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RES > SEC Filings for RES > Form 8-K on 24-Apr-2009All Recent SEC Filings

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Form 8-K for RPC INC


24-Apr-2009

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

Executive Officer Compensation

On April 20, 2009, the Compensation Committee of the Board of Directors approved
a reduction in the base salary for its Named Executive Officers identified in
the registrant's 2009 proxy statement. In light of the difficult operating
environment faced by the Company, the Named Executive Officers volunteered to
reduce their base salaries effective April 16, 2009, as follows:


       Name                     Title                     Base Salary as of
                                                    January 1, 2009 April 16, 2009

                   President and Chief Executive
Richard A. Hubbell Officer                                $ 700,000      $ 595,000

                   Vice President, Chief Financial
Ben M. Palmer      Officer and Treasurer                  $ 250,000      $ 212,500

R. Randall Rollins Chairman                               $ 600,000      $ 510,000

Linda H. Graham Vice President and Secretary $ 165,000 $ 140,250

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