RES 8-K
Rpc Inc (RES)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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.
On September 3, 2026, the Human Capital Management and Compensation Committee of the Board of Directors of RPC, Inc. approved adjustments to the compensation arrangements of Ben M. Palmer, the Company’s President and Chief Executive Officer, and Michael L. Schmit, the Company’s Vice President, Chief Financial Officer, Treasurer and Corporate Secretary.
Mr. Palmer’s annual base salary was increased from approximately $637,000 to $750,000, effective retroactively as of May 16, 2026.
Mr. Schmit’s annual base salary was increased from approximately $361,000 to $530,000, effective retroactively as of May 16, 2026. In addition, Mr. Schmit’s target annual cash bonus opportunity for 2026 was increased to 85% of his annual base salary.
The foregoing changes do not alter the other material terms of Messrs. Palmer’s and Schmit’s compensation arrangements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, RPC, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RPC, Inc. |
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Date: September 8, 2026 | /s/ Michael L. Schmit |
| Michael L. Schmit |
| Vice President, |
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