0000742278 false 0000742278 2023-10-02 2023-10-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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): October 2, 2023

 

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 office) (zip code)

 

Registrant's telephone number, including area code: (404) 321-2140

 

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 8.01 Other Events.

 

On October 2, 2023, RPC, Inc. issued a press release titled, “RPC, Inc. Announces Third Quarter 2023 Share Repurchases,” announcing the share repurchases RPC, Inc. made during the third quarter ended September 30, 2023.

 

Item 9.01 Financial Statements and Exhibits.

 

99.1  Press Release dated October 2, 2023
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: October 2, 2023 /s/ Michael L. Schmit
  Michael L. Schmit
  Vice President and Chief Financial Officer

 

 

 

Exhibit 99.1 

 

RPCLogo

 

RPC, Inc. Announces Third Quarter 2023 Share Repurchases

 

ATLANTA, October 2, 2023 - RPC, Inc. (NYSE: RES) announced today that during the third quarter of 2023 it purchased 136,692 shares for approximately $1.1 million under its share repurchase program.

 

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., please contact:

 

Michael L. Schmit

Chief Financial Officer

(404) 321-2140

irdept@rpc.net

 

Jim Landers

Vice President Corporate Services

(404) 321-2162

jlanders@rpc.net

 

 

 

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