Summary
This 8-K filing from ONEOK Inc., dated December 30, 2003, announces a temporary suspension of trading for participants in the company's employee benefit plan, known as the Thrift Plan for Employees of ONEOK, Inc. and Subsidiaries. This "blackout period" is a result of a change in investment funds available within the plan. The suspension will begin on February 3, 2004, and conclude on February 6, 2004. During this time, plan participants will be unable to conduct various transactions related to their plan assets, including the purchase, sale, or transfer of interests in plan assets, changes to investment options, initiation of distributions or loans, and adjustments to payroll deferral percentages.
Key Highlights
- 1ONEOK Inc. is implementing a temporary trading suspension for its employee thrift plan.
- 2The "blackout period" is due to a change in available investment funds within the plan.
- 3The suspension is scheduled to start on February 3, 2004, at 8:00 a.m. and end on February 6, 2004, at 8:00 a.m.
- 4During the blackout period, participants cannot buy, sell, transfer assets, change investments, initiate distributions/loans, or alter payroll deferrals.
- 5Shares of ONEOK common stock held within the plan are also subject to this trading restriction.
- 6The company is providing a contact person for inquiries regarding the blackout period.