Rollins inc. announces settlement of sec investigation

Atlanta , april 18, 2022 /prnewswire/ -- rollins inc. (nyse: rol), a premier global consumer and commercial services company, announced today it has reached a settlement with the u.s. securities and exchange commission (sec) to fully resolve an investigation into the impact of certain adjustments to accruals and reserves on reported earnings per share in the first quarter of 2016 and the second quarter of 2017. under terms of the settlement, rollins neither admits nor denies the sec's findings and will pay an $8 million civil penalty, which was fully accrued in the third and fourth quarters of 2021.
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