FORM SD
Specialized Disclosure Report
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RPC, INC. | ||
(Exact name of registrant as specified in its charter) | ||
Delaware
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1-8726
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58-1550825
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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2801 Buford Highway NE, Suite 520, Atlanta, Georgia | 30329 |
(Address of principal executive office) | (zip code) |
James C. Landers | (404) 321-2140 |
(Name and telephone number, including area code, of the person in connection with this report.) |
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Rule 13p-1 under the Securities Exchange Act (17CFR 240.13p-1) for the reporting period from January 1 to December 31, 2014
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-2- |
RPC, Inc.
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(Registrant)
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By: /s/ Ben M. Palmer
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June 1, 2015
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Vice President,
Chief Financial Officer and Treasurer
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(Date)
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-3- |
(1)
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Company Overview
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(2)
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Conflict minerals and Covered Countries
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(3)
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Reasonable Country of Origin Inquiry (“RCOI”) and Nationally or internationally recognized due diligence framework
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(4)
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Due Diligence
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Identified those products which it manufactured or contracted to manufacture that contained one or more of the Conflict Minerals or its derivatives and determined that four of the products it sells contain tungsten.
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RPC conducted a survey of the direct suppliers that were identified as supplying products that contain Conflict Minerals. We used the Conflict Minerals Reporting Template (“CMRT”) published by the Electronic Industry Citizenship Coalition and Global e-Sustainability Initiative (“EICC/GeSI”) Conflict Free Sourcing Initiative (“CFSP”). CMRT maintains a list of smelters that have received a conflict free designation from the CFSP. All smelter information provided by the vendors is compared against the list maintained by CMRT.
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(5)
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Results of Due Diligence
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90 percent confirmed that 3TG used in their products is not from the Covered Countries. However, not all of them provided a list of the smelters that the minerals are sourced from. A few of the smelters listed do not have a conflict free designation from the CFSP even though they did not originate from the Covered Countries.
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10 percent confirmed that 3TG used in their products are from recycled or scrap sources.
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We are dependent on information received from our direct suppliers to conduct our good faith RCOI process.
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We have a varied supplier base with differing levels of resources and sophistication, and many of the suppliers are not subject to Rule 13p-1 of the Exchange Act.
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Certain suppliers were unable or unwilling to specify the smelters or refiners used for components and materials supplied to us.
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(6)
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Steps to be taken to mitigate risk
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We will continue to improve our due diligence measures and clearly communicate expectations to our direct suppliers concerning transparency and sourcing of materials and components containing Conflict Minerals.
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We will follow up with the suppliers that indicated that they were conflict free to obtain information regarding the smelters that are used to source the Conflict Minerals.
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The Company will continue to use CMRT as part of the supplier inquiry process for 2015.
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(7)
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Product Description:
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Product Description
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Processing Facility
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Country of Origin
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Efforts to
Determine Origin |
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Mills used to grind or cut and remove metal, composites or other materials in downhole oilfield completion and workover activities.
Motors used to perform services or convey tools in downhole oilfield completion activities
Tools used to create perforations in well casing to prepare a well for hydraulic fracturing operations
Hydraulically actuated rotary impact tools which move casing sleeves and clean out debris during oilfield completion operations
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A list of the facilities used in the these products that are contracted to be manufactured and have a “conflict free” designation on the CFSP list is shown below:
● ATI Firth Sterling
● ATI Tungsten Materials
● China Minmetals Nonferrous Metals Co Ltd
● H.C. Starck GmbH
● Ganzhou Grand Sea W & Mo Group Co Ltd
● Global Tungsten & Powders Corp.
● Jiangxi Xinsheng Tungsten Industry Co. Ltd
● Jiangxi Rare Earth & Rare Metals Tungsten Group Corp
● Xiamen Tungsten Co Ltd
A list of the facilities used in the these products that are contracted to be manufactured and are not on the CFSP list is shown below:
● EcoMetals
● Hubei Kingco Materials Science and Technology Co., Ltd
● Metal Tech America
● Multi-Metals
● NOC Metals
● Zhuzhou Cemented Carbide Group Co. Ltd
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Based on the Company’s due diligence efforts to date, the list of countries of origin for the relevant products is shown below:
● China
● Germany
● United States
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The efforts to determine the origin of conflict minerals are discussed above
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