Rollins, Inc.

ROL

On October 28, 2020, Rollins, Inc., disclosed that a U.S. Securities and Exchange Commission (SEC) investigation had been initiated and believed the SEC’s focus to be how accruals and reserves were established at period ends and their impact on reported earnings going as far back as January 2015.

On February 26, 2021, Rollins announced that an internal investigation into the same matters found “a significant deficiency in the Company’s internal controls relating to the documentation and review of accounting entries for certain reserves and accruals.”

Then on October, 29,2021, Rollins disclosed initiating discussions with the SEC regarding a potential resolution, and that the company recorded an accrual related to the matter in Q3 2021.  

Shares of Rollins stock fell more than 3% in intraday trading on October 29, 2020, after the initial disclosure, and dropped 3% following the subsequent disclosures on November 1, 2021.

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