Summary
ONEOK, Inc. (OKE) filed an 8-K report on January 16, 2007, to announce the retirement of a long-standing Board of Directors member, Douglas A. Newsom. Mr. Newsom retired on January 16, 2007, upon reaching the mandatory retirement age of 73 as stipulated by the company's Corporate Governance Guidelines. Mr. Newsom had a significant tenure, serving on the Board for over 25 years. At the time of his retirement, he was an active member of two key committees: the Audit Committee and the Executive Compensation Committee. This departure marks the end of a substantial period of service and engagement with the company's governance and oversight functions.
Key Highlights
- 1Douglas A. Newsom retired from ONEOK's Board of Directors on January 16, 2007.
- 2Mr. Newsom's retirement was due to reaching the mandatory retirement age of 73, as per company policy.
- 3He served on the Board for over 25 years, indicating a long and consistent tenure.
- 4At the time of retirement, Mr. Newsom was a member of the Audit Committee.
- 5He was also a member of the Executive Compensation Committee.
- 6The retirement aligns with ONEOK's Corporate Governance Guidelines.