DEFA14A: RPC, Inc. to Hold Annual Stockholders Meeting on April 22, 2025

RPC, Inc. announces its annual meeting of stockholders to be held on April 22, 2025, to elect directors and ratify the appointment of Grant Thornton LLP as its independent accounting firm.

Summary

• RPC, Inc. will hold its Annual Meeting of Stockholders on April 22, 2025, at 12:15 p.m. ET in Atlanta, GA.
• Stockholders of record as of February 28, 2025, are eligible to vote.
• The meeting will address the election of nine directors for a one-year term expiring in 2026.
• The meeting will also ratify the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
• Stockholders can access proxy materials online or request them by mail, phone, or email.
• The Board of Directors recommends voting FOR all director nominees and FOR the ratification of Grant Thornton LLP.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, indicating a neutral to slightly positive sentiment due to the routine nature of the corporate governance process.

Positives

• Stockholders have multiple options for accessing proxy materials and voting, including online, mail, phone, and in person.
• The company provides clear instructions for accessing materials and voting.
• The Board of Directors provides recommendations on how to vote on the proposals.

Risks

• The meeting may be held solely by means of remote communication in the interest of health and safety, which could inconvenience some stockholders.
• Failure to request proxy materials by April 11, 2025, may result in delayed delivery.

Future Outlook

The document outlines the standard procedures for an annual meeting, with no specific forward-looking financial statements or guidance provided.

Management Comments

• The Board of Directors recommends a vote FOR ALL the nominees listed in Proposal 1; and FOR Proposal 2.

Industry Context

This announcement is a routine part of corporate governance for publicly traded companies in all industries, including oil and gas services, where RPC, Inc. operates.

Comparison to Industry Standards

• Holding an annual meeting to elect directors and ratify the appointment of an independent auditor is standard practice for publicly traded companies like RPC, Inc.
• Companies such as Schlumberger, Halliburton, and Baker Hughes also conduct similar annual meetings to comply with regulatory requirements and corporate governance best practices.
• The process of providing proxy materials online and offering various voting methods aligns with industry standards for shareholder engagement.

Stakeholder Impact

• Shareholders are directly impacted by the election of directors and the ratification of the accounting firm.
• Employees may be indirectly affected by the decisions made at the Annual Meeting.

Next Steps

• Stockholders should review the proxy materials and vote on the proposals.
• The company will hold the Annual Meeting on April 22, 2025.
• The elected directors will serve a one-year term expiring in 2026.

Key Dates

Keywords

Annual Meeting, Stockholders, Proxy Statement, Board of Directors, Grant Thornton, Election of Directors, Ratification, Voting, RPC, Inc.