RPC Inc raises CEO pay to $750,000, boosts CFO

RPC Inc. increased base salaries for its CEO and CFO retroactive to May 16, 2026, and raised the CFO’s 2026 target bonus opportunity.

Rhea-AI Filing Summary

RPC Inc. (RES) reports that on September 3, 2026, the Human Capital Management and Compensation Committee approved increases to executive compensation for its top officers. The annual base salary of President and CEO Ben M. Palmer was raised from approximately $637,000 to $750,000, effective retroactively as of May 16, 2026. The annual base salary of Vice President, Chief Financial Officer, Treasurer and Corporate Secretary Michael L. Schmit was raised from approximately $361,000 to $530,000, also effective retroactively as of May 16, 2026. For 2026, Mr. Schmit’s target annual cash bonus opportunity was set at 85% of his annual base salary. The company states that these changes do not alter other material terms of their compensation arrangements.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

CEO prior annual base salary: $637,000 CEO new annual base salary: $750,000 CFO prior annual base salary: $361,000 +2 more

5 metrics

CEO prior annual base salary $637,000 Approximate base salary of CEO Ben M. Palmer before the increase, effective change as of May 16, 2026

CEO new annual base salary $750,000 New base salary for CEO Ben M. Palmer, effective retroactively as of May 16, 2026

CFO prior annual base salary $361,000 Approximate base salary of CFO Michael L. Schmit before the increase, effective change as of May 16, 2026

CFO new annual base salary $530,000 New base salary for CFO Michael L. Schmit, effective retroactively as of May 16, 2026

CFO 2026 target annual cash bonus opportunity 85% of annual base salary Target bonus opportunity for CFO Michael L. Schmit for 2026

Key Terms

Human Capital Management and Compensation Committee, annual base salary, target annual cash bonus opportunity

3 terms

Human Capital Management and Compensation Committee regulatory

"On September 3, 2026, the Human Capital Management and Compensation Committee of the Board"

A human capital management and compensation committee is a board-level group that sets and oversees policies on pay, benefits, hiring, talent development, culture, diversity and succession for a company’s workforce and executives. It matters to investors because its decisions shape labor costs, retain key employees, manage people-related risks and align management incentives with long-term shareholder value—like a coach who sets team rules and pay to keep the squad focused and performing.

annual base salary financial

"Mr. Palmer’s annual base salary was increased from approximately $637,000 to $750,000"

target annual cash bonus opportunity financial

"Mr. Schmit’s target annual cash bonus opportunity for 2026 was increased to 85% of his"

FAQ

What executive compensation changes did RPC Inc. (RES) approve on September 3, 2026?

RPC approved higher base salaries for CEO Ben M. Palmer and CFO Michael L. Schmit, effective retroactively as of May 16, 2026, and increased Mr. Schmit’s 2026 target annual cash bonus opportunity to 85% of his annual base salary.

How much is the new base salary for RPC Inc. (RES) CEO Ben M. Palmer?

Ben M. Palmer’s annual base salary was increased from approximately $637,000 to $750,000, effective retroactively as of May 16, 2026, as approved by the Human Capital Management and Compensation Committee.

What is the new base salary for RPC Inc. (RES) CFO Michael L. Schmit?

Michael L. Schmit’s annual base salary was increased from approximately $361,000 to $530,000, effective retroactively as of May 16, 2026, while his other material compensation terms remain unchanged.

What is RPC Inc. (RES) CFO Michael L. Schmit’s 2026 target bonus opportunity?

For 2026, Michael L. Schmit’s target annual cash bonus opportunity was set at 85% of his annual base salary, in addition to the approved increase in his base salary.

Did RPC Inc. change other compensation terms for its CEO and CFO?

RPC states that the only changes are to base salaries and, for the CFO, the 2026 target annual cash bonus opportunity. The filing notes that these adjustments do not alter other material terms of their compensation arrangements.

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Available on EDGAR 09/08/2026 - 04:38 PM Accepted by SEC EDGAR 09/08/2026 - 04:38 PM Learn about SEC filing dates

0000742278false00007422782026-09-032026-09-03

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

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Date of Report (Date of earliest event reported): September 3, 2026

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RPC, INC.

(Exact name of registrant as specified in its charter)

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Delaware	1-8726	58-1550825
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

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2801 Buford Highway NE, Suite 300, Atlanta, Georgia 30329

(Address of principal executive offices) (zip code)

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Registrant's telephone number, including area code: (404) 321-2140

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N/A

(Former name or former address, if changed since last report.)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	​ ​	Trading Symbol(s)	​ ​	Name of each exchange on which registered
Common Stock, $0.10 par value		RES		New York Stock Exchange

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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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.

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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.

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Mr. Palmer’s annual base salary was increased from approximately $637,000 to $750,000, effective retroactively as of May 16, 2026.

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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.

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The foregoing changes do not alter the other material terms of Messrs. Palmer’s and Schmit’s compensation arrangements.

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SIGNATURES

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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.

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	RPC, Inc.
Date: September 8, 2026	/s/ Michael L. Schmit
	Michael L. Schmit
	Vice President, Chief Financial Officer and Treasurer

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Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 EX-101.SCH 2.6 KB
• EX-101 EX-101.LAB 15.6 KB
• EX-101 EX-101.PRE 10.1 KB