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 842,000 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 February 5, 2018, Scott Forbes, Controller and Chief Accounting Officer, notified the Company that he intends to resign as the Company’s principal accounting officer, effective as of February 28, 2018. In order to assist the Company and his successor in the transition process, Mr. Forbes has agreed to continue employment with the Company through mid-2018 when he expects to retire from the Company.
On February 8, 2018, the Company appointed Sarah Stafford to succeed Mr. Forbes as its Controller and Chief Accounting Officer, effective March 1, 2018.
Ms. Stafford, 36, joined the Company in October 2016 and has served as Accounting Research Officer where she is involved in accounting research for all aspects of the utility, including regulatory and property accounting. Previously, she served as a Senior Manager in the Assurance practice at Ernst & Young LLP for twelve years, specializing in regulated utility clients. Ms. Stafford received a Bachelor of Science degree in Business Administration, majoring in Accounting, and a Master of Science degree in Accounting from Oklahoma State University in 2004, and holds active license as a Certified Public Accountant.
No change has been made to Ms. Stafford’s compensation in connection with her appointment as Controller and Chief Accounting Officer of the Company.
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
OGE ENERGY CORP. ExhibitEX-99.01 2 exhibit9901-020818.htm EXHIBIT 99.01 Exhibit OGE Energy names Sarah Stafford Controller and Chief Accounting OfficerStafford will follow Scott Forbes who will retire later in 2018 OKLAHOMA CITY – OGE Energy Corp. (NYSE: OGE) today announced that it has named Sarah Stafford controller and chief accounting officer effective March 1,…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.
