UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
washington, d.c. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01 Other Events.
On April 26, 2023, RPC, Inc. issued a press release titled, "RPC, Inc. Board of Directors Declares Regular Quarterly Cash Dividend and Authorizes Expansion of Stock Repurchase Program." The press release announced that the Board of Directors declared a regular quarterly cash dividend of $0.04 per share payable June 9, 2023 to common stockholders of record at the close of business on May 10, 2023. Additionally, the press release announced that on April 25, 2023, the Board of Directors of RPC, Inc. increased the number of shares authorized for repurchase under its stock buyback program by 8.0 million shares for a total remaining available for repurchase of 15,115,820 shares. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
| 99.1 | Press Release dated April 26, 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: April 26, 2023 | /s/ Michael L. Schmit | |
| Michael L. Schmit | ||
| Vice President and Chief Financial Officer | ||
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