OGE ENERGY CORP. (NYSE:OGE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
OGE Energy Corp. (the "Company") is the parent company of Oklahoma Gas and Electric Company, a regulated electric utility with approximately 838,000 customers in Oklahoma and western Arkansas. In addition, the Company holds a 25.7 percent limited partner interest and a 50 percent general partner interest in Enable Midstream Partners, LP.
On August1, 2017, the Company's Board of Directors elected a new director, J. Michael Sanner, to a term beginning on September 1, 2017 and expiring at the Company's Annual Meeting of Shareholders scheduled for May 2018, at which time he is expected to be nominated for approval by the Company's shareholders. Mr. Sanner will serve on the Audit Committee and the Nominating and Corporate Governance Committee of the Board of Directors. Mr. Sanner will receive compensation for his Board service consistent with compensation received by the Company's other non-employee directors (which is described in Exhibit 10.18 to the Company's Form 10-K for the year ended December 31, 2016).
Mr. Sanner, 64, is a retired audit partner of the accounting firm Ernst & Young LLP. He began his 35-year career in public accounting at Arthur Andersen, joined Ernst & Young as a partner in 2002 and was appointed Office Managing Partner in multiple cities prior to his retirement in 2013. Mr. Sanner worked with clients in a variety of industries during his public accounting career. Most recently, he primarily served energy clients including those in regulated enterprises.
For further information, see the attached press release which is furnished as Exhibit 99.01 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
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(d) Exhibits |
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Exhibit Number |
Description |
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99.01 |
Press release dated August 2, 2017, announcing OGE Energy Corp. names J. Michael Sanner to Board of Directors. |
OGE ENERGY CORP. ExhibitEX-99.01 2 exhibit99018-3×17.htm EXHIBIT 99.01 Exhibit OGE Energy Corp. Names J. Michael Sanner to Board of DirectorsOKLAHOMA CITY – OGE Energy Corp. (NYSE: OGE) today announced that J. Michael Sanner has been appointed to the company’s board of directors and as a member of its audit committee and nominating and corporate governance committee,…To view the full exhibit click here
About OGE ENERGY CORP. (NYSE:OGE)
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E). OG&E is an electric utility-based in Oklahoma and its franchised service territory includes the Fort Smith, Arkansas area. The natural gas midstream operations segment represents its investment in Enable Midstream Partners, LP (Enable). Enable is engaged in the business of gathering, processing, transporting and storing natural gas and its assets are located in over four states and serve natural gas production from shale developments in the Anadarko, Arkoma and Ark-La-Tex basins.
