8-KOther Events

ONEOK INC /NEW/ 8-K Report (Sep 23, 2003)

Filed September 23, 2003For Securities:OKE

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.

Frequently Asked Questions

The "blackout period" is a temporary suspension of trading rights for participants in ONEOK's employee benefit plan, specifically The Thrift Plan for Employees of ONEOK, Inc. and Subsidiaries. During this time, participants cannot make transactions related to the company's common stock held within the plan.

The blackout period is occurring in connection with the quarterly payment of ONEOK's third quarter common stock dividend. This is a standard procedure to manage dividend processing and ensure compliance with regulations like Regulation BTR (Blackout Trading Restriction).

The blackout period is scheduled to commence on October 25, 2003, at 8:00 am and will end on November 1, 2003, at 8:00 am.

During the blackout period, plan participants will be unable to purchase, sell, or otherwise acquire or transfer an interest in plan assets, including ONEOK common stock. They also cannot change their investment options within the plan, initiate distributions or loans, or change their payroll deferral percentages.