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AI brief of an SEC Form 8-K · RPC (RES)

RPC Inc. Raises CEO and CFO Base Salaries, Effective May 16, 2026

Neutral Impact 2 of 5 leadership Written later

RPC's compensation committee approved higher base salaries for CEO Ben M. Palmer and CFO Michael L. Schmit, retroactive to May 16, 2026. Schmit's 2026 target bonus opportunity also rose to 85% of his base salary, and the company says no other material terms changed.

Key points

  • Palmer's base salary rose from about $637,000 to $750,000
  • Schmit's base salary rose from about $361,000 to $530,000
  • Schmit's 2026 target annual cash bonus is now 85% of base salary
  • Changes approved September 3, 2026, effective retroactively to May 16, 2026

The filing

CompanyRPC (RES)
Form8-K, current report
Filed with the SECSep 8, 2026, 4:38 PM ET
Accession number0001104659-26-105928

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.