On September 3, 2026, RPC, Inc.'s Human Capital Management and Compensation Committee approved retroactive salary adjustments for President and CEO Ben M. Palmer and CFO Michael L. Schmit, effective May 16, 2026. Mr. Palmer's annual base salary increased from approximately $637,000 to $750,000. Mr. Schmit's annual base salary rose from approximately $361,000 to $530,000, and his target 2026 cash bonus opportunity was raised to 85% of his base salary. These changes do not alter other material terms of their compensation arrangements. RPC, Inc. provides oilfield services and equipment rental solutions.

RPC, Inc. reported second quarter 2026 financial results with revenues of $460.9 million, a 1% sequential increase. Net income rose to $12.1 million (diluted EPS $0.05) from $0.9 million in the prior quarter, while adjusted EBITDA increased 23.3% sequentially to $66.0 million. The Board declared a regular quarterly cash dividend of $0.04 per share, payable September 10, 2026, to shareholders of record on August 10, 2026. Additionally, the company amended its credit agreement to extend revolving loan maturity to June 30, 2031, and made a $20 million principal payment on acquisition-related debt. RPC operates in the oilfield services industry.

RPC, Inc. entered into an Amended and Restated Credit Agreement with Bank of America and other lenders on June 30, 2026, providing a $100 million revolving line of credit, including a $35 million letter of credit sub-facility and a $35 million swingline sub-facility. The amendment extends the termination date for revolving loans from June 22, 2027, to June 30, 2031, and removes the SOFR Adjustment to pricing. RPC, Inc. operates in the restaurant industry and provides food and beverage services.

Ben M. Palmer notified RPC, Inc. of his decision to retire as Director, President, and Chief Executive Officer. The retirement becomes effective on either December 31, 2026, or once a successor is named. Following his departure, Mr. Palmer will serve in an advisory capacity to assist with the leadership transition, though the specific terms of this arrangement remain undetermined. The Board of Directors is engaging an independent executive search firm to identify a new CEO. RPC, Inc. is a company involved in various business operations.