RPC, Inc. (RES) director Jerry Nix to step down as board declares $0.04 dividend
Filing Impact
Filing Sentiment
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.
Positive
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Negative
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8-K Event Classification
3 items: 5.02, 8.01, 9.01
3 items
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.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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.
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.