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RPC, Inc. (RES) director Jerry Nix to step down as board declares $0.04 dividend

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

RPC, Inc. reported that longtime director Jerry W. Nix will not stand for reelection at the 2026 Annual Meeting of Stockholders. He will remain on the Board and continue as Lead Independent Director and committee chair and member until that meeting, providing continuity in board leadership.

The company also announced a regular quarterly cash dividend of $0.04 per share, payable on March 10, 2026 to common stockholders of record at the close of business on February 10, 2026. The filing notes that Mr. Nix’s decision was not due to any disagreement regarding the company’s operations, policies or practices.

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0000742278false00007422782026-01-282026-01-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 28, 2026

RPC, INC.

(Exact name of registrant as specified in its charter)

Delaware

1-8726

58-1550825

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

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

(Address of principal executive office) (zip code)

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

N/A

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

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):

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))

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

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

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

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.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 27, 2026, Jerry W. Nix, a current director of RPC, Inc. (the “Company”), informed the Board of Directors that he will not stand for reelection as a director at the Company’s 2026 Annual Meeting of Stockholders.  Mr. Nix will serve out his term and continue to serve as a director of the Company until the 2026 Annual Meeting and will continue as Lead Independent Director, Chairman of the Human Capital Management and Compensation Committee, and Chairman of the Nominating and Corporate Governance Committee, and as a member of the Audit Committee, until the 2026 Annual Meeting.  Mr. Nix’s decision not to stand for reelection was not due to any disagreement between Mr. Nix and the Company regarding any matter relating to the Company’s operations, policies or practices.

Item 8.01  Other Events.

On January 28, 2026, RPC, Inc. issued a press release titled, "RPC, Inc. Announces Regular Quarterly Cash Dividend."  The press release announced that its Board of Directors declared a regular quarterly cash dividend of $0.04 per share payable March 10, 2026 to common stockholders of record at the close of business on February 10, 2026.  

Item 9.01. Financial Statements and Exhibits.

 

99.1

  ​ ​ ​

Press Release dated January 28, 2026

 

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

-2-

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.

 

 

Date: January 28, 2026

/s/ Michael L. Schmit

 

Michael L. Schmit

 

Vice President and Chief Financial Officer

-3-

FAQ

What board change did RPC, Inc. (RES) disclose in this 8-K?

RPC, Inc. disclosed that director Jerry W. Nix will not stand for reelection at the 2026 Annual Meeting. He will continue serving as a director, Lead Independent Director, and committee chair and member until that meeting, and the company stated there is no disagreement behind his decision.

When will Jerry W. Nix leave the RPC, Inc. (RES) board?

Jerry W. Nix will leave the RPC, Inc. board at the 2026 Annual Meeting of Stockholders. Until then, he remains a director, Lead Independent Director, Chairman of key committees, and a member of the Audit Committee, maintaining continuity in governance during the transition period.

Did RPC, Inc. (RES) report any disagreement with Jerry W. Nix?

RPC, Inc. stated that Jerry W. Nix’s decision not to stand for reelection was not due to any disagreement with the company. This includes no disagreement regarding operations, policies, or practices, indicating an orderly and non-contentious transition of board responsibilities at the 2026 meeting.

What dividend did RPC, Inc. (RES) announce and when is it payable?

RPC, Inc. announced a regular quarterly cash dividend of $0.04 per share. The dividend is payable on March 10, 2026 to common stockholders of record at the close of business on February 10, 2026, reflecting the company’s ongoing cash return policy.

Who is eligible to receive RPC, Inc.’s $0.04 per share dividend?

Common stockholders of RPC, Inc. on record at the close of business on February 10, 2026 are eligible for the $0.04 dividend. These stockholders will receive the regular quarterly cash dividend payment on March 10, 2026, as authorized by the company’s Board of Directors.

What committees does Jerry W. Nix serve on at RPC, Inc. (RES)?

Jerry W. Nix serves as Lead Independent Director, Chairman of the Human Capital Management and Compensation Committee, Chairman of the Nominating and Corporate Governance Committee, and a member of the Audit Committee. He will continue in these roles until the 2026 Annual Meeting of Stockholders.
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