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Risk Profile Improvements

  • Departure Of Ceo (new) — CEO retiring after 30-year tenure with no apparent internal successor, requiring external search process.
NYSE: RES RPC INC 8-K

RPC CEO Ben Palmer to retire by year-end; board launches external search for successor

Filed June 23, 2026 · Period ending June 16, 2026 · ~1 min read

Key Changes

  • high

    CEO Ben Palmer announced retirement effective when successor named or Dec 31, 2026, after 30 years with RPC including CEO since 2022 and CFO from 1996. Will transition to advisory role to support leadership handoff.

    Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
  • high

    Board accepted retirement notice and will engage independent executive search firm to find next CEO, indicating no internal succession plan was in place. Search expected to conclude before year-end 2026.

    Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
  • medium

    Search criteria focus on candidates with proven operational excellence in oilfield services, growth orientation, and commitment to maintaining RPC's financial strength and low-leverage balance sheet.

    Exhibit 99.1 verify on EDGAR →

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Generated by AI · Jun 25, 2026 12:06 AM