RPC Inc updates board roles and 2026 vote results
RPC, Inc. reported results of its 2026 Annual Meeting and updated a prior disclosure about director roles.
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Form Type
8-K
Rhea-AI Filing Summary
RPC, Inc. reported results of its 2026 Annual Meeting and updated a prior disclosure about director roles. Gary Kolstad, previously elected as an independent director, was appointed to the Board’s Human Capital Management and Compensation Committee and the Audit Committee, and will chair the Human Capital Management and Compensation Committee.
Stockholders elected ten director nominees and ratified Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026. They also gave advisory approval to the company’s executive compensation program, approved and ratified prior grants of performance stock units to the Chief Executive Officer and the Executive Chairman, and approved amendments to the 2024 Stock Incentive Plan. These votes collectively affirm the company’s current leadership, compensation structure, and equity incentive framework.
8-K Event Classification
2 items: 5.02, 5.07
2 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 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Auditor ratification – For votes: 202,026,703 votes
Say-on-pay – For votes: 190,731,370 votes
CEO PSU grants – For votes: 192,362,100 votes
+4 more
7 metrics
Auditor ratification – For votes
202,026,703 votes
Ratification of Grant Thornton LLP for fiscal year ending December 31, 2026
Say-on-pay – For votes
190,731,370 votes
Non-binding advisory vote on executive compensation at 2026 Annual Meeting
CEO PSU grants – For votes
192,362,100 votes
Approval and ratification of previous performance stock unit grants to Chief Executive Officer
Executive Chairman PSU grants – For votes
192,349,217 votes
Approval and ratification of previous performance stock unit grants to Executive Chairman
2024 Stock Incentive Plan amendments – For votes
142,609,503 votes
Approval of amendments to 2024 Stock Incentive Plan
Director Susan R. Bell – For votes
197,093,140 votes
Election as director at 2026 Annual Meeting
Director Gary Kolstad – For votes
197,434,616 votes
Reelection as director at 2026 Annual Meeting
Key Terms
Human Capital Management and Compensation Committee, Audit Committee, non-binding vote on executive compensation, performance stock units, +2 more
6 terms
Human Capital Management and Compensation Committee financial
"appointed by the Board to serve on the Human Capital Management and Compensation Committee and the Audit Committee"
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.
Audit Committee financial
"appointed by the Board to serve on the Human Capital Management and Compensation Committee and the Audit Committee of the Board"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
non-binding vote on executive compensation financial
"held a non-binding vote on executive compensation; (iv) approved and ratified certain previous grants"
performance stock units financial
"approved and ratified certain previous grants of performance stock units to our Chief Executive Officer"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
2024 Stock Incentive Plan financial
"approved certain amendments to the Company’s 2024 Stock Incentive Plan"
Broker Non-Vote financial
"For | | | Against | | | Abstain | | | Broker Non-Vote |"
A broker non-vote happens when a brokerage firm holds shares in street name for a client but does not cast a ballot on a particular shareholder item because the broker lacks discretionary authority to vote that matter. Think of it like a person who owns a ticket but the ticket-holder refuses to vote on some issues; the share counts for ownership but not for that vote, which can affect whether proposals reach the required number of votes or a quorum.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What board committee roles did Gary Kolstad receive at RPC, Inc. (RES)?
Gary Kolstad was appointed to RPC, Inc.’s Human Capital Management and Compensation Committee and its Audit Committee. He will also serve as Chairman of the Human Capital Management and Compensation Committee following his reelection at the 2026 Annual Meeting of stockholders.
How many directors were elected at RPC, Inc. (RES)’s 2026 Annual Meeting?
Stockholders elected ten director nominees to the RPC, Inc. Board at the 2026 Annual Meeting. The detailed voting results for each nominee showed strong support, with each candidate receiving significantly more votes “For” than “Against” or “Abstain,” alongside broker non-votes.
Which auditor did RPC, Inc. (RES) stockholders ratify for fiscal 2026?
Stockholders ratified Grant Thornton LLP as RPC, Inc.’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The proposal received 202,026,703 votes “For,” 7,139,463 votes “Against,” and 92,594 “Abstain,” confirming continued engagement with that audit firm.
What did RPC, Inc. (RES) stockholders decide on executive compensation in 2026?
Stockholders held a non-binding vote on executive compensation and supported the company’s pay program. The advisory proposal received 190,731,370 votes “For,” 7,647,225 “Against,” 212,420 “Abstain,” and 10,667,745 broker non-votes, indicating broad shareholder backing of management’s compensation structure.
Did RPC, Inc. (RES) stockholders approve prior performance stock unit grants?
Stockholders approved and ratified previous performance stock unit grants to the Chief Executive Officer and the Executive Chairman. Each proposal drew substantial “For” votes relative to “Against” and “Abstain,” reinforcing support for these equity-based incentives tied to leadership performance.
Were changes to RPC, Inc. (RES)’s 2024 Stock Incentive Plan approved?
Yes. Stockholders approved amendments to RPC, Inc.’s 2024 Stock Incentive Plan. The proposal received 142,609,503 votes “For,” 54,634,966 “Against,” 406,797 “Abstain,” and 11,607,494 broker non-votes, allowing the company to continue using the updated equity incentive framework.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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