---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-063482"
form_type: "8-K"
ticker: "RES"
cik: "0000742278"
company_name: "RPC INC"
filed_at: "2022-05-20T23:59:59+00:00"
generated_at: "2026-06-25T08:53:36.077071+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RPC announces leadership transition: Hubbell to Executive Chairman, Palmer named CEO

## Summary
- Richard A. Hubbell moves from CEO to Executive Chairman of Board for one-year term; Gary W. Rollins resigns as Non-Executive Chairman but remains director.
- Ben M. Palmer promoted to President and CEO, elected Class I director; also appointed CEO of Marine Products Corporation.
- Michael L. Schmit appointed VP, CFO and Corporate Secretary; annual base salary $300,000 and 35,000 restricted stock award.
- Hubbell base salary $500,000, eligible for cash incentive up to 150% target on ROIC; 75,000 restricted stock award.
- Palmer base salary $600,000, eligible for cash incentive up to 150% target on ROIC; 90,000 restricted stock award.

## SEC filing metadata
- accession: 0001104659-22-063482
- form_type: 8-K
- ticker: RES
- cik: 0000742278
- company_name: RPC INC
- filed_at: 2022-05-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/742278/000110465922063482/0001104659-22-063482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/742278/000110465922063482/tm2216222d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-063482
- JSON: https://secwatch.observer/filing/0001104659-22-063482.json
- Plain text: https://secwatch.observer/filing/0001104659-22-063482.txt

## Key facts
- Executive change
  Gary W. Rollins resigned as Non-Executive Chairman at RPC INC.
  - Action: resigned
  - Role: Non-Executive Chairman
  source text: Gary W. Rollins, who served as Non-Executive Chairman following the passing of Mr. R. Randall Rollins, resigned from that position on the Effective Date, but remains on the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/742278/000110465922063482/0001104659-22-063482-index.htm
- Executive change
  Richard A. Hubbell was appointed as Executive Chairman of the Board at RPC INC.
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: Richard A. Hubbell was appointed to serve as Executive Chairman of the Board for a period of one year or until his successor is appointed, effective upon the resignation of Gary W. Rollins as Non-Executive Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/742278/000110465922063482/0001104659-22-063482-index.htm
- Executive change
  Ben M. Palmer changed role as President and Chief Executive Officer at RPC INC.
  - Action: promoted
  - Role: President and Chief Executive Officer
  source text: Ben M. Palmer was appointed to serve as President and Chief Executive Officer of the Company for a period of one year or until his successor is appointed, effective upon the resignation of Mr. Hubbell from that position, which occurred on the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/742278/000110465922063482/0001104659-22-063482-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.