secwatch.observer — SEC 8-K summary
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Issuer:     RPC INC (RES)
CIK:        0000742278
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001654954-25-000942
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RPC declassifies board, moves to annual director elections
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- Board declassified effective at 2025 Annual Meeting; all directors to face annual election.
- Six directors (Rollins, Hubbell, Wilson, Nix, Gunning, Palmer) resigned terms to stand for one-year election.
- Stockholders may now remove directors with or without cause by majority vote.
- Enhanced procedural requirements for stockholder nominations, including compliance with Rule 14a-19.
- Exclusive federal forum designated for Securities Act claims; stockholders liable for bylaw breach costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/742278/000165495425000942/0001654954-25-000942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/742278/000165495425000942/res_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-000942

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer