RPC Management
Management criteria checks 2/4
RPC's CEO is Ben Palmer, appointed in May 2022, has a tenure of 1.92 years. total yearly compensation is $2.27M, comprised of 23.9% salary and 76.1% bonuses, including company stock and options. directly owns 0.39% of the company’s shares, worth $6.68M. The average tenure of the management team and the board of directors is 1.9 years and 3.5 years respectively.
Key information
Ben Palmer
Chief executive officer
US$2.3m
Total compensation
| CEO salary percentage | 23.9% |
| CEO tenure | 1.9yrs |
| CEO ownership | 0.4% |
| Management average tenure | 1.9yrs |
| Board average tenure | 3.5yrs |
Recent management updates
Recent updates
Slowing Rates Of Return At RPC (NYSE:RES) Leave Little Room For Excitement
Apr 18
RPC (NYSE:RES) Is Paying Out A Dividend Of $0.04
Jan 28RPC: EPS Surprise, Acquisition Opportunities, And Trades At 3x-4x Cash Flow
Jan 27Why Investors Shouldn't Be Surprised By RPC, Inc.'s (NYSE:RES) Low P/E
Jan 25RPC (NYSE:RES) Knows How To Allocate Capital Effectively
Jan 02Should You Be Adding RPC (NYSE:RES) To Your Watchlist Today?
Dec 08RPC Caught In The Market's Crosswinds
Nov 12Here's Why We Think RPC (NYSE:RES) Might Deserve Your Attention Today
Sep 07RPC (NYSE:RES) Is Very Good At Capital Allocation
Aug 17News Flash: 4 Analysts Think RPC, Inc. (NYSE:RES) Earnings Are Under Threat
Jul 30Shifting Sands: RPC In A Volatile Oil Market
Jun 17Here's Why We Think RPC (NYSE:RES) Is Well Worth Watching
May 30Calculating The Intrinsic Value Of RPC, Inc. (NYSE:RES)
Apr 18Investors Shouldn't Overlook RPC's (NYSE:RES) Impressive Returns On Capital
Mar 20Should You Be Adding RPC (NYSE:RES) To Your Watchlist Today?
Jan 29RPC Q4 2022 Earnings Preview
Jan 24RPC Q3 2022 Earnings Preview
Oct 25RPC, Inc. (NYSE:RES) Shares Could Be 45% Below Their Intrinsic Value Estimate
Aug 24New Forecasts: Here's What Analysts Think The Future Holds For RPC, Inc. (NYSE:RES)
Jul 29RPC (NYSE:RES) Shareholders Will Want The ROCE Trajectory To Continue
Jul 20Is There An Opportunity With RPC, Inc.'s (NYSE:RES) 46% Undervaluation?
May 10RPC's (NYSE:RES) Solid Profits Have Weak Fundamentals
Mar 07RPC Aims Margin Growth, But Valuation Stretch Is A Concern
Mar 06RPC (NYSE:RES) Is Looking To Continue Growing Its Returns On Capital
Mar 04Upgrade: Analysts Just Made A Captivating Increase To Their RPC, Inc. (NYSE:RES) Forecasts
Jan 28Will RPC (NYSE:RES) Spend Its Cash Wisely?
Dec 01RPC On A Slow Growth Path; But Valuation Is A Concern
Nov 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$192m |
| Sep 30 2023 | n/a | n/a | US$238m |
| Jun 30 2023 | n/a | n/a | US$288m |
| Mar 31 2023 | n/a | n/a | US$271m |
| Dec 31 2022 | US$2m | US$544k | US$215m |
| Sep 30 2022 | n/a | n/a | US$142m |
| Jun 30 2022 | n/a | n/a | US$79m |
| Mar 31 2022 | n/a | n/a | US$32m |
| Dec 31 2021 | US$733k | US$450k | US$7m |
| Sep 30 2021 | n/a | n/a | -US$15m |
| Jun 30 2021 | n/a | n/a | -US$37m |
| Mar 31 2021 | n/a | n/a | -US$61m |
| Dec 31 2020 | US$706k | US$375k | -US$212m |
| Sep 30 2020 | n/a | n/a | -US$225m |
| Jun 30 2020 | n/a | n/a | -US$278m |
| Mar 31 2020 | n/a | n/a | -US$247m |
| Dec 31 2019 | US$1m | US$450k | -US$87m |
| Sep 30 2019 | n/a | n/a | -US$51m |
| Jun 30 2019 | n/a | n/a | US$68m |
| Mar 31 2019 | n/a | n/a | US$121m |
| Dec 31 2018 | US$1m | US$450k | US$174m |
| Sep 30 2018 | n/a | n/a | US$217m |
| Jun 30 2018 | n/a | n/a | US$224m |
| Mar 31 2018 | n/a | n/a | US$208m |
| Dec 31 2017 | US$1m | US$385k | US$160m |
Compensation vs Market: Ben's total compensation ($USD2.27M) is below average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Ben's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Ben Palmer (63 yo)
1.9yrs
Tenure
US$2,272,390
Compensation
Mr. Ben M. Palmer is President, Chief Executive Officer & Director of Marine Products Corporation from May 17, 2022. He serves as Treasurer at Cudd Energy Services, Inc. Mr. Palmer had been Chief Financial...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 37.3yrs | US$1.89m | 1.44% $ 24.5m | |
| VP, CFO | 1.9yrs | US$1.02m | 0.029% $ 494.2k | |
| CEO, President & Director | 1.9yrs | US$2.27m | 0.39% $ 6.7m |
1.9yrs
Average Tenure
63yo
Average Age
Experienced Management: RES's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 37.3yrs | US$1.89m | 1.44% $ 24.5m | |
| CEO, President & Director | 1.9yrs | US$2.27m | 0.39% $ 6.7m | |
| Lead Independent Director | 3.7yrs | US$157.00k | 0.0043% $ 73.7k | |
| Director | 40.3yrs | US$125.00k | 10.17% $ 173.1m | |
| Independent Director | 2yrs | US$136.00k | 0.0048% $ 81.9k | |
| Non-Independent Director | 5.3yrs | US$125.00k | 0.73% $ 12.4m | |
| Non-Independent Director | 7.5yrs | US$127.00k | 1.17% $ 19.9m | |
| Independent Director | 1.4yrs | US$127.00k | 0.69% $ 11.7m | |
| Independent Director | 3.3yrs | US$131.00k | 0.0069% $ 117.9k | |
| Independent Director | 3.3yrs | US$150.00k | 0.0076% $ 130.0k |
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: RES's board of directors are considered experienced (3.5 years average tenure).