Summary
ONEOK Inc. (OKE) filed an 8-K report on June 5, 2012, to announce the completion of its previously announced two-for-one stock split. This corporate action, effective through a distribution on June 1, 2012, for shareholders of record as of May 24, 2012, means that for every share held, shareholders received an additional share. The company's common stock began trading on a split-adjusted basis on the New York Stock Exchange on June 4, 2012.
Key Highlights
- 1ONEOK Inc. successfully completed a two-for-one stock split.
- 2The stock split was effective via a distribution of one additional share for each share held.
- 3Record date for the stock split was May 24, 2012.
- 4The distribution date for the new shares was June 1, 2012.
- 5The company's common stock started trading on a split-adjusted basis on June 4, 2012, on the NYSE.
- 6The filing primarily serves as a disclosure under Regulation FD regarding the stock split announcement.
Frequently Asked Questions
The primary purpose of this 8-K filing was to publicly disclose the completion of ONEOK Inc.'s two-for-one stock split, as required by regulations, ensuring all investors have access to this material information.
A two-for-one stock split effectively doubles the number of shares you own, while the price per share is halved. The total market value of your investment should remain the same immediately after the split, assuming no other market factors influence the stock price.
The common stock of ONEOK Inc. began trading on a split-adjusted basis on the New York Stock Exchange at the opening of trading on June 4, 2012.
Typically, stock splits are handled electronically through brokerage accounts. Shareholders usually see the increased number of shares reflected in their accounts automatically, and physical certificates are generally no longer issued for these types of adjustments.