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

The primary purpose of this filing is to present recast historical financial information from Williams Companies' (WMB) 2009 Form 10-K to reflect a revised segment reporting structure implemented after a strategic restructuring in the first quarter of 2010. It ensures that historical data aligns with the new 'Williams Partners,' 'Exploration & Production,' and 'Other' segments for consistent analysis.

Does this filing contain new financial results for WMB?

No, this filing does not contain new operational or financial results. It is an update to historical data to reflect a change in how the company categorizes its business segments. Investors should refer to WMB's Quarterly Report on Form 10-Q for the period ended March 31, 2010, for the most recent financial performance.

What specific historical financial information has been recast?

The recast information includes items from the company's 2009 Form 10-K, such as Selected Financial Data, Management's Discussion and Analysis of Financial Condition and Results of Operations, Quantitative and Qualitative Disclosures About Market Risk, and Financial Statements and Supplementary Data, as well as Computations of Ratio of Earnings to Fixed Charges and Schedule II — Valuation and Qualifying Accounts.

What are the risks and uncertainties mentioned in the filing?

The filing includes a comprehensive list of forward-looking statements and associated risks, covering factors such as market demand, price volatility, availability and cost of capital, economic conditions, regulatory changes (including climate change legislation), operational hazards, credit risk of customers, and geopolitical situations. These factors could cause actual results to differ materially from those projected.

WMB 8-K SEC Disclosure — May 26, 2010

Summary

Williams Companies, Inc. (WMB) filed a Current Report on Form 8-K on May 26, 2010, primarily to provide updated historical financial information following a strategic restructuring completed in the first quarter of 2010. The company has revised its segment reporting structure to include Williams Partners, Exploration & Production, and Other. This filing recasts certain previously reported financial data from its Form 10-K for the year ended December 31, 2009, to reflect this new segmentation, ensuring consistency for investors in analyzing performance across the updated business units. Investors should note that this 8-K does not present new operational results but rather a retrospective adjustment to historical reporting. The recast information includes selected financial data, management's discussion and analysis, market risk disclosures, financial statements, and valuation accounts. The filing also reiterates a comprehensive list of forward-looking statements and associated risks, emphasizing that actual results could differ materially due to various market, economic, and operational factors. Investors are advised to consult this filing, the company's most recent 10-Q, and previous 10-K filings for a complete understanding of WMB's financial position and outlook.

Key Highlights

1Williams Companies, Inc. (WMB) has updated its segment reporting structure following a Q1 2010 strategic restructuring, now reporting under Williams Partners, Exploration & Production, and Other.
2Historical financial data from the Form 10-K for the year ended December 31, 2009, has been recast to align with the new segment reporting framework.
3The filing includes recast selected financial data, Management's Discussion and Analysis (MD&A), market risk disclosures, and financial statements.
4Valuation and Qualifying Accounts for the three years ended December 31, 2009, are also provided under the new segment structure.
5The report contains extensive forward-looking statements and a detailed list of risks and uncertainties that could impact future results.
6Investors are directed to read this 8-K in conjunction with WMB's Q1 2010 10-Q and other recent filings for a comprehensive view.

WILLIAMS COMPANIES, INC. 8-K Report, Corporate Update (May 26, 2010)

Summary

Key Highlights

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