
Amount
Beneficially Owned(1) |
| |
Percent of
Outstanding Shares |
| ||||||
Gary W. Rollins
Non-Executive Chairman of the Board; Chairman and Chief Executive Officer, Rollins, Inc. 2170 Piedmont Road, NE Atlanta, Georgia |
| | | | 140,088,102(2) | | | | | | 64.9 | | |
Richard A. Hubbell
President and Chief Executive Officer 2801 Buford Highway NE, Suite 300 Atlanta, Georgia |
| | | | 2,994,967(3) | | | | | | 1.4 | | |
Ben M. Palmer
Vice President, Chief Financial Officer and Corporate Secretary 2801 Buford Highway NE, Suite 300 Atlanta, Georgia |
| | | | 779,915(4) | | | | | | ** | | |
All Directors and Executive Officers as a group
(9 persons) |
| | | | 148,841,175(5) | | | | | | 69.0 | | |
Names of Directors
|
| |
Principal Occupation(1)
|
| |
Service as
Director |
| |
Age
|
| |
Shares of
Common Stock(2) |
| |
Percent of
Outstanding Shares |
| |||||||||
Names of Director Nominees | | ||||||||||||||||||||||||
Class II (Current Term Expires 2021; New Term Will Expire 2024) | | ||||||||||||||||||||||||
Gary W. Rollins(3)
|
| |
Non-Executive Chairman of
the Board of the Company; Chairman and Chief Executive Officer of Rollins, Inc. |
| | 1984 to date | | | | | 76 | | | | | | 140,088,102(4) | | | | | | 64.9 | | |
Richard A. Hubbell
|
| |
President and Chief Executive
Officer of the Company; President and Chief Executive Officer of Marine Products Corporation. |
| | 1987 to date | | | | | 76 | | | | | | 2,994,967(5) | | | | | | 1.4 | | |
Harry J. Cynkus
|
| |
Vice Chairman, Trustee and
Chair of the Resources and Finance Committee, Utica College Board of Trustees; Retired Chief Financial Officer of Rollins, Inc. |
| |
August 25, 2020
to date |
| | | | 71 | | | | | | 10,010 | | | | | | ** | | |
Names of Directors Whose Terms Have Not Expired | | ||||||||||||||||||||||||
Class III (Current Term Expires 2022) | | ||||||||||||||||||||||||
Susan R. Bell
|
| |
Retired Partner, Ernst &
Young LLP; Board Member, National Center for Civil & Human Rights and International Women’s Forum, Georgia. |
| |
January 1. 2021
to date |
| | | | 58 | | | | | | 5,500 | | | | | | ** | | |
Amy R. Kreisler(3)
|
| |
Executive Director, The O. Wayne Rollins Foundation; Trustee, The Ma-Ran Foundation.
|
| | 2016 to date | | | | | 51 | | | | | | 5,397,860(6) | | | | | | 2.5 | | |
Pamela R. Rollins(3)
|
| |
Vice President, LOR
Investment Company, LLC; Vice President, Rollins Holding Company, Inc. |
| | 2019 to date | | | | | 64 | | | | | | 4,563,607(7) | | | | | | 2.1 | | |
Class I (Current Term Expires 2023) | | ||||||||||||||||||||||||
Jerry W. Nix
|
| |
Lead Director of the
Company; Retired Vice Chairman, Executive Vice President and Chief Financial Officer of Genuine Parts Company. |
| |
August 25, 2020
to date |
| | | | 75 | | | | | | — | | | | | | ** | | |
Patrick J. Gunning
|
| |
Chief Financial Officer, The Robert W. Woodruff Arts Center, Inc.; Retired Partner, Ernst & Young LLP.
|
| |
January 1, 2021
to date |
| | | | 61 | | | | | | 7,000 | | | | | | ** | | |
Committee Member
|
| |
Audit
Committee |
| |
Compensation
Committee |
| |
Diversity
Committee |
| |
Nominating &
Governance Committee |
| |
Executive
Committee |
|
Gary W. Rollins(1)
|
| | | | | | | | | | | | | |
Member
|
|
Jerry W. Nix(2)
|
| | | | |
Chair
|
| |
Chair
|
| |
Chair
|
| | | |
Harry J. Cynkus(3)
|
| |
Chair
|
| | | | | | | | | | | | |
Patrick J. Gunning(3)
|
| |
Member
|
| |
Member
|
| |
Member
|
| |
Member
|
| | | |
Susan R. Bell (3)
|
| |
Member
|
| | | | | | | | | | | | |
Richard A. Hubbell(4)
|
| | | | | | | | | | | | | |
Member
|
|
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock
Awards(1) ($) |
| |
Option
Awards(1) ($) |
| |
Total
($) |
| ||||||||||||
Henry B. Tippie
|
| | | | 146,500 | | | | | | — | | | | | | — | | | | | | 146,500 | | |
James B. Williams
|
| | | | 97,000 | | | | | | — | | | | | | — | | | | | | 97,000 | | |
Bill J. Dismuke
|
| | | | 72,500 | | | | | | — | | | | | | — | | | | | | 72,500 | | |
Gary W. Rollins
|
| | | | 92,500 | | | | | | — | | | | | | — | | | | | | 92,500 | | |
Pamela R. Rollins
|
| | | | 77,500 | | | | | | — | | | | | | — | | | | | | 77,500 | | |
Amy R. Kreisler
|
| | | | 77,500 | | | | | | — | | | | | | — | | | | | | 77,500 | | |
Harry J. Cynkus(2)
|
| | | | 37,500 | | | | | | — | | | | | | — | | | | | | 37,500 | | |
Jerry W. Nix(2)
|
| | | | 35,000 | | | | | | — | | | | | | — | | | | | | 35,000 | | |
Executive Officer
|
| |
Target Award as a percentage
of base salary |
| |||
Richard A. Hubbell
President and Chief Executive Officer |
| | | | 100% | | |
Ben M. Palmer
Vice President, Chief Financial Officer and Corporate Secretary |
| | | | 100% | | |
R. Randall Rollins
Former Chairman of the Board |
| | | | 100% | | |
Name
|
| |
2021
|
| |
2020
|
| |
2019
|
| |||||||||
Richard A. Hubbell
|
| | | | 100,000 | | | | | | 100,000 | | | | | | 75,000 | | |
Ben M. Palmer
|
| | | | 67,000 | | | | | | 67,000 | | | | | | 50,000 | | |
R. Randall Rollins(1)
|
| | | | — | | | | | | 100,000 | | | | | | 75,000 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Stock
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($)(3) |
| |
All Other
Compensation ($)(4) |
| |
Total ($)
|
| |||||||||||||||||||||
Richard A. Hubbell
President and Chief Executive Officer |
| | | | 2020 | | | | | | 791,667 | | | | | | 459,000 | | | | | | — | | | | | | 7,322 | | | | | | 17,570 | | | | | | 1,275,559 | | |
| | | 2019 | | | | | | 950,000 | | | | | | 854,250 | | | | | | — | | | | | | 7,607 | | | | | | 18,900 | | | | | | 1,830,757 | | | ||
| | | 2018 | | | | | | 950,000 | | | | | | 1,130,850 | | | | | | 456,000 | | | | | | — | | | | | | 30,670 | | | | | | 2,567,520 | | | ||
Ben M. Palmer
Vice President, Chief Financial Officer and Corporate Secretary |
| | | | 2020 | | | | | | 375,000 | | | | | | 307,530 | | | | | | — | | | | | | — | | | | | | 23,050 | | | | | | 705,580 | | |
| | | 2019 | | | | | | 450,000 | | | | | | 569,500 | | | | | | — | | | | | | 19,567 | | | | | | 23,550 | | | | | | 1,062,617 | | | ||
| | | 2018 | | | | | | 450,000 | | | | | | 753,900 | | | | | | 216,000 | | | | | | — | | | | | | 20,990 | | | | | | 1,440,890 | | | ||
R. Randall Rollins
Former Chairman of the Board |
| | | | 2020 | | | | | | 471,686 | | | | | | 459,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | 930,686 | | |
| | | 2019 | | | | | | 850,000 | | | | | | 854,250 | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,704,250 | | | ||
| | | 2018 | | | | | | 850,000 | | | | | | 1,130,850 | | | | | | 408,000 | | | | | | — | | | | | | — | | | | | | 2,388,850 | | |
|
Mr. Richard A. Hubbell:
|
| | Insurance on automobile provided by the Company, cost of dining club dues, cost of gasoline for personal automobile and 401(k) Plan Company match of $12,825 in the aggregate. | |
| Mr. Ben M. Palmer: | | | Automobile allowance, cost of gasoline for personal automobile and 401(k) Plan Company match of $12,825 in the aggregate. | |
|
Median Employee total annual compensation
|
| | | $ | 77,508 | | |
|
Mr. Richard A. Hubbell (PEO) total annual compensation
|
| | | $ | 1,262,734 | | |
|
Ratio of PEO to Median Employee Compensation
|
| | | | 16.3:1 | | |
| | | | | | | | |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards(1) |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
Grant Date
Fair Value of Stock and Option Awards ($)(2) |
| |||||||||||||||||||||
Name
|
| |
Grant Date
|
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| ||||||||||||||||||||||||
Richard A. Hubbell
|
| | | | 1/28/2020 | | | | | | 237,500 | | | | | | 950,000 | | | | | | 1,425,000 | | | | | | 100,000 | | | | | | 459,000 | | |
Ben M. Palmer
|
| | | | 1/28/2020 | | | | | | 112,500 | | | | | | 450,000 | | | | | | 675,000 | | | | | | 67,0000 | | | | | | 307,530 | | |
R. Randall Rollins(3)
|
| | | | 1/28/2020 | | | | | | 212,500 | | | | | | 850,000 | | | | | | 1,275,000 | | | | | | 100,000 | | | | | | 459,000 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Un-exercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value
of Shares or Units of Stock That Have Not Vested ($) |
| ||||||||||||||||||
Richard A. Hubbell
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 283,000(1) | | | | | | 891,450 | | |
Ben M. Palmer
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 184,200(1) | | | | | | 580,230 | | |
R. Randall Rollins(2)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Number of shares
|
| |
Grant date
|
| |
Date fully vested
|
| |||||||||
Richard A. Hubbell
|
| | | | 15,000 | | | | | | 1/27/2015 | | | | | | 1/27/2021 | | |
| | | 30,000 | | | | | | 1/26/2016 | | | | | | 1/26/2022 | | | ||
| | | 27,000 | | | | | | 1/24/2017 | | | | | | 1/24/2023 | | | ||
| | | 36,000 | | | | | | 1/23/2018 | | | | | | 1/23/2024 | | | ||
| | | 75,000 | | | | | | 1/22/2019 | | | | | | 1/22/2025 | | | ||
| | | 100,000 | | | | | | 1/28/2020 | | | | | | 1/28/2026 | | | ||
Ben M. Palmer
|
| | | | 9,000 | | | | | | 1/27/2015 | | | | | | 1/27/2021 | | |
| | | 18,000 | | | | | | 1/26/2016 | | | | | | 1/26/2022 | | | ||
| | | 16.200 | | | | | | 1/24/2017 | | | | | | 1/24/2023 | | | ||
| | | 24,000 | | | | | | 1/23/2018 | | | | | | 1/23/2024 | | | ||
| | | 50,000 | | | | | | 1/22/2019 | | | | | | 1/22/2025 | | | ||
| | | 67,000 | | | | | | 1/28/2020 | | | | | | 1/28/2026 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of Shares
Acquired on Exercise (#) |
| |
Value Realized on
Exercise ($) |
| |
Number of Shares
Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($) |
| ||||||||||||
Richard A. Hubbell
|
| | | | — | | | | | | — | | | | | | 59,250 | | | | | | 265,400 | | |
Ben M. Palmer
|
| | | | — | | | | | | — | | | | | | 36,150 | | | | | | 162,290 | | |
R. Randall Rollins(1)
|
| | | | — | | | | | | — | | | | | | 342,250 | | | | | | 1,245,080 | | |
Name
|
| |
Plan Name
|
| |
Number of
Years Credited Service (#) |
| |
Present
Value of Accumulated Benefit ($) |
| |
Payments During
Last Fiscal Year ($) |
| |||||||||
Richard A. Hubbell
|
| |
Retirement Income Plan
|
| | | | 15 | | | | | | 418,895 | | | | | | 42,314 | | |
Ben M. Palmer
|
| |
Retirement Income Plan
|
| | | | 4 | | | | | | — | | | | | | 113,637 | | |
R. Randall Rollins
|
| |
Retirement Income Plan
|
| | | | 30 | | | | | | 1,423,705 | | | | | | 261,571 | | |
Name
|
| |
Executive
Contributions in Last FY ($)(1) |
| |
Registrant
Contributions in Last FY ($) |
| |
Aggregate
Earnings in Last FY ($) |
| |
Aggregate
Withdrawals/ Distributions ($) |
| |
Aggregate
balance at Last FYE ($) |
| |||||||||||||||
Richard A. Hubbell
|
| | | | — | | | | | | — | | | | | | 64,196 | | | | | | — | | | | | | 516,680 | | |
Ben M. Palmer
|
| | | | 30,000 | | | | | | — | | | | | | 114,145 | | | | | | — | | | | | | 1,087,489 | | |
R. Randall Rollins
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
Stock Awards
|
| |||||||||
Name
|
| |
Number of shares
underlying unvested stock (#) |
| |
Unrealized value of
unvested stock ($) |
| ||||||
Richard A. Hubbell | | | | | | | | | | | | | |
•
Retirement
|
| | | | 42,125 | | | | | | 132,690 | | |
•
Disability
|
| | | | 78,624 | | | | | | 247,670 | | |
•
Death
|
| | | | 283,000 | | | | | | 891.450 | | |
•
Change in control
|
| | | | 283,000 | | | | | | 891,450 | | |
Ben M. Palmer | | | | | | | | | | | | | |
•
Retirement
|
| | | | — | | | | | | — | | |
•
Disability
|
| | | | 49,630 | | | | | | 156,330 | | |
•
Death
|
| | | | 184,200 | | | | | | 580,230 | | |
•
Change in control
|
| | | | 184,200 | | | | | | 580,230 | | |
| | |
2020
|
| |
2019
|
| ||||||
Audit fees and quarterly reviews(1)
|
| | | $ | 1,124,840 | | | | | $ | 1,073,580 | | |
Audit related fees
|
| | | | — | | | | | | — | | |
Tax fees
|
| | | | — | | | | | | — | | |
All other fees
|
| | | | — | | | | | | — | | |