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): July 14, 2025
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 offices) (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 July 14, 2025, the Board of Directors of RPC, Inc. (the “Company”) appointed Gary Kolstad as an Independent Director effective as of the same date. Mr. Kolstad will be compensated on the same basis as the other non-employee directors, and he has not been appointed to any committees at this time. There are no transactions between Mr. Kolstad and the Company that would be reportable under Item 404(a) of Regulation S-K, and no arrangements or understandings with any persons pursuant to which he was selected as a director.
Item 9.01 Financial Statements and Exhibits.
99.1 – Press Release dated July 14, 2025
104 - Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: July 14, 2025 | /s/ Michael L. Schmit | |
Michael L. Schmit | ||
Vice President, | ||
Chief Financial Officer and Treasurer |
Exhibit 99.1
Gary Kolstad Appointed to the
RPC, Inc.
Board of Directors
ATLANTA, July 14, 2025 – RPC, Inc. (NYSE: RES) announced today the appointment of Gary Kolstad to the Board of Directors of the Company. Kolstad holds a B.S. Degree from Montana Technological University in petroleum engineering and studied Psychology and Engineering at Montana State University-Bozeman. After a long career in various oilfield services positions at a large, international oil and gas services company, he served as Chairman and CEO of public and private companies and currently holds multiple Advisory Board Member and Investor positions.
Richard A. Hubbell, Chairman of the Board of RPC, Inc. stated, “Gary Kolstad’s industry experience has been beneficial to the boards on which he has served. We look forward to his contributions to our board in the years ahead.”
RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in selected international markets. RPC’s investor website can be found on the internet at RPC.net.
For information about RPC, Inc. or this event, please contact:
Michael L. Schmit
Chief Financial Officer
(404) 321-2140
irdept@rpc.net
Joshua Large
Vice President, Corporate Finance and Investor Relations
(404) 321-2152
jlarge@rpc.net