Summary
This Form 8-K filing from ONEOK, Inc. (OKE) dated September 23, 2003, primarily informs investors about a temporary suspension of trading, commonly known as a "blackout period," affecting the company's employee benefit plan. This blackout is scheduled to occur in connection with the quarterly dividend payment for the third quarter of 2003. During this period, participants in The Thrift Plan for Employees of ONEOK, Inc. and Subsidiaries will be unable to make transactions involving shares of ONEOK common stock held within the plan. This includes the ability to buy, sell, or transfer interests, change investment options, initiate distributions or loans, or adjust payroll deferral percentages. Investors should note that this is a routine event related to dividend processing and is intended to comply with Regulation BTR. The blackout period will commence on October 25, 2003, and conclude on November 1, 2003.
Key Highlights
- 1ONEOK, Inc. is announcing a temporary "blackout period" for its employee benefit plan, The Thrift Plan for Employees of ONEOK, Inc. and Subsidiaries.
- 2This blackout is related to the quarterly dividend payment for ONEOK's common stock.
- 3The trading suspension will restrict participants' ability to transact in company stock held within the plan.
- 4The blackout period is set to begin on October 25, 2003, at 8:00 am and end on November 1, 2003, at 8:00 am.
- 5During the blackout, participants cannot buy, sell, transfer shares, change investments, initiate distributions/loans, or alter payroll deferrals.
- 6The company has notified the plan administrator and is complying with Regulation BTR and ERISA requirements.
- 7Robin Lacy at ONEOK, Inc. is the designated contact for inquiries regarding this blackout period.