RPC INC 8-K

What Happened

• On June 16, 2026, Ben M. Palmer, who serves as a Director, President and Chief Executive Officer of RPC, Inc., notified the company he will retire effective on the earlier of a successor being named or December 31, 2026. The Board accepted his notice and plans to engage a leading independent executive search firm to identify the next CEO. Mr. Palmer will remain in an advisory capacity to support the leadership transition; terms of any advisory arrangement have not been determined. RPC issued a press release about the announcement on June 23, 2026 and filed Form 8-K (Items 5.02 and 7.01) the same day.

Key Details

• Notice date: June 16, 2026; public disclosure and Form 8-K filed June 23, 2026.
• Effective date: upon successor appointment or December 31, 2026 (whichever is earlier).
• Roles affected: Director, President and Chief Executive Officer (Ben M. Palmer).
• Board action: will engage a leading independent executive search firm; advisory terms for Mr. Palmer not yet set.

Why It Matters

• A CEO transition is a material leadership change that can affect strategy, operations and investor confidence. RPC has initiated a formal search process and retains continuity by having Mr. Palmer remain available in an advisory role, but the company did not disclose timing for a successor or any financial impact. Investors should watch for updates on the search, nomination of a successor, and any additional disclosures about transition arrangements.