RPC, INC. (NYSE:RES) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders.
The 2017 annual meeting of stockholders of the Company was held
on April25, 2017. At the annual meeting, the stockholders of the
Company (i)elected three Class I nominees to the Board of
Directors; (ii) ratified the appointment of Grant Thornton LLP as
the Companys independent registered public accounting firm for
the fiscal year ending December 31, 2017; (iii) held a nonbinding
vote on executive compensation; and (iv) held a nonbinding vote
regarding the frequency of voting on executive compensation.
The voting results for each proposal are as follows:
| 1. |
To elect the three Class I nominees to the Board of Directors: |
| For | Withheld |
Broker Non-Vote |
||||
| Class I nominees: | ||||||
| R. Randall Rollins | 185,352,763 | 17,069,575 | 5,975,819 | |||
| Henry B. Tippie | 175,420,890 | 27,001,448 | 5,975,819 | |||
| James B. Williams | 180,583,365 | 21,838,973 | 5,975,819 |
| 2. |
To ratify the appointment of Grant Thornton LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017: |
| For | Against | Abstain | ||
| 207,636,782 | 701,659 | 59,716 |
| 3. | To hold a non-binding vote on executive compensation: |
| For | Against | Abstain |
Broker Non-Vote |
|||
| 200,154,862 | 2,145,115 | 122,361 | 5,975,819 |
| 4. |
To hold a nonbinding vote regarding the frequency of voting on executive compensation: |
| 1 Year | 2 Years | 3 Years | Abstain |
Broker Non-Vote |
||||
| 27,290,917 | 169,845 | 174,378,537 | 583,039 | 5,975,819 |
Based on these results and consistent with the Companys
recommendation, the Board has determined that the Company will
hold a non-binding advisory vote on executive compensation every
three years.
About RPC, INC. (NYSE:RES)
RPC, Inc. (RPC) is a holding company for several oilfield services companies. The Company provides a range of specialized oilfield services and equipment to oil and gas companies engaged in the exploration, production and development of oil and gas properties across the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets. It operates through two segments: Technical Services and Support Services. Its Technical Services include Pressure Pumping, Downhole Tools, Coiled Tubing, Snubbing, Nitrogen, Well Control, Wireline Services and Fishing. The Support Services segment comprises Oilfield Pipe Inspection Services, Pipe Management and Pipe Storage, Well Control School and Energy Personnel International. RPC acts as a holding company for its operating units, Cudd Energy Services, Patterson Rental and Fishing Tools, Bronco Oilfield Services, Thru Tubing Solutions, Well Control School and others. RPC, INC. (NYSE:RES) Recent Trading Information
RPC, INC. (NYSE:RES) closed its last trading session up +0.77 at 18.67 with 2,646,405 shares trading hands.
