8-KOther EventsExhibits & Filings

WILLIAMS COMPANIES, INC. 8-K Report, Corporate Update (May 7, 2015)

Filed May 7, 2015For Securities:WMB

Summary

This 8-K filing by WILLIAMS COMPANIES, INC. (WMB) addresses the restatement of historical financial information to reflect the completed merger between Williams Partners L.P. (WPZ) and Access Midstream Partners, L.P. (ACMP). The merger, finalized on February 2, 2015, resulted in a combined entity named Williams Partners L.P. Consequently, WMB is providing recast historical data for its annual report on Form 10-K for the year ended December 31, 2014, to align segment reporting with the post-merger structure. The primary impact for investors is the change in how the former Access Midstream segment is reported. For periods after the acquisition of a controlling interest in ACMP (July 1, 2014), this segment is now included within Williams Partners. Prior to this acquisition, it was reported under 'Other'. This restatement ensures that the financial data accurately reflects the operational integration and segment composition following the significant merger event. Investors should review the recast financial data, particularly the Management's Discussion and Analysis and Selected Financial Data, to understand the historical performance under the new reporting framework.

Key Highlights

  • 1Williams Partners L.P. (WPZ) and Access Midstream Partners, L.P. (ACMP) completed their merger on February 2, 2015.
  • 2The filing provides recast historical financial information for the year ended December 31, 2014, to reflect the post-merger segment structure.
  • 3The former Access Midstream segment is now reported within Williams Partners for periods after July 1, 2014 (ACMP Acquisition).
  • 4Prior to the ACMP Acquisition, the former Access Midstream segment is reported within 'Other'.
  • 5Recast information includes sections of the Annual Report on Form 10-K, such as Selected Financial Data and Management's Discussion and Analysis.
  • 6This 8-K should be read in conjunction with WMB's Quarterly Report on Form 10-Q for the period ended March 31, 2015.
  • 7The filing includes standard forward-looking statement disclaimers and risk factor disclosures.

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