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 847,000 customers in Oklahoma and western Arkansas. In addition, the Company holds a 25.6 percent limited partner interest and a 50 percent general partner interest in Enable Midstream Partners, LP.
On December 5, 2018, the Company's Board of Directors elected a new director, David E. Rainbolt, to a term beginning on January 1, 2019 and expiring at the Company's Annual Meeting of Shareholders scheduled for May 16, 2019, at which time he is expected to be nominated for approval by the Company's shareholders. Mr. Rainbolt will serve on the Audit Committee of the Board of Directors. Mr. Rainbolt will receive compensation for his Board service consistent with compensation received by the Company's other non-employee directors (which is described in Exhibit 10.12 to the Company's Form 10-K for the year ended December 31, 2017).
Mr. Rainbolt, 62, is the Executive Chairman of BancFirst Corporation, having previously served for 25 years as its Chief Executive Officer. He has served in an executive leadership capacity throughout most of his 40-year career, specifically focused in acquisitions and corporate finance. Mr. Rainbolt has also chaired a number of community, charitable, professional and governmental boards and associations, receiving numerous awards for his service.
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 exhibit990112-6×18.htm EXHIBIT 99.01 Exhibit Exhibit 99.01OGE Energy Corp. Board approves Q1 2019 dividend; company names David E. Rainbolt to board of directorsOKLAHOMA CITY – OGE Energy Corp. (NYSE: OGE) today announced that the company’s board of directors approved a first-quarter dividend of $0.365 per share per common share of stock,…To view the full exhibit click
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.