What is the main purpose of this 8-K filing?

The main purpose of this filing is to inform investors about an amendment to ONEOK's By-laws that clarifies the succession of leadership for presiding over Board of Directors meetings in the absence of the Chairman.

Does this amendment impact ONEOK's financial performance or outlook?

No, this amendment is a governance-related change to the company's internal operating procedures for its Board of Directors. It does not directly impact ONEOK's financial performance, reported financial statements, or future business outlook as presented in this filing.

What is the role of the Lead Independent Director?

The Lead Independent Director, who is also the Chair of the Corporate Governance Committee, will now officially preside over Board meetings if the Chairman of the Board is unable to do so. This role is crucial for ensuring independent oversight and effective board functioning.

Where can I find more details about the By-laws amendment?

The complete text of the Amended and Restated By-laws, effective February 23, 2022, is attached to this Current Report on Form 8-K as Exhibit 3.1 and is incorporated by reference.

OKE 8-K: Corporate Changes

Summary

ONEOK, Inc. (OKE) filed an 8-K on February 28, 2022, primarily to report an amendment to its Amended and Restated By-laws, effective February 23, 2022. This amendment is procedural and relates to board meeting governance. Specifically, it designates the Chair of the Corporate Governance Committee (also known as the Lead Independent Director) to preside over Board meetings in the absence of the Chairman of the Board. This change aims to ensure clear leadership continuity and governance oversight at the board level.

Key Highlights

1Amendment to By-laws effective February 23, 2022.
2Designates Lead Independent Director (Chair of Corporate Governance Committee) to preside over Board meetings if Chairman is absent.
3No immediate material financial impact disclosed.
4Reinforces board governance and leadership succession protocols.
5Exhibit 3.1 contains the full text of the Amended and Restated By-laws.

ONEOK INC /NEW/ 8-K Report, Bylaw Amendment (Feb 28, 2022)

Summary

Key Highlights

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