Form 8-K RPC INC For: Oct 24
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 24, 2018
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 520, 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)) |
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 24, 2018, RPC, Inc. issued a press release titled, "RPC, Inc. Announces Regular Quarterly Cash Dividend and Special Year-End Cash Dividend." The press release announced that the Board of Directors approved a regular quarterly dividend of $0.10 per share. Additionally, the Board declared a special year-end dividend of $0.07 per share. Both dividends are payable December 10, 2018 to stockholders of record at the close of business on November 9, 2018.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
Exhibit 99 – Press Release dated October 24, 2018
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 24, 2018 | /s/ Ben M. Palmer | |
| Ben M. Palmer | ||
| Vice President, | ||
| Chief Financial Officer and Treasurer |
Exhibit 99
RPC, Inc. Announces Regular Quarterly Cash Dividend and
Special Year-End Cash Dividend
ATLANTA, October 24, 2018 - RPC, Inc. (NYSE: RES) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.10 per share. Additionally, the Board declared a special year-end cash dividend of $0.07 per share. Both dividends are payable December 10, 2018 to common stockholders of record at the close of business on November 9, 2018.
“The decision of our Board of Directors to continue our regular quarterly dividend and declare a third consecutive special year-end dividend represents a tangible way to reward our shareholders for their long-term interest in our company,” stated Richard A. Hubbell, RPC’s President and Chief Executive Officer.
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 www.rpc.net.
For information about RPC, Inc. or this press release, please contact:
Ben M. Palmer
Chief Financial Officer
(404) 321-2140
Jim Landers
Vice President, Corporate Finance
(404) 321-2162