secwatch.observer — SEC 8-K summary
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Issuer:     RPC INC (RES)
CIK:        0000742278
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001104659-23-049884
Event type: dividend
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RPC declares $0.04 quarterly dividend, expands buyback by 8M shares
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- Regular quarterly cash dividend of $0.04 per share, payable June 9, 2023 to holders of record May 10, 2023.
- Board increased share repurchase authorization by 8.0 million shares; total remaining available is 15,115,820 shares.
- Stock buyback program has no predetermined expiration date; repurchases depend on market price and conditions.
- Company does not expect to incur debt to fund the share repurchase program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/742278/000110465923049884/0001104659-23-049884-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/742278/000110465923049884/tm2313716d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-049884

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