0001188112-12-000163.txt : 20120125 0001188112-12-000163.hdr.sgml : 20120125 20120125074619 ACCESSION NUMBER: 0001188112-12-000163 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120125 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120125 DATE AS OF CHANGE: 20120125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RPC INC CENTRAL INDEX KEY: 0000742278 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 581550825 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08726 FILM NUMBER: 12543161 BUSINESS ADDRESS: STREET 1: 2801 BUFORD HIGHWAY CITY: ATLANTA STATE: GA ZIP: 30329 BUSINESS PHONE: 404-321-2140 MAIL ADDRESS: STREET 1: 2801 BUFORD HIGHWAY CITY: ATLANTA STATE: GA ZIP: 30329 FORMER COMPANY: FORMER CONFORMED NAME: RPC ENERGY SERVICES INC DATE OF NAME CHANGE: 19920703 8-K 1 t72395_8k.htm FORM 8-K t72395_8k.htm


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):  January 25, 2012



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, 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):
   
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 


Item 8.01  Other Events.

On January 25, 2012, RPC, Inc. issued a press release titled "RPC, Inc. Announces Stock Split and Increase in Regular Quarterly Cash Dividend."  The press release announced that the Board of Directors approved a three-for-two split of the Company’s common stock and increased the quarterly dividend from $0.10 per share to $0.12 per share to be paid on pre-split shares.


Item 9.01  Financial Statements and Exhibits.
 
 
(d)
Exhibits.
   
 
Exhibit 99 – Press Release dated January 25, 2012.

 
-2-

 


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: January 25, 2012
 
/s/ Ben M. Palmer  
    Ben M. Palmer  
    Vice President,  
   
Chief Financial Officer and Treasurer
 

-3-
EX-99 2 ex-99.htm EXHIBIT 99 ex-99.htm

Exhibit 99
 
GRAPHIC


RPC, Inc. Announces Stock Split and Increase in Regular Quarterly Cash Dividend
 
 
ATLANTA, January 25, 2012 - RPC, Inc. (NYSE: RES) announced today that its Board of Directors has approved a three-for-two split of the Company's outstanding common shares.  The split will be effected by issuing one additional share of common stock for every two shares of common stock held.  The additional share of common stock will be distributed on March 9, 2012 to holders of record at the close of business on February 10, 2012.  No fractional shares will be issued.  Fractional share amounts resulting from the split will be paid to stockholders in cash.

RPC also announced that its Board of Directors declared a 20.0 percent increase in the regular quarterly cash dividend from $0.10 per share to $0.12 per share payable March 9, 2012 to common stockholders of record at the close of business on February 10, 2012.  The dividend will be paid on pre-split shares.

“Our Board approved a three-for-two split at its regular quarterly meeting, the sixth in our history,” stated Hubbell.   “Also, our Board voted to increase our dividend by 20 percent, from $0.10 to $0.12 per share.  This dividend will be paid on pre-split shares.  These decisions are responses to a record 2011, a strong balance sheet, and our long-term confidence in our business,” concluded Hubbell.

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 Web site can be found at www.rpc.net.

For information about RPC, Inc. or this event, please contact:

Ben M. Palmer
Chief Financial Officer
(404) 321-2140
irdept@rpc.net

Jim Landers
Vice President, Corporate Finance
(404) 321-2162
jlanders@rpc.net
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