Summary
This 8-K filing from ONEOK, Inc. (OKE) reports a temporary suspension of trading under its employee benefit plan, specifically the Thrift Plan for Employees of ONEOK, Inc. and Subsidiaries. This "blackout period" is scheduled to begin on April 27, 2004, at 8:00 a.m. and conclude on April 30, 2004, at 8:00 a.m. The suspension is due to a change in two investment funds available within the plan. During this period, participants will be unable to make transactions such as purchasing or selling plan assets, changing investment options, initiating distributions or loans, or adjusting payroll deferral percentages. Notably, shares of ONEOK, Inc. common stock held within the plan are also subject to this trading restriction. Investors who hold OKE shares within this specific employee benefit plan should be aware of this temporary inability to trade their holdings.
Key Highlights
- 1ONEOK, Inc. is implementing a temporary trading suspension (blackout period) for its employee Thrift Plan.
- 2The blackout period is scheduled to occur from April 27, 2004, at 8:00 a.m. to April 30, 2004, at 8:00 a.m.
- 3This suspension is required due to changes in two investment funds within the employee benefit plan.
- 4During the blackout, participants cannot trade plan assets, change investments, initiate distributions or loans, or alter deferral percentages.
- 5Shares of ONEOK, Inc. common stock held within the plan are included in this trading restriction.
- 6The notice of the blackout period was received by ONEOK, Inc. on March 22, 2004.