Short answer
RPC INC (RES) filed an 8-K current report with the SEC on September 8, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Ben Palmer’s annual salary raised from approximately $637,000 to $750,000, retroactive to May 16, 2026.
RPC INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Ben Palmer’s annual salary raised from approximately $637,000 to $750,000, retroactive to May 16, 2026
- CFO Michael Schmit’s annual salary raised from approximately $361,000 to $530,000, retroactive to May 16, 2026
- Schmit’s 2026 target cash bonus increased to 85% of annual base salary
- Compensation changes increase executive pay obligations without altering other material employment terms
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