Summary
ONEOK Inc. (OKE) filed an 8-K on March 25, 2026, to report the upcoming retirements of two long-standing Board members, Pattye L. Moore and Gerald B. Smith. Ms. Moore has decided to retire at the end of her current term and will not seek re-election at the upcoming 2026 annual meeting of shareholders, scheduled for May 20, 2026. Similarly, Mr. Smith will also not stand for re-election due to the company's mandatory age retirement policy. Importantly, both retirements are stated to be without any disagreement with the company's operations, policies, or practices, which should provide investor confidence regarding the stability of ONEOK's governance.
Key Highlights
- 1Pattye L. Moore to retire from the Board of Directors at the end of her current term, not seeking re-election at the May 20, 2026 Annual Meeting.
- 2Gerald B. Smith to retire from the Board of Directors, not seeking re-election at the May 20, 2026 Annual Meeting.
- 3Mr. Smith's retirement is due to ONEOK's mandatory age retirement policy (retiring no later than the annual meeting following a director's 75th birthday).
- 4Both directors' decisions to retire are not due to any disagreements with ONEOK's operations, policies, or practices.
- 5The company announced these changes on March 25, 2026, with a press release attached as an exhibit.
- 6The filing also includes the standard cover page interactive data file.
Frequently Asked Questions
Pattye L. Moore has decided to retire at the end of her current term and not stand for re-election. Gerald B. Smith is retiring due to ONEOK's mandatory age retirement policy, which requires directors to retire no later than the annual meeting following their 75th birthday. Both decisions are amicable and not due to any disagreements with the company.
Both Ms. Moore and Mr. Smith's current terms expire at the 2026 annual meeting of shareholders, scheduled for May 20, 2026. Therefore, their retirements will be effective on that date, assuming they do not stand for re-election.
The filing explicitly states that neither director's retirement is a result of any disagreement with ONEOK regarding its operations, policies, or practices. This suggests that the company's strategic direction and operational management are not expected to be negatively impacted by these leadership transitions.
This 8-K filing only announces the upcoming retirements. While it's typical for companies to announce new director appointments separately, this particular filing does not provide information on any immediate replacements for Ms. Moore or Mr. Smith.