Pamela R. Rollins
ROLLINSAbout Pamela R. Rollins
Pamela R. Rollins is a continuing director of Rollins, Inc., age 68, serving on the Board since 2015; she is categorized as non-independent due to family ties to the Significant Shareholder Group controlling ~42% of voting power . A third-generation member of the Rollins family, her background includes real estate management (1979–1984), a decade in Orkin customer service, and extensive community/trustee roles; she holds a B.A. from Stephens College in Family and Community Studies .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Rollins family real estate | Real estate manager under O. Wayne Rollins | 1979–1984 | Operated under founder’s direction |
| Orkin Exterminating Company | Customer service employee | ~10 years (dates not specified) | Front-line operations exposure |
External Roles
| Organization | Role | Tenure/Status | Notes |
|---|---|---|---|
| Marine Products Corporation | Director | Current | Interlock with ROL; Significant Shareholder Group controls >50% voting power at Marine Products |
| RPC, Inc. | Director | Current | Interlock with ROL; Significant Shareholder Group controls >50% voting power at RPC |
| LOR, Inc. | Director and Officer | Current | Family-controlled entity; engages in related-party arrangements with ROL (see conflicts) |
| Rollins Holding Company | Director and Officer | Current | Family entity |
| O. Wayne Rollins Foundation | Trustee | Current | Trustee role |
| Ma-Ran Foundation | Trustee | Current | Trustee role |
| Rollins Child Development Center | Trustee | Current | Trustee role |
| Young Harris College | Trustee | Current | Trustee role |
Board Governance
- Independence: Not independent (only non-management director designated as not independent among current nominees/continuing directors) .
- Committee assignments: None; listed on Board only (no Audit, Compensation, or Nominating committee membership or chair roles) .
- Attendance: Each incumbent director attended at least 75% of aggregate Board and committee meetings in 2024; all directors attended the 2024 Annual Meeting .
- Years of service: Director since 2015 .
- Lead Independent Director: Louise S. Sams; independent directors meet in executive sessions at least annually; non-management directors meet at least twice yearly .
Fixed Compensation
| Component | 2024 Amount | Mechanics/Notes |
|---|---|---|
| Annual Board cash retainer | $100,000 | Paid quarterly in arrears; applies to all non-employee directors |
| Annual restricted stock award | $100,000 (grant-date fair value) | Vested when issued; subject to 1-year holding and until stock ownership guideline compliance; granted following Annual Meeting |
| Committee chair retainers | Audit Chair $30,000; HCM & Comp Chair $10,000; Nominating Chair $6,000 | Applies to chairs (not applicable to Pamela as she is not a chair) |
| 2024 actual director compensation (Pamela R. Rollins) | Cash: $100,000; Equity: $100,000; Total: $200,000 | Per 2024 Director Compensation Table |
| 2025 anticipated program | Cash: $100,000; Equity: $150,000; Lead Director: $30,000; Audit Chair: $30,000; HCM & Comp Chair: $15,000; Nominating Chair: $12,000 | Indicates increased equity emphasis for directors |
Performance Compensation
| Element | Terms | Metrics |
|---|---|---|
| Equity grant structure (directors) | Restricted stock; vested when issued, with mandatory 1-year holding and hold until ownership guideline compliance | No performance-based metrics for director equity; time-based and holding requirements only |
Other Directorships & Interlocks
| Company | Shared Directorships/Interlocks | Control/Influence | Conflict Oversight |
|---|---|---|---|
| RPC, Inc. | Directors overlap (including Pamela R. Rollins) with ROL | Significant Shareholder Group controls >50% voting power; same group controls ~42% of ROL | Related-party transactions must be pre-approved by Nominating & Corporate Governance Committee |
| Marine Products Corporation | Directors overlap (including Pamela R. Rollins) with ROL | Significant Shareholder Group controls >50% voting power | Same related-party oversight applies |
Expertise & Qualifications
- Family and industry familiarity through Rollins lineage; operational exposure via Orkin customer service experience .
- Community leadership and trustee governance experience across multiple foundations and educational institutions .
- Education: B.A., Stephens College (Family and Community Studies) .
Equity Ownership
| Category | Shares | Notes |
|---|---|---|
| Direct holdings | 483,450 | Beneficially owned directly |
| 2002 Pamela R. Rollins Trust | 94,053 | She has power to designate trustee's Investment Committee members |
| Nine family trusts (benefiting descendants of R. Randall Rollins) | 133,840 | Pamela is trustee of each trust |
| Charitable trust | 5,224,829 | Pamela is co-trustee; she disclaims any financial or pecuniary interest in these holdings |
| Ownership % of ROL common stock | Less than 1% | As noted; detailed breakdown above with disclaimers |
- Outstanding shares of Common Stock at record date: 485,075,627 .
- Hedging/pledging policy: Directors prohibited from hedging and pledging company stock; derivatives trading prohibited .
- Director stock ownership guideline: Minimum of 3x annual cash retainer, to be achieved within 5 years; prohibition on selling granted stock for 1 year and until guideline compliance .
Governance Assessment
-
Board effectiveness: Pamela brings legacy knowledge and stakeholder relationships but lacks committee assignments, limiting direct oversight influence; non-independent status diminishes the proportion of independent oversight on a family-influenced board .
-
Conflicts/related-party exposure: Multiple interlocks with RPC and Marine Products under a controlling Significant Shareholder Group; LOR, Inc. (where Pamela is an officer/director) participates in aircraft pilot-sharing and administrative services with ROL ($0.5M and $2.2M billed respectively in 2024), creating ongoing related-party entanglements that require careful monitoring by the Nominating & Corporate Governance Committee .
-
Compensation/ownership alignment: Director pay mix is balanced cash and equity with a stronger equity tilt in 2025; mandatory holding and ownership guidelines promote alignment, and hedging/pledging prohibitions support investor-friendly posture .
-
Engagement/attendance: Meets minimum attendance expectations; participation in annual shareholder meeting confirmed for all directors .
-
Oversight safeguards: Formal related-party approval framework and committee charters; independent Lead Director structure and executive sessions provide some counterbalance to family influence .
-
RED FLAGS
- Non-independence of Pamela R. Rollins and extensive family ties/interlocks with entities under common control (RPC, Marine Products), elevating potential conflicts of interest .
- Ongoing related-party aircraft and administrative arrangements involving LOR, Inc., where she is an officer/director, creating recurring transactions with ROL .
- Concentrated voting power by the Significant Shareholder Group (~42% at ROL) may reduce minority shareholder influence on board elections and governance outcomes .
-
Mitigants
- Mandatory related-party transaction review/approval by the Nominating & Corporate Governance Committee; independent directors and Lead Independent Director structure; explicit hedging/pledging prohibitions .